The New York herald., 1879-03-01
7ELEGRAPHIC NEWS
From All Parts Of the
World.
FRENCH PARLIAMENTARY POLICY.
Nj. Leon Say and the Five
Per Cents.
THE RUSSIAN EVACUATION.
Bulgaria and Eastern ROumelia Want to
Govern Themselves.
DTNVNTN
THE RUSSIAN EVACUATION.
TIME DEFEATS WESTON.
iBY CABLE TO THE HERALD. !


LONDON March /. 1870
In the French Senate NJ. Victor Hugo advocated
full and complete amnesty. Minister LIE Roger re-
piled that the government were strong enough to
grant such an amnesty. but would not allow them
selves to be dragged into course they did not ap
prove The proposal of Victor Hugo rejected by
the Chamber.
proposal made by NJ Beringer. which was less
liberal than that Of the government. was also re-
jected The government bill was finally adopted by
vote of 163 to &C.
In the Chamber of Deputies the Right attacked
Minister Leon Say for delaying his statement rela
tive to the conversion of five per cent rentes
M. Say replied. blaming the Budget Committee for
taking the initiative In the matter. His reply caused
loud protests from the Left.
The Pdfre. of Paris, announces that President
Grevy will soon confer with the Presidents Of the
Chambers on the new commercial policy. The Times
Paris despatch says:-"MaJor Labordere. who in De-
cember. 1877. refused to obey orders which he con-
sidered indicative of coup detat. and who
consequently superseded for disobedience. has
just been gazetted to the command of a
battalion. while General Bressolles. who gave
the Objectionable order. remains unattached" A
is q valuable admission that the government does
not consider the Ministry of the 18th of May in.
nocent but merely that their impeachment is mex
pedient and will 60 far to reconcile the majority to
the abandonment of impeachment. La Lanterne
publishes triumphant article relative to the De
Marcere affair 1t declares that. though prosecuted
and fined for its attacks the police, it has gained
Its ends in obtaining the removal Of obnoxious
police officials 1t is expected that the Ministry will
institute further prosecution against La Lantcrne
for libelling M. de Marcere.
THE FIVE PER CENT RENTEs.
NJ. Leon Say Minister of Finance has explained to
the Budget Committee that the conversion Of the
fve per cent rentes would be unpopular at home and
impossible abroad. He pointed out the contingency
that holders Of avo per cent rentes might refuse
to exchange their old bonds for new ones.
The government would then be compelled to
borrow gold from the Bank Of France to
redeem the Ave per cents. Such an operation would
exhaust the bank whole stock of gold and compe,
the government to resort to o forced currency. The
vote Of the Budget Committee yesterday, resolving
to take note OF the declaration Of NJ.
Leon Say. Minister of Finance. that the
government does not contemplate the con-
version of the i've per cent rentes. is expression
Of confidence and leaves it entirely to the govern
ment to take the initiative for conversion whenever
1t deems it expedient. NM. Germain and Rouvier
proposed chat the committee should again ex-
anime Minister Say and. if necessary, take other
measures. but the suggestion was overruled as
Iossibly leading to political and financial
crisis. The Times Paris correspondent points out
that NJ. Leon Says declaration that the government
does not contemplate the conversion Of the I've per
cent rentes leaves the FIVE per cent rentes exposed
similar panics to that which has Just terminated.
ENGLAND, FRANCE AND EGYPT
Paris despatch to the Times announces that
France has consented to act with England for
the reinstatement Of Nubar Pacha. The Khe-
dive has already been emi-oficialy ad-
vised of England's intention, and will be
officially notified of the decision of the two Powers
tomorrow. He will probably submit although it is
asserted that he has been privately encouraged to
resist.
AND TURKEY.
The Russian forces occupied Arab -Tabia on the
second day after the Roumsnian evacuation. and are
dismantling in accordance with the Treaty of Ber
lin. The new Russian note to the Powers sug-
gests that the appointment of foreigner
instead Of an Ottoman subject as Gov
ernor of Eastern Roumelia might obvate
many difficulties. The Times correspondent at Vi
emma remarks that. from the way in which Russia
recommends settlement of tho Dobrudscha
frontier question to the Powers, it is evil
dent that she still sets great store on
the frontier being removed much farther from
Silistria than was decided upon. Russia's desire
TO introduce new administration into Eastern Rou
mela before her evacuation OF the territory looks
rather like desire to prolong the occupation for
period the length of which could not even be
conjectured. Though the evacuation should take
place at the end of two months. tho new statute
for the administration Of Eastern Roumea is far
from completed. thanks to Russian obstruction and
the international Commissions dilatoriness
The Vienna Political Correspondence says the Russians
have taken to Illustrate tho design of the
Bulgarians to burn Adrianople. The Berlin corrc-
spondent Of the Times states that criminal inquiry
into the affairs of the Cronstadt Bank has been
opened The managing director Of tho bank has
been arrested.
THE BULGARIAN PARLIAMENT.
The Arst regular session of the Bulgarian Assembly
held at Tirnova on Thursday. The appoint
ment OF some persons originally appointed
deputies to the Assembly by the Russian
authorities have been revoked. and they have been
replaced by new appointecs. Various Deputies con-
dcmned these changes. md proposed that persons
who are improperly accredited as members Of the
Assembly shall be excluded. Mono OF the Roumelian
or Macedonian Deputies were present at the first
regular meeting. spectators.
THE GERMAN BUDGET.
The German Reichstag commenced the debate on
the budget yesterday. The President Of the 1mpc
rial Chanceere. Won Hoffman, stated that tho deficit
for the current year would be only So 750 Oo0 in.
stead Of S5,0O0.000. as estimated, and that this
would be covered by matriculatory contribu.
tions. The expenditures would be 81, 1,25oOoO less
than for the previous year. of which would
be saved the army administration; but the re-
cepts had decreased 49, 900. II would be ncces.
sary ne said to raise the matriculatory contribu-
ons for next year to O00 and he pointed out
order TO render tho Empire financially Independent
and relieve the individual States from their heavy
contributions The Posts despatch from Berlin saws
the progressists in the eichstag have given notice
of motion opposing the proposed taxation on grain
which will compel the members to declare for
or against protection.
AMERICAN RAILWAYS