The New York herald., 1867-01-08
I1ss,77l

The London Times or the Goth ult. thus remarked Of
the reduction Of the Bank Of England ateof discount to
three and half per cent
Tho Bank England rate OF discount was this morn.
ing lowered from cent at which it was fixed on the
9th Of November to per cont The return published
night shows that this step could we'll have been
liabilities and the government securities 30 por
In Of the amount held last year. while the bullion
a. the highest e nsn during tho past eight
known. At the same time moro than half million ad-
dona s about to be sent in and the appearance alike
very favorable In this state Of AFFAIRS the fact that the
rate OF per cent could be maintained only through tho
Of the circulation on account Of the revenue payments
and Of the assets Of failed establishments
not 70 Be disresarded In relation 70 the general course
but IL effect Is important 70 all those large classes Of ths
community who have outstanding permanent arrange
ment4 based on tho current bank charge.
Oe.the iast Frsuchrbudgst aIondon journal ssys--
Already the French people are about as heavily taxed
the English, though much less able 70 anord II.
France with population q about thirty eight millions
With nearly Unity millions Of psopis pays so Ooc
sterling Thus, on roagh calculation the amount sf
ns g q nssa - q o. sn
probably much larger than in Fpnos; bat as
lar a. the impsrial revenue is concerned, We Isy
our way, aud seldom add 20 our debt. The
French government has dehct in It's accounts every
year. and Is in the habit Of extnsushng accumulated
y s:ns 9s sss S.:n
national % . debt Of France. which now amounts .
f4ss, 100000. A his wars and foreign expeditions
have not cost more are told, than f10O, 900 900
at the most are left to suppose that the annual de-
Hct in the revenue since 1851 has averaged something
Nike f10, ,000, 600 sterling"
We are informed that the Southwest Pacific Railroad
tractors to place an additional Of fifteen hundred
mon on the work Of construction Of the Gssconsde
rvcr
Tho Pensacola (Fa) Obsa-rer, Of the 10th ut states
that the directors Of the Pensacola Ra road have
tered into contract for the reconstruction Of their road
from Pensacola to s intersection with the roads from
Mobile to Montgomery Pollard. The work Of cutting
cross-tes has already been commenced and according
to the terms Of the contract the road will completed
In Hvs months.
Tho completion Of the railroad running nom CovIng-
son Ky to some point upon the Louisville and Frank
fort Railroad, 10 regarded certain. The Lexing
ton Observsr states that subscriptions 70 the bonds
amounting to 100000 have bccn closed and that
much moro could have boon obtained II necessary.
The financial condition Of Pennsylvania thus referred
to In Governor Curtins annual message:
Balance In Treasury, November 90 1885. $2373 oes
Receipts during fiscal year ending November
20 lSoo............ eS2e dSs
Total In Treasury for fiscal year ending No
Payments for same period have been zsa, sos
Balance IN Treasury, December l. 1855. d, 7Al 0ss
Amount Of public debt as u stood on the LIST Z.
day Of December 1865 81, ,l7o, 25s
Amount reduced ~ the Snte Treas IS ts
ury during the fiscal year ending st I'd q
November 80, 1885, @.t
per cent loan. Isis ,6oS
* per cent ioan... .............. <oVW
Relief notes Observation-Disclosures. 626 -A<9a
Domestic creditors certificates. ~
1854 205
Public debt December I, 1865. $3s Sc, ,osa
TO wit, funded debit
per cent loan. 800, $50
per cent loan. .32, O13. 192
~ per cent loan. 218,200
Q per cent loan, military, per act May 10,
Unfunded debt relief notes In circuleon.. 90 02s
Interest certcatcs outstanding. .130S6
Interest certificates uncaimed... L44s
Domestic creditors' certificates. ............. l1o
Total. .esS e22 os2
Assets in Treasury
Bonds Pennsylvana Railroad Company. So 500 900
Bonds Philadelphia and Eris Railroad Com
pony tsoOVOOU
Interest on bonds or Philadelphia and Ere
Railroad Company ny....................... 1,11S000
Cssh IN Treasury. 1,7A, 90:
Total. Sl3 Og0 O33
Liabilities In Of assets. ......... ~ OILS
Tossl. cas- sa2, ,osa
Liabilities In OF assets Nov 60 1851 42s 600
Liabilities In oEsssets Nov 30 1885,. "a 7536,o15
Improvement In Treasury since Is6l.. e5,e12o41
-sss~ 49, A.