is worthy of notice that Russia does not appeal, as Austria has recently done, to the moneyed enthusiasm of her own subjects, stirred up by the stimulus of bayonets and prisons; but this shows only the greater confidence which she has in her credit abroad, and the greater sagacity which she possesses in raising money without embarrassing and therefore without disappointing the people at home. Baron Stieglitz does not propose to retain one single kopeck of the fifty millions for the Greek, Sicilian, American, Polish, Livonian, Tartarian, Siberian, and Crimean sympathisers with Russia, but distributes seventeen millions of the loan to Hope & Co. of Amsterdam, the same share to Mendels-sohn & Co. of Berlin, and sixteen millions to Paul Men-delssohn-Bartholdy of Hamburg. And, although British and French houses do not, for obvious reasons, court a direct participation in the loan, we shall presently show that indirectly they contribute largely to furnishing their antagonists with the sinews of war.
With the exception of a small amount of five and six per cent. Russian bonds negotiated at London and Hamburg, and of the last Russian loan which was taken up by the Barings, Stieglitz of St. Petersburg, in conjunction with Hope & Co. of Amsterdam, have been the principal agencies for Russian credit with the capitalists of Western and Central Europe. The four-per-cent. Hope certificates, under the special auspices of Hope, and the four-per-cent. Stieglitz inscriptions, under the special auspices of Stieglitz, are extensively held in Holland, Switzerland, Prussia, and to some extent even in England. The Hopes of Amsterdam, who enjoy great prestige in Europe from their connection with the Dutch Government and their reputation for great integrity and immense wealth, have well deserved of the Czar for the efforts they have made to popularize his bonds in Holland. Stieglitz, who is a German Jew intimately connected with all his co-religionists in the loan-mongering trade, has done the rest. Hope commanding the respect of the most eminent merchants of the age, and Stieglitz being one of the free-masonry of Jews, which has existed in all
