14 DECEMBER 1850, Page 1

While the convention agreed upon at the Olmiitz conference was

kept in reserve, there was no end to the stories of its being such 0,_ settlement as would effectually arrange all disputed points ; would

satisfy everybody, even the Prussian people ; and would preclude- all chance of war. But the document itself has been published,- and it directly negatives all these fine stories. It was said ttliatt terms had been settled which saved the " honour" of " Prussia." :; it now appears that King Frederick William has been induced to forego his opposition to Austria, and to act by the side of Auetria, without any terms for that concession being specified in th .con-' vention. It was said that the Holstein question had been s tled, by the instrumentality of a Russian Ambassador,—which e counted a very bad augury : it now appears that there is o ar- rangement, but that an arrangement is to be made by comm slow. ors from the Austrian, German, and Danish Cabineta. It w s said that the Elector of Hesse had volunteered to go back to his cople it now appears that he is to go back supported by Aus an and

Prussian troops, and that Austria and Prussia are to Oa the

terms on which the RaalaSiall$ are to submit thews the petty

Sovereign who broke their laws and away. Much was made of the "free conference" e held at Dresden, as if a

truly " free " body were to be organized, to settle the federal con- stitution of Germany : little is nook said about this conference, but, all that does come out negatives thk idea that it is to be a " free ", body at all : probably it is to be nothing more than a meeting of delegates from the German Cabinets' perhaps with assistance from diplomatists of foreign powers, to botch up the much-fractured settlement of 1815 ; in other words, it will probably be a more modest renewal of the Vienna Congress. But there is as yet not the slightest indication of any guarantee, or even any intention, that the new settlement shall satisfy those wants which occasioned the revolution of 1848, or do anything more than patch up the shattered power of the princes who will principally take part in it.

It is reported that some of the minor states, headed by a state too important to be slighted—Bavaria—have been offended by the manner in which they were passed over at Olmatz, their concur- rence presumed ; and it is said that Bavaria protests : but it is to: be supposed that the concurrence of King Maximilian will be duly purchased by every needful concession. We are to have a new edition of the treaties of 1815, revised

and corrected up to the present date. Will it possible to re-' establish such a treaty-power on a thirty-five years lease P Will the new edition be edited by Lord Palmerston ?