The effect of the American Despatches has been rather to depress me as Mr Seward for the first time intimates the existence of internal dangers which may change the issue of the Election. In that case peace may be obtained at the expense of all the objects of the war. I went out, crossed the river and rambled along the bank nearly all the way to Bettes y Coed. It was a lovely, genial day and the scenery of this valley served as a perpetual enchantment to beguile the way. I have seen nothing in its rural, peaceful character that has charmed me more. It is to be sure all of the sunny side of Wales, that has been turned to us during our whole trip. When I got back to the Eagle Hotel, it was time to move. I seized a leisure moment to drop into the Church, which is curious and ancient. here was the remainder of a stone recumbent warrior, and of two coffins covering Welsh chieftains of a thousand years ago; Also some brasses of the family of Nynne which98 appears to be one of the oldest in Wales. Lord Lilloughly d’Eresby, the present head lives on an Estate below this place called Gwydir. We passed it in yesterday’s drive. It was Market day, and the little narrow streets were crowded with people talking Welsh, and dickering about small wares. We took the train at Llanrwst for Conway, and thence to Rhyll, where we found comfortable accomodations at the Parade Hotel.