The New York herald., 1867-03-27
Gu B A..
SPECIAL CORRESPONDENCE Of the HERALD.

The situaiion-The Bank siatements-Tho
New Tax Law, &c.
HAVANA March 20, 1867
is all very wen for the press Of this city to endeavor
inspire confidence to the general state Of affairs in
Cuba where very little in reality exists and
nobody can be more opposed your to
creating alarm where 1t strikes at the root Of the
existing evils unless there is useful purpose it.
Nevertheless it my duty to give your readers all tho
information my command and 10 furnish With all
possible accuracy enable them to arrive at some cone
cusion about the coming future There arc so many OF
American citizens in the North who are intimately
and largely connected in the Cuban trade, that con-
the subject Of vast importance. All the PATCH
ing up'' adopted by the press must be eschewed No
regard need be paid 10 whether the gil edged balance
sheets February showed better than those OF January
last, or whether those March look avoaby than
those February. But what we have 70 do is seriously
to compare the statements OF ths year WIN noso o. @
Doio dc la Marina Of yesterday being all the balance
sheets Of the principal banks reduced 70 one ana snG
the true situation the 2sth ult compared With that
OF the February, 1885, shows ut once deficiency
OF in the general cash account and dehct OF
SO O4l SS3 bills receivable. The outstanding debta
have increased by 81 334 $780, while there have been
$40 SOC 923 less deposits in the hanks than at the same
period last year. With these simple but unimpea chabo
data the astounding fact appears that the actual situ
aton compared with that Of the same period last year,
t$ao s62 iSs II is OF little USE therefore you all
the absurd sayings OF cdeuan nancers bankers OF
others, in face Of such document the figures Of which
speak for themselves II went 10 Spain by yesterdays
mail, and it is to be hoped that the auld country
may be altogether devoid of men OF sufficient Ca
paciy and disposition to induce the government 10 ook
into its affairs in the Antilles, and find timely remedy
before II becomes late Matters cannot 90 on in this
way, and high for people to do away with u-
and absurd doctrines which cannot resist modern
daylight .
The new contribution scheme has created more
general discontent than could anticipated. BotA
the Spanish and Cuban parties speak againee me
measure 1t has become theme Of dspeasurc between
classes and clans caseA The general wealth. OF
the island appears 70 have been assumed q follows wheA
the spanish Ministry concoctinG this new seheDe
364 756 260 % the OF agricultural snd cattle
breeding interests after deduction Of nifty per ccne ex
pensss; 7,Ol0O43 for tho r0al estate and town pro-
perty, after deduction Of twenty-five per cent; anG
SlO3. 33S $40 income from commerce and industry
les thirty per cent deducsed-shus assuming .
total Of $780, 133, ,sl2; whereas Il appean by the
municipal tax levy that the frst only amounts g
Sl5 900 O00 the second TO 3l3 6l4 212 and the thr
item TO ssl 900. .000-tota $s96i42l2, or only sooue
oue-haf insisted upon by the home government fes
the only preends In is recent preamble 10
tho deficiency winch tho suppression OF previous
imports will In 1868 only and general income
tax Of two and half per cent was proposed 10 abolish
the custom houses and inland contributions including
stamp duty and the people principally the mercan-
classes) will have pay ten cent Tho
therefore, despite the harmonious sound Of abolons
very unpopular among all classes bus the sugar
planters and other agricutursts, house owners, &C.