The Daily Times.
Liverpool, Merseyside, England, 1860-08-02 00:00:00

THE PENINSULAR MAILS.

SOUTHAMPTON, August 1:
•
The Peninsular and Oriental Company's steamer
Sultan, with the above mails, has arrived. She
brings 38 passengers, £2,705 in specie, and
upwards of 2,000 packages of general cargo. On
the 29th ult. she spoke the Delta, and on the
30th the Tagus, both steering S.W. The steamer
Ganges left Lisbon on the 27th ult., for India,
under the command of her chief officer, Captain
Maynard having resigned in consequence of ill
health. The vine odium had appeared in the
neighbourhood of Figueira. Fears were enter-
tained for the vintage in that district. At Lisbon,
on the 27th ult., exchange on London for thirty
days, was quoted 54i ; Paris, 5 52 ; Amsterdam,
421 ; Hamburg, 471 ; Genoa, 5 30 ; Rentes—
Three per Cent., 471; Coupons, 461 ; Deferred,
351; Bank of Portugal shares, 547 ; Oporto
Bank, 254 ; Commercial Bank of Oporto,
251 milreis.

The United States steamer Fulton, Captain
Wotton, with the New York mails of the 21st
ult. for France and England, has arrived off
Hurst Castle.

The following appeared in our later edition's of
yesterday :

POLICY OF THE EMPEROR NAPOLEON

TOWARDS ENGLAND.

The Times has been requested to publish the
following important letter from the Emperor
Napoleon to the Ambassador of France :
ST. CLOUD, July 25, 1860.

My dear Persigny,—Affairs appear to me to
be so complicated, thanks to the mistrust excited
everywhere since the war in Italy, that I write
to you in the hops that a conversation, in perfect
frankness with Lord Palmerston, will remedy the
existing evil. Lord Palmerston knows me ; and.
when I affirm, I think he will believe me. Well,
you can tell him from me, in the most explicit
manner, that since the peace of Villafranca I have
had but one thought, one object, to inaugurate a
new era of peace, and to live on the best terms
with all my neighbours, and especially with
England. I had renounced Savoy and Nice ;
but the extraordinary additions to Piedmont
alone caused me to resume the desire to see
reunited to France provinces essentially French.
But it will be objected that you. wish for peace;
and that you increase immoderately the mili-
tary forces of France. I deny the fact
in every sense. My army and my fleet
have in them nothing of a threatening character.
My steam navy is even far from being adequate
to our requirements, and the number of steamers
does not nearly equal that of sailing ships deemed
necessary at the time of King Louis Philippe. I
have 400,000 under arms, but deduct from this
amount 60,000 in Algeria, 6,000 at Rome, 8,000
in China, 20,000 gensdarmes, the sick and the
new conscripts, and you will see what is the truth
—that my regiments are of smaller effective
strength than during the preceding reign. The
only addition to the army list has been made by
the creation of the Imperial Guard. Moreover,
while wishing for peace, I desire also to organise
the forces of the country on the best possible
footing, for if foreigners have only seen. the bright
side of the last war, I myself, close at hand, have
witnessed the defects, and I wish to remedy them.
Having said this much, I have, since Villafranca,
neither done nor even thought anything which
could alarm any one. When Lavalette started
for Constantinople, the instructions which I gave
him were confined to this,—Use every effort to
maintain the status quo. The interest of Franco
is that Turkey should live as long as possible.
Now, then, occur the massacres in Syria, and
it is asserted that I am very glad to find a new
occasion of making a little war—of playing a new
part. Really, people give me credit for very
little common sense. If I instantly proposed an
expedition, it was because my feelings were those
of the people which has put me at its head, and
the intelligence from Syria transported me with
indignation. My. first thought, nevertheless, was
to come to an understanding with England.
What other interest than that of humanity could
induce me to send troops into that country ?
Could it be that possession of it would increase
my strength ? Can I conceal from myself that
Algeria, notwithstanding its future advantages,
is a source of weakness to France, which for thirty
years has devoted the purest of its blood and its
gold ? I said it in 1852, at Bordeaux, and my
opinion is still the same,—l have great conquests
to make, but only in France; her interior organis-
ation, her moral development, the increase of her
resource have still immense progress to make.
There a field exists vast enough for my ambition,
and sufficient to satisfy it. It was difficult for
me to come to an understanding with England
on the subject of Central Italy, because I was
-bound by the peace of Villafranca. As to

