The New York herald., 1878-03-10
Extension Of Bulgaria the
End Of Greece'e Hopes.
Count Andrassy's Opinions on the
Austrian Credit Vote.
BISMARCK IN NEED OF REST.
Firmness Of American Securi-
ties Abroad.
SIR BARTLE FRERE and THE .KAFPIRS.
ley CABLE TO THE HrRA1p.l

Icy CABLE TO THE HERALD.
LONDON March 10, 1878.
1t Is rumored in the London cfbs and political
that Lord Lyons Is likely to succeed Lord Derby as
Secretary OF State for the Foreign Department In
case affairs between England and Russia again be-
come threatening. 1t IL even regarded as not un-
meeting OF the Congress, in which case England
would be represented by her Foreign Minister
THE. END OF GREcIAN AMBITION.
special despatch from Vienna says:-"The ex-
caused great commotion at Athens, since, if car
ried out, 1t would terminate the Greek aspirations
In connection with Thrace, Constantinople and the
Dardanelles. Even should the strip from Kavala
interrupt the coast line, possession of which they
have long regarded as a rightlul inheritance, the
majority Of the Inhabitants being Greeks"
THE AUSTRIAN CREDIT VOTE.
statement accompanying the bill for the
Austrian credit TO be submitted to the delega-
tons says:"In the present position OF affairs 1t is
not impossible that the government might be
obliged TO take extraordinary measures for the
this case the government must be in position to
cover the expenses, and therefore ask for
6o,OoOo 900 orlns 1878 Oo0 1t is not proposed to
expend this in completing the equipment OF the
tnf, fict
means to insure the monarchy against danger and
surprise"
ANDRAssY's VIEWS
Count Andrassy, in the statement accompanying
the bill for the credit to the Delegations says:-
"It IL quite natural that In the arrangements
terests are driven to the background by
military ones. Under such circumstances the
Interests OF Europe and the individual States
cannot come out scathless. Public opinion has
gone from one extreme TO another, but at the
Congress the situation may appear In O less dis
quieting aspect Russia has repeatedly declared
that she drew the sword not from selfish motives
Dut to improve the lot OF the Christians. We must
demand such limitation OF the results OF the war.
whereby neither our nor European Interests viii
be injured.
THE BEST SOLUTION.
ave must provide the best possible solution,
but not mere pOstponement of the questions arls-
ing out OF the relations OF the Powers II Russian
arrangements relative to one-half OF Turkey come
into force what will be the prospects OF the other
helf? To what extent can Turkey be reduced and
still retain chance Of continued existences How
guarantee the execution OF reorms Such gigantic
difficulties only Europe acting in concert can sur
mount single State seeking to settle them ut
It's own good pleasure must be in position to
reckon with European coalition, which, how
ever" Count Andrassy was careful to add "does
not exist
HOPES OF THE CONGRESS.
ut is not to Russia's interest to make sacrI-
fees for things which do not contain within them.
selves guarantees OF stability, and to which Europe
was bound to refuse recognition. Consequently
there was justhable hope that the Congress would
lead TO an agreement Austria enters the Con-
gress to defend Austrian and European interests.
SAVING HER STRENGTH
"Austria has reserved her whole strength for the
moment Of the conclusion Of peace. She asks a
money grant to secure her interests against any
surprise; not relying upon mere political argu-
ments when one Power comes iully armed upon
the scene. Our request Is not an act Of hostility
against any Power, nor mere idle demons tration,
but an act OF precauuon"
BISMARCK IN NEED OF REPosE.
correspondent at Berlin says:-"Unhappily
there Is no doubt that Prince Bismarcks hearth Is
little improved by his vacation. He worked nearly
as hard as II he had been IN Berlin, and returned
In no condition for work. Nevertheless. he has ac-
complished remarkable amount OF work, often
With extreme physical exerton, even suffering
As soon rs the Chancellor's Substitute bill passed
ie Will take another and this time real, vacation ~
THEY LEAVE AT LAST
Rcouf Pacha and General Ignatie1 start from
'onstantnop.e to day (Supday) for st. Petersburg.
GENERAL GRANT AT ATHENS
General Grant and wife were formally presented
10 the King and Queen OF Greece at Athens yester.
tay. grand banquet in honor OF General rant
Will be given to-day.
THE LONDON STOCK EXCHANGE
The Economist says:-"Discount rates are prac.
hcaly without alteration. The position OF the
Bank OF England is such as may necesstate sharp
ndvaLce at any moment The recovery Of political
confidence has exercised n powerful influence ON
the Stock Exchange. The upward movement has
been important In every department. The nrmness
Of money has, however, checked speculative oper.
atoms.
UNITED STATES BONDS
"a substantial rise Is noticeable in nearly oil
United States investments, partly on account of
the improved tone generally, but more especially
attributable 10 the hope that the Silver bill will re-
main, Tor some time, at any rate. imperative. the
rise In United States governments was rapid on
Wednesday on statement circulated that the
Treasury would continue tor the present TO pay
the coupons In gold and that tho New York bank.
srs would probably take some joint action with re.
Ipect " tue dscrcdit which the measure in
volvcd reaction OF onc.quarter to three-eighths
per cent occurred In United States governments on
Friday"
DEFEAT OF KAFFIRs.
Sir Bartlc Frere, Governor and COMMANDMENTS
Chief of the Cape Colony, was expected to return
to Cape Town from the Interior about February 20.
despatch dated the 10Th OF last month says
IA severe engagement occurred last week, In
which the kaiilrs were completely defeated and
lost many killed."