The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-20


ture Is also unproductive The drain metallic
which 10 thus going therefore, has NO connec
exceptional circumstances do not come under the infu
Of ordinary reasoning They must not therefore,
be considered in : commercial point Of % view.
We publish abstract OF the revenue for the quarter
and half year eniing September 80 II presents salts
factory picture the financial state Of the country when
it considered that Tar advanced in the second
year Of great and most expensive war II the customs
there s an increase Of xsS4 42s the quarter and
throughout the chiefly ON sugar and tea while the
revenue from spirits wine and tobacco has diminish
quarter, which the recent act allowing drawback on
malt and spirits sufficiently explains On the half year
year Of nearly 81 600 600 on account Of The additional
duty matt add spirits The alteration Of the law rela
great decien in the quarters revenue from the stamp
duties. The decrease 10 fl03, 344 Fer the hall year.
the decrease is f4S 4o2 from the same cause although
| ion duty. The increase on The year is sloo472
| but it would have amounted to nearly three hme,
that but the recent newspaper law, which has
enailea loss Of considerable revenue with very pro
blematical gain to the community At large. me hnd
and on the hall year Of Ell io7, owing
ducton-i in rates Of duty We next come to the income
duty imposed for the purposes Of the have fully
answered the expectations Of the government The in
cn he W. whole Year amounts 70 Although
with 50 odous nquioral tax an increased rate
is hardly likely to produce proporionate revenue yet
income has enabled the nation to meet with readi
the sudden expenses OF the last eighteen months
An additional OF between six and millions
sterling year il small addition to the resources Of
the country; could any other tax have provided
with vgor without deranging impeding the Of
trade. The Post Office shows decrease on the quar-
counted for partly by reduction in the amount Of re-
served balances last year. and partly by the payment this
year Of awards for suspended claims Of railway co%Pa
crease Of 124 on the quarter, and OF ISL
on the year.
On the WHOLE it may said that the financial state OF
the country is highly satisfactory. The increase is
greater and the decrease less than might reasonably
have been expected. 1t is evident that has not de-
ranged the diminished the Of the
nation There need be no fear that perseverance in the
policy which the people has approves VII
little influence the steady course Of commerce, or
with little hindrance to national prosperity We may
contrast the return of which I'VE have just given sum
mary with the statement recently made BY the Russian
Minister OF Finance The exhaustion Of the enemys en-
bankruptcies which twenty declared in St.
Petersburg in single day, are gradually convincing the
time the contest he has provoked though he should
succeedln raising loan from the house OF Hope at Am
steram. In the meantime the Western Powers able 10
carry out the principles ON which they began the war
not certainly without sacrifices not without exerons
which are great now and may be increased but without
the smallest fear serious embarrassment With pros
perity unshaken, and which the enemy cannot assai,
they may contemplate without fear the continuance OF
hostihties If the of Europe have been partial
~ deficient the crops Of America have been album
dant and there is no reason to apprehend period of
suffering and discomfort during the ensuing winter Six
months more WILL trust fully suffice for the destruc-
ton OF the Russian power at the mouths OF the Danube
and will open the growing provinces on it's banks to
supply the wants Of Western Europe. The war-to
which the most anguine looked forward bringing
with it period of distress and disturbance-has now
lasted year and half without any realization OF its
anticipated terrors table of the which would
have been satisfactory in time of peace no small en-
conragement to renewed exertions in just cause.
fraIia tOct. A. Correspondence Of the London Tmes]
like that which sent you yesterday, of the
Project Of Police regulating not only the price Of meat
but also the mode Of cutting it up and other details has
Of course been great topic Of conversation to-day
would have maintained struggle for precedence even
some important movement in the Crmea on the part Of
the allies had been officially announced The truth is
that the butchers Of Paris have Dad name for ex
totion and nsolent occaddnce and attacks ON their
monopoly have long been rife English readers will need
to be told that the number the trade In Paris limit
ed TO four hundred by law and many persons maintain
that the proper remedy for all the evils complained OF
would be 10 throw the business open. But the Ioys
gnes that such plan would not in Paris, where
II has already been tried and TAI ed The article of
Partisan contemporary is full in its details that will
enable your readers to understand the evils attempted to
be remeded by the order Of the Project OF Police and
besides curious chapter in social history and polt
cal economics be well worth transferring to
columns Tie writer says
The gives satisfaction to the legitimate
circumstances Of the people alarmed at the increasing
dearness OF meat II respects the rights conferred on The
butchers by the ordinance OF 1922 but it restricts their
profits within just limits it thus prevents the price from
increasing in uDmeasred proportions, and renders ra
dlca change in the system easy, If at future day,
part cannot think that that necessity will mani
fest ITSELF and firmly believe that the best combina-
iionIihe one that will best SECURE the supply Of Paris
keep the just balance between the price OF live
MEATS the present regime Of restricted liberty, com.
peted by the bimonhy tariff. We are well aware that
the tnS.bc Of the enacted Dy the ordinance
of the 18th October 1929, has long been the object
Of perseyering attacks from the absolute partsaus
Of free trade. Economists consider 1t as directly
contrary to all the principles of their science and their
arguments scarcely admit Of reply they
IN IN nm a Bu
theories We think that the suppression Of the butchers
monopoly would give liberty without compe iiion--a
rious and exceptional, but very real phenomenon
will proceed to show In moderate centres OF population,
in towns Of from 20 600 to SOL 900 inhabitants, for in
the ordinary number Of butchers varies from ten
to twenty 1t may be easily conceived that, reduced to
wants Of the public the butchers always more dis
posed to come TO understanding together as to prices
and conditions Of sale than to carry on disastrous
competition. Thus in localities where monopoly does
not exist by right it constitutes itself de Jdeto and
the tariff becomes the only resource which the NUM-
cipal administration can use to put curb on de-
mands prejudcial TO the general interest. At Paris,
where the butchers 400 the mber evidently
With an average consumption Of g. 600 Of kosrsm
mes, each ought to retail 125 900 kcgrammes year,
S42 khogrammes per day but there are certain num-
quenty many who sell much less and hence the dvi.
sion Of the Partisan butchers into two casseehose who
supply themselves directly at the markets Of scc,ux and
Poissy, and those who purchase from their ones the
quantity of slaughtered meat they require The ma.
way and are properly speaking, only retailers at second
hand. Thus, small number Of substantial butchers
exercise the law the market and is precisely to
this influence that the tariff is to form counterpose.
From the London Globe Oct. 81
any one had yesterday morning inquired among the
bankers and discount brokers concerning the value OF
money and the demand for accommodation they would
have been met almost universally with the reply that
the slightest pressure existed that the mercantile
munity appeared to be well furnished with means and
that there rather dimuniticn in the Of pa
per Offering than increase. Some Of the Lombard
street firms would have supported this statement by
ference to what they doing themselves namely,
seeking temporarily to find purchasers for the amounts
at their disposal and which in Of their imme
date wants. Need be said therefore, that they
mostly unprepsred for the adopted by the Bank Of
England though does not necessarily follow that the
Bank OF England acted in with precipitancy.
Measured simply by the facts above referred TO- most
sons would have shared the opinion that increase in
the minimum to b6 per cent was not yet probable.
There are however other and weghty influences
to WHICH under this head auson has been made almost
daily throughout the week, and without any disposition