The Sun.
London, England, 1861-07-15 00:00:00

AFFAIRS OF TURKEY.

The effect on the money market of the resolute
measures deterniined on by the Sultan is thus
given in a letter from Constantinople :

" The effect on the money market of the new
Sovereign's reforming energy has been immense.
The fall of Riza Pasha coufirmed, beyond chance of
peesent relapse, the tendency towards a fall in the
price of specie, and every subsequent step of his
Majesty has operated with similar effect. The Im-
perial hati of Monday, pledging as it directly does
the Sovereign and Government to a policy of vigor-
ous, prompt, and permanent financial reform, has
completed the., effect of the previous five days'
events, and restored to all minds such a degree of
confidence in the money future of the Government as
has not been felt for years. The fall in the price of
coins has consequently been steady, and prices closed
yesterday evening at 1481 p. for liras, and at 140.
for sovereigns. Tavilis at the same time improved
to 61, and consotides to 58k. If, as there is now
good reason to believe will be the case, the overdue
interest on these securities were paid, there cannot
be a shadow of doubt that the improvement in both
will be progressive till they regain a figure in some
way proportioned to improved confidence in the
solvency and good faith in the Government. No
further issue of caiines has taken place during the
week, owing to the necessary destruction of those
which were in hand with the cypher of the late
Sovereign. As soon, however, as others with the
cypher of the new Sultan can be struck off, another
instalment of these notes will be put into circula-
tion, but not, it is believed to any considerable
amount at present."
On the Ist their Excellencies the French, Aus-
trian, Prussian, and Russian Ambassadors had an
audience of the Sultan at the Palace of Dohnabak-
tche. The Marquis de Lavalette, as the doyen—in
the absence, through continued indisposition of Sir
Henry Bulwer— of the party, delivered a short ad-
dress to his Majesty on the personal character and
policy of the late Sovereign. The Sultan replied
from manuscript notes, and subsequently inter-
changed a few sentences with each of the Ministers
present. The day after his Majesty received the
whole body of pashas en disponsibilite, and in the
afternoon the heads of the different native religious
communities of the capital. His Highness the
Capitan Pasha has been named Marshal of the
Palace, the establishment of which has been
divided into civil and military departments—the
former under the direction of Ghalin Bey, the new
First Chamberlain, and the latter under that of
Ferik Said Pasha. The chief eunuch has also been
removed and replaced by another neutral function-
ary, who has for many years been attached to
the private household of his Majesty. The Civil
List is also to be immensely modified, the nominal
15,000.000 piastres a month, drawn by the late
Sultan being at once reduced to 7,ooo,ooo—the
amount of the list during the reign of Mahmoud I.
The saving thus effected will, however, greatly ex-
ceed the difference between these sums, the extra-
ordinary expenditure of the palace during the late
reign being immensely in excess of the nominal
amount drawn from the Treasury. His Majesty
has also cleared off the whole of the juvenile part
of the late imperial establishment, and has recalled
to the palace all the surviving servants of his
father. Exclusive of the immense harem of the late
Sovereign—the whole of which has been removed
to the Old Seraglio and an unused palace on the
Asiatic coast—the reductions in the personnel of "
the imperial establishment already amount to many
hundreds. An imperial mabeinji will proeeed dur-
ing the present week to Egypt and Tunis to deliver
to the Pashas of those dependencies the customary
sabre and mantle confirming them in their posses-
sions under the new Sultan. Their Excellencies
Namak Pasha, Kiani Pasha, and Achmet Vefik
Effendi are to be named commissioners to examine
into the accounts of the imperial household, dating
from the building of the new Palace of Dolma-
baktche. Ziver Effendi, member of the Council of
State, has been promoted to the rank of muchir,
and appointed guardian of the Prophet's Tomb, in
succession to Scodrali Mustapha Pasha, lately de-
ceased. Franco Effendi has been named Director-
general of Telegraphs, in succession to Daoud
Pasha, appointed governor of the Lebanon. His
Excellency Mirza Djaffer Khan, late-Persian Am-
bassador to England, left on Saturday last with his
suite for Trebizond en route for Teheran. Ismail
Pasha, heir-presumptive to the Pasha of Egypt,
arrived in town on board the Egyptian steam cor-
vette Zaferie, on Friday last. His highness is
staying at the country house of his relative, Mus-
tapha Pasha. The Pas-ha of Tunis has just remitted
his annual tribute to the Treasury-3,500 purses, in
a sum of 90,000 five-franc pieces. Letters from
Trebizond report the occurrence of a great fire at
Orlon, near the former port, on the 11th ult. One
hundred and four houses and shops, seven bakeries,
one school, one khan, the governor's house, and the
custom-house, were destroyed by the flames. Later
news reports the occurrence of a sharp shock of
earthquake at Kerassunda, in the same neighbour-
hood, a few days afterwards."