The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-29

! IL Is indlsposed 70 give q guarantee any CON-
have been found 70 be inherent IN the
guarantee system IN India are greatly aggravated
IN Turkey. where European company seems to
regard government rs fair subject Tor plumber.
But the Porte, Mr.. Chenery tells US. would be willing
60 grant favorable terms 10 the British government
If they would undertake the financial responsibility
OF the undertaking aud guarantee loan. 1.-THE
Porte,' he says would oe prepared 10 give the
land gratis aud To offer TO the British government
SPECIAL securities for the payment OF the interest
and sinking fund OF the loan; to give the snporv
SION and management or ihe .raihc 70 british au-
thores ana TO cause the net OF the railway
10 be paid into the Bank OF England by mixed CON-
mission which would have the control Of the enter
prise.n Mr.. Cnenery apparently speaks Win author-
ity; but the BRUSH government would probably re-
guie political conditions winch would lie unpalat8be
~ the Porte and some OF the European Powers be-
fore guaranteen g sach loan. Inc line referred 10
Is that by Ismid, kutahia Aim Kara hissar konieh.
Aksera ienisnehr, kaIssaria ana Aeppo 10 the Per-
ment that might be made. From tnls point VI view
we should say there Is very little hope OF Tie project
beng carried out Tor many years 20 come. Before
sucn a line could be Thought Of even from con-
merciai point Of vlew tuat FROM Belgrade TO Con-
santlnople must be arranged for. When Mr.. Chenery
wrote his pamphlet everything INDICATED the early
commencement Of operations Oh that line by Austrian
capitalists; out We now know that the arrangements
have suddenly and nysteriously fallen through ana
that although such tower OF strength as Roths'
chlid in the Loaf, Mr.. Chenery mas word 10
say on the Eastern question which may De quoted:-
''Nuw that the Russians have finally suDuued the
Caucasus and Established themselves Hfihy On the
Caspian, the pressure Oh the As'atic provinces or
cannot tai to increase. II Russia aga IN ventures
open hostility To the Turkish empire her Efforts
Will be rather directed against the Northeastern
Asatic provinces than against the Jealously
watched CAistdntinople; ana AZ Tor Pei sia the
Russians are Already almost al ale gates VI It's
capital, for war unoer any readily found
pretext might add AzerbJan ana Aazanderan
the territory oi the Car. Inc English pubic may
be reminded ttIat the road from Tebran To London
Is already through Russia. The traveller emDarks
ut Reshs on the Caspian for AstraknaD; there he
taxes a rlver steamer and ascelds the Noga by an
easy route 60 MINI NovugOrod. where he comes
WITHIN the system OF the European RAILWAYS. There
are already companies IN The held TO make railway
from hesht 10 ehrai, ana tne Russian design 10 10
reach the Indian ocean by railway across Persia TO
Busillre AT the time Russia Is rapidly extend
Ing her own internal railway communication. IN
less we better ourselves II Ii almost certain that,
before many years are past, the quickest passenger
roue to lnoIa VIII he through the RUSSIAN empire"
One Is almost nciined 10 smile at the serious way
IN which Mr.. Cnenery comDats SUCH objections
as the misery and fatigue OF SIX days journey by
rail- Every other objection removed, We may be
qnite that this would not stand in the way. No
one would be compelled to perform the journey IN
siA days. The fact 49, these objections are put for
ward rather by way OF consolation for the non-ac-
compishneat OF tie project tnan as obstacles to its
accomplishments II they are serious, the line from
New ork to san FRANCISCO, tie entire journey by
winch taxes slA days anu eighteen hours, VIII go
far 10 remove them. noble example THIS lIne TO
the slower governments OF the Old World.