The New York Herald Newspaper, December 29, 1855, Page 2

2 NEW YORK HERALD, SATURDAY, DECEMBER 29, 1855. topol. He bas mares conquest, and may talk about mu- tual restitution, Bus this is alt, Keeeroum is fortified ud we believe that Mou- clog a Gootest sintigr #) oxrrewly successful By ‘he beginning of 'be summer (be allies bave ir in their power to carry On war in esrnestin Asia, as well asin the Crimemeor the Balti The least coanee of su -oesnf il ‘ould suffles to call down edily wake the Rogsian: . We have therefore no cam to be discousaged, although it would be a>surd to affect indifference. But the attention of the nati n may bo fairly called to the folly snd pet'y jeulousics which have led to this re. verre, After tbe cirasters of last year General W iams undertook to assist the Otton an commanders in his cha- yaeter of British Commissioner. He and Co/onel Lake fortitied the two Armenian capitals, one of which has Just made 0 gloriuns a dernce, The miserabie state of the Ottoman forces was the theme of every letter from the seat of war, and the apprehensions of tu’ure danger were increased by the knowledge that the Russian armios were vargely augmented, and that ad- €xtdoval troops bad been brought to the frontier, even by the route of the Caspian. Ali this time the Porte ond its advisers were inert. At o great expense a Iai army of Turks was transporte) to Lapatoria, and divisions were afterwards hurried to and fro between that position and Ka to join in operations from which they were at ‘the Jast moment uniformly excladed. There were not wanting thore who urged the necessity of reinforcing the Asiatic army by a portion of this useless levy. The his- tery ofthese transactions has yet to be mada clear, and it will be for Genersl Williams to give to the world hore = caures cf complaiut which are said to exist, When the city which has now fallen had been inverted for weeks, wnen the interest and iueigna'ion of all observers had been roused, tt was decided to witedraw Omer Pasha and nis army from be ore Sebastopol, then pr ing for its last struggle, and to rend them to the rescue of Kars and Erzeroum. ‘Hew bastily aud inefiicie; tly the movement was made we need not record. At thifmoment Omer Pasha is reduced ‘ inaction py the wants of his cormiseariat and trans- port cepartments. When he wiil be in a condition to abe the field we knew not. All the genius of the most genera) wovld have been insofficient to accomplish ‘the faivation of the beleaguered city under such con- ditions, In derpsir of other succor those woo reflected om the maiter were reduced to put their trust ia the snows of on Armeviaa winter. It now appears that suc- een resolved on by the ney at avy cost. In tho mildest of sufferings proosb’y hardly less than those of the Besieged they have persevered, aud haye scbieved a con- alserable, ibough only a temporary, triumph. from the London Post, Des. 12 No Foglisbman, we suppose, oan hear of Kars without afeeing of ming'ed pride aud regret—pride in the gal ant cetence tbat haa been made by fieneral Wiltiams—ia ‘the epleodid victory that was cue mainly to british apirit and valor— regret wt the gloomy accounts, tew and mow too ecrsin ag they are, which reach ns from the deleapuered cr'y. Our tew brave men heid out, gaunt and grim. ona third of the soldier's ratim—they gave the sireugth and skill of a desperate resistance vo the atubbern courage of ‘be Tura—alone: far from vho din and glory of the main str ggle at Sebastopol, they tought to the last. hopiry for the relief which might yet reach the place before the fatal necessity of surrender. What- ever wight be the result or this contest, whether the sturdy defenders weicoved at last the comiog of Selim Pashe, or whether, worn out by tha long and rigorous blockase, and disappointed of reief and Provirwis, they, whom the Russians strove in vain to conquer, savk under the pressure of famine, the glory of the resistance should be the mime. It will be toid in after days as «ne of she heroic episedes of the Rossin war, Kars and silistria will go down to posteri- ty amerg the tamous defences of » time which may yet give us unre Gerperste specieens of courage and euiu- werce. ‘Ibe great axffieu.ty of Kars was w:dondtedly the geting supplies, Foiled and beaten repeatedly in ‘their Attucks op the town, the Russian troops had establshed @ rigorous blockade, and the garrison hes starved aul- lenly and desperwely, hopicg that Solin Pasha might torce his way to their aid, or that ‘he skill and courage ef Oper mgb’ create a diversion in their favor. We have been anxious to share these hopes; we have sympa- ‘thie warwly with the science and herdism of Wiltiains end his ite band of Englichmen—sith the stabdsorn fensei y of the Turks whom they commanded. Wo fear that we must now reinquist these hopes, and that our interest must follow the garrison of Kars ia a surrender, which is a melansholy eadiog to their glorious resistance. Our Paris correspondent, it will be seen, writes that. if his in:elligence be correct, we may fear to Warn that the hercic gariisom has surrendered. Taere fa no doubt of the currec'ness of the report which be mensions, thst Seiim Pusha hay been compelied to re- ounce bis attemp: to relieve the town—that he was too lere to pass nich bis convoy of provisions through the defiles woi'h the enewy had ocsupie}. he tlymg ra- mors which are the peouliar enatactoristic of all Asiatic pews—which herala every calamity, und which bear evil inteligence with astoviching rapidity. have brought to um come time since accounts of the tall of Kara, either as bavirg ken place, or as being close at hand It is with the deepest egret that. we now receive intelligence which we cannot deubt, confirmiog with 109 much secu- rity thore ugly shotows iuto the substance of an event that has come. Kurs, we (ear, bas by this time clove! its ricus and bervis resistance by surcendedog to the Sree of famine, fivciog all hope of rehet to by vain. We kuow notenengh os yet of the difculties which may have jain in the way ¢ frei: fto Gea. Willams, to blame the Tarvish government for sujloenese, or to fad iault with Relim lashs for being too lite in bringing tho relief with which he was charged. These are matters of whisk we aball be betier able to judg» when wo have the circum: srances more fully before us. At present we refrain fecr judgment on any jart ¢f the transactions except the eenduct ef the garrisin ot Kars, and the skilland cou- rege of their brave commander, Ou tbis point, at least, there ean te nodeudt, General Williams, unsuczerstal though Le be, will hold the repatation of deiog one of the ablest ecromanders, oot less than one of the n olsst men, ip the B itish srmy, and galant fellows who fought under bis coomend w bear \h: well carne? namo ot having distinguished their country by one of the most obstinate and heroic defences on rec With ‘the smallest merne—with troops raw and undisc'pliaed— ‘working them-elves at thegneans of cefence—the B:itish officers at kare have shed & lustre on the name evea of thelr service, and have won tmperishab'e honor from theirenenies, Let Pgland give all honor to these men even more 8° ravieff will —let her think of the fuli of the town not as a disset-r, bu: as the conelusicn of one of the most glorious pices of endurance, shill and conrage ever shown in wariave — dot her ro General Williams ae a man who has lost his tewn, but has, in jesing it, won all prasivle hovor; and Jot her think Cf the cotoing campaign in Asia as’ of a woene where this reverse may be ducanced in the fature dy deers not wore daring, but more fortuns'e, Let her hore that the allies may have leisure aid inclication left them by their triumphs in Europe to look upon the course of their Asistic campaign. and to secure by vigor and premptitude the glonous and suecersfal_ ead which ae have awaited the conduct of General Wiliams at ars. [Frei the London Globe, Des. 14. The Pimesef his tmoraing coutatns a despatch from its Vienna correspondent, daied 11 A. M. yesterday, stating that nothiog was then known in that city of the full of Kare. We fear, however, that this gives'no ground for bope that the intelligeace of the capttulation which has been publi-bed is otherwise than (oo tras in every re- spect. From Paris letter, Dec. 19, in Globe.) Although the intelligence of the fall of Kars is not con- firmed by the announcement of the fact ia the Monitur, the