The Sun.
London, England, 1856-01-28 00:00:00

THE PEACE NEGOTIATIONS.

The Paris correspondent of the illontivg Post
(Second Edition), in his letter, dated yesterday,
says that Count Buol has not obtained the Rus-
sian signature to all the demands which the Cabi-
nets of England and France have thought proper

to signify as necessary before opening negotiations.

VIENNA, JAN. 26.

Russia proposes that the preliminaries of peace
shall be signed at Paris.

She also expresses a strong desire to conclude
peace as speedily as possible.

MARSEILLES, SUNDAY.

The Hydaspe has arrived with advices from
Constantinople of the 17th, and from the Crimea
of the 15th inst.

There had been heavy snow-storms at Constan-
tinople,

The Conferences on the Principalities are sus-
pended. Lord Stratford de Rodeliffe declares
himself to be without instructions. There is still

a. discussion going on about the privilege of the
Rayas and a collective Protectorate.

It is affirmed that an English, French, and
Austrian army will occupy that portion of Northern
Turkey, and insure the observance of the treaty.

Dervish Paella has left for Paris.
The Porte is endeavouring to arrange the Per-

sian difference.

The English transport Apollo has been wrecked
in the Dardanelles.. The captain has blown his
brains out.

The first conference respecting the rights of the
Christians in Turkey was held at Constantinople

on the 16th.

Omer Pacha is expected. He will go to Trebi-
zond, thence to Erzeroum, where 20,000 troops
are concentrated. The cholera i 3 raging in the
Egyptian division, and cold and sickness have
compelled it to return to Trobizond. General
Williams has left Tiflis for Moscow.

The destruction of the docks at Sebastopol still
continues. They aro being destroyed peaccineal,

as general or simultaneous explosions aro pro.
nounced dangerous. The cold continues intense.
Health of the troops good.

ATHENS, JAN. 18.

Great festivities have attended the Governmental
reforms. The diplomatic and court intercourse is
more satisfactory. A law has been promulgated,
increasing by 5 per cent. the duty on Danubian
corn imported into Greece.

FRANCE.
PARIS, SUNDAY EVENING.

A Cabinet messenger passed through Paris to-day
from Vienna, bearing important despatches for
London.

The Italian papers say that the Government of
Piedmont has sent notes to London and Paris, ex-
pressing its views with regard to the propositions
for peace.

The 1,1 oniteur publishes a decree, founded on a
proposition of the Minister of War, making one
promotion to the rank of Commander, and three
nominations to that of Knight in the Legion of
Honour ; also another decree accords 24 military
medals, and a third confirms three nominations to
the rank of Knight in the Legion of Honour, made
by Marshal Pelissier.
The Moniteur reverts to the banquet at the
British Embassy, to give the text of the speeches
delivered there. The following is the language
attributed to his Excellency Count Walewski :
" Monseigneur, my lord, and gentlemen,—l am about
to propose to you to drink to the English army and
navy. Permit me, on this oce9sion, to conceive here
a wish, to which I am sure, gentlemen, you will all
adhere with the utmost cordiality. May the Eng-
lish soldiers and seamen be al ways able to fight
side by side with the French soldiers and seamen, for
the triumph of so just a cause, and with such signal suc-
cess. May the bonds of fraternity, cemented so glori-
ously on the fields of battle, never become weakened,
but may they perpetuate the alliance that exists so hap-
pily between the two countrie,,."
After the toast of his Excellency the Minister for
Foreign Affairs, his Excellency Lord Cowley
added :

"Monseigneur and gentlemen,—Permit me, before
we separate, to propose to you this toast also To the
re-establishment of Peace.' Ido not fear proposing this
toast in the presence of so many military men, for they
who know the misfortunes occasioned by war can appre-
ciate better than any one the happiness of peace. May
God grant that the negotiations about to be opened may
lead us to a peaco both honourable and enduring. `To
the French army and more particularly to the gene-
rals, officers, and soldiers, to the admirals, naval officers,
and seamen, who have taken part in the present war,
and who by their bravery, er.ergy, and devotion, have
secured success wherever they have been engaged with
the enemy. . _

