The week has been full of rumours about an impending
quarrel between Russia and Austria, serious enough to affect all Bourses adversely. There is something in the stories, though not quite so much as alarmists think. It was reported that General Skobeleff, replying to an address of Serviao students in Paris, had declared Germany to be the enemy of all Slays, and had promised a long and sanguinary war, in which Russia would win. The General declarcetthis report exaggerated, but admitted to an interviewer from the Daily News, in words quoted textually elsewhere, that the Slays would fight Austria, if she continued to oppress Bosnia, and did not retreat from her Jesuit propagandism. There was much religions fanaticism, and even folly, in the General's speech, and it is disavowed by the Russian Government, and he himself is recalled to St. Petersburg. It appears, however, from many evidences, that General Skobeleff described the real feeling of the Slays ; that they are watching Austria in the Balkans with angry interest, and that, as we pointed out some weeks since, if Servia or Montenegro is threatened, they will make a great effort to force the Czar's hand, and declare war. The Hapsburgs are, therefore, moving very cautiously, but the military party in Vienna are determined that neither Servia nor Montenegro shall assist the insurgents without being occupied.