desperate condi ion of tho town and its heroic defend’ ers renders its capitulation only too probable. The gene- yal feeling here, however, seers to be, that the Russians ‘wilt not be allowed to renin their prize for any length of sime: but this feeling s-ems to rest on nothing Letter han the conviction which alt feel here, of the inferiority of the Russian soldiers to those of the allies, OPERATIONS IN THE CRIMEA, [From the Loudon Globe, Dec. 14.) No new hight is thrown upon the skirmish in the valley of Baar beyoud the detaris commun’cated by Marsant Petissier, Tie three villages men‘ioned are stvaated on ‘the northeast of that fertile b-sin, and form a mght- angled triangle, of which Baga is toe apex, looking north. east, The hills euelosing the valley ran ina long ridge from Skvaka pearly due north, and where the road from Markoul to Page bresks ‘hiough the billa, they trend gray ina westerly ction towarda Ozembash. The Toherveya, rising aunong the hills to the east, posses south of Skvaka sod norch of ckella, aad nearly bisect- ing the valley of Beidar, runs by the pss of Alsu iato the proper Tebernaya valley, below the Mazkencie rig». Where the French ou withdrawa within the Be valley, they were strongly posted at Oarkasta, Begs, Skvaka and S} elia, with reserves close at hand. ere three vilages, therefore, formed the extreme right of the allied position. ‘Te reach them, thy Rassians on the Upper Belbek probably marched oy the paxs lead- ing irom Markoul to Paidsr. To reach Skvaka, they mast Ihave passed along tho eastern ridge of bilte, and their ao- pearance fo far south would indicate that they oscapy the neighorjog valley to the east, where the Tshornaya takes its rise. The object of this movement of the enemy i: fs dificult to divine: it was probably a simple resonagiesance with the view of testing the vigtiance of our allies, and of avcorrtaining whether a surp: ive were practicable in that quarte: ‘Poese pwall incidents of warfare mey be ex- e'ed to oreur throughout the winter; but the enomy is mistaken if he expects that he exn make any impression on the position of our ailies in the valley of Baidar, THE POSITION OF AUSTRIA. {From the London Globe, December 14.) We obverve that several jourrals at home and abroad, tm discussing the probable course of Aastria, lay consid erable stress upon certain statements which have been made reapecting t! ¢ redactions of the Ai It ix wrgued that there reluctions in‘ieate the resolve of Austria not to co-operate actively with tho Western Powers under any cirovmatances that may arise from the mpwillingners of Kos-ia to offer such coneessions as the future security ot Europe and the success of their ating warrant the Allies in requiring. We have no better means than our hbors of caleniating upon the course which Austria may pursue in that event. ‘We may, however, express our belief that the statements upon which the speculstions to which we refer aro based, convey a vory erroneous impression. Itis trae that numbers of the Austrian soldiers have been allowed to leave thetr regi- ments to retarn home, These men, however, are all soldiers of experience, they are Mable to serve again, and the natuie of their furlough is such that a very few days? notice would suffice to render every one of them agaia for effective service, The wedsuce, we believe, tx dirtaved by motives of economy of inoney and economy of men. The place of the etd soldiers thus sent from their regl- mente is supplied to some extent by recruits, ‘Tho mea- ware in realily is one rather of increase than of diminu- Vica, and therefore Coes not fulily warrant the conclasions that have been drawn from it, THE DANUBIAN PRINCIPALITIES. Accounts have Leen recetved representing the wtate of Rusia as powerfully aiding the actempt MEW negotirtio Bt is kno conspiracy was secretly pressed in Listle Rus t four months since, and nothing bas since bern heard of those implicated. ‘The ramifications embraced the bigher classes of so- and among the arrested were the son of a former er and four generals. Incenoiwry tien have secome common, and that which bunt dowh ‘he army slorehouses at St. Peterrbusg, sone Hime back, is said not to bave vecn actidental, Noves sre sti] pssing on the subject otf the Danublan Piinei) alities, notwithstanding the postponement of the conference. ‘The Emperor of the French is sai insist on a pro- virions! arrangement, so that Russia may find it a fait accompli, THE NEXT CAMPAIGN. [Frem the London Giobe, Vee. 13.) When Englana went to war in 1864 che had, from causes for «high few can pronounce themselves entirely irresponsible practi ‘abdisated her functions as a first clars milita:y power, and her utmost effort was the despatch of a respretable fleet to the Baltic, and some 25,000 scleiers to the Black Sea. The fleot was hastily ‘uipped and ecmewhat grotevquely minned, and the raee #eldiers were merely 25,000 fighting men, deficient —xcept as regards discipiine and gulantry—in those re- quisites which cunstiture an efficient and Complete army in the field. The pature and extent of these shortsom- ings are too notorious to need recapitulation, nor is it necessary to repeat the disasters that ensued, further than to sey that it is only now that we have ceased to tee] their effects. Nevertheless England has managed \o stand not unsorthily beside her great ally, and she may honestly claim her share ip the principal results that have been achieved, viz., the total suppression of the Ruseian naval power in one sea, ita complote destruction in another, three decided defeais of the Russian army in the field, and te sl+ge and capiure ot that fortress whish was justly the prize of Russian science, and the chief in- stiument of Russien sggreasion. In 1866 we shal) make war with an army nuwerically proportioned to our position. anda fleet sufficiently la:ge to ace mp.ish anything tbat a fleet can well. accomplish Besices the Jarge sbipsef this year’s Baltic fleet, we have any new vessels, like the Mazlborough, Conqueror, Brurseick, Victor Emmanuel, Sutlej, Shannon, and Pear), which bave first floaied within the last few weeks, and will be ready for service when they are required io the spring. Fach we k that passes witnosses the début eed the waters of some half dozen: little gunboats— Biters, Snappers and Teazers— whose deels we are sure will not belie their naraes.. Altogether. we may calculate upon baving available next summer soine forty Mne-o'- battle ships and heavy frigates of the new beavy armed class, about twenty corvettes and smaller ves:«)s of war, wirh not less than 170 or 180 gun and mortar boats of light dhanght, each mouning from one to four guns of very heavy calibre. There will thus beat work ia the Ba) ic seme 230 vessels of all classes under the English pepnant, propelled by steam, most of them ex- preesly built for the pecutiar service which they will have to accomplish, efficien'ly manned and carry- ing more than the usual force of marine artilery and marines, which latter admirable and most usef.l corps ia now atits full strength aud in the highest state of dis- cipline. With the powerful co-operation of the Emperor Napoleon, we may excect that the allied movemeats in the Baltic next year will he ot a character to eclipse in interest and importance the operations hitherto carried on in the southern portion of the Rassian empi e. What there principally concerned expect in that quarter muy de inferrea from the exertions which are kno va to b3 at this moment made to fortify the Neva and the immeliate defences ot St. Ferersburg. As regards the forces unger the command of Sir Wm. Codrington, "e may roughly calculate upon having it, exclusive of anxiliary non-com®atant corps, at a strength of 100 C00 fighting men, ot which over 70,009 wil, be British soldiers, 10,000 Torkish Contingent, and abot 10,000 or 42,10 German, Swiss aud italian Le gion. ‘The 70.000 British we have at present herween the Crimea, Malta, and the depots at home, and few of them will encounter an enemy with Jets than e'git or nine months’ drill. We tnink we may now say that the arrangements for eupply and Jand transport ace cn a scale fully proportinned to the wants ofthis army. Of the forces vf our abies we can only Le generally, but we capnot exaggerate wheu We an- ticipate that Froneb, Englisu: and Serdinians will amount te considerably more than 200,000 men. fo the accomplishment of what objects this great