The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-03


countries forming the Russian Empire. IN Russia the
absolutsi theory that thu State belongs Sovereign
and that personal pecuniary interests OF the In
habilants must be suboro mate to the political advan
ns TO me wsrs = ui ISs anywhere else Sa. in
sh that relates to Russian America, me opposite
Soc.rne has been ever adherea 70 fnat territory,
being accounted worthless for I'm peai purposes was
iet W the enterprise and comLaerci9 activity OF
venturesome citizens. II lay remote part OF the
world, where Russian influence could hardly hope 20
reach. and still less compete with the free and eDer
getic races penetraiing the point from oppo
perpetual ice half occupied by towering crag aoning
miserable shelter 70 few wretched savages whose in
NosS pes 70 aenose the vicinity Of the deadcniAg
sances made by the renowned Behring Russian sdven-
urers began 70 scour these inhospabe seas the right
10 utilize their discoveries and little
vanages could be derived from Them readily parted
with by the g. Petersburg Government In 1899 one
George Shelkof bold captain had been cruising
OF the Aeuts for dozen years, was granted letters
patent authorizing the establishment Of Russo Ame-
about tho rights its neighbor and competitor
the Hudsons Bay Company It had both q commercial
try included IN CHARTER Besides exclusive right
the fur tTadethe principal Of gain in those
any other commodity whssever. From valuable Ss
cargoes or ore and wood down 70 gin-the delight
o. the native sayaaeyail vendble goods had 70
and Unlimited the prerogave they exercised In
their corner of the world that even the tea trade
far It depended the Russo American harbors
entirely signed to their hands
The charter originally granted for twenty years,
periodically renewed This occurred me last time
ysar ago when the company having induced the gov
eminent abandon the intention OF approprating the
colony, were allowed another proiongalton OF their
and according the latest account which have been
able to obtain now consists q LIZ SILVER rcablss
also reserve capital, about which all have sue
decided in ascersining is that amounted to s74 $50
company, prosperous in past years, have lately
ceased 70 DO 50. at least TO the sbsroholders.
cent had been announced, the shares BY 1866.
from nominal value Of 150 had fallen to So Indeed.
BY losses in the tea trade and variety or adverse cir
cumsances. shat the government when renewing its
charter year since had TO allow i an annual subsidy
fortnight ago. through the mediation Of the Minister OF
Finance, granted further loan Of 100000 rososss ty the
Tho latter incident has given rise to no little spe-
cuiation. The Of the oession having previously
divine the motives Of the government in rendering
the company an assistance which II would seem they Il
psuy Is expected 70 follow as matter or course the
ceson Of their territory. Under the Russian common
change Of propre.o or py death or sale rule Who y
assumed, will hold good In the present instance also
Moreover the land would be all but worthless in pec
MARY point Of view TO the American government, f the
company BIO left In the enjoyment OF their monopoly
In such case, were the Of 1850 600 roubos
counting upon from the company, either cash. goods
other equivalents, be henceforth paid the
upon the purchase money OF O00 As the idea OF
continuing such losing business afler the withdrawal OF
their privileges it entertained by tho company
II unable to make money, while enjoying monopoes
and subsidies, their prospects would become
upon extinction OF these advantages aggravated by
the appearance Of Yankee competition in the field. The
supposed legal and political necessity Of winding the
affairs Of the company, and the wish to do 80 enter
taned BY all concerned hare combined 10 raise ne vaue
Of the shares from 80 10 100 In fssO days after the
Touncenent Of tie sah The government i is argued,
will have 10 pay all shares par restore the de-
posted In the BANK by Of sueey purchase the SHIPS
factories and other belongings Of the company and last
tleast redeem their paper money II these expccta
tious not too sanguins the 81 coo for
the price Of tbs land vii scarcely c,vr the compensation
70 DO offered 70 the company.
Not many months back . rumor was waited TO rs \
from the East thas gold fields had bean discovered ~
tie ospy dses Of Rxniaa AMsvisa, richer than any that
A0ve aiudded TIE eye soutAsriy quarter. The
fact OF the country being sold for $40 900 may
believe, b taken conclusive contradiction OF the
story.
Tho negotiations for The csssion date from the time Of
Mr.. Foxs visit TO st. Petersburg This gentleman APP
peared in tho Russian capital congratulate the Ear
10 the OF the American President and people, upon
his happy escape from the hand Of An assassin.