Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-01-25
THE WAR OVER.
KumOred designations Of
Earls CarnarVOn
and Derby.
An ArmiStiCe Probably Con-
Cluded To-Day,
Defiant Tone of the English
Press.
The Conditions of Russia
Accepted by the
Porte.
COnstantinOple not to be Occupied
Other Conditions.
Russian Army to Embark at Con.
st~antiHOple for Home.
COnstantinOpls not to be Occupied
Other Conditions.
Russian Army to Embark at Con.
stantiHOple for Home.

LONDON, January 25.-Consols opened
this morning at 94s, but at 1890, under
the influence Of q better feeling, the price
advanced to IS.
Dispatches indicate that an armistiee
would be concluded to-day.
1t seems certain that the Earl Of Car
narVon, colonial secretary, and Lord
Derby, foreign secretary, have rendered
their designations. Perhaps the formers
has been accepted, though this is not
quite certain. The cause of their resig.
nations was not so much the determine
ton to ask for supplementary supplies
for the naval and military service as an
intention to take steps which will be sure
to lead to war, which Lord Derby and
C~arnarvon are not yet prepared to admit
is unavoidable. If the designations of
Lords Carnarvon and Derby are either
of them accepted it will probably lead to
explanations in the house Of lords to-
night, which will make the whole situa-
ton clear. Meanwhile, exaggeration and
alarm are premature, but the danger is
increased by the motive that this new &C.
ton Of England will furnish Turkey for
rejecting RHssia's conditions.
1t is well known this morning about
the cabinet discussions, and war-like
preparations m through the liberal
newspapers, indicating the intention of
the members of the government to give
public opinion al opportunity to make
itself heard, and the chances are that
a strong anti.war agitation will again
Immediately follow, but the continued
Russian advance and apparent deter.
mination to ignore England have pro-
duced a strong impression, and good
judges believe the government would be
supported in iorcibly preventing the
Russian occupation Of Constantinople.
Government organs show a disposition
to minimize the Importance Of the action
thus far taken. The Standard saws:
THE news that Russian terms of peace
have been made known to the porte and
are now being discussed by it comes Old.
p~ortunely to temper the excitement and
exaggerated alarm that foolish people
might otherwise have felt at the intention
Of the government to move Monday for
supplementary credit. We do not hest.
tate TO say that the mere fact that the
delay OF four days is to elapse before a
motion comes on is sufficient indication
that in the opinion Of the government
the peril against which it is to guard us
is by no means pressing, though it is alb.
solutely necessary that Russia should n
ceive a hint. She has tried our patience
too long"
The Provincial Journal Gays: "The
Duke OF Cambridge, field marshal com
ma1ding in chief, who was visiting in the
country, was unexpectedly summoned TO
London by telegraph Wednesday morn.
ing"
The Daily Telegraph prints the follow.
ing from Constsntinople: The Turkish
delegates have been ordered to sign the
peace preliminaries, and the armistice
will probably be concluded to-day. The
peace conditions, are, stated on excellent
authority, to include the following: Ser.
via TO be independent without compeu.
sationi Montenegro 10 receive Autiyori.
Nicsics and Spuz, and a portion of The
territory bordering on Lake s%cutari,
while Russia is to hold Batoum, Kara
and Erzeroum until the war indempi.
ty Of twenty million pounds is paid.
The Dsrdanelles is to be opened to
Russian men.otwar, and Bulgarian au.
tonomy is to be conceded rather on the
principle Of Lebanon than on the plan
Of Constantinople. The conference and
Turkey are 10 nominate q Christian gov.