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Alexandria, Virginia
What is this article about?
Letters from Greece dated to March 3 report on Count Capo d'Istria's favorable measures, including setting aside the old constitution for a new government where he acts as Dictator, raising funds via a bank issuing 8% interest notes, army reorganization, interest in Poros hospital, and Ibrahim Pacha destroying Trippolizza. An American school opens at Syra.
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The Count brought with him only about 20,000l sterling in money, but to supply his immediate wants, he was endeavoring, instead of a foreign loan, to raise money by what he called a bank. He had invited the monied men to deposite money, and to receive in exchange notes payable in one year, with interest at the rate of 8 per cent. which notes were also to be received in payment of the customs, and all debts to the government. He has made a reorganization of the army, which is pronounced to be "rational and practicable." The Count had made a visit to Poros, and expressed great interest in the hospital established there by Drs. Howe and Russ. He promised that a debt, due from the late commission of government should be paid, but this at the last date had not been done, and the hospital was without funds. Ibrahim Pacha had destroyed, and was destroying Trippolizza, from which place he had withdrawn all his infantry, and his cavalry was to retire in a few days: Mr. Brewer, an American, had opened a school at Syra. We suppose this to be the Rev. Mr. Brewer, a Missionary at Smyrna.
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Foreign News Details
Primary Location
Greece
Event Date
To March 3
Key Persons
Outcome
army reorganization pronounced rational and practicable; hospital debt promised but unpaid; trippolizza destroyed, infantry withdrawn, cavalry to retire soon
Event Details
Letters from Greece to March 3 favorably report Count Capo d'Istria's measures: set aside old constitution for new government as Dictator; raising funds via bank with 8% interest notes accepted for customs and debts; army reorganized rationally; visited Poros hospital by Drs. Howe and Russ, promised payment of debt but not yet done; Ibrahim Pacha destroying Trippolizza and withdrawing forces; Mr. Brewer opened school at Syra.