The New York herald., 1871-03-24
FogEIsS LOANS IN YHE ESe;.ssl nVsGl
nanAEs.
The New Russian Loau--lhc Umitcd states
Financial Opcrations in fsmr ape.


From the Liverpool Mercury, March H.
Among the governments which are now seeking
10 borrow money in the English market Is that OF
Russa, which only few months ago was refusing
10 fulfil its political engagements win thls country
and which is at tho present moment greatly increas-
ing It's armes for some very uncertain and suspi-
cious purpose. The recent conduct OF The Russian
government seems to have created consn'efabie
ahoagS the % sum thai Sue asks g Tor What We ast
now consider mere tribe compared with tho wants
Of other countries NOT amounting 10 more than
212 COO 600 sterling the attempt 70 raise It has given
rise to protest, founded upon the very lax
notions as 10 the value OF treaty Obligations ex-
DeS S s 81 F5e
90 S Gsys GHs%9s bea HssE sbs S S S
rnment had nd no, % r at aespan ' % @
Sai ssia p Eres are IN wns e. 1' ts s
Ss sa eY sSsn SF5 5 5S wns eney SsDss
by the extremely laY POLITICAL morality shown in
the despatch OF November last. IN other respects
ing money, for 1t has hitherto met all its becunay
engagements N me most honoTaoic manner Yet
= nus s0as as aooS Thr s% a. i sss Wss Of ss
ago, for the Russian governments has been q
great borrower OF late and at Tue present time
itself no great debt for an immense empire Ike
Russia, containng greater extent OF the finest
still there is something IKE a permanent deficiency
In the Income OF Russia az compared with lis cy-
sian government Is making both on lana ana sea
VIII seriously increase this deficiency. Hence though
the Russian government VIII no doubt, obtain What
1t asks on the present OCCASION s financial position
cannot be considered very satisfactory. This per-
haps, may not be bad thing either for England Of
for other nations, rs 1t must have The effect Of
srainng Russia from DANGEROUS wars. Awar with
england would certainly have the effect or throwing
the finances OF Russia into utter CONFUSION.
the financial operations which the gov ernment OF
the United States Is endeav0ring u car ry through
The English and other European money markets are
TO satisfactory issue II ,nat government should
continue TO pay on large portions fits dehlas is
doing at preSent-out oil Its surplus income. These
financial operations will be greatly facilitated IL the
negotiations for the settlement of all matters dis
gress at Washington, between the High Commits
soners Of England and America, should be brought
United states Is very large, amounting to verS nearly
900, aud the yearly cost OF that debt Is very
are almost boundiess, and nothing can in.
jnre the credit OF thar country provided the
oas nhsr o. %eni bu ~ war M ana cres ler
stopped. Win twenty or thirty years Of peace the
national debt Of the United states VIII be reduced to
aoSnS'e sSe % iGS piesSlI large asbt d ARerlea and
wa wSaa fsnaiT any rgalSss S ssSsy ss sysn =
create strong dnd r5asolabie hope oil the continue
ance Of good understanding between England and
violence Qf political incendiaries II the present
mode cfsetiltng disputes between England ond NE
"
thai now sitting at washington, shond be success.
fd' " VIII not Only serve as precedent III all sue
ccediDg times to the two nations Immediately con-
cerncd, but may also have some influence on other
countries.
AZ The present moment the most din,cu,t OF all
financial questions Is how the French government Is
30 obtain the enormous amount OF money whicn viii
he required to meet its obligations. fhe amount.
taking 1t rs whole, cannot he less than three hun.
trcd millions sterling, and the present state or
France is anything but encouraging 70 those VINO
might be disposed 10 lend money 70 that country.
Unn settled government Of some Kind has been
established In France Il lS not TO be expected that
any one will lend it money. This Is manifest that
u Will no doubt have great influence In moderai.
ing the views OF easonahe politicians But, unfor-
disposed TO stcn to reason, and until Il has been
made ameuablc 10 lawful authority there il very
little hope either for the peace or the credit OF
franc G.
The Protest. on the l.onS0n stock Exchange
Auaiast the New Russian Loan.
.he following protest against the new Russian
ican was handeu round for signature on The Lon.
don Stock Exchange OF the 10TH:
a prospectus having been issued by Messrs.
~ Gl2,O0o,o0o sterling for RUSSIA the under.
signed hereby enter their protest against such loan
Dena introduced at present Tor The following
ieasOns--
ft,- The Conference sitting In London consider
The on"s,,nn - p, s@s mact ga o. We treas, O. so
ihc opinion OF her Mstesty's envoy Mr. Odo Russell of
oasure @ IN s psesen! state to compel with without
fhtrd-lndcr these circuDsarcas good citlsons
aya subjects OF our Queen consider that sppy
4 most nnpatrioc, and. ~ the has ynciieI
JUS siltnGs IN every way 10 be condcpineh