The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-26

LEs's ETHIOPIAN orsRA TROUPE
poNAIDsoNs orErA HoUsR-Hops Chapel us nna
- Brosdway.
New York, Friday, january 90, 1856.
The News.
By the arrival q the Pacific we have one weeks
laeer intelligence from Europe. The nsws that she
hshgs ia important, although considerable doubt
exists O. to thevatue which is to DO attached to it.
y II announced that Russia has not only consented
- treat on the basis OF the four points laid down In
- Vienna PROTOCOL Of the month Of August last,
and which, 1t Will be recollected are in the highest
degree hunt atng to that Power, but that at con-
ference held at the Austrian foreign office, ON the
9th, at which Prince Gortschakof, Count puol. and
TIE English and French Ambassadors were present,
. general understanding was come to by the repre-
sentaves OF the Four Powers as to the Interpretation
nat Is to be given to them, which is to serve as the
gT0undwork Of fresh negotiations 70, the restoration
Of peace. The impression which prevails respecting
his new move of the Gear does not seem favorable
10 the conclusion to which points. From the tone
Of the English and French journals, and from the
tenorsOf our private correspondence, the general
opinion In Europe seems to be that the object of
this diplomatic manGuvre is merely to gain further
time.s II viii DO recoNected that by the fifth
asice Of the treaty of the I'd December il was pro-
yiaed that in case the re estabshment Of general
peac6 should not be assured by the end Of January
The contracting Powers were to deliberate without
dshyHpon the means that were necessary to secure
he object Of their concert, or in other words to
enter into fresh treaty Of offensive and defensive
alliance. This sudden change in Russian policy,
and abandonment of the most important Of it's
previous conditions msy therefore, be referred less
10 any sincere disposition to treat for peace than to
desire to adjourn If not defeat this pressing stpu-
tioaof the treaty, and thus obtain the time neces-
Mry % Russia to complete her military prepara-
tions.c This view of the case is confirmed by the
hct, What although by the treaty Of the I'd Of De-
cenhsr Austria undertook to protect the Princi.
yaliries against the return Of the Russians, that
svenpalty has already occurred without tt troops
Of tze former Power making any effort to fulfil the
sngsSSment. By advices resolved from Brailow,
undeEdate Of the 9th inst, learn that sooner
bad Omer Pacha withdrawn the Crimes contingent
om,hs frontier, than the Russians crossed the Dan.
uhe, invaded the Dobrudscha and captured both Tut
schaA pd Babadagh. We hear Of no movement being
made by the Austrian forces either to guard against
such probable event or to meet II when it occur.
red. With such facts before us it Is impossible to
sitionp On the part Of Russia or to the zeal Of Aus
tsia inscaxrying cut her engagements with the allies
Ths latter Power will. in al probability, sh,lter
herseM behind these fresh overtures to postpone
beipS driven iuto the immediate ful6lment Of her
compact with the Western Powers, and thus time
VIII be again purposely wasted until the result o..
The campaign in the Crimea enables here to shape
sat sone new and safer course Of action for her
interests.
The announcement that Sardinia has joined the
ALLIANCE viii surprise no one who has observed the
influence which British diplomacy exercises at thu.
court Her adhesion was deemed necessary in
Osdegto calm any apprehensions that Austria might
entertain with regard to the safety Of her italian
possessions. The!positon Of Prussia st continues
squiroeal rs ever, the mind Of Frederick William
being distracted between his personal sympathies
Sos Rsia and the Antagonist tendencies Of his PEG.
pa. Hanover and Brunswick have resolved 10
take common part with Austria In the affairs Of the
East.
The siege Of Sebastopol was dragging its slow
Asugth aloDg, without any material advantage being
gained on either sde. Several additional sorties
had been made BY the Russians, but they appear to
havsbeen Of trifing character. The French siege
works are completed, and are stated 70 be of the
most formidable character. The English arrange
nenp were not perfected, and the assault was ne.
cessarily delayed in consequence. The 9Th Of Janu-
ary Wis the probable date at which 1t was expected
TO take place, but on this point 1t was impossible,
fomhe dilatory operations of the English engineers,
10 arrive at any fixed conclusion report prevail
Cd In Paris that the place had been taken, but no
oredk was attached to 1t. Prince Meuschkon had
proteotad his army by imnense defensive works
erected along the banks Of the Tchernaya.
The address of the French Emperor, on the occa.
sion - sfis passing the Imperial Guards in review,
exhihtte no great faith in the hopes of peace held
out blythe recent Vienna conference. Tbs new
French loan had been received in the English money
market with favor, and the Paris press appears to
be greatly elated at the fact. The London Times
continues its fierce onslaught on the Aberdeen mi
nistry, and 1t publishes indignant article on the
heartless reception given o. Portsmouth 10 the
wounded soldiers who have returned fro the Cri-
nea, ksse unfortunate barring been detained for
Aoxys ytrring IN the cold ichiie the custom house
e6c{xS ir5se examining their baggage.
Ths Raei6c's news bad favorable effect yesterday
npo4t TN cotton market. Toe sales embraced 4 900
halesinA ranstu, with some los on the spot, the
mArkXe closing at one quarter cent per ID. advance.
There o1as some Mobile middng on the market,
but Aeld above the views Of buyers. There wa, no
New Orleans middliDg on the market. We quote
uiddling upands at SIC. sic., Florida and Mobile
do. NE, and New Orleans and Texas at Ole.
Flour and grain were dull, and provisions quite
steady g The news was considered by our mer-
Chautssmore favorable to peace than that previously
received and st.cles likely to be depressed By the
advent 81, peace were dull, and those likely to be
impruyedby IL were more buoyant aud active. The
New York correspondents of London Greek houses
received sdvices relating to the reports current
in thAt City, first, tina! the French had taken
the Quarantine Fort, and second, that Sebastopol
had bssfh carried by assault on the 4th inst; but
ne unrtiee here did not credit the rumor.