force is destined it is not for us to say. A French weiter hoa remarked that the allies are not likely to waste their strength in gaining victories merely to poesees them- selves of profitle:s positions in the Crimes; aad with a to sirike a blow on any pint, it 1 not our gome to give the choice of the field uf batile to the Rus- tivns. We have already bri liant earnest of what Omer Pasha’s w my con do in Asia. and with an unrivslied fleet of transports, we can send large armies to whatever print of the Btack Sea littoral we choose, The scenes of at ack, then, wil! be thore where we may hope to reap the greatest waterial and poliuical suscesses; und in the fall confidence that the forces of the Allies will be used for the best, we look forward with all bope to tha attain- intnt of the most rolid results by the campaign of 1850, JHE FRENCH ARMY IN THE EAST. ccm the Faris Moniteur. } It will be romembered that, in the latter addvessed by ike Emperer to Marshal Velissier, congratulatiog hia on the victory ot Tractir, kis Majesty anuounced the resolu- tien of cwuting the regiments of the army in the East to Le relieved in succession by fresh regiments sent feo Fierce, ‘The cxecuti oi this measure has ulready commenced. Two fresh divisivys, one under tyg orders of General do Chasecloup-Labat, the other conMsting of the Jamin and ie Wiigaces” lett Marsebkes soma wecks ago. and eady arrived in the Crimes, Oa tho other hand, tee divisions from the Crimea, one formed of the Im- juard, the other consisting of the 20tn, 30th, 50th h regiments of the line, are returmng to France, and will in a few cays be in Paris. Fince the end of April, 1855, the time of its arrival ia the Crimea, ontil the fall of Sebas’opel, the division of the Imyerial Gaard took a glorious park ix all the com- bats that were fought before the walla of the place. On the £4 of May, in defending cur treacbes attacked by a torm! Me sortie of the garrison; oa the 22d ot May, al the taking of the cemetery; on the 7ch of June, at the Green Mawelon; on (he 18th of June, at the attack of the Malekea; lastly, on the memorable ‘day of Sept. 8, the Tnoyerial Gnard knew how to show itself worthy, by ‘diat ot hereiem, ef the rank which the Emperor's ‘conideace hae previously asrigned to it in the army. Tbe amount of its losses attests the part it payed. It had 140 officers and 2.471 uncer officers acd soldie:s killed or wounded. ‘The four r nts of the line who are returniog with the Guard belung to there originally forming the army of the Fast. Having arrived at Galjipolin April «nd May, 1864, they fovg\t by turns in the Dobrudja, at the Aima, at Inkermunn, Kertch, the Green Mameton, the bridge of ‘Trektir, aod the Malokef They havo endured all the boreSbips of war shed their blood on every battle held—it Was Jutt that these regiments should at Jength take some repose, and yield to others the place they have so long and to nobly held in the ranks of the army of the Kast. FORTIFICATIONS AT BT. PETERSBURG AND M_SCOW. [From Berlin Letter, De ‘The telegraph has, J irnet, ulteaty ccaveyed to you the inielligense which I forwarded you this morniag as coming from St. Pecersburg, that the Russian govern- Ment engineers have received the commission to prepare plana for the fortifieation of St. Petersburg and Moscow, Iv is unéerstcod that G ‘si Dehn will be president of the committee which site in St. Petersburg for this pury ore, while General Todtlebon will preside aver that w. ‘This scanty newe is a) that the telegraph ght us at present, In a day or two mae we my Perhaps get sore ad.ition to the meagre outline. ‘That a wililsry coaneil or councilef war was a out to be held in St. Petersburg, as I have already informed you, teeing, from letters irura that capite), to have been gererslly looked forward to at the beginning of this wonth, Ju addition to those generals and high officers tha'§ I 5 din my late letter as ha: ing arrived at the eneruls Podtleven: Mens hike to have gene th followed by mas : the F lenshi, Counts Stergonoif and Lewasehulf, ned Baron Von ‘Tettenborn, all attsched to the suite of the Emperor, lof St. Petersburg at the same time for Moscow. FORTIFICATIONS’ OF NI A letier from Cdessa thus dese which the Russinns are maki fortifications of Nieelaiet in ever Allies in the ensuing canspaign, ‘Travellers on their way from town is qui(e metamorph » 6 tom Clstarce Nicolaief + ¢ tho apprensh, ) Libro are in bat Whole streets of little buildings lave 7 in order to make way for the barracks and \< the magazines for military eflecs and raunitioas been balt bomb proof. The Admiralty that was ia now hanged inte & tar fort, Admiral Lazare. Everywhere prodigious’ act vity is dieplayed, and the bricge near Varvurottka ia perpetually blooked uy with guns and loaded wagons. The Grend Duke Coustantine inspected lately 80. newly arrived morters, with which the batteries Oa Spassin Point are to be armed. Hie Imperial Highness was ex- tremely pleased with the rarge and power of these pieces of ordnance, the carriages of which have been made ax cording to the suggestions of General Todtlesen. The mortars were cast in the imperial foundry of Lekutak. NEGOTIATIONS FOR PEACE. [Frem the Loucon Pest (ofii¢ial organ) Deo. 1] We have already repeatesiy #tated thet foc Baglant and France there is ovly one peace possible, and that ia a pence Which, by procuting the recognition and guaran- tee of all the advantages which we have won and now bod, should annihilate the aggressive power of Ras ta, The nature of the terma necesary is patent to all the There can be no mistake about them. Note ship in the Black Sea—not a Rugefan fort at . No Mu-covite gripe on the very throat of the » No more protectorates and interferences—n> more overawing, becsure no more means of m nacing wesker neighbors, These main terms sealed im a treaty, secured by material atees, would, there i# nota doubt, secure pecce if Kasia would yield to them; bat no other terms are possible, and we are sure that nether the people of Engiand nor France—neitter the Eng- sh Cabinet nor the government of our nople ally—would Minten to any other proposals for a seitlemont. This being #0, we are told that negotiations are going forward, and that Austria, deicg ths mover and promo- ter, is now actually the secker of peace. Then she mast be Seeking peace on our concitions, for no Russian to. tns could find neceptance here. whilst our terms, on the con- trary, if baply not now, must hereafter, be acceded to by the Czar. Austria is, no doabt, anxlous—deeply anx- She reaps no glory, and can calsulate on no advantage fiom the war, She has no trade as Prvssia hae. With a wretchealy poor treasury #10 has to keep up a megnificent and ecstly army. Hor ever moving ngoinst as was ont of the question. Tt would be her annihilation. In neutrailty, she fondly imagines, Jay her securiiy; but sho finds meutraity almost as dangerous nea dolder course. if she move now, it mast be With ws: ard if rhe press urgently for powce, tt is pon our tere ‘Thee hes always been vast deal of cxpetieney io the polley of Anstria, and her not very eh ous reason for not joining us ia the outeet fn ti fence of interests unioivabeal y European avd coninently Paoubien pd Austrian was, that she ff com rge armies of Russia in Poland and ale ¢ , to let, “Idare tot, wait upon f won't’ But since then the scene hes changed. Ruwais 0, now, 80 rich ig men—and, with a prodigious fore °> ue fous—for pence. Crimea, and a vast army that she will bs compe'led to station next year slong the Baltic, sne will have but a mesgie and #0 array with to th estem-tag le- gions ot Austyia, who need no longer fear her, but In case of quarrel, might now encoan'er with con tder- ble ratety her once neighdor. Austria th rheps bi herto ing Ped ow tr ch would er “Me 80 gieat o power, is not wauting iu ssgacity; aud, matters ‘annie as they are, it will not surprise us to learn that Austria accepts as certain the defeat which Rusrian pride may yet refuse to foresee, and that the Cabinet of Vienna, made up ita mind as to the final triumph of the allies, resolved to urge, even now, ry see upen their terms, preparing even wo ‘prevk alto: gether with Ruasia in the event of her refusing them, {From Berlin Letter, Dec. 12.] The peace rumcrs assume at last a sori of substance. ‘The following may be relied on as froma good source. ‘The Cabinet ct Vienna, forcioly impressed by the fall of tebastopol, and the