, 1873-07-09

THE suAn OF rEns1A "sELns OUT" TO CHEAT
BRITISH RAILROAD CORPORATION.
Tho quidnuncs havo been puzzling their brains
to imagine why tho potontates Of Europe arc
going crazy ovor tho Shah Of Persia, and asking
whit claims tue hoathon has to recognition In
civilized society. 1t begins to leal out, however,
that tho real secret Of tho Shah'a visit to Europe
Is In tho interest Of great Oriental railroad pro-
toct, Of which Baron Do Reuter- is tho man WHO
pulls tue wircs tho Shah being used as o sort of
ornamental 6gurehead to give eclat to the an
nonncement, as many other notable pooplo in
other countries have been made use Of
for tic samo purpose. As near as
1t can bo arrived at, porsia has
been practically sold out to nn immense it-
who propose to establish something 1lko tho
British East India Company, the Hudson Bay
Company, or such an independent monetary
power al ia yet formonting In tho minds Of
Col Thomas A. Scott md his associates, whose
comprehensive schemes embrace the Te1aa Pa
oifie Railroad, tho proposed Mexican railroads
advocated by thoir agent, Gen. Roaecrans, aud
tho Samann Buy purchase.
Tho concession" as 1t is termcd by which
tho resources Of Persia are to be turned over to
the control Of corporation which will hhvo its
headquarters in London, is contract between
Baron Do Reuter- md the Persian Government,
signed at Teheran in July, 1872, by which Do
tween the Caspian Sea aud the Persian Gulf, or
in any other direction within the boundaries OF
tho Bhahs dominions tho said De Nouter may
think proper. He also acquires tho right to
lines, run mills and forgea, lay down pavenaents,
build street railroads, and establish banks md
poBt-ofilceB. The Government hands over to
tho Company tho right Of collecting itA own rev.
enues for tho noxt twonty-tiyo years.
The rights to prosecute tho aforementioned
projects are exclusively granted to tho Dc leutor
Company for 10 years. In consideration OF
these monoplies, tho Company agree to pay to
tho Poraian Government the sum OF S100, ,000 per
annum in excess Of tho present rovenue Of tho
Government for 1--WE years, and after FIVE yoars
an increase on the a100 600 por annum, ,measurcd
by the progress Of the enterprises.
This ia certainly a wonderful story, though In
Wow Of the present position Of Persia which is
likely to be swallowed up either by tho advance
Of IusBia from the north or the East Indian
power Of Great Britain from the southeast, 1T il
possible that the Shah has forosoen that
be must choose between mastors, aud
has chosen Great Britain. It is alao
we'll known that Great Britain Is unoasy at tho
progress of Russia through Central AHA toward
India, Great Britain has been cqatipg about for
some epoedier means OF communication M with hor
for the Euphrates Valley Railroad, $50 or 800
miles from Iarablous, on tho coast Of Syria, to
point On tho Euphrates from which steamboats,
could run to the Persian Gulf, and EngliBh sur
In tho past eightoon months. Subsequently,
however, NJ. de- Lesseps proposed his great
schemo for railroad through Central Asia from
orenburg in Russia, 1900 miles, to samarkand
or Cabool. OF this project, favored by tho
Russian Government, We gaze aome account In
this column of THE TRIBUNE month or 10 ago.
1t ia not improbable that tho favor with which
this project was received in Europe has stirred
Great Britain up to an enlargement Of hor plans,
and tho Dc Reuter- Company may only be tho
agent of the British GOycrumOut. Whether tho
Persian concession Of July, 1872, really oontom-
plates railroad improvements in Persia, or
whether 1t Is simply threat to chockmate Rus
ala and 30 discourage the Do LessopB project,
time alono will show,
LOCAL sTooK AND BOND n1AnKET.
Masara Limit prnstnn 4 Ennn u11ntn as fol.