The New York herald., 1866-06-26

i The European EntaAglement-Hussta
| Looming UP in the Background.
In the letter Of Napoleon on the critical
affairs Of Europe, which was read In the French
Corps Legislatv, the other day, hs says, refer
ring to his efforts IN this direction, that, chad
the conference assembled, my government
would have declared that France repudiated
all idea of territorial aggrandisement so long
~ the European equilibrium remained undis-
turbsd. France could only think Of an extern
sion Of her frontiers in the event Of the map Of
Europe being altered to the profit Of great
Power, and Of the bordering provinces express
ing by formal and free vote their desire for
annexation. In the absence Of these circum-
stances the French government prefers to any
territorial acquisition q good understanding
with Its neighbors, resulting from its respectfor
their independence and their nationality.
We should have desired for the Germanic
Confederation q position moro worthy Of its
importance; for Prussia, better geographical
boundaries; for Austria, the maintenance Of
her great position in Europe after the cession
Of venetia to Italy in exchange for territorial
compensation"
This ID q frank statement Of the "great ex-
peotations" of Napoleon from the proposed
conference, wisely rejected by Austria. He
expected the left bank Of the Rhine, and some-
thing more, perhaps, for France; the Danish
Duchies for Prussia; Venetia as a peace Offer
ing to Italy, and, lastly, some territorial COM
pensation to Austria. But as the conference
has failed, says Napoleon, "France will con-
tinue to observe an attentive neutrality, conf
dent In her rights and calm in her strength"
In other words, Napoleon will now watch his
opportunity for throwing his sword into the
scale of the war in order to turn it in his own
favor and to carry out his schemes. 1t is evi-
dent, too, that in war between Austria on the
one side and Prussia and Italy on the other,
the contending Powers would be so equally
matched that the Intervention of France would
speedily bring affairs to a settlement as France
might be pleased to dictate. Thus far, then,
Bismark has served the purposes of Napoleon
admirably, for he has apparently turned over
the game into the Emperors hands.
But 1t seems that he has been ignoring Russia
all this time, and that, just as everything ap-
pears to be in the best possible train for
grand dash by France, Russia, the giant Of the
North, stalks in upon the stage, and like the
backwoodsman at the Kentucky barbecue,
while stripping for action, asks If this is free
fghts Our Vienna correspondent, in his let
ter Of the 7th instant, thus defines the attitude
Of Russia. He says that she has "already
hundred thousand troops on the Austrian from
tier" ready to assist Austria If wanted that
1t is understood in Vienna that secret treaty
exists between the two Powers and that, there
fore, "the map Of Europe may yet be changed,
not as Napoleon and Bismark and La Mar
mora would have it, but under the pencils of
Gortschakoff and Mensdorf; !" and that such an
alliance may be look id for in the war, because
at would secure the Danubian Principalities to
Russia and prepare the way for her march to
the Bosphorus." In the game of Napoleon
these Danubian Prncipalities are to be the
equivalent TO Austria for the surrender of Vc-
netia but Austria is more powerfully drawn
to an alliance with her next door neighbor and
old friend, Russia, and will prefer, we guess,
Venetia the good fat bird in the hand to the
two doubtful ducks in the bush-those Dam
ubian Principalities.
Thus tho splendid continental game Of Ma
poleon, as IL appears, is blocked at the outset
II he will only remain neutral, Russia may
perhaps, resting upon her arms, be content to
look on. But then the conflict of Italy and
Prussia against Austria may result in nothing
but the exhaustion and bankruptcy Of all CON
cerned. And then, from the pressure of pow
erty and increased taxation, the people, from
the Rhine to the Danube, may spoil the cGcu-
latiOns Of kings and kaisers in i sweeping
revolution. On the other hand, should Napo-
leon yield to the temptation to advance 10 H.
relief of Italy, Russia may come down from
the opposite side with swarm OF Cossaclis IS
destructive to the peninsula n cloud Of To-
Gusts and as ruinous to Victor Emanuel AMI
Napoleon. We say ruinous, because wiIh
Russia in the coalition against France, England
will step in TO repeat against the nephew the
| war Of the Holy Alliance against the uncle,
and for the same reasons-that these Bona.
| parties are interlopers and disturbers Of the
peace Of Europe, and must be put down.
Russia, England, Austria and Prussia were the
treaties of 1885, so detested by Napoleon.
But we apprehend that in detaching Prussia
| from this Holy Alliance he has not done
enough to destroy 1t, nor enough to secure
himself against the fate Of Napoleon the First
in attempting the same game Of reconstructing
and parcelling out the boundaries and terri
tories of bis neighbors. In fact, the gathering
of the armies of Russia on the Austrian from
| tier is movement which Is full of warnings
and dangers to France under Napoleon the
| Third.
THE CONSTITUTIONAL AMESDMENT.-We per-
| caive Tint tho Coveruor of Ohio hns declined