The Sun.
London, England, 1854-12-04 00:00:00

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LONDON, MONDAY, DECEMBER 4, 1854.

" Long threatening comes at last !" Every-
thing, however tedious, must be brought to a con-
clusion at some time or other. Even Austrian
diplomacy, with all its devious windings, forms
no exception to the general rule. The long-talked-
of Treaty with the Western Powers has at last
been signed, and FRANCIS JOSEPH is committed
to the contest, but whether for good or evil, time
only can reveal. We confess that we do net de-
duce very favourable auguries from the result of
these protracted negotiations, in which it is known
that the German empire, in place of rising to the
level of France and England, endeavoured to de-
press them to hers, and to obtain terms which we
venture to assert no English Minister would dare
to submit to a British Parliament. Specious
pretexts were put forward for delay, so that she
might remain inactive and uninjured while the
Western Powers were bearing the brunt of the
sanguinary conflict—a conflict rendered the more
arwaeus and destructive by the presence of Rus-
sian. ,
troops whose services could be dispensed with
in Bessarabia, in consequence of Austrian machi-
nations preventing snow PACHA from making the
anticipated diversion in other parts of Southern
Russia.

There were several alleged reasons for this vexa-
tious and annoying procrastination. The most
prominent, and that which was
o
ofstprelied on,
arose from the suspicious
attitude
the petty States representtd at the Bamberg russia and
Con-
ference. She was afraid that she could not de
pend on the unflinching co-operation of her own
confederates if she ventured to enter into any
arrangement on her oven account without their
assent being first duly had and obtained. The
concurrence of Prussia—nay, more, of the Brum-
magem Courts, that ape the semblance of royalty
—was indispensable before she could move in any
direction. A stubborn ally is as
Theseuful in state-
craft as in legal affairs. example of
Messrs. " GREENHORN and GRINDERSON " has
been recognised amongst the magnates of
the earth, and confederated nations have fol-
lowed the precedent established by a firm
Of solicitors. " When it is fair weather with the

client, out comes the gentleman-partner to fawn '
like a spaniel ; when it is foul, forth bolts the
operative-brother to pin like a bull-dog." In the
present instance Austria has been the GREENHORN
to fawn and flatter—to send her congratulations
on the victory at Alma—when she, too, had been
taken in by the " tatar " hoax as to the taking of
Sebastopol. On the other hand, the Germaq
" GRINDERSON" (FREDERICK WILLIAM) is enabled
to talk, in language so ambiguous, that he cannot
be in any degree committed, but which he has,
doubtless, claimed credit for with Russia, as being
entirely in its interest, of its being "his task to
plead for peace, the independence of foreign States,
and moderation ;" adding, however, a rather sig-
nificant hint as to the possibility of being compelled
"to add force to his attitude." Thus, if the
Allies conquered, there was Austria ready to par-
ticipate in the fruits of victory, and to take the
largest attainable shire of the spoil. If, however,
on the ether hand, Russia held her own, and could
still retain even a shadow of her former supremacy,
there was the "junior partner" ready to
interfere to avert the anger of the CZAR,
and to shake off his apathy, even at the
eleventh hour, by ass-aming an attitude hostile to
the Western Powers. This game was, however,
exhausted, and Austria compelled to act with
some appearance of decision ; but we should not
feel greatly surprised if, when the terms of the
treaty become known, it should be found that
she has still stipulated for a whole skin for her-
self, and for keeping away from any active mea-
sures for coercing Russia. As we stated on Satur-
day, we can express no opinion on the recent
Treaty—which was only signed on Saturday—
until we " have it before us verbatim et lit eratitn,
and are enabled to scan every clause, and ma-
turely weigh every sentence."
It was also said that Austria had endeavoured,
while the terms were under discussion, to bind
the Allies not to go beyond the " four points,"
which, although they might once have been
willing to accept, they certainly could not new,
after so terrible a loss of life and so large an
expenditure of money, accede to, without ample
" material guarantees" for a permanent peace,
and reasonable compensation for the damages
sustained by the Allies through his perverse
and obstinate refusal to withdraw, or even
to modify his unreasonable demands. Austria
also wanted to prevent any attack on the Russian
territories through the Principalities, which she
was so improvidently allowed to occupy—and, in
addition, to obtain the pledge of France and Eng-
land to crush any manifestations of independence
on the part of the Magyars, Poles, or Lombar-
dians. It is needless to say, that such stipule-

tions could not possibly be acceded to on the part
of France or England ; but the fact that they had
been suggested, renders it imperative that the ex-
act terms should be made known without a
moment's unnecessary delay, and that the Treaty
itself should be subjected to the critical examina-
tion of the Imperial Parliament.

