New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-13
BULGARiAS MARTELLOUS PROGRESS.

BCLGARIA'S NARTELLOCS PROGhhSH
Bulgaria is quietly hut surely subStantiating
her claim 70 consideration as the most pro-
gressive nationality in the East of Europe Al
though hampercd by many disadvantages and
obstacles. Prince Ferdinand has been able to
establish the Government of the country upon
a sound basis to develop its agricultural and
industrial resources and to build up its finan-
cjal credit Notwithstanding the refusal OF the
Great Powers of Europe to recognize his rule.
he has succeeded in floating Bulgarian loan a,
Vienna under favorable conditions, and a syn
dictate OF Paris bankers is now offering TO un-
dcrtake the construction of an extensive rail
road system in the country. and TO accept IN
payment per cent Bulgarian Treasury bonds
Of course this confidence displayed abroad in
the financial integrity and stability OF the
present regime a, sofia is a source OF much dis
satisfaction to the Sultan, who being unable
to find any one foolhardy enough to trust HIM
with "a loan. naturally views with jealous eye
the readiness with which foreign capitalists
place their money AT the disposal of his Bul-
garian vaSsal At ST. Petersburg too, the loan
contracted by Prince Ferdinand at Vienna has
created great irritation, and the official gazette
protests with much bitterness against Bulgaria :
action in "entering into fresh engagements
while old liabilities remain unpaid
This last insinuation is unjust For the Sofia
Government has managed TO meet all It's own
engagementS as we'll as those contracted under
the former regime with scrpuous eNactitude.
The tribute due to the Porte by Eastern Rou-
melia has been paid each year by Bulgaria
since the latter assumed possession OF the
!
province and Il similar regularity has been on
served with regard 70 the annual instruments
due 10 the Cars Government for the cost oi
the Russian occupation of Bulgaria previous to
1883. In view of the hostility displayed hoth
M -. Petersburg and az ConStantinOple toward
the present Bulgarian administration, the lat
ter would have some grounds for refusing the
continuance OF these payments, at any rate
until officially recognized by the great Powers.
Notwithstanding this foreign drain upon the
sofia eXcheQucr. Prince Ferdinand has also
managed 70 diminish the burdens Of his sub
ect> and 70 effect large reductions in the chlei
taxes. such as those on sheep, tobacco and vine
wards He has found means too, 10 endoW the
National Bank with 100000 francs. 20 in
crease his army from 1000 men to 10000.
and 70 build the Zaribrod Nakarel Railway The
money raised 10y the recent IudN a. ''I'"' -
devoted to the completion of the railroad from
Jamboh to Bourga> and to the construction OF
harbor and commercial port at the latter place.
Under the circumstances Bulgaria'S present
condition must be regarded not only as mos
tlouri>hinc but also Is one OF great promise for
the future The obstacles placed in the path
Of the pucly LITTLE nation by Is great ana
powerful ncichbor> have served only 70 develop
it, latent energies and resources Is official
recognition by the signatory Powers OF Ihe
Treaty Of Berlin cannot much longer he de-
laVnl.