ITALY. EFFECTS OF ORSINI'S EXECUTION. (From the correspondent of the Times.)

Daily Southern Cross, Volume XV, Issue 1167, 3 September 1858, Page 3

ITALY. EFFECTS OF ORSINI'S EXECUTION. (From the cor respondent of the Times.)

In numerous foreign journals, I see articles and correspondence speaking of the gre.it " fermentation " that prevails in northern and central Italy. The word must not be taken at more than its value. From all I can learn, it is not likely to lead to anything approaching insurrection — especially :n: n Austrian-Italy. Unquestionably, there it astir; numerous recent incidents have shown it ; and even Venice, from which it was not expected, took the first opportunities that presented themselves after the Archduke's arrival there, to testify its dislike of its rulers. The publication of Orsini's two letters to the Emperor Napoleon, and especially of the second, has caused an immense sensation, and has roused the hopes of the Italian?, heartsick from their long deferment. Sanguine and ardent, they jump to conclusions, and already behold (in imagination) the independence of Italy proclaimed and propped by France. Conscious that as things now stand they can do nothing unassisted, they build a brilliant fabric of hope upon the prospect of foreign discords Here, in Piedmont, where hatred of Austria is the strongest feeling in th^ hearts of most men, from the highest in the land downward, they have ravishing visions of a Sardinian auny crossing the Ticino, while France, from another side, co-operates against a common foe. Both military and civilians cherish this idea as one that is some day to be realised. The pleasure of anticipation would perhaps be diminished, *% regards the army, if its co-operation with that of France were to amount to actual junction 1 , for it knows, by Crimean experience, that in that case, Although it would unquestionably take its fair share of b«ird knocks, the lion's share of the credit would be taken by its big friend. The avantageux character of the French, the peculiar selfsufficiency which makes them think, or at least proclaim, that where they are nobody else does anything, is fully appreciated here, and both here and in the Crimea I have repeatedly heard Sardinian officers speak of it with displeasure and disgust, and, while acknowledging the military merits of the French, express an opinion that, for the above reasons, there ia little satisfaction in serving in combination with them. The news given by that solemn and veracious paper, the ' Journal dcs Debate ' of the capture of Canton by a few hundred Frenchmen, while the English forces looked on, biting their nails with vexation, wat highly relished here. It was received with ironical applause and Homeric laugh ter .

A Shooting Anecdotk.— Shooting soiue lew y ears since with some frisnds, a captain formerly belonging to the 4th Dragoon Guards was of the" party. We lost sight of him for some time. When he joined. h° was asked what he had been doing ; he replied, "In crossing the brook I trod on a pebble, lost my equilibrium, and fell.'' One of his servt nts, bearing of his loss, went back. Being questioned on his return as to the cause of his absence, his answer was, " I heard the Captain say he had lost his equilibrium, and went back for it. I searched a long time, but was unable to find it."