Whilst the Austrian emperor throws himself at the feet of the ruler of France--I was almost going to write the arbiter of Europe--Italy and its brave army seem to reject disdainfully the idea of getting Venetia as a gift of a neutral power. There cannot be any doubt as to the feeling in existence since the announcement of the Austrian proposal by the Moniteur being one of astonishment, and even indignation so far as Italy herself is concerned. One hears nothing but expressions of this kind in whatever Italian town he may be, and the Italian army is naturally anxious that she should not be said to relinquish her task when Austrians speak of having beaten her, without proving that she can beat them too. There are high considerations of honour which no soldier or general would ever think of putting aside for humanitarian or political reasons, and with these considerations. the Italian army is fully in accord since the 24th June. The way, too, in which the Kaiser chose to give up the long- contested point, by ignoring Italy and recognising France as a party to the Venetian question, created great indignation amongst the Italians, whose papers declare, one and all, that a fresh insult has been offered to the country. This is the state of public opinion here, and unless the greatest advantages are obtained by a premature armistice and a hurried treaty of peace, it is likely to continue the same, not to the entire security of public order in Italy. As a matter of course, all eyes are turned towards Villa Pallavicini, two miles from here, where the king is to decide upon either accepting or rejecting the French emperor's advice, both of which decisions are fraught with considerable difficulties and no little danger. The king will have sought the advice of his ministers, besides which that of Prussia will have been asked and probably given. The matter may be decided one way or the other in a very short time, or may linger on for days to give time for public anxiety and fears to be allayed and to calm down. In the meantime, it looks as if the king and his generals had made up their mind not to accept the gift. An attack on the Borgoforte tete-de-pont on the right side of the Po, began on 5th at half-past three in the morning, under the immediate direction of General Cialdini. The attacking corps was the Duke of Mignano's. All the day yesterday the gun was heard at Torre Malamberti, as it was also this morning between ten and eleven o'clock. Borgoforte is a fortress on the left side of the Po, throwing a bridge across this river, the right end of which is headed by a strong tete-de-pont, the object of the present attack. This work may be said to belong to the quadrilateral, as it is only an advanced part of the fortress of Mantua, which, resting upon its rear, is connected to Borgoforte by a military road supported on the Mantua side by the Pietolo fortress. The distance between Mantua and Borgoforte is only eleven kilometres.