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Ou or about the 20th, the Russians attacked the fort of Dultecha, but were beaten off. Tultechs is the lest Tark. {ah fortress on the Danube. Some Polish officers of distiretion have already taken service with the Turks, and others have sigaifled their in tention to do so. France—and probably Eugland, also— at length considers that the Porte is justified im using all the means at its disposal, and for this reason the Poles welcomed to the Ottoman ranks. "Gon. Prim, (Spaniard,) Lord Worsley, Captains Ba- thurst, Hi Wilson, and Lieut. Buckley, ( were with Omer Pacha at the baitie of Ulteniisa. Sultan has written Omer « letter of approval, and has sent him « superb The Au Gazzte hus intelligence of the approach ing recall of the Russian Ministers at Paris and Lon-on, Messrs. Kisselett andBruno#. THE OPERATIONS ON THE DANUBE. {From the Leadon Times, Nov. 29.) Though we still remain without any material acceasion ‘te the y thar he ay porsersed of events on the Danube, there ia little reason to doubt that the principal opera ticus of the campaign bave hitherto been uniformly cre ditable to the Turks. Their xuccw#s at Olienitea begins, to lose some of its marvellous character from thy details which have reached as, nor does it now aprear that Russian battalioos have been defeated by Turkish It seemo that the Tarks were aod in buildings which, though ions, suficed to bring the ipto ibe por m most favorable to their quality. Turks have invariably fought well from behind intrenehments, and it was thus that they fought at Olte. nitva. Protected by powerful battories, and flanked by 8 formidable corps of suarp shooter. armed with the Minié rile, they seem to Pave received the Ruselan columns very much as we ourselves were received at New O:leans, and with much the same result. If, indeed, the Turkish tion be correct, aud if the casualties force in the engagement amounted to but thirteen billed and seventy-two wour ded, therecan be little ground for deseribing the affair as a fair pitched battle. We do not, however, attach much credit to am announcement whieh, perhaps originated in some misapprebension of the circumstances most conducive to the credit of the victors. We believe the Turkish loss to bave been considerably mo:e severe, and the action more fairly contested than is here described ; bat it it is not to be forgotten that in any case great credit must redound to the suecessful general if Omer Pacha really caused = joss of 1,0.0 or 1,60+ to the Russians at the cost of a score of solciers to his own army, the excellence of the exploit n a military point of view must be incontestible, al though it may not carry quite so strong a proof ad was asgined of the genera! quality of his troops We are now for the twea ieth time assured thata regular wrial of strength will immediately be made betwesn Kra- jova and Kalefat, and hat intelligence of a decisive bat- de may be expected from these parts, If these state- ments are correct, they must imply that the in- structions reeeived «n bota sides for the energetic rowecution of the war are likely to be carried into effect yy an advance of Privee Gortachakoff upon the Turkish division which has maintainrd its pomtion ic Lesser Wal- lachia during the whole of this month As no reinforce. ments have yet reached the Russian commander beyond those drawn from his own reserves in the Principali:ier, the anticipated encounter will represent fair con- flict between the Turkish and Russiam armies, and mastery in the Danubian Province will decide t for some time to ‘come. rince Gortschakolf seems at length to have oonventrated » sonsider- able force, agnounting, indeed, at Bude sehti, hi tion, to some 45,000 fig ating m er vould be disposable for operations at tremity of the province ia not #0 clear. learn with any certsint Neither can we whether the Torks remaia in trenched at and stout Ka efat, or whether they have ad- vanced into the interior. Sy somé agcounts they have been cercribed as actually occupying Krajova, but we are inclined to believe they here remained in the posi tions first teker up and, iadeed, it is alleged in one of the many statements transmitted to this country, that they will mot accept battle even here, but will upoa the approach of Prince Gortschakof in force, destroy their ‘works and retire acroes the Danube, a4 they did at Olten- ites. To crors and recross the Danube, however, gure, without loss er molestation, is no small ‘achieve- ment in itself. Meanwhile, operations in the Circassian country ap- pear to have proceeced still more favorably for the Otte man arms. The obscurity found to attend even events on the Danube is of coure magnified in the the di+tance and insccessibility of th intelligence reaching this country induces us to believe that the Turks have gained considerable sucserses an opinion cor firmed by tre report that the ebief rein- forcements now on the march from the interior of Rus aia are destined, not for the Danubian Principslities, but for the army of the Caucasus, This army, we are further to’d, is greatly dicaffeeted, and itis obviously ex- pored to some danger from the ivflammability of the surrounding population. Ia the Danubian provinces Rus sia relied, cr hcped to rely, on the sympathies generated by communic n of ag ed and race, but these conditions must operate in Asia directly to the advantage of her an: t., Turks are there the defenders of the true faith, and any protracted contest between the Russian and Otteman arms might kindle passions and snimosities beyond reach of extinstion by European treaties, These trausastions hnave, a6 yet, attracted comparatively little notice, but, if the war should unkappily continue, it ia by no means un- Mkely that ite most important as well a3 most interesting bestre may de on the shores of the B’ask Sea. We search in vain through thess events for any prospect wf that conclusion which, xs it was the object of negotia- fiona, mest still be the object of hostilities—viz , the pracwation of the Principalities and the witudrawal of the Karsian Cemards upon the Porte. To these conditions should now bs added ispensadle the attsiament of some Europes n security sinst renewed agzression, but ‘we do not ser that we are approaching any nearer to such ends by the campaign now pri diag. Cmer Pacha has cow be: uxaged fora month in the task of expelling the Russians from the Principalities by force, and it does nit at present appear that he has made mach moe effectual progress than was made by the dipiomatiste On the cc atrary, it ir reported that he has retired to the right back of the river alvogether: ani, af be therefore cannot make head agains: Princa Gortscha- koff, it is scarcely to be oxpecied that any greate- suc cess is in store for the 1uture. The recerves and re- sources of Russia are netoriously far superior to those of Turkey, and, if Prince Gortschakoff can hold the line of the Danube against the Turkish army now in Balgaris, we do not see how the prospects of the Ottomans are like'y to improve. These considerations, however, would be changed by any decisive success of the Turks between Kalafat and Krajova. ‘The aggressions of Russia must he resisted, the authority ope law mus be vindicated, and the righls of Europe must secured. These are the ¢ bjecta of the contest, and they Qre common, we need hardly eay, to all European Govern- ments alike But there objects, we entirely believe, are far more likely to be attained by negotiations conducted with the concert of Europa than by the engagement of any ticular Powers in hostilities of which it is impossible predict the end. Such hostikties must almost neces- sarily involve » general war; a would inevita. bly acquire s character in ‘which the disputes between Russia and the Porte would be absolu 4 lost, and its ter- mination would probably leave the whole fabric of Euro} revclutionized altogether. That there are persons who would contemplate such a prospect without any regret we ate well awsre; but even they ray remind themselves that the issue of the struggle may be enything but what | they desire, while it is to certain that the Fare gong of popular enlightenment and rational liberty would be re rded for years to come By s frm and jusicious policy we may gaip, compsra- tively without change or bazsrd, all that we could rea- sonably hope to gain by a successful war. The utmost that could be expectec at a treaty of pacification is, that all the great Powers should be found allied inst Ras- sia. This reeult could harcly be anticipated with any reacon from the events of a war which would probably threw all the Powers of Europe into every species of com- bimaticn before it ended; but it isa result which ma} very possibly be secured at this moment while bostill- lies are yet confined to the fanatics of two countric: the defi'es of the Caucarar and on the banks of che Dan ube. We sincerely trust that snch may be the conclu sion of the dispute, and that in this revpect at least we may be found wiser thaa our forefath who,’ after plunging blindly inte w: 8 duration, ‘were oniy too g’ad to term Jeaving things as they wa: first. [From the London News of Nov. 