The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-02


with just the same evidences of confidence that
the recent reply Of Alexander has evoked The
funds went up two per cent, and the credality
OF the English public was almost pushed to the
extreme of believing that peace was actually
un .tat accompl. Owing to the overthrow of
the Aberdeen Cabinet and the death of Nicho-
las, the Vienna conferences were not, how.
ever, opened until the 18th OF March following.
A strong effort was made by the Russian repre-
sentaDlves to substitute for the first clause Of
the aide memoire of the Allies the following in
depreciation -
J. Abolition OF the exclusive proectorate Of Russia in
Moldav'a and Walache, the privileges recognised ~
these provinces By the Sultan being placed under the
guarantees Of the five Powers.
This excited considerable discussion, and it
conference conld come to m agreement. The
Russian ENJOYS abandoned their amendment
and the original clause was adopted without
modification.
On the 18th of March the second point wa!
disposed Of This also was warmly combatted
by NJ. Titoff and his colleague, and the follow
ing substitute was submitted by them
=. Free n2vg0uOn oil the UnnuO0, accofulng 10 tlt
principles established by the the Congress of vi
emma in the article duv.al commun cations Control
of mixed commission, which would 30 invested with the
powers destroy the obstacles existing 81 it
mouths, or which might at later period bs formed
there.
This Interpretation was too ingenious gene
radiation of the issues met by the terms OF the
hide Nemoire to obtain even patient conside-
ration, and being promptly rejected by the
English and French representatives, the origi
nal text was adhered to.
On the Goth the third point was brought I'M
der discussion, and on this the conference
naturally broke up, the Russian representatives
being unable to agree to the allied interpreted
ton of it. We subjoin the notifications of the
third and fourth points submitted by Russia
g. Revision of the treaty of the 18th July 1884, to at
tach more completely the existence Of the Ottoman
Empire to the balance Of Europe do not refuse to
to understanding in formal conferences for peace,
the which the three may propose put an
end % gha they cal! The prepo'derance Of Russia in e
there BE- no one Of noture to infringe upon e ghts OF
sovereignty Of my august master on his ota territory.
4. collective guarantee of the five Powers (suost-
tinted for tie exclusive patronage pos, essed hitherto
some OF them for the conservation and observance the
religious privileges of the different Christian comun;-
ties without disnctio OF form of worship condition
that tae realization Of the solemn promises made in the
face Of the world by the great Christian Pc vers shall BE-
serious aud conscientious work. and that the protection
pre- mised shall be effcacious, and not vain word
On the sth of April the ninth session of the
conference took place, and an adjournment
sine die was voted. In June there was quasi
resumption of it, but it led to nothing, and all
hopes Of peace from this source vanished.
Again, after an interval of seven months,
signalized by no events which can be said to
have materially altered the positions and for
tunes of the belligerents, we are told that
Alexander has consented to treat on the basis
of the new propositions submitted by Austria.
Looking at the humiliating character of the
terms therein laid down, this announcement
would excite in us feeling of surprise were
it not for the facts detailed in the history of
the previous negotiations. The only
wonder is that the news should have
created Hucn feeling OF confluence
in the English, and, indeed, in our own money
markets, which have both been unreasonably
stimulated by it. Had peace been actually
concluded we question if greater reaction
weuld have occurred than that which took
place on the London Stock Exchange on re-
ceipt of the news. A rise Of three and a quarter
per cent in consols, proportionate rise in
cotton, and decline in breadstuds, are all in
dfations of the intensely sanguine feeling
which pervades the public mind in England on
the subject.
Now, unwilling as we are to damp expecta-
lions in which such weighty interests are in
volved, we must own that we are far from
sharing in the hopes which this announcement
has excited. In the first place, Alexander Is
not in position which would justify his &C
ceptance of the new conditions sought to be
imposed upon him. The financial resources Of
his empire are still unimpaired, and his mill
itary strength has suffered no material
limiDution. His arms have, on the con-
trary, reaped rich harvest of glory
in the contest thus far. To strike at
such a moment, and to abase the ma
tional honor in the eyes Of the world, by lick
ing the dust at the feet of his enemies, would
raise against him the indignation of his own
people, and probably cost him his throne.
Again, it by no means follows that because he
has consented TO treat on the basis of til ,se
conditions, be means to accept them in their
present sense. We have shown in the case Of
the previous negotiations what q wide con-
struction is given By diplomatists to an act Of
formal adhesion to document like this. We
have not the slightest collateral grounds for
that the Emperor Of Russia regards
them in any more definite light No sovc-
reign would be fool enough to reject the pre-
liminaries Of negotiation having for its OBJ
ject the putting IN end to bloodshed He
would be placing himself in the wrong before
the world by doing SO, and Alexander is too
well advised by the veteran diplomatists by
whom he is surrounded to commit such an in.
discretion.
The conduct Of Austria in this new attempt t
paciication does not impart to it any
greater seriousness. She tells the Russian
Cabinet that if by the 18th Of January it does
tha MI ai,,v,, ob r,sfl