11 NOVEMBER 1871, Page 2

The new Grand Vizier of Turkey is sending up Turkish

stocks• by dismissing Turkish peculators. That is very like brushing away gorged mosquitoes; the fresh ones only bite the harder. As• the Vizier cannot control the Caliph, and the Caliph does not in. the least know that his resources are not limitless, all the improve- ments he can make will not help the Turkish Treasury. He will save £100,000 in the morning by turning out cheats, and see £1,000,000 spent in the evening for a new palace, a new fleet, or a new whim.