The most important question now pending is what to do with the fleets. They cannot remain much longer in Besika Bay, and must either retire to Vourla or enter the Dardanelles. The Emperor Napoleon wishes they should enter the Dardanelles, but only a little way, and not go on to Constantinople; and Clarendon takes the same view, proposing a _mezzo termine_. The Emperor professes an earnest desire for a peaceful solution, and the strongest determination to act in concert with England to the end, and his views seem very sensible and proper. But, notwithstanding this disposition, in which he probably is sincere, there is reason to believe that he is all the time keeping up a sort of secret and underhand communication with Russia, and the evidence of this is rather curious. It appears that he has recently written a letter to the Duchess of Hamilton, in which he says that he believes the Russians will not evacuate the Principalities, and that he does not care if they stay there. This letter the Duchess showed to Brunnow, and he imparted it to Aberdeen, who told Clarendon, but none of the other Ministers know anything of it. Clarendon wrote word of this to Cowley, and told him to make what use of it he thought fit. In the first instance he said something to Drouyn de Lhuys of the Emperor's entertaining views different from our's, which Drouyn repeated to the Emperor, who spoke to Cowley about it, and protested that he had no separate or different objects, when Cowley, without mentioning names, told him what he had heard of his having written. The Emperor made an evasive answer to this, but gave many assurances of his determination to act with us heartily and sincerely. This incident seems to have made a great impression both on Cowley and Clarendon, particularly as both know something more. Cowley says he knows that the Emperor has a private correspondence with Castelbajac, of which Drouyn de Lhuys is ignorant, and Seymour writes to Clarendon that he has observed for some time past a great lukewarmness on the part of the French Minister in pressing the Russian Government, and an evident leaning to them. As the Duchess of Hamilton has no intimacy with Brunnow, it appears very extraordinary that she should communicate to him a letter of the Emperor's, and such a letter, which would be a great indiscretion unless he had secretly desired her to do so; and all these circumstances taken together look very like a little intrigue between the Emperor and the Russian Court, which would also be very consistent with his secret, false, and clandestine mode of conducting his affairs. It is probable enough that he may wish to keep on good terms with Russia and at the same time maintain his intimate connexion with England. That he is bent on avoiding war there can be no doubt, and for very good reasons, for France is threatened with a scarcity, and he is above all things bent on keeping the people supplied