Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-11-28
- Fem the london Times, Nov. I.

oo;ol anternrIse has invaded Hs Fast anu III ac-
nr1opce with instincts WhichshaVe pecoHle par
corlanoe "1 TngIishmen have followed up the
u Es of war and utilized the experience OF occu
:r Nv, n number of schemes more or less Aenlu
10 and graUdose. Certainly no one. can accuse
not;on of timidty which, within SIX Mon.hS OF
tba conclusion Ola great war has proJeclea raj
49, frono Belgrade to COnsantnople, from the
W. Jg;,orronoan 10 the Persian gulf, over untitled
LIS mast decaying villages, amid the haunts OF
Unable. tribes, for many hundreds OF MI es.
re Great wealth of England and The desire for
moro profitable investments Than are afforded Wth'n
Tho limits of country OF redundant capital nave
oonsed and will cause, the East to be explored ny
L ontarnrising and speculative. The result OF thiS
will be- we doubt not, the ultimate addition oI many
norectcL regions to the field OF lndn7Hy' WIN
,reat increase of human happiness ana" '"'iel gu"
antee of safety for Europe fn' III Wv t'ISeIO n
- may not be ams- inquire mo Tue "C'u'1 Ntate
NrTy,,,, and N eyaulinc what are the prospects
" ao 4, r.npprraion for capital ana enterprise.
y t5in onobt never to be lost sight Of by those
L ,yonld lave dealings witt Inc tSl--naneIy
.bat the Turkish State Is Il Trrt"' i'U' any o'Hel
NO :,L b;ch we are familiar. In turkey a race IS
VII" ,,hieh mo- intercourse with Europe has ever
p"PIIo ~ inocul lie with European INSTINCTS. The
I'll, NAV 6pIt and govern, ana upiomatHe ana
iI bis oTn with lis own rayalt6 but as Il" progress
J anlerprise and civilization ana all the IDEAS with
,,L;cb the modern world rs iamiIar, VIC must not
L fr Them from him He Is net, and, as far as
:. - possible TO Judge never can be, a merchant or
sailor an inventor or sPeculttor an engineer or an
architect. There are only two types OF Mus.ulmen
!; Constantine ple-the uncllonary and The labOrer
,Lo Pasba with his utermnab series Of subOrdin.
tes and dependents, and the honest porter who
HI. bread by the sweat of his brow. There is posi-
vev no middle class of Turks to erter into business
relations with the English capitalist or adventurer,
and help him adv ncng the interests Of the COun
,ry The Turkey with which commercial men
will have 10 do is limited some dozen Pashas,
or less connected Wh The SulttnS palace or one OF
the European embassies. These The authorities
If the State; in the hands Of these are CONCESSIONS
privileges, monopoles contracts, and the rest. AS
for The Turkish people il is nowhere.
But under this COnClaVe Ot sdtrapS, this dominant
hand of shrewd and stubborn but selfish and indoent
politicians, exist communities IL whom the real fnan-
cial power of Turkey resides. The Armenian bank
er who has half dozen pashas deep in his debt,
and who furnishes the servants and horses with which
A ncwIy-risen favorte sets off for rich government,
is an unseen potenatc, of whose existence the agent
nj the English Company, VIII o is busy on the banks
of the Bospborus, is hardly The Greeks,
with their Austrian, and French, and Russian pro.
lection so skfuliy used at the proper time, their
ORGANIZATIONS their universal correspondence are al
so in the back ground and the emlssary from Lon
dom full of his interviews with ambassadors and
pashas never reflects hat he has been telegrap hed
and his arrival prepared for and his dOngs discussed
and his plans pronounced upon by who really
govern the imposing statesman to whom he has been
a fortnight past daily, detailing his schemes. We
cannot but think that our cOuntymen fall what
into respecting the real power of the Turk
ish government. We all know that capital is both
timid and independent that it fears every thing and
respects nothing. If this gaudy trontispece of i'm
poral sway do not truly represent the financial power
Of the country-i the Sultan and Ministers cannot
really control the commercial concerns OF the en-
pre-we may Fl I'd too late that guarantees and con-
Cessions are but deIusion, and that vast sans OF
money and great opportunity have been lrrevoca-
bly, lost.
Take, for instance, the plan OF a bank to be fund.
ed by English capitalists. London does not kn w
much of Levantine affairs and may think, with true
national self mplacency, that English merchants
and English politicians must carry everything be
fore them. Such a man has diplomatic influence
mother 5 been in the t-A~ ana f'eko"S sever"
Pashas and Revs among his acquantances OF course
tie thing is done But these sangump spectators
DO not reflect that Turkey is financially IN the hands
of class of men rich thoroughly organized, per
fectly acquainted with the country, with the Turks
as a race with the chief politicians as Individuals
who are the creditors of The Sultan, of his wives
of HE minister's of his servants-who stand on the
vantage ground of possession, and have only to de
fend the capital, which they had time enough tC
fOrtify. 1t is likely that these men would give uE
their gains to London company, and come doWr
from 10 to ~ per cent, to d moderate rate OF nte
rest! They have got the money which has beer
spent during the war, the commsSariat sOyereignE
and NapOeOnS are in Their tIlS, loans and advance
have benefited Them and not the Turk, and they are
perfectly capable Of fighting long battle. lht
consequence of course, or an attempt to establish
iauk without their concurrence found the whole
aece in solid array, armed at all points. Intestine
disputes vanished at the approach OF the enemy, ant
everything that energy ahd intrigue could accom-
plish awaited the unhappy project. The luTk
appear in the foreground: the eays, the equvoca
ton the promises and the deceptiOns all theirs
but the real resistance is the work OF more subtle an
Tesoute
We would therefore, advise country zen not t
trust too sanguiney TO the ASSURANCES of poIltica
support. The Turkish functIonaries IN CONNER
cial matters both ignorant and corrupt. When
scheme is detailed TO one of them, he will in tn
majority of cases understand it very lmpertectiy.
Whether he is to have some OF the money, he WI
probably require 10 be placed IN a clear llSht, Du
the rest he Will leave to oher and clearer heads
Now, the real advisers and cOntdants OF the Who'll
conclave of P,shas are these very Geeks and Arme
mans who have hitherto hatfled the Ottoman Bank
and are now wagng not unsuccessful strnggl
against the chief capitalists OF Europe. The Porte is
We believe, totally unrustworthy in its dealings will
foreign enterprise The Sultan in debt, the haren
Is deeply in debt, and few Of the chief men GU
of the hands of the money lenders In this condition
OF things everything is sacred for a supply OF read.
money. While capitalists are bidding tor ConceS
slons, the Porte has demanded his price, FIRST
loan of G5,00O,00O and then of G8 900, OnO, risn;
In Its eXaClOns as the competition grows hot. "A
The same time, II we are correctly nOrmed the none.
Tor the last dividend on the old loan had to be Dor
TOwed at cost OF 10 per cent Such stale oil thing
should make cOuntrymen more cautious in theI
dealings in this new field of enterprise and if the
will study little more the anomalies which it pre-
sents We think the knowledge will not be acquired
In vain.
Sir James Mackintosh invited DR.. Parr TO take
drive in his gig. The horse become FESTIVE. g Gen
ty Jenny says the doctor, . don't irritate him