Newspaper of The New York Herald, March 28, 1855, Page 2

mtker wordt, the policy of war, of mggrutum, and of conquest. The Grani Puke Alexander may h*?? been wiec and jam ; but the Czar is the Czar. As such he is the representative of a nyttsoi. the heir of a policy aa weli aa of a principle, the cuatoJian of a nation's pre judices, passions, ambitionn anil hopes: and part of a irrand machine with which he mir<t work, or be crushed beneath ita wheels It in natural that the Kmprese and people of Russia should striate extend their frontier* t> the tea; it is quite aa natural an<l more ju?t that the ether States of Europe ahou'd <<Kve to proven-. the re alization <>f the project. Between Russia and the re-<t of Europe there in cores ary rind inevituble hostility. Run ma will tsver lose sight ?>f her object. She pursues it in peace no less rigorously, and perhaps more success fuily than in war. Patient, perfidious and persevering, ibr i,real object la never absent from the min i and coun cils ot ber Czars; and Kurope nan not, awl cannot have, an/ real security against their aggression, other than the Beeucity winch can be ended at the cannon's mouth Had the proclamation of the new Czar been more paciflo, the policy of the allies ought to have b?eu exactly the same an it ciuat now be, wlun ha uu sound ed the war-trumpet, Mlffoietied the world by hurling in <? its face the significant names of Much sovereigns an Peter and Catherine the Great. Kurope thus koows what it hus to expect. To the fears, and not to the senae of justice, of the Czars, must the appeal be made. Treaties do net bisdtbem; considerations of honor nod humanity have no place in tholr oounoila. Whenever lire moment arrives when a portion of Turkish or any ?ther territory can be atolen or conquered, they are pre pared to strike. We believe, for many reasons, that the death of the late Czar is a calamity; and that the un wise politicians and sovereigns of Germany ? aided, per haps, by the timid, the ignorant and the selfish nearer home ? may endeavor, in consequence, to bring the pre sent war to a premature conclusion, by patching op a precarious and dishonorable peace. Bat even Manches ter itself, an well as Vienna and Berlin, may be assured that a peace hastily male, without a ''material guar antee"? without the capture of Hobastopol ? and with out the payment by Russia of the whole expenses of the present war, woald be a ,>eace that would not last a mo Bent beyond the time when it might suit the whim or the policy of Rusaia to break it. So far from believing "that nothing is changed" by the death of Nicholas, we keheve that the position of Kurope has been rendered still more perilous by the event. Tbere is only one oon tncy txat would improve it, and that is the absolute unconditional surrender of the new Emperor. Union ? and ul til? that event happens, the policy of the Allies should be war with redoubled energy? war In the Baltic and in the Black Sea ? war on every tide of the Russian dominion a. [From the London Times, Marsh 9.] We are not. accustomned to attach undue importance to the formal ceremonies and observances of foreign courts in the defferent occurrences of their monotonous eixisteacs. The acta prompted by those occasions are commonly to be regarded as mere demonstrations of eourtesy and good breeding, which are not misplaced in the secioty of kings; and the language employed in pub lic manifestoes and declarations is quite as often used to nrnceal the thoughts of their authors as to express them. The marks of condolence and sympathy shown by the German sovereigns to the imperial family of Russia, on the sadden death of the late Emperor, have, therefore, in eur opinion, but a very .slight connection with the political transactions in which the intercuts of Europe are at this time engaged: and, on the other band, the tone of the manifesto of the Emperor Alexander on his accession to the throne proves very little us to the eourae of policy he may really intend to pursue. Hs announces his determination to regard the welfare of hin empire, including l'olaud and Finland, an " insep arable from It;" and he promises to maintain this empire ??one and indivisible" at the highest standard of poirer and glory, and to accomplish iu his own person the in eesaant wishes of Feter, Catherine, Alexander and Nicho las. As the address cf a young sovereign who has just ascendtd the throne, and who' e Srst object is to con ciliate the affection and respect of hia people, thin de claration is perfectly natural; and a prince suspected of moderation is, perhaps, more tempted to resort to such expressions than one who has already established a re Kiation for vehement and ondiscrlminating patiiotiam. t, U auch terms were seriously addressed to Europe, tbey would be f xtremely ridiculous, for an empire can not be said to be at the highest standard of power and nwhen its porta are blockaded, its navy compelled appear from every sea, its troops defeated in every encounter with the eu?my, and a large portion of one of its provinces occupied by an invading army. Still less can tbe young Emperor boast, with any sem blance of reason, that he is about to accomplish in his own person the schemes ol' i'eter, Catherine, Alexander, and bis own father, if by that expression is meant the ?vrrthrovof the Ottoman empire, and the establish ment of an empire and a church of tbe East under the protection of the Ruieitn Czars. Never was there a mom* nt when such a scheme seemed lens practicable, since all the great Powers are actually bound by treaty and prepare! tn arms to resist and to defeat It; and the meie avowal cf a deliberate intention to give effect to the aggressive designs of the Russian sovereigns would be a dirt ct challenge to the r?st of Europe. It is s:arcely possible to imagine that the Court of St. Petersburg would have held such language if it bad intended to act upon it abroad, and the greater probability appears to as to be tbat these expressions wero dictated by tbe ne cessity of humoring the passions of a powerful and po pular perty in the Russian empire. It may, however, be inferred from the tone of this address, that war rather than peace animates with its spirit the Russian nst on. So far as we are acquainted with the manifesto ? tbe whole text of which has not yet reached us? It contains no allusion to tbe hoped-for termination of the present contest ; but, it it could be supposed that the Emperor Alexander II. means to par eae the objects which have already embroiled his prede cessor with the greater part of Europe, he would ica?eely have taker thin moc'e of declaring such an intention. When, about twentv nine years ago, his fattier, the late ?'r?r, mounted the throne, alter a short interregnum a sanguinary revolt of the army in the capital, Mhtiolaa declared to his people, in aimilar but in milder language, that ? lie should live solely for hin people ; that he nhonld reign as Alexander, of blossed memory, had reiitned, in order to accomplish all that lie had aitimd for the happiness of Ratios ; and, following Ids example, ho hoped to obtain the (Jesting ot God and the love of the people. Such was the prelude to the reign of the most stern, mlt-willed, and absolute monaroh who ever held the Russian sceptre, who mounted the tbrone amid the com motion of revolt, und who ended it in the convulsion of wer. No stronger proof could be produced of the worth teesneaa of such manifestoes for sny practical purpose; a?d we ckeriah a hope tbat tbe sIT-cted violence of the ooe may be as insincere as the affected moderation of the etber. It nay, however, be doubted whether any Russian sovereign has either tbe will or the power ot peroia aently resisting or suspending hy any act of his own that traditional tolicy which dates from the founders of the empire, and morn especially from Peter and from Cathe rine II. The Emperor Alexander I. sometimes dis avowed it, and ev?n coquetted with the liberal in stitutions and opinions of Western Europe ; but he allied himself with Napoleon at Tilsit to ?btsin the Danubian provinces, and be availed himself of his sscendancy in 1816 to carry his frontier beyond tbe Vistula. Yet, in writiug confidentially to Lord f astlsreagh in 18'22, Alexauder npose of himself as the ee! y Kunsian wlio resisted tbe views of his subjects ap<u Tnrkey, and of the loi>a of popularity he sustained by thie antagonism. In like manner tbe Emperor Nicho las. duriog a great part of bis reign, affected to have de sisted from tb? aggreseivs policy of Russia. In ooe of his conversations with Sir Hamilton Seymour, in 1853, he said ? Yoo know tbe <lream? and plans in whiah the Empress Catherine wa? in the baliit of indulpin? ; these were handed 4ewn tu onr time; bnt while 1 inherited immense territorial pos esslona. I did not inherit tboae vliioni, those intentions, if you like to eall them no. Yet at that moment, an subsequent events hare ebtwn, 1m tu entering upou a course of