15 JULY 1848, Page 1

Some expectation was created by the announcement of a new

Carlist insurrection in Spain under Cabrera: but hitherto, so far as one can pierce through the mist of falsification that pre- vails on every side in Spain, the achievements of the Legitimist heroes have been of the smallest description ; and a distinguished officer on their side, General Alzaa, has fallen early in the contest. Cabrera nearly succeedQ in gaining that important centre of re-

volutionary movements and the trade in nuts-Barcelona ; but he did not quite succeed, and the Carnet movement seems likaly to have no effect except to *crawLite tinkle and disorder of the distracted country.

A gain to the Italian cause-in onlowity atleast-is the decla- ration of Venice for junction with Lombardy, 'Naples remains in a deplorable state of terrorism, between the Lazzaroni, who are expected to be let loose again upon the city, and the hereditary traitor on the throne. The King has just opened his Parliament : the Royal speech was a mystification ; and it was received by the Deputies, mostly reelected, with an eloquent silence, The Archduke John of Austria has accepted the Regency of Germany ; but in terms that aggravate the doubts as to his fit- ness for the office. His address, indeed, breathes an amiable and patriotic spirit' but he speaks more as a subject than a ruler. He confesses that Ills position is "embarrassed," and talks of endea- vouring to reconcile his new duties with the trust reposed in him by the Emperor, "his most gracious lord." German affaire will scarcely prosper if the ruler of the Empire is to acknowledge "a most gracious lord'' in the sovereign of one of its constituent P4rte-

Rumours, as yet dark and obscure, report a not unexpected in- eurrection in Moldavia and Wallachia, with the no less probable consequence of invasion from Russia to protect the status quo.