The Press.
London, England, 1853-10-15 00:00:00

THE PRESS.

for the purpose of giving such satisfaction as Austria might
be entitled to receive in case he should find that these °di-
cers had nut duly respected her rights.
" Though differing very much fi-om the I it'l%,• preheated
by Mr. llulsemann ou helutlf of his t ioyeruutrut, the Presi-
dent still indulges the hope that the t xposition of the pslur
cipal reasons on which his own conclusions are founded will
induce his Majesty's tiovernment to look at the transaction
in a different light from 11110 iu %Well it is pri seated by-
that liovenment.
" It is the duty of the undersigned to present these rea-
sons to Mr. Hulseinatin. and he will fiul in his intention
if in perfortuing this duty he does not evince a friendly
spith, and avoid, so far as it can be done without
itnlutit-
jug the full strength of the case, the introduction of topies
to which either /dr. linlsetutuut or his tioterionctit con
take excepthat."
The Secretary then enters into a full statement of
the facts attending Kossta's original escape and sub-
sequent return to Europe. defining very minutely the
status in which, according to the President's inter
pretation of international codes, the political relations
of that refugee, both tow anis Austria and the State's,
existed at the moment of his seizure at Smyrna. lie

proceeds :
" These consideration,. have led the unelemigneel, as he
believes they will 11,1551 all otitis Who duly reflect on them, tee
the confident eollelloli iiii that there t\ll4 uu trittit•S between
A neenia and Turkey w hieh could justify or in any way count..•
nanecthe seizute or imprisonment of hoseataby the Austrian
functionaries. lint. it' Ansuia wally lease such tintlessrity
by treaties Is alle mew 01111111,, It 4•41144.4414.411 y c xt4.144144 only to
I Anal' hilt slibieeta: It 001111 nest, therefore, be amelosl to
Ks sesta, unless hew as such a seileje et at the tree he was seized.
If the, uestioned' his nationality is to lie settled by into-
national law, the only code Nll,ll 61111611 c% the Mies b)
which this lineation la to be determined, there is good
reason for adjudging him to have lawn, when liliZed at
Smyrna. an :Austrian subject. Ittit settle this lineation as
Austria would have it settled, ley all appeal to lirr own civil
code, the result will be the Nellie."
Mr. Marcy then maintains that Kossta lead e, to
be an Austrian subject, and therefore Ilk captor,.
and imprisonment at Smyrna were unwarrantable.
At the same time he had become a 511161.0 the
United States, whose officer.; and repre,cietative,, were
consequently perfectly justified in interfering on liis
behalf. Remarking upon the appeal made by Austria
to the general opinion of civilised nations, Islore
which tribunal it had impeached the conduct of the
States, the Secretary declares his cony ietion
" that, after elne consideration of the intuit at Smyrna.
those. lumen" which have teen see prompt tee eemseires will
esinedly prompt to comet any precipitate jessloneent they
nun have flamed In regard to it. Ito Moltke+. the belief
(lest, after a full and fair examination—not merely of a ale
nutted fact, lent a the whole genets of facts—they will lee
alemeelantly satistled that the agents of this thevennnent in
that transaction have respected intentationell law, and in
110 partielllar transgressed the restrictions it imposes
" Before closing this cuunnunuieniism, the Septet ary
briefly notices the complaint of Austria against Captain
Ingraham for violist ii the negatel soil of the Intonate
empire. The right of tee call the rititeel States
to an account for the acts of their *gents, affecting the so•
vereign territorial rights. of Turley, is nest perceived. mill
he does not acknowledge her tight to require any emelt'.
nation.
" If anything was thole at Smyrna in derogation of the
sovereignty of Turkey, the ranted States will give antis-
factAwy explanation to the Milan when he shall demand it,
and it has instructed its minister reaident tee make this
known'to hint. lie is the judge, and the only rightftil
'mtge., in this affair, and the injured party toes. lie has
investigated its merits, pronoun...el judgmemt. against
Ainstrin, and acquitted the hutted Slates; yet. stealete
as
it is, Anstria leas called the United States to aesseeent for
violating the sovereign teratorial rights of the, Emperor of
Turkey.
" The esenelnaions at which the President has an teed,
after a full examination of the tranaaction at Smyrna, and a
respeet fill consideration el' the viewse' the Austrian' I lovely•
ment thereon, ate presented in year. Ilulteemanine note, are,
that lienesta. when 'seized 111141 imprisoned,was invested with
the nationality of the. felted States, and they lead there-
fore the right, if they chose to exercise it. to 'Anted their
protevtion to him : that frotu intonational law—the only
law which can be rightfully appealed tee for rules of action
in this ease—Auatris could derive no a i u.ty to olestimet
or interfere with the United States in the exercise of this
right in effecting the liberation of Kussts : steel that 'apt.
Ingraham'a interposition fur his release was, lee' the
peculiar and extraordinary cirentustances of the vise, right
and proper."
The Austrian Cabinet has published in an oAlcial
paper the understanding with the United States'
minister at Vienna under which it has consented to
release the refngee. The ship in which Kossta em-
barks is bound to take hint direct to the United
States, touching at no intermediate port. Kossta's
American passport forbids hint to leave the ship be-
fore it reaches America. With the knowledge and
consent of the United States' minister, it has been
notified to the refugee that the Austrian Govern-
ment will proceed against him should he again show
himself in the Ottoman territories. Having thus
disposed of the personal question, the imperial Go-
vernment looks with confidence to that of the United
States for an acknowledgment of those principles of
international law which leave been raised in conse-
quence of his imprisonment. In pnisnance eel' this
understanding, Kossta was delivered over to. the
United States' Consul at Smyrna on the Nth ult,

573

Blom 'Markt and (big ))nttlligtnce.

