Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-04-01
Expectation Of Horses from Ger.
many Prohibited.
The Grand Duke and Sultan
ClOseted Two Hours.
Austria Almost Ceases to Hope for
Peace.
Wsrlike Preparations all Around.

urday the war assurances were five shil.
lings per hundred pounds on British bulls
and cargoes, and ten to twenty shillings
on Black sea risks, which are regarded
WITH great disfavor, and a half to one
per cent. on Russian bulls.
The Money Market Review, a
weekly paper, directs attention to the
fact that Russian exchange has fallen
eleven per cent. in the past week, and
that Rouble is now quoted at twenty.one
and three-quarters to twenty-five pence,
a depreciation Of about forty-one per
cent, and from par thirty seven and a
half. The Review concludes: at is
morally certain that wal would be imme-
diatelly followed by Russian bankruptcy
aud an entire suspension Of payments on
the debt"
The admiralty made an urgent reqnisi.
ton on the contractors for manufacture
ing picks and shovels, and demanded to
know when they will be ready.
Recruiting officers are experiencing
an increase Of business, and the men
coming in are Of a superior class.
1t was expected that with the close Of
the financial year, beyond which the six
million pounds credit does not run, an
extensive dismissal OF extra men from
WoolWich would occur, bat the war Office
has ordered the extra men to be retained.
only suspendingt the oyer time.
a decree prohibiting the expectation
Of horses from Germany, which was to
have been Cancelled the lst of April, re.
mains 10 force until further notice.
a St. Petersburg dispatch states that
Lord Derby's resignation Of the foreign
otice was a complete surprise and
caused an immense sensation in official
circles. Lord Derby, says the dispatch,
is reproached for having misled Russia
and England by going as far as he did
in a direction which he disapproved.
a Vienna dispatch says that in coase.
quenee OF Lord Derby resignation and
the calling out Of the reserves. Austria
has ceased her efforts to effect a com.
promise about a congress, feeling as.
sured that Russia will not yield to
Englsnds demand now, when doing so
would seem somewhat like submitting
before q threat; but what may not be
possible now may become so later.
AS the interruption Of negotiations in
regard to a congress and an order for the
mobilization Of the reserves in England
need not be followed at once by an &C.
iusl collision between the two powers.
the conviction may be forced upon them
that, after all, the congress offers only a
possible chance for q peaceful settle
ment.
The impression is hat whatever may
have been originally the object Of Gen.
lguatiefs mission, be has confined him.
SELF IN fact, to giving and receiving in.
formation, and returns to St. Petersburg
to report what he bas heard. He prob.
ably discovered that Austria IL too an.
xious for European condemnation Of the
treaty Ct San Stefauo to enter into n
bargain about with Russia alone, which
would seem to have given it Austrian
sanction Moreover, General Ignstiea's
later declarations indicate that after
ne had communicated the feeling hero
70 st. Petersburg he received no
instructions which forbade him to 20 50
far IN the direction Of concession n
Austria as he at fret expressed
himself inclined. This wa, proba.
bly, because, after Enaland's deter.
minaiion singly to resist that part of the
treaty unacceptable 70 her, il was hardly
q worth while for Russia TO surrender that
3 large portion Of it unacceptable to Aus.
I tria without knowing whether she would
be able to maintain any Of it or not.
The peace at any price tendency, bow.
ever, is still very strong in Vienna.
Herr TEXAS visit here was arranged
before Saturdays demonstration in ,be
r Hungarian diet, and is not therefore n
consequence Of H. but it may be am
3 posed that Tisza will take the oppor,p.
e nifty to represent 70 couai Andrassy ihs
q state of public opinion 10 Hungary.
; CoSsTAsrSoytg. April Grand
J. Dike Nicholas had q tao hours inter.
t view With las 'aliaa saturday. onop.