“The imperial emigrants in London have established an organ, _La Situation_, to represent their interests. Its contents are to be reproduced in the newspapers we have founded in the eastern districts of France, but the sources are to be so indicated as not to identify us with the views therein expressed: _i.e._, it must be understood that we are not endeavouring to promote the restoration of the Emperor. Our object is merely to maintain the sense of insecurity and discord between the various French parties, which are all equally hostile to us. The retention of the imperial symbols and formulas in despatches will prove of service in this respect; otherwise Napoleon or a Republic is a matter of indifference to us. We merely desire to utilise the existing chaos in France. The future of that country does not concern us. It is the business of the French themselves to shape it as best they can. It is only of importance to us in so far as it affects our own interests, the furtherance of which must be the guiding principle in politics generally.” Under instructions from the Chief I telegraphed in the above sense to the principal officials at Nancy and Hagenau. At tea some further particulars were given of the last conference between the Chancellor and Jules Favre. Favre was, it seems, informed that we could not communicate to him the exact conditions of peace until they had been settled at a conference of the German Powers engaged in the war. No arrangement could be come to, however, without a cession of territory, as it was absolutely essential to us to have a better frontier as security against French attack. The conference turned less upon peace and its conditions than on the nature of French concessions, in consideration of which we might agree to an armistice. On the mention of a cession of territory Favre became terribly excited, drew a deep sigh, raised his eyes to heaven, and even shed some patriotic tears. The Chief does not expect that he will return. Doubtless an answer in this sense has been forwarded to the Crown Prince, who telegraphed this morning to ask whether he should attend the negotiations.