FIGV 1V EVENING
WI: last week expressed g devilled eotitiet. that, i
tho 60‘..vottietit were to raise thii interost on FA-
eliequer Nils to 'ld. 'ter atom, Ow). eaull float a
premium, and that the tiovennitent and mono
terest would he relieved from a position übi..ll, alitle
it wag disgrareful to the former, stilijeete.l tho latter
tit Kerious loss.

We are able to state that the day lifter this obser-
vation *4.4 matte an intitnatieen Came from the Tres.
sory that tine interest on Exchequer Wits was tee lee
raised to ..!11. per diem, and ever since they have been
all el O'OllllllM of 1 to N shithowt.
WO observe that the quarter's weirphis, amounting
to upwards of itittoittf., is to he Applied he the ex,
tinetion of the national dole!, insvg prolialay 1,, the
reilitetion of the deficiency bills, but the, *„. isre wise
sill depend on eireettnstawiees.
We consider that the tiovernment are' now in a
good position to deal with the South Solt diNicutiosit
for, neesereling to our calcolation, by the month r
January next the tioverteseeent still lime sue asl4ol
balance of about 51 million., arising from sitrplll4
revenue., meet the sale of •!,;(41,000/. Exclwsittet Stills
0%41 rim on. in .limn' last ; and we have no Ihittbi that
when the nixes Arising fl Sleet the. eletlieSA On helve kse.
SISSIVS. suit hit'll'li`se that may he expected hoist
the isn't dele 111‘, 14,111e' into operittion, the sairpluai re.
M 1111•11 114141 11111 N. %%11114'1011 to pay o 8 'thee
remaining South Sea aliSsi'lllie.lll% 1% illasoit resorting
GA a creation of stock.
A meri• its eanitinctetal war, in which England took
part, mottle', however, alter this ielenset st prospect ;
her let thee tiovernment lit' assurcsl that we could 111,1
ratrQ oil ii war with the present Bands Charter %el ; for
eattli4)l ISIS 11 Will'llll4lllllVo.l4, lllllleis sel lEllll'4oe
lllllly ith a VIS 1111.11111•11 elltlVlst•i. Prop's. must haw
representatiie fist. !loser preipesty, either hit gold or
bank notes; noel if, im the ra4s. of weer, gold leaves
SIC the hull, or trestle ally other mile', tbs.
(tank—Sts the pre...ent law shields— must vont' net her
i 451504 1111'"raitrA ; Rod the VlSiess tillPltee %salad las.
that the rote elf liseeney wallet rise higher noel Light 5.,
anti INnesiily the Batik Might Ist' rethtvill to that I),
tine theist she runlet nest Illeeke 114411111.iiti he the' Mei.
caned.. world at late.. Wu might pessithely In'
reduced tee it state. of beireeromeler the ()Elsie g sat'
the present nose eilisorel Musk Charter Art.
'I lee \I in'le't during the week lots been
eittieseent. !tills leaving a noodle to run 1111te been
discounted at 41 tie v per old., but billy of it Stager
date leave commanded t 5 per ea'lll. 1111.'11'41; Reid
money i.e 11110011lateilly in active demand tier cormot i-
eial piirposes at 5 per cent. This Will exist until tl e
vague apprehensions relative to a crisis in the Au. -
tralian trade are set at rest.
'flee settlement of the Coasts! *coined has talon
place this week, noel there has not been such a set-
tlelnent Ice yours, nor such a sent city est' stock. As
murk per e,•111. has 10'411 paid for the Islean of
t'onsols for a itwittli, awl the entreat rote Ilan been
1 per cent.
NIIW, tilliiiething very disastrous MUst arise tottus-
tify suede emermielis sts.citlations for the fall as is.
Let 1114 t4Pr hod it wurks. A bustler having Consols
lends tlient at, sny I Isseekaarelation—Which is eq al
to 111 per cent. for a month ; the Consols pay 3.
Is enabled to lend his 111,,iwy at r,-40, while is
operation lasts, lee is sic locally wade, lt4 per cent.
for his stoney.
This very day sin s miliegit broker lent 50,000/.
Consols at 1 per cent. backwitrelletion, fixing thee. price
at lls, lest a sudden settlement of the Eastern guys.
lion should cause them to rise tea that Ilsice ; and a
very wise pre caution too. etaiseslm have this wee k
finetnieted be twine it'll and 1111, and close toelay
'flee exalting's% nighty um hem r, allliesteldrli slot
sntliciently 10 the exporteitisai of go at 4
pn
'I lie Corn Market is heavy.
The banks are full of tetuuey, belt great catetioli
esertisad in lending it, save for short
EttltEleiN
The transaetions in the leseei..gi fields lse.. Is,
rm
limited in extent, nod will continue so wail ilo.
question of pence or *sr is decided.
it.III.WAYS.
The niatket for rAilway shares has, generally
speaking, been firm, and the scarcity of stock i 4 ‘4.11
at. I per rent. less been paid for the loan set
London and North-Western Stock, 1 per cent. on
Great Western. 1 per cent. on Lancashire and York-
shire, i on Midland. Most of the shores iu the other
firs., or e . scarce, and it is evident the public have
bsslight noel the speculators oversold theneselve•
The Bear account in French shares bus diniiiii.l.

5i4