29. Whilst rumor is busily circulating reports detrimental to Turkish prospects—saying one day that Rurria has crossed the Danube, and on the aext that Austria and Prassia bave withdrawn their Au.bassadors from Constaa- tinople—the Tarks themselves seen to be ‘holding their own beth courageou ly and successfully. They aro still in force on the epot where they first erosse1 the Danube opposite Widdin and whatever the friends of Russia way ray to the con-rary, it is certain that the Waila- chians #r6 full of sympathy for their Moslem fellow-aub- jects, and full of batred to the Russians This is com pletely shown by the fact of Prince Gortechakoff having declared Wallachia in a state of siege. It is not necessary to put lly people under martial law, and the leader of the Crar’s army admite th the feeling of the principality is egainst him wher he substitutes the jaw of musket and bayonet for the law of the land. The latest step he is said to have taken is not hkely to render the unbapp, peo- he coerees more fond of his rule. He has orderad oat 6 Wallachian militia, and has brigaded with his Cossack bordes, interdirg to use them against their owa countrymen should any “‘sympatbizing” sign be shown, and in any case to msks them fight against the Tarks. Embodied orginally for o-casional service in rational do- fences, these Wallechian militianen are now compelled into regular military service on behalf of an invader. ‘Their arms are turned thus Cs nst them-@lveg—and & force established to maintain Wa lachian independence is used as an additions! instrument of Wallachian sabja- gation. All such extreme measures tend only to reaction, which—when the moment for it a rives—{s sure to ap . That eventy will hasten that tims, i most pro for whilst Omer Pacha is quite able to hold his im Wallachia the Russians seem to be losing in Asia. More than ona accoun: goss to con- firm the statement that » force of about 6,000 of the Crar’s troops have been repulsed near the town of Nico Iai, ata time when some ships of war engaged in oxrrying Raseian soldiers met with ® disaster uear the same apot. The mext good news may tell of more Marc vite checks afloat, for a second Turkish navsl division has eatered the B ack Sea, and there can be no doubt of the superiority of the gunnery of the Osmanli when compared with that of hia northera foe, Indeed, if diplomacy is not used to give (under false pretescer) the Russisns time for re- Cruiting their forces, aud if Eoglard and France will but act with promptitude, we may soon se judden ter- mination pat to thie Kassian sggression + Kast, and ® thriving state of peace substicuted for # wasteful and miserable war. But « telegraphic rumour declares that the Austrian end Provrian Ambassadors have been withdrawn from Copstantico)\e Ii this could be believed, we might rea- sonably supp: +e ‘iat Russia had gained aa open and uo- miatakeable 6 ry in the Cabinets of Berlin and of Vienna, gn sie? King and Emperor hai both decided Upon AB UPdinc.‘c. wilianoe with the Cxer, Austria, ae sll the wo | ace not Oy in the [ace of St. Peters burg. Bavirg b ace Got go tu rowee Consacks to coerce Hangary, she pen opposition to Nicholas, But, though tous io pol 1 leaving strings, it ia so manifes' b true peloy not to aliow Ranaia bagi ated eget, that pothing short of lunacy could uce eo ent of y real involv: ee if Prossia sided with the autocrat, Louis Napoleon would he door open for his passage to the Rhine whenever be pleared, and in avy such contingency how could Eng land frame objections? If Prussia re! the faith of civilization she must take the o nasquences. their commerce aworgst another, reign police: civilization to make them strive fr improved govern free pation shou d alwa} hordes from sw: ixm. Hence Prussia, as shoul’ naturally be found plea- | op Bs ty 7°: te them on the priaciple of | sgeinet Russia and its outpost Austria. More sign, however, indicates that King Frederick Will apd stranger things of the country and tim rule may prove true tham that the )russism ambasea- Gor bas really been recalled fcom Constantinople. At present, however, we will not Dolieve that any such step has been taken. - Prussian Chambers were opened yesterday by ® #pe cf the Ministry, in which it war said rations comm nce: at a period of great anxiety as external affairs, and at a time when the peace of rope might be disturbed by complications im the East. The goverr ment neither could nor would conceal the fact that this anxiety was founded on facts, but still it was pre- pared to look with confidence on'the fature, Prussia, supported by her own streagth, and fully conscious of her wn power would continue, a heretofore, her efforts in every direction to maintain péace, and would hold, in the cause of peace and moderation, an indeyendant and im- yartial tone throughout the whole of this difficult ques tion.” Ifthg King will do what is here promised—will “hold in the cause of peace and moderation an independ- ent and impartial tone” in the Eastern questicn, he ma; come well through a difficulty, otherwise. almost as full ger to him as to Austria. But to be independent and impartial is pct to lean towards Russia. EUROPEAN ALLIANCE AGAINST RUS3IA— ENGLAND APPEALS TO AUSTRIA AND PRUSSIA. [From the London Times of Nov. 28.] Whatever may be the mature or the result of the gotiations for the restoration of peace in the East by the united exertions of Europe, it cau excite no surprise that the propositions that reached Constantinople about the 9th of Novemter were declined bythe Turkish gcvernment, and eventually withdrawn by the British and French Envoys. The Tarks were at that moment dushed by the first intelligence of success, and snbdsequent events have robsbly not ciminished their ardor for the war. Ifthe Porte is to deciCe on the course to be pursued by the leading governments of Europe, her policy and intentions are to carry on the war with vigor, and to isvolve every other State in a crusade agaiust Russia, if Bhe can. Bat before we can give our assent to so sweeping « declara- tion, we must be allowed to consider the positive in ‘erests of other countries besides the East of Europe, dwe must remind some of our contemporaries that the object of the maritime powers in sending their fleets to the Bos- horus was not to give this war a European character, at, on the contrary, to support such negotiations as might terminate it altogether. But, as we have more than once observed, it is pot from the parties principally engaged in this contest that much assistance in the work of peace can be expected; om the contrary, they are the chief ebstacles to pacification. Peace is to be restored, if at all, by the combined influence of those powers avd interests which are more deeply concerned in the maintenaner of public trauquility and public law than in the issus of the Tareo-Russian quarrel. The combined squecrons of Ergland and Franoe may be prepared in the last resort to make an armed demonstra- tion in the Black Sea; but, if any effect can still be pro- duced by the mediation of neutral powers, it must be with the sssent of the German States supported by a general resolution to uphold their comm on award. We have no reason to believe, in spite of some asser- tions which have been made to the contrary, that Count Baol and M. de Mantenffel are insen:ivle to the momea- tour duties of their respective positioas, nor is there apy ground for the surm ise that those ministers are lixely to be superseded at Vienaa and Berlin. by statesmen more pliant to the influence of Russia. The Cabinets to which they beleng have never atiempted to palliate the conduct of Russia. They have, on the contrary, loudly condemned it; for whatever its consequences might be in the Fast, it was clear that in the West the principal dapgers and evils of a general war must fall on tneir own territories. The question which it is most vital for them to decide is what curse their own secusity compels them to parsue; and on that point we shall beg leave to offer some further considerations. If their object be the maintenan ace, if their finances are embarrassed, if they are sunted by the dread o’ revolutioa, they are bouad by every co-wideration of policy and pradeaoe, to make com- inon cause with France ana Englaud ia bringing this ton close by a sia, and an equitable cou ideratiou of the righta of the Porte. The French and Kaglsh governments, acting in concer with Austria and Prussia, could certainly have no di- position to revolutionize ‘heir dominions or \o weaken | the authority aid power they might employ in de‘ence of the common canse. The revolutionary party in Eu- rope, of which M. Kossuth is one ef the organs, hopas te turn this crisis to its own advantage, becaure it alread; identifies Austria with the Russian governaxent, a consequently, civects against Hungary ani Italy that hostility which Russia bas provoked, Can there be = nore palpable proof to Austria of the fate that awaits her if she wavers now’ The revolution threatens her in propertion as ahe is identitied with the policy of ae, and as she recedes from the alliamce of Eoglan and France. In that case rhe is open to every ferm of interna] insurrection