p) lerance gained by the West- ern Fowert—a pi rance thet could only be in- crease by @ continuance of the war—sought au opportu- ity of communicating with the Pewers, and espe-tally with France, who showed herself wore feyoradle and son- ciliatory on the matter them England. Austria proposed $n arrangement founced on # new interpretation of the Four Points, taking as a basis the neutralisa- tion of the Black Sea. This arrangement, signed in the form of preliminaries of peace, was then to be Prevented pot only to Rartia, buy to Pras: 180; and 4s s00n as those Powers ehould give their adhesion, ne- otiations for peace might be reopened with w certainty of their leading to a successful reault, At present this arrengement may be regarded as concluded. No further doubt is entertained bere but that the toree Powers are ced on the more essential points i, oomprebends, and that the bares are fixed on which pence way be con- cluded, It is, of course, eusily seen that thid diplomaic incident has's real paciic value omly on one con- tingency, bat Austria bas assured herself of Russia's acceptance, As it is scarcely probable that Austria woud have promised her active assistance with much risk of o refusol from the great Northern Power, there is every room for belief that the Cubinet of Vienua con- ccives itseif sure of that accepiance. Yet the la‘est intelligence we have here from St, Pe- tersburg is anythicg else than pacio, leading to the be liet tbat the would energetically repudiate all idea of neutralizing the Black Sea. Hoseyer that muy be, it is marifest that everything depends on one circum- stance alone, and that is still a Cabinet seer-t, viz: whether Ausiria is in vnison, not only with the maritime powers, but also with Russia. It Ls very remarkable tha! the German States, espectal- ly the third group, represented by MM. Ge Beust aud de Pfordten, really stand for sometbing in these new at- tempts at peace. According to all appeurance, Bavaria end Faxeny have been initiated into the iiations toat have been going furward both at l’aris and Vienna, Both kingComs have sent despatches to $5. Peters ourg, in which they écmenstrate the necersity of submission, end of accepting even the neutralization of the Black Sea, in case of need, This step, whatever the German prose may ney, is not without ‘a certain value. Russi» as hitherto persisted in resistance because she eouid reckcn at Jeast on the neutrality of Germary. The third group of German States, known as the Bamberg section are precisely those that, clinging to the side of Prussia, Je to paralyze Austria, and maintain the ne yof Germany. Ifa coalition of the Gernan sates rarges itelf on the side of Austria amd France, it ts ciesr that he chances of Rursia are dimmishe). rus. ria by herself would searcely be able to retain Germany in t8 yrevent poliey. From Paris letier, Dec. 13.) The rumors that we are approaching the termination of the great political crisix, or, in other words, that we are on the eve of peace by the seceptance cf the Aus- trian propositions on the part of Rueria, are zife to day— cn what new ground I am unable to sey, “as, since iny letier of yesterday, J huve not become ‘szquainted with epy uddiional fact which woulé ovntirm or emniracict 1°. A strorg ¢iflerence of cpinicn ti) exists on vhat pwiat amorg perecos of Judgment, experience and knowledge of public effeirs. " Ibat Rustia is in ® very critical poriticn few seatly deubt, but that she is ready to wc- cept such convitions as those go often alluded to, and which we haye a right'to ¢xeet, ia not equa'ly certain. A conidential letter from cne of the petty Cormun cousts, whose attachment to Kus:ia bas never bern eall- ein question, desenibes her condition ax nearly intoler- able. The greatest penary prevalla; the country 48 ex: heusted by its efforts co supply de wants of the army of the south; ladies of the highest rank, inciuding ihe members of 1be imperial family, hove disposed of thetr ciomenca to come the aid of the teasury; #nd the dissension among them is go grest as to buve exturted recent!y froma German piince the avowat tbat cf the piincely families of Kurope be knew nove that was bav- Plier than that of England, and none more to be pitied tan that of Rursia. ‘the personal sacrifices mode by the wealthier classes of the nobility may be proofs of pa ‘riot. ism, but hey do not the jess incicate the conditicn of the country waich requires them, THE LATEST. (Fiem Paris Seth te rs a Post (second edition, ec, ‘he beat information in wy posression at the present ronent, esto the peace question, iy this:—Rurcin has Dot ficielly commissioned, or esantenonsed, sny propo- sijons. Austrian diplorracy has made sugges‘ions, which rave been submitted to Paris and Londen. iho Cabixets ot France and Engiard have requested that the raid propositions for peace +hould be stated more c'carly and that they sheuldal-o be fyily ranctioned by Rursia, attempt is made at Begotistion, At this stag afar, Austria ie suppored to Lave ‘communicated With St Pecerspurg, and ro tatters remain, Mear while, every little German Cour: is busy in talk- ing, nnd the large ones in writing. You revst expret to Lear the movements of German @iploraatic genuiemen con ested into «missions? We are at » perion when the public rend with great interest a romantic newspaper ature founded on fiction, Aussia és maling tm eparations for the spring conpaign, the Allies are dung ihevone. "ie guveroments cf France and England are perketly asreed. Svch is the cata on which tho public may Tea ly rpeculate (with the probabilf'y of ar- riving at correct eopelusions) if they care not to be de- cefveu by the exaggerated importance which Is given ty the mort shadowy hopes of pace. ‘The Position of England. U'rom the London Chionicie, Dec, aa Although the avnoune: ment of the capitulation of ais is not actually oficial, yet there 1s no lorger any reascn to doubt ihe accuracy of the information, as the news is brought by the gallant General Kmety, who took such gn importent part im cefence of the beleaguered city. its esptare opens up a new view of the question ef the day, In what light will that event be regarded by Ler Mejesty’s ministers? How will it atfoct the alleged 'y of the Eeperor of the French to conclude a peace? An(—more important still—what effect will that success prodnce on ihe Rursianst An antwipatory summary—or what pwiports to be such—of the forthooming message Of the Prevalent of the United States, ‘has likewise been mane yrsb- lie, which also furnishes seme considerations affecting the fu- tive poliy of the country. Aeevming thit ths mescage eonectly “reprecenta the views of the United States go- yerrment on ceriain important questions, how will they te met by the Britich covernment? Will it be wcmitted that Frgiat d's weakness is America’s oppor- tunity? Lo her Msjesty’s Ministers consiler tha: wo al have too much on our hands to justify our as suming a lofty tone towards the Uxited States? Or shall wo reject the temporising part, and persevere in those Cemenstrstions which bave alreasy given rise to a wa: like tecling emorg certain classes io both countries? ‘These are sutj ctr af interest that way well supersede those speculations on the queetin of peace or war in Kurcpe, whieh, for a censidecavie time past, have pre- oeenpied the putiic mind. The fate of Kare wes but a quesiion of time. Anything in the shape ¢{ a victory ts reecgnized ave gain in war; bot a trinwoph in actual conftiiet is by civilived nations valued more than ene gained by mere strategy. The gailant defenders of the cevoted city wbich has now been compe led to war render to the Russians, had, iu the most briliiaut msiner defeated thar beleaguerers in their attempt to carry it by aevault. Thus far the glory Is with them. ‘Their fical defeat is owing toa mere inglorious for; ana although the Russin general may, as a strate- gist plume himecif on bis snecess, bis sai ion mans yee by bis previous failure as a &¢ ’ b Wwerer, this piece ot good fortune wi iy the Court, ond repreeemted to the peosle, in a very diferent tight, A nation which can be cajotea into we benef ttata sunken fleet is not a vanquished one and pat a retreat trom the rtrovgest firuress in the world, ‘eran chetirate siege, war a Volantary act and triumph of strategic penins, may easily be that the capture of Kars fs a set off to the fr se burtepo). Should it te the pelicy of the advisers