By Huch a htcp w«* inr.y gauge hifi fears, and estimate tlto wrath* nud "jealousy of the French people at thy kuccchh of Prussia, out of which the fears have spntng. The result of UAh humiliation will be war. The hold of Louis Na]>ole*m on France is greater tlnn we have b.r:en accustomed to think, for a generaiitm has grown to man hood who never knew any other ruler than him ; but ho enjoys his power, lilco an Australian Minister, on condition of satisfying the people ; and tho fiery and sensitive French nation will never be satisfied to bo relegated to a secondary position without a struggle. The. French army ia being largely increased. ...and systematically trained in the use of the needie : gun. The Emperor is making speeches predicting perpetual. peace and goodwill among mankind; and those who are familiar with his career are sufficiently forewarned that war is not far-off. Jn such a'war France can count upon one steadfast ally ; Austria is tran quilising Hungary, and consolidating her German and Polish provinces, to be ready for the first chanco of renewing the hereditary contest with Prussia, Her .prostration at Sadowa causes her-to be as much undervalued at present as she was overvalued before that event; but she has Bfcill splendid -resources for war, and on war be sure her secret soul is set. The first to recognise the fact was Bismarck, who has proclaimed that Prussia will not bo permitted to enjoy her spoils without another fight. These arc tho clouds which all men may see on the horizon. But many thinkers in Europe look for the gravest danger in another direction~~in. the long m< ditattd ambition of Russia. For more than a hundred and fifty years she lyii notoriously desired to do on the coast of the Mediterranean precisely what Prussia has just done on the Baltfo and in central Europe ; and they are per suaded that before the recent precedent grows old, she will attempt to Bismarck is© Turkey, and perhaps Greece. Since tho beginning of the eighteenth century, Constantinople has hum fixed upon 'by Russia as the future capital of the Czar. Peter the Great and Napoleon the Great pronounced it to bo the destined seat of universal empire. 