The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-18
CUBA.

Of the Treasury-New Way to "Raise the
Wind.,'
HAVANA, Sept. s, 1868.
The Banc0 Espahol, by order OF the Treasury De-
hartment OF Cuba has RENTED $2s,60o to the
spanish Minister at Washington, being the amount
Df annual interest DUE by virtue OF the convention
bf 1884 on $780, 900 Spanish bonds, bearing five per
kent--less reduction one per cent for snking fund"
Nhis money goes to American creditors aud the
INLAND OF Cuba Is hypothecated for the debt which,
hs you know, originated from maritime and other
feclsmations on the part OF American citizens and
WAS recognized by the aforesaid convention. / am
Aold that since 1851 this annual interest has been
bent in gold but paid in American currency, or
greenbacks. Who gets the benefit Of this Is more
Than can tell. Iqueston it being the Cuban Trea-
bury, and l suspect it is not the creditors. Yet
somebody profits by it, There is another point that
many would wish to overhauled. 1t Is that
p'sinking fund.- Surely the one per cent deducted
Every year lever since 1880 ought at compound in
kerest to make very large sum by this time. Is it
hot enough to reached the capital Of and ample
10 redeem the total amount Of the bonds Of this
hebtp To Judge, however, by the value of those
bonds in New York NOW rs, believe it would denote
reat distrust; yet, surely, the hypothecation Of all
Cuba ought to be an ample and satisfactory lien for
Ahe SUN Of 100000 The announcement of the above
mentioned remittance has hitherto been made
Through the columns OF the Gdceta Octal about
the 18th OF August; but this time the usual pompos-
ATTY has not been manifested obtained the informa.
ton myself by application IN the proper quarter.
The Introduction Of Florida cattle into this island
appears destined not to see an end TO the ntrigu es
and schemes Of selfish and interested parties to drive
Ithe Americans out OF the trade. Lately these i'm
Horters succeeded, however, in getting prominent
member of the city authorities to investigate the
Faunts and com paints thrown out against the cattle
fnounced them unfounded and that the beef was
splendid the meat being by far better than that OF
Nuban cattle. In consequence this Oflicer assured
She importers that they should hereafter be relieved
Uf the vexaous opposition they have heretofore had
will OF necessity have TO compete In price with the
l,Americans. Thus far, good. But now another
rouble has risen to render the triumph of somewhat
abort duration and to again expose their cattle to
hhe oensure and distrust Of the population. The
alarm and attendant hue and cry raised in New York
land other Northern States by the discovery OF
ISpizoOty and murrain among the cattle from Texas
as furnished the advocates of the Cuban cattle mo-
tDOpOy new and trenchant weapon to use against
the importers OF the Florida bulls and beeveS Moth
Ping has occurred to give birth to fears Of any kind
but entirely founded on ridiculous suppOstions. Al
kShOugh the increased rate Of duty has been enforced
ION American catt. since July j. yet the importers
tfan still compete with the Cuban dealers, and
with the importers from Honduras (Truxillo though
he duty on cattle from that republic is less; the
ION for which latter Is more than can divine.
According to an official statement In the Gdcetd the
testmated expenditure for the present month foots
FdOwn. large sum considering the smalness OF
the territory and the number of inhabitants to be
t'guarded;n but an incCnsiderable one II bear in
knind that the army in Cuba exceeds thrtyfve thou
sand men, and that in appropriations are included
t60me 900 for extraordinary expenses such the
purchasing of breech-loading rifles the extension
lbf the coast defences. The other items nothing
Remarkable but they include s12s,s for new works
ol internal improvements.
Exchange has been driven up rapidly of late, and
lthis Is partly accounted for by the fact that the
tBanco Esnanol had to make large remittances to
Spain in sterling, to the extent Of $3.50 600 or MORE
lowing TO demand made by the Madrid government
ppOn the Cuban treasury of an immediate remittance
lof 81, 100000 There is only about half that sum in
bshe treasury vaults. The authorities here in
such straights to make up the amount that neither
EHver nor notes are admitted just now at the gov.
ernment offices. Even at the stamp Office it Is openly
avowed that gold is what is wanted as they have &c
this cOnjuncture to send nothing but Spanish
In connection with this Strengthened situation of
Ithe Treasury Depal tment must mention that
Snethod is said to have been resorted to of late to
WHEREBY the Of lands and real estate are
Eorced to again pay trbutOs, thes and other taxes
paid from five to fifty years ago. Most people here
paid, concluding tnat II these have been
paid, previous ones cannot be claimed. The officials
Ffave endeavored to show this does not follow, and
ehey have lately practically tested the question with
. large number of house owners. Some OF the pro-
tments, have had to pay the preceding taxes under
protest. Others, having mislaid their vouchers, or
again without denur. while others again paid re-
monstrativey, without entering protests from an
shat the money once paid all representations become
2rutess, and reclamations are made In vain. An
Old resident Of this city, the owner OF considerable
sugar plantation. and was recently called upon to
pay the 'tributos" and tthes OF that estate, which
ere alleged to be In arrear since 1885, The present
Years claimed, refused to pay any other
hf the former owners showed by their books that all
contributions had been discharged up to the day Of
khe sale, 1854. The collectors, however, unheeded
khis and again notified the present proprietor TO pay
pr else produce the vouchers OF payment made by
have demanded the time of the purchase from the
Cenders. The result mas been that an execution was
kenteman. AS the law officers did not find the fam
Ply at home they contented themselves with attach
bng terabarga'ido) his carriage. The party thus
saast tSe Chief OF ths tributary S
Sehor Lara, the Intendente Of Cuba, for this most
has created considerable sensation in the most
spectacle circles, the more SO as the protest was
Financial Department, being the first time that
protest OF such nature has ever been made here
So1 50 g ha 70 SO hss aee ar am a
pn0re serious cases OF complaint against him Tor
Rther arbitrary proceedings, and that, hnding the
bnent, aud intends to embark by the next packet
for Spain, to arrive there before the complaints
reach the Spanish government. To avoid the sur
RENDER OF his office should such be decreedl he has
baced its attributes into the hands OF subalterns.
But the gentleman aggreved is determined to make
III formal Introduction to the departureof the Inten-
dente by proper application to the Captain General
holding Senior Lara responsible as he does for the
Hnurcs sustained by the arbitrary executioni In ques-
zion, which he lays down at $4,000 damages. In
tAeed the gentleman has become disgusted at the
foal absence OF security to property In this island
Mat he has already disposed OF mis- estate for the best
bid he could get consong himself with the fact that
by converting his gold into currency and investing
d In American stock he Will reap more than he could
Dave done had he continued to make sugar by slave
dAbor, the time being without any security TO his
property certainty as to the future OF Cuba.
During the month Of July the amount OF Custom
House revenues collected at all the ports OF the
ISLAND amounted to $685. S9, showing an increase OF
Dl2o z62 that Of the corresponding month last
The hrm OF RaldIris h Co., of Porto Rico, which
suspended few months ago, has resumed business
III Claims having been satisfactorily arranged.