The New York herald., 1870-08-19
TURKEY.

Financial Depression and Money L0sses-
-The War Fever Anxioty-NIilitary Aid from
Egypt-Russian Intriguo-NIateriaiP Progress
Slightly In Check.
CoNsrANTINOpLE, July ~, 1870.
The financial position of the Stamboul market
has in no way improved since my last; in fact, it
may be said to be at present in worse state than
it was at the onset Of the panic for with tho in
creasng uncertainty as to the ultimate results of
the pending conflict between France and Prussia
gold tends to become more scarce every day,
people are more cautious and credit is gra-
dually diminishing. Many failures must fol.
low if this state of affairs continues,
and with such prospect before us
general trade must necessarily suffer. What is
worse ID that nobody can tell how far the evil may
60. At present We are suffering only from the
effects of general psnic-eneets bad enough, as
many already are ruined by It, and others find
themselves suddenly deprived Of one-third Of their
fortunes, laid out In government and other
and inquire what the result would be II these
European complications were to extend az far as
the East, and should Turkey herself bs drawn In
the vortex. 49, = :.
As yet no such eventualty seems in any way
imminent, as the Sultan's government has wisely
followed the example Of the other cabinets Of
Europe and declared her positive neutrality.
breech.loaders to the Sultan and also
corps of $4,000 Egyptian troops for the
camp of Rustchuk. This offer has been accepted,
and unless some untoward event occurs VIC shall
soon have the Egyptian contingent here. Money
the VicerOy does not promise probably ho has
none to give. He is very popular just at present
and all the efforts of his enemies To bring about
an angry feeling against him on the part OF the
Sultan have failed.
Russian intrigues are very rife in Servia in favor
of pansavish movement. Tbs feeling may
tainly be very popular at Belgrade, but it is not
30 among the Bulgarians, who cordially detcst
Russia, whatever philo- Russians may say. This
however, does not obviate the necessity of
preparing for future difficulties in Of compl-
cations In these parts. Consequently we
now see great activity at the arsenal and at
the Board of War barracks, which are actively
being prepared for the reception of large bodies
of troops. In fact, the whole Of the fleet ia being
manned and prepared for sea, and the eight iron
clads anchored in the BOsphorus are ready for
cruise and look very efficient and imposing.
Along the Danube an army Of observation has
been formed and placed under the direct com.
mand of old Omar Pacha, and will consist Of
$4,000 men, while another corps of 2O00O men is
under orders for the Greek frontiers.
AL these naval and military preparations
tell heavily on the resources of the
they continue the Minister of Finance, sadik
Pacha will find himself at his Wits ends to procure
the ways and means. You may imsgne how he
is likely t. fare in the Galata money market should
ne nave 10 apply lOT temporary IOan, Wneu L
state that private individuals are refused small
temporary loans at fifteen per cent against deposit
Of securities such as cOnsols at thirty though
their quoted price is forty two.
All matters connected with reorganization
improvements naturally suffer from the present
state of affairs and we hear nothing now about
railways or steam companies. Army contractors
are the busy men in the field now. Some eco
mitrailleuses have been already ordered, and the
wants of the artillery will not stop there.
There il also q chance now for some of your
ferryboat builders. For many years an American
gentleman tried to induce the Bosphorus Company
to start ferryboat between the two shores Of
the straits. He could not get either them or the
government to give their attention to his pro.
posal, and eventually left this In disgust. The
Bosphorus Steam Company has now actually
brought out ferryboat from England to convey
passengers, carriages and cattle, and. az success
Is certain, the company will in all probability
soon be in want of more boats Of the same de-.
scription.
The viceroy is here for the summer season and
shows no sign OF going. Some people say that hs
will remain here till next September.
So far matters are very quiet in the Danubian
and Servian princpalities
The French Ambassador, NJ. Bourre, left two
days ago for France. His successor is expected
next Saturday.