The Sun. — 1859-04-15 (London, England)

LOAN.  The ukase for the proposed Russian loan of £12,000,000 3 per cent. stock reached London yesterday morning, and the subscription lists are expected to be opened in about 10 days. The price is not yet fixed, but 68-1- or 69 is reported as likely to be asked. The prudence of the English, publie will therefore soon be tested. Even if Europe were in a perfectly settled condition the terms contemplated would seem to offer no particular temptation ; but, with the strong conviction oa every n and that before the lapse of another year a war may be witnessed that will more or less involve all the leading Powers, it is difficult to admit the idea. of Audi a loan being floated. As to the course that would be taken by Russia in the event of any rupture each person may form his own opinion. According to a French journal quoted yesterday she would take advant;age of it to wrest from Turkey her Asiatic provinces, and " Queen Victoria, the ally of Austria, would be unable to prevent the conquest." This may be merely a malicious inspiration, but, looking at the question in the most temperate MEMner, we have had sufficient recent experience--to say nothing of the articles in Le Nord—tote aware that the probabilities of her course are not to be regarded with satisfaction. The loan is alleged to be for the sole purpose of bringing her currency into an improved condition, but this plea has kat failed to serve the turn of Austria, and it appears strange that it should be put forward with so much urgency .just at a moment when prospects are most threatening. If Russia is really striving to promote peace she must be well aware that she can make war an impossibility, and that it will merely be necessary for her at the approaching Congress to declare a determination to join against any Power that dares to violate treaties or to threaten the world by unexplained armaments. With the con-. sciousness that in the course of a few weeks she can thus bring everything to a conclusion, why does she not wait to take advantage of that happy period ? The currency of Russia has besn nearly in its present condition for five years past, and a delay of another month could make no difference. Again, it is urged that only a moderate portion of the amount will be required from this country, and that .gradually the whole will be absorbed by continental purchasers. Indeed, it has been stated that in several foreign countries they are already eager to pay a premium for it. If this be true, London should feel grateful at having the preference; yet, it must be borne in mind that in times of excitement or war continental capitalists are always the first to take fright, while, as regards any demand for the stock on the part of the Russians themselves the prospect is not encouraging, since a competing issue of Four per Cent. Debentures, which has already been announced at at St. Petersburg, may be expected to prove more attactive. If these considerations, however, should not excite caution, the public had better look to the experience of all recent loans. Turkish is at 8 discount, Chilian at 21 discount, and Austrian at 3to 1 discount. It was lately pointed out that these results were due to the competition of the two leading London houses, who, relying upon the force of their names, and naturally desirous of securing the commission on such transactions, were too ready to offer preposterous terms. It appears, however, that in the present instance although negotiations were opened with both of the establishments in question, neither of them have proved to be the highest bidders.---Times' City Article.  THE SUPPOSED MURDER AT .R4i2S7.