New-York tribune., 1902-05-22
TURKISH TREASURY EMPTY
SULTAN'S GOVERNMENT FACE To r,,,
WITH BANKRUPTCY.
ENGLISH COMMENT ON FREE cusA-eov,
CHIEFS IN PRETORIA - CORONA
TON INVITATION CARDS
(Copyright. 1902. Rv Th4 Tribuna A,,o,,,.,.-

Copyright 1902: BY The Tribune Assocfa,,o-N
Especial The New-York Tribune by French Cas,.N
London, May %. L a. ma dispatch which
has been received here from ConstantinOnIe
throws a Iurid light on the financial s+rair, os
the Turkish Government. The situation an
parently. is worse than at any time since its
bankruptcy in 1876. The new Grand Vizier. Said
who is man Of vigor and really wishes to got
good work done, doesn't know which way IN
turn. as all branches of the administration ara
dreadfully hampered through the impoverish-
ment of the treasury and the immense accumu-
lation OF arrears of pay. There is good ground
for believing that he is at present contemplat-
ing cOnfiscatiOn of the revenues already ceded
TO foreign creditors. about S15.0O00O0 a year
net This could be done very easily. 1t is like
", however, that Europe would act with unity
and energy in event of such breach Of faith
Instead of relying on paper protests. as in the
case of the Armenian massacres. the French
Government would no doubt put itself in the
forefront in defence of European banking inter
ests. and Germany. with important railway
projects in Asia Minor. would certainly not be
content to adopt passive attitude. Re-
cent arbitrary dishonoring of drafts issued from
Consta ntinOple on provincial treasures is the
first unmistakabe symptom of the coming
storm.
of the Cuban Republic provide interesting read
ing. The expectation is generally expressed that
the infant republic will at no very remote date
be absorbed into the United States on the
ground that the islanders had proved their IN
fitness to govern themselves when they had a
fair trial. The meaning of this Is that few peo-
PIE here ever seriously imagined that the inde-
pendence of Cuba would become an accom-
plished fact. and. although the United States
is heartily congratulated on the fulhlment of its
pledge, most editorials suggest that Uncle Sam
will gladly welcome any opportunity that will
give him excuse for adding the Pearl OF the
Antilles to his property.
Notwithstanding discOuraging kilograms from
Pretoria, the prevailing feeling here is that
peace is still in sight There were heavy buying
orders for consols the Stock Exchange yes
terday afternoon in anticipation OF Favorable
Schallburger, Lucas. Meyer and eleven other
Boer leaders arrived in Pretoria from Vereeni-
ging Sunday night
Invitations for the coronation are issued, and
they do credit 10 the Duke of Norfolk who Is
responsible for the design. The card is about
10 inches by s In the centre is the invitation
in gold lettering. At the top corners are the
arms Of the King and Queen, and round the
card runs deep border, in which devices eni-
blematic of the United Kingdom and Colonies
are introduced into an heraIdic design. all in
]. c. Stewart. the American builder. whose
Iightninglike methods created such a sensation
in this country few months ago. when he took
in hand the completion OF the enormous works
of the Westinghouse Electric Company az Man
chester is again in this country on a similar
errand He has been engaged TO supervise and
expedite the work Of finishing a mammoth hotel
which the Midland Railway Company is erect
ing IN Manchester.
The Toronto lacrosse team left Liverpool yes
terday with parting cheer for England