25 JULY 1863, Page 2

The Russian reply to Earl Russell was published on Tues-

day, and is, except in manner and welding, very unsatisfac- tory. The more important portion is analyzed in another- column. No one affects to deny that it amounts in practice. to a refusal of all demands. The only difference refers to the- degree to which formal deference is conceded to the Treaty of Vienna, many writers, like the Scotsman for example, affirming that it repudiates that engagement. That is rather a violent view. It repudiates it in spirit certainly, Prince. Gortschakoff declining all argument as to the Czar Alexander's- intentions, which were the very bases of Lord Castlereagh's consent, and proposing to consider the Six Points, "details," and submit them first to the three partitioning Powers. But it is not quite certain that he refuses to subject their arrange-- ments to a final revision by conference, and it is affirmed that in another despatch he makes that precise admission. The- proposal has already been rejected by Austria, and was- absurdly inadmissible ; but it kept Russia technically, perhaps, within the four corners of her engagement.