The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-06-19
TURKEY.
Roumciinu Railway Observation-Disclosures Capi-
talists 80 Prospects of Success-EcOn0my

soun,ciinu Railway Observation-Disclosures Capt..
talists - Prospects of success-Economy
Needed.
CoNsTANTINoPLE. Nay &C. 1869.
The one ana almost only subject OF interest which
during the past week has occupied, and is still
cupyng, the attention of the Sutans Ministers and
OF our public In general is the cesslon Of the Roume.
Ian railways to the ErancoAustrian group OF capt.
talists az mentioned to you In one OF my last. TO
YOU IN America--who no sooner begin to think that
you ought TO be In direct communication with State
5000 miles of than, hi presto the thing is done, and
you go OF all the way to san Francisco by rail-
the general feeling OF interest created here by the pro-
posed construction OF line only 400 miles long may
appear exaggerated and uncalled f0r but If you bear
in mind first, that puoc has for years felt the
want OF safe and easy communication with the in
terror, rich in produce and cattle; secondly, that
these Roumelia railways have often been talked OF
and projected TO be as often given up and left undone
thirdly that even this last concession originally
granted, looked more like clever scheme to hatch
an indemnity claim against the Turks than bona
fde undertaking, you Will easily understand the
general interest created by the knowledge that
through lucky combination of circumstances the
project has fallen into the hands OF people able and
willing to carry II through on US favorable terms as
possible for the country and government. AS yet 1t
cannot be said that the cession IS Jdn dccontp,t;
for though the main points have been discussed and
are accepted IN principle by the agents OF the imam
cal elements. baud Pacha must first return TO
Paris TO consult with the hnanciers themselves
and obtain their acceptance ere tne tnIng
can be considered as definitely settled The
inability OF the frat holders OF the rman TO carry
out the project as originally conceded has turned to
the benefit OF the Porte for in agreeing to the trans
fer 1t has been able TO modify the terms OF the orig-
nal concession, and has obtained far more favorable
conditions One OF the good features OF the present
arrangement is the fact that there will be two sepa
rate interests at work. checking each other, to the
benefit OF the Turkish government.
The financial element contracts for the construc-
ton OF the railway and another group OF persons
connected with the Austrian railways takes upon
tt.nf m vvaf N ~ m
quenty the latter In their own interest, must cheek
the doings Of the former, and between them the
Porte Is pretty certain OF not having 10 pay Tor
badly constructed badly worked railway The
capital necessary Is TO be raised by the issue OF
railway loan, and "a the Rothschids and other
moneyed men are interested In the success OF the
scheme the proposed loan mas every chance OF noat-
the new burden imposed on the revenues OF the
country by the guaranteed interest on this railway
loan Will be very nearly two millions OF pounds
per annum when the whole line Is completed. This
charge il heavy enough TO justify the Minister or FL
nance, sadyk Pacha In his opposition to the pro-
posed transfer but II the treasury can manage to
pnll through the diculty OF the first year the bene
fit which Will eventually accrue 10 the country and
the state by The opening oil e ,g severa n s 81 COM
general that all dgicuty and danger VIII disappear.
The Turks, however. must husband their present
ments with any degree Of punctuaity and credit.
Unfortunately want Of economy Is the rock on
and undoubtedly Sadyk Pacha had this fact
in view when he tried to dissuade his
S Ss and the
OF the government had felt inclined to listen TO the
Minister OF Finance, they could do nothing against
the will OF the sultan who approved OF and ordered
the scheme 10 be carried out IL s unfortunate that
while thus coming forward TO strengthen the hands
OF his ministers the sultan should not In oil things
be ready TO show them an example Of the strictest
economy He has just ordered the imperial menac
eerIe TO be enlarged and restocked with large and
| expensive animals His Majesty IL not exclusive In
such matters and a. he has latterly allowed por-
ton OF has gardens to bs thrown open to the public
twice week 10 II not unlikely that the geological
portion OF H. as now stocked and lad out Will also,
therefore Is not III spent, but the moment Is Ill
chosen The Pacha OF Egypt has sent up quite
| cargo OF animals for the new gardens.
We are still waiting for the PRONUNCIATION Of the
| new regulations regarding the army.
| Crops IN MARYLAND.-Th copious rains on Mon.
DAY and Tuesday last have enabled our farmers TO
| Gnisb plantlng tobacco. We have heard OF some
| Complaints Of the worm IN tho corn crop. The
wheat IL now ready for the reaper. and harvest Will
ACTIVELY commence this week. The late rains nave
had the effect IN neds OF very vigorous growth, OF
| throwing down and badly tangling the wheat In
several localities, and mildew Is unprecedented The
vent this but the difficulties Of cutting and securing
will be greatly Increased wherever this leveiing mas
occurred.--g. 1drgs ma Beacon, June IL.
wgsrwRN CRors.-A Chicago paper publishes
crop dispatches from twenty -four points In ILLINOIS,
| eleven in Iowa and nve In Wisconsin. They report
the prospects for wheat fine, and some places VIII
double the last years. crop. Corn Ii generally back
ward owing to the cold and wet. some corn Is be.
| ing replanted, and the crop Will not be as large ~
usual. oats and barley look well. Potatoes are
| promising, except few places where bugs have ap.
Htxa Hhnae has haa m nm