New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-06-07
TURKEYS FINANCIAL RUIN.
TUNNEL IINfNNIhII NNIN'
HER SITUATION SAID TO BE UTTERLY HOPELESS
LETTER FROM CONSUL~GENERAL SCHUYLER.
W,eur~cTON lima -Eupene SchuV Ter,

HER SITUATION SAID TO BE UTTERLY HOPELESS
LETTER FROM CoNsUI~GENERAL SCHUYLER
WASHINGTON, June 6.-Eugene Schuyler
Secretary of Legation and ConsulGencral at CONSTANT
nope in recent communication TO the Department OF
State. writes as follows:
The disturbed financial condition Of the country mas
Aside from The depressed -ta'c OF enc AurA
ish finances and the s,aguation OF trade which were rap
!dv producing erlss series OF nnhci.l %
nearly COMPLETED the commercial run 0i We colf.
Tie instruction Of Bosnia and HERZEGOVINA, hhu war
with Scrva. ato had their eh'ct npoh tl1ue' $3.50
rose even for the ordinary necessities OF io berdt
when, on account OF the h'Iu e. ~, i riiVn.d
Last ofal although since the period 10 when inns lc9ot
OF paper money; winch nave sun iui.'o e. H.
turbeG the market The great obstacles 10 we ,ne
%grnct FS' eSccsy ' o the Ss high taxes the
arbitrary manner IN which they collected ana more
than all the difficulty OF obtaining justice IA me G. uIS
Inc resources 1i the County, dlt eiv @ 49, 20 ''i nj
he to utilize them. The Turks themselves iNt ~ edP
tai employ in the de elopuent OF agriculture in,
or Manufacture ana great oostacies are ~
Introduction of foreign capital, ana one'ons IeHtc'
measures Tor the dcfe.ct mchl 81 ne G In
financial system. and that The lmperid! Otou b'uh
I'll ud be the payer General ana me T,''D, '' co.
oTHucut the practice has not been III accordance Win
f, rgbc debt Of Turkey now amounts. as ne can
be ascCrt3iucj To- Gbolt T9-7ooOGOo. me anial te
est aud other expenses ON wncn reacn F131VOJ0y GI
vcry difficult 10 estimate what ia the amount of ne
ac.da revenue and actual expenses OF Iurhe! 20 ftl
aEco he placed upon the budE &. pnnishtd IL lHo
although everybody anew thai tho GtNctru nj WIS run
Iing largely into debt year, he NUGGETS i"l 'it
same time nearly balance BY the ast budget uD"snc"
that f0l the year ending March T. 1876, lac cNtts'r
the Government placed q, Tl-45'J.iVs' WINE ,iir
receipts are estimated at I02GjG,jI-, leaving Ithi'
Of over 81 GC1.OOO I'm tins amount tine custom ott'
were down. indeed tney were the preceding year,
al -3.JG2JUC bat, IS have before stated tnls aio|'
r;ui,. rs the CuSjOInOusc reSes 10 stare rs '
tu.i rcCcil 6. and tue commission WhlcL was dip"ht'
vc:y the budgets declined 10 enter INTO thc detds C
receipts and expenses but aCc5g pied the amounts gwen
L. them by the different administrations.
From other data. although they aye also oiit'a we
find tha the OF tLc tire, N&yets of tc D1AI'
AdlianOpt, ana SaoEica amount TO "a little over -
COO GO yearly while c Alcscs Of The Multiplication
OF those Vildyets are Only about S2,'OOooo leaving
clear surplus The Government from ;htsc prov ict' OH
$40 $4,000. Thc whole Of the Vldyti al the DANUBE,
and all OF thc most productive parls ~ tht Two u"eI
Vtycts are iucudc3 within tn limits OF Bulgaria Js
defined 10y Conference OF COnstINuuupc, hch pre-
p0scf 10 1--WE. To tie Turkish Government Only % tf
cCufun OF tie present revenues nf these PROVINCES We
rest Doe sut The local administration lbs would
give the COY cInnent instead Oh Sl"1obbV' hjt ho4c
thaA -, Uu0C JO--a clear loss OF owe. Sl-OcHCuO
Under the present methods By which lie revenue is
OhtaHCd il not possible 90 Increase me iNtr
win ANY chance further pTOcuCtNcEc~s, ana unI'.
great reforms speedily introduced MO dfEtN dhu
care given to the development al its natural resource
not even The present amount Of taxes can long e RAISED
There viii be an additional deficit year. AN as Tar
OUTSIDE, financial ruin 81 the country sccns lue'-
if4ltts