The Russian Proclamation, which declares the necessity of Wallachia and Moldavia being occupied by their troops,[248] has excited alarm and distrust in the Austrian Cabinet. Those Courts are wrangling about punctilios, just as if Bonaparte were not alive. The Austrians want to coalesce with Russia, but they are afraid and undecided; however, Pozzo di Borgo, who is in the Russian Military Service, is despatched to Vienna to see whether he can bring about any co-operation. Little can be expected even if he does, Bonaparte has so completely secured his rear and kept a communication with France by means of menacing and cajoling, that all attempts against him are idle. [Sidenote: KING OF SWEDEN] The King of Sweden, tho’ very wrong-headed, and ill-gifted with that rare commodity common sense, has some notion of honour and high sense of it. Bernadotte, either at Altona or Hamburg, made some overtures to the Swedish Minister, saying that Bonaparte had always considered the King of Sweden as the only high-spirited Monarch; talked of the old alliance between France and Sweden, and threw out hints of Bonaparte’s willingness to give him Norway. The only notice the K. of Sweden bestowed upon this was a severe reproof and recall of his Minister for listening to any proposals from the French, and giving instructions to have the whole proceeding laid before the Danish Government, in order to show them the perfidy of the French, who were soliciting their friendship.[249] Our Government intend to augment his subsidy, and hold out a prospect hereafter of giving him ships to assist in the conquest of an island, Martinique or Guadalupe. The Danes are terrified, and will yield Holstein if the French should be peremptory; not, it is to be hoped, with impunity on our part. The Opposition are full of jokes against Tierney; they say the dissolution was entirely his scheme, that by its suddenness they might be taken by surprise and unprepared, but that it appeared that he himself was the least prepared, and the most surprised. He lost the Borough.[250] An abundance of speculators have gone with English goods to Buenos Ayres, enough to make a glut in the market, and merchants have sent over, it is said, to buy English goods, as they will be quite a drug there. Auchmuty[251] is gone with considerable reinforcements thither. General Craufurd’s[252] expedition is to land at Val Paraiso in the South Sea; it was delayed so long that the passage by Cape Horn would be impracticable, therefore they must go round the Cape, a voyage of eight months. This expedition was delayed on account of the negotiation. Peace was once expected, but even then it was a mistaken policy, in my humble opinion, as Bonaparte is an enemy who will respect you more, if you will not only show your teeth but bite with them too.