18 JUNE 1881, Page 1

The Sultan, if he only knew it, is in more

danger than any in which he has been yet. The financial rings in Paris, which propel Governments, having swallowed Ismail of Egypt and Mahommed Sadok of Tunis, and found each meal digestible and sweet, is about to try to eat up Abdul Hamid, The French holders of Turkish Bonds have selected M. Valfrey to push their interests, and the English holders have nominated Mr, Bourke, Member for Lynn, with instructions to agree with M. Valfrey. The idea is to reduce the aggregate Turkish Debt to issue price, say, in all, £140,000,000, and obtain 4 per cent. well secured on that. As no security can be obtained, except by superseding the Pashas, the effort will be to supersede them by a Commission, of which we venture to recommend M. Roustan, who has just conquered Tunis and is hungering for Tripoli, as the head. The Sultan will resist, of course, but with the French Bondholders and all the rich Jews in Europe intent on getting four per cent, with perfect security, and the French Government backing them, the pressure will be severe. M. Barth4lemy St. Hilaire has strong views about the necessity of "protecting the national fortune of France," which includes the profits of French speculation. There are men above the Nile cataracts who are being skinned, lost a few Jews in Paris should be rendered "hostile to the Republic."