The true Democrat., 1856-02-19
From tIe N. U. Pcayun( NEWS FROM EUROPE,
By the Steamship Arabia.

Il rom SiflHg summary ( the news from Europe brought by the steam ship Arabia which left Liverpool on the l9t ult., and arrived at Halifax on the 31st. W had pretty full summary, by telegraph di rect, of the most important nsws, but the on to the New York papers being more complete and the int 'lligence, especially as to the peac, negotiations, being of more than ordinary in terest we copy the whole, as follows:
 The Peace Negotiations.
 The grand news of the week is that Russi; agrees to negotiate on the terms proposed by the allies.
 The hrst announcement was made from Vien ma by telegraph to the London Times, in tho following words:
 Russia accepts the allied propositions un condltionally. This is authentic"
 This despatch caused an immense sensation The funds rose 3 per cent, and cotton l farth ing. In the other markets a panic reigned.
 Next day the government published des patch from Minister Seymour, at Vienna as fol- lows: Russia agrees to accept the allied pro- posals, as the basis of negotiations" This qualified announcement curbed the excitement and aarmists begin to fear that Russia merely seeks to gain time, by deceptive negotiations Meanwhile, funds remain steady. Previous to the above announcement, the Vienna papers re- presented the state of affairs as most serious, unexpected, and alarming, and that all the personnel of the Austrian Embassy had received orders to quit St. Petersburg, and the Russian Embassy was ordered to leave Vienna.
 The actual circumstances were. that when Count Esterhazy handed to Count Nesselrode. at St. Petersburg, the Austrian allied note of December 2d, he said that he was not author lzed to enter into dscussion; but if the note was not accepted internationally before Janua- ry Sth, he and all the Austrian Embassy must leave St. Petersburg. To prevent this, Count Nesselrode communicated with Vienna direct. and January 11th, Prince Gortschakoff had a talk with Count Buol, in which Gortsceako of produced memorandum, expressing general inclination on the part of Rusaia to negotiate. but proposed certain alterations in the pro- gramme. Count Buol formally rsceivad the document next day, Friday, the 12th, but in- asmuch as it did not contain an acceptance, pure and simple, of the propositions, Austria could make no reply without the concurrence of France and England. The Ambassadors of those powers accordingly sent to Paris and London, and received for reply that the western powers had no motive to give up decision which had already been carefully considered. 3hA Aut ILa1 II " IOtu huSSla OlO not accept the ultimatum, Count Esterhazy and the Austrian legation would leave St. Peters burg, and Austria would immediately seek to obtain the armed cooperation of the Germantic Diet against Russia. During the week that elapsed between Russia's first and second reply, intense apprehension existed in Vienna. al. though without sufficient cause, for the Aus trian cabinet had taken the precaution to notify at the+n rupture>of diplomatic relations, Austria would not be in position to commence hostilities this year. On the 18th, all apprehensions were set atrest by the announcement above stated, that RuSsiaagr to negotiate on the terms proposed
 The Csimea.
 From the Crimea there is nothing important Numerous ambuscades of Cossacks were distri. buted around the allied camp, but vigilance prevented many Straggers being captured- Several additional explosions had been made in the Sebastopol docks, and they were nearly destroyed. France and England each reserve gate, by which they were enclosed, as a trophy The lnvalide Ruse published a despatch from Prince Gortschakot, saying that a party of French, wearing white cloaks to prevent their being seen in the snow, advanced by night and surprised Baidar, bayonetted the outspoSts and retreated when the Russian reserves came up. Gen. Codrington's latest despatch is dated January l, and merely reports the health of the army to be good.
 Asia.
 Constantinope intelligence under date of January 7, reports Mouvarieff advancing in Asia His advanced posts are within three hours march of Erzcroum. The campaign of the Turkish army in Imeustia is definitely abandoned in order to cover Erzeroum. Omar Pacha's troops have began to arrive at Trezi- bonde. The Egyptian contingent had already embarked for there.
 ,Tae Baltic.
 A Dantzc letter, of January II, says that the American ship Washington, which lay all summer at Copenhagen, had landed her cargo on the ice and conveyed it in sleighs into Riga The American ship Telegraph is reported in the Categat and anorther vessel at Revel.
 Great Britain.
 Home politics are quiet. Palmerston's min- istry is gaining adhersnts in parliament The hope of peace throws all other news into the shade.
 The Presidents message is, of course, va riously commented upon, but the general opi- nion was favorable It is considered moderate in tone. yet expressing tho Presidents views with dignity and precision. No one in England anticipates rupture between the two countries
 treaty has been made with Japan, opening to British commerce the ports of Nsgasaki and Kapokadi, the same as to the Americans.
 Hon. Henry Goulbourn, ex-Chancellor of the Exchequer, Is dead.
 The Countess Dowager of Errol, daughter of William w. and the celebrated Mrs Jordan, is also dead She was fifty five years old.
 The fourth consignment of machinery for the government small arm factory, was landed at Woolwich or the 18th inst, from Robbins, Lawrence & Co.,, Windsor, Vt
 The Cunard steamship Asia arrived at Liver pool early on Sunday morning, January 18th, but lay of several hours for want of water.
 The Collins steamer Baltic arrived at Liver pool at Il o'clock, on Tuesday morning Jan uarv 17th Four hours after leaving New York, terrible gale sprung up from the north and east, and continued all day and night She experienced severe easterly weather all of the passage and lost one of her boats.
 The Union did not touch at Southampton, on the way to New York but sailed from Havre, direct
 The Belgique sailed on the 11th, from Ply mouth, for New York.
 France.
 The council of war continues it's sitting at Paris. Two commissioner, one for the army and one for the navy, are appointed to prepare a report There had been discussion relating to the withdrawal of the allied force from the Crmea, retaining only Kamiesch, Eupatoria, and Balaklsva, and making campaign up the rivers of the Southern Providences of Russia The admirals opposed the plan, inasmuch as it would take six months to remove the material of the past campaign from the Crimea
 There was grand review at Paris, on the 18th, of the troops from the Crmea, when the Duke of Cambridge, in the name of Queen Victoria, presented the British Crimean medal to l4,00Q. French troops
 The M3niteur publishes the report of the Minister of Finance. The report says the finan- cial condition of the country is excellent, and that the only danger is the temptation to ex. travagance, but hopes the Emperor will post pone expenditure on all enterp'lses except those of