EUROPE.

On the first of February, England was in a tranquil condition, the anti-Papal agitation having almost entirely subsided. The journals were engaged in discussing law reform, the New-York Revised Code being commended as a model in many quarters. In the Queen's speech at the opening of Parliament—an advance copy having been forwarded to this country—a thorough reform of the Equity courts is recommended, as well as the introduction of an act for the registration of deeds, equally applicable to each of the three kingdoms. Her Majesty alludes in terms of comparative mildness to the Wiseman affair, commending the question to the attention of Parliament. Public opinion is strongly in favor of a large reduction in taxation, and it is anticipated that the window tax will be abolished. The quarterly returns of the revenue have been highly satisfactory, since, notwithstanding the abolition of the tax on bricks and the reduction of the stamp duty, the income exceeds that of the previous year by about £165,000.

The great crystal palace in Hyde Park is rapidly advancing towards its completion. The immense structure is exciting the wonder and admiration of the metropolis, and the opening of the fair is anticipated with great interest. The strength of the building has been amply tested by a severe storm of hail and wind, which passed over without breaking a pane of glass. All quarters of the world are sending specimens of their manufactures and natural productions. South Africa, Australia, and the islands of the sea will be represented, while Cashmere shawls, robes of pearl, and Runjeet Singh's golden saddle, will be sent from India.

The U.S. Mail steamer Atlantic, which sailed from Liverpool on the twenty-eighth of December, arrived in the harbor of Cork on the twenty-second of January, having been at sea twenty-five days. When in lat. 46° 12', lon. 41° 30', about midway between Cape Clear and New-York, her main shaft broke, rendering the engines useless. After running westward two days under sail, a heavy gale arose, when Captain West put her head about, and made for Cork, a distance of 1400 miles, which she made in eleven days. The steamer Cambria was instantly chartered to take her place, but most of her passengers left Liverpool in the Africa, on February 1st. It is stated on the authority of Earl Monteagle, that the British Government have resolved to make Holyhead the port of arrival and departure for the transatlantic mail steamers.

In France, a ministerial revolution has taken place, resulting in widening the breach between President Napoleon and the National Assembly. Several general orders of General Changarnier to the army of Paris having been published in one of the journals, in which he commands the troops to pay no attention to any orders but those of the Lieutenant-General. Changarnier was called upon in the Assembly for explanation. He denied that these instructions were meant to be permanent, but only to be put in force when an emeute was apprehended. His conduct was approved by the Assembly, but Louis Napoleon, who had long regarded Changarnier with fear and jealousy, withdrew from him the command of the army at Paris, which he divided between two or three generals of lower rank. This gave rise to a most excited debate in the National Assembly, in which Lamartine made a speech in the President's defence. Baroche, Minister of the Interior, General Changarnier, M. Thiers, and General Cavaignac followed, the three latter speakers taking strong ground against the ministry. After several days of stormy discussion, the resolution of M. de St. Beuve, that the Assembly "declares that it has no confidence in the ministry," was carried by a majority of 139. The ministers tendered their resignation to the President the same evening. A ministerial interregnum followed, which was terminated on the twenty-fourth of January by a message of the President, appointing a "transition ministry," composed of employées from the different departments, not one of them having a seat in the Assembly. The following is the list, as given in the Moniteur:

Public Instruction	M. Giraud, (de l'Institute.)
Interior	M. Vaisse.
Foreign Affairs	M. Brennier.
War	General Randon.
Marine	Admiral Levaillant.
Commerce	M. Schneider.
Finances	M. de Germiny.
Public Works	M. Magne.
Justice	M. de Royer.

Lamartine, it is stated, was urged by Louis Napoleon to accept an appointment in the ministry, but declined on account of his being bound to furnish his publishers with two volumes a month, under heavy penalties.

The Conference of the German States at Dresden was opened with much ceremony early in January. All the states were represented, but the negotiations were kept profoundly secret. It has transpired, however, that the formation of the new Diet agreed upon gives two votes to Prussia, two to Austria, one each to Bavaria, Saxony, Hanover, and Wurtemberg, and three more portioned among the smaller principalities, making eleven in all. It is also understood that a Provisional Central Power will be proclaimed, Prussia and Austria retaining to themselves exclusively the right of deciding for the Confederation all questions of peace and war.

Austria still labors under financial embarrassments of an almost hopeless character. As a measure of temporary relief, the Government has contracted two loans, one from Russia, of fifty millions of florins, and the other, of one hundred millions, on state obligations, at six per cent. The manufacturers of Austria strongly oppose the proposed compromise of the Zollverein, and advocate a tariff of a decidedly protective character. Great dissatisfaction has been manifested in Hungary, on account of the newly imposed tax on tobacco, which is one of the principal productions of the country. In consequence of this opposition the excise corps has been greatly enlarged, and serious difficulties are apprehended.