of the Lmperor of Russia thiato represent it is not Ciffeult to ree thet their resolution may influenee upon any suggestion: with a view to peace, ut the «xy indulged in heretofore by the puy- lic in Ergland and France were fIusory, {t be inferred that ‘heir frusteation would now have heen rendered a matter of certainty. There a ¢ thore who will urge That such « sue 1 inflame the na- ticne] price ef the Russians, and render it more df Meult for the Cynr—if such be bis desire—to bring himself to the pool fon of proposing terns. Others cn the cootrary will te of opinion that the convenien’ pretext will now have been farnisheo, which would perinit Kussia to ne- gotiate without fear of “humillation ? At any rate, the eapture by the Russians of eo important @ place, dearirg sid further their read to Constantinople from the Arfatic side, ought to force apon the Britisn govern- ment the neecrrity of at ones tarning thele attention ia the direction of Asia Minor, with # view to affording the aid ot Europesn troops to Umer Pasha, and of effectnatly checking the udvauce of the enemy in that direction, Lut such resolves, it wil naturally be seen, coud on'y he tuken by a government thoronghly fa’ record on the subject of the war, and determined to path ft with vigor, Segardless of all considerations buat that of “the ight.” Ts the Britieh goverament in this ption? Are the views of Lord Palmerston snd bis colleagucs so entinely harmonious ax to permit anything Detter than that negative vigor vhich would con'ine it- sel to strengthepipg cur military resources on the pre- sent limited field of ection? Not long since, in the full fiurh of the French alliance, Lord Palmerston boasted that she geverrments of France anc England formed “only ove Cabinet” Is that the care at the present Ume? Is there seme chromis and constitattonal tendoney fo diseord in the present Cabinet ready to break out at it in Muse regarded the treve menvion of the word “peace,” or at every fresh deward for s more vigotos prosecuti m of the war an a grancer seale ? In Lord Aberdeen’s Cabinet, Lord Pal- d ta baye headet the misority who carried by pubiie opinion 5; and yet the history of hiv own record cf successive dissensiora Cenenrrent testimony trom many that the British government pied the views of the Emperor of tie Freoch on the “cflicious’’ ¢ffoits at renewed negotia ions, whatever theee views may have been. Yet it is dificult to suppose that Lord Palmereten coald have yleléed without a sirug- Je, oF that he would have convented quietly to forego Eo cdventage whem the prey be line watched fot during fo many Jeure was at length in bis grasp. Are we doom- ed never song’’ government? Does Lard Talmere' on ‘he moral courage and the en- ' ‘ petrictem wich ) ork the great statesmen, and idogumh Wii front dhe me c minister and office helder? Uut a very short time will be reguiree to decide this { question, for the polities! horizon is éark Indeed. The concitin of our relaticns with the United States bas ling been of en unsatisfactory, f not of a were fi ar. to the heed of # ministry is but @ of the reme bind, character. It is very well for the American matermen to mask their ambitious on ad under phraves of diplomatic cow: bat Mack teieilch Leglat nee usage the bene ment may ” fiting by her weakness. The ‘Awmerics us the craft and upscrupulousness of the age: States, wichout ackno their Ee kteettiosl daw; and ~~ United pe make a merit of opine in Euro 8, have certain objects nearer yatta main atanee even bo aitempud without an implied purpore of hoatility. That governwant {4 vo- toriously urabdle to restrain the piraticel propensities, on rea and on jand, of ita ill ee ton ory a5 pet i ex- bibits @ mest ancmelous sensitiveness, if any European nation sends out its fleet to protect tts menaced terri- tory. In strange contract with the profes-ions of American statesmen, that they will not incermed- die in Eux is” the. dictatorial tone they have assumed towards Denmark, and therefore to the rest of Europe, on the subjee: of the Sound dues. It such ia intended to de adhered to, the conference on the eubject, iuvited by the State, which wards the entrance to the Bultic, ia a mere farce. Enerisane virtually refuse to recognize the right of Dea- mark to exact thore dues, althoug® they bave ceen sub- mi(ied to and senctioned by the other Furupeap powers. Jt ir not the subject of the cispute—which, after all, iv trifling—that requires aiteniion, but the {nsofent man- ner'in which the American clatia to exemption is set -fo.th, that demunds immediate noti:e. The ‘o jon ot the West India squadron was a measure of vigor which seems to have produced its effets. Aa vccaswa ior further demonstrations of the sume kind may ao:n ceour—eepesialy should the alleged negotiations for peace Jead to no result. It Lord Palmerston were reuiy master of the éi'uation, Le would por hapa be prepared to act with the reces vig rand determiuution. If he is eply the nominal head of s divided Cabicet, an impotent struggle retween his wil ard bis weakness will only tend to bring bis country into contempt. teh Minister for America, Londov Hovaid, Dec. 7.) Several of the Jea“ing American papers received by last 1h organs slike -f the party ia office and the eppo- ‘iene pete one ot two Englishmen as the prooab¢ sus. cessor of My. Crampton, at Washington, iu the event of ihe enlistment unplearantness leacisg to his reeal, whiev appears to be regerced «: mater of course, Ove of theso 18 Mr, Mathews, our Consul at Philads Ip ria, impli. cad in the acensation of the Russiaa egent, for sush the informer ayows himeelf to be. The other ia Mir W. Gove Ouseley, K. C. B, Both these gentlemen are higiily esteemed in ‘the States, and the appointment of et her Would Goubtiees be received wih great satisiastioc tbrovgLont the Union as a piedge of the pactiic intentine of the British government. Mr. Ms whe or Governor Mathews, o# he fs ealled in the States, im coneequence ot bis having been G the Exhawas, is a gentleman o! much dire energy, and is adrived ty have eonduced h with prudence and firmness in the late celicate and en bartarsing tremrac im which he beeame inyerved in obedience to the isstructions of bi-x superiors. Su W, Gore Ouseley, it apreara, woud be still more acsepia’e netenly from bis muca higrer dislomatic antecedents oud ceverved reputation esrved #4 British Miaister iv Broxil, and especially as Plevipotentiary in the River Jiate, during the Ar glo-French emt rolinent with Roses, but becauce of bis indivicusl and fainily claims apoo the ged cpinion of the repubic. Whie ariaché at Wack: ingtcn, atter having rerved in the sawe cepactty at Stock- bom, rome five-and-tweu'y years sgo, .e married tre daughter of Governor Van Ness, formeriy Govern r of the ttate of Verment, end kubsequently envoy extraor dinsry at Madrid, where Sie Gore aro syent rome time, ieve, durirg the mission of Lod Heytesbury.. Con- requently, be may be presumed to dave something mo:+ than a fuperfelal knowlodg: cf the Cuban question in it Fyanish — aszect, whieh je gsemetimes as littl: thovght of as the Lurkich teasings of tee Eas‘ero problem. Another clreum+tanee vbat appeary to recom mend him to the ‘ayorable couierstion of the eitizens is the remembrance of bis work, purlished soon afer bu return. in which he evinced a just ond dirpassivuste ap- prteiation ofthe national inaitutions, rarely exprerseo our literature at the time, especially on the pact of one whose opporturities of observation let ao much weight to bis jacgment, “Tho iaverest of both Englacd and the United States will be advanced by the te'eotlon of Sir Gore Ouseley as Mr. Cramptou’s successor,” ways the New York Courier and Frquirer of Nov. 16—s seu'i ment that must he echeed by ai) who wish welt to ne frievdship of the two countries, and who know how much the maintenance cf such tee! ng Ce,ends upen the ac ceptonce in the one capital cf the representative avere aired } from the ciher. It ix worthy of note that sir Oueeley stonds as well ameng partsce at heme oa he a pears to do on the other side of the Atlantic; for whim oripipally empl yed by Lord Palmerston a9 spectal mi rtothe Argentine Confederation, be receives thy Or of the Fath from the Vorcign Secretary of the Lerby administration, the Earl of Malmesbury. The Rasstans in Japon. ESCAPE OF ADMIRAL POULATINE. {From the Loncen Thwes, Dec. 14.) ‘The Je'ters from Cermavy respecting the vonditlo: