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Show RUSSIA'S ULTIMATUM. The liuooian ultimatum prt-dtnttd to the porto on Tue-day hydinera. Ignatidf, that unless the armi-tic was accepted within forty-eijfht hour-diplomatic hour-diplomatic relations hetwnon tho twr nations would be suspended, revivecJ the war fueling throughout Europt on Tuesday, and cau.-:! a genera! depretoion in the financial marketa. Although seemingly well founded hopf-s havo been entertained of a pearcful eolution of the pending difficulties diffi-culties at le;nt temporarily, thtre ha: been at all timeu ft doubt in tht minds of thone well-informed oh U Iho actual aituation in jpgard to thr pohrtibility of tliscoveriiig between tin extremes a common ground for the establishment of a permanent arrangement. ar-rangement. Turkey in Kuropo if Kusia's real bugbear, and anythiru Bhort of her practical exclusion will only be regarded by the great northern north-ern nation m limply a tempor.tr expedient. It ii likely that the recent re-cent Turkish miccffwes in Servia an the key to Russia's peremptory demand de-mand for nn immediate decision b) tho pjrle of tho qneahon of the nr mi-itie.o. In tho nvent that tho de mand it not cmip)itl with, thn en larment of the bound.irifM of tin war by the entry of tho llu-ian arm; into the Turkinh provinenn is prob-dblo. prob-dblo. The answer of Turkey wib probably dep' tid (Cmifiwliat upon thi altitude ol KniiUnd and other pnw ers. Tlio Turkish (i'f'i'oent ap ' parfl to bavq grrrnll htipes of peact through intervention, though it mnj loso nothing, in the struggle by an ar ' m tict, Iluiwi alo owes foinetbir (f t the public opinion of Kurop. , fc'thoNh 'Jurtrry'fl l.f k of nil m-b mj. y incline her to t i.i the prrRf-nt o; -p-irtunity tj play an ml veotnroim art. It is evi'lerit tliat Iho pubiio (ptn on , Of llh tiio Mah'i'iined i7) tirul " h 8 avir, world in j ifh -dly warlike, i nd it may prove ti,;it in the d'-ld the two ' people ore- moro maily mati bed f than hai been f';nerally mj.p'ed, ) |