All France read with wonder Napoleon's bulletins describing the capture of an entire army and the approaching presentation of forty Austrian standards to the Senate at Paris. No imperial rhetoric acquainted the nation with an event which, within four days of the capitulation of Ulm, inflicted a heavier blow on France than Napoleon himself had ever dealt to any adversary. On the 21st of October Nelson's crowning victory of Trafalgar, won over Villeneuve venturing out from Cadiz, annihilated the combined fleets of France and Spain. Nelson fell in the moment of his triumph; but the work which his last hours had achieved was one to which years prolonged in glory could have added nothing. He had made an end of the power of France upon the sea. Trafalgar was not only the greatest naval victory, it was the greatest and most momentous victory won either by land or by sea during the whole of the Revolutionary War. No victory, and no series of victories, of Napoleon produced the same effect upon Europe. Austria was in arms within five years of Marengo, and within four years of Austerlitz; Prussia was ready to retrieve the losses of Jena in 1813; a generation passed after Trafalgar before France again seriously threatened England at sea. The prospect of crushing the British navy, so long as England had the means to equip a navy, vanished: Napoleon henceforth set his hopes on exhausting England's resources by compelling every State on the Continent to exclude her commerce. Trafalgar forced him to impose his yoke upon all Europe, or to abandon the hope of conquering Great Britain. If national love and pride have idealised in our great sailor a character which, with its Homeric force and freshness, combined something of the violence and the self-love of the heroes of a rude age, the common estimate of Nelson's work in history is not beyond the truth. So long as France possessed a navy, Nelson sustained the spirit of England by his victories; his last triumph left England in such a position that no means remained to injure her but those which must result in the ultimate deliverance of the Continent. [Treaty of Potsdam, Nov. 3.] [Violation of Prussian territory.]