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


letter from Madrid, in the steele has the follow
Perhaps YOU have heard of Captain LAGER. He is
q man becoming famous throughout Spain, and be.
fed with the adjective bizarre (gallant, which mas
hitherto been the properly OF Admiral TOpete. The
manner in which the captain Is in . fair way 70
descend to pOsterity Is this:-It was he who with
his vessel the BuOnaventura constructed for Carl
baldi Ia 1858, went to the Canaries to convey the
the revolation,S as Is said here; but, referring
TO the Spanish deficit and the imposition
OF new taxes, the 9. courageous sailor has
possess 10000 douros (dve frrncs eachJ; / am
willing to give 500 to the nation. There are a MIL
self. Let each one contribute In the same fashion
and the country will soon have IN her treasury
o0,0O0,00o This suggestion Is going the round Of
IT, Journals, 10 discussed commented ON and finally
approved Of The financial question Ii the one that
makes itself ielt In the most pressing and painful
manner possible The Ministers turn around II with
the Soidest Of them would be frigntened to face his
FSneroa have the courage Of the roya:s Gonzalez
Bravo and OF the Austrian Minister OF Finance; let
S Inc Of as
Cabinet. The Revolutionary Club, which has been
founded here for securing Liberties OF all kinds has
issued its programme, to which most heartily adj
n 9ssEssstAs very ''0f' give you some information
A telegram in the London Morning Post, under
date Of Madrid, October 20, read thus:-
Senior FQueroia, the Minister OF Finance has
issued financial statement in which ne estimates
the deficit 600 reals attributing IT to the ne
cessity for extraordinary pendture LII consequence
Of the prevailing distress and the want Of work for
the lower classes, although he says, the government
does not acknowledge the right OF the citizens to be
provided with work by the State. This statement,
which enters into full explanation Of the real state
OF the finances in Spain, Is accompanied by decree
opening public subscriptions to loan Of 100 900 900
crowns, Issued in l.sbo,0O0 Treasury bonds, bear
ing six per cent interest. The issuing price 50
and the interest will be payable ON the 30th Of June
and the 31st Of December, reckoning from
the LIST o. January, 1892 The redemption OF the
loan viii be by drawings and will commence In 1869
and terminate In 1855. The loan Is guaranteed BY
pIgarts on the Church property and crown domains
to the amount OF 2,1l0,O0o,0Oo reals. Before the
first payment OF interest IL due the government Will
deposit at the Bank OF Spain sufficient amount OF
pngures TO guarantee its being met, and will subse-
qucnty deposit further pdglres TO the amount oh
tained from the sale OF Church and crown property.
The subscription VIII open the 18th OF November
and will close on the 25h at Madrid and throughout
spain, az Paris, London and In the colonies. Pay
Inents In advance will entite 10 bonus OF four per
cent. The Minister Of Finance has issued q circular
70 the governors Of the provinces the subject OF
the application OF the tax which Is 10 replace the
octroi duties. decree has been published abolish
ing The restrictions the formation OF joint stock
companies