The New York herald., 1866-09-18

Will tho War In Europe Ne kenewodS
The latest news from Europe by telegraph
with regard to the negotiations between the
belligerents in the war just ended appears to
indicate an unsettled state Of things still and
possibility Of the war being renewed. Indeed,
from the tone Of the cable dispatches published
yesterday, war would appear to be quite proba-
BILE. It stated that the negotiations for peace
between Austria and Italy had come to lock
in consequence Of the former Power resisting
the demands Of the latter with regard to giving
up certain property in venetia and on the
question of indemnity. It is even stated that
the homeward march and rehabilitation Of
the Prussian troops had been stopped in con-
sequence Of this new difficulty, and that Prussia
had notified Austria that she should stand by
Italy, her ally, even to reopening the war, II
admissible.
We think it will turn out that these views
are sensational and have little foundation in
fact. The fundamental basis of q treaty Of
peace must have been well understood before
the sword was sheathed, and it is unreasonable
to suppose Austria would risk war again ON
mere question of details about indemnity or
certain property in Venetia. We have no idea
that there is any very serious difficulty making
a renewal Of the war imminent 1t is not at
all unlikely, however, that there may be at the
bottom of these reports some diplomatic
manGuvring on the part of the Emperor
Napoleon, in order to get his hand in the busi-
ness and bring about general European con-
gress. He may have stimulated Austria to
make hitch in the negotiations for this pur-
pose. After having assumed so much and
fiattered French vanity with the idea that he
was the great arbiter in the affairs Of Europe,
to be set aside so coolly in the extraordinary
changes that have taken place is very humiliat-
ing. Prussia, with her ally, Italy, went on
breaking up the old order Of things and the old
map of Europe and rearranging the map or
central and southern Europe as if no such per-
son as Napoleon was in existence. In few
weeks campaign the prestige of Napoleonic and
French power, which had kept the Old World in
dread previously, was utterly destroyed. Even
his favorite scheme of o congress of great
Powers was secuted. 1t would be natural.
therefore, for Napoleon TO put his hand in the
present negotiations, il possible, in order to
regain some OF the prestige he has lost. II is
not unlikely he may be using Austria to bring
about congress in which he may hope to
make a considerable figure. Still, we do not
think the war will be renewed; nor have wc
the loast idea Napoleon wonld go to war him
self The condition of his health and dynasty
would deter him from war. The great worlds
fair to be held ut Paris next year, from which
the Parisians and oil France expect to gain
great deal, would be prevented should he 20
TO war. He has too much at stake TO take such
dangerous STOP In fact Ii would not be to
the interest Of either France or Austria to re-
open conflict Of arms. Nor does Prussia or
Italy desire it II France were to draw the
sword in the present temper Of Europe, thore
would be, in all probability, such a combina-
tion against her rs would create revolution
and destroy the empire. Taking all thcsc
things into consideration, we think the war will
not be reopened, at least not for the causes
spoken Of in the cable dispatches.