SPEECH BY LORD SALISBURY.

Feilding Star, Volume XVII, Issue 114, 12 November 1895, Page 2

SPEECH BY LORD SALISBURY.

THE TURKISH CRISIS. HEAVY FALL IN STOCKS. fPer Press Association.) London, November 10. The Marquis of Salisbury, speaking at the Gmldhall ridiculed the alleged RussoChinese treaty. Great Britain, he said, was equal either for war or peace, but the outlook was peaceful. Great Britain did not fear being excluded from the Eastern markets. As regarded Armenia the latest news was that the Sultan was still obdurate. While refusing to do anything to culminate its ruin, he had warned the Porte that though the breaking up of Turkey would cause appalling difficulties to Europe, and had hitherto been averted, yet it would be fatal to presume that this would restrain the Powers from acting in some way. He eulogised the unity of the Powers for a common aim in the direction of peace. There has been a general decline on the Stock Exchange, owing to the prevalence of disturbing rumours regarding the state of affairs in the East. j Imperial consols fell to 105^, and colonial stocks declined one-half. Paris, Nov 10. A semi-panic has taken place on the Bourse in consequence of the unsettled state of affairs in the East. London, Nov. 11. The London and European newspapers praise Lord Salisbury's speech. The Armenian towns between Erzeroum and Trebizond are in ruins. The damage is estimated at a quarter of a million. The Governors of the local districts have been ordered to repress the disorder under pain of punishment. The French Minister has demanded the head of the Governor of Diarbekir, and the French sqnadron will hold Alexandretta till he is executed, and as a precaution against injury to foreign consuls. The panic in Vienna is said to have been unequalled for 22 years. Shares haye fallen 100 per cent. The Rothschilds, both in Paris and London, are doing their best to allay the agitation. M. Doumer, the new French Minister of Finance, is conferring with financiers in order to avoid the panic extending to France.