THE SULTAN AND HIS BANKER.

Nelson Evening Mail, Volume XII, Issue 206, 31 August 1877, Page 4

THE SULTAN AND HIS B ANKER.

When the ex-Sultan Monrad came to the throne, he had contracted debts to Christaki Effendi Zographoa, the well-known Greek banker, to the of amount £190,000, and he had urgent need of a further supply of money. It was arranged between Nouri Pasha, the Sultan's brother-in-law, and Christaki Eff.ndi, that the banker should advance (o the Sultan a further sum of £40,000, and should receive aa security for his whole debts jewels belonging to the Palace, and valued at £350,000. The arrangement was carried out, and the jewels were handed over to Christaki Effendi, who sent them to his houso in Paris. It is now alleged tbat Nouri Pasha had no authority to make this contract, and thejpreseat Sultan has instructed Kiahni Pasha and Costaki Effendi, to take steps to cancel the contract, aad require Christaki Zographos to restore the jewels. The poor banker, who is in Paris, where is treasure is, does not like to give up the jewels without repayment of the sums due to him. He is not at all likely to obtain his money, and as he is a Turkish subject and possesses considerable property in Turkey, he fears that he will have to choose between the restoration of the jewels and the sequestration of his property. Of course, if he gives up the jewels he will have a right to come upon the estate of the ex-Sultan lor the amount of his claim but unfortunately the ex-Sul-tan ha3 no estate. When tbe present Sultan came to the throne is was alleged tbat he bad paid his brother's debts out of the money wbioh ha himself had saved, and people are now asking what those debts were which Sultan Abdul Hamid paid after the debts due to Christaki Effendi had been arranged in the manner described. The Turkish journals anuounce tbat Christaki Effendi has placed his horses at the disposal of the Seraskiarat. If is feared, however, that this patriotic gift will not relieve him from the process whioh is to be instituted against him. In the last few months of the reign of Abdul Aziz a diamond necklace of great beauty was sent to Constautioople from Paris for his inspection. All those who saw it were astonished at the beauty of the sioues of which the necklace was comppsed. It was said that some years had beeu required for the collection of tbese stone.. The price asked was £30,000, and Abdul Aziz would have paid .he price if be had not been afraid of causing a public scandal. This necklace is now being offered for sale ih London. This necklace came from Paris to Constantinople, and waa sent back to Paris iu a registered letter.