The New York herald., 1866-07-25
/ T A L Y
sua MILAN CORRESPONDENCE.

MILAN, July s, 1865.
THE CAPITAL As NEWS cssrRk
Milan, which Is just the real capital OF Ialy-the
point at which the national vitality is most
aud most active-is wonderfully excited city. II
stands near to the centre Of the front that Italy presents
to Austria with Cremona the headquarters OF the regu
lar army on its right hand and tho Lake Garda coun-
try the scene OF Garbadis operations on It's le and
1t at safe distance behind the 0glo the line now
held by the Italian army. All accounts that Il 10 poss
bic TO get Of the operations either hand oome To-
geher here and meet here with all the the other
side Of Europe Il is meeting Of important dispatches
from ali these quarters that has 80 excited the city lust
at present.
RSoR0ANzrNG AND ADVANCING.
From tho army hear Of the possibility Of another
forward movement Since the battle OF the cath, the
army has held the limo Of tho 0giio, and the
wsrk Of reorganization has been pushed forward with
the utmost energy All italy fees that this II NOT tho
hour for the main force 10 stand st and nov comes
word that after Cabinet council which lasted all night
the Baron Ricaso departed this morning for tho head
q,ns1ofs o. tho army.
GARnAxpg DwxArw
Close on the heels Of this auaounosneat came The
news that Garibaid had had hattie In the nountaus
and that ~ result Of 4 was mot paroulsy glorious for
Italy. rhe nrst Snlcai annoancsment sf the nght At
n0uso O0Oouu shoW00 sza11 BOvofumc0t t0uuQ u I'M
possible 70 disguise the fact that GabaId had suffered
defeat
The simple fact that on his way to the ryroi hs
had arrived at the first fortified poston-had attempted
70 storm II and had absolutely tailed and then the
despatch dwelt-as official dispatches always do-upon
the good order with which the volunteers had returned
the position held before the battle and mentioned
Garbads wound Another aud subsequent bulletin an
nounced that the Ausrans had retired from the contest
UOetOn after the battle this In
form the reported defeat into a victory.
WHY THE AUsrRIAN RErRHD. e
Perhaps rational Interpretation Of the Austrian
retirement would be that the position was OF little
importance in the defence Of the Tyro that the Austrian
ing demonstrated his ability to hold il. What is one
little hill in the Alps and at the very commencement OF
the journey, In which perhaps there are thousand
ITALIANS REJOICING OVER sAD0wA
But the greatest OF to-day is the victory OF the
Prusslans in Bohemia-a victory that has filled Italy
with rejoicing.
In company with the news Of the Prussan victory
comes npte OF twenty lines from the Paris Aonteuy
and these twenty lines dwarf all else The Austrian
PROPOSE ion to Napoleon and Napoleons suggestion Of
armistice are the only topics Of discussion.
NATIONAL DENUNCATToE.
In the great cafes and piazzas there are immense
crowds Of excited men arguing this question pro and con-
cafe IL s the same; In all the Streets In the hotels in
every little court or space where two or three or q
dozen men sit down together 70 take wine coffee
hears tho most denuncaton Of the proposal
All to agree that the proposition is insult 70
Italy and worthy the cowardiceof Austria &c. &c.
France accused OF being recreant TO the principle Of
nationaites in listening to such proposal It IL as
sumed that the cannot possibly accept the
armisce and again II Is Indignantly aud bitterly felt
what child play II is 10 pretend 70 debate suggestion
made by the supreme arbiter Napoleon I'LL
AUSTRIAN sUBMtHI0N.
There Is too much passion for the people 10 the
real Significance of the Austrian proposal Is Ausras
submission made as gracefully ~ such proud power
can make " Il Is made to France because Austria
cognises the real quarter from which the she Is
gagged In came and because II could not be made any
where else veneta Ia the real stake of the and
Austria thus gives her consent that France may do with
vcneta what she will Could Austria propose to cede
veneta TO Italy within ten days after she had beaten the
italian army In great battles would be odd result
of victory.
NEW PARTITION or lURoPx
But she thus signify TO France with far less loss OF
pride her readiness TO consent TO new partition OF
Europe. That was what the Emperor's proposed con-
gross meant. Austria's refusal to attend made
inevitable and che thus expresses that events have
vinced her Of her She puts into the hands Of
France the OF the and France will make
BARGAIN with the Prusso italian alliance, and
shall know what Ia 10 be done at Rome and what
the Rhine.
PEACE PROBABLE
Italian pride feels IL the ends Italy will
out Of II with small accession OF honor and therefore,
the popular sentiment would continue the But the
war made 20 extort from Austria the very consent
she has just given and therefore there will
in all probability however bitter the dose may be 70
those who long to wipe out the memory Of the defeat OF
the 24th.