16 JULY 1859, Page 1


It will be observed from these facts that at a date immediately preceding the interview, the Emperor Napoleon must have reviewed the whole state of the Italian question—the course of events, the character and extent of the losses on both sides, and the general tendency of the propositions, especially those which had been advanced by the neutral Powers upon Prussia. The reconsidera- tion of those facts undoubtedly enabled him to suggest such terms for closing peace as were likely to be accepted byfte Emperor of Austria, and they were accepted, instantly.

We have them as yet 'only in the meagrest outline. They comprise—a cession of Lombardy to the Emperor of France, who hands it over to the King of Sardinia ; the retention of Venice and the Venetian territory—apparently with the fortresses—by Austria ; the restoration of the Royal families of Tuscany and Modena ; an universal amnesty ; the formation of a Confederacy of the Italian States, over which the Pope is to be Honorary Presi- dent, and in which Austria will appear only in virtue of her Italian province, Venetia.

The other events which have followed the announcement of peace are scarcely less important, though less satisfactory. The most ominous announcement is the resignation of Count Ca- your, the Prime Minister of Sardinia ; but the circumstances of this resignation, its motives and purpose, are as yet unex- plained.

The Duchess-Regent of Parma has put forward a solemn pro- test against any infringement of her son's rights, whether by the acts of revolutionists or by the arrangements of other Sovereigns. From these special encroachments, the Duchess appeals to the Governments of Europe. It remains to be seen how far this par- ticular apped may not, perhaps with others, occasion a reference to a Congress ; the anxiety for which is said to have instigated Count Cavour's resignation. -