Tuesia cominue to indigate thet itis in the southern pa part of the empire.where the effects of the war are moc! severely felt, sixce in that region there is no weighvuring ond friendly Bate to neutralize the bieckace and encou rege a prelerged resistance The exchange at St. Fe- terrburg Is said to bave impreved to Sud, elther from the yf i overland trade or the ramers of a loan Prurtis. Positicolly there was nothing new, Acmiral Pow'atine, who had Just returned from the Festern Seas, bad received a high decoration and a larg Loni n for the success cf his mission to the Emperor «! Japon, snd the shill with whieh he eluded the Britiso and Freneh erulserr, who bad captured none of his vis sels, It appears that he was on board the Danish mer. clout brig Intely seized by the allies, but contrived to ercope in « best bastiy eorstrue'ed under bis own di ivetiene. In tis, itis olleged, he was sub-equentiy, ¢ da kne-s, in close contact with ber Myjosty’> Hitierm ond ether cruisers, a light having actually en sbown cn one oceasion te warn him of hig proxi ofy. Beirg ently near to hear the word of com- tard given on board, be bad his papers ballasted ready fo be sunk, but ultimateiyfienececded in escaping, al- ‘hovgh veveralrhots were fired after him. nelly Interesting Fina BANK OF An aceonrt, purevant to the Act Zand 8 Viet, ©. 3° for the week exding Saturdsy, Ie. 8, 185o:— neUz DY ++ RABI OS Gs lal Intelligences, ENGLAND, Noles Loued . Tor... BARKING DEPARTMENT. Goverument recu- rives (inelnding dead welght an- nu «ee f G her seoariies.. No’ vw ASS er ae GH,008 Packs, Covm's. miselcbors of Fa. tional Devt, ard Gold and” COMM. e ee Dividend | Age LA, SOARES 8th inst., * for the preceding week, ex Y Total eturn, for the week ending d with th ving ch tier, & of publiedepoetts of £23, ¢ 248. a decrease of ether deposits of £518,008; an iacreaee <f rest of £7 404; and an ineresse of seven-day and other bills, of £40,160, turn shows a decerease of other se- an increase of reserve of noes of 700; a deetense of gold and silver coin ot £5,454, und decrease in the goveroment securities of £11,104, the bullion in the issue and banking cepertments teeth ounted to £11,079 578, which, as cempared with 11,27 107, the amount of the previous week's re turn, shows a dozrease of £147,520. ‘Ube notes in circulation amounted te £18,¢80,240, which, compared with £19,075 085, the amount of the previous week's return, shows a decresse of £294,745, Ibe prineigal features in these returns are the decrease in the steck of Pullion, private deposits, and other secu ries, and the incteare in the reserve of notes. At the Court of Wiodeor, the ith day of December 1856, present, the Queen's Most Bx it Majesty io Counsil: It having Leen represented to her Mejesty in council by the governor ang compsny of the Bank of Kegend, a memerial sealed with the seal of toe said gover 4 company, and date the 26th day of November, 1863, that certain bankers, in the said memoria! named, who, on the Oth day of May, 1844, were iseuicg their own Denk vores to the extent of sums smountiog in the egarrgate to the eum of £712,024, have ceed to issue thelr own bank notes ; and the sald governor ard company thereupon bumbly made application to Le autherires, under the provisions of the act persed in the 7th and 8th years of the reign of her Mojesty, cap. 22, entitled, “An act to regulate the issve Cf bank notes, acd for giving tothe Governor and Company of the Bank of Engiond certain ea for a Iinrtied pericd,’? to increase the ainount of secarities In the issue department of the Bank of England, and to ex- tend the irsue of their own bank notes to an ‘amount not execeding two thirds ofthe amount which the bankers, +o conring to irene, were authorized to iseue under the c revisions of that acti—Now, it is this day ordered by her Mejesty, by avd with theadvice of her Privy Council, that the seid povervor and company shall be, and they are hereby authorized and empowered to increase the emeunt ot securities in the issue department of the Benk of Tnglond to the extent of £476,060 beyond the total sum or value of £14,000,000 in the said act men ard thereupon to ireue additional Bank of frem the said issue department, in meoner in the sald act menticned, to the amount of £475,000, C. C, GRENVILLE, DANK OF FRANOB- ‘The chiet items of ‘ho Bank of France return for the month ending the Lith of December, in stealing, are in- Gieated below, (oxehange taken at 26f. per £1.) from last Rills diecounted.. ..1 Choviation, Tiewsory ceporite, Private cepcett The chief changes return vere a decrease of £066,400 in the dlscounte, lew, of £1.224,800 in the £185,000 in the for nig the metallic increase in the \}. The ceereuse in the dis to the closing of the Paris Exhil - considerable éimimution of commercial activity. = the ge Meg hag aged Bg ce! ahnination Sree tyeare in the falc for weer 1 'so evident fl ee eae soe Seomantwrit of curtailing tbe heretofore graaved by THE NEW RUSSIAN LOAN. @ London 11 44.) ent that the house of an, L the firet bent ing e+tablisbments at Berlin, ed by the Prussian gov to open sub- scrip’ pe im that espite! for theettem, Russiso bao 1 DO UOU,008 of reutles, or about £8,0 sterling, ea been received @fh sur amounting almost to dishe- Hef. The reaciness of I'r to assist in every way ‘he prolorgaticn of the to furnish te the Court of bt, Peter for Purpose, was pot un err t that her caution was y other than indice:t means, and ‘hat et #/l events rhe would refrain frou acta such at had al-eady been deemed too open and dangerous even in Nagler anc Hottsnd, M. Merdelssobn is the agent cf Messrs, Stieglits, the Court denker« in Rustis, and the price of the loan, whicit in in at per cept stock, is stated to be 86. Ie i ailoged that one-tbiid of it will be offered in Bertin, one-third in Bem: vrg axd the otber in- Amsterdam. As far as the ast city is concerned, sfier the intimation already put for ry the Duteb government, it may de presumes the operation can Only be a covert one, and there isnot much probability that two or three millions sterling can be aired in That piace on securities which must remaia for sere t.€ invegetiatle, slihough the lowness of tne price reems to be intended @ compensation for any ilticit character that mey be attached to them. The diderence between the proposed terms and the quotation of the Rusian Five per Cents contrasted before the war, ant copeequentiy eurent in the European markets, 19 more than 10 per cent, although the Jatter have experienced a decline in consequence ot the present announcement, SUSPENSION OF CASH PAYMENT IN ODESSA. Fiom the Kconomist.} The Troperial Commercial sank of Udesss has suspend: ed cah paymente, lia notes are now inconvertibdie and there who heritate to sccept them are depoune-d %~ enonvsif the state. Toix is exactly what hap «ned dviricg the former ware in Russia, and what we predi:t-d ¥ouis bappen as soon asthe Emperor begau to decree Jarge adat 1 issues Of paper at the begiuning of the presmt ve In former wera the rouble vole, wrici had is Conan invaed at s value of thirty-eight pence, gracually fei) in value tii] it was worth little more than lepy ence; and in the course of time a decree was issued, by which'three and a balf of those notes, originally is: sued as rcubles, should be received by the State ia ex- change for ene soub © note of fallvalue, The latter are tke notes tbat are bow abous to follow the example of former irtues; and if the war lasts we shall no doubt fad al the payer currency inconvertible, and very mach de- precited, An impression prevails in rome quariers that Russia requires ittle ofitne precious metals to carry on a war, and that ber resourees of men, provisions, are to oe found im abundance within herself, Nothi greater error, No country in the world has such exten- mive and expensive foreign agencies to enstaia; unsup- ported snyehere by public opinion, she can only pur- te infivenoe by extravagint payments, Sgaia, her ge forefgn purebares inust be made uy the most expensive plons. In point of fact, the precious metals which ustis must require at the present time to make ber treign pe: nts must be ef very iarge amount, vay nothtyg of what she must have to secure the con- vertib’hiy of her large paper circulation, and for other necerrsry Cljects. From information which has reached us, Weare Cinposed to believe that the suspension of tho Yank of Odevsa is only a prelude to the other banks tating the rame course. For 6 time past converti- Whty has been but @ name, as no one has ventured, without great dapger, to demand specie in exchange for notes, Markets. Joxpon Moxey Marker, Friday evening, Nov. 14.