The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-02-02
,sssed msA sorsy tried in his dark hour, graped tho

rassed meh, rorey tried in his dark hour, grasped the
solution Of self murder.
Ine following from the Valparaiso Frtce Crrren Is OF
importance TO the commercial community doing business
with Chile
Tue Minister OF Finance recently addressed despatch
70 the Tribunal OF Commerce. asking for the opinion OF
The commercial body upon the difficult question OF the
seimposition Of the customs duties meeting was
consequently held In the Exchange rooms, the Goth
inst when Il resolved pretty unanimously that the
Duties both import and export should be reimposed with
notifications. The Minister OF the Custom House pro-
posed that the import duties should be fixed at ten per
Cent obdrres trough goods and those usually SOLD by
weight and at twenty per cent on all other goods put
Of course, this will be matter to be decided by the
Minister Of Finance Another proposition was made TO
establish the Custom House and the bonded warehouses;
In Santiago which must also be left with the Minister
From the tenor of the Minister'S despatch 1t might be in
fered that he would have preferred that the opinion OF
the merchants should be against the rempostion OF me
ut,es or at least that he inclined to that view Of the
But how he would propose to make up for the de-
hcency Of income which the nonreceipt OF the duties
causes we do not know; and we believe that u would be
extremely difficult to impose any tax In this country
which would produce the same amount as the customs
There can be no doubt that remposon of the duties
will great deal of trouble and inconvenience and
loss but Is equally true that there as little
Justice in admitting goods free OF duty while there is
large stock Ia the Custom House which cannot be taken
out without paying full duties
In either case injustice must be committed; and
when consider that fully onehaf of the entire reve
Of the country derived from the customs and that
other tax can be imposed which would be so easily
borne produce the amount 1t seems to US that
the remposition Of the duties is inevitable necessity
This movement to reimpose duties meets with some
opposition The Aercui0 Is down upon 1t and thus refers
TO the matter: hope the government will abstain
from the adoption Of perncious as the res
torton of Customs duties under the present circum
stances could hardly fail to be- and that keeping in
view the fact that the suppression Of these duties has
proved the most eflcacious that could be de-
sired for rendering blockade ec AIRED by the Spanish
admiral llusory well as the most expcdient scheme
for encouraging production, fostering commerce and
dssipatng the panic that has almost all those
who live by their work, 1t will maintain such temporary
suppression Of duties during the existence OF the
FINANCIAL AND COMMERCIAL REPORT.
The commercial movement has been considerably ac-
tive all the unbockaded ports Importations have
been abundant, account OF their admission free Of
duty and the vessels that have arrived at these ports
with cargo in ballast have scarcely been sufficient to
load the plentiful stock of national produce awaiting
facilities for expectation 1t may be said that the cereals
remaining In warehouses from the last harvest have
been completely cleared of, from the greatness OF tho
demand for Australia and other markets which tempt
There has been large demand for copper occasioned
by the anticipation Of the rise in price that naturally
would take place in England on the arrival of the news
OF the blockade of ports that mining operations
have in great part recovered their normal activity and
vigor As the news Of tina last steamer has confirmed
she expectations OF RISE there has arisen an active de-
mand for the article and the holders obtaining good
prices. Previously to arrival Of this mail sales were
eu at ST. placed in fapSdo 500 placed
In the Caera station equal to ST. in Papudo and 356
qqs in Santiago at $40 TO- Since the arrival of this
mail we have heard of transactions Owing to the
In price In Europe holders look for proportonate
advance here. but there few buyers over ST. There
has been ono OF 1000 qqs regulus ut Axe per unit
deliverable in Tongoy No transactions reported in
Two questions have greatly occupied the minds of
merchants, agrcutursts and miners, from the close
The first is If the banks will consent to emit notes which
shall not be convertible until June OF 1867, as the law
recently passed authorizes them to do and the second
consideration is the expedency or not Of restoring the
customs duties a.
