The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-17

mode Of 7rooesng tas East It's effects would not be at
once apparent Turkey called upon prOise that
and immunities Of the Greek Church in her domtn
assurance to the Whole world and the policy which
cxa alone proopg her existence ss gsvernuent,
ia extend those rights and TO raise her Christian
population TO the and supporters Of the E
pire But when that promise Is demanded BY Russia
alone when il Is accompanied by threats and convsrtst
from fee gilt Of federation into diplomatic contea,t
the Turkish miniters recon froa the snare doSever
mild in form Russia knows that this article corcsdsa
would suffice her purpose and the arsunent derived
from II seeming oshe proposal IL lost IN the
vehem. and the threats by which 1t was supported
II IL were true that concss sen were too slight
matter for Turkey resclatey refuse it would aiso be
true that such demand is an absurd aod uatenaote
ground Of a diplomatic ruptu,e, which hs. brought
two empi res 10 the brink OF hoshtes We differ
fore from the inference which the Journal des Deots
draws from these pagers when it argues that the der
eDca is slight lead to serious conseq ueocss.
But the French Journal makes further allegation,
which materially affects the case aud would even throw
attempt is made to show that this proposal orig na
put the 2d Of March, including the drsugh "f
treaty that its existence must therefore, have baen
known to Lord Clarendon he stated In tue House OF
LORDS the 25h Of April that the British government
still disposed rely the that had boon
given all LuroIe, and especially TO Minister'S upon
the of honor Of the Emperor Nicholas THIS pato
requires further explanation and IL will be
found not to support the nuendo which tue journal ds
Dsats rests upon 1t is that at earlier period
| OF bis mission Prince Menschkof did put forward
scheme If convention. snd that ore OF his first
Was TO epoeayor TO prevent the Porte BY intimidation,
from communicating the pending neg citations the M
ssd and on the Arrival Of Lord stratiord aud
| De Ia Cour they found that something had been
said Of such convention, which extended even FUR.
| ther than that subsequently proposed on the 5th
| OF Nav and included we believe the nominst on
or investiture Of the Patriarch of Constantnops Bat
no sooner Was this fac. kno TO the British
than he demonstrated against such project incon
sisteDt With the promises given ut 81 Petersburg Aud
with the Independence Turkey. The consequence
that Prince Mepschiko withdrew his first demand, and
led his diplomatic colleagues that he had aban
never been seriousy and was at once abau
donsd ON their r.noustrarces that the British gov.
errme.t repeated its of confidence the
suran:e OF Russia Taking into account Time which
between the w1thda val Of the hrst convention
proposed the 22d of March, and the arrival OF the
courier who reached stannopls the 4th of Nav
there is strong ground conjecture ensch
ko wrote tc St. Petersburg Interior instr actions
after his rst check and received them at the Later
date in the form Of the last convention. The note
which ACCOMPANIED II expressly declared that lit
| had undergone alterations in compliance with
| the objections urged bv Rifaat Pacha,n aud add
| cd that the new draupht was annexed ia the hone
that the expectatons Of the Emperor would not this
time be deceivsdo II these alterations those
Of Menschikof himself he would no. have required
nearly six weeks To revise his but the
copsidera by aupments the presumption tka reference
was made to St Petersburg. Wns therefore, tue 70
yain Ar were In ed by the belief that the de-
| mand which had oeen made and withdraw was deani
lively abandoned the Russian envoy was only preparing
IN pfurp IN ia ra1y
ser or insin thai the scheme If known TO the Br
tsh government or ambassador excited ANYTHING but
10 smo Sas aUJ hardanad ao Ma .r nso Sd
an nroof Al that time Of the ancerisv of the
! Russian government
We conHne ourselyes On the present occa sion to
staement Of these as We believe them to
have been made aud we shall ony remxrk that the de-
Law which took pace the frat and second Rus.
alan propositions seems to exclude the 90 stability Of
Prince Msnschikofrs having acted vhout full instruct
ions and authority on the bh of Nav aud Il ALSO renders
from which he thouxht fit to advance in such
form and after full deliberation
The Advance In the Rate or Discount In LON
dOn-AJrhIy ImpOrtant to Merchants.
TFrom the london rmcs June 81
advance in the bank rate Of discount il at all times
porten. In the mercantile world but coming now in
the bright month ofune a. time OF general prosperity
with balsnce % trade in an unusually safe state aud
tent comes like the aash Of lightning in coudles sky
or the thunder and rain in the wheat harvest IL
Syria During the last ave years such ood of pre-
cous metals Gas poured into this country as was before
and during the last week alone gold
been arriving at he average rate Of DO, less III ton
DAY. Consos are IL per cen higher than they were
November ls4S and have remained 20 long above par az
to fa,ter s With the hope Of being able TO the
nere Of the debt to az Der cent Yer tae bank fuds
il can sfs demand as much a. Az per ceot from H.
best customers. great che tx spits favorable
and Afier al .hcov no Other rs th,n
| little natural 1emonstrnnce against auch sudisn
strokes Of mercantile policy. does really sucget
reflection than sinailar occurrence the of
pected disaster We should be slarists If said that
there vas az this moment any or general IN
ticpa ion Of difficulty and collapse No manufacture
has been rdone trade pushed far no under.
tsk g pledged beyond the limits Of easy performance,
and millions the waters in s sh .pe CT loans
to insolvent revou onary States. john Ball. usually
creduous, easy tapguiBe and ncoa.inent OF his
cash has not yet ceased Illuminate the iecenn
catasuophes that have afflicted ais purse. He rich
man. ard one that hath had losses and his losses fresh
| enough TO make him almost too cautious What then,
here that should lead great apists to tighten
the rtins Of confidence Just at this moment? Tner IN
stLct is not 70 be mpugned for habit gives them a spe
cia sense Of mercantile credit. They may lot look very
faf-nor need they look very far-since credit Is only
question of the day and requires but narrow though
q nice and exact observation.
Perhaps the chief cause OF this comparative gh ness
which has gradually come with little to account for
II, IL the usual speculation but in the ordi
nary and uniform shape Of what Is called general prosper
bv III rad reti of and NJ