poller wholly at variance witb these declaration*, a* if the restraint he bad hitherto placed upon the traditional policy of the Russian empire hud become too irksome to bo borne, and a? if be were fatally impelled into a course of action vhich be followed ?v?n to tbe b>ss of hi* honour -tnd hi < Hie. With thes* striking examples liefore UK on t he part of two ii*e Emptror* who professed rather to hoiil an auHifeur-e than to promote the aggressive traditions or Hankie, it become* a matter of grave consideration lor the rent of Europe whether any reliance can be placed ?ra any ae*urances tho Court of Ht. PeU-rsbu-g may i(iw on thia aubject: and the announcement by the pre ?ent Emperor of hit resolution to accomplish tho-a de ?ig?i? which his predecssaors had more or leas secretly en tertained, certainly does impose on the Allied Power* both tbe duty and the right to require from Ru<?ia positive and effectual securities against tbe prote-sution of achemei fatal to tbe peace of Europe. We prexume tfcat the very first efforts of the plenipotentiaries at Vienna will be directed to the object of eliciting as far a* poarible from the Itusaian envoys the r?al polcy of the new reign, and. in the critical position in which all the other l'owi ra now stand tnvarda Riiasia, all im biguity on this point must speedily be removed. There in, en the one baud, the common interest and the com mon policy of Europe bound to oppose all violent aft* gressions, to defend rljrht*, to uphold law, and this poll y ba< recently received theevprmx sanction of toe treaties framed between tbe several allied Power* There in. on the otbei hand, the aepaiate interest and the p? cuHar system of the Kusaian empire? hostile, arbitrary, lawless and uncontrolled, except hy the forces arrayel against it. Tbe former system is defended by the power of all the most et.-ilir.ed States m tie world ; the latter suinnicnse* the fanatical ?lt and tbe barbarian hordes of lt? population to conflict. and it may be tnat the Kmperor himself la hat the inetrumcat of the passions to wni 'h his father mi rashly and wickedly appealed. Hut. he thia as It may, bis choice ranit be made and hia option declared ?it is peace with Europe or aar against It, for the traditional policy of Rusaia cannot be pursued without a mortal etruggie against the wboie power of civilisation and In dependence which remains in tbe world. [From tbe Paris Pnya, March <4 1 According to thia veraion. Alexander II hn* declared that be will follow, with filial resoeet, tbe grnnd policy of hie father, in wlii-li he has been for several yean in itialed. Theitoneof thiaMocnment will, no douht, des troy some illnsiin. but it will not surprise retl?:t.n< men. Could it be serioualy imagine i that the t'xar Alexander would inaugurate hi* reign by n pacific de claration, which would have been a humiliation for hi* army and his ipeople, and an Insult to the memory of h.s falter'' The new sovereign had no other language to employ than that aacribed to him ? no other line of T oBcy to follow than that opened by the conference* o( It i* in this point of view that he appear* to hava frankly placed himself, since one lor hi* first act* has been to confirm the power* of Prince <Isrtschakotf, wed to renew tbe acceptation of the basis of negotlat on previously admitted, Public opinion baa, however, re garde' the secession of Alexander II. as an eveot favo rable to the re-e*teblishment of pease in Europe. There mar be aotae truth In thia universal imnreaalon. It in i*t not be forgotten, however, that the i.'xar nas the m.litary honor of his empire to support, tbe national ? pint to latiefy, and rdigiiue passion* to restrain. No do ii bt the personal character or Alexander II . hi* mo le ration, and hi* lympathetic appreciation of European in u re?.H, open an additional ehance to pacific aolatioM; but tk??e dispoeition*. with regard to wblch we have eoly v?ry vague OOHena, can only manifest theimelve < at beir One time and when the cana^n of the Waek Sea iave sfotfo. It ij to ha maarkM, however, that J the relations of Prima with Rustla are now modi fled ? >i the new Czar is a man mill yo tag, who eannot eaer cife on the lung Frederick William. hit uncle, the lime aicendatcyaa the Emperor Nicholas. [From Galignani's Mesa* Ujfer, Mareh 6. J The A. semtUc .Yu.'i onaU, which kt first seemed tbe moat strongly i belt bed of all the Para journals to oe iiev. that p?ac? was likely to follow now the death of tlio Emp-ior Nicholas, hn ? now modified ite Opinion very materially, and seems to think torn the r.-aaomui? of tbe London pi.es on trie anhject is tteeMNt one. Our con temporary has apparently boon shaken ia it* faith ia P'. jice by the language manifesto issned by Alexander 11. But in considering that document, due alloxance should be made lor tbe wry peculiar position in whico the new Fmperor of Russia it* placed. It can* not lie expected that, almost on the very day on whijh ihe at'gel of .leatb has awept over the Imperial pal.ii* of St. Petersburg, he shou.d oiler to the world the spectacle ol ^a eon departing from the line of conduct pursued by the father, and of letting him self up as tin public upholder of diametrically op pom te vie we, before the obsequies of the deceased monarch had taken place. Were he to do so, the Rus sian nation would moat probably be shocked and dil apidated, ana tbe world in general would exclaim against conduct alike at variance wi-.h tilial piety and good taste. It ia not the firat political acta of Alexander 11., wo conceive, that ouqbt to he too narrowly scanned. Tii/iemust be allowed him to recover from the Urtt ter rible shock which tbe unexpected death of the Emperor Nicholas baa naturally cauaed him. Until then, wear* of opinion, tbe new Czar's public document* must not be weighed too rigorously. The Auemblee scarcely takes thia view of the question, but allows itself to be influ enced in its view of tbe question of peace or war by the declaration! mode in the manifesto, as is evident from tbe allusion trade to it In the following extract from a rather lengthy article which it publishes on the non pacific views expreased in the English papers:? The Emperor Alexander II. states that he aball regulate bis conduct l>y tbe laet act of bia father. Faitbtul to tbe concussions already made, be docs not appear diapoaed to inaku new ones, 11, therefore, as tlie English journals de clare, tbe conditions of peace decided on at Londou aud Pa ris uiuet nut undergo any modification, we are obliged to Ofree with them that the state of thing! haa not changed, and that the hopea which were manifeatcd in ao strong and ao general a manner at the newe of tbe death of the Emperor Nicholas, not only in Paris but In London, aud throughout all Europe, were premature. Before wo can foresee the end of the sccrlflcea and of the effuaion of bUEw, there atill re main a to be solved tbe question buforo which negotiators are compelled to atop, and whlobforoe alone can decide? namely, the taking of Sevastopol. For a moment, we thought that the disappearance of the aoveroign who, ty bia arrogant atti tude, had rendered tbe war necessary, might have other conieuuencea, and we founded our hopes on the language of the English journals, and on the tcrma in which the death of the Emperor of Russia waa announced in the llonae of I.ords by Lord Clarendon. The Secretary of Statu lor Foreign Affairs represented it. in fact, as an event whioli inixht "exercise a great and Immediate influ ence on the war, and on the negotiations commenced for the re establishment of peace." How can we reooneilo these ex preasiena of "great and immediate influence," with the reaolution come to not to change anything in the conditions provieualy dccidtd on ? Did Lord Clarendon only mean to spetk of ibe paeiflc ilisposi'Jtns of tbo new aoveroign? It nevertheless appeira io ua very difficult to admit that Iler Britaniu Majesty 'a Secretary of Statu for Foreign Affairs could have expected from the Emperor Alexander II, any thing bat the confirmations of tbo concessions already made by bia father. How eould it ho supposed that a young sovereign would inaugurate hla reisn by aending an order to the garrison of Sehaatopol to destroy the ramparts whioh It baa defended for abe last aix monthaV To destroy its own fortresses is always the moat cruel of humiliations fur a State, and certainly could not he expected in this case. In u word, if pcnco cannot be codcluded but st the price of the voluntary demolition or the taking ol Sevastopol, the Eng lish journals are right in saying that we must not calculate on a speedy peace; aud we must, on the contrary, prepare ourselves for a fresh campaign, aud look resolutely for tbe sacrifices which it will require. [From Berlin letter of March 4-] Things are not seen in sach a favorable light as at the first moment; it in not now believed that the new Em peror will make new concessions. The failure of the negotiators of General de Wedel