New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-28

Turkey geographically. politically and
commercially. The existence of a Sc
cret treaty or understanding among
the Balkans has been brought to light,
showing that the present uprising was
not a sudden flash from a clear Sky
but that for practically two years II
reports may be credited, secret prep
arations have been going on, Which
came to a sudden head when the little
state Of Montenegro precipitated the
trouble that has resulted In general
warfare between Turkey and the allied
Balkan States. 'There'll be trouble In
the Balkans in the spring has become
a classic, and its meaning carried ap-
prehension to all Europe. Contrary 70
precedent, the trouble did not wait
until spring this time, but began In the
fall. and soon the world will know how
farreaching this strife will be among
other European powers which are d.
rectly and indirectly interested. Each
of the Balkan States is seeking ad-
vantages in the form Of Increased ter
rItory or a betterment Of strategic
position. Il is accepted that both
Montenegro and Servia desire now
bazaar, which lies between the two
countries. Austria Hungary also de-
sires Novibazar. as It's possession
would mean a closer connection with
Salonica and thereby access to the
Mediterranean. the Suez and the ORR
ent, II will be recalled that at the
time Austria Hungary assumed a pro-
tectorate over Bosnia and Herzegovina
both Servia and Montenegro were dis
tressed. and had they possessed mill
tary strength then they probably
would have fought to prevent the ALL
ance. Bulgaria and Greece have
longing for Macedonia, while Russia
would like everything in sight, es-
pecially Constantinople. Thus II may
be seen that in this tempest among
these little powers there are possibili-
ties beyond the present struggle that
suggest that a far more serious situa-
ton may develop than is now apparent.
The history Of Turkey is filled with
wars and atrocities The Turkish En-
pire was at it's highest state Of i'm
portance from 1920 to 1866. Since that
period II has declined. To Emperor
Nicholas OF Russia belongs the credit
of first referring to Turkey as the
Sick Man Of Europe; this was in 1919.
Turkey has figured in two wars which
involved England; one was the Cri-
mean War, 1896: the other was the
war of 1877, when Russia pressed close
to the gates Of Constantinople and
England sent her fleet into the Oar
danelles to save Turkey, and at that
time only by the wisest diplomacy was
a war between Russia and England
averted. Rumania, which is referred
to as a Balkan state, in reality is not
one, but more properly may be clsssed
as Danubian. It's position is important
from a strategic standpoint, as IL lies
in the way of Russia's advance to the
Mediterranean. Bulgaria Is the most
powerful Of the Balkans, and has been
practically independent since 1878, so
constituted by the Treaty Of Berlin, but
has been under the suZerainty Of Tur-
KEY II has q Christian form Of gov
eminent and has been in a state Of
continual unrest for years. The pre-
vailing religion among the Balkans is
the creed of the Greek Church, while
Turkey is Mahometan. So, In addition
TO any geographical ambition which
NAV have been an incentive to the
present struggle was a religious en-
nifty, which is always bitter. 1t will
be appreciated that the success Of the
Balkan States in this war may not end
the conflict, and it is only reasonable
to suppose that until a calmer period
has been reached In the affairs OF that
part Of Europe the bourses Of the Con-
tinent will not regain their normal tone
and stock markets must be subjected
TO considerable uncertainty and remain
comparatively quiet. Until the settled
feeling has come to Europe investors
will not be displaying marked avidity
for new securities, and this condition
will have tendency TO keep American
issues within a limited price range on
the rising side, as this market has TO
digest all the stocks sent back to us, in
addition to absorbing new issues which
are coming in continuously
The attention attracted to Mexico by
reason Of the sudden appearance Of the
Diaz rebellion has ceased, and the Ma
dero government now holds a stronger
position than at any time since It's as
tendency to power. In the United
States continued trade development i'm
parts a brisk tone to business. and the
is so much absorbed in caring
for the crops. keeping up with the de-
mands OF consumption in all lines Of
commerce and Industry. that the dis
tracting subject of politics so far has
received only casual attention. In the
local money situation there is ten
dency toward higher rates and Con-
traction of loans which may affect the
stock market loan account and hinder
favorable movements toward higher
prices. For commercial necessities the
-