, 1873-07-04

London in 1851, yet in loss thnn seven yeara no
had tho tolcBrnphio neWs service OF tho Metro
politnn Pross under his untliBpuled CONTROL and
could compo! tho oldo1t mud most exclusive OF
EnEHh dateB to nccoae to whatover tornnB hd
tchoao to 1ictato. Icuter lhl foresight enough
to anticipate tito unlimited expansion of tho tol-
egrarl syatom and promptnoas enough to Boolro
exclusive privileges from ovory now limo that
was oponed In Europe. 1fo supplemented tho
|, oarlior blanks III tho magnetic wi1o-circlo
by conrlors Of carrlor-pigeons, anl still
later by nl-paolset service. At this momont
thoro ia no groat city IN tho world which does
work With various 1sgreoa Of badnosa, but still
forming part OF q groat RyHtom, which is ono Of
tho most securely founded Of commercial monop-
olios: Tho man whoso 1a1nc tho London 1t.nes
Franla tn 1850, occupies now ono OF tho finoss
houBes III London, and gives dinners whose gor-
Eeosa aceompauimonts, at least tho richest of
English Dukes could not BurraAs
oyor tho exclusive right to construct railroads,
20 N mako canals, to work mines. and to ostablials
osher productive enterprises within his domin-,
IONS. lie can tako Government lands FREQ Of
expense, nnd cnn uso MI materials found in Gov~
o1nnen; Hqarriea grayolpits, etc., without pay-
mont. Neither tho men nor tho materials Tint
thiH :, grcat contractor nny employ nre
TO to-, bo i..Iu1, sn1b]eot to taxation. Any min1
stones, which Baron Reutor's agents n may % ind On
tl1e royal lands Of Poraia can bo takon and
workod by them without charge. sucl. private
properly In lands and minos aa hc may requircs
mnBt bo Transferred to him at tho ordinary prjccs
Of tho country. His first task Ia to construct a
railway from Rescht, on tho aouth ahorc Of the
Caspian, to 1spahan, tho old capital Of porsja.,
The M length q Of this road will DO about 400 miles,
Government will giyo ttH sovereign guarantee
to pay por cont-5 por cont for intorost
and 2 por cont for sinking fund-on d
loan of $500 600, which Baron Reuter- is
ff4 oh tn{t
lond 1t to him. Tho proceeds Of tho Porsinp
Custom Houses have hitherto averaged uttid
over 81 ,000, 600 yoar. Baron Routor Ia to pur<
chase tho ontiro control for twenty five years, Of
year moro than tho Government now makes
out Of them. Considering tho tllfoving instincts
| Of Ehetorn tax-oolootorn, tho Thron will prob
ably find that fow honest European officials
| this speculation.
The Baron and bis successors arc to remain
for seventy years absolute commercial dictators
of Porala. They aro to pny tho Government
meanwhile, 10 to 20 por cent Of theirnet earnings
in return for tho magnificent concessions accorll
cd to them, and whom their 1oaso has terminatelt
1t nay bo renewed on such tormB as both con-
tractlnS partioa can ngreo on. II tho Govern1
Of tho works Of tho Routor Company, it must
pay at q liberal valuation for the buildings, ma
ehinory,, otc. which may then have been
erected by tho Company. Who ia to enforce
tHc PROVISIONS OF tlo contract u0c9 not appear
hut 90 Baron Reuter- is Il naturallzel Btitial sub.
iect, there Heema to be All opening hore for q
repetition OF tho history of tic East Indla Com
pany. Tho Shah hns boon telling this people Of
England that, III coming among them, ho fools
| that he is coming among friends somo Of the
shnha successors may not unlikely become ioal-
oua Of tho rich fruita OF tho noutor concesBions.
! and thon It may bo assumed TINT tho country
which wronched Horat from tho hands OF tho
soldiors of tho Bhall, would once moro have to
show itself tho rcverso OF friendly.