The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-07

eventually successful termination form the
70 the root of tree which bias fourshed for eight hun
dred years. There is little doubt that this foreign enlist
nent scheme than meets the eye. The ars-
tocratc mind naturally breads the of trained
10 arms which, in the event Of the being entirely
supported by the youth of the country, viii subsequent
~ fall back on it's hands-ther Occupation gone their
IDEAS enlarged their shoulders heavy with taxa
hon-and If such future could be avoided by the
Ployment of . mercenary army, it might be thought
cheaply bought. II remains to be whether the
count will take the view, for immensely powerful
the most influential class in tranquil times
voice when fairly roused and are so
we'll aware OF it, that they their heightened tenure
entirely to their wisdom in ceding to the popular
ere the tide has risen to its heghth They did in the
Catholic Emancipation act, they did in the Reform
bill, they did so before the demand Of the Corn Law
league and they will not exhibit less prudence now
UNIVERSITY CLUB.
Our Paris Correspondence.
PARIS, Dec. IL, 1854.
The austrian Treaty--Russian Poiicy-B Business
~ Paris Change in the Turkish Miaistry--
Prince Napoleon Significant Sayings attributed
TO the French EMPEROR Criminal Guulotiaed
= Movements Of Uasted States Diplomats
American Newspaper Started in Paris, &c. &c.
The treaty Of alliance between Great Britain,
France and Austria, ON the I'd Of December, has oc-
easoned all sorts OF conjecures to its terms and
conditions. The official silen,e in respect to it
which has been maintained viii probably be broken
to morrow, when the British Parliament assemblies.
You may receive, by the steamer which will carry
my letter, more positive information on the subject
than can send to-day. 1! the assertions of the
Ost Deuische Post concerning the altimssum al
dressed by Austria to Russia should prove to be
correct, il ii not likely shas Russi4 will sub nit to
the conditions laid down in that document. still
think that no very saaguine snticpa.ions of a ia
Ia ta,r al D,rS, = I Jnr
The rumor, however, that, in the event of an an
favorable reply, Prussia also will give its adhe sion
70 the Western Pc has obtained SO much credit
~ 10 produce, With other encouraging copjectures,
quite magical effect at the Paris Bourse.
remark ascribed to Frederick William has
been frequently repeated at the Boarse dur
ing the past week. The King il alleged
10 have eaid, al must always remember that the
Gear is my brother in-aw; but cannot forget that
Prussia Is not his sister-in-lsw." In Prussia, and
in Germany generally, the people manifest their
esntentment in vieE of an alliance with the West
ern Powers, and the German press indicate more
confidence than the French and especially the
English, press can pretend to hare in the chance
Of pacific solution of the Eastern question. One
French journal has expressed almost regret that
she state Of exultaton in which the war has throw
the popular mind in England would interpose Sc
yious OBSTACLES to o speedy and pacific termination
Of the war, even ii Russia we're to accept without
comment the four conditions Of peace. These con-
ditons indeed admit Of such an elastic interpreta-
tation that Russia might accept them without reslJ
losing the underground which she already pos
seases, or abandoning her ultimate hopes.
At the Bourse in Paris, as have intima ID, the
unexpected conclusion Of treaty with Austria
and the partial details which have transpred re
specsing II, have occ asioned unwonted activity
All the values which had not resisted recent dis
couragiDg influences, followed the three francs rise
Of the public funds. To cite but enc example, the
Lyons Railway shares rose at a single bou d from
965 TO 900 francs.
This activity at the Bourse has naturally impart
cd to commercial affairs stinu lus which they had
begun to need sadly enough. The agitation which
has ensued must not indeed, be mistaken for seri
GUS return TO business activity; but IL is good sign
on she part Of business men of their readiness on
the first decidedly favorable symptom Of peace "a
resume with energy their interrupted pursuits. Ex
porters begin again to show signs OF life, and toe
great manufactures have been lately visited by
Dutch, German, and Spanieh com mission m n
chants, who have not made large orders, Ii Is true
but who have asked for SAMPLES. Scarcely any
recent Enghsb orders have been received, hoS-
altogether exceptional and almost exclusively for
the spring trade.
Scare .ly ANY token has yet been exhibited OF that
peculiar commerce viii n, in the latter part OF De-
cember and the fist part Of January, annually CON-
yerts Pars into an immense bazaar. few Of the
booths which form irregular lines along the Boule.
wards and the other principal streets OF the ca 3ta
ct New Years, have been already erected. b; IL
would require another Tartar story Of the fall Of
Sebastopol, or very remarkable somersault OF TIE
German oiplomatists, to give Paris as animated
and picturesque an aspect as lis unrivaed shop
windows and Its Vanity Fair Of booths usually dis
play at this season Of the year. Those families
whose income has not increased for years past,
while their expenses have been yearly multiplying,
must abstain now from their amiatle habit OF ex.
changing New Years gifts or indulge in il only to
very moderate extent. None can expect splendid
presents, except certain Aspasias Of our Athens
whoee Percies have been lucky at the Bourse, or,
luckier still have secured heavy contracts pur-
veyou for the army In the East.
But dull az Paris Ia, IL would look cheerful aud gay
enough TO moro than one poor fellow as he Hgas Tor
he B3ulevards while pacing his quarter deck on TIE
sards music at the mssked balls of the Opera, while
very different balls are whistng about his cara aud
falling in the trenches before SsbastopoL
The latest news from the Cr,mea which has been
che 2ist, the disorder resulting from the tempest of
the Ilth was partially repaired. The efforts 60 save
that noble vessel, the Henry had proved uc,ess-
full. The siege was pretty nearly suspended by tue
The allies were proftting by this virtual truce, BY
constructing new batteries and by trying to rem fer
their Notifications mpregnable. Doubtless the Rus
slams have been equally busy on their side. The
effective force Of the allies on the 2s was estm1ted
at 650 900 men. Everything was In preparation for
decisive attack towards the end OF tn month.
News to the 30th Of November has been received
from Constantnople. ministerial change has
made Reschid Pacha Vizier, aud ALI Pacha Minis
ter OF Foreign Affairs. Aali Pacha Is more rcm,rk.
q Die for his intelligence aud sympathy with EIco'
mean sentiments than for energy OF character. The
external relations of the Turkish government will
mot be affected by this ministerial change; IL Ia
merely q frssh proof OF the prep1nderating inau-
enoa Of Reschid Pacha. Toe Duke Of Cambridge
hsd arrived In Constantinople on the 18th uIt. He