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dest and most unreliable upon American affairs) says it is true — is that the Cabinet of Resale has proposed to France and England to make an offer of mediation to the Government of the United States. The matter was arranged, it is said, when M. Thouvenel went to England; and having been accepted by the English ministry, M. Thouvenel, immediately upon his return to ... to Vichy, where the Emperor his assent also. The proposition is said with simply that Russia shall make to our Government anM. Thouvenel, immediately upon his return to ... to Vichy, where the Emperor his assent also. The proposition is said with simply that Russia shall make to our Government and that of the rebels an offer of mediation upon the principle of a cessation of hostilities, and a subsequent compromise of some description, which will he the means of putting an end to the war. If this be accepted France and England will remain as mere lookers on while matters are being arranged; but if it is not then within a month afterward Russia will retire, and, an active armed intervention on the part of Frances and England ensue. Such is the story which, as I say, has obtained here