The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-06-17

lfrom tie New York Journal Of Commerce.
The recant financial transaction in London, by which
Brazil effected the loan Of 81 OOO has surprised some
VINO have conioundel the pecuniary condition Of this
country with that of Peru, Mexico, &C. But when we
examine the statistics VI the London money market for
many Years past, find nothing in it excite our won
der Brazil has always promptly paid the interest ON
her foreign debt and each year reduces the principal ut
the rate OF nearly million Of dollars This late loan
has been made for the purpose OF promoting the Internal
improvement to which We recently referred A large
portion of 1t will be employed the Pedro Ii railway
the construction of which, since our last article ON the
subject perceive has been awarded To the American
company In preference TO the English association
When 1t was ma 10 known in London that the Brazil
ian government, through its minister penpotentisry
was ready to receive applications for the loan Of
600 at A per cent, the whole was Immediately
taken at Sc. But that which was surprisng is the
fact that about five tunes the amount was subscribed al
though deposit of ten per cent the total asked
for was required to accompany each letter Trans
actions in the bonds have since taken place at IL
premium.
The of Brazil are derived from three principal
sources and are of Importance ia the order which they
stand, viz Import duties export duties and revenue
derived from the twenty provinces The receipts exceed
the expenditures.
The foreign debt Of Brazil was eighteen months SINCE
Is, 6S5, 800 Her interior debt ut the time
f6, 948 800. Total &12, b84, 700.
When the financial crisis passed over that portion of
the world Bienoe Ayrs terribly saken recent
avic~ from Buenos Ayres state that the losses by fail
uiS are moro IMAM Oe hall The circulating medium
At the same time in Brasil though the orders for the
productions OF the country have not been quite large
the failures have been very few. May not attribute
this contrast and state Of things the fact that while in
Buenos Ayres there such amount of paper money in
circulation that bill bearing upon its face 500 is often
times worth only from SIS to 81, in Brazil years
ago, there $24 900 In paper in gold
and silver which IL equivalent to 81 in gold aud silver
to 81 SO In paper. Such financial condition argues
well for Bax and it greatly to be regretted that while
we annually sell her only five millions Of dollars worth,
buy of her to the amount of than SCI 900 000
Our manufactures better suited that market
than those Of any other country The Braziisns
agricultural and cotton cloth wearing people In
late financial report from Rio de Jaeiro find that in
1855 than fourteen million dollars worth Of manu-
featured cottons imported into the empire but Of
this only few hundred Thousand dollars brought
from our land We need direct communication by
steam with Rio de Janero, which is the New York Of
South America. Since England established her lines Of
steamers to Rio the financial tables of Brazil show that
the between the two countries has increased
two hundred and twenty five per cent in five years We
would that financial statistics with Brazil
changed and our merchants and manufactures the
reape Of large portion Of the Brazilian commercial har
vest. N1