_January 14th._--I met Clarendon last night and had a talk about affairs at home and abroad. John Russell at Paris is satisfied with his conversation with the Emperor, who agreed that we could make no peace but one which would be glorious for us. Clarendon does not believe the Emperor of Russia really means to sacrifice Sebastopol, and thinks when he sent his acceptance of the four points he was not apprised of what had passed in the Conference, which was merely verbal. Gortschakoff, in a passion, said, 'I suppose you mean to limit our naval force, or to dismantle Sebastopol, or both;' to which they replied, 'Yes'; but nothing was put in writing to this effect. This makes a great difference, but I do not despair. There is a great question about a negotiator, and the Queen and Prince want Clarendon himself to go. He refused point blank; he does not like to leave it to Westmorland alone. I suggested Canning, but he thought Canning had not had experience enough, and that it ought to be a Cabinet Minister, and asked, 'Why not Palmerston?' I objected the difficulty of relying on him, his hatred of Austria, and the terror he would inspire; and I said Granville might do, but that I saw no reason why he should not go himself if he had reason to think it was likely to succeed, though I would not go merely to return _re infectâ_. We then talked of Lord John and of Newcastle. He said that Newcastle is exceedingly slow, and has a slow mind, but that there is no case whatever for turning him out, and he cannot be blamed for the failures in matters of detail, and as for the great measures the responsibility belongs alike to all. Lord John never is and never will be satisfied without being again Prime Minister, which is impossible. I said the Duke of Bedford assured me that his brother did not _now_ want to be Prime Minister. 'What does he want then?--to retire altogether?' 'Yes,' said Clarendon, 'that is his intense selfishness; utterly regardless of the public interests, or of what may happen, he wants to relieve _himself_ from the responsibility of a situation which is not so good as he desires, and to run away from his post at a moment of danger and difficulty. If we had some great success--if Sebastopol were taken, for example--we should hear no more of his retirement.' As matters are, however, Clarendon thinks very ill of them abroad and at home. This disposition of Lord John's keeps the Government in constant hot water, and no confidence can be placed in Raglan, while it is impossible to find anybody who would, as far as we can judge, do any better. LORD RAGLAN'S COMPOSURE.