Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-05-03
WRrlike and a FOretaste
of War Rations.
A Hope that Turkey will Break
with Russia.
RETURNS FROM the BANK OF ENG.
LAND DISc0URAGING.

VI IeuuCtion VI wages ne1I week. ABOUT
Eve hundred more operatives have struck
at Preston.
There is a remarkable absence of news
respecting the progress of negotiations
between England and Russia, but the
latest Impressions are more hopeful.
Yesterdays baak of England return
is regarded as distinctly unfavorable,
the proportion Of reserve to liability
having descended to an extraordinary
low figure. The Financier says should
there be an active foreign drain Of gold
the banks minimum rate Of discount
might be expected to leap to 5 per cent.
10 a week. The rate now is 8 per cent.
Though Russia is believed to have Sc.
cured Austrian neutrality, her military
situation in Turkey is now regarded as
exceedingly critical. The attitude of
the Turkish soldiers is reported more
favorable than ever for an alliance with
the English troops,
A month ago the Russian Influence
seemed on a point Of carrying everything
before it, but now the Porte seems more
~intractible than ever, and the Turkish
army is so strong that the threats of the
Russians have bue little effect. The
Turks have entrenched positions, and
are scarcely inferior in number to what
the MuscOvites can mass, SO there not
only can be no question Of surprise, but
even the most serious attack might be
resisted sufficiently long, at any rate I'M.
til help could come from elsewhere. It
is not therefore considered likely that
they will accede to the evacuation Of
Verna, Shumla and Batoam, even to get
the Russians away FROM the %neighbor-
hood of Constautinople.
General Todleben, therefore, will have
to display considerable diplomatic talent
10 the attempt 10 overcome all of the
difficulties, while the conciliatory dispo.
sitiou in st. Petersburg must be strong
not to be worn out by the temporizing
policy which the Turks, feeling the
strength Of their position, will doubtless
use with their we'll known consummate
skill meanwhile, though direct negotia.
-
tons with the Turks for the withdrawal
OF the Russians have begun.
Accounts from Adrianople state that
troops are still moving in the direction
of Tchaldja and the capital, while west.
ward against the insurgents but few bat.
talions and squadrons of Cossacks have
been dispatched.
There 10 no abatement Of the pressure
on the government works. The activity
which prevails in every department can.
not be expressed in detail; this is being
created by the general demand for mum.
tions and stores.
The first issue of preserved meat and
biscuits to the troops at WoolWicb, in
place Of the ordinary r%ations, was made
yesterday. This has been done to accus.
tom the men to the fare which will, 10
case Of war, become their daily food.
The steamship Cimbria, now in Amer.
lean waters, was chartered on the oath
Of March last BY the Russian admiralty
to serve exclusively as a transport. The
amount paid, el4,SOO, the value of the
vessel, is secured to the owners by Messrs.
Mendelssohu. Her principal work will
be to supply provisions and munitions oil
war to the Russian feet in the Pacific
Her present destination, after taking on
board war material contracted for IL
America, is North Japan.
OF the sever battalions Of the yardi
three, namely, First Grenadiers, First
Coldstream, and First Scots, are re
cruited to their full strength. Theit
baggage and arm chests are all ready
and packed for instant removal. Tn,
ranks Of the other four battalions are
being filed up to 1000 strong.
P1RIs, May 3.-Aecording to private
advices from St. Petersburg, Genera
~lgnatisff will be appointed minister With
out a portfolio. 1t is thought probable
that Valonief will succeed Gortschskol
should the chsDcellor's health make BIZ
I resignation necessary.