The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-14
our HAVANA CORRESPONDENCE.

Banco Espanol, on the 3lst or December last Il win
soon that the amount which the owes 70 th
above named institution is about So 600 600 or th
first Issue Of those precious Treasury bonosn there an
800 Of tho second (slls2 200 sl4s SIN SOS
OF the third tsSo000; OF the fourth s3l 500 and
$lolool e,aS0sl0; Of the ffth ($il4, 500 and foI
account Of outsiden $soS 25o. ss22 $50; the Issue
Department stands, moreover. for s65s 900; total,
$3,S54, 750 The credit side stands a. folows =
Sits Of the nrst series Of bonos 600 Of the third
issue, and tho $685. $50 Of outsdes; total ssIa o2s
Now, dsductng the latter total from the former the
balance Of ''bonos alone is ASA 702 add $l7s 500
debt due by the "Capsnis General" $40 sss by the
Intendenca Of Finance for loans interest
md then 70 got no less than s. $40 tsl actually
owing by the government TO the Banco Espanol dc Ia
Habana That TO say. besides what 10 70 private
individuals for 'bonos In circulation Therefore ia
clear tha although the bank capital 10 only OO0
the whole amount has been disposed Of and $40 &sA
over and above its capital besides which. there
some 81 900 more In circulation guaranteed by the
bank is the custom here to talk OF "bonosn II
there something intrinsically to back them but
such Ii not the ease They would be complete waste
paper the moment that credit aud good opinion
fall them. There are not many Cuban holders Of this
Spaniards who were not born TO be long sighted In
deed several OF them cannot 'see into the middle Of
next week. II the custom house duties, taxes and all
other sources OF always anticipated by
home government and the funds sent home long
before the collections completed In other words
the government is always drawing and RENTING,
what security can there be in treasury sbonos :"
sheet, that while the total amount Of cash was
sOS46S8 the amount Of the banks liabilities reached
$40 s33say s. 900 for the notes in circulation,
and So III S3S for deposits pay able on demand
According TO the accompanying statement OF the cash
balance on hand at all the banks in 1s85-ee we ind
against 81 500 463 tho 30h November thus show
ing decrease difference of 81, 436 l29 without in
Guiding In this comparison the cash In the Issue Depart
nen Of the Banco EspahoL From the LIST Of December
to the 2lst the day OF the panc and to the present
date 1t may have diminished by another two millions.
The OF this great drain IL the government and
this being evident is difficult to understand what the
government wished 10 ascertain from the public, and
why II should hold any meetings OF merchants and
bankers
A SMELLING COMMITTEE
Tho socalied crisis however fortunate
stance, because the government had named committee
OF government employees and lawyers, with the power
| TO make domciary visits and with view 70 decide
the order in which these men of very shallow intei-
gence In matters Of this nature 70 proceed The
public at once comprehended that the object OF these
domciliary visits to gain information what
funds could DO disposed Of and the government urge
the loan OF money on every mail sailing day for SPAIN
in the same way done In the OF the Banco
The Treasury Bonos now offered at q discount Of
in the above statement that the bank has yet been
refunded for the first and other bones; or
other words the Treasury has not yet finished in rs
sAskIse A I'EspAasoa.
the Checks are 70 order the bearer has to 70 personally
70 The banks TO coiees Them and the same from one
bank 70 anothervsty often twenty times IN day-in
invent, why don't they imitates
BAsKRUrTcy
For the time being-and, perhaps I'LL the clearing out
OF the present crop all things may 60 smoothly and
comfortably bur- the future people entertain very
strong doubts; and there are in fact. tmore clear
sighted than the rest who do not believe in ! remedy
and who foreshadow general bankruptcy In this island
Thoy say that as the aggregate income which proceeds
psnditurs now swels to $4,000 ooo Is impossible %
pear to entertain the absurd idea that $50 900
render $lS000,OOO net profit after all the expenses de-
| that the public capital has been rapidly de.
i cning, ana the government has, for many years
past, been drawing away other vast amounts from The
that private individuals have Of late boon
investing their surplus funds abroadf Were those
$50 900 OF contributions and spent the
iry the development Of s would be very diff
ferent; but, unfortunately, such 10 not the case-at
least two.thlrds Of Il 60 70 spsinl
People may we'll say II scandaous that the expendi.
ture Of this island, which, until the year 1slo
eseded S. 900 annually should have quadruplsd In
greater part OF the outlay for employees would only
BE- necessary 20 consolidate =, the contributions into one
Sosas Would Svs So 100000. which, Win the income
1S e1 Then nsrs would BE- no need Of
custom Houses other Administrations ofess Of
country. or the Industrious and OF the govern
ment Very lev Of thorn, st least, ever appear con
believe that unless they are we'll paid for their merits
others than tho government are waiting to give them
better situations.
for circulation the extent OF 500 600 account Of
ths "doubIe'' Issue duly authorized onehalf to be
dated ult and the other the ID inst The
ing OF 'oubie issue refers 70 the privilege IL mas TO
issue double the Of il capital any emergency
Il 70 ths amour. slresdy svslled Of on account
The dividends declared In July last for the first ha
year wsrs:-Eight per cent bsnoo Espanol i've Banco
Bapco Industrial three Aiianza and two Seguros Mari
limos, the Espado having recently declared seven per
cont makes dividend Of neen per cent for the year,
and the four per cent, makes Of nine per
cent The have not yet declared
The receipts or specie IN 1850 only ESQ.,, 900
against s. 31S o42 In 1885 told you OF this enormous
decrease during the shipping season when s,,chsns
The steamer herrimac, which arrived on the 4th.
brought Sos 900. and more will soon arrive now thai
ANNUAL COMMERCIAL NEUTRALITY-SUSPICIOUS. STATISTICS.
In the four warehouses Of Havana the quantity Of
hogsheads against 003 boxes ool hogsheads
In 1857 increase, s32 boxes and o,67e hogsheads
on the 1st Of December last there remained on hand
~ l23 boxes 2ss hogsheads against PAT boxes
100 hogshsads In 1862 Assuming average Of SIS
per box and yss per hosshead the value Of the sugar
$4,000 900
<73 vessels entered the port Of Csrdsnas during the
past year. OF which $50 we're American i2s British ~
Spanish French, and the rest other naga
According TO the Havana ShippnS LAD the number OF
entered at this port last year 1885, against
1850 In 1858, and 1000 In 1854. These represented
compared with 1894 the decrease ID less than S1z
seIs-4322s But sm happy add that the car
ryIng trade has nevertheless been favor Of Amsri
dag. Proof:-In 1884 the number Of American
sells 40. In 1895 II was 900, and in 1860 increased
tons respectively therefore, compared with 1894 the
increase 70 70 vessels36 500 and compared with
1865 consisted In 80 vessss2s 0So toms The number
OF Of all nags In port the s1st Of December
l5s In 1869, It's In 1896. and 105 In 1904
The government has received despatch from che
simperialn Commissary In Yucatan stating that .
tom house had been established in Guadalupe do Ia
FronterA in place Of thas In Ban Juan Bausts capital
Of Tabasco, where the liberals collect duea Another
despatch has been received stating that the full custom
house duties less the international and
Dues now levied In the ports Of ssa and Campeahy
thereby annuiiing the former order by which feduc