and the exclusion of Prussia from the conferences, which is the consequence of it, produce u had impression. The King personally clings more closely than ever to his point of view, for he considers the last words of the Emperor Nicholas as a sacred obligation imposed on him. A* to the Western Powers, as they are looking war on Russia and not on the Emperor cf Russia, it is not thought that they will modify their policy or their pretensions in the slightest degree. THE WAR. TROUBLE BETWEEN ENGLAND AND FRANCE. MB. ROEBUCK'S COMMITTEE AND THE ALLIANCE OK KItANCE AND ENGLAND? NAPOLEON'S OPPOSITION TO TBE COMMITTEE. The following editorial paragraph from the London Morning Herald , (ministerial paper,) is considered to give the clue to a hasty visit made, on the 3d inat., by the Farl of Clartndon to the Emperor Napoleon at Bou logne: ? We have excellent authority for stating that the French Emperor has remonstrated against the committee for enquiring into the conduct of the war. and that he ha* said that, in the event of the committee continuing to sit, the armies of the two nations cannot act together, althongh they may act for the same object. In order, therefore, to satisfy Louis Napoleon, without affronting the Fngllah people, a dissolution of Parliament will, it is stated on the authority we have alluded to, take place almost Immediately. Whether or not the matter referred to la the above paragraph was the subject of conference, the Earl of Clar.ndon, accompanied only, by his private secretary, went over, on Saturday, the 3d Instant, by express steamer to Boulogne, Lord Cowley, British Minister at Paris, having been telegraphed to meet him, and both had u long private Interview with the Emperor. Next morning Lord Clarendon returned to Dover, and took special train for London. INTERVIEW BETWEEN LORD CLARENDON AND THE BMPEKOK OF KKANGK. [Paris Correspondence ol the London News.] Paris, March 6, 18S6. There can bs no doubt that at tbe Boulogne conference, conrened on the sudden in consequence of the Czar's death, matters of the gravest import, requiring instant decision, were treated of. Ho solemn an International meeting was never before, since the world began, held at ao short a notice. Ihe news that Nicholas waa no more, retched the two govt i omenta on Friday afternoon, and on Saturday, in the day time, Napaleon 111 , Lord Cowley, (representing Queen Victoria,) and the French and English Mintsters of Foreign Attain, met together to consider what oourse was to be taken under circumstances wholly unexpected. I have received no revelations of wbat passed at this ? great consultation, but 1 can mention one important question which must necessarily have been discussed, and can oiler a not very hazardous conjecture of the so. lution it met with. Immediately after the death of the Emperor NicholM. tbe Austrian and Prussian ambassadors in Paris and London, bring Instructed by telegraph, represented that the situntiou being now so completely changed, It waa highly desirable not to press on tbe war, but to give the new Emperor of Russia time to establish himielf firmly on the to* one, and to encourage by conciliatory conduct the devt lopement of his presumed peaceable Inclinations. I cannot say whether an armistice was in tarm* asked for, but this much La not doubtful, that the (lerman Powers recommenced that the statin quo should be pre served as nearly as possible, and deprecate any aasault upon ^ebaatopol until the Emperor Alexander shall have had an opportunity of negotiating. ? Very pressing representations in this spirit were made repeatedly on faturda# morning, both in Paris and l?ndon. I hop* and believe that I am no*, mis taken in expressing a decided opinion that this attempt of the (iermsn courts to persuade the Western Pow ers to lose preciou* tir.,? on the specious pretext of an unlooked-for opportunity to make peace, has oot suc ceeded 1 repeat, that I have no precise information on a subject, which, in all probability, ia yet a^ secret confined to tbe two governments, but from the general ton* of conversation in official circles to day, I have no doubt tbat the real mot d'ordre ia that given in the Emperor's private letter, to which 1 alluded yesterday, " nothing Is changed," ami 'hn*. the course dictated by the manifest duty and interest of the two countries? namely, to push on ibe war with redoubled vigor, and ao take advantage of any confusion In the enemy's councils which the re cent evers may perchance produce, is the oourse decid ed upon by the Boulogne conference. TREASON AT 8EBA8TOPOL. A FRKNCII OKMCRAI. CHAR0ED WITH DITULOINO SB CKKT8 TO THK RNICM7. Iticre haii b?en, ft 1* allege J, trcamn in the allied ramp befoie Febnatopol, and a French genera! ia Mid to have Hotel no tndfucreetly that he la Kent home to be a hot. Ihia Hound* atartling, bat la, nevrrthele**, vouched for aa true. The correspondent of the Daily Am i in the Crimea, make* the following allusion to the traltorou* proceeding* ? " Tbe laet four day*," he *nye, " hare {.moused ?o TirtreMing ammo.- that, fnr obriou* ri-atcnn 1 can only l.int at tte circumiitancei of the ?ub ject. It in wbiapered that an ofllecer high In cooatn 1 in the French army, hai been accueed of trenaonable oorreapowlence with the ? a- my . that b? ha* been proved to have fnrniabed the Ru**'*n* wth the exact plan* of the *lege wcrkii in progre** ther.iby ouablng them to ?Jeatroy theae worka by mine*, that (i?n?i*l Canro bert I)** can led the *ai<l offiter to be arreatM and tried br court martial. While I mention the rumor, I mult >ay that nothing appear* to be more improbable than it* authenticity. A* yet, not a ilDgle French officer ha* ?ol in.eere.1 to give In formation on tbe *ubject, an. I tb*t aubject, you mutt b<> aware, i* tro delicate for inquiry. We leaat of aH ?bould tlno\r a doubt on the loyalty, or *p>rt with the reputation, of any of our alUe*. If ao ili*tre?afag an occuinnrc lia* taken place, it wilt (how In Uen Can. robert'e deai af.hea, but for the pre?"<it I diaajaa tn? aubiect. while recording my utter d'lbalwf of the truth ot tbe alleged fact* " Other correepon'lenU, however, <li-o|.??e, without re aerte tbe name of the officer who, it i* laid, ha* no far '? 'alien from hf* high eitale," and <> <neral Forey ia charged with being the renegade whohaa broken through the law* of honor and compatriotiam The Pari* correa^ondent of t i* I.ondnn fin'i ata'ol , that (!?ner.?l Forey ha* boen recalled , and the following i extract from ? letter written by a gentleman of thia town, with whom we ara aequtinted, give* <the reaaoa why, ' if hi* Information may be fully relied u,>ou ? Hai.aki.ata, Feb. 21, IM. The na??i?* are fin* ihoid. Tho Kiifllah ma le a d'-mm ?tratioe, and. *? yi.t\ mltht auppo**, after atartiaf; to nail tbe Ku?-ian?. wrre 4o?a. tha game hartn; flown A full account i* aent home. ao that jr.,u will ka?w all abnnt it be fore tl l? reachea you With rrapeet to the hatt*ry depart ment, all la quiet. Ue?a>i<>nal t..n h*? between the Krench *nd tb* enemy, which r?*ult in l>.?? on both aidea, with.nl mi real ad?an?**t?, eerveto ci?* anme roaain. while dally information that I Iprandi Int.nU storming Italsklava. or reriahing la tbe attempt, keep* ?p th* ?ieitement among theahip|lnr. Our people ha*e too manr lhin?? eat her* now. The half of the winter elnthini might he arnt h*me, and ditto with tbe hut*, aa tbry will not he pnt up at preaeat The moat of tbe wood i?l> in* on th* <iuay or there, and make* ?api tal landln* plaoee tor harlay, Ac. Th* new innaket* are Icing lamed, aad am?aaiti?a ia la-ga qu?*Utfe*. 5. t ?j> 19 j ?11 the regimeats, so thai when a iUrt ia mad* it will b? ? pood one. Geasnl Forty, of th? French army, hai been giving infor mation to the KufMau", and will bo ahot, or perhapa ex tihlUd to tbe gaiu of wondering folka, thai au;Ii a thiug is i>?ilil? aa a traitor. It ia hopoU none may be fiuntl iu the ngU?). cani|>. I am in a trein?nd >ua hurry, a? we aail for aoae plate in tli? Cull of Ilurgoa to morrow, ?