The Sun.
London, England, 1862-04-01 00:00:00

mission.

Meanwhile the Telegram to-day from Paris
gives us a reminder, as we have said, that
his Majesty the Emperor NAPOLEON still enter-
tains the idea of coming to us. Six vessels of the
Imperial Navy of France are to make their ren-

dezvous at Cherbourg for the purpose of escort-
ing his Majesty to the Exhibition. When he

comes we will give him a fitting welcome, of
course, as our Guest and as our Ally. And while
his coming may be a timely distraction to the
heavy grief still weighing down the hear4of our
own Sovereign, it may also act benefici.iry upon
the Exhibition itself, across the brightness of which
the royal sorrow might otherwise pass slowly like
an eclipse. For the sake of the alliance between
France and England, for the sake of the QUEEN, for
the sake of the Exhibition, it becomes a matter of
congratulation that the EMPEROR'S visit has not
been set aside, as it was at one time expected that
it might have been.

In these days of Government Education, it is a
curious variation of the subject to find one Govern-
ment instructing another. Whatever be the merits
of "the three R's," our Government has certainly
the merit of teaching, with most approved " re-
sults," two others. The Indian Government has
been, so far as its financial administration is con-
cerned, a practically separate Government from the
Home one ; to that Government we have furnished
successively two certificated teachers, and the re-
sults in fiscal arithmetic have been entirely satis-
factory. A real balance-sheet has been produced,
and a real balance on the right side secured.
Seeing such good financial arithmeticians both at
horns and in India, it seems the Turkish Govern-
ment applied to our Training School for aid, and
two competent certificated teachers were furnished as
a matter of friendship. With what success may be
seen in the simple fact, that while, previously,
Turkey had in vain sought a loan on the Exchanges
of Europe, under the new teachers, she easily
obtained in this country subscriptions to the
amount of several times more than she asked.

The question of Mr. HUBBARD, and the answer
of Lord PALMERSTON, last night were of consider-
' able interest. The important point was definitively
settled that England took upon herself no respon-
sibility for the loan. Indeed, the letter of Lord
RUSSELL, read by Mr. HUBBARD, could not bear
any such interpretation. It stated the whole
truth, and nothing more than the truth. No sub-
scriber to the loan could complain that he was led
to suppose he had English security for his dividends.
What he had was, the invited instruction and inspec-
tion of the English Government's Certificated Finan-
cial teachers in the Turkish Treasury. Lord HOBART
and Mr. FOSTER first showed the Porte how its
pecuniary affairs really stood, and Lord HOBART
undertook to return to Constantinople to see to the
employment of the loan for the purposes for which
it was raised—the principal one being to get rid of
the depreciated paper now in circulation.
The Turkish Government appears to have been
in far better financial health than it was aware of.
It had no idea that a mere audit, with an implied
resolution to conform, in its management, to the
course which the audit might require, would
give such confidence in London. It finds,
therefore, that it has not made anything
like so good a bargain as it might have
done. It might probably have easily secured
another million of the eight nAillions it has nomi-
nally borrowed. A loan to which nearly five times
as much was subscribed as was asked, might have
been negotiated, doubtless, on better terms than 11-.3-
per cent. However, it need not much regret this.
To re-establish its credit was the grand point.
" The sick man" has done this. Ha will easily
make Letter bargains in future ; and he will effec-
tually learn one all-important lesson,—that to be
really independent he must be financially indepen-
dent. We cannot but think that the English Go-
vernment has shown itself a true friend to the
Turkish Government in this business, and a wibe
friend to itself too.

PUNJAUB RAILWAY.—The sum of £16,350 was
paid yesterday to the credit of the Secretary of State for
India in Council in anticipation of the final call.