The Hawaiian gazette., 1877-05-30

dscha is pestilential land which has cost
the Russians in former campaigns hundred of
thousands of soldiers. 1t is thought that the
Russian army will pass the river at several
points, making directly for Schumla and the
Balkans, while an auxiliary body, coming from
Servia and Montenegro. would march on So
phia, thus turning the Ballsans,-and the two
armies would join at point to the north OF
Adrianople 1t would almost appear as if this
were the plan to be carried out. 1t is curious
that only few weeks ago Servia made peace
with Turkey, and yet we find Russian troops
on the march to enter that principality. But
we suppose Russia would find little difficulty
in setting Servia and Montenegro again IN
blaze, and securing every facility for her ar
mics operating from the west of the Balkans.
The Russians have occupied Bayazid, in
Asia Minor, a town at the foot of Mount Ara
rat, a mountain famous as that on which the
Ark rested when the waters subsidized after
the food Bayazid is in the Paschalic of
Erzeroum, from which, it is distant east south
east about $50 miles In the campaign OF
1928 Bayazd was the scene of several con-
tests, finally remaining with the Russians. In
1854 the Turks were defeated at Bayazid by
General Wrangel, after which the Russians
took possession OF the town. On the present
occasion the Turks do not appear to have at
tempted to defend the place. There is no
e. IL. =, 4 -,
IDENTIFY means to strain its power TO the utmost,
to endeavor this time to make an end of the
sick man," for it is stated that the whole
army under its new organiza tion, is to be
placed on the war footing. On the other
hand Turkey shows no sign of finehing. II
has protested against the convention between
Russia and Roumana, under which q free
passage to Russian forces was given by the
Hospodar, through territory which is legally
Turkish, and has suspended the functions o
the Roumani4n Agent at Constantinople, in
consequence of this breach of vassalage Aus
tria has declared its neutrality, but reserves
This is phrase which may mean much ol
nothing, but probably Austria intends to con
vey the intimation to Russia that she will en-.
deavor to prevent her from acquiring territory
and power in such a position as will be an in.
jury and menance to the Austrian Empire
Austro- Hungary is indeed in u difficult posi-
tion. Acting with other Powers, she is in
position to stop Russia's advance on Constan
tinople, but with the diverse nationalities o.
her subjects size has not the courage to take
decided step.
Perhaps the greatest interest will be fei
in that part of the news which tells of warlik
preparations in England, news which showt
that the English Ministry and the Englisl
people have come to contemplate the dreat
alternative of war as probability. Consol
are now down to 942i 1t may be interesting
to show how Consols have been affected b,
public events during late years. In 1853
Consols ranged from l0l to 9Oa in 1854
the commencement of the Russian war, frou
90 to s574 in 1865, from 03A to s6l9: il
1856 on the conclusion of peace with Russia
they rose from 81 to 902I from 1867, The.
have not been lower 92ia. Consols are now
therefore, at the same price as in 1855, whe
she was actually at war. This is an even
which, considering how the money market i
the barometer of warlike weather, adds great
ly to the prospect of the times.-Aucktdn
| Herald MlV SM.