The smaller German states are now completely overruled by the Austrian and Prussian troops. The Elector of Hesse Cassel has returned to his Capital, with his Prime Minister, Hassenpflug, under their protection. The Constitution is virtually abolished by their presence, and those who supported it are subjected to the most shameful persecutions. Many of the best citizens are obliged to leave the country. Schleswig Holstein has been 'pacified' in a similar manner. Through the instrumentality of the Austrian and Prussian Commissioners, backed by a military force, the army of Schleswig Holstein has been disbanded, and the country occupied by the troops of Denmark. On the sixteenth of January, the proclamation of the King of Denmark, administering the oath of fidelity to the military, was read in the marketplace of Rendsburg. Hamburgh has been occupied by 4000 Austrian troops.

A treaty of amity and commerce has been concluded with the Swiss Diet, by Mr. Dudley Mann, Diplomatic Agent of the United States. Its provisions are of the most liberal and friendly character. The entire reciprocity and equality of the citizens of both countries, is guaranteed, so far as the right of establishment is concerned; a citizen of the United States being allowed to settle in one of the Swiss Cantons upon the same conditions as a citizen born in another Canton. Entire and unconditional liberty in disposing of property is mutually stipulated, as well as equal taxation of the individuals established, their exemption from military duties, and the grant of indemnity for damages in case of war. The commercial intercourse of the two countries is also arranged upon the most liberal and advantageous basis. Switzerland has remained tranquil, with the exception of a riot in the Canton of Berne, occasioned by the attempted extradition, on the part of the Government, of a Prussian Jew, a noted socialist, residing at St. Imier. This person was very popular among the poor, who resisted the authorities, whereupon the troops were ordered to be in readiness to support them. The Swiss Government has determined to forward a beautiful stone from the Alps, to be placed in the National Monument to Washington.

Italy is still in an unquiet state. There seems to be a growing apprehension and uneasiness among all classes in the Papal States, and it is rumored that Pope Pius, wearied with the anxieties of his situation, wishes to resign the Pontificate, and retire to a Convent.

In Naples, the Government, alarmed by rumors of Mazzini's revolutionary designs, has made many arrests, and instituted a more vigorous police system. All cafes and places of public amusement are strictly watched. The army is to be increased by 18,000 men, and as English opinions are assigned to be dangerous, those Neapolitans who intended to visit the Great Exhibition in London, have been refused their passports.

Austrian Italy is even in a worse condition. Several conspiracies have been discovered, and a large number of arrests made in consequence. A large number of persons have been executed, in the Lombardo-Venetian provinces.

The most interesting news from Spain is that of another resignation of the Ministry. The resignation of General Narvaez was not accepted by the Queen, whereupon that gentleman assembled his colleagues, and commissioned them to inform the Queen that unless she released him at once from his office, he should blow his brains out! This threat had the desired effect, and the following Cabinet was then appointed:

President of the Council and Minister of Finance	Bravo Murillo.
Foreign Office	Bertran de Lys.
Grace and Justice	Gonzales Romero.
Home Department	Arteta.
War	Count Mirasol.
Marine	Bustillos.
Commerce, &c.	Fernandez Negrete.

The project of a revision of the Constitution, which has been so warmly agitated in Sweden, has entirely failed. The proposition of the King has been rejected by two of the four chambers constituting the Legislative Assembly, three being required in its favor, to form a constitutional majority. Sweden will therefore preserve her present system of a separate representation of the nobility, clergy, citizens, and peasants.

In Turkey, the subjection of the rebellious Bosnians was consummated on the seventeenth of December, when Omar Pasha made his triumphal entry into Bosna Serai. The captive Pashas and Cadis marched on foot in the procession. It is rumored that the Porte has at length agreed to accept the offer of the British and American Governments to transport the Hungarian refugees to America, and will order their immediate release. Three hundred Polish refugees, who arrived at Constantinople from Varna, on the thirty-first of December, were to be sent to Liverpool at the expense of the Turkish Government. Two Commissioners, Ismet Pasha and Sami Pasha, have been appointed to travel through Asiatic and European Turkey, for the purpose of noting whether the new reforms in favor of the Christians have been carried out.

There is nothing from Greece, but accounts of the depredations of the robbers which now infest all parts of the country. In the provinces of Acarnania, Levadia and Attica, several villages have been sacked, and the inhabitants put to the torture.