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Sultan Repudiates Half of Enormous Debt

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Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Dec 16, 1875

FromReview and Herald, Vol. 46, No. 24.

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Sultan Repudiates Half of Enormous Debt

The sultan has gone into bankruptcy, and repudiated the half of his enormous debt. Before the recent revolt in his country his deficit was $25,000,000, and it has been greatly increased by that occurrence. He was given to great recklessness in living, and borrowed money wherever he could get it, and at any rate of interest. English speculators who indulged him are now repenting sorely of their folly.