VENICE that held out against the Austrian forces was compelled to capitulate. She loses the distinction which she had retained, and her condition as a free port is lost. Austria has even desired to build up Trieste at the expense of Venice. It should be remarked, however, that the political offences of the Venetians have been more leniently dealt with than had been anticipated. The leaders of the revolt were removed to Corfu by the French before the Austrians entered the city. Venice and Venetian Lombardy are again the appanages of the Austrian crown. There was an attempt at a revolt in the IONIAN ISLANDS, a quasi republic under the protection of Great Britain. The disturbance took place in Cephalonia, and the political outbreak was the occasion for a band of ruffians to undertake to plunder and assassinate. A leading citizen of Argistile was, with his family, burnt to death. Vigorous measures were adopted by Mr. Ward, the high commissioner of the British government for the Ionian Islands, and finally order was restored. FRANCE—The year 1849 opened upon France in the enjoyment of the _fierce_ youth of Republicanism, with a President elected almost unanimously by the people, and with a National Assembly almost ready to expire by its own peculiar organization. A new Assembly was elected and was organized in May, and early in June the President, Louis Napoleon Bonaparte, sent to that body his message, which, for the first time in European history, contained a statement of the situation of the country minutely set forth, and was thus far republican. Unfortunately the President took occasion to set forth his own views and determinations in a tone far more in accordance with those of his uncle, the Emperor Napoleon, than like that of those who should supply his model—the Presidents of the United States. It may be noted that the revolutions of France have been very costly, and her debt has been fearfully augmented by the convulsion that drove Louis Philippe from the kingly throne and placed Louis Napoleon in the presidential chair.