The Northern Daily Times.
Liverpool, Merseyside, England, 1856-03-01 00:00:00

MAD'LLE ROSH

i BONHEUE'S

GREAT PICTURE OF
"THE HORSE FAIR,"
Is NOW OPEN at the Liverpool Academy Rooms, Old Post-ofEce-
place, Church•street. Admission Is. Catalogues, 6d. Gentle-
tneu's Season Tickets, ss. Ladies' Ditto, 3s 6d.—Open from Tea
till Five o'clock.

On and of et MONDAY next, open in the Evening, from Seven
to Rine o'clock. Admission, 61.

B. FRODSHAM, Seeretary.

E4e SAort4ern fine))

SATURDAY, MARCH 1, 1856

THE first announcement of a Peace Conference
was received with doubt and apprehension
throughout Europe ; and the secresy with which
its deliberations are conducted has given a marked
intensity to both. The Paris Stock Market is
rapidly receding to a panic point, and the London
Stock Exchange is looking downwards with a
settled melancholy. The French army is said to
be unwilling to return from the scenes of its
chivalrous exploits until it has carried its
successes forward—and Russia cannot crow over
its withdrawal from a contest in which. France
together with ourselves, has suffered so bitterl
The importance which the Emperor NAPOLEO4
3".
attaches to the feelings and opinions of the
French army is clearly shown by his having
addressed a letter to Marshal PELISSIER to aster
tain what his Crimean troops thought of the
peace negotiations. And there can be no doubt
that the answer received from that Commander
will be seriously weighed by NAPOLEON, in direct-
ing the policy of France in the Conference. If
the French army does not desire peace, and will
feel dishonoured by being recalled while Russia
has yet an unconquered force before it, it ishardly
reasonable to suppose that the pending negocia-
tions will be successful.

The Russian representatives are already seeking
time to communicate with the CZAR, and to receive
which is not to be

further instructions

wondered st, since the terms of the armistice are
anything but what, the crafty Government
of the autocrat expected. They wanted the Baltic
and Black Sea thrown open to them. They had
nothing to gain, as Count Orloff has stated, by
suspending hostilities in Russia Proper, where
there is no hostile force, in Asia Minor, where
the Russians aro the victors, or on the north side
of Sebastopol, where the have reason to dread
an attack, probably for yan
hthaevr.nsoix months. The
thegbtlhekrefore, failed
Russian plenipotentiaries,
in extending the armistice to
worsted
Northern and Southern coasts, have°
in limine. They find they can
'ain
wbile
circumpstannsO:s7
they may lose everything, by the partial suspension
of hostilities. Under ordinary ncb(setahedn.e of their
Russian diplomates would have retired abruptly'
from the scene of such discomforture; but as it is,
we must wait till the drama thickens, and the next
phase of intrigue is.brought to light. In the mean-
time we tremble for Lord CLARENDON in the
presence of that diplomatic colossus, Count
Baer.. There is no comparison whatever between
the political attainments and diplomatic versatility
of the two Envoys. The wording of the Five
Points, and the Austrian correspondence relating
to them, are sufficient to'prove this, and to show
Lord CLtRENDON, that if he departs from plain
English, his character, as a negotiator, like that
of Mr. CLAYTON in the Central American treaty,
will be wholly destroyed by future interpretations,
and that any bloodshed that may arise out of them
will be laid at his door.
But how is it, that, in the midst of pro-
found secrecy, the public are allowed to know