It is possible that, in spite of the apparent quiet
and the high price of all securities, the Continent is upon the eve of important events. Eastern Europe is disquieted by two incidents either of which may lead to grave resnits,—the journey of King Milan to Vienna, and the meeting of the Great Sobranje in Bulgaria. We speak of the former below ; and the latter, which occurs to-morrow, alarms Constantinople, St. Petersburg, and Vienna. It is, in fact, seriously doubted whether the Bulgarian Assembly will consent to allow the pre- sent interregnum to continue. A popular Chamber rarely tem- porises, there is much discontent in the country with the Regents, and the Army longs for some visible head who can reward as well as punish. It is considered probable, there- fore, that the Great Sobranje may act under the influence of emotion, declare the independence of the country, and elect a King, who may be Prince Alexander, and may also be Prince Ferdinand of Coburg. In this event, the Powers, and especially Russia, must act decidedly, and it is by no means certain that they will agree upon common action. Russia may occupy to ." secure her interests," or the Sultan may march troops to rhilippopolis. Either demonstration would involve war, and the pressure on the Regents to do nothing is very strong. They
say they will do nothing, but there is a suspicion that they intend to allow the Sobranje to do a great deal.