<<!. and have a pood quantity of gold on board to pay for the uattle, if auy can be not The following > the London lima version of thi* ?? traordirary alliir: ? ''General Forey '? return to France is am ounced. Thin utlicer commanded the corp* em ployed at the siege before the arrival of General l'elissier Iroin Africa, and it it rumored that he has fallen into diagroce. To him ia attributed, justly or otherwise, the failure of the bold coup de main attempted by General i'e Lourtnel, and io which the latter loat hia life. There U now in Paris an officer who states that he was one of the number who actually entered Sebaatopol on that oc casion." The gallant effort referred to waa made on the gloriou* though terrible day o( Inkermann, when the French, in repuls ?g a sortie, followed the retreating Russians into th? town. General Forey in therefore, if what in stated ii true, U chargeable with cowardice in not maintaining the advantage he liad gained, for, It ia presumed that, if he bad done ?o, Sebastopol would that day have fallen, and he would have been the greatest man of the cam paign. If he threw away then the chance fortune had thruat into bin hand* am! sacrificed himtelf, and, for the tim*, the allied army, such a man deserves the severest punishment; for, bad t'ebastopol been occupied on tbe bth of November, 20,0(10 brave English and French sol diers would not have sickened and died, from starvation and ciseaae, on the barren hills before that beleaguered city. we cannot believe it is true, at least we hope it Is not; but we have given the authority for tbe statement* which point to an adverse conclusion THE BATTLE OP EUPATORIA. OMEK rAOUA'8 DESPATCHES. [From the tandcn Timet), March 10.] The despatch in which Omer Pojho gives on account to Ixrd R >ttlan of the battle fought by the Turkish troop* at Eupitoria, on the 17th of February, ia remark able for ita lorte, precisitn and completeness Perhaps it is eosier for those who, like ourselves, have to com ment on these occurrences, to pass a correct judgment on the style of a military commander than on his stro^ tin and his tactics; but to a piaotised eye the style of a despatch is as characteristic as the physiognomy of its writer. We naturally infer confusion of ideas, irresolu tion or neglect, from a slipshod letter, which leaves half that we want to know untold; but a commander who knows what he ie about goes straight to the e?eotoal point br ngs the whole state of affair* presently beiore the reader, and embrace* in a few compre hensive sentence* every detail which it 1* useful to learn That i* the reason that the Commentaries of Casar or the despatches of the Duke of Wellington bear the stamp of their military genius; and, without pre tending to compare the Turkish Muschir with those makers of the art of war, hi* account of the operations of his army contrast* very favorably with tho?e of the official communications we read from the Crimea Our own correspondent's letter of the 18th of February, which has now ccme to hand, complete* the picture of this action, which is undoubtedly one of the most brilliant achievements of the war. a .... The Russian Generals in the Crimea, finding that larte reinforcements coitinued to reach Omer 1 oshos army at Eupatoria, and that the field work* round the place were speedily assuming a more complete cha racter of defence, appear to have resolved that an attack oa the position could no longer be delayed, if any attempt w?s to be made to dislodge the Turkish orn y which lias established itself on their Bank. The troops Intended for thl* enterprl?e were withdrawn from the camp before Bebastrpol about the 12th of Feb ruary. and, being joined by reinforcement* both from Elmpheropol anu from Perekop, they advanced on the 16th agoiDtt Eupatoria. lb* force of thl* cor pi is estimated at 30, COO men, including a large division of cavalry and 80 field gun*, among which were some 32 pounder*, for the Ru**ians appear, in thl* and on other occations, to have the means of bringing pieces of artil lery into the field far ex eeding in calibre the gun* used In any other army. In this instance, however, the fire of their heavy guns was successfully opposed by that or our Bhlps and gunboats, and the Turkish field artillery Ilk. wise displayed the utmost Urmne** and skill. Tne town of Euputoria Is built upon u crescent shaped bay; the coaat on the east of the town run* along a narrow bank of shingle, which divide* an extensive *alt lake from the sea, and this lake protect* the plaee from a direct attack on that side. The enemy, there fore, advanced from the north, and the precise direction of their attack remained for some time uncertain. The Russian soldier* hid suffered severely on their march, for the country was almost impassable, and the weather inclement; the bagger* of the army was said to be sixty versts in the rear, and the men had 1o carry provisions for six days. The action commenced before daybreak with a heavy cannonade, in which the vestel* of the allies on both sides of the town took an effective share. After *ome hesitation as to the mole of attack, the Rasttan* at length advanced with plank* and ladder*, supported by a heavy fire of skirmishers, to storm the works on the right of the position. This attempt was repeated twice, or, as Omer Pasha says, three times, and as often re pelled by the steady fire of the Turkish infantry In the works, while the French and English marine artillery did great execution on the Russian batteries. Although General Liprandl appear* to have commanded on thl* occasion, and it i* not improbable that Print* Menchikoff we* in the car rinse which wo* seen among the Kuss an cavalry, the attack was not eonducted with great eklU or Im petuosity, and all the honor of the day rest* on the side of the allied forces, but more especially with the troop* of Omer Paiha. The Russians retreated In good order, and there was neither cavalry nor horse artillery to Sursue them; but subsequent uccounts have shown iat they suffered frightfully from the cold on the nights succeeding the battle, anl probably Io*t more men by the rigor of the climate than they had done by the fire of the enemy. . On several account* the battle of Eupatoria will de *erve to be remembered with peculiar lntereet in the annals of thl* war. The choice of the position itself was one of the most judicious act* of tue allied Generals when they landed in the Crimea, and a few months have sufficed to render it capable cf resisting the attacks of a Russian army. Ibe examples of Kalafat and Lu patorlu are Instructive, and we may add demonstra tive. proof* of the value of the modern theory of held fortification, and of the rapidity with which a well combined *y?tem of earthwork* may render a position impregnable. At s"ebo*topol *lmiiar measure* have been taken to oppose the progres* of the siege; at Kalafat and Eupatoria they have been successfully em ployed against the Russians. But all these instances prove that the old theorv of the superiority of attack over defence is materially shaken, for In every instance in which a plaee has been attacked during the present war the advantage has been on the side of it* defender*, lhat is a result which the old system of fortification never attained, and it U worth while to Inquire, espe cially with a view to the defence of our own country, by what means It has been accomplished, for they are, as we have seen, simple, expeditious, and economical. The defeat of the Russians at Eupatoria was the last event In the life of the Emjieror Nlchulos. When the news of It arrived at 8t. Petersburg, he wo* already stricken by the disorder which soon afterwards proved fatal to him, and It probably aggravated the anxiety and irritation which were the moral cause of his death. No doubt the attempt on Eupatoria we* an enterprise whljh the Russian officer* in the Crimea had been ordered to un dertake at the earliest *oseible moment that the season enabled them to move any part of the army. It failed, like every other undertaking of th# Ruiiinna in tnie war; for, by a singular concourse of event*, not oae offensive operatlen of their forces in Europe has su; ceeded, from the battle of Oltenltzo to the present hour. The humiliation aud the sting of defeat to the late Cxar Nicholas must, however, have been gTeatty increased when he learnt that hi* forces had I again been driven back by the Turklih troopa, and that the armies of the "sick man'' unler Omer Pactia recover all their energy every time they are opposed to the Russian legions. The failure of the attack on Eupotono was, ?f course, dissembled, a.