The Express.
London, England, 1855-09-26 00:00:00

tog Oxvireol.

TO CORRESPONDBNTS.
• Wertbrawits brAnolod tot "The Layrops," Lowden Eyed's( mgr.
1 wet el.pa ika. .4 the OdleN IN lisaverlowzoot, by Two *Volk as tbo
boy of blisa

HIGH WATER AT LONDON BRIDGI.
Tins DAT—Morals& 28. ta. Mamma. 28. 21a.
Taroasow—Moraini. 26. 42 Aft 126 20.

LONDON, WEDNESDAY, SEPTEMBER 26.

Iv the dominions of the SULTAN ire not icons.- I
diately crowded with speculators of all kinds, it will
not be for lack of invitations. The Sublime Ports
itself advertises for tendert, by European contractors,
fee the construction of a railway from Belgrade to
Constantinople. Negotiations for the establishment
et • bank at Constantinople have been in progress for
some years. The Pacha of EGYPT leads a favourable
ear to the project of a bank at Alexandria, with a
branch at Constantinople; and encourages the pro-
posal to °goalies the Isthmus of Saes, in addition to
the railway across the desert. The comparative
merits of a canal or a railway to out off the greet
bend of the Lower Danube, gad convey the commerce
of that river in a direct line from Tchergavoda
to Rusteodje, are warmly *unused, and surveys of
the ground are said to have been actually execnted
by Getman engineers. In addition to these opera-
tions on a large scale, we hear of innumerable minor
schemes for establishing colonies of Europeans in
Palestine, working mines in various districts of Ana-
tolia, &c. Before the efforts of Franco and England
to beat back Ruses from the Turkish frontiers are
half finished the natural resources of Turkey are
being surveyed and estimated, and the means of de-
veloping them discussed, by those enterprising mem-
bers of European society who, if they do not passes
sapital themselves, have a marvellous knack of peua
leading those who do to entrust them with the appall•
elation and management of it. While listening
to the rustling sound of this awakening of Eastern
speculation, we are disposed to regard the present
state of our English money market as a positive bless-
ing. There is tightness, but no panic. Indeed,
throughout the war we have had occasion to admire
the steady good sense and self-possession displayed
en the English Exchange. Io the darkest hours
there has been no undue depression, and there has
been no precipitate elation under the influence of
gleams of hope. The present aspect of the money
market has checked investment, and set every man to
realise as much as possible, but in a calm, self-possessed
spirit. Men are waiting for better times to operate,
confident that such cannot be far distant. The pre-

sent is a time for devising and leisurely maturing
great enterprises, not for plunging headlong
into them. The Oriental proicts to which we have
alluded will therefore be deliberately canvassed, and
if found to be at all feasible, undertaken, after minute
and comprehensive inquiries, that will go fu to
ensure success.

The greatest obstacle to the effective prosecution
of industrial enterprise in the dominions of the SUL-
TAN will proceed from the Government authorities.
This must not be understood to imply that there wil
be found on their part either unwillingness to pro-
mote the development of their country's resources by
foreigners, or bad faith in the observance of compacts.
The difficulty is here. The rulers of the Ottoman
empire—metropolitan and local—are essentially
on the same level in point of civilisation
with the general community. Of the most in-
telligent and advanced among them, little more can
be said than that they recognise the superior power
with which superior civilisation has endowed Euro-
peace, and are ambitious of attaining similar results
by acquiring the same knowledge. The most ener-
getic minds among Turkish statesmen are perhaps
thou who have the least taste for European inno-
vations. The parade of liberality, and desire of
adopting European improvements, is most frequently
to be found in characters addicted to display—more
showy than strong. Their smattering of European
aseemplishments is not sufficient to enable them to
disown the most trustworthy European instructors.
They are at the mercy of bold and shallow adven-
turers. The Ministers at Constantinople, and the
Pachu and Viceroys in the provinces, who have I
attained the widest European reputation for superior
liberality and intelligence, have been too frequently
influenced by very equivocal counsellors. The Euro-
pean adventurers who seek a fortune in Turkey, are,
in too many instances, anything but favourable speci-
mens of the countries which have given them birth.
The soundest talents and the most honourablb men
find careers at home; it is (in the rule) those who
are inferior in both who seek for careers among an
inferior people. The unscrupulous manner in which
such adventurers plot and counter-plot against each
other, and the vacillation and uncertainty which
they thereby occasion in the policy of mini-
sters and provincial administrators throughout
Twin, are notorious. These persons contrive from
time to time to gain the ear of parties connected
with the European press, who, from an imperfect
knowledge of Turkish affairs, place reliance on their
half-knowledge, and views biassed by personal
tweet, and are thus often made tools of low or dan-
gerous intrigues when they imagine they are pro-
moting important industrial enterprises.
Still, if due caution is observed, there can be no
doubt that there exists in Turkey an immense and
almost untouched field for the operations of European
capital, intelligence, and enterprise. Much will
depend upon the selection of proper starting
points. The position of Alexandria on the great
line of transit trade between Europe and India
sad the far East, marks it as one, if not
ae the most important of all. The claims of
Smyrna, Constantinople, and Trebizonde are all de-
serving of attention. These appear to be the most
'wearable sites for institutions intended to develop
audit. With regard to railway undertakings, it
may perhaps be questioned whether such colossal and
magnificent projects as a railway from Belgrade to
Constantinople are the most likely, at the commence-
ment, to promote the development of the resources of
the country, and repay the undertakers. Works on
a less extended scale, intended to connect the
Athirst' in which the staple exports of Turkey are
produced with the sea-board, would appear to be both
safer and more beneficial.

MARRIAGE IN HIGH Livz.—The marriage of Miss
Peel, yossseet &nightie of the late Right Hos. Biz Ea
bort Peel, with the Has. Prase". Steam', second sot of
Lard Came" took place yesterday, is presume of a seises
family oink. The solema rim was lint eelebrated accord-
fag to the masts of the Bosse Catholic' Church, at the
shape) of the Bavarian Embassy, Is Warwick-meet. The
Be.. Edward Howard performed the simony, sad the
bride was gins away by her bestbar, Sir Hebert Peel,
Bart, M.P. Afterwards the bag petty pessesied to the
parish thank of Bt. Merwarst% Wseemberer, when the
marriage wee duly eelebestodia the Prsiesisst hes by the
Very Rev. the Dana of inissestar, sods sf the WEL
CRUM PALhollom• EMILLIEE DAT, BUT. 25.
....114.11."1111 ea wow. 11.85115150 by seams tickets,
9,128, Ommegamillft ambit year,111,893.