— ‘The Fnglish fancs opened this morning at un advance of on eghth, but the tendency to improvement was not maintained. Consola for Jenuary were first quoted 853¢ a 86% ex. dividena, from which, under the influence ot seme rpeculative operations, they receded to 88% a 8355. No further alteration occurred up to the official .erimi- vation of butiness, but ihe market generally nted & more steady appearence at the close, and after regalar hours there were buyers at 885(. Some of the neavi- ness Curing the day was attributable to an incroased preesure for money, consequent upon the payment of snother instalment of 16 per cent on Tarkish scrip, while en Tuesdey next the concluding 10 per cent faila cue on the English loan. Under these cireumstanoes 6 per cent was freely paid for loans ‘Nn government securities. It was >» antisipated that the Bark returns, whish show a falling off of £147,- 629 in the builien, would prove unfavorasle, Bank stock left off nt $00 a 210; Re’ uced, 88 4¢ to 8854; New Taree Cents, 88% to 89; Long Anouitien, 3 J-16; Annuities, 1885, 16 5-16; Exchequer bonds, 98; and India bonds aud Exchequer bills, Ta. to a. unt, The operations in foreign securitios were principally confined to Torkish 6 per centa, which ¢ osed at a dec'ine. Ip the forcign «xchange this afternocn, the rate upea Bamburg was thede lower than last post. With the ption of a reaction in Austrian quotations, there was no variation of importenos. The final quotations of the Frecch Three per Cents on the Paris Bourse this evening, were 64f, 50c. for money, ard C4f, 85c, for the end of ike month, showing a decline of a quarter per cent. In the Vienna money market ap ineresee of ¢istrust continues observable. the Benk cf France returrs for the past month were issued yestercoy, and present resulta which seem to h hat the drain of bulion has been ef 0 4 that there is no further danger of any sudden sggravation of the finansial pressure. ‘he stock of epecte exhibits an fuereace of £296,000, and now stands at £8,760,000, while at the sams tive thrre bas teen a further diminution in tke note cireuletion of £860,000. The high rates of mon-y bave cavred a reduction of £1,820,000 in the amount of (ills discounted, and of £1,670,000 10 the deposits, but the Dalence to the credit of the government shows @ slight sugmentation The lette's 1m Hamburg state that money nas again bece me vory scarce in thac city, ana that the rate ot dis- count has re‘urned to 644 per cent WRIOUT JUNIOR & CO.’S CIRCULAR. Javenpoot, Des. 14, 1855. At the date of our last cireular aavices per Asta our cotton marker closed steadily for the week ending 6th io- tant; the demsnd was resumed with more energy on the Gate of ber departure, and continaed active after receipt of the FaciGe’s accounts, which tend to dissipate the ex- pectation efany great addition to our stock for the next iWe months, the cresent position of which, togetber with repented rumors of peace negotistions, and a growing feeling in ‘avor of ently relaxa ion to the existing strin- gency in money matters, as wel ay drooping prives ia ouc grain marketr, influenced a better feeling both here end in the manuieeturiog cistricts. In the early part of the week an advance of 3,4. on qualities below 53¢a. por Lb, wes obtained, but is since. with» more limited de- mazd, partially lust. Vessels are creeping into port, and arrivals promise to be free wih the present ahitt of wind, although, were the total quantity known to be at sea setuasty in hand, it is questionable if the supply of qualities in request would do more tuan meet @ tem pora- ry want. Theeprnion that our holdings at the nl of the year will exceed the estimated quantity, and the difficulty ot ex iting rpeculators to renewed action vo névoncing prices, dear roney, and in view of tue figure: cow geoeraily 1dulged ia for the ultimate crop, todace holders to cfier freely, aud to some extent press sales particalorly of the better classes snd of od cotton, whica are rela\ively considerably cheaper. HERMANN COX AND 00.’S CIRCULAR. Liverroot, Dec. 14, 1855, rifle, produced no effect cn Our mar- ket; thie year’s» pts bad further gained over those of last year, the toial excess now amounting to 289,000 tales, but compared with 1852, there is a talling off of 28,000 bales; the Southern markets were all rather doar €r, and the rivers generally navigable. Tu Manchester tere has been a good steady demand this week, und a very fuir business has been Cone, “p> nere are well engaged, ard are generally trylog for a0 advance. In cloth, to, the producti.n is well under contract, and ip some descriptions an atyance has been establicbeo. Peace rumors are still the orcerof the day, bat very few put much belief in them now, and the prospects of aa early termination of the war are less hopefal, Money continues in active demand, both fr commer- ciel ond other purposes. there being’ heavy instalments Que on the Turbish wud Evglish loans. The Bank of Rag- Jand has been empcwered to issue adcitional ns:es to the amount ot £475,000, but this sum is too sme! to aflor? much reifef. The exportation of builion continues xteadi- ly but not largely. Cansols bave fluctuated, and close to-day at EE%. BARING BROTHERS & 0O.'s CIRCULAR. Loxpox, Dee. M5 P.M. The colonial and foreign produce markets continue ter, and he business trausacted this week ts mo. {hous any material change in . Money ermoud. Coneols leave off #834 « 68% for the wo. count. Mexican do.lare, 68. $d. Bar alver, 58, 13d. Senth A erican ds ubloomne, 748 6d. o Te, norma. in AwkRICAD STOCKS no change to re, and «uote- teen are uosttered, “Cnneda OF 180. a Cocuaxat fat, Of 180 bags at auction adout half sold, in some instances on rather easier terms. Honduras tilver from de. 6d. a 28, 6d. tor low, and from de. 8d. x 33. Od. for fair bold; Mexican silver from 8*. 4d. a 3s. Sd. ;, ‘Teneriffe silver 2s. 7d. 9 a. Bd, Black %. Od. a Ba, Lid. el 0 bags Trinicad sold from O4s. 8 568. for mid- ing red. Corron is stes¢y. The sales for the week are 2,750 tales. At Liverpool there has been an improved demand; Josterdey 6 quotaiton for midéling Oslaans sas 6344. per q Corr*n in ‘air demand at late qnotations. Tough cake and the £126. bert seleoted £120; sheathing Idd.. yellow mea) sheathing 124. Corye —Vor plantation Ceylon there continues to be a god cemand, and the sopply of faitable qualities beiog rmell, prices ‘of such bave ruled rather the extent of Od. « ls. per — been sold pri rio abo the bulk ¢f 219 earks, 188 barrel auetien; small ordipary at 57s. @ 586.; low to middling pate, 698. 64. s 65s. 6d. 7. in — a eS ular oge im ——— m . The sdvices per = ie ie FED i ia i i ctl its 1 f i 240 sold ob iaterice uel i saee ak wit wold, el quality, from £20 4 }, wil afew! teat waa rent quatity gy £40, fale su Pept quality being’ token in ar £45. Jute—456 bat Bepug t previous rales from £14 a £16 10s. for eomm” and £17 » £18 tor middiing te good midditog. 600 dal rit from Bimsipatam, brougat fiom £12 6s. | a. } InpiGo —A fair business is being done at very fal rates, and Lohiers generally show little digponttion ¥ fell, Inox is quiet, and prises are, if anything, » eater, We quote rails and barn £8 @ £8 bs., free o, ati. oe Scotch pigs, Tis. @d. for mixed Nos. on th 1y de. LinskED.— We net'ce a furtber decline in prices sinc | this cay week, Calen'te the spot having been sul: '¥; x8 weed is now pressing quotation for averags sempies i: nz with s limited demand; for arrivil, Sept, ant Cct., sbipmenrs from Calcutta ofer at 76s., c.f. & i. t ‘Linseed Caky8 in steacy dew.and at last weer’s quota tons. Anivals of Ame: are liberal, but produce n — reduction tm vaiue, Les firm. Common pig £25 5. a £25 103, Lakp —A mall parce: of American, lately arrived from the Contin n', ba» beer sold at 688, 4 Ons.—In fanjlitle doing; prices unaltered. Rape dull at Glr. for refined, ond 68% for brown. Olive —Sellert Petersburg clean. Of 500 of Gallipelt vt £54, end Spanivh at £52, Lioseed ia limit § | od demand at 428, for present deliver; ‘or spring. Cocoa not flat at 460 salen to report, ard the market is dull, Kicx bes deciined (4 per cwt,, with few buyers at the veduetion. For a ficating cago of Arracan 13s. 64. obtained early m ihe week, but there bave not teen buyers at that rate Bengal at sucti-p, were nearly ; but the bulk hex rivce been placed at 1! or mipd ing to good middung white. FALITEIIE is neglec'ed-and ales cannot be made unl at rome reduction upon ‘ste rates, Nirrate cy §¢pa.