OCR Text |
Show FOREIGN. Turkey's Fiusuecs. Washington, G. Eu;;euc Schuyler, consul general at Constantinople, writes to the etato department that the public debt ot Turkey amounts to $027,000,000, tho annual interest on which ia $G5,000,0('0, which is more than half of (he total revenue of the empire. The Ia0t annual budget, published in March, 1S76, showed a deficit of $21,000,000. Uuleas great reforms are speedily introduced and care given to the development ol natural resourcos, not oven the present pres-ent amount of taxes can long be raised. There will be an additional deficit oacb year, and Turtcey henceforth hence-forth will be precluded from borrowing borrow-ing money outside. Financial ruin of tho country seems inevitable. |