New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-10-19
VAR.
Brit,.h Comments ON tho Situation.

Britl.h Commeats ON the situatiou.
LONDON, October llS.-This afternoons,
Globe, in its financial article, says: A COM
plete panic prevs sils ON the Sto E xchange.
News of Russia's apparent determination
to make war upon Turkey has confirmed
the fears which for several days have de-
pressed the malkets. and culninated to-day
descriptions of stocks. not only by epecu-
lators, stimulating panic fears, but by bona
fde holders of securities, especially for
There was at the opening further seri-
ous decline in quotations, and i: was difi-
cult to obtain prices ct which bargsius
could be effected, the fluctuations being 30
reduction of five per cent in Hungarian,
one and half in Turkish, two in Egyptian.
three in IAAliaA and lese, but considerable
decline in oil stocks. sssBe't ga4 si 80
The Times editorial article says: The
hopes We have anxiously cherished must,
We tear, at length be abandoned and We
must recognize the fact that egotistions
are prsetaea'ly - a end, eaA that tho two
kolli9erents nov fsce . fAce in European
Turkey must be left to the consequences Of
their acts. Another twenty four hours has
brought NO relief 70 the tension under
which we were lhboriug, and events are
evidently moving too fast on the Danube I'd
be arrested BY the slow progress Of even
telegraphic Diplomacy.
The Daily Telegraph, in leading article,
saye: England, % much - she loves and
end Of the world rather than permit the
Russian flag to be hoisted st Constantinople.
Lord Derby justly said that for British in
terests the Eastern question centered in
Coastantinople, and We hold IL is clear to
all sensible and reselute Englishmen that
at the first overt invasion of Turkish terri
tory the British flset. with the assent of
cast cas- % snchor in the Golden Horn.
Those to whom such . step might
appear like help for the Turks, may take
comfort, for it would be simply an act vital
to British security, and accomplished in the
name of and for the protection of British
rights. If it were not done, Asia, from
Scutara to Shanghai, would know, and pro-
claim immediately. that we had abandoned
the sceptre of this f ast, and the commerce
the march OF future Black sea squadron.
A dispatch to Reuters Telegram Com
pany from Vienna says: Austfia's Eastern
policy, in conforming to that of Russia and
Germany, means the re-establishment of the
imperial alliance, which was shaken last
spring by England's rejection of the srlin
memorandum. and the dispatch of a fleet to
The Nord Deu,schs zeitung's reply to the
article in the London Times. of October l6.
in which the former journal says: The
Times ignores the existence of an alliance
of the three imperial powers, indicating
Germauy's adhesion a. uncOnhrmed re-
ports (but which are rendered probable by
Italy's actiop) of q secret treaty between
Russia and Italy, and would account for
Austria's sudden return to Russian views.
hn hn
Prince and Princess of Italy visited Russia
early last summer and met with distin-
guished reception. More recently the
Italian Liberal journals have been claiming.
an extension Of territory in the direction
of the Tyrol in case Austria acquired
any Turkish provinces. The Italian
government hes disclaimed responsibility
for this discussion, but it nevertheless has
considerable effect on the public feeling at
Vienna. A programme. agreed upon and
executed by the three Emperors, would set
aside these pretensione, and equally guar
antee Austria against danger on the side of
Germany, which independent action on her
part would involve.
Thus the imperial alliance leaves only
Eogland and France to be accounted for,
supposing the truth Of the reported Rus
sia Italian understanding. There is no re-
cent evidence to show What would be the
ottltuuo VI cEouCc, Uut up GO tuo lAiAuIo Va
the Berlin memorandum she gave ready
adhesion to the imperial programme. and is
not likely now to offer it anv spontaneous
opposition. If, therefore, the Russian prepa-
ratiOns for m ovement against Tonkey are
as Reuters Vienna dispatches indicate, in
accordance with the views OF the three
Emperors acting in concert, there can be
little doubt they have determined to under
take the pacifcation of the Turkish p9ob
vinces, probably on the basis of the R14A
memorandum, extending its provisions to
Bulgaria.
The question OF the peace Of Europe WI,
ooaTUu1D on 1ouR1W ~. .fas..ss :