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Evening Star, Issue 3093, 17 January 1873, Page 2

The news from Europe by cable is nob important, if that term is to be confined to a class of events affecting only the world at large. Yet there is enough to indicate that only to improved international fueling is it. owing that no war is anticipated from event- 1 which, in the last century, would have led to angry diplomatic correspondence. As we expected, Russia must either abandon her Asiatic possessions or assert her dominion, and Great Britain has recognised the necessity and acquiesced in the right of another nation to do what would have been done by herself in similar circumstances. It is satisfactory that the insane doctrine of old that nations should fight lest they should be attacked is practically abandoned, and that there is just as good reason to believe that Great Britain and Russia will agree on the borlera of India as on the shores of the Baltic. Just on the same principle, the United States are sending a vessel of war into the North Pacific to protect their interests. Fifty years ago, the whole of England would have been agitated with apprehension, and indignant at the presumption of any country doing such a thing. We dare say just as little will be said as will he thought of such a matter. It would be better for the world if national intercourse could be carried on without such ugly customers, but they are only a terror to wrongdoers now-a-days. The news of a mutiny on board of one of Her Majesty’s ships is something startling, and still the more as it appears to have been an upper crust affair. So rare an event leads to a desire to know the particulars. Have the gentlemen become discontented with their rations and wine, or have they been transgressing the rules of the Navy, and leading the crew to resist authority ? On these points the telegram is silent. The commercial intelligence is on the whole satisfactory, although it looks ominous that a .€1509,000 failure should occur in the face of a cheapening money market. New Zealand secutities (five p?r cent) have advanced to 104], which is a healthy sign. We hope that no fivther derangement of the money market will take place through the short harvest and consequent diversion of capital to purchasing food.