The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-03

showed large number OF examples OF all the gov
eminent facilities for electng its ticket and of
course the provincial elections did not suffer from
their non-use In fact, with only three or four
ceprions, the government candidates had q walk
over the electoral courses in all the elections yet
known, and IL Is now not In the least doubtful that
the January elections for Deputies WIN transfer the
late liberal majority OF ninety to ten conserva
tives into ninety seven conservatives to three be
rails; and Brazilians win continue to proclaim them
selves the freest a. well ~ the best generated ma
ton in the world.
In fact the city elections were 30 grossly and no.
torousy fasied that two OF the conservative oeed-
d0res (cy fathers elected by large malorities re-
fused to accept their Ofices, and one OF them VINO
was to be the party nominee for Deputy to the next
legislature declared that 30 great his disgust that
ne Will not stand.
The New Gold Bond Loau-Bankers and Com
mercial Men Opposed to It-The Debt Of
Brazil-RaiIway nIatters-Amorican Colo.
nists-AIining-Thc Princes.
RIO JANERIO Sept. 80. 1893.
The gold bond loan Of OO0 900 OF milreis, which
was In birth when last wrote, was decrced upon
the 18th and published on the 10th of September.
The following IL translation OF the decree and the
accompanying instructions:--
DECREE NO. 4,s4 OF sxrrEMBEn 10, 1868
the issues Of aSoe s1 ear No
August and looking to the convenience Of reducing the
part q that debt. pe..sd decresN a'' " .uNS
exceeding thirty cond. Of At Price
III asss5a H.
o. sd hs ias s run Af
October hrst NEXT win be six counted at the OF
seven pence the sOoo paid hafyearly within The ars
snnS q SsssS Of e
hed for the interest and amortization Of the osn which
w s T.
~ ss market "a The bond. or csre,s. Of the said loan b
e Sssgntsd BY lot and win be paid At par At the rate
Arr An privileges and exemptions Of the bonds a.
present existing circulation applicable to the certificates
The y.c.nds do I.aborsh Councillor q STATE. Senator Of
and Secretary Of State for Affairs Of Finance. have
Palace j.nero, September Is 1852 for.y.e,.n,h
's and the WIN h e bis
veonde de I.sorahy Prssdens o. National Trs..
MY, execution of decree No. 4s Of this date OrdAn
ARTICLE ]. On The 18th instant subscription aha. b.
ze by said decree and shall b closed the 9th Of October
Aar The certificates the bonds Of the loan shall
.sa .sf b. received " tho national
AFT Each .ubscrber must In the act Of subscription
ihs certificate he sut.cribes for receipt the
xnT The subscribed for up the end of the
H. " 'srs:" 's
.esrsy subscription for the re-
wa S &c ne In the Of those
ART q the loan shall be paid the fol.
is pr p
cent December 10 twenty-five cent, January Ii, 1853,
Ani s Treasury bills, with the respective discount shall
article.
Arr. p Subscriber. who do not effect their payments
within the terms stated above shall pay per In
terest the delay be less than thirty days. this term be
ceeded they shall lose their right the instruments already
ART TO- Acknowledgements similar to those OF article four
shall be given to the bearers of the instruments mentioned
article se en- All the Acknowledgements shall be TRANSFERABLE
AaI IL The s.: p.ymsnt, having been mad: the kIsr
transferable n the Gaia da Amortizacao 10 the bde
ART lit il declared that the thirty three years referred
@ in the cited decree No. %z shall be counted from the
ART IS ihs drawing Of which article three Of said de-
win be made months before eecting the
% Of ne said lunsa punished in
Art fhs po..es:ors q Y. bond. drawn and no. dei
vered within The term h.:d In the sdysrtssmens shall have
Aa IS the redeemed eonds VIM DC inu.!ned IN the
r..
49, III. writing Of these bonds their signature and
AIR H. The government. win no. issue bond. of the
nature Of those treated OF In the foregoing articles before
vIsCoNDE DE ITABoRAHY
In short the government proposes to pay 100 NIL
refs I'm gold, or its equivalent IN paper, within thirty
nualy, for what rs now worth only sxty-three mil
refs, so that an investment OF 100 gold dollars would
draw nine and onetenth per cent OF annual interest
and receive 1853 gold dollars within thirty three years
for the principal The advantages, therefore,
great that II 10 most probable the subscriptions Will
be largely In excess Of the amount now asked for,
but practically the Treasury will receive little relief
as the most OF It Will only be changed from the In.
the loan. However this may be- the national six per
cent bonds, payable In currency have fallen to
csi shares are saisbie at heavy discount from
former rates. The measure Is warmly approved by
the partlsans OF the new government but Is not so
men, Notwithstanding the obvious advantage 70
them Of lowering the price OF gold, a. they think 1t
viii add greatly TO the tightness Of the money
ket which Ii Gripping all classes, including agricu
turists. Conselheiro Zacharias has just published
sn se Se e
or the Empire, who, when In opposition, denounced
the Issue OF paper money az robbery yet dccreed an
sure, and now TO redeem their reputation are Offering
an enormous premium for Q useless loan, for whose
neyonS sssnna WS
out providing any means TO make this paper appro-
priaton efectual ~ the imposition OF suitable AKA
States says that the United states Congress au-
thorized no issue Of bonds without laying on taxes
ton. These last remarks OF senior Zacharias Lit
the Brazilian nail right on the head. The revenue Of
Brazil including the produces OF the new taxes voted
tor souza Franco, . financial authority estimates
the present expenditure 70 be at the rate OF upwards
the current year ending July l. 1ses will probably be
10o.O00,0 600 mreis. The peace expenditure he says,
w sys 70 rise INC Tsr ssr me war from
establishments and the increase OF the amount paid
for interest on loans now amounting TO about
S4 0000 Oo. In this case, irrespective Of provision
for funding the large mass Of paper money aud for
paying OF the floating debt In interest notes. now
600 mlreis 90 900 900 milreis more OF national
income will be needed for the future peace expendi-
ture and how II 10 " be raised no one seems able
~ suggest,
Senator Souza Franco made the debt OF Brazil a.
follows, before the new loan was decreed, taking
exchange at lsd. for the dollar, which was that OF
the day.
Foreign debt &1e7 634, 43s
Internal debt In bonds. 1875 zoo 100
Debt In treasury blls NEUTRALITY-SUSPICIOUS.. So $780, 400
Debt 10 orphans. ACKNOWLEDGEMENTS. 103Sf 500
Dept IN treasury notes. l47s56Sj0
Debt Tor deposits. 2627230
Debt 10 bank OIL Brazil 100000
Iota,; .,srra 800 o2ezoi
: 1Re BreziltAn government has at last determpQ
on ending the lonG dispute With the ST. Paulp Kali