New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-08-16


many. Austria has consented to suspension of
arms and to accent the prGliminaries of peace
The ambassadors of the Observation-Disclosures are now
at the Prussan headouarters, negotiating the
terms upon which peace is to he concluded.
1t is the desire of diplomacy to keen these
terms secret; but, notwithstanding ali the pre- |
cautions that have been taken, the cat has been
let out of the bag, and we now know for certain
that Austria has, ,olens oolens, been obliged to
consent to withdraw from the Germauic Confede-
ration which will be pulled down to be built up
again on a new and improved principle.
Northern Germany will form union by itself,
under diplomatic and military presidency at
the head Of which King William intends to place
himself
The southern States will, if they so choose,
form a confederation of their own,
Bismarck has, of course taken to himself the
lions share-the duches OF the Ebe, part OIL
Hanover. Hessc will be annexed to Prussia. The
other States of the north will, under an appear
ance of Independence, be sooner or later swal.
lowed IN by the house Of Holenzouern
Austria let's 70 her hold of yeueta, and viii
have TO nav all the expenses of the war
The Prussiaa premier is as hypocritcaI as he is
ambitious. He has all along asserted that tie war
with Austria was undertaken to give more force
| to Germany. but the result will be the contrary
Germany. as a whole, has been weakened. and
Prussia alone increased aud STRENGTHENED
The whole Of the north Of Germany will become
Prussi1n. The Teutonic portion Of the Austrian
uossessions will be separated from the other Ger
man States of the south, which are now sent to
the drift without sleersman. A few weeks will
show us what is to become of Bavaria, Wutem.
berg and the Grand Duchy of Baden.
The peace which is about to be concluded will
be but a heightened suspension of arms. for not
| single question has been solved. Even in Prussia
there is much dissatisfaction at the policy of Bis.
marck, which has established schism between the
north and the south of Germany, and which de-
priyes the nation of ten millions of inhabitants by
the amputation of Austria, 1t is not likely that
the Hapsburgs, though excluded from the con
federation, will be likely to renounce playing a
part in Germany. A stroke of the pen is not suAi-
Gent to do away with the traditions of ten CEN
turtles.
As regards the pretensions of italy thew are on
the increase every day. She now wishes for
TRENT and Triest 1t is positively asserted that
Prince Cousin Napoleon has been sent to Italy to
prevail upon his father-in-law to be satisfied with
the Tyro and to abandon the idea of getting eth
| err Triest Istria or Dalmatia.
The house of Hapsburg must now bow its head
and submit to the terms of the Hobenzollerns, but
if has not vet fallen so low as to be dictated TO by
Victor Emmanuel. whose army has been beaten
everywhere by the KaiserIichs. AT Custozza and
in the Adratc, however, all agree in praising the
valor Of the Italians in which we had a nroof in
the blowing up of II Palestro, a small cannon
hat which having run aground the crew Dre
ferred certain death To falling into the hands of
the hated opDressors of Venetia. The cantain If
tbis cannon boat was named Capellini and his
name will be handed down to nosteritv as one Of
those who died rloriousy for the emancipation of
his country.
This naval combat also cost Italy the life of
Roonio. one Of the first orators of the Peninsula.
| and s3id to be an ileritimate son of the late
Connt Cavour.
An enrgremeDt was taking Mace in HUNGARY
between the Prussiars and the AustriaDs when
the news of the arfnfstice arrived. Things we're
beginning TO take an awkward turning for. Ans
tria. when the command was suddenly given To
suspend bostilitjes.
whist negotiations are roipa on. Ri.,narcI, i
.1ot perleetinr His petlv Vengeance. Arcade
Informed YOU of the exactiops of General Won
Ea}keDstsin in the free CITY of Frankfort. Since
wrote last. this general has been replaccd nv
General Won bTartepfel alreadvI1pown for layinr
acted with such severity in Schlestyfr. Ono oil
the first acts of the successor of Won Fakeustein
was to levy a fresh contribution of TWENTY-FIVE
millions of forms on the city Of the Rothschi1d4
which has population of $4,000 souls at the
utmost. On the first merchants of the town
assuring the General that It vas ironossibIa for the
town to nav so heavy a sum he declared to them
that, if not paid within twenty,four hours.