29 JULY 1876, Page 1

Notwithstanding the absence of Turkish defeats, there is a curiously

depressed tone in all accounts from Constantinople. The Sultan is evidently very ill, suffering, according to rumour, Irons delirium tremens,—indeed the latest telegram from Vienna announces that Abdul Hamid is already acting as Regent,- -and the Divan is hampered by want of money. According to a pamphlet just published by Sir C. Trevelyan, they only found £8,000,000 Turkish Consols—worth, say, £800,000 —in the Sultan's private treasury, and about £1,000,000 in jewels—and of these sums, we may add, at least half were annexed, td meet the necessary disbursements of the new monarch. The Turks, therefore, are dependent on the revenue, which comes in slowly from the provinces not disordered by the soldiery, and have resolved on issuing paper-money, which will only inflate the prices of all articles to be purchased. The rust issue is to be 13,000,000, and the notes are to be receivable in payment of all taxes except customs duties. The device is a desperate one, in a country like Turkey, but it will have this good vesult,—that its effect will be felt in the capital, which usually remains quite comfortable, while the provinces are plundered.