< usual. In the Russian bulletins; but the Kmpsror him self probably knew the truth he was aware of the ex treme Importance of Eupatoria to any army cotton Un* for the possession of the Crimea, and he doubtless fore *aw the Injurious result* of thl* dl?a*ter upon the opera tiens of the ensuing campaign. The last incident of his life was, therclore, the defeat of a Russian army de fending his own territory by a Turkl?h ?my which hsd successfully invaded it. A more complete reversal of those haughty de-ignt and confident expectations with which tois war was begun by Nichohis, it is impoisiMe to conceive. He lived long enough to witness and to endure an amount of retribution he probaoly thought Impossible but a lew months before, although the tomb has closed over his ambitions and his errors before the foil of Bebostopol crowns by It* great catastrophe his sinister career. Tim hupsian Acoon?r. I (From the Invalids Russe.] We knew by the report of Prince Menech'kofTs a'.de ( de camp, of the 12th, that on the Sd the T.irki-h troop* disembarked at Eupatoria had male an ollensive move ment upon the village of iJokl, in numbers of more than 10,000. In order to assnre himself ef the exict amount of the enemy'* forces In occupation cf Kipo'.or.o, ond to ascertain if there was not a possibility of ex ?.?eii ng them, l'rino* llensehikoff ordered lieutenant <ien?r?l ChrulefT to execute, on the 17th, a strong reconnAin* snn? upon that town with a party of troop* stationed in the vicinity. The troops destined for this operation approached Ku patorio within the distant of 2M yards, and <p?oed o cross fire of artillery upon the place. The enemy responded with o lively connonode from the fortifications which surrounded tbe city; neverthe less, the sctien of our artillery was so happily eieiuted that In a few sesonds five amu-.unitio.i wa<one belong og to ihe Turks were blown up, and several piece* of cannon dismounted. . , ... . ? I'arrted away by thl* success, the 3-1 and 4th bit aliens of tbe regiment of the <tr.olf Infantry, th? battalion of (ireek Volunteer*, and the three sotnias of the regiment \'o M of t'ossarks of the Hon J. .I-rolf, got nearer <o the town, and, profiting by the sheiter alilch the locsli ty offered. cotr.meiK-ed a smart fusila le with the enemy nevertheless, Cieneral Chruleff, being assure ! that the town contained m arly forty thousand troops with one liundre.l pieces of artillery, and that furtl.er effort on our part pron.ieed no reeult, gave ordera to the troops ? > r?tir*. This difficult meveinent was execu-.?4 with re markable order. i hi r loss In this affair amount* to naar.y Si n men killed or wonnded. Ihe loss of the enemy was in all pro b.h.llty much greater, for his t, oops, pwt npln norrow streets, remained far a long time exp^ed to the terrible fire of our aitillery, the projectile! of which had clear tange of the entire town. ^ THE PEACE NF/iOTlATION*. TH? IHSTM-CT10H1" TO Til* OMBAReADORJ? HCTT11IO Of Till CONFRMNCB. [Vienna letter, (March 8,) In Paris flonetitiitionneL ] Baron de Bourqneney, It I* known, received nearly a week back hi* full pow r* for the Conference* about to onen Ihe Emperor Napoleon has not conjoined with bi^ .n; pther pWui'iwtwUAiy. Awtri.Mrf Ore* Bri- I tain bad, however, ei pressed the de*ir? to hare one n* med, if only M a matter of form, inasmuch an the other great Power* were to be represented in the Con gress each by two plenipotentiaries. Bui u soon as it was understood how flattering such an exception was for Barm ?'e Bo.irqu'-ney, and that it was mad* by the ex pr*s? order of his sovereign, every one hastened to ap plaud it. The instructions which accompany the powe rs sent to Baron d? Bonrqueney are, it iss'atsd from Paris, precisely tbe fame as those of Lord John Russell. The cabinets of France and England have desired to prove thereby onoe more their perfejt understanding in every thing that concerns the arrangements for peace, no. only us regards principles, but also as to questions of detiif. These instructions are, it is said, very simple. Tuey leave to the conscientious appreciation of the French and English plenipotentiaries to ascertain and decide whether or cot Russia is animated wi'.h the sincere ?ie tire to effect an honorable and solid peace. !t is not necessary to state that the protocol of the 28th Decem ber last, setting forth tbe interpretation of the Four Guaranteed, is to nerve as a touchstone for ascertain ing tbe sincerity of the pacific protestations of Hub tia. If tbe plenipotentiaries ot the Western Pow ers acquire tbe conviction that Russian diplo macy deaires to elude the guarantee exacted by the allies, of the 2d December, tbey are to cut abort an idle discussion and declare the negotiations cloned. It was this second alternative, which, before the death of the Emperor Nicholas appeared tbe most probable, ta which Lord l'almerston recently alluded, when he sail in tne Bouse of Commons vbat the absence of Lord John Rus sell would not be of long duration. The Cabinet of Her* lin having neither adhered to tta treaty of 2d December, nor even accepted the protocol of 28th December, as proposed by the Cabinet of the Tuiieries, to prepsre the way for its entrance into tbe Congress, the instruction* ol the English and French plenipotentiaries set forth that ''the Conference shall open apart from and without the co-operation of Prussia," France and England be ing firmly rsaelved not to accord to that Power any par ticipation in tbe settlement of peace, "until it shall have placed itself, with respect to tbe four guarantees, on the same line as the parties to the treaty of alliance 01 the 2d December." Tills declaration was. It is said, made to General Wedell, by order of tbe Emperor of the French, in sueh peremptory terjis that the General deemed it indifpentable to go to Berlin to inform King Frederick William of the veritable state of things. [From the London News, March 10.1 The negotiations have begun at last. Lord John Rus sell arrived at Vienna on Sunday evening, and the first conference of the ambassadors took place on Tuesday. The subject discussed is said to have b9en the precise meaning of "the third of the guarantee points." Ai regarcs the result of their discnsilon the telegraph is silent. The discussions and the resolutions which may now be taken will determine whether we are to regard the yonng Emperor of Russia aa the antagonist of Eu rope, the assailant of the Ottoman Empire, and tho dis turber of the public peace, isolated from almost every other State, and unsupported by a single declared ally ; or whether tbe Cabinet of St. I'eteisburg will seize this opportunity to bury its hostilities in the tomb whi-li is not yet cloned, and to renew on equitable terns those pacific relations with the rest of Europe without which no Empire can be prosperous or secure. The German Journal of Frankfort has a letter from Vienna, which states that Lord John Rusaell and M. de Bourqueney have agreed upon an identic memorandum to be submitted to the Vienna Conference on the pirt of England and France. The interpretation of the third point is isdieated as distinctly including the transforma tion of Sebtstopol into a simple commercial port? the fortresses thereof being destroyed. The proceedings of the conlerence are to be circumscribed within fifteen days; within which period the Russian Envoy must give in his reply to the proposition of the allies. THE SARDINIAN MANIFESTO. Tlie PiedmonUtt Gasetlt, in an extraordinary number of March 4, publishes the following manifesto of the go vernment of his Majesty the King of Sardinia, Victor Emmanuel II., relative to the aeeension of his Majesty to the ttaaty of the 10th of April, 1854, between France and England : ? For a long time Europe haa regarded with juttand jealous suspicion the continual agKrandirement of Rus sia, the progressive application of that system which Peter the Great inaugurated, more naturalised in the nation perhaps than in the Muscovite sovereigns, and tending with all the forces, visible and invisible, to the conquest of Constantinople, not as a final end, but as a beginning and step to new and more unmeasured ambi tions. These projects ef Russia, subversive of the equilibrium of Europe, threatening to the liberties of peoples and the independence of nations, never revealed the jise'.ves, perhaps, so clearly as in tbe unjust invasion of the Da nuliian provinces, and in the diplomatic acts preceding and following it. It was with good light, then, that France and England, after a long and useless attempt at means of conciliation, had recourse to arms to support the Ottoman empire against the aggressions of its power ful neighbor. On the solution of the Oriental question depend the destinies, not immediate, but future, of Europe an-1 of Asia, and, more directly and proximately, of those States bordering the Mediterranean Sea, which cannot, therefore, remain indifferent spectators of a struggle in which tbeir own vital interacts are concerned, which will determine whether tbey remain free anil independ ent, or become vassals, in fact if not In name, ef the colossal Ruisian empire The justice of the cause espoused by tbe generous de fenders ot the Sublime Forte, the considerations which tell so powerfullv always on the heart ot tne Ring, of tbe dignity and ot the national Independence, have de termined his Msjestv the King of Sardinia, after the for ms 1 invitaticn which he has received from the two ifreat Western Powers, to accede, by tbe act of the 12th of !ast January, to tbe alliance, o (Tensive and defensive, stipulated on the ltth of April, 1864, between tbeir Ma jesties the Emperor of the French and the Queen of tbe United Kingdom of Great Britain and Ireland. But he fore that act received tbe indispensable Completion by the exchange of ratifications ? before, therefore, it could n any way be put in execution, tbe Emperor Nicholas, amentlng, with language net devoid of bitternem, thai ihe rights of nations had been violated by us by having (as be supposed! without previous declaration of war tent an expedition to the Crimea? accusing the King, besides, of ingratitude in having forgotten the ancient proofs of friendship and sympathy given by Russia to (Ssrd.nia? hastens bimself