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ITALY. ARMISTICE BETWEEN THE AUSTRIANS AND THE PIEDMONTESE. An armistice for forty-five days has been concluded be- tween the Austrians and the Piedmontese. This intelligence reached Paris by telegraph on Saturday. This cessation of hostilities will give time for the negotiations which England and France have entered into for a mediation. Charles Albert has been welcomed by the Piedmontese with an enthusiasm and joy scarcely justified by his disas- trous retreat and precipitate capitulation. Nor has this en- thusiasm been damped by the accounts received in Turin and the other cities of the Sardinian kingdom, of the cruel- tics inflicted by the German victors upon the unfortunate Milanese. Of those barbarities of the Austrians some conception may be formed from the circumstance that the beautiful faubourg of St. Gothard, forming the richest and most magnificent quarter of the capital, the inhabitants of which had all fled, was delivered up to the ravage and pillage of the soldiery, and completely destroyed. The loss of property in that quarter was said to be fifty millions. The inhabitants who had remained in Milan are represented as standing passively by and witnessing the scene of desolation without either sur- prise or fright. Another account says, that the devastation by fire in the city of Milan and its environs are of terrible extent. The number of Austrians who entered on the 6th was 30,000, another numerous corps being encamped outside its walls. The national guard was dissolved and forbidden to appear in uniform. The journals were suspended, and all popular assemblages interdicted. Arms and ammunition were ordered to be surrendered. The Opinione, of Turin, of the 9th, gives deplorable reports of the pillage and destruction of the most beautiful palaces in Milan, such as those of the Litta, Borroneo, and Greppi.. After plundering these, they were set fire to, but happily they were extinguished before they were destroyed. These reports go on to say that the lowest of the populace, ashamed of the excesses, brought back some of the precious objects to their owners. The Croats were robbing in all directions. They entered the shops in bands of from ten to twenty, seizing and carrying off whatever they wished, telling the owners that Radctzky would pay them. H ippily, these atrocities can only tend to the facilitation of the project for the permanent emancipation of Italy; but, unhappily, it may also result in tremendous vengeance to- wards the Austrians. It was said once by the Emperor Napoleon that whenever an army displays ferocity in its triumphs, that is a sure token that it was all but beaten. A private letter received from Turin, and dated from that city on the 7th inst., says, that I- persons who have escaped from Milan arrive in crowds. They observe that Radetzky had accorded till eight o'clock on Saturday evening for the evacuation of the city by the Piedmontese troops, and the .departure of the inhabitants who might desire to leave. ■ Milan refused the capitulation. The Milanese desired to make the King annul it, and impose an impossible defence on him. But the King did not treat withltadetzky until after having ascertained that all prorogation of the struggle In cl would be fatal. He resisted the Milanese, and for a time became their prisoner. They desired to hold him as a host- age. On his departure more than 60 muskets were fired at him. The people pillaged and burned his equipages. Three davs before Charles Albert, on being pressed by a deputation not to compromise his life and his army by proceeding to a post, which the defence of his own territory rendered im- prudent, replied,—' Honour calls me-it is the only counsel 1 can listen to under these circumstances.' The King is at this moment at Novarc, and is expected this evening at Turin, where he will be received with respect and affection. The monarchical sentiment never showed itself stronger here." The Risorgimento of the 8th publishes the articles of the capitulation of Milan, as follows :—■ 1. The town shall be respected. 2. So far as it depends from his Excellency the Marshal, he promises to have, as to the past, all the considerations that equity requires. 3. The movement of the Sardinian army shall be effected in two days of march, as had already been agreed by the Generals. 4. In return the Marshal demands the military occupation of the Roman Gate, and the entrance and occupation of the towu at noon.. 5. The transport of the sick and wounded shall take place in the tw,) days of the march. G. All these conditions are to receive the acceptation of his Sar- dinian Majesty.. 7 His Excellency the Marshal demands the immediate libera- tion of all the Austrian generals, officers, and functionaries that 'U Signed ^August 5, by the Podesta of Milan, and by the chiefs of sbiff of the two armies. It is said that General Mazzini still keeps the field near Mouza to the north of Milan, with 1-1000 men, and that Generals Griffini and Perron, at the head of 10,000 men, are isolated at Brescia, where they will probably be obliged to surrender as prisoners of war. The defeat of the Piedmon- ts. ;e army is probably the most rapid and the most complete of any recorded in history. Ten days ago, Charles Albert was besieging Mantua aud Verona—to-day he does not com- mand a man in Lombardy. One account says that the armistice between Austria and Italy was effected by the intervention of the representatives of France and England at Turin; another that it was brought about by an aide-de-camp of General Oudinot, sent expressly for the purpose.