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under the above caption, the question it propounds has received a good deal of additional significance, with but little additional illustration, in the capture of Peking by the allied forces. Like the lucky farmer who bought the elephant, the high contracting parties, of one side at least, seem to care but little for the price. nxious outside inquirers. We find ourselves utterly unable to answer the question, though we ask it to ourselves whenever we open a paper and find "The Allies in Peking," staring us in the face, in large capitals. We can understand what was done with the plunder taken in the palace, and what will be done with all plunder hereaftd possession would seem to us rather too large to be conveniently spared. Moreover, we cannot exactly see what good purpose it would answer. Would a garrison in Peking make the Celestials behave any better in Canton? We must be allowed to have our doubts, unless it can be shown that the outlaws of California are overawed by the