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European News.
arrival of the Arago at New York.
great fire in London.
the French recognition of Italy.
&c., &c., &c.,

The steamship Arago, from Southampton on the 26th June, arrived at New York on Monday night, the 8th. Her advices have been anticipated by the Great Eastern, which left on the 27th; but we give some extracts from the London files which we have received.

The Arago brought $71,104 in specie.

French recognition of Italy.

Turin, June 25.--In to-day's sitting of the Chamber of Deputies, Baron Ricasoil, President of the Council of Ministers, made the following statement:

The Government is happy to announce to the Chamber an event which will be received with great satisfaction by the Italian people. The Emperor of the French has recognized Victor Emmanuel as King of Italy. The right of our nationality, which until now has only been graven in the conscience of the people of Italy, will soon become a right recognized by all Europe. The recognition of the Kingdom of Italy by France and England definitely determines our position in Europe. Italy is now placed among the other sisterly nations, and occupies the place which has long been denied her. The recognition of the Italian Kingdom is the fulfillment and the seal of the memorable words pronounced by the Emperor of the French in July, 1859, in replying to the congratulations of the constitutional bodies of State of France shortly after his return from the glorious campaign in Italy.--He said: ‘"The future will show the results of this peace for the happiness of France and the peace of Europe."’ The Chamber will certainly acknowledge as a fresh proof of the Emperor's good-will, the moment itself which he has chosen for making this solemn manifestation. It is certainly his intention to render less painful to Italy the great misfortune by which she has been overtaken. --Italy will see in this fresh cause for being grateful to the generous nation whose genius and noble instincts the Imperial Government so worthily represents I do not consider that I am lowering the dignity of Italy in declaring that she ought to be thankful to France. (Cheers.)

‘"Do not fear that our gratitude towards France can demand of us the least sacrifice of our rights or of our interests. [Cheers] Between France and Italy there cannot be any conflict of interests. Liberty, progress and humanity will henceforth be the sole common aims of civilized people. Italy and France will go hand in hand to this noble result — Such is the new basis of the policy of the Emperor of the French, inaugurated by the war in Italy, a policy which will form the best title of his glory, and which will give to the world that which it is most in need of, namely, peace founded on justice. [Cheers.] Let us rejoice at this new success; but do not let us forget that our work is not yet completed. We owe this success principally to wisdom, constancy, concord, magnanimous emulation, efforts and sacrifices. We still require these virtues, the effects of which cannot be compensated by any friendship or foreign support. These virtues are the true motives of the past, and most sure token of the future."’

[Prolonged cheering]

Signor Muronnio, member of the left, said: ‘"I find a deficiency in the communication of Baron Ricasoli, in his silence with regard to Rome, our capital by right. " ’ He asked for explanations.

Baron Ricasoli replied: ‘"There is at present no Ambassador of Italy at Paris, nor any French Ambassador at Turin. This part of our relations has not been settled, but will be so very shortly. As regards Rome, I can assure you that the Government has no intention of allowing the question to rest. It is too important for the Government not to incessantly occupy themselves with it. The Chamber will, however understand the gravity of the question, the difficulties of which must be overcome solely by negotiations with Napoleon, which are continually going on.--I flatter myself that in time, the period of which I certainly cannot fix, we shall arrive at such a result as will meet the best wishes of the nation. In the meantime I assure you that the recognition of the Kingdom of Italy does not involve any condition, nor any insult to our national rights."’ Baron Ricasoli

Paris, Tuesday June 25--The Moniteur, of to-day, says: ‘"The Emperor has recognized Victor Emmanuel as King of Italy. In notifying this determination to the Cabinet of Turin, the Government of the Emperor declared that they would decline any solidarity in enterprises of a nature to disturb the peace of Europe; and that the French troops will continue to occupy Rome so long as the interests which caused their presence there shall rot be protected by sufficient guarantees."’

Rome, June 23.--On Thursday last, when Cardinal Antonelli was officially informed by the French Ambassador of the recognition of the Kingdom of Italy, he replied: ‘"This is where we have been led by the solemn promises made by your Emperor at the beginning of the war."’

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