, 1866-07-12

ofJune.l
fPr1m Our Own Correspondent
MILAN, Juns ., 1865.
The money fmbroglio has been solved. as
was to have been expected, by = royal decree,
ordering the National Bank 10 give small bills
in exchange for large ones, and to pay cop
per for small notes. These orders are render
cd effective by another, which provides that
Stamps of the value Of five and ten francs shall
circulate as money, and that sub-ot{ices shall
bo opened for the exchange Of small notes for
copper. The severest test to which VIC could
be subjected Is, therefore, finished, aud we
hayc come ont without loss Of national dig
nifty. There were no mobs, aud no one pro-
posed any other solution Of the difficulty than
the strictly legal one, although the evil was
universal and enormous, and tho Government
seemed At first to dcspise the popular CON-
plants.
We have derived great advantage from
this money crisis, which is likely to pass M
noticed In the noisy game Of war, and that is
In the invention OF a method Of helping our
selves out Of snch straits. In the midst OF
the crisis merchants issued their own notes
for one, two and five francs, and these notes
seem small matter to you, who are In the
habit Of relying on yourselves, among whom
individual en'eEpri*e leads the Government; :;
but here, where Government always leads
where each citizen llyes under the tutelaee Of
the thzone-wAese long Aahlt has bred q
childish dependence upon the MinlGtry-such
step as that recently taken by our mer-
chants marks an era in the commercial world.
The lesson learned will not be lost, and I
doubt II We could ever again be subjected to
such losses rs those we have suffered In the
past month.
The reconstruction Of the Ministry has
been effected In accordance with the ideas Of
the Consorteria-no Liberal member being
called in. Aordini rery sensibly concluded
that the Bureau Of Agriculture would not
give him or his party any Influence In the
country. The change from La AIar1nora TO
Eicasoll Is President Of the Council Is u hap
py change balanced By the putting Of that
very email mnn-Visconti-V Vcnosta, at the
bead Of the Foreign Adn1Fs office. The best
part OF the matter Is that General Pethinengo
remains at the head Of the War Department.
Tic Is the ahlest executive officer yet devcl-
oped in Italy; rather should say that In q
~~.A' .S'~ ~ -" tt's 4o'4' ~
our Minister oi war ms proved himself the
equal o. tne pest "ork'ns leaders Of any
mud. sc'alo)a has ihfled, ou. everybody
1alis ID our nnahees. anu Tue people ieel thai
one hiandcrer IS 1ust rs soou IS aoothcr. In
Tue navy ws LOSE Anglotctti, who goes to
the head Of division IN the army. 1t is
serions loss' tor nc has managed hts depart
1nent with considerable skill, although the
Eavy has really moved TO the front very
awkwardly in comparison With the army.
set 1t down Tor the luture that mistake
has been made in the political constitution
of this Cabinet, It is truc there are no party
questions now; but that Is lust the reason
why the new members of the Ministry shou1d
not have been selected from the remains of
ono old par1v. md that the one when has no
hold m Tho masses Of thc neon1e whn lo not
,otc- Thcre should haze heen for This ,yo :
A Ministry or The 1eft viii, Conservative nj
cozolI al ,,s head Victory may render t,,e
rrcsent nlan successfn1- Defcot viii try !,
torc,v
v,scont,.vcnost. neeot,,tcd The ,raatr
with F,ancc which ia known ~ the senten-
bcr Convention. r. =. o,,r noost unncpu1,r
ro,,t,cal re,n,n,sccncc md tho neonlc viii he
m t,,o a,art for other trcarbpries or ,,,c .amc
sort. 70 nut him ioto The Mace ron, which
he war icnom,njons]v driven hv tho nuh,ic
;,a;,r,tjon =. NJ oncc a defiance nf nnh,,c
on,nion ana a cha,lenoe to the suspicious
If Inc nation. In casa of renewal
of d,nlomotIc nceotiations. We ebou1d
tremh,p fnr arr very, mt .onnl,tv
t1owev.- +heae thinca attract little at,en.
.,on eor - 1rs.e hafors IN aoc,,rot,o,
.n -. ,a+,,. 1r,n. ~, ha,wao. H.. ~.
aars =; 49, ~ no-,,sz nna ". Oa;n;one
" w ~ - =, !.
eo"'o' 'a oEAnp, ~ ,s.,.,,~N. . -. ~ ~,
ressa'o " puol'c op!n'o' y 'ua'etu W W.
enlas la'siesa "isu "onaefln. ',tss ~ %
NO" tna' !. nus ~ o"n WY asa.u ~ uaa ~
.u1nea 70 1ne SUBJECTS on WHICH 'ne na''ona'
thouenI Is concentrated
Inc hoSa' cha'lehge 10 AUSTRIA aao aaaress !.
to tl'e nation nave a~aAenea IN eStfaofoina
~ enthusiasm. suea "ofas as tnese, ane