to declare war Without stopping at the supposed violation of the rights of nations, which coul 1 only be an error of the Ctnncery, we will observe that, with the ancient me mories of friendly correspondence passed between tne predecessors of his Imperial Majesty and those of his Sardinian Majesty, tbe Emperor might hbve compared otter more recent and personal recollections of his own behavior for the last eight years towards the Kings Carlo Alberto and Vittorio Emanuele Seoondo. But, first of sll, he should bave pursunded himself that hi* Ma jesty approached this alliance not through forget lnlnese of ansient friendships, nor through resent ment for recent offences, but from the firm conviction of being imperiously driven to it, both by the general in terests of Europe and the particular interests of ihtt nation wbese liestiiias Divine Providence has committed to bim; and it Is therefore that, in taking part In a seri ous war, the king never doubts the answer to bis appeal from the old fattb of his beloved people, the bravery of his soldiers, confiding, as he confides, in the protection of that God who, in the course of eight oenturles, has so often supported the monarchy of Savoy in severe trials, and gulaed it to glorious successes. Ilia majesty is se cure In tbe conviction of having done nis duty, nor will so many severe and cruel aiUi-:tion* diminish bis resolu tion and constancy in the defence, with all hia power, against all aggressions whatsoever on the sacred in terests of tbe people, and tbe imprescriptible rigots of the crown. While the king desires that tbe negotiations for peace already initiated in the city of Vienna maybe success ful, in fulfilment, however, of the obligations contracted towards France, England, and Turkey, he has ordered the unt'ersigned minister to declare, In virtue of the above mentioned act of acces sion, his land and sea forces to be in a state of war with the Russian Empire. Tbe undersigned declares, besides, the orders of h i majesty that tbe fxequatur accorded to the Russian :on huIs in tbe royal States should be revokeu, the property and persons of Russian subjects nevertheless to be scru pulously respected, and a >'otcpetent term accorded to Russian ships to leave Sardinian ports. C. CAVOfR. The President of Council, Minister of Foreign Affairs. Trim March 4. 1856. Interesting from Holland. TKOT'Bl.B WITH THE UNITED STATU ABOPT BIRDS ISLAND? WAR STEAMER hBNT TO DKIVB OFF I UK AMERICANS- BALL BY BELMONT AT THF II AO I E. [Prom a Rotterdam letter, Keb. 27 J A private let Mr from St. Thomas, dAteil January 30, addiesseri to a commercial house in this city. states that the III* nil of Ave*, which belongs to Holland, ha* liter, taken possession of by a party of American* and that the liutch government steamer, thel.ynx, lia-i been des patched from St. 1 hou.au in order to compel them to evacuate the inland. The line paper* taal cominun: cAte thU intelligence to the Ducuh put lie, contain a highly colored description of a ball given by Mr. Del moot, tbe American minister, to the royal family And three hundred of the elite of the aristocracy in the Hague. Could thU have been the gilding for tbe p J 'or wai it thought to drown the report of hoetiie cannon in tbe melody of ball room musie f The Danlah Soiuid Dnee THE PROTEST OF PRUSSIA ? THE CONDITION Or POLAND. [Prom the Par'.f Patrie ] Oar letter* from Kerlin ?tate that the Prussian govirn mem is far irom witnessing with dlspleAsura the eager ness with which the First Chamber urges its recotutnen fistic n that the Cabinet should follow up the negitia t one with Itenmark for the abolition of the tinuod lues. Independent of tLe great and vivid Interest wiu -n the mar. Use commerce of t-ruisia has in the suppr-stlon of t hit impost, the government has an dea for the future at bottom. By provoking an energetic manifestation of public opinion on the point, it looki, on turn.ng it to ao-ount In the coming negotiation* at Vienna, as au thoring the demand that the Sound dues he taken up aa a matter of general and Kuropean mt??ea* tnd be in ccniequeuce t>o regulated. If this pretention ahoald be admitted, Prussia will have attained one of tbe principal aims of her commercial policy, without untying her purse or prullering any kind of compensation. <)i the oll.fr hand, if the European Powers conceive that the matter* actually pending are sufficiently importact am! sufficiently entangled at not to render further complica tion denrable in the adjunct ol a secondary '|Ue?ti,)n. and nhould refuse to occupy themselve with the busi ness, then I'rutsla will have gained a fresh pretext lor the reserve* and delays that have hitherto formed the sole characteristic trait of her policy. Meantime her commerce and Indnetry see In a state of uaeietrplfd suffering. particularly in (be eastern pro vints nf the kingdom. Tbe city of Imntrir, which serves ta the principal outlet for Polish prod -ice, ha* done nothing for sevaral months. The export of the tim'er of KuMian Poland haa entirely ceased. Ordi nary the me r a bants of lien trio w*re in the babi' of hoyirig ettirw Handing forests, tad felling "torn Itut new gone iIim to meddle with sueh speculations, wb oh. tLough they >- sneMmes prodaoed immsnre r>??Bt to tbs adventurers. bad always the certain resnlt of Jrn'nj :arj* sunit ia IWtb fcao;? Tbua tic i'olsh journals are 611ed with offers for sale of mansions and mat en of all din. And if commerce ia suffering in Eaat Prussia, it ia atiU worse in Silesia. Jn that pro vine", wnich Wt the I roLaod &f Prussia, minor/ baa reached ill laat extremity. At Breslau ami its environs, women and even man, have been found literally starved to dtatn. Ii the neighborhood of Russia. contagious to there prarlnees, whose laborious and patient population ia certainly worthy of a better fate ? Denmark. The King of Denmark wait dangerously ill. The legislature had resolved to Impeach the ex- Minis ter* of War, Marine, and Finance. Latest from Spain. THJt CUBAN AKMY TO BK RE1NFOKCBI). Madriii, Thursday, March 8, 1855. A battalion of marines left Cadiz to day, for Cuba. 5.000 men will leave in May. The army of Havana will be augmented to 30,000 men. Market*. Loniio.n Mo.nfy Mark sr, Friday Evening, March 9. The English funds opened to day at the dull prices of last evtnirg, and a subsequent tendency to improvement was checked towards the close of business by some spe culative sale*. Contois for money were first quoted 9iV to 93, whence they advanced to 93 V to M- various Idle rumors were then circulated of the Vienna negotiation) having assumed a more favorable pro?pect, and the final tranhoctions were 92 V for money, and 92V to 93 for the 11th of April. The general business of the day wan un important. Bank Stock, Reduced. New Three per Cents, and Long Annuities, are now all (but for the dividends. India Bonds left ofT at lis. to 14s. premium; Exchequer Bills fie. to 9s. premium, and Exchequer Bonbs, 99>? to v Loans were obtainable in the stock exehange to-day on government securities at from 2 to 2>j per cent. In the discount market there has been no material de cline, owing to the rate for the best paper b?ing already sufficiently low to prevent any large applications at the Bank of England, where money is consequently accumu lating, so ax to keep the supply out of doors within limits, which are not more than sufficient to meet the general temand. There was less activity in the foreign market to-day, and quotations generally exhibited heaviness. In Turkish the transactions were at MM, , and ft for money, and 79>?' and V for the account. The final quotation was 79V to V - French scrip elosed 4 \ to &V premium. The other operations comprised ? Mexican, for the ac count, 20V and X; Spanish new deferred, 18 V ; and Butch Four per cents, certificates, 94 V and 94. The closing accounts from the Paris Bourse this eve ning indicate steadiness, with a slight tendency to an advance, owing to money purchases. At Amsterdam the markets remain, ss has been the case for some time past, without the slightest variation. From Vienna tne quotations show a decline of one per cent In the funds, but an improvement in the money market to rather more than that extent. The mercantile letters from the Continent continue wholly uninteresting. The rates ef exchange at all the principal cities maintain a good appearance. At Ham burg money in in rather increased demand, but it is still obtainable at 2,V per cent. The suspension has been announced of the mercantile firm of Anthony Nichol k Son, in consequence of specu lations in tallow and other Kussian produce. The house was an old and respectable one, and the liabilities are supposed to be rather large, whue as regards aHsets the prospects even now held out are said not te exceed 12s. in ihe pound. The less sanguine view entertained duiing the past day or two, of the prospect x of peace, has caused some recovery in the tallow market, the quotation to-day being 60s., which