and external war. The empire would be convulsed by not yet felt, and Russia, far from to its anni ‘wou'd require all the forcss she ean herielf aleng the vast frontier open to her aesail Let Austria commit the extravagant and fatal error of allying herself to Rustis on this question, anc, besides the dishonor of supporiing a cause she has already condemned. bandouing to her northern neighbor the Lower Danube, she infallidly draws dowa on herself the double curse of jution and of war, and will pay the penalty of an aggr ibe never approved. ‘That is the step her bitterest enemies ardently desire her to take, as they foresee it would deliver her into their bands; for the barrier hitherto.placed by Russia to their derigns is already shaken by the probability that her le strength will be required elsewhere. Nor is the condition of Prussia mach better. There, at least, publie opinion eounts for something, and weenunot conceive it to be in the power of the Court of Berlin to lend the support of the German people to Russia ia such a wr as she bas provoked. Several write:s in the German presa have continued threughout the summer aod autuma to vent on the Government of this country @ torrent of vulgsr abuse because it did not ezhibit all the alaciity they re- quired to attack the Russians and cut the Gordian knot of this Eastern question Their eloquence would have been better employed a; home, for, if Pruw dy to astume the position which the occasien requires, in con- junction with France and Eogland, her decision would alone suffice to render the tion of the war impos sible, f, she relinquishes the part of a great Power, and leaves the interest of the people in this great question without a champion or & defender. Austria and Prussia, itis said, may take refuge in a declaration of neutrality If that be their course, they do all they can to favor the designs of Russis, un- eerband, without baying the courage to declara in her favor and by declining to throw their whole weight on the side of peace. they enormously angmens the chance | At tach a moment in | and the danger of a geveral war the affairs of Europe, a declaration of neatrality would be rot only the least honorable, but the most imprudent course, they could pursne, for the mediation which might be imy osed on the belligerents by the authority of four Powers will probably reqaire more active moasures on the part of England and France alone, Suppose the dunger had come from another quarter, and that the Emperor Louis Napoleon instead of the dim- peror Nicholas bad given the signal of war by a grosa infraction of public Jaw, and by the inva- sion of a territory oct his ows. Should we not have heard that she face of Europe depended on the intimate alliance aud joint measures of the four other Powers— that they were bound to combine against the enemy of the genera] peace, and that their united atrergth was the only barrier to the ambition of Fravce? What would the Continental State hove raid if Englan | had taken that oppcrtunity to declare her neutrality? What woald they say hereafier if England, foil wing their exampla shoeld, in the event of sued an occurrence, withhold her agsist- ance and kave them ‘o their fate?’ Th« i d was the clandestine ally of an aggre that by neglecting to play her pert she placed the inter- esta of the whole vorld in jeopsréy. Such would be the consequences of the system of Germaa neutrali'y. Tae concert of the great Powers, by which somany important questions have been peacefully adjus‘ed, would be atan | end Earope would be broken up into reparate alilances, and fresh questions would apeedly be raire’, when that anthority which is the eanction of existing treaties had ceared to protect them. By these means, even the sys tem of neutrality would be des'royed, and ere long the German Powers would find themselves involved in war- fart, and ex to all the peoaliar dangers to which their present eocial and political condition renders them obnoxions. There coni iderations are doudtless familiar to the lead. ing statesmen of Germany, and they cannot but perceive that a firm and temperate ‘union with the Western Pow- ere is the surest course to preserve peace, to protect pub- i's ongagementn, and to ideutivy ‘the lendleg States cf Europe with thet conservative cate whieh is eqaally-op- posed to revolution and to war If they swerved from that course, they may depend upon it that neutrality will rot proteet them from the evils they derirs to aroil. Nothing, on the contrary, is more likely to cause the pro longation of hostilities ‘between otber powers; and the prolongation of hostilities in countries con*e-miaous to their own dominions involver the very ¢ meequences they mrst dread. For the common safety ‘et them for once be told. Were the reat of Europe really united, it is impos- sible that & war could goon which is detested by every civilized people; but i it failed by Jurious consequences of this struggle wil one day fail upon themselves, Their conduct om this quertion will Cotermine in the eyes of their own subjects and of foreign nations whether they are still independent Scater, or whether the inflnenee of Rursia, which Tarkey hee ths exergy to resist, predominates at Beriin and Vienna; ant, if they fail to wphold the established balance of po ver in such an emer will fail in thetr duty to Wu- same foolish path. Inceed, Prassiam interest would be | served by a false step on the part of Austria; and im pro- pertion to the likelihood of such # step om the part of her heighber, in like propcrtion Is ber own need for care. In ent ef France against | to Tne real interests of the civilized Western States of | str Europe are as one, Their oaly safe policy is to promote | W internal progress, to improve their psople, to extend | French squadroi {o ameliorate their laws, and te | posirg sight render the interchange of products of thought, one | more ard more free. Their fo- | is to ‘make common cause against the un- mitigaved despotisns of Russia and Austria, and to keep those despotisma at arm’s length uutil the populations that lenguish under the Czar and the Emperor have, in | spite of the tyranny oppressing them, gleaned enongh of ments The sympathies of a fre people will always be with otber pevrelos struggling to be free; the ormnot ‘8 | Bosphorus, had more the appearance of # picture than & England and France—and ia the present ease of Turkey also—as by the Prositent ‘That their deiibe- ded m reeistance 10 the p etensions of Ras- | MOVEMENTS OF THE FLEETS ON THE PHORUS AND BLACK SBA. Oossramnmoris, Nov. 14, 1863. Yesterdey morning three British war steamers were <itas Bs Oh ee vis,, the Niger, 14 gons, Captain Heath; the Wa p, Oaptain Lord Joha Hay; and the Semson steam frigete, 28 guvs, Some of the officers belonging to the Niger were at Pera, em Saturday night, at the theatre, when the order reached them to | immediately return on board, and the next morning early BOos- | they weighed anchor for Odessa, Three French steamers | have likewise left for the sare destinstion: and it is oaid that scme British and French line-of-battlo ships are to follow | _ It is rumored that the Turkish division sailing under | the orders of Admiral Slade in the Binck Sea has been fred or from one of the Rursian forts on the Asiatic and that ap ergegemen} ensued, which ended in the the fort whole of the combined British inthe Besphoras. They aiford an Trode to Therapia. the other day, and on Teaching the summit of the hil that commands the Bos- phorur and Black Sea, looked down upon these hugs mon- aters of the deep as they lay calmly mm the surface cf the | dark blue waters. They seemed to be at my feet, though really at eome distance from wiere I It war @ pano ramic view: and seemed too beautiful to be fal ; and if it had not been for the steamery moving about and the | Turkish kaiques rowing up avd down, the clear ani ded nite color of water and sky, and the greem banks of the | real landscape. Since writing the atove, I am assured that Omer Pacha has advanced with a his forces, (40 000 mon,) and that Ixmail Pasha bas pushed off from Kalefat aud passed Krajowa with his army, which hae been strongly rein | forced. It appears, there’vrs, that they are uniting their | forces io order to make an attack upon Bucharest. The | fate of the Turkic empire will thus be decided in the pleins of Wallachia. Krom what I leara, all negotiations areat an end ‘The second division of the Turkish fleet had entered the Black Sea for the purpose of joining Micuaver Pacha’s (Admiral Slade’s) «quadron. A captain of » msrehant. man arrived et Constantioop'e on the 10th, repocted hav- ing met a Russian fleet about three days before, not very far from the entrance to the Bosphorus, and’ sailing to the eastward, Soon after the captain met the Turkish fivet sailing in the same ¢irection, and he was of opiaion they could mot continue their course long without coming in_contact. The Turkish Admiralty bas provided a apecial depart- fit of the French and Englisa steamers Noy, 13, it was stated: that a portion of the Russians, consisting of three ships of the line, five frigates, and eeveral steamers had sailed from Sebastopol. Maite