The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-07-12
LATEST FOREIGN NEWS.
The Nearness Of Financial Crisis

LONDON, July 1.-THE PAU Mall Gazette,
in leading article headed 1.-THE Nearness
OF Financial Crisis in the United States"
argues that "the stability OF the New York
money market depends upon its power TO
continue drawing gold from Europe. The
excess Of exports over imports is not neces.
sariIy sign of wealth. The nation that
always exports more goods than it imports
is nearly always The debtor milton, and its
excess OF exports is needed to pay its debts.
Whether the process Of expansion, by drain
age from Europe, which within the past
two years has added G65, 100000 to the
circulation Of the United States, IS 10
90 on depends upon the ability OF America
to control with its produce the markets Of
Europe. The indications are that the
European halvests will be bountifuI, and
that The United States will have to face
great mpetition-prObably very low
prices-with an Overwhelming surplus
yield. They might be able to do this, but
81 oud their surplus be. as many allege,
comparatively small, the difficulties Of their
trade may well become serious" The ar
ticle concludes as follows: awe think the
position OF the United States is not any
thing like so secure as the more SAN
gune Americans assume. They are
lust in circumstances where a financial
crisis might develop with extraordinary
rapidity. Some look for such a crisis in
the coming autumn, but we are by no
means certain that it will develop itself
then. Even sbonld things come to the
worst, with their trade credit the bluble
may 90 OH swelling for months beyond the
time when cautious men look for trouble.
Holders OF United States securities, how
ever, must lay their account for serious
financial difficulties much sooner than the
of the wonderful progress Of
three years might lead them to expect"
Abdul Aziz's Alleged Murderers.
LONDON, July IA COnstantinople dis
patch saws lord Duftrin, the British
Ambassador, has twice made representa-
tions to the Sultan in regard to the case OF
Midhat PaSha. TIE latter communication
was coucbeG in Strcng terms. The Sultan
has received telegram from the Ottoman
Ambassador at London, describing the un-
favorable impression produced in England
by the trials of the alleged murderers OF
Abdul AZiz, and implorng the Sultan to
prevent the carrying out of the sentence Of
capital punishment"
The special correspondent Of the Stand.
ard says be learns from the best authority
that it is now quite certain the Sultan Will
the death-sentences OF the alleged
murderers OF Abdul Azlz, and Danish them
to some remote place.
France.
TIE CIvIL-WAR CLAIM OF 1872.
LONDON, July IA dispatch from
Madrid says: The French Ambassador
here declares France is prepared to enter
tain the Spanish claims for indemnity for
The loss sustained by the Spaniards in the
Oran, on an understanding that Der own
claims for the civil wars Of 1872 aad 1876
will be settled.
France and Turkey.
PARIS, July lin consequence OF the
Porte's explanation in regard to TripoIi the
differences between France and Turkey
have been adjusted. The Porte has given
renewed assurances that in sending trJOps
TO Trpoli its sole object was the mainte-
nance OF order Insurrection continues to
be confined 10 the Sax district. Other
parts OF Tunis are quiet.
AID Small-Pox In Ha-
Vana.
HAVANA, Jolly 1l.-DurIng the week end
ing on tue Ssh instant twenty.three deaths
occurred here from yelIow-fsver aud liz
teen from smallpox.