is an advance of 3s. from the recent decline. The rest in September last, after the payment of a di vidend of 4V percent, wae ?3,000,027. On the present occasion it is ?3,034,624, subject to any small variation tbat may hive taken place between the 3d and 10th of March, and 4V P*r cent deducted from this would leave only ?2,979,639. A divtdeud at that rate can therefore scarcely be expected, ?3,000,000 be ng the amount at which it ban been considered the rest should be main tained. A. DENNISTOUN AND CO.'S CIRCULAR. Liverpool, Friday March 9, 1855. Cotton Market.? The market opened on Saturday with a good ciemaed; 12,000 bales were sold, and u full V<L advance was obtained. On Monday the demand was very animated, and the sales were 20,000 bales at Vt advance on Friday's prices. But since Monday the mar ket has relapsed into dulness, and has lost V<i. of the Srevlou* advance, prioes dosing to-day barely V'd igher than on this day week The sales for the week are 87,170 bales, of which 29.230 are on speculation and for export, leaving 57,940 bales to tha trade. Tho sales to-day are 7,000 teles. Market flst. We quota Fair Orleans 5V<i- middling ft 3-1 H I. Fair MubUes f>Vd. middling 5 l-16d. Fair I'plandc 5Vd. middling 5<I. Ihe death of the Emperor of Russia led, in the first instance, to a very general expectation that peace would follow, and gave rise to great bnoyaacy m nearly all markets. But though no fact lias come to light adverse to this expectation, the buoyancy lias left us, and doubts have arisen as to tha cour-e which the new Enip< ror may be induced to follow. In the Manchester market spinners, on Tuesday, de manded >4'd- advance, but only succeeded in obtaining Vd. , anu the extent of business done was less than was kioked tor. Since Tuesday the market for most articles has (alien to its former level. In the money market gold continues to be received in considerable quantities, and as tbe exchanges hive fur ther improved, very little of it eaa tie exported wiijjj advantage, most of it finding its way to the Bank of Ergland. Hence hopes are enterta.ned of an easier mo ney market. The rate of discount Is to-day about 4% per cent Consols close 93. Corn Makkkt? T&e m\rket continues very inactive, and pmes must be quoted tins week 2a per barrel lower for flour, 3d. per 70 lbs. for wheat, and 2s. 6d. per quarter for Indian corn. Weatern Ca'l sup. ilour, new, per bbl..33s. H. a 37s. Od. Bait, and Pbiia. do. ? ? . ,37s. Od. a 39s. 0d. Ofcio do. " " ..38s. Od. a 42h. Od. Sour do. " " . . 33s. Od. a 38s. Oil. Wbltel'. 9. wheat, per 70 lbs lis. 2d. a 12s. Od. Red and mixed do. 11 ,10s. Cd. a lis. 3d. Yel. and mix. ind. corn, per 480 lb. ...40a. Od. a 41s. Od. White do. 14 . . . ,41s. Od. a 43s. Od. AM.B8 are quote! at 30s. per cwt. Rosin ? The sales have been Urge, and 3,300 bbls. sold at 4s. 6d. to As. per cwt. for common American. spirits of Tunimurc is worth 36s per cwt. Tallow. ? The market is very depressed at 60s per ewt. for Y. C., and 43s. to 40s. per cwt. for South American Labd.? About 200 tons have been sold at 47s. to jOs. per cwt. Oils. ? Palm oil has fallen in price, 300 tons having keen sold at ?37 to ?40 per tun. l'ale teal is worth ?.')2 per tun. No change in rape oil. Birr. ? Ihe demand has been very good; the sales, which have been largw, are ail East Indian. Dykwoodh. ? 'Iliere has been more doing, on account of recent arrivals, hut (rices bare fallen: 30u ton* Cain peachy logwood have brought ?7 fit. to ?7 7s. Id. per ton ; 3C0 tens fustic, ?5 10s. to ?t> for Brasil, and ?5 lot. to x6 12s. ? a. tor Savanilla, and 230 tons harwood, ?4 10s. to ?5 7s. fid. per ton. B AKI.NO BX0THSK8 * 00. 'S CIRCULAB. l-OM'ON, March 0?6 P. M. We have to report a fair bu.-ineia in th? colonial and produce marktt* thin week, wlthont material alteration in price*. Money in 1?mi demand. Conaol* leave off 92j; for money, and 93 % lor the account. Dollars, the price of tbelate arrival* ia not yet Uxeti. Bar alitor On. l)*d.; South American doubloon^ 7!>*. 9d. America* Stocks- ? The bin Inete hat been inconalcer ablethi* weak, without variation in prieei. Oochwral.? No public sale* thin w*k. The market la firm, and iellvariea i-atiafactory. Stock on 3d inat., f?,007 Ntroaa a gain it 6,637 seronx Uat year. We quota Honduras allver 3a. 3d. a 3a. 10d., black 3?. ltd ah, Mexican -ilv?r 3a. a 8*. 4d., black 3?. 8d. a 4*. 2d ; Tina rlfle lilvtr 3?. Id. a *e. blach ia. lltl. a 4a. Id. Corn* firm, with little offering. ' CVn-ick without change.? Tough cake and tile ?12r>. Beit (elected ?1-9. Sheath ng 14.1. Yellow metal ltd. CorntK? lha market ia firm, and tb? quantity of Plantation I'ejion on the market being ?mall. pricea have advanced 6d. a la. per cwt. 420 calk*, 1,0(10 bbla. an t bag* have been offered during the week, and realized fuil prieei, from4Hi. 6d. for fine ordinary to fill. 6d. lor middling. Native Ceylon ban alao been In mere demand, ?ed about 7.HC0 bagn have changed hand! from it*, a 47a. Iwo cargo** of Rio kave aluo be*n Hold, one of 4 WO bapa at 40a. 4>,d., and one of 3,600 bags at 40a. 9d., both lor near poita, Iniured free of particular aver age. Corn.? The market on Monday wa* much deproaned, and the few atiaa of Xagliah were mnde at a declite of 4a a 6a. per -jr To day there waa rather a batter feal inf. and. the Kngliah wheat wna cleared off at about Monday 'a pricea. In foreign very Httle doing; we quota white American wheat at 7Ce. a HOi., red 72a. a 70i. per qr American flour at I'fia. a 40a. per bbl. The laat (iatette average pr.ee of Kngliah wheat waa 08i. 6d. on 89,402 qri. retorted. cotton ? The <!<mand haa .mproved, and the naha for tba w??k are 1.760 Daiee, at about ',d advance. At Li verpool '.here bar. alao near, more a;tivity ; imd. Orleiina ii quoted at 6 :t-lfd. a b%i per lb. I'RCUfl, &c ?In the Ht??uce of public aalea we have little to r?port. Plumbago ? 105 bbla. ?old at "a. for or iiaary lump. Sain of cut:h at 27*. Jalap, 2? a 2-. Id. Ipecacuanha**. 4d. a 8e. od. (Jnickiilver, la. lid. Tur kej opium, IBa. IHnr ? ibe marknt har been much unae'tlad by the tewi of ib* death of the Kmparor of Ruaaia; quotation* for fet. P<;er*burg are nominal H67 bale* Manila have been offered at auction, and only two lota lonnd lound buyer* Iiom ?*h a ?38 6* for ordinary currant quality, b'ing a crua'der/tie decline; the damaged -old at Ah?ap er rate* Jute? 2,fiHO bale* In pab ic **1* were cbiffly bought in !rom ?13 a ?17 fo.~ cuuimon to good fair quality. Inmgo.? Hnce the Uat quarterly aala*. which termi nated on the 2?th uit.. tber* liaa been a fair demaad, and moat of tb* bought In and wi'hdrawn good* having i ?? n taken off the market, buyera have haa to pay an advance ol 3d. a 4d. p?r lb for the execution of nmall orderl. The favorable r fault of the laat aaia, and the good p< *ltioD of tbe article ai abown by atatintici, have en, aider* t>ly improved the ton<- of the market iRo*? lb?re ia little activity in tbe market. Wa quote raiia ?6 7t. fid. a ?4 Ua. fld ; bar*. ?6 10a. a ?7. free on board in ware*. Scotch pig* have fluctuated very much, and are quoted thia afternoon >?*. for mixad number* on the Clyde. 1 he tnarkat ia a.moet bar* of Hwefliah iron an<l Fiael. Lard ii depmaed. Weitern. in ke?i, 60a. Ikao ia dnU, and pricea have rath-r a downward t*n I'eney We quote common p'g ?21 10*. The import* of ."pariah ato tbia port during iait month wen 141 torn, agaiaat 1'31 ton* in 1864. Lurtnn, ? The arrival* into I^ndon thii week amount to 38,111 qr . of which 27,347 arrived from the Ka*t Indie*, aad they remainder from the Arof and Bla?k 8?0?. In ccmson with Kuaalun produce generally, tbe n arket hu> b> en terioutly affected by the laVe political *v?Bta. and the prica of Cnlcutta *eed bai declinod to ? Oa.. and other icrta !? iiroportion. At thaie ratea ex port order* have been freely eiecnted. LiRauu> Carbi in moderate demand and pricea rather eaaier. Moi AffRM doll, fev'ral cargce* of new Cn'ia, V.h ronacovar'o ami cIajm?, ??? offerirg for a>rlvij, bat do n>t find bp;e:?. Oilfl.? Sperm 11 very scarce, and the nr.ce of bag fed hm been advanced to 8125. In common flab there is no clianjre Olive cnaUnaM only in r*tail demand. Ud4 seed, influenced by tho ?MI a aee d, hu rapidly declined to 34s. for prompt deliveries; a few sales for future month* are retried at 86a. a 86a. Cd. Rape ha* further decline'! to 63s Od. a 53s. for refined, and 50s. 6d. a 60e. for blown. Cocoanut dull at 43s. for Ceylon and 44c. lot Cochin. Palm 10s a 42a. Biuk.? There ia little disposition to purchase at pre vious rotes. and of '2,770 bag* Bengal In public sale the sound portion wan bought In fTOm 13b. M. a 14a. for roiddl by. 1,694 bags Madras mostly acid from 12a. a, 12k. Cd. for middling Coringa. Itru ? About 300 puncheons low to good Dtmarara have bteu i-old from 2a. Id a 2a. .'id., bu-. the market baa wince impioved, and strung Denuuara eanaot be bought under 2a. 6d. a 2s. 6d. ir a lti'ietkb ia ateady, but not much doing; 2)4 per cent refraction baa been ?o'.d at 28?., and 7,t? per cental 24a. Spina.? Blaek pepper is rutber firmer, and 80 bags good light llalabar brought 4?,d. Of 6tl0 tags good IVnarg, the uumug'd told from 3J?d. a 4\d., the sound ta km in at 4^d Cloves? 