letters state tha: the contracts just concluded with Maltese for the supply of provisions to the Eag- lish ships, specify that they aball be deliverable where re quired, as far sa Trebisonce. oft ‘the 16th four hundied vessels were loading corn at jensa. It is confirmed that s Russian ehip-of war ran ashore and went to pieces. Of crew and troops it had 1,600 men on board, of whom 1 400 perished, and the remain ing 200 were rescued by the Turks, and sext as prisoners to Constantincple. ‘A Marseilles paper has the following from Constsnti-- nople :— Admiral Slade, with the ship of the line Medjiaieh, five frigates, and @ steamer, has gone tocraie in the Black tea. ‘His obj+ot is to drive the Russian cruisers frow before Apap, which is the only port in the Oauca: sus ina cosec of eighty miles, He is accompanied bj Seffir Bey, the Circassian chief who was 60 long detain at Adrianople, and be is to supply ammanition and arms to, the Lasghiane, the Legaes, and the Teherkesses ‘This expedition is of the highest importance. If the Turks succeed in taking the fortresses that defend the entrance into the Caucasus, they will put an end toall communication by land between Russia and the Trans- caucasian provinces acauired by the treaty of Gulistan. ‘The English Admiral, Sir L. Lyors, arrived at Malta, Nov, 18, and continued his route to Constantinople, to take commatd of the fleet, he being aequainted with the Ravigation of the Black Sea. ‘Admiral Dundas, with the British ships Retribution, Furious, Tiger, and Nigar, were to proeeed to the Black Sea on the 15th November, to examine the coast between the Bosphorus and Varna. This accompiished he would return to the Dardanelles. The mistion ofthis squadron is connected with the keeping open the mouth of the Danube to commerce. CIRCASSIA. The Vienna correspondent of the Lovden Chronicle, writing upen November 24h, says:—The following im- portant intelligence from the seat of war in the Caucasus, reached us yesterday by av extraorcinsry channel. The Russiacs have @ brilliant success in their encoun: ter with the Turks at Gumri. At the close of the month of October, a body of eeveral thousand Turks attacked the Rursian detachment rtationed on the Turkish frontier, in the immediate vicinity of the fort of Gumri, with the view ef waking ther selves masters of the fort. Lieuten- ant General Prince Bariatynsky encountered them euc- cessfully, and put thom to fight, with loss of 200 killed and%\0 wounded; whilst, uring the pursuit, 500 Tarks were wade prisoners of war. AFFAIRS IN SERVIA. We have réveral letters from this principality to-the 18th of November. Nothing is to be learned from them respecting the hostilities which rage so near to Belgrad but the particulars relating to Servian affairs which they coxtain are of unusual interest. The expulsion of the Rus- sian Coreul General was the universal topic of discuesi: The egents of the European govermments at semi-so reign states like Servia snd Egypt, do not take a regular diplomatic tile out of deferencs to the sovereign power, bat in fact they are acourtomed to claim and receive all the consideration which is paually conceded to members 4 the corps diplomatique in independent States. M. Nuchin ‘hed caly been in Sorvia turee weeks, when the difiiculty which ended in bis expulsion arose. He had visited Prince Aexancer, and had received the viait of the Servisn Minister in return, but he had not been re cognived by the consuls of France snd England, who, jacging acevrding io the law and usage which regulate matters, declared that in default of the herat or exeque tur of the Sovereign Porte, M. Muchin was # congul but im rame, It is no secret that when the Crar and the Sultan were omivally at peace, the agents of Russia were fomen‘ing disecrds between Servia and the Porte, and endeavcrin; to draw over the people of Servia from their prince aad bis sovereign to the side of their master. It was, there- fore, altogether out of the quesiion to allow a Ras-ian agent to establish direct relations with one of the feuds tories of the Porte, and carry on his machinations under the eye of the Turkish Pacha who keeps the citadel of Bel- grade; and accordingly Izzet Pacha roundly told the Prince of Servia that he must expe) M. Muchin, and that without deli That this requisition was complied with our rea ders alresdy know. ‘The excitement prevailing at Belgrade, as well as in the interior of Servia, is eseribed as very great. The first and last object of the Prince and bis leading councillors is to maintain the neutrality of the province. By treaty, Servia is bound to aid the Porte in its present struggle, but it is not by apy means likely that the Sultan will demand this asristance. The Serviany are fellow be levers with the Cear, Their church, however, is totelly independent of the jurisdiction of Russian spiritual authority, the Archbi-hop of Belgrade, the metropo- litan ef Servia, exercising full power throvghout the principality. At the same time religious affinities are strong enough to restrain the xervians from taking up arms egainst Russia, Against Rareia they will plead éuty to the Sultan, against foe Sultan the Nervian gov- ernment will aliege the impossibility of inducing the peo- ple to fight agsinst the protecting power. There are mary reasons + hy the Prince and people of Servis should embrace tue cause of the Porte at the j It was the Sultan who stocd by Alexander Georgawitch, the actual Prinse, when in 1813 his nomination was con ed by the Czar Nicholas and Lord Aberdeen, That youth, as Lord Aberdeen called him (he was only torty- five years of age), has seen the Porte offend its faithful Mahometan Bosuiacks, and provoke an insurrection only to be pu: down by the skill and conduct of Omer Pacha, in its determination that this Christian prinvipali should flourish in the full esjoyment of its rights nef franchixes, It was only in the spring of this present yoar that the Servian Prince received from the Ras:ian Cousul Gene ral a peremptory summons to dismiss from his councils a wise and popular, but too independent ter, M. Garaschnin, President of the Admiais- e Council. The summons was obeyed, and it was followed by renewed demands for the dismissal of ministers, But the people and senate came to the help of the Prince. The latter voted # resolation con: tinuing to M. Garashnin his salary, although he had re Higned office, and presented to Prince Alexander an ad dress, in which it declared that the removal of the min- ister had cau ed it the greatest pain, and then said: “The Nations] Council sees with great regret taat the the efforts made to pat anend to | t reason cf tha feebleness or irresolition of the | Germen Powers, they may rely upon it thrt the most in- | | steamers expected from Con: tan’ Rustian government, not content with the great racrifice which Servis hes just made, hae put forward claims which tend to violate the conetitution, and nacesssrily cause ® most powerful impression in the national mind. The Na- tienal Coune'l approaches your Big ness with the assur ance that, in comraon vith your Highceas and with the whole Servian nation, it acknowle gea the necesrity of defencing the constitution; that it shares the eothusiagm of your Highness for the interests of the fatherland, and in tency with ‘all its forces to assist your Highness, in word ard deed, in whatever you may fiad it good to un- Ceriake for the defenoe of the national rights.’ Such was the language which the de:vian serate felt irrelf called to hold in relation to Rassian pre‘ensions no later ‘han March last. It cannot, therefore, be said that the Porte and the Principality have not a common inter- est in resisting the aggresvive advances of the Orar. ‘The correspondent of the London News, writiag from Bormeh, October 29th, says:—The steamer Queen has re turned from the Persian Gulf, but nothing in the shaps of newe seems to bave bees received by her. Something of importance was, Iam told, looked for by the Persian community here, sa to the attitude the Shah would as- sume in the event cf Rassia actually declaring war free Turkey. One of their number remarked to an fey ngenileman, to whom he was talking-It is all well for the Padishah to pretend to ride with Russia. but, 48 8 Mabomedan, he dare not fight against Mahomedans, and if war does bresk out the Persisns will, asa matter of course, be found on the side of the Turks, THE RUSSO-INDIAN ALLIANCE. The Mshomedans of Hindostan are said to be mach exci‘ed with the news that the Sult.n is at war, and that pe English are assisting him. Recently it’ was an- nounced that the Czar hed formed an allisoce with the colebrared Ixet Mahommed, but prescnt advices tell a different story. It remains to be reen which is true. The Jatest account comes from Constantinople to 14th, and says that Dost Mahomed had notified the Sia of Persia that the Afghans are at war with the Russiins ; that he (Dost) means to attack them in the direction of Chwan, and that he wil) march through the Persian tor- ritory for that purpose with the Shah’s permission, if he iver it, anc without ft if refused. The Khan of Bokhara fran boom Killed by @ bond of Afghan and his place is taken