On the occasion of the New Year, the Saxon Press has spoken in very optimist language of the state of Europe, as guaranteeing a continuance of peace. The Germans seem to have a belief in the existence of a separate diplomatic faculty, to whose agency they ascribe events due more to the natural evolution of affairs than to the forethought and contrivance of statesmen. Prince Bismarck is credited with the monopoly of this force, with which he regulates at will the European alliances, bringing the continent into an international system controlled by Germany. The feeling that the Reichskanzler has created a German hegemony in Europe, is expressed in the ‘Dresdner Nachrichten’ in some remarks of which the following is the purport.