The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-11-27
FOREIGN NEWS.

LONDON, Nov 26.-The Times has reason to
believe the British Government has bought
from the Khedive four millions sterling of
stock of the Suez Canal
The Egyptian Government is authorized to
draw ON the Rotthschilds, at sight, for the
amount This purchases III, 900 of the four
million shares.
LONDON, Nov. 26.-The reported failure of
the MANILA house OF Sturgis & Co. is con-
frmed.
The Ielegraphs Madrid special says: Brit
ish Minister Layard when passing through
Bilbao refused to receive visit from Gen.
Burriel, who directed the execution of the
Virginius captives. 1t is reported the Minis
ter of State demonstrated with Mr.. Layard.
LONDON, Nov. 26.-The Times in its 6nan-
cial article to-day, says in relation to the
purchase by Great Britain Of 177,000 shares
of Suez Canal, that breathing time most
essential to Egypt is secured. The value of
the purchase to England is great, and prob
than it does By buying the rest OF the shares
and paying the two loans raised by the COM
pany amounting to "a, 500, 600 England would
be possessed Of the entire property.
The advantage of the bargain materially is
a secondary question. The purchase was
made for political reasons therefore the i'm
portance of the step is hardly to be overrated.
For a considerable time it cannot be pecuni-
arily profitable unless England also redeems
the nineteen years coupons which the Khe-
dive heretofore sold. The Times, in o leading
article on the subject, has the following:
There is an audacity about it which we do
not generally associate with acts of the British
ministry. We seem to trace in the business
the hand of Mr.. Disraeli.
"The nation wakes this morning to find
that it has acquired heavy stake in the Sc
curity and we'll being of another distant land,
and that it will be held by all the world to
have entered upon a new phase of Eastern
policy. We have no desire for an extension
Of territory. We do not covet the Nile. Since
the frman Of 1873, which gave the Khedive
the right of treating Independently with for
eign States, the Egyptian government has
little cause of complaint and may fulfil her
duties untrammeled by Stamboul in this
settlement.
'We desire to make no charge, but should
instruction or intrigue, aggression from
without or corruption within, bring political
as we'll as financial collapse to the Turkish
Empire, it might becomegnecessary to take
measures for the security of that part of the
dominions of the Sultan with which We are
most nearly concerned. An acquisition of 80
commanding an interest in the Suez Canal,
an interest which must inevitably tend to in
CIcdoC, WALL lChA thO SoSCAhAAohe nhu POopiO
of the country to concern themselves habitu-
ally with Egypt"
A special to the Daily Telegraph from Paris
states that in the Spanish reply to the Wash
ington Government nothing is conceded to the
United States except that accused Americans
may invoke the aid of counsel before a court
martial in Cuba.
A telegram from Madrid to the same paper
says: So far as can be learned, Spain prom
ises reform in the matter of the confscation
of property, but declines to adhere to the
treaty of 1895.
LONDON, Nov. 26.-The Khedive's shares in
the Suez Canal, according to an old arrange
ment with the Canal Company, receive no
dividend for nineteen years, consequently
their unconditional purchase by the British
government would in Q pecuniary sense be
wholly improbable for that time. But
Reuter- telegram from Cairo states that Egypt
has agreed to pay to Great Britain five per
cent on the amount of the purchase money,
four millions sterling for nineteen years.
BELFAST. Nov. 26.-The British bark L. G.
Bigelow, Capt. Ferris, has arrived here from
Baltimore. She experienced heavy weather,
and was obliged to throw overheard thou
sand bags of maize.
BERLIN, Nov. 26.-The police are searching
the houses of Socialist Democrats.
BERLIN, Nov. 26.-The Police Procurator
has applied to the Senate of the State Tri-
bunal to indict Won Arnim for treason, for the
alleged authorship of the recent pamphlet.