NEWS OF THE WEEK
THE scene has greatly changed since last week. To the surprise of Europe, the Russian Government has accepted the British offer of arbitration as to the Pal-i-IChisti incident, and the frontier is to be marked out in London. The news, first reported in the Daily News of Saturday, was confirmed in substance by Lord Granville on Saturday evening at the Academy dinner, the Foreign Secretary, in a sentence of marvellous cumbrousness for him, expressing his belief that everybody would be able to continue works of peace. As this was said in presence of the Russian Ambassador, it was considered proof positive, and all stocks rose ; and on Monday night the intelligence was communicated officially to both Houses. As yet nothing has occurred to disturb the prospect of peace ; and although there is a lingering uneasiness, it appears to be believed in all capitals.