29 DECEMBER 1866, Page 1

NEWS OF THE WEEK.

IVO news of striking importance has arrived from Rome this PI week, but we print elsewhere an account of the two secret Governments, one Florentine and one Mazzinian, believed to exist in Rome. We hear also that the Pope has finally decided neither to fly, nor fight, nor yield, but await paisively whatever may befall either him or the Church. If this is true, the Revolution may be expected next week ; but it must be remembered that martyrdom is an easy 'doom compared with bankruptcy, that the territory outside Rome is indefensible, and that the Catholic world does not really care a straw about the estates of the Church, provided the Pontiff be independent in Rome. Even Spaniards have cheerfully purchased Church property, taking the risk of excommunication as d drawback of so much per cent. on the sum to be paid down.