The New York herald., 1865-06-26

1910 .ao' 7s3sA 1884 ........ 1851 $3.50
Isl3............24,2l60so 1SSS........" sa2 ~
| sf0Ng 1887 7,... ......... 932,07l
RECEIPTS AND EXPENSES IN l8l3-sUBsIDIEs AND
| PAUPERIsA.
The receipts and expenses during the year 1913
| follows "a
Total receipts from all sources. .fl6O o62 29s
Excess Of receipts osa %a 0Su
Stock redeemed. - z4o,Vov
Included in the expenses Of the year 1873 loans
of two millions pounds to Portugal two millions In
money and to SPAIN million to Sweden mil
lion Austria, three millions to Russia and Prussia,
two millions In stores to Germany and four hundred
| thousand to Sicily ha a7RIA n .i..s . 4t'
The subsidies to foreign countries in 1914 amounted In
the aggregate 10 fl04OO 0OO included among what
may termed extraordinary expenses tho government
paid that year seventeen millions OF pounds for the sup
port Of paupers which numbered two millions OF
persons, who totally unable to sustain themselves
| CIRCULATION OF THE BANK OF ENaLAND-THE
| ENDED.
The of tho Bank of England had reached
nearly thirty millions Of pounds aud tho average depre
citation Of paper money over twenty-five per cent,
having at time reached thirty per cent In May,
1914 hostite es between France and England ceased,
and monetary affairs short time assumed brighter
aspect hut
TIE WAR NEUTRALITY-SUSPICIOUS. AND OTHER
| TROUBLES RECOMMENDED.
In the early part of 1915 however, Napoleon again
broke loose, and Europe more called to arms,
and the former scenes of failures and riots in Great
| Britain wero reenacted A London paper, In March,
Just the OF the escape Of Bonaparte from Eba
r,a,hed England contained list of sixty ono bank
rnptcies in week Consos fell from sixty ono TO
| fty-siy, cxchequcr bills shllings TO six
shngs discount, and gold sold at premium OF forty
per cont
ANOTHER LOAN-ITs TEaMs-EH6LAND'5 CREDIT
SUNK VERY Low.
Tho Bank of England had thirty millions
OF paper aGoat and tho specie in its vaults
ducod TO and half millions, and 10 meet the ap
preaching cxgences the Chancellor Of the Exchcquer
called for loan of forytwo millions Of pounds but Par
Lament reduced the estimated expenses six millions aud
authorized in June 1875 loan for thirty six millions
In reference to the negotiation of this loan extract
the following from journal printed at that time
The terms the loan of thirty millions pounds
follows For every hundred pounds sub-
scrbcd tho government engaged to dolvcr in stock
hundred and thirty pounds three per cents reduced Ten
pounds four per cos and fortyiour pounds three
cent consos The dividends upon the three per cents
reduced and the four cents tocommence from april
preceding and upon the three per cent consos ron July
following and the first half yearly dividends on tho
three per cets reduced three per cent conols and four
por cents to be exempted from the property tax Dis
count the Of four per per annum for pay
ments made in full The time OF payment embraced a
instalment in June 1875 and the last March 1915
The day which the loan taken thosc amounts OF
i5s 2Xd This, with the dscoun. for prompt payment
preinterest, &C. constituted what was called in stock
obbing phrase, The "bonus" In consequence OF this
great loan being required the stocks lower the
14th June than they had before been,
offered the stocks given for ono hundred pounds sub.
scribed would have produced in the open market the
following amount
slso, three per cents reduced. ............ Il Is
fl0, four per cents. ..................... o
Total. ..........................flo .flo7 10
The Of the loan had also other advantages
to the interest tho stocks issued Az the interest
on some part OF them actually commenced almost two
months before the loan effected, they had due
principal; and taking the end Of i've months as the
equatcd time of all the nstamens they received for the
first year additional extra interest amounting to about
f1 080 000 That is the interest that paid ON the
stocks issued for tho money the contractors had engaged
pay produced TO them the Of 81 1854 054 and
beyond the interest the money rcaly paid into the
treasury. i
The OF stock created by this loan Of thirty six
millions Of bank paper, which was itself s discount OF
thirty per cent, was as follows
Three per cents reduced. .E46, 900 900
rour per cehts Sou wv
Three per cent consols. lb,s4O,OOO
Total l........................ .f65, ,440 900
PEACE RxsronED-DEBr THE LAR0Esr-PTNANoIAL
CONDITION DEPLoRABLE. 'fi
The battle Of Waterloo settled the Napoeonic struggle
again restored peace England but left tho finances
of the country already Indicated in most dcpora.
BILE condition. The great emigration 10 Paris after tho
restoration Of Louis XVIII the unfavorable of
change the stagnaon of trade the depression among
agricuturists and the mercantile ombarrassments all
conspred to paralyzc speculation and keep down
British funds which, in August, quoted at SOY
Towards the close Of the year. however, revival was
experienced Confidence began to show evidences Of
suscation and three per cent consos feeling the inu
Of reaction 10 sxytwo, and specie declined TO
below premium of seventeen per cont the Chancellor
of the Exchcquer having recommended Parliament to
remove the bank restriction and compel the Bank OF
England 10 10 specie payments by July 1915 In
the year 1916 the national debt OF England culmnatcd
having reached the amount OF Gs9t 900 900,
which would make nearly "a, $50 00o, 900
sTAGSATIoN or TRADE-AGRICULTURALI INTERESTS
SUFFERING.
Although there was certain dogree Of confidence felt
BY the people that the nation would ultimately
difficulties and that the weight OF the debt would
carry credit entirely beneath tho surface still therc
was a depression in commercial circles and stagnation
of trade which IL seemed difficult TO shake or or rcn-
vgoratc This the condition Of things at the com.
mcncemcnt Of tho year 1916 and idea Of the then
existing state Of the agricultural interests and the way
IL affected, may be obtained from the following ex.
tract which take from London poper of March 10,
1876
We have in former papers considered the important
question Of the present Distress and the actual condition
OF the farmers too important not 10 have fallen within
our distinct view. They cannot sell their at n price
10 indemnify them for the rent taxes and cultrva
ton II s totally impossible that at the peace price OF
the farmor continue 20 pay the taxes But
the most grlcvous burden upon the farmer the poor
rates, which In many parishes rs much as ten
rhilllngg In the pound OF the rent that II farmer
pay tl50 per annum FOR his rent hc pays f70 for the
support Of the poor In Huntngdonshire tho clergy.
mon and church wardens waited upon q nelghborng
Justice and after informing him that all the farmers in
the parish but one had thrown up their FARMS asked
who were now TO support the poorS 'sThe next parish
must support themn replied the magistrate "Butu
said they, 'hc next parish is nearly the same state"
To give still more impressive idea Of the distrcss
which the people suffered, condcnse the following