The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-10-17


Issue-Order In the Golden Aorn-Navi-
CATION Rules for Neutral Waters.
CoNsrANTINoPLE, Sept. Is. 1874.
The nrst issue OF the new five per cent stock
createa under the contract with the Imperial
Ottoman Bank, which was not expected to take
place until the FIRST fortnight in october, was sud
denly announced last week. On Thursday, the
18th, the subscription was opened In London and
the day following 1t began In Galsta. The success
OF the subscription in London had already been
wired to C0nstantinope, ana this good news,
together with the favorable terms at which It was
offered TO the public insured Its local success and
subscribers were eager and abundant. The issue
has been managed In manner calculated to in
sure the conditions most essential to the per-
manent improvement of Turkish finance nor
have the interests OF the subscribers been over
looked. On the terms at which this subscription is
offered to the public 1t is certain to bring them
profitable remuneration and win no doubt help TO
raise Turkish enterprise, whether OF financial or
indus trial nature from the depths OF depreciation
into which 1t had fallen.
NAVIGATION RULES
The work OF the International Commission for
the new port regulations OF C0nstantin0ple, which
began Its sittings with Admiral Hobart as Presi
dent IN May last, has been brought to Q close.
The result Of It's labors is already apparent in the
altered aspect OF the harbor. The confusion which
untn now had retgned supreme has given place 70
systematic and orderly disposal OF the shipping,
and vessels Of all sizes may now enter the Golden
Horn without risk Of running into their neghbors'
RIBS or having their own battered in. The Aus
tran, French, English, Russian, Egyptian and
Turkish steam companies have each their respec-
tive positions assigned them, marked BY special
buoys and their ships In port are now systemat-
cally moOred head ana stern In three distinct
lines, with q broad passage between each. A
change in the narbor regulations had been in pro.
ject for months past, and 1t is chiefly due to
the exertions OF the foreign members OF
the Commission that this question has
been settled aC last. Though invited by
the Turks TO help them BY their advice the Turk.
ish officials on the Board. more especially the
the low estimation IN which they held the foreign
talent they had called into their councils and In
did their utmost TO thwart and oppose the '1gn0-
WARNING FROM FIRE.
It was mistake to suppose that the expro-
prlation OF the building ground around the Sultan's
palace OF D0lma- bagtch6 was dictated by His
provement. THIS act was simply the result OF the
great terror His Majesty had experienced on the
his palace We and he became an 0, Sys.wit
ness OF Its destructive powers. His Majesty's
nervous system received shock that day which
into which II has thrown him is displayed In vari-
GUS ways more or less unpleasant to those around
him. HIS architect has received orders to re-
move from the construction Of the palace all In
nammable materials, and thousands OF workmen
are employed 10 taking down wooden roofs and
floors and substituting iron. Useless draperies
have been abolished. Curtains, &c, pulled down
and pitched into the sea. Tue inmates OF the
palace are condemned to comparative darkness at
an early hour the only light allowed being q sort
OF night lamp OF very simple design, lighted
wick IN basin OF water, tine invention or the
Sultan, and warranted In consequence to be quite
SAFE. Simplicity itself could no further 60, and
yet 1t appears that Feizi Pacha, the FIRST Cham.
beriatn, committed some error In connection with
this new light the imperial wrath rose and
waxed greater and greater until 1t surged over
into
ONE GREAT EXPLOSION.
Had the Sultan dared, the head Of the Chamber
lain would have rolled there and then at his feet
or 500 lashes applied to the soles OF his feet would
have made lasting impression on the errtng
man. Since beheadlng and the bastinadO have gone
out OF fashion In Turkey His Majesty compelled
to take the punishment OF the Pacha into his own
hands, and gave him . right down good thrasning
According TO the Court regulations the Pacha was
bound to acquleSce IN tue Sult8n's wish In this as
in other matters, and with head bent and hands
target for the imperial blows. Beating mis- Cham
berlatn till he was black and blue with blood
pouring from his nose and mouth, seemed only to
excite HIS Majesty to greater fury. Snatching up
Turkish endurance win stop short Of having its
brains smashed and BY timely swerve OF the
head tine Pacha avoided the vase, which went
whirling to Its own destruction to the other side
tage OF this pause In the performance to place him.
self out OF the reach OF The imperial stick; for We
next hear OF him as being confined TO his bed,
sorey bruised IN mind and body. the birth OF Q
Is noped divert the Sultan's mind TO pleasanter
subjects and readjust his mental equilibrium.