The Powers have adhered to their decision that the Prince
of Bulgaria must accept the Governor-Generalship of East Roumelia for five years. As the Prince exercises all the power of a Sovereign, either his action must be legalised, or himself dismissed; and the Conference, therefore, on April 5th, signed the Convention sanctioning that arrangement. The Prince has accepted under protest, and will steadily devote himself to cementing his authority. The settlement is, of course, a mere postponement of the real struggle ; but the Prince has five years in which to perfect his Army, he can bang or banish Russian intriguers, and, in the worst case, he can but declare himself an independent Sovereign. In 1891, Turkey, which is already borrowing money of the trustees for the Debt, will be no stronger, and it is possible that Russia, having quarrelled with her Imperial allies, may be a great deal weaker. We regret the fate of Macedonia, which is deserted by everybody ; but as regards Bulgaria and Greece, the saying that "if war must come, sooner or later, let us have it later," has in it much wisdom. At all events, the present decision of Europe is for peace, and Europe controls the dominant physical force of the world.
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