It is no purpose of ours to speculate upon events, and therefore we leave the Danish question without further comment. It will be extremely gratifying if, after all the demonstration which has been made, and the actual collision between the Danes and the Germans, peace can be re-established without having recourse to the armed interference of a northern confederation; and it would be still more gratifying if this desirable result should be the effect of British mediation. But, looking to the south of Europe, we cannot approve of the policy which Great Britain has since pursued, or the attitude which Lord Palmerston has chosen to assume towards a friendly foreign power. Our readers will not have forgotten the surprise and suspicion which was excited, about a year ago, by the absence of a cabinet minister, who was understood to be perambulating Italy with a sort of roving commission. The intention may have been friendly, but the fact was both unusual and degrading, and gave rise at the time to a multitude of unpleasant suspicions. Whether Lord Minto travelled in the capacity of constitution-maker for Italy we know not; but if so, as has more than once been broadly alleged, his attempts have been utter failures. We hope it was not by his advice that Charles Albert has done his best to light up the flames of general war by that ungenerous attack upon Austria, which has ended so disastrously for himself. Baffled on every hand—after having sacrificed his army, and squandered his treasure—the King of Sardinia has been driven back into his own country, amidst the execrations of those whom he professedly came to emancipate, and without a hope left of gaining the diadem for which he had perilled so much. The papal constitution at Rome has by no means fulfilled the hopes of the liberal advocates. Pius, lately so popular, is trembling in the Vatican, and the inhabitants of the Eternal City are in as much terror as if Attila were again at its gates. We repeat that we do not know how much share British councils may have had in promoting these untoward events; but this we know, that it would have been far better if Lord Minto had remained at home. For, in the matter of Naples at least, we have chosen to take a direct part, which throws suspicion upon the tendency of our whole negotiations with the Peninsula.