A Supplemental Despatch from Lord RAGLAN
was received at the War-office at midday on
Saturday, which we were enabled to present to
our readers in an early edition on that day. It
was dated the 11th instant, and merely alluded
to some of the officers who had highly dis-
tinguished themselves at the glorious but san-
guinary battle of Inkerman—one of the most
arduous struggles in which British troops have
engaged for a long series of years. A special
notice might, indeed, have been given of every
man of the invincible eight thousand, whose ex-
ploits were scarcely paralleled—never surpassed
by any army of equal kusabers since the beginning
of the world, or, at least, since man was arrayed
against his fellow-man with hostile weapons, seek-
ing to shed his brother's blood.
("Multi fortes ante Agamemnona vixerunt."

Many men have performed deeds of desperate
valour which have attracted but little notice.
They had not " poets to chaunt their praises,"
and must, therefore, remain "unsung," although
not " unwept or unhonoured." Lord RAGLAN
could only, according to existing precedents,
allude to officers of a certain degree of rank.
That each and every one of those so noticed
eminently merited the distinction we have not the
slightest doubt, and we should gladly unite in
paying them any honours which the gratitude
of their country might confer. But there were
many brave subalterns, aye, and dashing non-com-
missioned officers and privates, whose feats were
worthy of the ancient knight-errants, but who are
not included in the Gazette Extraordinary. We
do not hear of Colour-Sergeant DAVIES, of the
Grenadier Guards, although his prowess might be
recorded with that of Straw the Life Guardsman,
or Sir JOHN ELLEY, or others who displayed ex-
traordinary energy in the olden time. There are
others who also exhibited a cool determination
and tremendous power in the fearful melee, but
of whom nothing remarkable will be heard by the
general public. It is only in the narratives of
their brother soldiers that they may perchance be
mentioned. Even the lists of the killed and
wounded soldiers have not as yet been forwarded,
although their relatives and friends must be just
as anxious as those of more aristocratic comba-
tants.

Now, we would gladly see this amended.
There was xothing that gained for the great
NAPOLEON the devotion of his army more than
his readiness to recognise and reward merit in
any rank, however humble. The private soldier
was stimulated to acts of extraordinary daring by
the probability, if not the certainty, that it would
not be suffered to pass unnoticed. It would,
therefore, be well if we took a leaf from his
" book of victories," and gave to the world an
official intimation of the acts of non-commissioned
officers or privates who greatly distinguished
themselves.

In the Guards, for instance, we find that out
of 58 officers who entered the field, only 27 re-
turned unhurt, 12 having been killed and 19
wounded. 29 out of 81 sergeants, 6 out of 48
drummers, and 538 out of 1,143 rank and file
were in like manner killed or wounded. What
battle of ancient or modern times showed greater
loss to the victors in proportion to their numbers ?
Why, then, should not something be done to re-
ward the survivers, and to call attention particu-
larly to those who, like Colour-Sergeant DAviEs,
exhibited extraordinary prowess ? There would
be no compliment more highly appreciated by the
troops than the publication of the names of men
who merited the honour. Regimental reports
might easily be made, and published, so that
names might be enclosed in an Extraordinary
Gazette without a severe wound being an indis-
pensable preliminary. We trust that this sugges-
tion may be taken into consideration at head-
Iquarters, as we are convinced thmt, if adopted, it
would give great
especially
• •
land is
satisfaction to those whom Eng-
desirous of honouring at the
present emergency.

Despatches for Lord Raglan in the Crimea were sent
by a messenger, from the Foreign -office, on Saturday
evening,

The Queen has appointed Lord .Dufferin one of the
Lords in Waiting in the room of •the Marquis of Or-
monde, deceased.

MONEY MARKET

A-JD

COMALEBOIAL INT gLLIGENUE.

