New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-07

e. sSsOOO above the estimates. Moreover. after the
accounts were made mp SOh septenber ls2l5Noo were
STATED by the events of october and Gs1sOOO advanced
by ROYAL decree for public workshence the outgoing IN
cfeases TO COO But from this be deducted
3O3lGOO for the sale OF ecclesiastical lands SO thal ~
reality the entire deficit and 1867 stood 3ls
December 1861 three hundred and ncyOne millions he
hundred and SereIay. four thousand francs. .o "a,
And on further examination II was found that 74G552o
OF the presumptve revenue of 1866 and 1867 had yer 10 DC
gathered in; which enOrlnty the Minister tfeu 70 ~
plain by showing that In the estimates the RENE ~ m
scrbed as sold" whereas comparatively slaH POI W."
is really sold al the expiration Of the financial year
That many really poured into the Treasury enos
and net produce has not yet been established S' &
lOO357oOO the result of the personal propeIy ~, th
the arrcars" were by this time reduced 10 lgo"ouVV
due from the tax contractors ana rom 'T nr The first
nine months of ls6S, but did lot in any way JUSTIFY 'nS
hope. 49,, . ,oo o,- ooo
which, added 10 the already existing dehcit 3gl''%o
gives total Of 5752oCo nor Is ths az NV frcnd
circulation OF paper money tc ilso on Solu - - a. la
Hence Italy compelled to pay her loeE mad,
loses 100000 fr by exchange. Again. me changes i n
in the law of the personal property tahhaNe 9
2360COG the other 100000 tnere Is no sb IrinCs The
deficit up 10 sir hundred ana Muly mW'OHS' o"o ""'
and 6fty-t'co thousand francs Jor 1865 ,,,,,o .ro
After this dismal announcements tIe MlhlSur lo
posed" for ten minutes; then rose Win the soe" PuoS
ton how is this deficit to be ted upi 900 ooo loan from
n ooo o Tic th@ National Bank is bound 10y its stat
utes TO furnish TO the State when summoned so 10 DO
making i'm all sum Of G5sOOoOO0 mako head in the
TO this Il is demurred that credits Of 1867 very
doubtful whether G7GiG COO VIII he realized m 1905 .hat
of personal property may be given up as
lost that G0OOOOO francs at least must be ei III me en
chequer that hence l62C92OO must ne 1ouhu 10 Supply
the actual deficit Of 1868 after the resources OF the
national bank and of treasury bonds have been eh'
But If has long been the custom Italy TO say the
present year with AL its difficulties must be g0t through
best il can let now set 10 work to AVOID tne same
difficulties in he future" SignOr Cambray Dgny made
no
10 draw line of separation between the past ana ihc
future on LIST January 1869 In the estimates for tins
coming wear the Minister showed that II the basis OF
the present budgets remained unalletea ue I
the floating debt woald bring the delct Tor inc Single
How was such catastrophe to be preventedi Before
answering this momentous question:, the Minister
launched into defense OF Italy against the accusations
OF extravaganza and recklessness brought agns nsr W
foreigners showed mat III the hIsl Seal VI wv -.
of the kingdom Of Italy the expenditure ahounteu 10
932000OO whereas, owing TO the dsoIga1en conuo,h
OF the annexed provinces, the revenue ong Ic"0hu
81 100000 leaving in 1851 deficit OF h5,WoNoo nc
showed that in six years the variable e1pehtufe nhd
been reduced from 72 520'62 10 ieoiooJ Hhu ,at !ns
revenue without including Venetanl had augmented
from 5l7,2575H TO ?ls,65o229, ana went on 10
increased revenue had been effected In one year the
deficit would have been exungnlsheu theie ana men u;
But the introduction OF economies on Ole manu- anu VI
fresh taxes the other was necessarily WORK OF umSi
hence the increase Of The DEBT which eoDed WIN We
numborlcss pensions and the subsidies act0iueu oI M
roads The expenses incurred in preparations for war
and ITSELF had brought us TO our preaeh' DISASTROUS
but not hopeless condition
Perhaps this part OF the minister's lecture was the hap
a he OF course forgot 10
various unsuccessful not 10 say stupu anu u's'
honest financial operations" II his brother con,
s&e, the shameful system OF private sales, ana
contracts granted to fayorites, which have helped
10 bring ms to the brink Of the abyss but he
certainly did prove that during years OF unprecedented
expenditure each year something has been done TO lessen
the annual deficit aud that We have at least goody
Of miles 81 railroad TO show for portion OF ne
sum expended that pensions 20 WIDOWS, ofphans' Tue
wounded IN the wars and revolutions, ana TO the dls.
