The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-27

fIanturp (iuly % Correspondence 81 london News 1
About a month ago ] informed you that the head
partners of some Of our most eminent banking firms
bad been summoned by the telegraph 20 attend q
congress Of bankers at Berlin, convened in that city
by the Emperor Of Russia's court banker, Baron
stieqtz for the purpose OF taking into consideration
government for the negotiation of new loan Of very
great magnitude. Nothing further "a TO the result
bias hitherto found is way into the public papers,
but am now enabled to communicate TO You the fol-
lowing particulars.
The congress was very fully attended by the prin-
cpal bankers and large capitalists Of Paris, Amster
dam, Vienna, Frankfort, Hamburg and Berlin but
they separated without coming 10 any satisfactory
conclusion In statistical paper on the present and
past condition Of the Russian finances, drawn from
official and laid before the congress Of bank
ers Il shown that in the year l7l3 the revenue Of
Russia under Peter the Great amounted TO $500 600
roube annually. in the middle OF the last century,
under Catherine H. II had risen 10 % 0s0 900 roubes
tn 1901, In the reign Of Alexander L. TO $500 900
rouhes; and In 1853, under Nicholas Lit amounted
70 I6,a59Noo roubles, being equal to % roubles
per head of the whole population OF the empire. IL
was further shown that the revenue Is mainly de.
rived fiom tie domains, forests, manufactures and
other industrial monopolies enjoyed by the crown,
amounting to no less than 2zf $4,000 roubies,
whilst the direct taxes produce only SIG 5000
roubes and the indirect taxes SO ETA 900 rouhles.
The ordinary expenditure u 1858 amount 10
297 $50 GEO. Il which sum more than onethrd
Goa 992 900 roGbes) was required for the expenses
With regard TO the public debt. IL was shown 70
have risen from 76s SOS 900 roubles in 1853 TO s33
millions in 1855, exclusive OF Poland and Finland
which have their own separate financial admins.
tratops IL is however, not TO be wondered at that
the national debt should have increased during the
war, when II Ia considered that the sums required
for the exigencics of the army amounted, on
moderate computation, TO Is or 20 millions Of ron.
bles per month.
In Is47 the amount Of the coined and uncoiped
precious metals deposited in the cellars OF the fort e
IL. Peter and st. Paul at ST. Petersburg az security
for the paper money in circulation was lOl millions
Of roubes but at the late revision IT was found that
there was only of III millions really In exist
ence, although there ought TO have been 1879 mil.
lions. No explanation bad been officially given az
10 wha, had been done with the missing q millions
of roubes but there can he no doubt that they were
employed towards meeting the exigencies OF the
war which would also account for the comparatively
small increase in the amount af the national debt
as shown above.
After considering the Russian proposals in all
their bearings the members OF the congress Of capi.
talists came 70 the conclusion that in the present
state Of the Russian finances and future prospects
the security offered was not Sufficient 70 induce tbem