Up to Friday evening the terms of peace were still
officially unknown. According to report, the Russians demand the inde- pendence of Roumania; reforms for Bosnia and Herzegovina ; the liberty of exchanging the Dobrudscha for Roumanian Bessarabia, -ceded under the Treaty of Paris ; extensions for Servia and Monte- negro; the creation of a Principality of Bulgaria, stretching from the -Danube to Salonica, to be under Russian occupation for two years ; and an indemnity of £200,000,000, of which all but $40,000,000 will be paid by the cession of a large part of Armenia, while the remainder is to be secured on the tributes of Bulgaria and Egypt. They demand also, according to this story, the cession of six ironclads, a defensive and offensive alliance with Turkey, and an increase of Servian territory in Bosnia. It is now declared that these terms are not the true terms, and three of them are specifically denied. The Russians, who have millions of Mahommedan subjects, have not asked the expulsion of the Mahommedans from Bulgaria, but only the withdrawal of Turkish garrisons ; have ceded no part of Bosnia to Servia, and lave given up the question of the Fleet. It is best to wait for the official statement—though the long Russian occupation may be at once pronounced dangerous, and the reference to Egypt finally inadmissible—but we suspect the truth to be that a de- termined diplomatic fight is raging between St. Petersburg and St. James's upon some point not yet mentioned, upon which the Czar is not quite free. His Army is pulling fiercely one way and Great Britain the other, and he is undecided.