CITY, TWO o'CLOCK.

The sales of cotton at Liverpool on Saturday
were estimated at 7,000 bales, including 1,000
American taken for export and on speculation.
The market closed firmly. The sales comprised
20 Pernam and Maranham at 61d., 30 Bahia at
61d., 100 Egyptian, at 51d. to 6111., 700 Surat at
3id. to 4d., and the remainder American. Rail-
way Shares were steady.
In Mark-Lane, this morning, business is very.
dull.

Vessels have already been chartered and loaded
with the materials for constructing the railway at
Balaklava, under the contract with Messrs. Peto
and Co.

The ship Ocean Queen, arrived from Australia,
brings 42,000 ounces of gold.
The advicss from Rio de Janeiro by the mail
mention that the drought had injured the sugar
crops. The rate of exchange was 272 d. to 28d.
At Buenos Ayres, on the 12th October, there was
a considerable improvement in business generally,
and imports were much better. The rate of ex-
change was 645. to 645. 3d. The Monte Video
markets were dull, the quantity of produce brought
from the interior being limited. The rate of ex-
change was 40 to 40±.

The steamer from New York brings intelligence
of money being easier, but in Public Securities
there had been great depression. The rate of ex-
change on London was 109 to 1091. Breadstuffs
were first, without much demand or variation in
prices. _

_
Accounts from the Black Sea state that, great
anxiety prevailed at Odessa lest the Allies should
abandon the siege of Sebastopol and endeavour to
possess themselves of Odessa, which would afford
most excellent winter quarters, besides being a rich
prize to the Allies. The military authorities at
Odessa were straining every nerve to forward sup-
plies to the Russian army in the Crimea, and which
was in much need of them. Most pressing orders
bad been received from St. Petersburg to organise
a permanent service of waggons for the transport
of stores from Odessa to the Crimea. At St.
Petersburg, the Neva was entirely frozen over on
the 25th ult., and the navigation had ceased. All
the works at the forts at the mouth of the river
had been discontinued owing to the frost, and no
more will be done this winter.

Berlin letters state that the subscriptions to the
loan opened by the Seehandlung were rapidly
filled up, and it was supposed there could only be
an allotment of about twe-thirds to each applicant.
The loan was to be issued at 98k, and had been
dealt in at 1 premium.
The amount of specie taken out by the Penin-
sular and Oriental Steam Navigation Company's
vessel Euxine, from Southampton to Malta,
Egypt, Singapore and China, is 108,040/.
The confirmation of the intelligence that Austria
had signed a treaty with the Allies led to a further
advance this morning in English Stocks, but by no
means to the same extent as at Paris. The truth
is, that eves up to this moment great uncertainty
prevails both as t• the terms of the treaty and the
results. Consols have been 921 to 92g for transfer
and account. The speculators for a fall, now we
are so near the settlement, are endeavouring to
keep the market in check. The New 3 per Cents.
have been 90i to and the 3 per Cents. 901 to 90i.
East India Bonds have been quoted 103., and Ex-
chequer Bill 3s. to 6s. premium. There have been
no transactions in Bank or India Stocks.

Foreign Securities have been more buoyant by
sympathy with our own Funds. Spanish 3 per
Cents. have been done at a rise to 38f, the New
Deferred to 181, and the Committee's Certificate
to 5i Mexican Stock has been dealt in at 211
to and Peruvian at 67k. Brazilian New BOnds
have been done at 98. The Turkish Scrip has been
at Of to 7 discount. The Dutch 23/4 per Cents.
have been at 611 to I.
Tho following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, of to 5i ; Mexi-
can, 214 to 21i ; Peruvian, 67 to 69 ; ditto
3 per Cents., 47 to 49 ; Portuguese 4 per Cents.,

40 to 42 ; Russian 5 per Cents., 95 to 97 ; ditto
4& per Cents., 86 to 88; Spanish New Deferred,
18i to 181; ditto 3 per Cents., 38 to 38i- ; ditto
Certificates, 5 to 5i ; ditto Passive, 4i to 4i.
Railway Shares have been quiet, but bear rather
higher prices. The Caledonian have risen f, Lan-
cashire and Yorkshire I, Midland and North
Eastern ter 4. Great Luxemburg have been in
request again, at full prices. Paris and Lyons are
rather dearer, and also the Sambre and Meuse.
The Foreign Minijg Market is brisk. Cobre
Copper have risen 1/. to it. 108. ; and in the
Spanish, American, Australian, and other com-
panies, there has been business done at full rates.

