New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-11-05
THE EUROPEAN SITUATION

The scene about Rome is one of intense, alb
sorbing interest. Garbaldi, looking down from
the nights of Monte Rotondo upon the French
flag as il waves over the Eternal City, and
awaiting the impending collision between Italy
and France. may well rest from his labors tlnu
the reGnforcements of two Kingdoms come up
The last attitude of the Italian Cabinet ex-
plains the apparent Inconsistencies OF It's pre-
vious course. If it be true that the lllii''n
troops marched into the Papal states Withou'
the privity or consent of France, that Minister
Menabrea charges France with violating the
September treaty by entering Rome, while DE
Moustier retorts by charging Italy with NO
lation of the same treaty by invading the
Papal States, it is plain that Tor some DC
cult reason Italy has from the hrst Deen
acting without that mutual understandings
with France which was inferred from It's oe-
crees against Garibaldi. But it is to be con-
sidered that, in all its pretended severity to-
ward Garibaldi, Italy has done nothing neon
sistent with the theory that her opposition was
merely feint--a ruse OF statecratt, designed
to keep the September treaty to the ear, Dut
break it to the hope of France. The arrest Oh
IGaribald and his Punishment to Caprera, at a
time when he was without an army and could
not have safely set foot in the Papal Provinces
at the same time allowing him to issue ms
proclamatlons with entire freedom, permitting
his followers TO gather on the frontiers ana 10
perfect their plans for invasion. and finally
overlooking his escape and triumphal march to
the very gates of Rome-all indicates the ltal-
Ian Cabinet are disposed to use his revolu-
/ A.
lmatons. arrest etc, are for France, not
for Italy But their prompt attitude OF nos
| ility to the French occupation OF Rome, their
OWN occupation of the Papal Provinces, and
| he mysterious rumOrs which come from Prus-
ia, that the latter power will intervene IL
necessary, but is at present neutral, all strongly
Indicate an impending struggle for the leader
hip of Europe between Napoleon and Bis
narck.
| Both France and Prussia have so much to FISK
such contest that we would suppose each
yould enter into it only when absolutely driven.
| ,ut for six months both countries have been in
ustriousy preparing for, and with bated breath
waiting, war. If, three months ago, when no
Italian complication had arisen, the question
,nxiously asked in Paris and Berlin was, "Will
there be war; what shall we expect when
french legions are in possession of Rome, and
france and Italy are mutually accusing each
,ther of violating the same treatyY
In the event of war, we may confidently pre-
Gct the issue Of considerable quantity OF
lew European securities which would in some
,egree thrust our own bonds out of the foreign
market, and, by causing their return to this
ountry, would entail reduction in their value.
Che current of emigration from Germany, and
indeed from Europe generally, would be con
sderably checked by the demand of the French
md Prussian Governments for troops. On the
dher hand, an active market for breadstuffs
md for our military manufactures would be
nened, which might compensate IN part iinan-
cally for the disadvantages of having return
q our securities and check on our emigra-
tnn