Rensselaer Gazette, Volume 3, Number 4, Rensselaer, Jasper County, 18 May 1859 — Latest from Europe. [ARTICLE]

Latest from Europe.

Arrival o) the S'eamer Arago. St. Johns, N. F., May 16. The steamship Arago, from Havre and Southampton, has been intercepted oft’Cape Race, and Liverpool and London advices of the 4th inst. have been obtained. The latest accounts from Italy are, that though no actual collision had yet occurred between the Austrian and Sardinian armies; intelligence of a conflict was expected at any moment. The Emperor Napoleon had sent a formal declaration of war agains Austriat to the Corps Legislative, and also announced his intention to head the army. His departure was expected on the 6th. His manifesto states that Austria has formally declared war against France, and nothing remains for France but to take up tne sword in defence of Italy. He disclr ims all idea of conquest, sA;d ' ing about to place hirnselt at tue head of the army, lie leaves the Empress and hi son under the protection of the French people. The French troops are pouring into Piedmont. 'The Austrian troops’ are concentratmg along the Sessia, and occupied Vercell!. Trieste, and the surrounding country, which had been placed in a state of seige.

General Guilay, the Austrian commander, has imposed heavy contributions upon the towns occupied by him. The panic in the Paris Bourse continues. Three per cent, rents had declined to sixty francs. The Bank of Frankfort has raised the rate of discount from three to four and a half per cent. r The Bank of France have raised the rate of discount from three to f ur per cent., and a further advance in the rate was expected by the Bank of England on the sth. The Dutch government had applied to the Chambers for a credit of £500.000. The ship Champion of the leas had sailed from Melbotirn with over £90.000 in gold. The French Minister at Vienna, and the Austrian Minister at Paris, hid both taken their departure for their respective governments.