The Russian Emperor and the King of Saxony attended Ascot Races on the 4th of June, and witnessed a review in Windsor Park on the 5th. Every evening, a great dinner was served in the Waterloo Room at Windsor Castle. [Illustration: THE EMPEROR NICHOLAS.] Visits were likewise paid to the seat of the Duke of Devonshire, at Chiswick, and to the Opera; and the Emperor seems to have been really much pleased by his reception. There can be no doubt that he had a political object in coming to England. Turkey was engaging much of his attention, as it had done in earlier years, and he was deeply desirous of carrying out the traditional policy of Russia, as it had been formulated from the days of Peter the Great. He saw that Turkey was in an impoverished and weakened state, partly in consequence of his own acts, and those of his predecessors; and he thought the time had come when some approach should be made towards an understanding with England as to what should be done with the Sultan’s inheritance when he could no longer hold it for himself. With this view, he talked a good deal with Prince Albert, Sir Robert Peel, and Lord Aberdeen. His desire to propitiate the good opinion of the English Government and people was most evident; but the events of later years showed but too plainly with what objects he pursued these conciliatory efforts. The cordial relations which had long existed between England and France were viewed by Nicholas with great distrust and jealousy; for he feared--what, in fact, afterwards occurred--that the two Powers might combine to restrain his ambition in the East. He wished to break up the good feeling between England and France, but met with no encouragement in this respect from Sir Robert Peel. He said that he did not covet an inch of Turkish soil for himself, but that he would not allow anybody else to have one. This, of course, was spoken with reference to France, who had undoubtedly, a few years before, shown a disposition to establish herself in Syria and Egypt. Sir Robert Peel replied by answering that no Government should be created in Egypt too powerful to close the passage across that country to the commerce or the mails of England.