, 1877-05-21
13UgSIA'S FINANCES.
HER ABILITY TO wAGK 6RHAT WAH---rLENTr
or MONEY! FoH TWO CAMpAf1Ha.

uF AUNET F0K TWO EAMTA1GH6.
Hill .KdIf 2dst&te, Auy4.
TO tht Editor: Having recently returned fFpmA
prolonged stay In nutdta, where c.rcumstanccs
threw mo In the way of acquiring information not
open to all the world, I'm abba to supply one or
two matters Of fact which may b useful in ea1cu.
lifting the chances Of the impending struggle bo.
tween the Mnscovtto and tho Turk.
And hrst ~ to the snews Of war. IunhesItAtlnT-
" assert tint tho IussIan Government eau dlapoae
OF ample meaus for Tie 1tst o. even the second
years. campalgn-at what coat will diseusa hero.
after. There IL, however. no mistake ebout tho
faet that tho uoney in hard cash II In hand. 1t ia
perfectly t1uo that th1 oxcrhanzing doubt has para
lyxed trade; that Tho suspension Of the goods
traffic on the guaranteed railways during the!f
the guarantee of dividend OF The fal1wsys
interfcrel with; that throughout the length and
Sp % fton ths ~ riding si essss fefe,sns Viii sss
country only to collect thci claims, not 70 pro-
ets 1ss s fs = h.
20 Thai, tn The Ncxski Ind Mosko!. in ST: Peters.
burg, and On The Biscksmith's Bridge In Moscow,
goods ID solie Of ail this The feeling OF tho COM
muntty has been 10 thoroughly aroused that tapast
.a u saequs sSs
pssu. Nor 70 pabllshsd statistics beiie ths stase-
round hsnlss f7c. 6oo, ooo Of our money!.
preceding. Of u pas cont; bu& tho du.
Les for tho year 1875 exceeded tho estimates by
neat'y fl, o0o 900 sterling. and tho receiptsT Tof
1875 By R,l5o. zoo sterling Mr.. d. Reutern. MIN
liter of Finance, anticipates, for tho curreat year,
: revsnue.ot c77, 900. 900 sterling, which must,
however, be affected by the condition Of the coun-
try but will in any excatd the revenue OF lh73
Ny calculations. 1t must be remembered, 4re d.
rectcd 70 tho prtaeus and immediate fhtass only.
What Il to beeamo or the country. financially. In
the end 10 smother question; and an quite pre-
pared to be Femtnaed ps tho tremendous funded
debt and arrears o. untodsened bonds which Will
| In al human probability. b. exploded In bank.
ruptcY and ruin In tho event oi IN unsuccessful
| and prolonged campaign percsise that ut
| tia end Ut laat year The deb. proper OF
| Russia amounted 10 aoont &24h, p00, 600 star.
| ling, along with = floating debt Of E1.Q,-
that ihs cost Of the mobilization has to b added to
&Icse hguees; that she has contracted this yaar
internal debt oR about E13 00O 0DO aud that about
Rl0 OOO, 600 sterling which ought to have gono
| tho redemption OF bonds haa been othe.Wisr di.
! yefted. 1t IL difficult To- calculate tho enormous
sutal with any precision. 1T L not lcas that G0O,
| O00, uOO sterling: n1ld considering how war would
daily swell tho floating intarnsi debt tha raaa1 OF
/ war aeetns plain-bsnkruptcy. But 3 religious
lsussla that tho money would bc forthcoming, and
tho question depends not On the power but tie will
| Of the Tutsn whether wAr with contipgnnt bank
xuptcy or more honorable peace be choaen. ! am
not blind 10 tho ruin that war would entAlL but
hare thu nssuranc4 Of wealthy 8coptsf Of my &C.
| quaintanco that In case Of W&f, res1y money
would be placed It tho d,spoa.l Of The qoysrnmensi
the extraordinary sccumulstons In gold OF this
| acct.