Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1877-05-11
The Cabinet.

The Cabinet.
The Posts London correspondent saws that
when Cross boosted Monday of entire unity of
the cabinet he was indulging in q flight OF imagi-
nation The truth is, nominal unity was only
restored Saturday, and this res ult was obtained
after an angry discussion In the cabinet, by the
threatened resignation Of four of its members
Earl Beaconsfeld was in favor of violent and
sensational police. The British feet had been
ordered to rendezvous at Confu, with sealed in
structions to sail for the Bosphorus and there vas
every probability that an armed demonstration in
favor of the Turks would be made.
Gladstone's resolutions, or rather the expression
OF public feeling they invoked, put matters in an
entirely different position, and when the cabinet
met Saturday, several members declsred that they
would not at present sanction armed demonstra
ton on the Bosphorus. The four members to
whom the country owe the final decision of the
government in favor of neutrality are Lord Sails
bury, Sir Stafford Northcole, Lord Carnarvon and
Mr.. Cross. They declared that they would not
support warlike policy, and their retirement
would break up the government, the prime minis
ter and his warlike colleagues were compelled to
submit.
Thus a sort of unity ha. been patched up for
the present, and the government in the meantime
is committed to policy of neutrality. 1t should
not however be forgotten that thi policy is pro-
visional, and that the whole cabinet recognize that
intervention may be necessary.
LONDON, May 10. The Times SAYS various
particulars are circulated to the advance which
the Russian government obtained from Paris and
Berlin bankers. The assumption is that the adj
vance is SIG 600 900 and the syndicate retain the
right of making further advance of half as much
again. The terms of this advance are rather on
erous. The syndicate gets eight per cent COM
mission, aud as security holds Russian bonds of
1875 loan at five per cent of their nom nal value.
1t is also said the syndcate has call for the stock
at seventy five, for period variously stated as SIX
or twelve months.
The Flnancier to-day says q large amount of
paper drawn by the Russian government is now
offering for discount Russian credit is compare
lively low, but these bill having been accepted by
an eminent financial here, are eagerly taken by
leading discount establishments.
Marine News.
LIVERPOOL, May 10. Dakota passengers sail
Saturday on the steamer Wisconsin. 1t 10 feared
the Dakota will prove q total loss.
LONDON, May 10. The Dakota had only Just
left Liverpool on her way to New York, and must
have run ashore on Point Limas in the fog. This
is the point where outward bound vessels ususlly
drop their pilots. II is fifteen miles the ether side
of Holyhesd, and the coast is steep, rocky and ex-
ceedngy dangerous. The Dakota was . sple ndid
iron steamer Of about $500 tons, and valued at
$4,000. She was commanded by Captain Jas.
Price. Jr who has the reputation of thoroughly
skilled and experienced mariner. II is supposed
the ship and cargo WAS fully Insured.
The Dakota parted to-day noonSand Is sinking
stern foremost.
Two thousand coliers of the DArtmond district
In Prussia have struck.