Macdonald, Caulaincourt, and Ney, soon afterwards arrived at Fontainbleau, with the treaty which they had concluded on the basis already announced by the Emperor of Russia, who had taken the principal share in drawing it up. Under his sanction the commissioners had obtained such terms as never before were granted to a dethroned monarch, and which have little chance to be conceded to such a one in future, while the portentous consequences are preserved by history. By these conditions, Buonaparte was to remain Emperor, but his sway was to be limited to the island of Elba, in the Mediterranean, in extent twenty leagues, and containing about twelve thousand inhabitants. He was to be recognised as one of the crowned heads of Europe--was to be allowed body-guards, and a navy on a scale suitable to the limits of his dominions; and, to maintain this state, a revenue of six millions of francs, over and above the revenues of the isle of Elba, were settled on him. Two millions and a half were also assigned in pensions to his brothers, Josephine, and the other members of his family--a revenue more splendid than ever King of England had at his personal disposal. It was well argued, that if Buonaparte deserved such advantageous terms of retirement, it was injustice to dethrone him. In other points the terms of this treaty seemed as irreconcilable with sound policy as they are with all former precedents. The name, dignity, military authority, and absolute power of an Emperor, conferred on the potentate of such Liliputian domains, were ludicrous, if it was supposed that Napoleon would remain quiet in his retreat, and hazardous if he should seek the means of again agitating Europe. It was no compliment to Buonaparte's taste to invest him with the poor shadow of his former fortune, since for him the most honourable retirement would have been one which united privacy with safety and competence, not that which maintained a vain parade around him, as if in mockery of what he had formerly been. But time fatally showed, what many augured from the beginning, that so soon as his spirit should soar beyond the narrow circle into which it had been conjured, the imperial title and authority, the assistance of devoted body-guards and experienced counsellors, formed a stake with which, however small, the venturous gamester might again enter upon the hazardous game of playing for the kingdoms he had lost. The situation of Elba, too, as the seat of his new sovereignty, so near to Italy, and so little removed from France, seemed calculated on purpose to favour his resurrection at some future period as a political character.