The New York herald., 1868-06-21
.ost, supposing peace declared at

once $l30, ,065, 900
And for every month OF the continuance OF the
Paraguayan further outlay OF at least 81 900
will have to be made taking a large sum which
Brazil has to pay for war, the greater part OF which
results altogether from the grossest exhibition Of
military incapacty IN those generals to whom the
direction Of the campaign has been conflded. How
many months more the outlay must continue no one
ventures to reckon, but 1t seems likely to go until
no more paper money be got into circulation or
until foreign Powers interfere authoritatively.
The debt OF Brazil upon the lst OF May was as fol-
lOws:-
Foreign debt payable in goldl. $685. ooO, 900
Internal funded debt (currency.. 49,. 81, 100000
Treasury bills Interest notes. $4,000, 900
Government paper money a, 600, 600
Various deposits. 000
Total. .s247, ,eoo, 900
penses OF continuing the war six months longer will
raise to nine years yea laying burden l OF debt to the
However, in making up the liabilities Of
the Brazillans, we must Keep in mind that their gov
ernment debt represents very nearly the whole public
debt, as there Is only trhing estate debt" and
county and city debts at ALL so that the s27 OF gov
ernment debt would not be heavy burden to bear
by TO- 900 OF industrious nation like the United
states; and II the debt were funded to pay seven
per cent, as Brazilian funds and treasury bills now
pay an income Of S55, 900 would enable 1t pay
t. way and return TO the blessing OF gold currency
The total Of the paper money circulating In the
empire was on May IL about $4,000, ,o00 or about
S76 900 600 Of paper money $44, 900 900 is govern.
ment ISSUE and $21 OOo bank issue, which Is being
superseded at the rate OF i've cent per annum by
government currency.
The revenue Of the ending year Ia estimated at
$685. OOo and that OF 1s6o-7o at 1000 In con-
sequence Of the taxes voted last year. This
latter should have surplus Of over one million
dollars, II no extraordinary calls be made on t
through further expenditure on account Of the war,
which of course there VIII be. healthy sign FOR
the future however, Is that the revenue OF the
creased
proving the means OF locOmotion by making the
mule roads into cart roads and putting small steam
ers upon the great number OF navgable but unnav
gated rivers OF the lands fringng the sea coast
In Brazil contrary to the United States the inter
nal trade is OF little value compared with the foreign
trade. Ths last amounted IN ls067 Qast half OF 1866
first OF 1857 to sl50,0OOoo0 OF which rather more
than half was exports OF tas s sss Sen exported
by only Great Britain, which took s1s,6oo,ooo In
the imports, however, the United states had only
the sixth rank, furnishing 81 100000 out OF
81, 100000, the importation OF Brazil consisting
chiefly OF dry goods and articles Of luxury which 1t
obtains from Europe.
lowing fiscal Brazilian years were:-
s3175000
1S658. 5,zotVOO
The exports to the United states during the same
years were-
1s64o. .................'....'. ss,S3Sooo
1906. 6.".................... ........... 14ss0oOo
1886 i................... .,..s.....ss loooVVVo
These exports, therefore, show that increase which
in 1865 was due to the sudden demand arising upon
the restoration OF peace, which next year became
steady, and which should increase with the IN
creasng consumption OF coffee and gum elastic IN
the States. The imports from the United States
show diminuton IN lso6-7, due chiefly 70 the war
snd 70 cnange 'ro saes on ong caeus ar 70 surs rne
Great Britain also fell OF from the same causes not
less than ssoooso or a2 per cent nor,s From m
srasii consist Of coffee; cotton, which comes next,
furnishes this year about 10 per cent and sugar IA
10 lApW cent The Minister Of gipapes ~ HQt III