The Sun.
London, England, 1853-06-02 00:00:00

Tbg

LONDON, THURSDAY, JUNE 2, 1853.

The Funds have long since come to be regarded
as the political barometer. Simultaneously they
are promising both in the French and in the
Austrian capital a decided improvement —at
Paris in reference to Turkey, at Vienna in refer-
ence to Switzerland. Whether much reliance can
be placed in either augury as affording indication
of a more amicable settlement of the two principal
difficulties of the hour, remains to be discovered.
It is unquestionable, however, that at the Bourse,
yesterday evening, the Three per Cents. closed at
79.50, the Four-and-a-Half per Cents, at 102,
and the Bank Shares at 2.685, showing a mani-
fest recovery from the recent depression. It is
equally assured that credit has revived in the
Viennese money market in consequence of a
rumour to the effect that negotiations are about
to be reopened between Austria and Switzerland.
It is believed, in fact, that there is at length
_some seasonable hope of their differences being
speedily and satisfactorily arranged. Meanwhile,
though nothing decisive has yet been learnt as to
the proceedings of the CZAR on receiving intel:i•
Bence of the rejection of his ultimatum by the
Divan, it is conjectured from circumstances of
peculiar significance, that the Cabinet of St. Peters-
burg, will not resort to extremes at this mo-
ment in regard to the supreme councils at
Constantinople. From information received fror.ll
the latter metropolis, bringing correspondence to
the 19th ultimo inclusively, it appears that the
note submitted to the Sublime Porte on the pre-
vious day (the 18th) by Prince MENSCHIKOF E—
although intolerably arrogant in its tone—could
not be construed in any way as amounting to an
open declaration of hostilities. It is true that the
document asserted with the utmost insolence the
"right" of the AUTOCRAT to the Protectorate of
the Greek Christians—it is true, moreover, that
it informed the Divan, in language the most in-
sulting because the most uncalled for and autho-
ritative, that, in the event of the SULTAN not
guaranteeing the protection of these Greek Chris-
tians in the manner demanded, the EMPEROR of
Russia would know how to protect them
himself whenever his interference appeared
to be required by circumstances ! Nevertheless,
neither of these intimations would seem to indi-
cate a resolve in the mind of the CZAR to enforce
his demands by an instant rupture with the
Turkish Government. Notwithstanding that the
note is haughty to a degree, it cannot be regarded
as declaratory of war between NICHOLAS and ABD-
VL-MEDJID. Everything, indeed, indicates the
correctness of our former assertion, that the re-
cent conduct of the AUTOCRAT has been the
conduct--there is no other word for it—the
condwuct of a. bully. Now bullies, we all
kno, are
but they
sadvery noisy and very blustering—
do other that); when
matters arrive at a crisis,
iorefrain from the enforcement
of their pretenan
to the last momellt They, swagger and growl
possible, of keeping 'u
may
be, for the sake, if
invariably they yield to talt arances--but almost
firm determination of
that actually
their antagonists. It
from all the ixformation appear,
HS from 'Constantinople, that4lo'
be g, of his .z
true in all respects to the b the
true reached
CZAR is
noble prototype. He forwards to the s 1--
lime Porte, through his Ambassador, üb-a
convention couched in the form of an ultimatum.
For whatever Lord JOHN RUSSELL or the Earl
of CLARENDON may assert in the way of extenua-
tion, a demand like the one recently submitted to
the Divan by Prince IVIENscHnioFF, a demand
requiring to be answered negatively or affirma-
tively within a given time, and that time one of
unusual brevity, must be regarded as none other,
We repeat,
as nothing less, than an ultimatum.