by hin late Vizier, Idhirim, or “ the Lightning. EGYPT. The correspondent of the London Times, writin; Alexandria upon November 19, mays —The Egyptian tinople have not yet ar rived to take the remainder of the troopa, about seven an Affghan prince named thoveand five hundred men, whioh Abbas Pacha hai in readiness to join the Sultan’s army cn Rusats. The number of troops sent by the Pacha be about twoaty five thousand in all, and it appears that bis Highness is ean oe even marae the Sultan with wheat, as he now considers that hes done quite enough im support of the cause. IMPERIAL MANIFESTO AND MILITARY BE- VIEW IN RUSSIA. m & St. Petersburg letter, Nov. 5.) ast week have boen of a f crescend move Fe ry been locking for the long taiked of imperial manifeste. On Saturday last it was said to be in typo, and its appear- coufidently ted on Sunday; but Sunday came. and still no manifesto. It was them said that the Emperor would communicate hia manifesto to the troops sts grand review to be beld on Monday; but when Mon- Cay came there was neither review nor manifesto, Mon- ey beppened to be « rainy cay, and it was then sup- poveo thet His Imperial Majesty, im sopjuaction with the rest of the revoluuionists of Europe, bad decided anti patby to raip, and that the wet weather hes caused the postponement of the manifesto, upon which, it may be truly said, the jeace of the world depsnded. Tuesday's jeuimal was perused with intense anxiety; and {f thers ‘was co imperial marifesto, there was a most elaborately prepared article, recounting an immense array of alleged miurders ané of other atrocities, which were clearly in- tended to herald in the all-important dooument. Up- wards of two columns of the official Journal de St. Peters- burg was filled with ovtrages said to have been committed by the Turks] against the Christieus in the Fast; and this long array waa declared to be ‘small part? of the cruelsies now daily and habitually practised upon the suffering and uted members of the Greek Church in Turkey; and to such am extent, indeed, was this lawless violence alleged to have been carried, that even the British Consul (2. in one place that was mentioned, “had stated his inability to afford the Curistiana the slightest pretection or reltef.’’ ‘This was om Tuesday; on Wednesday, the uausual head- ing of “News from the Banks of the Danube” met the eye in the official gazette; and there, true enough, was the confirmation of the rumors that pad prevailed here for the previous five or six days :—‘' Two steamers and eight gunboate, in proceeding up the Danube from Ismail to Gaiats, had, when near [sak ‘chi, been fired upon from some Turkish batteries, and the Russian captain, Var- pakhovaky, and six marines had been killed, and Uy i six more marines wounded.” Now, the issuiog of the imperial manifesto was looked upon as very close at hand. The public mind had been properly prepared for its recep- tion: first by sine, well imbued with alleged atroci\ies com. witted by the Turks apon the Christian population; (the Tr) collection of those details must have been a work of if not of love;) then by the publication, officially, of the commencement of hostilities by the Turks!|—news which every ove knew had been im town for mony Gays, and had even reached St. Petersburg through the Lozdon re. These unmistakeable preliminaries left no doubt the ‘tment. The pre- 1 given to the Petersburg world late cn Wednesday afternoon ; and.well would it, in my opinion, be for the Czar, if his autocratic power were abis to confixe the reading of this imperial manifesto to his own subjecta; for most assuredly, outof Russia none will tnd unpriselplet, Sate papers’ that ever emnosted from ané up) at ever ema: from a courtry pretending to Beli place ‘among the honora ble and influential nations of the earth ; the entire pro duction seems to me to be a compound of falsehood and blasphemy. Oxe sort of praise may alone be awarded te it—it is consistent, but consistent only in errors ; it is @ fitting conclumon to s seies of outrages upon honor, honesty, and good faith; all perpetrated with unblushing insolence, and, worse than parpatesied under the mask of religion! It was on Wednesday, Inte im the afternoon, that this doou- ment was issued, ix Russe, from the Imperial Serate; and on the following morning a French translation appeared in the official Journal de St. Petersburg; at the same times rumor got abroad that the Emperor had not abandoned his intention of formally communicating his manifesto to the troops. The morning of Thursday was again rainy; but I determined, nevertheless, to ascertain whether there was any, and what, truth inthe rumor. I arrived at the lace ere it was said the Emperor would address the ps) w little before 19. The ordinary palace guard constitutei the only soldiers I could see; but, o! a couple of chargers at the door of th leading to apartments of the Heritier, and ng also officers hastening towards the pe de Mars, I was induced to extend my walk in that cirection. As I approached this spot I at once saw that something unusual was going on there; there were butvery few people in the streets,ard the drizzling rain, both hysically and morally,seemed to threw a damp onevery- ing around. The Champs de Mars is about half a mile from the Palace, and separated from it only by slong street, the Reu Grande Millionne; on arriving at th of which I observed the whole of the Champs de Mars appa- rently one ex tire mass of armed men—horse, foot, and ar- tillery. While I was gazing with tome degree, I confess, of artonishment at this immense mss of troops (the like of which is never seen, even at St. Petersburg, excep. on the grand May review), I heard horses close behind me. I was then s'anding in middle of the road with my umbrella turning round, I observed the Emperor and a ey staff cloee behind me. I retired a few paces, pu my umbrella, and raised my hat as the imperial cortege passed me. I was quite alone in my glory, aud the Emperor very markedly returned my salute. fixing his eyes very steadily upon me—or my pretty English ‘apa- niel, which was stending patiently by my side. I followed on, 0 ose behind the Emperor, and took up a position at the side of the Champs de Mara that commanded an ex- cellent view down the lines. There is no denying the fet that the Emperor was received, cn this occysion, with greater enthusiasm by the tioops than I ever before ob- served. In general, éach regiment gives a simultaneous sbout us the Emperor approaches, and then there is = ead silence until he arrives af the hed of the next regi nent, when the peculiar cry @hich sounds like “sdrave,”” is repeatec ; but on Thursday the shouts were sustained, and, of course, ixcressed in volume as the Em: peror proceeded. At one time it seemed as if the whole, or rearly the whole, of the assembled soldiers were togetber shouting the well-known salitation. No dovbdt all this was to order, for in this country not even loyalty is permiited to be spontareous. Having ricden once through the ranks, accompanied by the Grand Dukes, and atter ded by a most namerous ateff, consisting of from 100 to 120 officers, the Emperor took his place at one side of the Champs de Mare, about the centee, facirg the troops; Bo Hod marched before him- iry, cavalry, and art! [Preeti fn the whol early as I could calculate, to about 60,000 or 65, men, and eighty pieces of cannon. As the troops came round in quiek time each colonel approached the Em- peror, and received frem his Majesty’s hands » Baer, which I suppored to contain the manifesto issued that mornipg, signed probably, by the Emperor himself, with an intimation that the document should be read at the head of e: ch regiment on its return to barracks, periee the whole time of the inspection, which lasted from 1: till half: past 2, the weather was gloomy, and the greater portion of the time the rain descended thi dori: the Inet quarter of an hour the clouds broke a little, am there eeemed s prospect of the weather clearing, but it was not until about am hour after this, and just as I reached home, that the sum burst forth. The troops were all in full marching order, and in their great coate; the Emperor and the Grand Dukes all wore simple mili: tary frocks, vithout order or decoration of any sort; and the whole inspection had this advantage over the great May review, that it seemed a more serious, soldier-like afiair then I bad fetscen during the four years I have been in Russia. men all appevred to be in excellent ccncition aud their accoutrements and clothing fault- Jers. The admirable manner in which the compact masses of infantry marct ed cy—tbetr long bright bayonets t effectively against the leaden sky—seemed to , and deservealy, the approbation of the Em- ror, who looked o1 ith untiring interest at the count #8 battalions filing before him. peror, I thought, seemed sad. He is decidedly increased in bulk since I last saw him, about two months ago. AUSTRIA. ometbing important is evidentiy about to transpire in Hungary. A correspondent of the Times, and under date Nev. 22d, mentions that men and artillery were being Turried off from Vienna to the Hungarian Provinces. During the previous