New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-04
A LOAN TO TURKEY.

After the division on the Roebuck molten,
Session, Ministers began to breathe freely, men
who were within bound of the branch of office
grew bold ard comfort and contentment
reigned throughout the Palmerstonan camp.
But, alas for the uncertainty of all human tri-
umphs, q sudden shell broke upon its victorious
repose, not only unexpected but narrowly
threatening in its burst to scatter the Palmers-
ton Administration, the French alliance, and
ell the supporting elements of the war. The
case stands simply thus;
Either for their own profit or patriotism, be
it WI ich it may, England and France have I'M
dertaken to protect the integrity of that "poor
sick man." with playful irony decorously de-
nominated the Turkish Empire. For the ac-
ctmplisbment of one or other of these objects
they have already sacrificed thousands Of men
and saddle EDglishmen present and to come
1ith enormous liabilities. 1t turns out row,
however, that Turkey not only requires assist
ance to protect her against her foreign foes,
but assistance to aid her with her native negO-
tiatiOns.
To rush in with nervous arm to guard from
assault poor sick friend ia one thing; to stand
security for that friend when his affairs are
known to be in condition of hopeless ruin, is
another. The sacrifices imposed by this war,
whatever be the impelling motive, have GER
tainly hitherto been borne by the people Of En-
gland and France not only without reluctance,
but with alacrity. Their generosity or selfish
less has already been exercised to the verge
Of unmindfulness Of the duty due TO the peo-
pie Of France and England who may succeed
them Nor can we believe that refusal to i'm
pose with generous recklessness on their pos
terity burly burden of guaranteed debt, for
which eventually they must be responsible, is
inconsistent even with the assumed enthusiasm
of the Allies in favor Of their unfortunate
friend.
But apart from these considerations of justice
to their own people, which no pretense Of poll
cy can disregard, there are considerations con-
nected with the security offered by France and
England for this loan which affect quite as keen
ly the independence of Turkey as any design of
Russia against which the Allies profess to show
fight.
Turkey receives this loan of FIVE millions ster-
ling under the guarantee of France and England,
offering to them no positive security in re-
turn; but as Lord Palmerston states, it is given
81 on the strength Of the internal resources Of
Turkey" If Turkey had offered, as was pro-
posed on some former occasion, a lien upon any
particular and distinct portion of her territory,
the loan would have been relieved of its pres
ent eleemosynary aspect, and had the strength
and substance Of regular business compact.
But this vague reliance upon the internal re-
souI of this sick Empire il, as every business
man must know, false dependence so far as the
Allies are concerned, who accept this security,
and a sacrifice of independence on the part of the
protected Power which in its desperate diff
Guilty proffers it.
In our position it is unnecessary, and would
be weaIying, to enter into those ressoni1gs of
political economy so forcibly urged BY the ablest
disciples of the science in the British House Of
Commons, Messrs. Gladstone, Ricardo and Cob
den, who so yehemently protested against the
propriety Of such guarantee; nor shall We al
lude to those complications which threaten the
harmonious maintenance of the French alliance,
if "the internal resources of Turkey" are to be
divided and appointed to meet respectively En-.
glish and French claims. This consideration is
untitled to the greatest weight, as ominously
limited at BY Disraeli; but 10 expatiate on it
does not lie within the compass Of our purpose