,t'ram th* Latiilo* Bi»cU! n g ß i n > tho imaginations of rpen haye beeu im pressed with tho reality oj’ this king—-the seeming strong foundations of his power —when all other symbols of kingship and all manifestations of kingly strength wore palpable and unspund. The Emperor of Russia stood there be lieving, in himself, and believed in by oth ers, tjo phantom-king, but a leader of men, with resolulo will and profound sagacity. was potent to all that he reaiiy held in his hand peace and war; it was believed thatthc policy of all Europe, except France and England, was dictated from St. Pe tersburg, and it was not without belief that the present Ambassador of England in Turkey, wus prevented last year from serving his Queen as Foreign Minister by the declared opposition of Russia to tire choice, A man whose power wu3 so real, so various, 60 extensive, could not but impress the imagination ; nnd \ye soon admire and do tjomageto whmpyer strikes the imagination. And it cannot be denied, that with all this power in his hands, the £mppror of Russia hus abstained from using it openly to the aggrandisement of himself, or to any material alteration of the existing arrangements of Europe.— Crncow and Hungary are exceptional eases; and criminal as is the dismember jmentof a guaranteed republic and the for cible repression of a virtuous people.othcr motives than splfiah ambition might bo found for the conduct of Russia in both cases. ' But the tpask of mpderntion, worn so long and so successfully, has been sud- thrown aside, and all Europe is out raged by the insulting and menacing tone pdopled towards n state whose independ,, ence was under the guarantee of the Great ’Powers. A Russian army is concentra ted near Constantinople, to give signifi cance to the bullying attitude of the Am bassador. jf war be mude, it will have been with less justification, and on a more puerjle pretext, than, we are bold to say, modern European history can furnish any parallel to. But whether the Emperor draws back or not is little to the purpose.- He has shown his animus, and a retrac tion, will sinpply nmount to an avowal that he over-calculated the effect of the causes or disunion existing umong the great Eu ropean powers, and probably long foment ed, by bis agents. Doubtless he did not imagine, that, oven in presence of a com mon peril t° the dignity und interest of all three, England, Austria and Franco, could overcome recent motives of suspicion, and cordially unite in policy and action. He is mistaken ; and he is between the diffi culties of proceeding against up ted Eu rope, or pf offending by disavowal of his Ambassador’s proceedings one of hi? most powerful subjects, or of backing out of his demands to the loss of personal dignity*. But, end a? it may, the ambition and reck lessness of Russia are ugain manifest to the world : nnd the lesson to bo impressed is the renewal of the old distrust, and a re-awakening of vigilance in all transac tion? in which we may be concerned with Rusaiaj or in which our interests and the interests &fthe European community, may v, cbmo in collision with Russian project^.- ' No man who thinks at nil can hesitate as to the peril to which a Russian possession of Constantinople would expose English interest?, apd the general balance of Eu ropean power; and we nrq certainly as deeply interested as any European state in endeavoring to prevent, even by the last resort, suph a contingency. But England is much tpofe interested in the power.that is to held ‘he keys of the Raltic, the mobth of the Elbe, and the harbor pf Kiel; and in the light of present events on the Dar danelles, we cannot but regard future con tingencies in the Sound as deserving of (more attention thap they hnve recently met With from the English public, and as by no means' satisfactorily disposed of by the answers Lord Beaumont obtained last Friday, or bd tho treaty of the Bth of May, |B5B. American Colonization SocibT:V,— The receipts of this society during the month ending the 20th ultimo were 80,- 548, including n donation of®s,ooQ from' David Hunt, «sq., of Rodney, Mississippi; another of ©2OO from Dr.' Stephen Dun-! pan, ofNatoheit, Mississippi,’and 83Q from! Beverly C. ?°hders, esq, of Sap Francis-! po, and formerly of Baltimore, tu' co'nsti tute himselfn life metpbnr of t|i .