The New York herald., 1866-05-28

| ~AP"s W OHuoBos OroWn irOm tQ6 heroes o.
the army and the navy and the leading civ
ilians Of the country, distinguished for theil
good work in the suppression Of the rebellion
and yet sympathizing with the President in
bis general policy Of Southern restoration
Andrew johnson, instead of retreating under
the wrath Of Thaddeus Stevens, should him
self bring this conflict to decisive issue; for
the public sentiment Of the country Is with
him against the revolutionary schemes Of Ste
| vens and his radical faction.
Later News frsM Europe-state Of
Affairs.
We receive by the steamship City OF Boston,
from Queenstown, two days. later European
news than that which we laid before our read
ers yesterday by the America and Saxonia. The
dates by the City Of Boston are up to May II.
The news bears mere hopeful aspect both
with regard to the question of war and the
financial state Of affairs, although there had
been little change. While matters were not get
ting worse, apparently, there was room for
hope; and this suspension Of threatened evil
a'layed in some degree apprehension and ex-
citeTnent. 'asee
The newest feature about the war question
Is found in popular demonstration in Berlin
against the policy Of the Prussian gov
ernment and in the extraordinary arma-
ment Of Austria. Elections are to take
place shortly in Prussia, and from the
public sentiment shown at q large meeting
Of electors in Berlin there is some reason to
believe the government may not be sustained
in its warlike and ambitious policy. The
Prussian people are much concerned just now
about the internal affairs Of the country. They
want reform and stronger guarantees for their
liberties The government under Bismark, on
the contrary, is arbitrary and highly conserva-
tive, fnot reaotionary; and one of the motives
for creating this war fever, no doubt, was to
swamp the political movement at home. 1t
appears, however, that the Prussians begin to
see through this and are setting their faces
against the course pursued by tho government.
If this popular and sensible view Of the situa-
ton taken by the mass meeting in Berlin should
be generally entertained by the people and
deputies be elected holding the same view, the
government may be compelled to give up its
war. policy. There is the chance still that
Count Bismark, foreseeing this and being
bent on carrying out his policy, may precipi-
tate war before the voice of the people
can be heard The formidable attitude of
| Austria, too, may cause Prussia to hesitate 1t
il stated that Austria would have within
| two or three weeks nine hundred thousand
| men under arms. This SHOVE L.w v-ancss
Austria &. a. ---i~sing the ambitious preten-
sions Of Prussia and what great military
Power she lie. The voice of the lesser German
States may have some weight also. They have
nothing to gain by q war; indeed, 1t is likely
they would be swallowed up by one or other
Of their big neighbors; for if war should come
1t will be ono of ambition purely and would
end in Reconstruction Of the map OF Europe,
the aggrandzement Of the great Powers and
| the fnnihilation of the small ones. The lofty
and far-reaching policy of Count Bismark
undoubtedly is to consolidate the German
| people under one great Power, and Prussia to
be that Power For this he claims all the
spoils of the iniquitous war on Denmark, and
for this he will make an ally Of the Italians and
cause Germans to spill the blood Of Germans
| If the question were narrowed down to one
between Prussia and Austria only ,.the military
power the latter displays and public sentiment
| might have the effect of causing The former to
keep the peace, but the difficulty lies in Italy.
Victor Emanuel, backed by Garibaldi and the
Italian people, WI take advantage of the pre-
sent difficulty, il possible, to carry out the
| popular idea Of Italian unity. The italian gov
ernment would use Prussia in order to dri We
the hated Austrans out Of Italy aud venetia,
and Prussia would use Italy in order to
weaken Austria in Germany. Thus the matter
stands, and the only chance there appears to
be Of preventing war is in the attitude Of the
other great Powers of Europe and especially
that Of France. The very latest news indicates
that these Powers may interpose. A Congress
Is spoken Of and II was supposed that re-
ported conference in Paris between the British
aud Russian ambassadors and NJ. Druyn do
Lhuys had reference to that It may be that
the dread Of war makes the people Of Europe
cling to any circumstance that may be con-
strued to favor peace and that they are mis-
taken as to the signs of the times. Still there
does appear 10 be more hope.
The financial crisis was not entirely over,
but there was an abatement Of fear and excite
ment The Bank Of England still maintained
the high rate Of discount but the pressure
upon 1t had not been so great as previously.
AS far as we are concerned in the disturbed
state Of affairs in Europe we have little TO fear.
For the sake Of humanity wc may wish for
peace, but after the 6rst shock shall be over,
If war should come. we win not suffer. There
would be at arst some little arrangement - .
natural consequence Of our commercial rsls-
tions with Europe; but in the end our securi-
ties would rise higher and the wealth and In
dustry Of the Old World would Gov to the
New. We may hope for peace therefore, for
the sake Of humanity; but as far as our inter
ests are concerned we need not fear war.