It appears that the Pashas, who are now, during the
illness of the Sultan, supreme at Constantinople, are so convinced of Mr. Disraeli's friendship, that they even venture to withhold the in- terest on the guaranteed loan of 1855. The Bank of England did not receive the money necessary for the dividends on the 1st of August, and of course informed the Treasury. Sir Stafford Northcote directed the interest to be paid, but asked the Bank to advance it, in order that a representation might be made to the Turkish Government. That representation has accordingly been made, with what effect remains to be seen. There is no particular moral reason for paying the Governments of France and England, more than anybody else, and as for political danger from such creditors, Mr. Disraeli directs the foreign policy of Great Britain.
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