16 bags (air Zanzibar brought! from e'*d. a b%4. ^alllower? 03 balei Baagal partly sold at rteady ratea, from 52s. 6d. a 90s. for ordinary to fair. PrcAR. ? The market ia steady at last weok 'a prices. Tbo sales of West India lor the week are 1,660 iihd-<.; and of 16, 100 bags Mauritius and East India ottered- at auc tkm. about one half found buver?. fl 176 raata Penang brought lull prices, and of 1,980 boxes llav.ini only one tbird hold at steady ra'es. Privately a I'arffoof 400 caw and 600 btgs brown Habit has been sold atfcwilat IB*. 3d., one of 240 cases white, and 40 eases brown Maroim at 22s. and It's eo. respectively, both for a near continental port; 7,000 bag* current quality Manila at 31s., and 460 boxes Havana (floretes) at 24a. a 24a. 0d., in bond. Thta afternoon a cargo of 8 500 bags white Par&iba li reported at 24s. fld., atlont for Trieste, uninsured. t-reintK is (|Uiet at ?23 10b. a ?24*. Jfl^xow. ? The market haa been in an unsettled state curing the week, and declined to 48s., but bun since re covered, and closes firmly at 49s. 6d. on the spot, and 60s. for April. Tka.? There lias been more activity Uu* week, and a fair business is reported in middling aad good congous at satisfactory prices, and in common congou at 9d. a 9>?d., the latter principally for export. Tut.? English in moderate demand at late quotations. Banea, lOfls a l<i7e : straits, 104s. a 106s. ia tla plates more doing; charcoal I. V , 31s. a 32s. : coke 1. C. 20s. a 27 s. TritPKNTWK.? Rough is difficult of sale at 8s. 6d. Spirits neglected; American In casks 36s. Od. a 36s. Wool. ? Tbe fourth serins of sale? of colonial wool of the season came to a conclusion on the 3d inst. Prices on the whole were firmly maintained throughout. KICHABDSON, Sl'KKCE A CO.'S CIRCULAR. Livkkpool, March 9, 1866. On Saturday last the country was astounded by the report of the death of the Fmperor of Russia. This un expected event almost paralysed the corn trade, and at Tuesday's market, witfc a very limited business, prtoeo gave way 2s. per bbl. on flour, 3d. to fld. per bushel on wheat, end 2s. per quarter on Indian corn. Since then the reduction baa tempted tome speculative purchases of Indian corn, at 40s to -10s. Od. per quarter, for good mixed, and our market to- ('ay opened with a fair demand ior it at these rates ; theie being but little mixed offering. Yellow was taken at 41m. to 41s. Cd., but towards the clone the mtrket was rather easier. In wheat scarcely anything done, and flour could only be sold at 34s. to 35s. per libl. for Westerns, and 36s. to 38*. for New Hal timorts. English flour is in large supply, at equal to 35s. to Sfls per bbl., and as long as tbl* continues, wo cannot look tor any improvement In foreign. llitxr.? Tbe import tnis season is now almost threo times aj great as at same period last year, ana holders are anxious to realize, but buyers still avo.d stoek, al though they might purchase at a considerable reduction. The sales lor the week do not reach 200 tierces of all kinds. I'okk.? The import is four times In excess of same period last jear, aud holders are anxious to meet bnyers at a reduction. Bacon Is alio in excess of last year, and sells very slowly at Is. to 2s. per cwt. decline. Lard declines to 47s. per cwt. without finding buyers, except in retail. Tallow, in consequence of the t?pect of political affairs, declined Ca. to 7s. per cwt., P. Y. 0. being sold in London at 47s. To-<iay it is telegraphed rather firmer, with sales at 48s. to 49s. Common Rosin has declined under arrivals to 4s. 6d. per cwt. Qdkkcitkon Bark has declined to 9s. Cd., without buyers. Li.nskfd Cakf ? The season being now nearly over, has declined to ?9 to ?10 per ten. Cotton.? On Saturday last the announcement of tbe death of tbeCznr caused a sudden reaction in the mar ket from the dull state It had remainel in fcr some time. Tbe trade, specula' ors and exporters all became eager purchasers, and continued so till Monday, on which day Ike tales rencbed 26,0f0 bales, at J^d. per lb. advance on the low sales of the previous week for ' ordinary" and "middling," and to per lb. on the better qualities of Anerican. Since then there has been less eagerness to buy, and holders having oflered thur stocks very freely, about an ,','d. per lb. of tbe above advance ban been lost, and the market to-day closes quietly, with sales of 7,000 bales. FINANCIAL AND COMMERCIAL. KOffST MARK BIT. Tuesday, March 27 ? 6 P. M. There was quite a buoyant a-jd active stock market at tbetl'st board ttila morning. The Eor> pcan news had a favorable effect on pri;es, and noma of the leading railroad stock* were la demand at the improvement. Upwards of five thousand shares of Reading oianged hands at toe tint board, and closed firm. Erie Railroad sold I ?> frame extent to-day at an advance. The shorts were evidently large purchasers, and at the close the tendency was ?till upward. Illinois Central bonds sold at better prices to the extent of thirty thousand dollars; so did Erie botda of 1875. The tw<> moat prominent stocks on the maiket at the present moment are Reading and Erie; bat we do not tY.nk they will advance together, or that the latter can bs long sustained at any advance on current rates, while the former has a margin for further improvement equal to that which has lately been covered. The pur chases to-day show the strength of the parties en gaged in the movement, and daily returns ot the ccal bofiieia on the road show its enormous pro ductiveness. The aggregate coal tonnage for the njcMh of March will be about 180,000 tons, at 12 per ten, sgainst 143,000 tons, at 11 70 *>erton,for the same time last year. This increase in quantity and price most swell the income of tie company immensely. At the firet boaid In-day Virginia 6's advanced i percent; Illinois Central bonds, ? ; Canton Compa ny, i; Erie Railroad, I; Reading Railroad, 1. Cleve land and Toledo Railroad declined i per cen - The market is on the whole in a more satisfactory state than if it was under gieat speculative excitement. Any advance now realised becomes r.-e- gthened before another step forward is taken ; and, as the improvements which have taken place have been based upon actual changes for the better in tne con dition of the different companies, we may iooK for continued steadiness in the market value. Where the advance han been rapid it has been justified by favorable cl. curostaLces. It will be seen, upon refe rence to the skek list, that some of the ftnrtahave not moved muc . during the past sixty or ninety days, showing that there has been no general specu lation. Great discriminati n has been exercised in operations this far this season, and we have no idea that there will be less caution practiced as prices expand. The abundance of money has brought many purchasers in the maiket, more for the permanent employment ot < api'al profitably thin far any tempo rary speculative venture. The changes wnicb have been made in the policy of our lead.ug railroad c< mpsmes have worked wonders in tiair financial condition, srd the stocks are better worth current rates than trey were at the depreciated pri:es ruling ninety days since. We do not consider the stock market any more Inflated than it was last October. Reading Is, in reahty, worth more tban tt is selling for ; Eiie has improved considerably; railioid bonds generally have a better basis, and, as a whole, there ia m<re solidity to tvtry stock on the list? more ability on U,e fart of holders to carry t* em, and more confidence In their future productiveness. After the a jonraroen; of the board, tne toiiowing ?ales of bonis aud stocks were made at aoction by Simeon Draper tr,0<0 New York Central Railroad 7's, in*. added. . 101 | IP (CO Mew Yora *o 1 K-rie Katlroad. l?Jj. ilo HH | 10, OM N. Y. and Hat?r?nn Plank road 7'e, do 34 8,000 Obio end Mta?1??lpp' K K , 2d icort.do 57Ji f.OO New York t'n'on Clab, 7 do M 10, (Ol MUeouri State ?'*, 1S73. do 04 10 ?baree New York and New Haven Railroad Sitt 11 do. Tblrd areDue kail-oad 2fi iO do. Home Insurance Company S2,'? The Island City Hank stock sold at aar/jon yet ttrdaj brought 74 per cent; Hank of ComuicnweaJ .b <J6 ex--ividtr.d, and the Marine Bank 100. At the Hcond Ik aid lower prices ruled and the market closed bewy. There wns not much ao ie. Erie fell off i par on.'; Reading, j; IInuH?i River Railroad, 4; New Yirk Central Rtilraad, 4; Cleve lard an\loled-> Railroad, i;iIllinol* Centra! bond', }. Erie bonds, 1876, advanoed 1 per cent. The HamU'on, Globe, Trenont, M?r:i ante' and dbawmut banks of HoMoo, have declared semi annual dividends of 4 per cent. The Cilombiau ard ->tate banks will pay 3} per cen*. At the ftrvt meeting of the stockholders af the ^yuge Albion Mining held ?a*^ Wt