London, August The M&n&ng Post declares that there is no present cavie to fear any disturbance of the peace of Europe. It says that it may surprise the ingenious authors of the Russo-Prunian alliance, which they have created as the last bugbear, to be in formed that the Cabinets of St. Petersburg and the Tuileries are acting together in the Schleswig question, and holding the same language at Berlin. It then remarks that the true cause of the general distrust is the restoration of the French army to 'what is called its normal footing —in a word, the inorease of armaments in Franoe. France is agi« tated on finding thatjsheis no longer the first military power of Europe, and will have to make great ex ertions to make even a first-rate place. Apart from the uneasiness engendered by the precautions of our neighbours, there is as yet no single question upon which angry dispute ejigts., or upon whioh a quarrel could be fixed,

The ■.«. « Ruahine,' Captain Bed, arrived at Wei lington *t 4 p jn. on Thursday last, with the Panama mail on board. She left Wellington on the morning ofthe 9th July, had favourable winds and weather for the greater part of the passage, and arrived at Panama on the sth August, Mr, Taylor, a first daw passenger, died on board, of consumption, on the 20th July. r *^ u »iiWreceiTed the English mails on board on the 24 c h Augusts and steamed to sea at 11 p.m. She hid fine weather and light S.E. trades, which conned to the endjof the passage, and, had it not been for the inferior quality of ooal put' on board at Panama, would, no doubt, have arrived at her ap pointed time. She called at the island of Oparo on the downward route. The barque 'Midas' bad arrived at [the island, and fall the arrangements for coal ing the steamers with as little dewy as possible are complete, 'so that for the future the objeotion ,to arriving on the coast of New Zealand with too light » ship will be obviated. The French Government aent a steamer from Tahiti to Oparo in May last, to take possession and hoist the Tahitian flag, so that the island is now under the protection of the French. The 'Ttuahine' was the bearer of a large mail (W. 