The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-19

an average or 500 900 900 per snnn aggregate Of
Slooo OOo 600 OF bullion; and yet 80 nnremunerai We
are mining opera ions whole that Il would 90 dh-
cult 10 dav To lind Ia that State one Tor each
600 who has grown rich by working the mines
Mining rs today, as 1t always has been, fascinating
Illusion; and complete abrogation OF all taxes
and restrictions upon mining enterprises and
the repeal OF all charges at the Mint, would tend
to develop the country and enhance its products.
The present tax levied upon foreign bullion
naturally drawn to this country for assaying,
refining and coinage amounting 70 one and half per
cent gold and and half per cent on silver, hss
the effect 10 repel the product OF Mexico and British
Columbia, and 10 force them into other channels The
coinage OF money necessity Of the government and
benefit to the entire community, and its expense should
not be borne by the lew who produce the material.
Other governments have long since restricted then
coinage only and II the Secretary or the Treas
ury will with private rehners for an exchange OF
Grade for refined bullion, and throw the small expense
In the reduction OF the price OF gold and the consequent
advance in national securities Will much more than
compensate the loss Of revenue from this
An English Journal in commenting upon the British
trade returns OF last year, remarks
Our account with the United States for imports
thence in the last year shows Mat paid them about
25s per head-msn woman and child of all their popu-
ation; and they paid us, for commodities Of our new
With nearly f47. 000 900 worth OF commodities sent by
the United States the United Kingdom and f2s 900
worth OF its produce sent by the United Kingdom
tho United States the two nations should 600
reasons why they should be friends.
The imports Of foreign and colonial merchandise into
the United Kingdom In the year 1856 reached tho
enormous value OF G295 2o4 553-viz: G222, 997 IT'S
from foreign countries and f72, 206S3S from British
possessions. Twelve years ago the amount but
fI5 053 els 23o 554 from foreign countries, and
E34 l49 400 from British possessions At that time
In 1854, the imports from India amounted to
f1o6T2. 1862; in 1866 they were f36, S97 743. From
Australia they "a, SOL SOS in 1854 ell, 423 26s
COS $40 1888 in 1884, f3l 625 23l in 1885, f37 Ole 575
in lS66nearly eos per head OF the population Of that
empire. The imports into the United Kingdom from
the United States amounted to f29, 302 in 1854
reached Gao $50 5S4 in 1891 fell to eli 6ls in 1854
(f5,000 600 more arriving via the Bahamas and Ber-
mudas and In 1866 to f46 S52. 5S4 The quantity
Of cotton imported into the United Kingdom from
ESQ 057, 440 in 1866.
An official return just printed states that in 1866
the total amount OF the English national debt was
ESQ., s4 o49 OF which 2IT3 229 funded Es 1877
700 unfunded and eel 342 020 the estimated value OF
terminabe annuities In the year the term!nabs
annuites created were flO2 2s3 those expired s79 9a
the value of those reduced ESQ 6i3 obligations
cancelled the Of 81 554 sO0 and funded debt
paid Off to 2,455o6a.
The national debt Of Turkey funded and inscribed
amounts to f73 400 $780, Of this amount 81 has
not issued and deducting that sum- together with
E440 400 which has been paid off by the action OF the
sinking funds it that there remains sum now
due or $780, 40 go The charge OF this debt at tho
present is f367o 23s for interest, and 81 l37, loA
for amortization. What proportion of the nominal
capital debt actually reached the Ottoman treas
ury will probably never be known.