The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-30
THE WAR NEWS IN TURKEY.

THE WAR NEWS IN TURKEY.
INTERESTS or RUSSIA AND AUSTRIA IN rus EMPIRE
WHAT Is RUSSIA DOING "A CoMMERcIAL PANIC
THE LOAN.
(COns'anahops (aAy y correspondence Of Londof
The intelligence received here within tho last fe~ days
Of the commeDcemeut OF nos,intes Iay nas caused
great excitement How Turkey eey 10 no affected ~
the WARP What part wi Rissia play Ia there any ua
destandpg between toe OF FRANCE And h0
STA relating N the Sultan's ounions? rnesa aud IN
dred other questions Of ike imort-nore easily pit
than answereo-are In every oojy's mouta u one 'mng
there can be little ooubt the less Turkey ms 70 40 WIN
European politics present coDjuoctnre, the better
II is therefore matter OF siocsre regret tnst tue Porte
should persist In its opposition to the WILKES OF the
double election Of Prince Csuzs clearly
ILLEGAL that wonder decision OF tho Goa
ference r favor OF the aas qo ocsasioaiag extreme
tailor a, however aIosef 20 exceed all bouids IL
finds vent the refusal Of the Truman by which the
presen; state Of things In the Prncpsics should no
sspctoned TIE present surely for Turkey
to set her strict rights against the resolution Of
great Powers Of Europe The ,nerna affairs OF tho Prin.
cipates in critical state make IT OF the las,
importance that no unnecessary diti,l,ty should be
thrown IN the way OF the COVE nment OF Prince Coaza
voua ~. 20 ha nae ~
Porte. What Prince Couzl and the extreme iioars
party should ud 10 the conduct Of the Turkish Govern
ment pTetext for further infringement Of Couveu
ton u august, 1882 There is every reason 10 beev
that In taking the course on which It has resovsd-
viz: tot Of reusing to confirm Piace Cbs.I t)ry-
the Pute Is secretly ccntanced by sutd The general
policy " Engad ,cih pect the mIiat.aascs # The ia
tetty Of ts Ottoman esaptYe cdnp0 b. m,tIen aud 4as
frta may lind mr. anud,1a9e IN an Esra c9mplcats's,
phtch must necessarily lead 10 cordial use,stIai'
ing tetceen her and the Brash gocerynlaa Il Is
Dot SO easy 70 see Do~ but ev, could
Tlrkey from suco computation ,csgrspntc dss
patch received here yesterday further
break OF the Montenegrins VITO have annexed the for
trees o. Kiobouk
Rnssa- btentops With regari N this country arc not
easily ssthcmed am lined tonk that she looks I,
Other than aggressive meaDs for the reestabshment of
her influence Ueess the attitude she has nssu ned
wAros the Porte tbs she has performed are toe
grosest OF all receptions Turkey has pothng present.
tear ID tie way o open hosites Ga the part OF aissa
II rs nut snort t'ma since OF Russian orders
were Conferred on Turkish funcuonares name Me-
bemet Ali Psshs ngurpg at the beat OF the st sim
attention wss Tor the 'st tune paid By the Gar
fcers OF the Su tsn palace Professions Of anty ca tie
part Of the Russi-n goverlmaut dslrl.
button OF the decorations Soce then Russian DE- ago
man has scarcely been the Pots, and ell invre
OF that mission 10 the AFFAIRS Of ihs coopry appears
TO have ceased Nto7e,sss telsg,aph.c despa'cs firm
Lendos, rcetred fen days bach created great alr;
as to the effect ddt secret say, aGcirs and defsas.re
bet,oees Frane and Russia had dcyored and f4at
Turkey had he undesirable da nci figuring coepicu
ousy the There appears 10 De ason for the
belief in concentrating Of Russ troops Bssssrabi
Undue importance has, however been attached TO the
movements in tba; direction. owog the fact the
telegraph will persist IN conoundlng the rivers Dnsper
and Dnestsr.
The news movements OF the French and Austrian
armies and number Of Reports less founded on
fact, occasiooed complete panic nercil world
OF Gslsta Saturday last the 3otn ult Zoe average
value OF the pound sterog for some time previously bad
been from la3 TO las pases that day II f66
pssree ana this in the face OF the fact that thirds OF
the caime han ALREADY been wtnarawn rnst dgitdge
had something TO 90 with this depreciation OF the came
far from improbable Indeed this would seem to result
from the quotation OF the pound sterling following
business day (Monaay, the - inst at l5s pastres GA
this latter Gay meeting OF The ipueutal 81 the E,-
ropean merchants aod bankers held A. The ol ,e
of the Ottoman Bank in Gsata. Tue object OF to,
meeting ives 10 consider the best means OF asst
ing the government IN the Withdrawal Of further por
ton or the rena nder OF tue Gaines crcalstion When
the loan obtained IL Fog snd by tue Turkish 90
vernment f0r the purpose OF eectng ths wtairsgl
the paper money, it was estimated that there were
6lS 9s9 $50 pisres ia large and small came circula
ton OF this quantity 29T EOS $50 psstres have been
actually destroyed Atd to ibis 10 900 zoo passees
awaiting destruction in the vaults OF lns rreasury and OF
the Ottoman bsuk, and pave 4O7. 705, $50 pssJes
WITHDRAWN There remain, therefore, - l73 $40 pas
tres now in circuision. For toe Withdrawn OF abou.
So eco 600 piAstres of this latter nay has in eff
feet been mace by the cove nt II 81 hue appear
that provision for the purchase OF about 900 600
tres is yet 20 be maze by The Porte OF the IS 600 600
loan 81 ,0s4 200 IS still unexnansted Tee whole Of
this sum Is not, however, ct the present disposal OF
the government bonds for s6on00o we're deDo
sfed in the Bank OF Eog'and by ire loan contract
ors, which not available the Turkish government
should reach 90 Ags'u E464 200 worth of stocx was
bought up by the Turkish governmentpary TO prevent
the purchase money lying dle partly also with tn
keeping the price of the stock This IL would not
suit their purpose TO dispose OF prices
At the ting TO which have rersrrei proposals for
subscription to government loan to eec.nate the with
drawal II the remainder of very
received 90 600 900 pssres subscribed for
by those who attended the meeting there every
TO believe that the project III succeed The bonds
deposited have desc bed in the Bank of England
to be charged part OF the security subscribers
10 the proposed loan. Ihavc been thus particular the
here In the Cover ameut at time Of al others the
trying.