three days Biaety eight guns had left, and the directors of the rail to stop sending goods for eight days, as their freight trains will be re- qnized to send military stores to Hue 4 The nisth sees ree has received orders to hold itself ready to march, Baron de Bruck, the Austrian negociator, har been re- called from Constantinople. ATTITUDE OF PRUSSIA, ‘The Chambers were opened, at Berlin, on Monday, 28th ult., by @ apeech read by the President of the Ministry, ‘The first portion of this address had reference to the intersial affairs of the country, such as the soarcity of gain, and the necessity of ‘facilitating the means of traneport from one part of Germany to another, At the clove of the ace ch tip President called the attention of the Chambers to the fact that their deliberations com- menoed at a pericd of great anxiety, ax regarded external affairs, and at a time when the peace of Europe might be ciaturbed by complications in tie Fast The governmont neither eculd nor would conesal the fact that this anxiety was founded on facts, but still it was prepared t) look with coufidenee on tho future, Prussia, supported by her own strength, and fully conscious of her own power, would ccptinue, as heretofore, her efforts in every direc: tion to maintain peace, and would hold in the cause of posce and moderation an indeperdent and impartial tone througout the whole of this difficult question. Bat, whatever turn events might take, Providence had placed in Prussia a King at the head of @ united, valiant aud pa- triotie people, apd the Chambers might rest assured that the government, on every occasion on which it might be called on to sot, would be solely guided by the true in- tereata of the naticn, Wejor Wildentruck, the Prussian, had been recalled from Constantinople, MILITARY ENERGY OF FRANOB. There is no ostensible movement at the War Office or in the military departments of France, yet it is nown that the army isin the bighont state of efficiensy, and that the ronment is fully prepared to meet any con- tivgency that may arise. ‘he propored increare of the Chasseurs de Vincennes ia formally authorized. In his report, the minister de- seribes the use of this celebrated and formidable corps. They act, he says, as sharpshooters to cover the general movements in an engagenent being grouped cn » given polnt, in order by ® murcerous fire to produce effects ai- milar to thore of the artillery; also, they are employed in special missions, and sudden attacks in an enemy’s country. In Paria it waa generally expected that a battle would be fought on, or soon a ter, 23d November, in the locali- ty between Krajova an¢ Kalefet, We do not see how this could be known beforehand. THE LATES! DESPATCHES. ‘ ALEXANDRIA, Nov, 19, 1858. 10,006 auxiliaries were yesterday hipped for Constan ‘tis "The Mabomedans of Hindostan are in a state of great excitement. Bromarest, Nov, 21. 1853, From Bucharest two words are telegraphed, ‘Nothing Lew.’ From Belgrade, November 24, ‘Ali quiet.’” Mata, Nov. 23, 1853. The Queen, of 116 guns, arrived from England on the ‘29d ima. Pam, Nov, 21-6 0, M, Yorterday Vely Pasha went to Fontalableyu on the Emperor's invitation, ‘The Three per Cents were done on the Boulevard at Taf. 600. Pan, Nov. 28—6 P. M. To day the Bourse experienced some violent fluctua- ‘tions, owing to certain rumors of fresh complications of the question. Prices clesed at a decline. The Three per Comts. closed at 74f. 20. for the end of the month, and the Four-and-a-Half per Cents. at 100/. The following was forwarded at 6 P. M. Nov. 16, by electric telegraph from Vienna to Augsburg :— Up to the 14th, ne Freneh or Ecglish ships had left tho Bo-phorus for the Black Sea Oa the 1@th, 11th, and 12th there were heavy storms. Omer Pacha has recived orders te continue the war with all esergy. Seuun, Noy. 18 1853. Yesterday the Russism Consul General, Chevalior Mu- chin, with bis consular suite, cro:msed over here from Belgrade, The Turkish Pacha threatened to bombard the ity unless M Muchin took his departure. After eo.- wupieating by telegraph with his embassy in Vienna, M. Muchin yielded to Dts desire, ans with om Ae there are two parties among the Servians, bable that this occurrence may lrad to some dissensivns among the Servian ration, and ‘thus open a door for the inter- vention of # superior power. Up to this time Bel continues tranquil ; but a conflict has been apprehended with the Turks, by reasom of Bosnia. ‘ANTINOPLE, Nov, 16, 1853, General Baraguay @’Hilliers has made his first official Sppearance at the Divan ‘he Sultan has addresred a congratula' letter to que Pacha, and presented that General with his favorite OTB. The greatest excitement prevails in Affghani-tan. Dost Mahomed bas declared tothe Sbah of Persia that the Affghane are at war with the Russians, that he moans to attack them inthe direction of Chirvan, and that he is rea lved to march through the Persian territories—with the Shah’s consent if the Shah will give it, against it if such consent be refused. ‘The Khan of Bokhara has been killed by a band of riot- ers, most Afighaps His place is taken by his late Grand Vizier, am Afighan prince, called Ddhirim the Thuader- bolt. Viena, Nov, 24, 1853, No armistice has been conc'uded, but hostilities are vir- tually turpended on the banks of the Danube. Letters from jova of the 17th, corroborate the news of the retreat of the Turks from Kalefat to Widin. Othe 14,000 mem who formerly held that position, 6,000 only re- mained at Kalefat. ed : ds ‘st regiment m-Sacken’s corps pas: through Jassy om the 12th Last. Letters from Belgrade state, that the difficulties be- tyeen the Porte and Servia are settled. The Turks are to Lets the cities on the border, and the contingent of 2,000 men will be permitted to join tha army on the Denube. Vienna, Monday, Nov. 28, 1853. The reports that the Russians have crossed the Danube are all unfounded. The Turks are fortified at Kalefat, strong. There is « cessation of active hostilities, but no srmistice, Viewya, Nov. 28, 1853 It in credib'y reported that a serious conflict has taken place between the Servians and the Turks, near Ushitza on the Servo Bosnian frontier. The Turks were repulsed The loss of both parties is estimated at 600 men. Impertant Financial Intelligence. INANCIAL ASPECT OF THR WAR QUESTION IN ENG- LAND—LABGE GOLD SHIPMENT TO BUSSIA. [From the Liverpool Times, Nov. 20.] The Turks bave thus far defeated the Russian army in the Principalities. Yet Russia triumphs! Gold is the true rinew: of war; and the Czar has reovived no less than £720,000 of British gold in one week. This is how England is made to appear the ally of tyranny, while she promises succor to nations struggling for an independent and reformed existence. We were fully aware of the fact, that ty a shipments of gold had been made to foreign co’ les, of which the people of this country knew nothing whatever ; and now that public attention has been directed to the fact, we are informed that 80,000 ounces of gold were rent to St. Petersburg in the early art of last week, This treasure, wish the £400,000 that followed it om Saturday, was not sept by tho asual route, but by way of Rotterdam and Hambarg. was evidently the object fer varying the line of it. If the lerge amount of 80,000 ounces of geld was 4 away in silence in one week, is it not quite possi it stil larger amount may have gone before it, and with “othe prin yt the vario assigned for e cipal among the various reasons the Bank of Boiss raising its rate of interest, is the fact, that there were certain foreign mercantile houses quite unknown in the leading (sagt circles, but which were supposed to be connected mn govern- menta, that bad become large shippers of bullion from this country. These houses baving dome all they eould by operating om our stock and money ta, another stratagem is te be tried. A Russian loan to the extent of £5,000,000 is to be brought forward immediately. It a) pets, however, that it woul! ot do to, bring it openly fore the British public at this moment, therefore, it arranged that Mesars. Hope, of Ams‘erdam, im conjunction with the Russian court barkere, Msars, Stieglitz and Co , of 8, Petersburg, are to undertake it with the view of drawirg subscriptions from England, But we are not certain that lending mecey to Kugsia under existing air. cumstances is not treason, and, therefore, an iudictable cffence. It is true that England has ceclared war against Bui has declared war formally; but phd and the Briiish fleet is said to be in the Black Sea to sup- port the in their war with Russia. There is here a very nice distinction between war and no war, As far as our ministry are concerned, they have eneand all vainly declared that they would support Turhey in her strugale for indepen: . That struggle is now going on, and how is the fulfilled? Simply by allowing Russia to draw her supplies frbni this coun- try under the plea that no actual declaration of war ogainst the Crar bas takem place. Now, if the indepen- Genoecf the Ottomam Empire isa matter of national im- ortance to England, who is to compensate this oouatry Ror the power that Bas jast been conferred on the enem;? A loan of £5,000,000 added to the £300,000 just trans- mitted to St Petersburg, wil enable the Russian despot ‘to send an army of 500,000 men into the Turkish previn« and this is how England proposes to support the cause o! the Sultan! Why, there is a degree of moral turpitude hang ing about this whole affair tha: must make every honest man and contistent politician blush with shame! An open declaration of war would have rendered the ship- rent of gold to Russia impo-sible, and by thus cutting off her war supplies, Russia might have been compelled to accept terms which she will now treat with scorn. It is well known that at one tim Eqperer Nicho- las hel large amount of Englich or the express purpose of having the power of causing derangements in our money market, by throwing large amounts on the market just as it might euit the secomplishment of his views. And now we are told that the gold which has been recently sbipped is a portion of the large amount deposited in the Bank of England bythe Russian govern- ment, and ss we have noticed some large sales of stock for money within the last ten days, it is just possible that the Cuar bas been trying the effect likely to be produced by his financial operations, at a moment when Eoglanire quires a la: ge supply of gold for her cwo purposes. If war hed been openly declared, however, the wily Nicho- las might have depressed our money ‘market, but hie could searcely have succeeded in getting #0 an amount of treasure out of this country. Our readers will now, we trust, appreciate the motive which basinduced this journal to search diligently into the bullion movements of the last few weeks. We have all along bad reason to believe that Russia Austria were drawing off large amounts of our bullion; but we were unable to arrive at the fact by any other means than directing the attention 0! the public to the subject. With regard to the joan project which has been so guardedly avnounced by our London cotemporaries, there can be but one opinion. If it be not illegel to lend money to Russia while che is shedding the biood, and attem ing the subjugation of allies, it ought to be at once decks illegal. An order in Council cee to be issued instantly declaring the travefer of all Russian stock, dated after the 1st July, 1868, illegal in the United Kingdom. In ad dition to rendering the transfer of stocks, dated subse quently to the invasion of the Danubian States, illegal, let a heavy penalty be inflicted om all persons acting as agents in procaring money for Russis or any other foreign: country holding the porition she does towarde Eogland, and our Ministry may redeem their charscter for consist eney, ard save the nation from years of bloodshed and of treasure. leanwbile, as we bave discovered that the Czar has taken away more meney in one week than emigation and the d sciences would absorb in a month, we al Icok wit creased vigilance to the movemenis of bullion as long as the Rursians continue the invasion of the terri- tory of our ally—the Sultas. The movements of the recious metals abroad is also another important subject for investigation, as we find by the intelligence received yesterday from Vienns, that £600,000 in gold had been forwarded to St. Pete: by the Austrian roment, and £160,000 by pr rmt. This is how Austria ob- serves a strict neutrality | Tois is how she would employ 8 loan if she could raise it in England. We hive already predicted this as a per‘ectly natural sequence, and un- ‘e+6 eome meseures de promptly taken to stop the politi- esl intriguing by which Russia is to be enabled to acoom- pli h her exdr, the sooner our costly naval armamonts are vithdrawn from the Turkish seas, the sooner we shal brew the end of our mock war expenditure, and the bigher our moral and _politizal character as a nation wil stand in the eyes of Europe. REACTION IN THE ENGLISH MONEY MARKET—THE RUSSIAN MOVEMENT, [From the Manchester Guardian, Nov. 30.] The tendency which the money martet has shown, Curing the last few weeks, to recover from the tone of da pression and tightness under which it suffered a month ago—the increasing abundance of m , aod the easier terms on which accommodation could obtained, and the rteady and rather rapid advance in the price of oon- sols from 01, at the lowest, until they touched 96—have all received @ obeck. All at opag, when apparently least expected, towards the close of last week a great scarcity of money was experienced in Lombard street. The dia count howes, who, bat « week before, had been refusing to take money ‘on cali,” except at much lower rates, and were indifferent as to taking it at all, were obli wo resort to the Stock Exchange a6 well to the bank, to enable them to mest the cemands made upon them; and on Satu’day the price of oonsols fell nearly one per cent, while railway and other recarities wero much deprense?. In endeavoring to ascertain the csuse of so unexpected & reaction we are led to the conel ition that th is more than one circumstance occurring at the same time, to ich it may be referred, but rather of a temporary than 8 permanent character. In the first place, there has been a very extensive oper- ation on the part of the Russian government. It may be remembered U at, for many years prior to 1846, the Rua- rian government kept in the bands of an emingat com- merelal 6:m in London, who acted as its agent, @ sux amounting to £600,000, About that time the house re- ferred to stopped payment, when avery large amoont wns due to their Russisn correependerta, At that time the Ru sian government transferred ita account to the Brnk of Erglanc, where it bas ever sineo been kept. In 1847, at a moment when there was a great preasure on the money merket, both in London and Faria the Emperor of Russia took the opportunity of investing, on most fa- vorable terws, ‘be better part of one million sterling in English anc French securities. In 1848, shortly after the rey olution, the French securities were sola; but the Eng. lish cectrities were held till last week. These consisted of exchequer bills in the possession of the Bank, tothe amount of £600, ‘and of Consol, in the name of their own agent, toa further considerable sum. We rea- son to know that during the last ten days, all of these have been gold. It in our business to inquire what the motive of the Cear may be in taking this step; tor, whatever {t may bey dems At in any way affect tue pew ha bas em tcnmanotion oaticely repalan, cola from the Dak aca nit a very extensive export ef bullion towards the ciose of last week, A considerable portion hav been shipped to Holland, which has led to on inference that it was ia. tended there to be invested; but the fact that it had been sted in Russian coim would rather lead us to the in- ference that it is intended to be taken toSt. Petersburg utimately But, at least, it iv plain that so fer as this speculation has affected the money market, it must be of a temporary nature—whether the capital thus removed returned or not. It is, however, mdre than probaole that it will not be long before this money is again returaed te this country, The balance of commercial exchanges will baffle any attempt of the strongest goverament to di- vert money permanently from the spet to which it pro- ey belongs and transfer it to another. The expendi. of Russia at this moment is enormous, and for arti- cles which must, directly or indireetly, to » great extent, from this couatry; and, directly or indirectly, the pay- ment must reach us sooner or later. Itis only a matter of time. Then, there is the question of dividends due to the holders of Russian stock. But even en the supposition that the government of Russi kee; this large sum as a reserve in the case of need, and inves! it Im securities in Holland, as_has been hinted; of this at least, we sre certain,that if there are buyers to that amcunt, there maust also be sellers; and if there are sell- ers in Amsterdam, of Dutch stock at a good price to Exp of Rustia, the chances are ten to one funds so diser will be invested here in English stock —and the whole difference may a few weeks hence, that a certain amount of English is held by Dutch capitalists in place of the Emperor of Russia, And, though ip the meantime the effect upon the next week’s Bank return will be to show @ decrease of bullion toa large amount, yet at least we know that such decrease will not be camed by any movement in the as ed with the ordinary cu:ren: of trade; and that, in way or other, the lost bullion must soon be rec: other reason which is in cles in London, for the une: market. is, that the rates having been lower in Lo street than at the an unusual demand has ex- isted in the former quarter; and, as in all cases, a low rice has attracted a larger share of the trade. | While his does not appear a very satisfactory reason, it is so far sungerted by the fact that thegreat demand has been in Lombard street only, while the Bank has barely sup- ted its ordinary amount of discounts, as shown by a Rendene in the seurities to diminish. But if this reason has te do with the matter, we are suce it must be of the most tem influence. £0 far as regards all more it causes which permanent are likely to affect the money