Southern Italy, I am free from engagements, and
I ask no better than a concert with England on
this point, as on others ; but, in Heaven's name,
let the eminent men who are placed at the. head
of the English Government lay aside petty
jealousies and unjust mistrusts: let us under;
stand one another, in good faith, like honest
men, as we are, and note like thieves, who
desire to cheat each other. To sum up this
is my innermost thought : I desire that Italy
should obtain peace, •no matter how, but
without' foreign intervention ; and that my
troops should be able to quit Rome without coin-
promising the safety of the. Pope. I could very
much wishnot to be obliged to undertake the Syrian
expedition, and, in any case, not to undertake it
alone. Firstly. because I fear that this interven-
may involve the Eastern question ; but, on the
•
other hand, I do not see how to resist public
opinion in my country, which will never under-
stand that we can leave unpunished not only the
massacre of Christians; 'but the burning of our
consulates, the insult of our flag, and the pillage
of the monasteries, which were under our protec-.
tion. I have told you all I. think without dis-
guising or omitting anything. Make what use
you may think advisable of my letter. Believe
In my sincere friendship, NAPOLEON.

The Times, in a leader, observes that a steam
navy may be far above the real want of a nation,
and yet be far short of the previous number of
sailing vessels. France may have only 400,000
men actually under arms ; but when, for our own
security, It e measure men against men, it is
necessary to take into account the immense
addition she can make with a single fortnight's
notice. The Times trusts the letter may fore-
shadoW a policy under which we may enjoy peace,
without being compelled any longer to support
all the burdens of war.

. The Post says that we must still stick to our
new motto—" Defence, not defiance." There may
be contingencies in the future which no Emperor
can control. The Emperor Napoleon himself
alludes to them at the close of his letter, while
speaking of resisting public opinion in his own
country.

The Chronicle gives the French text of the
letter.

NAPLES.

Letters from Naples to the 28th state that the
press waa becoming violent. A journal had been
started entitled Garibaldi.

THE PARIS CONFERENCE.
PARIS, July 31..
The representatives of the Powers are to meet
again to arrange certain details of the expedition
to Syria.—Past.

BANQUET TO LORD CLYDE.
The'Members of the United Service Club paid
a tribute of respect, last evening, to General
Lord Clyde. .The Duke of Cambridge presided.
Covers were laid for 160. The chairman, on pro-.
posing the health of the guest of the evening,
referred to the service he had rendered to his
Sovereign and his country by his recent comp
mand in India. Lord Clyde, who •for some
minutes appeared to be overcome by his feelings,
replied to the toast in a suitable address. The
speeches are not reported.

LIVERPOOL ROYAL BANK.
The Tinges city article says, one'of the directors
of this bank is expected in London to:day, ,and
that an authoritative statement that its affairs
are in every way sound, is necessarily awaited
for with much interest.

• The colonelcy of the 14th Light Dragoons is
vacant.

-Lord Palmerston has accepted an invitation to
preside at a soiree of the Leeds Mechanics' Insti-
tution in October.

E4IAL PARLIAMENT.

HOUSE OF COMMONS.,,-YisTERDAY. The Speaker-took the chair at twelve o'clock.
..
The Attordeys' Solicitors', Proctors" and 'Certificated Con-
veyancers' Bill passed through committee. • . -
On the order of the day for going into. Committee on the
Metropolis Local Management Act Amendment Bill, •
Mr. BRADY, urging the lateness of the Session, and the pre-
sent impossibility of giving sufficient consideration to a Bill of
so much importance, meved, as an amendment, to defer the
committee for three months.
The House divided, and the amendment was rejected by 71
to 13, majority 58.
. .
The House then went into committee on the bill, and. passed
the several clauses.

Several additional clauses, proposed by private members,
were negatived, and the bill pasted through coMmittee.
The other orders were disposed of, and the House adjourned
at fix o'clock.