AS to the first tas been Justly observed that avail
Of the power conceded by the law would be dangerous
Of credit which would expose the notes TO those dis
turbing and ruinous fluctuations 70 which paper money
Is subject the note emitted under the conditions OF
this law, besides suffering the depreciation that must
Affect account OF the remoteness Of the date fixed
for its ersion would be exposed to still further de-
probation because Of the inprobaby that the national
exchequer will, on expry VI the term be in condition
amount for which bills have been emitted which has TO
be lent government, without interest, by the banks
Besides this further emission Of notes Is unnecessary
owing TO the extensive importation OF foreign money
principally Peruvian sotes, which tho bankers and mer-
chants have agreed 10 receive equal footing with
shat Of the country there felt no want Of circulating
medium. .
The coming of General Fitzpatrick is anxiousy looked
for great things expected Of him from his brilliant
record.
In summing up regarding Affairs in Chile II is safe to
say that the commander Of the Spanish fleet will be
satisfied TO act che defensive until he Is heavily re-
inorced has further instructions from the home
eminent What the Chileans will attempt we know not,
but II thought that every effort will be made against
the spanard before he is again able
sive. II this is the case they must work quickly, for
there ID no time TO lose.
Tho treaty Of alliance offensive and defensive, be
tween Peru and Chic has been signed and ratified, and
Will beyond doubt have the fu particulars by next
steamer The proper term FOR this treaty is simply
declaration Of the part OF Peru against Spain,
which We knew would como sooner or later; and now
u IL but a matter Of time before Bolivia and Ecua
will make the declaration thus you will have
Nil the republics OF the west coast involved In this wal
against Spain, which will be protracted one II that
government insists upon carrying out It's demands as
hid down by the late Spanish admiral.
Tho Of the determination Of the Spanish govern
ment 10 make It "war to the knife, which will 60
down the coast by the steamer Of the 2lst will only
70 brighten the energies Of The people Of Chile and
sblo the Spanish feet rapidly possible, before the
additional ships arrive, and you may expect To heal
OF stirring lines and thrilling incidents before very long
1inds Of devsh inventions let loose that our late wal
has brought to light that will give Mr. spaniard moro
trouble and annoyance than he bargains Tor
Al Callao every preparation has been made 70 keeT
shc Spanish ncet al respectable distance, gv'
Zoo near. some q the heaviest and mos, servcesbI,
ordnance Of modern times has recently been mounted
capable 2, sne ars =, .ne
blank range and there more OF them than most per
know Of the spaniard suspects should Commodor
Nunez wish to try his hand nj gaining decoration by
attacking Callao, he, In my very humble opinion, viii
have very nasty piece OF work. and one that VIII com
r. him 70 return very extensive butcher BILL
Az you win Sec all the lighting must be between ship
and shore batteries The spaniards cannos and VIII no
dare land for they would be used up instanter
Then with every OF procuring supplies cut on
except such their transports obtain at very dis
tant points the position will be one Of great dicu
for them and an expense that the Of Spain
not stand for lengthy period Herein lays the grca
hope and strength Of the South American republics an
trouble that Spain In her rasbness does moi appear
have counted upon. However, the ball will soon b
firiy In motion and we wait TO see who can dance th
longest
nrApoR BOLIVIA ruE CENTRAL AxrucsS srArrs
From the two former there 10 nothing whatever OF in
terest and the remark will answer for the latter
Tho steamship Guatemala that arrived on the 10Th inst
brings US the Information that tn recent heavy norher
gales which have prevailed on the eoas. o. Cent d
America have seriously damaged, not entirely ruined
the cotton crop OF Sal, ador
Political Affairs very quiet, although II IL though
that the position OF Duenas Salvador Is extremely
certain. The feeling about Barrios and. his murder
although making no outward show at present IL nc
dead by any means. Rctrifuiion will come sooner o
iaer, aud when the uprising takes place MI Duenn
may learn what death Al the hands OF exasperaio
people means "A he mcted out justice 50 II Will
melted out 20 him.
In the Spanish American question the Central Amer
can republics will doubtless be lockers on for they
a.. ~ No material aid 10 their aoutheru hrcthrpn