The New York herald., 1866-07-31

ous In their offer to sell we have no doubt some
patriotic party will be found ready to accept
their proposal.
Poacc In Europe-The Rapidity Of the Cam
lpaign.
We must accept as credible the intelligence
brought by the Atlantic cable that peace has
been concluded between Austria and Prussia,
although we await with some impatience the
details Of this important news The peace
probably leaves three powers in Germany, viz :
Austria, restricted to her hereditary territories
Prussia, with the acquisitions which she has
gained by the war, and new German Union,
which is to supersede the old and weak con-
federation. It leaves, also, . united Italy,
with the rich province Of yenetia, which France
will scarcely refuse to surrender. The gamers
by the war have been Prussia and Italy. The
losers have been poor Austria and the poor
Pope, who has now NO guarantee against the
demands Of the Italians upon Rome.
We do not yet know whether to class Napo-
leon among the winners or the losers by this
peace. According to tho accounts which have
reached us he was not consulted during the
negotiations. The report is that France was
completely isolated. So sad . termination to
the grand schemes which Napoleon announced
with such q flourish Of trumpets cannot but
impair his diplomatic prestige. Still, his game
is not yet entirely played out, and we have
not the data to predict how it will result We
can only see that both Prussia and Italy have
refused bis diplomatic Intervention, and that
he was prevented from undertaking an armed
mediation by the threatening attitude Of Russia.
Thus far, at least, he has failed, and to find
France between powerful Prussian empire on
the one hand and powerful Italian empire
on the other, cannot be at all agreeable to his
ambitious designs. This state Of affairs will
suit Russia however, and will not displease
England. Austria, although excluded from the
German Union, still remains an empire, to
maintain the equilibrium Of Europe, and
Prussia's increased power will act as
check upon France. We must not for
get, however, that the peace in Europe
will allow Napoleon to pursue his plans in re-
gard to Maximilian and the empire in Mexico,
now in very bad way, may yet be established
by French and Austrian troops, while the lib
erals nre quarrelling among themselves and
Secretary Seward is dplomatizing with the
shrewder and bolder Napoleon.
From the rapidity with which the Prussian
campaign has been pressed to successful
issue We may learn the changes which modern
inventions have brought about in the art Of
war; On the 14th Of June war was practically
declared, and on the 2Sth Of July the terms Of
peace were arranged. The chronology Of the
campaign is exceedingly interesting. On the
14th of June the German Diet decided in favor
of Austria. On the 10th the Prussians occupied
Leipsic, Giessen, Cassel and Lobau, and on the
18th they entered the Hanoverian capital. The
18th found them in possession Of Dresden and
Of various points In Bohemia. Their ad-
vances continued, with slight cavalry en-
counters, until the 24th, when an armistice
was declared between the Prussian and
Han0verian armies. On the 25th came
the battle at Jungbunslau; on the 26th the
engagement near Turnau on tho 9th the
fights At Nachod, Oswiecin and Langensalza-
the latter between the Prussians and Hano-
verians. The Austrians were driven back upon
Josephstadt the same day. On the 2sth there
was an action near Trautenau. and the troops
under Prince Frederick Charles were engaged
near Munchengratz. The Hanoverian army
surrendered On the 29th, and the Prussians
captured Gitschin. On the 3Oth there were
battles at Kort and at Chwalkowitz, and the
Austrians under Clsm-Gallas were pushed
back to K6niggraz. July opened with fight
at Gitschin. The next day the two armies Of
Prussia effected junction, and on the Sd inst.
occurred the decisive battle Of Sadowa. On
the 7th the Elbe was crossed. On the 10th
there was battle before Olmutx. On the 22d
the Prussians, still pursuing their advantages,
forced grand battle before Vienna. On the
23d an armistice Of Ave days was offered and
accepted, and on the 2sth peace was declared
A war that might have lasted for thirty years
in the olden time is thus ended within six
weeks by the aid of railroads, the telegraph
and the breech-loaders. Diplomacy is out
stripped BY the celerity Of these military move
ments, and while Napoleon is considering what
to do peace is arranged without his assistance
Next to our own great civil war this German
war must take rank In history a. one OF the
wonders Of the age.
The IxBECurY or GovHRNoR FEsToN.--We
have heretofore mentioned the fact, and Il can
not be repeated too often, that the last Legis-
lature Of this STATE enfy,,stod IN fha hands NJ