missed servants OF The od governments ~ouid ha'ura
20 on dminishng that IN snort norman tunes "oulu
help TO inauguraie normal state OF aHai NeNcIhe
less the annual expenditure exceeded the annual income
and equilibrium must be established. In ofdf 70 ehect
this desideratnm ms propositions were 49,. ,.o 49,,
second edition Of SIG selas argument IN favor Of the
l1sso s m0cGGto. tax on all grain brought 10 the
mill to Dc sro1n1 rAu t1A aecons TO be cal
cuIaon give gross product Of 100000 and, all ord
MARY bSNs% qaS sS' P' be- S SsaSste& f FOR
The daso III consume. nour already paid % the
result Here minute details OF how this tax 10 bc
collected entered INTO and the following statistics
qycn one huudred mills grind the eleventh part Of all
the grndabe stun In ltaly 900 grind four elevenths;
10000 grind i've eleyenths the other 2oO grind 9nceey
enth different systems must BE- pursued for the
collection of the tax, which need not here be enumc-
rated.
which Is 10 produce 100000 net.
II. Observation-Disclosures OF existing taxation ana
incidental expenses There exist In the state IA tobacco
manufactures, in which 100000 OF Kilograms "a Nl0-
gram Il 80 ounces OF tobacco are manufactured 10y hahd
But 100000 are consumed 100000 accumulate each
wear i'm the magazines Of the state and spoil or are sold
got TO state that the cigars eNocrabe that no
SMOKES them who can help H. and that every one tries
smugge purchase rmuggled cigars from switzerland
He merely suggested the necessity of fabrcating 100000
of Kilograms less per annum OF dsInssng ~ oseTeers
and 5000 wOrnen from the factories, thus sayingIOo
OF francs but of this must be distributed IN the
form Of subsidies 10 the dismissed workneh nnll the
Coming TO direct taxation, the Minister affirmed that
the OF landed property In Italy has 10 De made
afresh and the present tax personal property pro
special manner OF his and TO produce 100000 net
state from which reform i 100000 are 10 be hoped
short by dint Of economy aud fresh taxation signor
Quoted from would reduce the deficit Of 1869
100000 wondrous feat, surely ana any Minister who
could perform 1t would be proclaimed the first citizen OF
But the statement received with ncredulity by the
Left aud with indifference by the Right. II exceedingly
doubtful whether any Parliament would pass the tax on
Dacin0to hated IN Rome, so feared IN ltay The Idea
Of adding 5000 families 70 the thousands ot paupsi VINO
people the peninsula Is not 10 be thought or Reform
OF the organic laws economy IN the Oh me
country has been 80 long promsed tht W., county ~
sick with hope deferred. only the possibility on one
sole income lax" Is admitted and that only by portion
Of those considered competent Judges
The press has not yet pronounced US Vedct on me
financial statement 81 the eXsyndc 81 lorenzo, but
doubt exceedingly that 1t will be IN the least degree
favorable one. go
In my last noted the indecent haste with which The
Government favored by the Ri gt" hurried over IN TWO
hours the general discussion Of the budget oi lsC on
Friday last ON Saturday second attempt was made 10
get tho separate articles voted In special sunday ST.
ling but the members OF the Left finding themselves In
minority, and Quilted tncir pelches so tt te
House was " not in number The OPPOSITION member,
arc crowdng IN few wish 10 take the Initiative ana
resign before the House Is dissolved ana meeting L. 10
be held tonight 10 discuss the question
ON Saturday there row IN me House about lctef
openug at the pOtoicc Two letters, one from Antonio
Meoto the head Of the Genoese Carabncs ta
zo and the reply OF the latter "a the former were Inserted
in the RaaZAi documents, ard Deputy DIVA demanded
explanations MeHahrea said that the affair had not oc-
cnred during his administration, ana pr1essed the NJ
most horror OF 'ampering with tie secrets o the posi-
Ratazz said That The letters III question had come iho
the possession Of the Project OF Genoa but that they
could have been distracted from the posi- ~ he had
issued no orders for such ahstracon that probably some
spy The did the obnoxious word had been the
nedum" and that he rcgionsly respected the secrets
OF the pOst-Ofiicc =. -.
Despite these sancmonons professions no one m Italy
feels any certainty that because nc puts letter INTO me
nosf-ot,lcc IL viii reach its desiatiOn. For myself
invariably register all that Of consequence, and eX