Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1855-05-18
The Eastern War.

can fire for about ten days without much damage to
our guns. If the place does fall them 1t is not In
the power of artillery to take it, and must either
get ready 20 invest the north and south, or try the
dreadful alternative of general storm, unaded by
the ships, which seem at present all but useless
RUSSIANS
According to some papers found on supposed de-
serte, there two divisions of Russian infantry at
Perekop Except these and four battalions chiefly
invalids villages four leagues from Eupatoria
on the road to Simpheropol, there is no infantry on
this side, the greatest part OF the cavalry seems
concentrated about Eupator.a. Seven regiments OF
cavalry are the two roads to Simpheropol and
Perekop Odessa is strongly fortified. Nine new
batteries had been thrown up.
THE PROBABLE DEPARTURE OF LOUIS NAPOLEON FOR THE
The London News of A oril 28th says There ap
pears to be no longer any reason to doubt that the
Emperor Of the French will proceed forthwith TO the
Crimea. In the Constitutional of Monday it is
stated that his camp equpage has already been sent
off /; and the 10th of May is confidently named in
aris the day on which he will take his departure.
The abilities of Napoleon III are about to be tried
in field. His victories have hith rto been gain
ed IN civil contests; it remains TO be whether he
has inherited the military talents of his house. Va
rous considerations concur to recommend the step he
is about to take. His presence in the Crimea seems
desirable as means of giving unity 10 the operations
OF campaign carried on by the armies of at least
| four independent nations AS victory will tend to
consolidate his throne, he has every nducement to
from all that we learn, the Emperor is too pro-
toundly impressed with the necessity of not over
stainng the of France to be led asray by
success.
OPERATIONS
We copy the following from the London Chroni-
| Gle:
The appearance of the magnifcent British feet in
the Baltic sea has paralysed tho commerce
of Russia and imposed upon the naval forces of that
empire the humiiating alternative OF remaining un
der the convenient shelter Of the granite walls of
Cronsadt and Sweaborg, or of courting certain de-
structlon by venturlng into the open sea. COM
mendable activity has been displayed by Commo-
dore Watson and the flying squadron under his
mand, in pushing forward in despite of the difficult
ties of the navi igation, and of the impedmens
ted by the floating ice. That squadron will antici
pate the departure of of Russian vessels that
were only awaiting the breaking up of the ice to es-
cape the vigilance of our cruisers Few of these
sells will reach their destination, and whilst
peeled number of valuable prizes will reward the
promptitude and activity of our ships. the CONNER
cal navy of Russia will he crippled beyond recov-
cry.
Admiral Dunlas has signalized his arrival in the
port OF Kiel by procaiming the strict blockade of
oan and of all the ports along the ttoral as far
Riga. Without doubt vigorous blockade along
the whole will be enforced and there, fear,
terminate the services that be reasonably expec
ted from the Baltic fleet not that these trfng,
for they result in completely neutraIizng the exis-
! tence of the enemy's fleets and in destroying the
mercantile navy of Russia. To anticipate any other
success would be foolish and it would be alike un-
patriotic and inconsistent 10 encourage the public to
believe that attack either upon Cunstadt Swea
borg is practicable or to be desired.
ATTITUDE OF AUSTRIA.
The Paris correspondent of the London News points
TO the method which Austria will most probably
adopt n order to creep out from the engagements Of
the treaty of December I'd. Thus she will continue
to say that she is ready to declare war upon Russia
when the conferences broken up; but this is not
the case; they are only suspended. The semi-otf-
cal Austrian Correspondent has already broken this
ground
The London Times Paris correspondent states
that on Tuesday night courier left Paris for Wen
ma with dispatches from the Emperor for M. Drouyn
de lHuys. These dispatches are described as de-
cided in their tone and the French plenipotenary is
instructed to call upon the Austrian cabinet to de-
clare categoricay whether it means 10 fulfil its
pledges, and to take the part that becomes it a
! great power against the common enemy now that
Russia has rejected the propositions of the powers
The demand is said to be made ia terms which admit
neither of evasion nor delay.
! The Patrie publishes despatch from Vienna da-
ted the 10th, which states that the Austrian govern
ment Is about to decree a new levy of 10000 men,
and that the propositions relative to the mobilization
OF the federal cOntingents about to be renewed.
THE New BRITISH LoAN.-The British govern
ment has succeeded in obtaining new loan of six
teen millions sterling, terms considered favorable
more so than expected, by the government
itself. The loan is raised very novel plan.-
The princi pal of the loan is fixed permanent a.
mount, without any Term named for its redemption,
but with the addition of an annuity, termnable in
thirty years. The bidders invited to name the
amount OF the terminable annuity the contractors
would We willing to take for making the loan. Only
0 one bid was made, and that by the house Of Rotbs
child, who received the contract Gl0O sterling
a three per cent. stock Identical with consols, and
fourteen shillngs and six pence sterling annuity fol
thirty years from the 5h Of April. The government
thus is 10 receive Gl00 sterling for GI0O Stock anc
% is 10 pay interest at three per cent per til
the loan be redeemed and las. ed. per cent per
n mum for thirty years fhe manner in which thu
market value of the new loan is calculated is fur
nished by the London Times of the 22d April, a
u follows
"The value of G1OO consols is ESQ 15., and O
= las. Sd. termnabe annuities for 80 years Eli l2s
This makes &l0l Is, almost exactly l prem
g ium It's actual value, however, is lather more sine
III this calculation assumes the entire subscription
m 6l00 to be paid at once, whereas the instalmen1
i'd extend eight months and the employment in tn
g interval of the money not called up would yield,
:, at the low rate of 2 per cent now obtanable in h
70 Stock Exchange, about l2s. The value of the tel
s mnabe annuity, moreover, has to be taken low
e G16 per 81, while the quotation of to-day Is
re- l64, q purchase having been made at the latte
~ price. Under these circumstances the intrns
worth of the omnlum would appear to be pr
MUM.
"The letters of allotment were promptly delvert
T' Tn to day. and although general curailment
III cessary of the amounts applied for it was impartial
ire made. The applications supposed to have bet
~ fully 10 per cent, in of the total required.
MT There seemed but one opinion as to the equit
up BILE nature of the contract for all parties. 1t
ch understood that the margin of profit to the subscribe
&c in the Emancipation Loan of 1885 almost pr
''A cisely the same that now obtained.
Ie The first quotation for the Omnium, the COZ
np bned stocks of the new loan are termed II tc
Il