The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-06

tho Germano Confederation, and il not even so
much Of union that rope Of sand which Jefferson
Davis proposed 10 make the b,ndns power in the
southern States Wheaton, in summing up in few
words Its character remarks that the
great mass OF power given TO the Diet and the numerous
sovereignty by the individual States which the 10
composed, does not appear that the Germanc Con-
federation be distinguished this respect from
ordinary equal alliance independent sovereigns
except by its permanence and by the greater number
ana complication OF the objects 1t Is intended TO en-
II Prussia succeeds in the present war; far at least
as the northern part OF Germany concerned she will
be the confederation The little states and the free
cities which with her in the Diet and with her
now IN the will probably be compensated by tho
granting Of peculiar privileges to the latter and then
all will be gobbled into the Unsuitable nav of Bismarck,
Saxony and Hanover, and the northern Powers which
voted against her. and OF which she holds posses
sion will continue 10 be held by her and simply ncor
is treating Saxony as though il were her own er,ory
removing the royal from the public buildings In
Dresden and conscrpng saxons into the Prussihr army
II Prussia succeed in this war not inch OF ule terri
tory which her armies hold at the conclusion of peace
will be abandoned and Bismarck will have his game
and down TO poscrty as great man, the founder
OF a mighty empire
Then the European balance OF power will be disturbed
and friend in the Tueries whose dub heavy ewes
take in nevertheless wide perspective viii consider il
his duty 70 restore II by lacking TO French territory
the westphaian provinces-perhaps BeL,um Austria
with Veneta taken from her. conquered and beaten will
be IN no condition TO resist the clanor OF her Ger
man provinces for independence and finances being
cant power r''a' ''' '''e''-
Austria feels this knows it. ana knows that this war
against Prussia is with her life avid death struggle and
she has placed her last penny upon the card and
feels confident OF winning. In vat latter Bismarck
viii become very small man. dsturber of the peace
and Prussia will lose her controlling power IN Germ any
The Elbe duchies will become independent and a
SoIederationof which pru ssa win no. be member
ana oil which Austria Is tho leader-will be formed.
And what of Italy? s W days since one OF the semi
Official journals here CONT lined very significant article.
the burden OF which WIS., that although Austria would
never consent TO the render OF inch OF her terri
tory under menace although she would not consider
in accordance with her dignity to sell it, she would ho
disposed in the hour c victory be magnanimous The
inference evidently Intended drawn from the whole
article was, that II Austria succeeded in the abe
would give up ye' icta to Italy, and compensate
self for the terri. oria sacrifice by helding to
Prussian sesia making Prussia pay Through the
nose for the terri DRY given the Italians II is indeed
evident here that there is strong party growing in
,avor OF putting IAN end to this continual pretext for at
annoyance
the French Ar bassador here had been requested TO in
Innate TO Mar oleon that when peace restored Aus
tra would no be ndsposed TO treat for the ccsson OF
Venice. This, however, may be a mere Bourse rumor
II may be o. y to take the enthusiasm ont OF the
finances ud be much inclined away many
millions va powder to say nothing OF the incacuabe
they could get great deal quicker and cheaper by
manning quiet even turning their arms against
against the Italisns continue to be made Happening
to be al the Southern Railway station yesterday, OBJ
served some men loading into the freight cars quantity
Of quo rookng iron vessels about two feet long which
was informed were torped0es which wore loaded with
gun potion and TO be SUNK there are already great
number, in the waters around Venice.
The most rigid orders have boon issued rom the War
Dcp rtmont prohibiting the publication the furnish
leg for publication, Of any information relative to the
oh Of troops the strength and character Of forca
tiois, or Of description which might afford nstruc
ito to the enemy General Benedek is himself giving
good example in obedience TO this decree, he having
positively declined to admit any correspondents within
Is lines and having also refused the military penipo-
RIGGS n from
the two colonies who came from France delegated by
the French government 70 follow the Austrian army he
communicated polite, but positive, refusal 10 admit
them stating that II he admitted the representatives OF
naon:he must do the towards those Of others
and that he might not always be able to rely upon the
discretion OF those who wore sent.
Tho government has entire possession Of the tele
graphic lines and permits only such communications TO
pass them IL likes, aud given out for
publication which can in any way be OF service to the
TO be observed the result that here have
the slightest idea what is being done by the Austrian
army; Whatever his plans may be- General Bcnedek has
found secret Neither do we hear word from Italy.
This morning the papers contain bnt single elegraphic
dispatch announcing that the Prussans have occupied
Pirna This brings them In close communication with
Konigsten, powerful fortress the EiDs, the last
one toward the Bohemian frontier. This Of the
few in Europe which has been taken, although
frequently attacked; and Napoleon himself obliged
fore been considered imprcg6abc and the crown jewels
and treasures OF Saxony havo until the present IN all her
wars been sspo,.sd bore for safe keeping Now now
seems probable that Austria will permit Prussia to oc
cupy this important position without struggle but we
shall probably in day what the Austrian
'plaI' Is regarding this point.
In Vienna in spite OF the entire absence OF news upon
which to base opinion, the feeling hopeful and
buoyant Austrian securities went up in the Bourse
yesterday and the ago specie and foreign exchanges
wenLdown. This, however, is more probably duo 70
the fact that holders desired To realize and thus flooded
market than from confidence In the Immediate
Of the Austrian Sl this confidence great
and Il is hoped and believed In Vienna that M
the Federal contingent Of hundred thousand men Is
fully ready and shall have formed its junction with the
main body OF the army Austria with nearly Elon oil
men In the field, will then offensive operations
AID triamphantly marching the plains OF silesia,
wihdght her way successfully up TO Berlin where she
VIII ~te tho future of Germany by debating her own
| terms |" to Bismarck and his instrupent-the
| King