The Daily Phoenix

The Peace of Europe. The recent imperial and ministerial meetings at several places in Germany, and more especially the conference between Bismarck and Von Beust, at Gastein, have given rise, as has heretofore been shown, to a variety of rumors. A treaty between Austria and Germany, a treaty between Germany and Italy, and a "triple alliance" to which each of those powers subscribe, have severally and collectively been set forth either as the accomplished or prospective results of these conferences. To-day the report assumes a more extended shape, and, according to the Free Press, of Vienna, "a league for the preservation of the peace of Europe has been formed, and Austria, Germany, Italy, and perhaps Russia, are its adherents."

The latest previous despatches gave quite a different view of the situation, placing Russia outside of the "ring," and exhibiting a combination designed to neutralize an alliance of France with that power. It is evident, however, that pacification is the great object of these conferences, and not, as some journals persist in maintaining, a mere royal game of chess.