_
The Joint Stock Bank Shares have been steady
generally, and Australian higher. The Land Com-
panies, though dull, are at firmer rates.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.

(Prom the Ofccial List.)

Badness done
3 per Cent. Reduced Annuities... 9oi
3 per Cont. Consols Annuities 92
New 3 per Cent. Annuities
Long Annuities, Expire sth Jan., 1860 -16 t
Ditto. 30 Years, Expire 10th ct., 1859 4 1-16
India Bonds, £lOOO
Consols for eona
Exchequer Bills, 21d.
1;1000
2500 . 3 6 p
SmaP.., 3 6 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
New Brazilianßends, 1829 & 39, 5 per Cent. 9S
Kaxica.ii 3 per Cent.
Pt avian Bonds, 4/ per Cent. 67
Sp an Bonds, 3 per Cent 3Bl
Ditto New Deferred, 3 per Cent lBt
Ditto for the Account
Ditto Passive (Converted)
Spanish Committee Cert. of Coup. not fun s,i p
kurkish Scrip 6 per cent
Ditto for the Account 63 71 d
thvidenda on the above payable in Loudon.
Dutch Exchange, 2/ per Cent. 12 Gull
Ditto 4 Der uen-c. %,ertiiieates .....
HALP-PAST TWO.

Consols
Dittk, Account

COURT CIRCULAR.

WINDSOR, DEC. 2.
The dinner party yesterday included the Duchess of
Kent, Prince Ernest of Leiningen, the Lord Chancellor
and Lady Cranworth, the Ladies Augusta and Frances
Bruce, the Right Hon. W. E. and Mrs. Gladstone, Sir
George Couper, Lieu.-Col. Dinnis, Commanding Officer
94th Regiment, and Mr. Gibb.-f.
At dinner the Band of the Royal. Horse Guards played,
and after dinner her Majesty's Private Band performed.
The Queen, with the Princess Alice, rode in the rid-
ing house this morning. Her Majesty afterwards walked
-in the grounds adjoining the Castle, attended by the
Hen. Lucy Kerr.
The Queen and Prince drove out in an open carriage
yesterday afternoon.
Major-General Bouverie and Captain the Hon. D. de
Ros were in attendance on horseback.
The Lord Chancellor and Lady Cranworth, and the
Chancellor of the Exchequer and Mrs. Gladstone, left
Windsor this forenoon.
The dinner party this day included the Duchess of
Kent, the Baroness de Speth, Major-General the Hon.
Charles and Mrs. Grey.
The private band was is attendance after dinner.
DECEMBER 3.
The Queen and Prince and the four elder royal child-
ren, the ladies and gentbmen of the court, and the do-
mestic household attended divine service this morning
in the private chapel of the Castle. The Hon. and Very
Rev, the Dean of Windsor officiated. The Duchess of
Kent and Prince Ernest of Leiningen were also at the
service.

The Duchess of Kent, accompanied by the Prince Er-
nest of Leinengen, and attended by Lady Augusta Bruce
and Sir George Couper, arrived at her residence, Cla-
rence-house, St. James's, on Saturday morning, from
Frogmore. Her Royal Highness and Prince Ernest
visitea the Duchess of Gloucester, at Gloucester-house,
and in the afternoon returned to Frogsaore. Lady
Fanny Howard has succeeded Lady Augusta Bruce as
the Lady in Waiting to the Duchess of Kent.
Hooheem Abdool Nubbee Khan and Sirdar Gholab
Khan Bahadeor, aides-de-camp to the Rajah of Puttea-
lah, paid a visit of ceremony to Sir Charles Wood, Pre-
sident of the India Board, on Friday last. They noti-
fied to the right hon. baronet that the Rajah had, by
the last accounts from India, arrived at Allahabad, on
the Ganges, on his way to Calcutta, to embark for, his
visit to the Queen of England.
The Earl of Aberdeen will receive a dinner party this
day week at Argyll House, when he will read the Queen's
speech on opening Parliament to his guests.