The particulars of this negotiation have never been made public; from what has transpired, it appears that the Admiral began by exacting conditions much less favorable to Algiers, than those which he finally subscribed. Whatever may have been those terms, the Dey refused to admit them, and demonstrations were made on both sides, of an appeal to arms; the negotiations were however renewed, and on the 4th, engagements were concluded, to which upon the whole the Dey could have made no objections. The Ionian Islands which had been placed under the protection of Great Britain, were to be respected as part of the British dominions; and thirty-three slaves, natives of Malta and Gibraltar (British possessions) were liberated without ransom. A treaty of peace was made with Sardinia, by which that country was placed on the same footing with Great Britain, except that a present not exceeding in value five thousand pounds sterling, was to be paid on the arrival of each of its Consuls at Algiers; the Sardinian captives were to be restored, on payment by that Government of five hundred dollars per man. These terms may be considered as fair, and the King of Sardinia who had just received Genoa from the hands of the British, acknowledged his obligations for this additional favor. But the treaty by which the Government of the Two Sicilies was bound to ransom its subjects at the price of one thousand dollars each, and to pay an annual tribute of twenty-four thousand dollars, besides Consular presents, could scarcely have been considered as a boon in Naples, and it must have consoled Omar for the concessions made to other two powers.[1] [Footnote 1: The King of Sardinia, besides the Island from which his title is derived, possesses Savoy, Piedmont and Genoa on the continent of Europe; he likewise styles himself sovereign of Corsica, Sicily, Rhodes, Cyprus and Jerusalem. The King of Naples is styled the King of the Two Sicilies.] Before the departure of Lord Exmouth, an American squadron of two frigates and two sloops of war, under Commodore Shaw, came to Algiers with the ostensible purpose of presenting to the Dey a copy of the treaty, signed in the preceding year, with the ratifications by the President of the United States. Other circumstances however had rendered its appearance necessary.