Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-04-02
His Objections to the Treaty of
San StefanO.
Austrian Objections to
the Treaty.
A Stand,Still in Silver in London.
A Very Unsettled and Unsatisfactory
State Of Affairs.

LONDON, April 2.-The house Of com
mons sat through the night until 6 an.
in consequences of the obstructive oppo
sition BY some of the Irish members to
the Irish Sunday closing bill.
The following is the sentence verbatim
in Lord Derby's 'circulsr to the powers
in which he objects to the treaty Of San
Stefano: "As a whole, the combined
effect of the treaty in addition to the re
suits upon the Greek population and
upon the balance of the maritime pow.
ers which have already been pointed
out, is to depress almost to the point Of
entire subsection to the political indie
pendence of the government Of Con-
stantinople. The formal Jurisdiction
Of that government extends over
the geographical positions which
must, under all circumstances, be
Of the deepest interest to Great Britain
1t is in the power Of the Ottoman gov
eminent to close or to open the strsits
which form a natural highway Of the ne
tons between the Egean sea and ibe
Euxine. Its dominion is recognized at
the head of the Persian gulf, on the
shores Of Levant and the immediate
neighboEhocd OF the Suez canal. 1t
cannot be otherwise than a matter of
extreme solicitude to this country that
the government to which this jurisdiction
belongs should be SO closely pressed by
political outposts of greatly superior
power that its independent action and
even existence is almost impossible.
These results arise, not so much from
the language Of any single article in the
treaty as from the operation Of the in
strument as a whole A discussion limit
ed to articles selected by n power in
the congress would be an i~llusory RENE
dy for the dangers to the English inter
ests and to the permanent peace Of
Europe, which would result from The
state Of things which the treaty proposes
to establish.
Vienna advices present the Austrian
objection as not less fatal to the exist
encs of the treaty hal E~ngland's.
The Times says: Business in the
silver market is at a complete s%tsndstill.
1t is impossible to give any quotation.
Although the tendency is not as good as
was apparent, the agreement between
Austria and England caused an improved
tone on London and other bourses yes
terday, on the theory that Russia must
give way before such a combination"
A St. Petersburg correspondent says
that Austria's views are regarded there
as so sxorbitent that the Russian chan.
%cellory, TO prevent an offensive alliance
between Austria and England, is about
to make another attempt to come to
terms with England.
At Vienna hopes are still entertained
that the congress may meet. Nothing
has developed about the feeling at Der.
lilo, only that Bismarck is going to his
Louenberg estates shortly. unless de-
tanned by the Eastern question. 1t is
stated that Russia is irritated by the re-
buff from France. The latter being sp-
preached fer a separate recognition Of
the treaty Of San S~tefano, replied that
she would not participate in a combina-
ton against England.
Betting on the University boat race ia
seven to four on the 0xlords.
Thslatest advices from Constautinople
say that a strong conviction prevails at
Russian headquarters hat an Anglo
Russian var is inevitable.
tits reported that Russia has offered
to cancel the money indemnity and in
crease the Turkish power over New Bull
garia as a reward for alliance. but these
offers have not led to any result.
The Grand Duke Nicholas held a 10
ception Of the diplomatic body Sunday,
to which the British and French ambas.
sailors sent their cards. The grand duke
returns to bis headquarters at San Ste
fam Wedneadav