The New York herald., 1870-01-29
RUSSIA AND ns FINANCIAL CONDITION.
Tho Reported Now Loan ON tho I.oudem Mar
ket-Dcfence of the Credit Of tLc EmpIrc--
improvements and Reforms.


Tho Reported Now loan On tho I.oudom Mar
kct-Dcfence of the Credit Of thc EmpIrc--
improvements and Refernl4.
BALTIMoRE, Jan. 25 1870
the New YORK HERALD Of the 22d Inst. contains
an editorial on Russia and Its financial condition
wherein II Is stated
telegram IRON London informs us that the intro.
ductlon oi the Russian loan in that city had
nea,s amonns .o =, ,oney naiKe.' n ns ,oun "a ~ up
IN gold ana Is Intended for the completion Of The
Nicolai Railway contract.
from this telegram You thought proper to draw
conclusions highly unavorable to the financial credit
OF Russia, and, as remedy for the imaginary evils
tnat you enumerate, wltn0ut even cndeavorlng to
ascertain the truth Of their existence, you
advise Russia ito march with the spirit or the
age to adopt free Institutions and by doing So to
increase the ambition, activity and industry OF her
people, l nave loo nigh an opinion OF the equity
and impartialty which characterize your valuable
paper 70 question Tor moment the possibility OF
refusal on your part accept and publish the fol-
lowing observations IN regard to those statements.
AS far as the fact itself is concerned OF new loan
having been put on the London Market l am unable
either to contradict or TO atfrm, although entertain
strong doubts OF the existence OF new gope,ument
ioan The Nicoai Railway was sold last year to a
private company; the line was completed more than
eighteen years ago, and, consequently, n loan
mas oeen ISSUED u could only enanate from private
company, without any intervention Oh the part vi
the government.
Tue statement that "the Russian government has
been borrowing every year ut the OF $50 600
to $40, ,000O 900 averageu erroneous Since 1855
no proposals or o new government loan have Deen
made by Russia. THIS once established beg leave
to cite few facts and figures demonstrat ting that no
nation on earth has marched so deliberately aud
raonally with The spirit OF the age as Russia and
that no sovereign OF the past or present Tune mas
done so much lor progress ana civilization rs Alex
ander III.
Tne following enumeration Of the most important
reforms accomplished In Russia since Loco VIII
stanilate this assertion beyon ali douDtTwenty-
four millions o men, vim their wives aud choren,
were not only emancipated rom serldom, but pro-
vided with land amply sulcient for their support,
anu placed al once IN the luli enjoyment OF civil
rights. This done without violence disorder or
bloodshed. To tins end the landed proprietors
rnced one-thlrd 0i their estates aud lnqulshed the
exercise OF their great Judicial ana administrative
powers overtime serfS. Foreign Powers, reDuted to
DC the pioneers OF civilization, attempted " frus-
trate the realization or this stupendous task. For
that purpose they encouraged In the integral part OF
the RUSSIAN empire generally known Poland the
schemes ol turbulepG ana INSCRIPTIONS minority
OF Polish landlords or planters who, upon the pre-
text OF national independence, soe.y aiming
at the reestabshuent or oll,archy leuaalslIl,
Alexander H. alter having resisted with dignity the
pressure OF coaized Europe and after having yigor-
Ou5y suppressed the rebellion not only persisted IN
his glorious work Ol mancipaton; but having
achieved diplomatic ana miiltary vicrory, he eX-
tended the blessings OF freedom ana OF ciyzation
to more chan 100000 of Polish serls groanng under
the iron heel OF oppression OF Polish oligarchs.
Having accomplished already 80 much, alexander
IL, whom grateful Russia caiis to-day Alexander the
lluerator, proceeded unheSatngiy TO the execution
ol the following reiorns:-AbOitlon or corporal
punishment; esaDiisnulent Vi elective provincial
semblles, invested with full powers to regulate all
local concerns; separation between the executive
power ana the judiciary; creation OF independent
triOunas. with rremoyabie and partly elected
Judges, with jury and oral pleading; aboon OF the
Imperative Censorship newspapers ana CONCESSION
OI nDcral laws 10 Tie press tnat at the present
time newspapers IN Russia enjoy more Independence
than IN france and Iermany organization OF more
than 10 900 primary and other pnDc schools; aboi-
tion Ol all kinus OI RESTRICTIONS heretofore enforced
against the individual liberty OF Russian sub
JectS, TO whatever creed or race they belong
not excepting the israelltes, whose recently pre-
tended prosecutions entirely devoid OF truth,
and to which the adoption OF certain measures Tor
tile suppression Of an immense contraband trade,
iostcred by the Jews, and wnIully msreprcsented
has given rise.
In the execution of these gigantic reforms the
ilDerator and Deneactor OF Russia did not lose sight
Of the material welfare OF his SUBJECTS In less tnan
Twelve years there has been built In the empire
more than 1000 miles or railways, aud 10 900 more
are In progress OF construction Forty thousand
miles OF Geographic lines have also been erected.
rigorous and ellcacous control Of the public eX-
| penses has been adopted. Great reductions IN the
annual budget have also been introduced, ana
1t ID statistical fact that taxation per capita
| III Russia is three times less than IN Eng
land and France, and twice less than in Germany and
Italy. All these aDoriOus and complicated reforms
and internal improvements have not prevented
Rnssia from bestowng her active and intelligent
tent0n to her foreign relations and Of this has
furnished strong proof to the American people In be-
ing the 1rst and perhaps the only OF the European
| Powers VINO never doubted for moment The issue
OF the civil and in resisting all Kinds OF oilers
and seductl0ns tending to involve ner IN q hostile
attitude towards America. These are inc0ntroverti
bic facts which paper like the New YORK HERALD
should not ignore, instead OF accepting true and
publishing without investigation, the cunards trans
mtted from well-knOwn source TO THIS country
through the Atlantic cable with tue evident ana
easily discernible Intention OF misleading public
opinion In the United states as regards Russia
tneir only real, sincere anu tried friend,
ARUSsIAN.