A story is now circulating in diplomatic circles in
Paris, which, if it can be accepted as true, explains
how it happened that the English Government
gave a reluctant consent to the very insufficient
Austrian propositions, and why it is that while the
war enthusiasm among French officials has alto-
gether subsided, the English nation feels instinc-
tively that something is wrong, and expresses its
discontent and uneasiness by the voice of the press.
It is said, then, that so long ago as the end of last
autumn, Austria was pressing the allies to consent
to a peace upon terms very much the same as those
recentlyaccepted at St. Petersburg. Adraft of these
terms was sent to Paris, and was there so far favour-
ably received that the French Government under-
took to forward them to London for consideration.
The answer from England was a peremptory nega-
tive. Palmerston's Government then thought
that these terms fell far short of what the allies
ought to demand, both as the legitimate result of the
success of their arms and with a view tosecurity from
future aggressions of Russia. On the receipt of
this answer, the Emperor Napoleon's Minister for
Foreign Affairs forwarded a despatch which rnav
he shortly translated as " What next ? and next ?'
No attempt was made to..controvert the English
arguments as to the insufficiency of the Austrian
suggestions.. The language used in reply was fun
of courtesy, friendliness, and even deference. But,
it was pointedly observed, if these Austrian pro-
positions be not accepted,rce ser a la guerre a
l'outrance, the war will assume proportions not
contemplated at first, a new understanding must
be come to, and the original stipulation that nei-
ther France nor England was to gain any private
advantage as the result of the war must be re-con-
sidered. England, it-was either said or insinuated,
may think the destruction of a rival naval power
in the Baltic a sufficient compensation for her sa-
crifices, but France has no interest in such a con-
summation, and indeed many Frenchmen think
her interest lies the other way. The sum of
this communication was that France by no means
refused to go on with the war on the scale which
would be necessary for the next campaign, but that
at this point of the discussion she would be glad to
know What she was to get by it, and how far she
might calculate upon the support of England in
asserting her legitimate claims to consideration
whenever peace should be made. The English
Cabinet cannot nave been very much surprised at
this diplomatic sortie on the part of France, because
they must have known that the extension of the
French frontier to the Rhine has long been the
favourite topic of conversation in every barrack in
France, and that the French Emperor could not be
expected to go to war with Prussia without look-
ing for such a result—without dwelling on the
dynastic reasons which may naturally be supposed
to impel his thoughts in that direction, he would
have much ground to insist that he could not
sufficiently calculate on the support of his people
for a tremendous war unless some tangible result
were to be obtained by it. It is certain that a war
to regain the old boundaries of the Rhine would
be popular in France, and equally certain that the
people, while pleased at the "glory " which the
army s gained in the Crimea, takes very little
interest indeed about the particular reason for
fighting in that remote region. However, it ap-
pears, and it is certainly not to be wondered at,
that the agglish Grovonaact, speiag the drift et

the French interrogatories, shrunk from taking
upon itself the responsibility of entering• into an
engagement to support France in an encroachment
upon Prussian territory. Instead, therefore, of
giving any direct answer to the insinuations con-
tained in the French despatch, the answer sent
from London was that "upon reflection" the
English Government would accept the Austrian
propositions. It was about this time that the
famous peace pamphlet advocating a Congress ap-
peared in Paris, and ever since the opinion has
been industriously inculcated in Europe that France
is for peace and England for war.

BOURSE, Jan. 26.—The following are the last
quotations :

Cash. fr. e. BM of htolth
11 per Cents 94 60 —f. —e.
3 per Cents 6B 90 69 15
New Loan 69 70
Bank Shares 3250 Roman .
Credit Mobilier 1445 Austrian
.3elgian Fives — Spanish Threes
Piedmontesc (5). B6 Home Debt

RAILWAYS—roIe CASH.

R 4
83i
40
36

ir. c. C
Orleans .. l2OO Western 798 75
Northejn . 897 50 -- itrasbneg
Lyons . ..... ... .. 1190 New Ditto 782 50
Niediterranean 1325 Grand Central 6OO
Lyons Geneva 705 -- Teate . . 630
Cette