The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-07


IRREGULARITIES IN THx COLLECTION AND Az
PLIcAr1ox OF rAxEs-coMxERcrAL REIN I'M
PExpsSa-rHK PORTE HoPELEssnYs BASK-
RuPT-EroExE scnuyLEn's rNTEsEsrfsa RE-
PORT.
WASHINGTON, June o, 1871
Eugene schuyler, Secretary Of Legation snd Consul
General II conssansnopls. 10 recent communication
10 the Department. Of State. writes Is ioilows:-
The disturbed financial condition OF the country mas
weighed very heavily upon rs prosperity during the
last lew years Aside from the depressed state OF the
Terkish finances ana tbs s.asnas'on Of trace.
which wsre rapidly producing crisis, q
series OF financial measures has nearly CON-
ple,sd the commercial ruin Of tho country. rho
scrva also had their eject upon trade Prices rose
Tor she ordinary necessities Of iits beside which,
account OF the hard times the consumption oven
the necessary articles greatly reduced. Last
OF ALL although since the period 10 which this report
roters July 1875 10 Juno 90 1870, are the issues OF
paper money which have stii furtncr disturbed the
market
OBSTACLES TO PROSPERITY.
The great obstacles 10 tho commercial prosperity OF
Turkey come from tho government Itself, especially
IRON tue high taxes, the arbitrary manler IN which
obtaining justice IL The eosr,s The resources of,hc
country are great hut Impossible 10 utilize them.
The Turks themselves have ma capital 20 employ IN the
Developments of agriculture. mines 90 manufactures,
aud great obstacles offered 10 the introduction OF
foreign capital and onsrous restrictions placed upon
ts use For these reasons the promises Of measures
Tor the developments Of The Of turkey which
frequently REPEATED are idle words Ia spite Of
tho lac which promised the remodeIing Of the imam.
cixI system aud that tho Imperial Ottoman Bank
should BE- the payer general and the receiver general
and IN tact the sole hnsDcisi agent Of the Turkish
government the practice has not tecn 10 accordance
with she promises
rUaKxrs IxpsnrgpNKss
The public debt OF Turkey amounts, AZ scar ~
he ascertsiDcd. 10 about nine hunsred and
twenty mllioDs 81 dollars the annual interest
more than hs the total revsnas Of ne imelre !; !.
very dinicun 70 estimate What tho am"ant ~ the
actual reseno. and actual ~spcnses u Tufkey W
hsIce can bc pacc1 upon the budgets Published. Ia
tact, although evefylody knew thai thc govern.
meat was running arscy into debt cvery year,
the budgets tor the same time nearly bslance
By the last budget pubahes. that too shc year eaang
ssarch u. 1910 the cNlsnxss OF the government
placed al sis4 ss5 Loo ~hr abe resopss are estimated
~ slv2 sss o<2 sasinx dshea 81 s2l O0l0O0 Ia
this amount tAo custom 4ut4es we're uowa.
indeed they were the pfecod ~ yvsr A. tS92 so bot
Custom House refuses 10 slate ns sctua reccas aud
the commission. ~hfch vas aIloinsed 70 yefssy sbe
budgets declined 10 enter into The detAlh % receipts
aud cxperscs bit accepted the amounts gwen ~ gnam
BY the different sdnA'isirslioas
nsNNktN
From other data. although they arc also Official We
lnd that the resenue ~ the three ,ayeis u hs naI.
ubc. Adrian"gis aud ssieaca amount - lutte over
uasson q noe Nia,ss are opy aboat q. so0.00.
leaving cear surplus "a Tie sosefan,snl IRON these
provinces q slg, soouoo. Inc Whole ~ tho uayet
OF The Dsnu1s al - The productive parts Of
tho Two ether ytlateu afc lncludoa Wl.lin thc
limits 81 hal.ara - defined ~ ihc eeuicrsnsc
OF consts ntnope. ~n,,h proposed % sNe
18Th eovcrnnscbt uhy thsry cf eoAtun " tho presona
revenues OF these prssiat.s she rvss 10 10 ssn,
the local Ibis would give the govern
meat instead q $40 90 soo. 900 $50
q clear lgss % otef al. u1.tNo lndsr thc IFeoont
methods BY whleh the foveN1e j. obtained. u ducs
not possible - increase ihc iANes Nti
nny chaIco u fafthtr pfOtu,iNsbsss. And
unless great reforms hpsotllf lntFo4uoed luto
Turkey sud gwen TIE Development of us naiu.
raj resources not wen the pfVsspl -
long ra'Acd. There All ~ additional ssnrs
each year. aud Iafkcy hsncelorh 49, 80 lreslaasa
IRON borrowing inuury outslde, The nAancal ruin 81
shc country seems inevitable