A telegram in the Shen Pao says that the T'sung-li Yamen has circulated requests to the Foreign Legations at Peking to assist in arbitrating between Franco and China, Reports among the Chinese are to the effect that should war eventually break out, the Frouch intend to occupy Keeluny, in Formosa, as a couling station; to seize the Woosung forts, with a view to annexing, the China Merchants' steamers; to hol Chefoo, as " rendezvous for their uazal forces, and to out off as much as possible all communication between northern and southern China.
The Chinewe Correspondent of the same per at Tientsin gives the following on dits, which are amusi ig if not inatructiv A certain high American official while passing through Tientain had an int Li. He remarked that, as the Tongking for two and a.groat deal of funds had bon udod, and, as, wheft el to war got d the armies would cost aum; would it not be bet indemnity and secure on hearing this was very much and exclaimed that the French peace lad altered their mind way. they; let us have war; but not a cent should go towards paying an demnity.—Several camps have been removed to Taku to effect th Hliscellaneous.
Text read from the printed page and cleaned; old type leaves the occasional error.