market and the rate of im- terest, are favorable to lower rates. It is well known that, so fer as the Soreremont is concerned, in relation to paying the dissentients of South Sta stock in January, which was a0 long the grea’ bugbear for alarming peo} arrangements for that pur;ose are all completed, and the Bank of England, without encroaching upon its own E Jar and legitimate means emplo: in commercial counts, is prepared, even now, to anticipate those pay ‘ we agaits when we consider that, in to the inary amount of dit & sum of nearly £4,000,000 will be taken in‘o private hands to invest in the early of January, it appears more thar probable that with such a demand for securities, a considerable imprcvenient must be experienced. .The January dit and the South Sea St fo De? ers will logcher amount to a sum lille short of eleven aterling. Of course, only @ portion ef will be rein- vested; but if we put itdown at one-half, it cannot fail te make considerable impression on the market. The ones meee be ty ia pe! besrtod of afsirs im the E to all appearance there is now evi ability of a lull, at leest til tho apring ta far advameeds and, in the meantime, it is to be hoped that a peaceful ‘accommodation may be effected TEE BULLION DIFFICULTY OF AMERICA. (From the Liverpool Times, Nov. 30] The corn and currency question of America is one of paramount importance to England at the present mo- meat. The policy of the United States government im dealing with bullion is precisely similar to that which pay have pursued with the State’s capital in lend. A landed aristocracy and a bullionocracy form the ne plus ultra of republican antagonistics. The letter and rpirit of Americwn legiaiation has therefore bean, from the days of Washington down to the present hour, directed against the creation and ible existence of either or both. In dealing with bullion the Legislature has, as far as it fer \cticable, rendered its accumulation both w al end impolitic, And the views of the Am people and their parliament we find practically carried out by the State’s bank, which ha down a rale net to receive the gold coim of the States at more than £8 166. 24. per ounce, which is 1s. 8d. per ounce be- standard price, Leaving this startling irducement in favor of theex- port of gold to this and other countr:! oversight on the of the American statesmen or legia- lature They had long bestowed their attention on the subject of money, and their decision shows that never looked on gold as anything but a commodity w! was of less value to them than it was to our own and other Euro; countries. As a commodity, however, gold does vary in value in America totally irrespective of the value it bears or the demand that exists for it fa other countries. In order to illus ‘rate this fact, only take the rates of exchange between England and the States for the last and preseat yoar. (n the month of September, 1852, the exchange at New York ruled at 103 to 103 per cent when money was only worth 13¢ to 2 percent in London. And inSeptembe Inst, when money was worth from 5 to 6 per cent in England, bills on London aclé as low as 95; to9%, and at this low rate the amount exported to this country is consider- ably more than the amount forwarded in 1852. ‘he gold exported from the States im the month of Oo- tober last year was $1 465 254 ; while in the same period this year it amounts to $5,164,556. This shows that the” demand for sony im this eure? bas had « tendency to lower the rates of exchange in New Yerk, and that, des- pite this reduction in the exchange, the quantity shipped more than three-fold greater than when the rates were higher. In addition to this, the banks and bullion hold- ere refuse to discount bills drawn against produce shipped to Europe, as they apprchend that+uch a course would lead to er imports of gold previous to those bills ar- riving at maturity, in which case gold might become de- preciated in value, and thereby the holders of produce bills would lose ths difference between the present and the reduced value of bullion. This being the monetary position of the States, all efforts at epeculation in corn have thus far been attended with considerable risk and difficulty. And seeing the rapid influx of bullion iato the Union, we do not think that bills drawn upon this country, which has always paid ballion for breadstuffs, will be Ikely to meet with more favor for some time t0 come. Alrea ly the pressure for money im the American ecrn markets has led to forced shipments considerably in advance of those in the famine year of 1846, In October of the latter year, the exports of flour were 163,967 barrels, and of it 222,386 bush- els. For the same month of’ this year the shipments ef floar are 180,733 barrels, and of wheat 1,147,679 bushels, Now, we are cot aware of the existence of any immedi- Ate wabt having existed in any part of Europe, whlol could bave called for the hurried despatch of such vast quaxtity of flour and graip as we find recorded in the offi- cial retarne of the States On the contrary, we think it wili be found that it was the sure for money in America alone that led to thoze excessive shipments, Ard what must have been the intensity of that pressure when we fiod the freights in October, 1846, were $6 94 per barrel for flour, and 3s. 6d. per bushel for wheat; whereas, at the same period this year, they were paying $6 50 per barrel for flour, and 3s. ‘9d. per bushel for wheat. And freights have advanced very considerably since the first of this month. nee | loobed carefully into the currency difficulties in America, we oan well unde:stand how the corn move- ments of that country bave been produced; but we can see no rearon for this country’s following the steps ot the Amorican speculators, by peying more for the corm we require and its carriage than grain is actually worth, The show that we have alresdy received a large stock from the States, and when the Avet of corn lwisa versela arrive from the Black Sea and the Baltic, we quose tion very much if speculators in this country will mot be forced to realize at a very heavy lous. Tm 1846-7 England only imported 8,910,419 quarters of wheat, of which she exported to the Continent 483,688 qnarters, whie Ireland toek off nearly one-half of the remainder. But where is the analogy between the pre- sect year and those of 46 and ’47? In Ireland there has been # fall average harvest, which meave, if i 8 for anything, that bas growa two-thirds more she can consume, We may, there- fore, lock for large supplies of food from the Irish porta; and instead of having the whole circle of foreiga ex- changes against us, we have shown that it is the polly of the States to send us gold, irrespective of the rates of Pale 3 And to this we may slgo add the fuct that Englsnd has become nearly the sacle bullicn market of the world; and so long aa we can afford from our produe- tions to phy £3178. 10344_ per ounce for gold, so long will England remain the lesdirg market for all bullica- producing countries. America will not pay .it; other countries may pl ag it; but it willeod in an attempt, aa time has proved, by s spoedy reaction in the ex- peg and a rapid return of the precious metals to oug coffers. a THE MOVEMENT IN PARIS. The Paris ccrr-#poncent of the Lonion News, writirg upon Nov. 27, rays:—The ‘little Bourse” on the Bowles vard and in the Pascage de l’Opera, was greatly excived Inet evening by the circula‘ion of a telegraphic despaten, dated London, twenty minutes past three, announcing ® fall of 3% per cent in Consols, The Kente was inmediate- ly quoted 60¢. lower in consequence. This morning the London evening payers were anxiously expected. Une of them orly, the Siandard, does qurte Gon 4, at a quarter past two, at 953, 34, which would be a fall of pearly % per cent from the opening price of 94, but as none ef the others spesk of a decline of more than ¥ to 4 and the Standard itself gives the 8 o’clock price as 95%, it ia thovght probeb'e thatthe Lee deh ad despatch of yester- cay was based upon no better authority than a misprint. ire is n> political news to account for such « serious fi.ctuation in the English fanda, aud it seems most ing bable that they rhould have fallen to the extent reported, and then resovered to the opening price within the heur. Un ier this impression the * little Bourse” was firmer to~ day, but owing to a persistent rumor that the Russisne had crosred the Danube, business was still done at quo tations considerably lower than the closing price at the regular Bourse of yesterday, ANTHONY, DORR AND CO.’ CIRCULAR. Morey, until within the pant few days, hss been rathoe lees in den and, and the quantity of paper olfered has beam conricerably amaler; but the Cemand has now again ime creat, and disoc unta are fully equal to the bank rates, 5 per cent on short first olase bills, with » considerable inoreae of produos, and more sp’ culators’ and ocontrac- tors’ bills offering. As old engagemepts fail due in the abrencect much speculation, and gold boing likely te come in largely, an easier money market may be hoped for after the new year. The amount cf railway calla made in England 41 the year 1863, haa been £11,122,098, The amount