The Gentleman's lltagazine for July (Grant and Co.) has a
very in- teresting article by Mr. Hepworth Dixon on " The Three Emperors' Policy." He evidently does not believe in Russia,—she has great armies, but she cannot move them. He speaks, too, some significant words which those who are interested in Russian Stock would do well to ponder. He points out that the act which so greatly benefited Russian credit, the paying of the dividends during the Crimean war, really meant very little. The Debt was then not more than twelve millions, the interest less than half-a-million. What did half-a-million matter, in the midst of such vast expenses ? It was well laid out in purchasing a good name. But can things go on ? The annual deficit, Mr. Dixon tells us, is eleven millions and more, and there is very little more of real check than there is in Turkey. Another article of present interest is "The Revolution at Dolma-Bacdjd," with its speculations on the future of Turkey. There is also a noticeable account of an early German romance, " The Adventurous Simpli- cissimus," a curious picture of the Thirty Years' War.
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