—Small sales at 198., nsnal terms, and 1s, Cd, 2 IE. 94., carb, $11 48.—] imento— 860 bags nearly all sold at 45/4. » Ginger— 160 cares Callout were withdrawa at 453, Cassia Vern—24 cores sid from 248. 6d, for ordie to 41s, for fair small, Te market continues without any improves ment, ‘he reles of West India for the week amounting 800 bos only, jee must be considered quite vo- _ minal, 6,600 ‘dags grainy Madras sold at 60s. 6d. 9 51s. €d.;. but the other public sales were bought in, Duyers chowing no disp:siiion to come forward A cargo of 3,700 bags brown Fernambuco sold at 283, for a neat port, floanng conditions, ‘J¥a.— The market is witbout animation; of 22 490 pkgs, 4 cli apout 9.500 only sold at previous rates, Com- mon cengou #344. per 1>, SPELTER steady, a: £28 ha, TsLoW baw been quiet throughout the week, and the quotation to-day for Y, C 44 684, om the spor, and 684. 62, fo. spring a ivery. Waarenone.-—— Polar £270; Southern £250, nominal. ‘Tes firm ox6 in good demand. Blocks 125s., bars 126s., refined 1.16, piraits 1.68. Banca 1274, TURPENTINE.—No soles frouga toreport. Splcits du. at SCs Gc. fr Ameri'wn in cask. A. DENNISTOUN & 00.’8 CIRCULAR. Livi@root, Deo: 14, 1853. The money market ix in toe same quiet and compare tively easy siate im woich it been for some weeks past yet except for long bills, which can be discoun‘ed at censiderwtly lover Ta es ‘han were at one tine charged, no Teinxa ion in the terms demanded for accom ‘ked for authority has bern pub- nk of England. to ive cnzities. ip rep acement of the p since te a ting of the act of 1844; but ti auth rized to be thue issued ts ouly £475,000, and it hag failed to produce eny effect on the ‘Thr monthly ecoounts ot che Fan! pudiished, and show o slight improvement. The peace rumors are lest confident than of la‘e, and cunsols have deo clined to 883% to 88 3, ex div. The declive in the ¢ un und prodace markets has mad@e further progress, Ths decline {a fome descriptions of is, trom the highest point, 16s. to 16s. per cwt, ‘gts of renewed activity in some ariicleS mow begin to show themselves, the Mauchester market there has been a fair de , particniariy tor some descriptions of goods wuited to the Incis and China marketa; and stcks being light, @ slight advance in pri-e hes been obtained. BROWN, SBIPLEY & CO.'8 CIRCULAR, Liverroot, Dec. 14, 1855. In the early part cf the week there was great firmness in cotton, und prices were decidealy in favor of nolders; tut all prospects of peace being for the presen? at an ei the market tas relapsed foto i's previous quietness, a: clorea tamely at tbe quotations by the last atexmer. ‘The busiuess for the week Coty it evening reaches 56500 bilex, areculatorn tating 9,500, and exporters 5,500 bales. Teeny it ia estimated at 6,000 bales, wi-b 6,000 to the Fair Orleans, 634; fair Mobiles, 6; fair Uplands, 5744, per 1b. : idling Orlesar, 53(4.; Mobiles, 5 9-164.; Uplands, . per Ib. todeary to good ordinary, 5 «514; inferior, 41% » 6d, ° per Ib. Coy in this port, 584,000 bales; Ame % Tow) stock ef rican. 155.00 be! @ Time last yewr, 645,000 halos; American, 291,008 bales, Import for the week, 18,000 bales; American, 17,000 be les, ‘There Las been a good steady demand in Manchester for goods ard yarvs, and prices huve been wall maia- rere: market, ot Franee are just ‘The corm martet is without much chanze—whent, af- ter being extremely Culi aud depressed throagbout the arly part «f tre week, in rallied to day 3d, 10 (2, hel, with’ # good demand at the culos, Whilst flour avd Indian ¢ Ibs, Western canal flour, 424.0 424. Philadelphia Baltimore, 438. a 445.; Ohio, 44s, a 44a. 6d; Cannia, 42a. €4. & 48n.: sour, 418, 64. 9 438, Od. per bol. White Indian corn, 50s,; yellow, 4s. 6d.a 46.; mixed 45s. per quarter. - Nothing doing in turpentive. Rosin io moderate de- wend at4n. 10d. a 5s. per cwt, for common, up to 9s. per cat. for fine qua) Notices of New #udiivations. Tne Loxnon Quarterty Revigw. American edition. Leonard Scott & Co. Thackeray’s ‘‘Neweomes”’ forms the theme of an elabo- rate criticism in the October number of the Quarterly. The English reviewers acem bent on glorifying their literary acscciate. Our reader?, who have had an op- portunity of forming their own estimate of this writer, will be somewhat amused by the exeggeration of their enthusisem. Their own more cispassionate juigmenta have p:obably failed in arriving at such high wrought ecaclusions os these:— What a geniue! whats vigor! whata bright eyed ia- telligence anc onservation! wh hnoiesome hatred for meanners and knavery! What a vas: «ympathy! what @ cheertulners! whut « men'y relisa of life! what a love of human kind! Whets poet is sere! watching, meditat- ing, brooding, creating! What siultitudes of truths has that man deft behind bim! What generations he has taugbt to laugh wi-ely und fairly! What scholars he hag forwed ani accustowed to the exercise of thoughtf humor, snd the wanly plsy of wit! — ‘The article on the ‘‘ Charities and the Poor of London’? presents us with @ melaocholy picture of the substratuat of destitution acd misery which lies hi¢den under the, vast sccumulated wealth and social splendor of the British metropolis, We have space only for a brief extract:— As carly as in 1768 the Philanthropic Society wae formed for the parpese of educating the chilirem of convicted felons; but nothing ti) lately has been dene for thore whose chief crime ix poverty. Be- ridge the e'fldren who run wild in the strecte because their parents are too poor to educate them, and too busy or too carel+se to attend to them, London swarma with @ Litiputian pauper population woo have no frienos to protect them, no pinciples to guide, and no eoucation t enlighten them. For the most part they +f by death or desertion ; some have oly refoge is the street or the. ''lodgiig houce” where among scenea too revolting to describe, they areiniiated by Pa eed thie into the arts of crime. Everything in London te gigaptic. The destitute cildren are «aid to €xored £0,000; these who are unowned, the “ children of the strert,” are rated in a perhamentary return at upwards of ope thousand, These unhappy little wretches live ciiefly or eclely by depredation. Tsar Westminster Review for October, Ameri- can Edition. Lecnard Scott & Co. The chief feature of this number is a’ slashing criticiam. on the polemical sermons and writings of Dr. Camming, under the title of ‘Evangelical Teaching.” The justice dove in this case we would gladly see extended to the whole tribe of fanatical divines, who pervert not only history but the Bible to the uses of their fierce sectarian antmosities. Although writtea bys man who bas evi, dently no leaning towards either Romaniam or infidelity, the art'cle shows that Dr. Cumming, in his assaults upon both, is guilty of habitual distortions of truth, glaring anachronisms in the statement of historical facts, and at times even maiicifts inventions of his own fancy, for the purpore of throwing discredit on the objects of his hosti- lity. How exactly does the following description a to me of our own ie controverss iste:—" poly Dr. Cummirg's ming is evidently not of the pietistie court, ‘There it pos the slightest Tetig towards mysti- fam in his Cbristianity—no indication of religioun “ores, of delight in. Cod, of spiritual eommuntos with the lather. He ts most ip the view of justi- 'D, a£d dwells on ralvation as a echeme rather than 5 experience. He insists on good works as the sign Vi foi ith a1 labors to be achieved to the glory of 4 y tarely represents them as pon’ ecerrary ourfiow ofa nou’ filled with Livine love, He in Lome mm the exterpal, the the the cir- vmstential, and is only ‘devout. practi- eal. eat mejori*y of bis sermons are oc- cupied with argument or philippic inst Romaniata and FA 3 Li pelltical Main lb ang a aon, Public eventa, and the devout aspira ortne acd practical exhortation, is ed wo an es ® hurried sentence or two at the end, io the demonstraticn that the Man is copious on the downfall of the pears to glow with satisfaction m = ‘an “4 ” qi #335 al tends to show how he abashed ite exercise with him to form which the earth is to be » Chalmers and Mr. Wilber: i ” |