The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-07
AFFAIRS IN EUR oPE.
Our London Correspondence.

Our London Correspondence.
LONDON Sept. II, 1856.
The Peace Question Noo--Wha Are TIE Chances Of
Setlement?--EBtcs Of the FIJI, of Setdshpol Party
Politics in Engand-7ae Present Financial Asr. Of the
War-Ihe Drain Of Specie from he Banks Of England
and Fraace-Is Consequences in Connection 9Th the
United Saies
The public mind here has settled down. after the extra
ordinary perturbation into which it thrown by the
exciting oflast week The apprehensions awakened
by tho obstinate and unexpected resistance ofthe garrison
al scbastopol aayed and there Is not only convic-
ton that the war win DO prolonged, but that
peace Is not very far distant.
II IL certain tina. the Allies than satisfied by
success far beyond their hopes, and that they would
like nothing than TO negotiations to-mor
row. The difficulty will be to induce Russia TO lay
down her arms after receiving blow her
evacuation Southern sebastopol has enailed upon her.
TO continue the contest with England aud France will
cost her heavy sacrifices and her utmost efforts can IN
sure her advantage them. If she chooses to
abandon the Drimeh and fall back within her natural
borders she may without any great loss in or ter
ritory, proong the indefinitely This might lead to
serious consequences FOR the Allies for it would likely
bring general in Europe, with al its insacuabc
results; and amid the universal confusion and exhaustion
that would cDsue Russia might recover, both in
prestige and fact all that she has far lost Napoleon
III. entertans projects u aggrandzenent for France
that war would enable him to crafty but still there
risks that he might prefer avoiding There Is doubt
that England would gladly make peace, her interests
both commercial and political, mperousy dictate it,
You may see therefore from this brief view of the a
ton of Europe that all is in suspense. consultation
is, doubt going at this moment amongst the half
dozen men control the desnics Of Europe to the
best course be pursued under the circumstances.
Sesselrode Maneufel and Messrnish are
asking each other year n and year out III Louis
suPplanied the oligarchy in England9 Win this
policy be- most favorable to the mo .
point and you may depend that the celebrated trio
have just named win turn it and over before de-
Gliding unless their minds are. are already made , up
hear and of peace war; and nothing but
war, is The settled policy Of Eastern Europe.
Meanwhile, Louis Napoleon and Lord Palmerston and
the Times waiting watching and discussing amongst
themselves WHATS best to be done?" !, the all i'm
concae Russia and get out of this expenditure
fast canY shall go the entire animal and
snap our fingers at the consequences Shall we over
put own men in their places? Shall we put an end
to the inriguers OF the palace at Madrid and send an
other Bonaparte to manage them II he can. Shall we
dsmembc Austria, and throw Germany into revolutions
Shall hatch empire in the panuban Principali-
ties that will protect commercial interests in that
quartera Shall prop up Turkey, and be id 70 it,
until blot ii from the map Of Enrope2 shall we
auotsd: Cor shant weYu he future Of Europe and the
world you perceive is in the balance, and IL must be
consclng for lucky Yankees TO know that, kick which
beam it may, lose nothing but must gain ifpeace
comes but siill more If the goes
All the knowing ones here are laughing at the awkward
fix into which Sir j. Graham Gladstone and Lord j. Rus
sell have got themselves by turning round at the last
moment, and opposing the very war they had begun.
They this upset lameron and get back into their
places. They dreamt Of sebastopo being taken
before Parliament met again. and In that case they would
have overthrown their rival The fall Of sebastopo has
estimation. The Times denounces them, Punch ridcules,
and the public blesses them the wrong way. Let poit-
clans at home take warming could name some OF them
who will be worse off than Gladstone year or two
hence.
The banks of England and France beginning TO feel
the effects Of the drain of specie to support the armies in
goes on the commercial world will begin to feel it..
fear entertained here that instead OF gold from New
Yorb you will be sending them four, which, for the pre-
sent, they could dispense With.
In theatrical matters nothing very Kean closes
his theatre the 18TH with the 10th performance OF
Henry VII., and crowded to the last. he is the Ma
poeon managers j. r. Anderson playing with great
success at Two London theatres on aerna's nigbts-
quite novelty in it's way The well known Wizard OF
the North has taken the Iyceum theatre (where tho
egerd main of poor Charles Mathews couldn't him.
and crowds OF the curious If all classes nightly
gfegate to be perpexed in the extreme by his incom
parable feats
London has her apogee Of duness. Even Albert
Smith has shut up shop, and Mont Blanc is momeniary
left at peace.
Col seatop, Of Washington, is here, and though over
seventy il running about London with the zeal aud act
witty OF young Of twenty He went to the country
house of Yankee natob, near London, lately, and
bagged n dozen brace of pnrtridges in few hours.
must have stout legs wei editorial experience,
to 60 through such exercise at seventy two.
Mr. Buchanan is hard at work with Lord Ciareadon at
important negotiation, and though know the sub
ject OF IL, must not word even TO the HERALD for
am bound TO secresy for the present All IN good time
NEW YORKER.