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THE "TIMES" ON THE SITUATION. Parliament has scattered itself far and wide over the country, all is still in the halls of Westminster, and the Cabinet are the whole and sole Government of this Empire. Almost every voice is hushed, and there is notbing to disturb the solemnity of the delibe rations on which depend the pence, and perhaps the happiness and well being, of the world. Nor is there anything to call away the attention of thoughtful Englishmen from the distant scene where the great interests of this country are staked, it may be, on their final issue. But we are only one of many countries, races, and communities that share the Rwfu hazard of the die which may any day or hour be cast on the fated shore of the Bosphorus. It ia all the old world that is there assembled in spirit, if not in visible representation, to see who makes the first move. Two powers that, if not the greatest, have none greater-each, indeed, in its own estimate, with- out compare-face one another over a prostrate and agonised form, the wreck of a third Empire. Each claims the absolute command of iks own element, for it is, in fact, the Sea and the Land that frown on one another. At a meeting of waters and continents it is hard to say which has the advantage-that is, which would be able to boast such augury of future triumph as might be found in the result of an immediate collision. That, however, is a matter of small importance, for it is certain a col- lision would lead to a war fraught with every kind of injury and incalculable mischief to both belligerents. In another column will be found an estimate of British resources no less true, we believe, than gratifying to eur national pride. But the moral of these weighty figures is that in the nego- tiations now pending England can afford to show the calmness and moderation which spring from con scious strength. Were war to ensue, each country would persist at all risks as long as its power remained and its resources were not wholly exhausted; and British strength and means would no doubt tell in the long run. But the elements of the calculation are just those on which the world has never come to a conclu- sion, for it has never yet found out whether man is better than money, the land better than the sea, de- spotic better than free institutions, in the scale of war The prospect is hideous even if we could suppose a well-fenced arena, in which two combatants should fight for the prey, secure alike from interruption and with none else to share the prize. It seems certain, however, that some other great Powers are waiting in sullen yet hopeful silence to see what profit they may find in the calamities and weak- nesses of the combatants. Even now, as our St. Petersburg correspondent this morning hints, tIMr Cabinet of Vienna is seeking for a solution on tHd basis of equivalents, which means, of course, that Turkey should be further despoiled to satisfy the territorial needs of its neighbours. Thus the battle that may to-morrow be fought over one crippled Power may the day after be fought over three. Eng- land may fight in what it feels is a just cause; yet, after spending more than we can spare of our treasure and blood, we may find ourselves filling the ditch over which others walk quietly to the common goal of aspirations.

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