The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-26
EU r o p E..
The Public Works and Corporate Money
Debts of the City of London.
Parliamentary Parties and M.
ROchefOrt's Position in Paris.
ECumeniCal Councils and the "FirSt Council
Of the Vatican"

our special correspondence and mail reports from
Europe supply the following interesting and ex-
haustive details Of cable kilograms TO me 18th OF
November.
or the municipal finances and resources OF the
city OF London and the debts or the corporate body
1t is enough to publish the following remarks from
the city article OF the London Times OF the 18th OF
November
IL Is reported that the e. 900 loan contemplated
to be raised by the metropolitan board OF Works
under the bill OF last session will DE In a four
per cent ana not three and q half per cent
stock, as was at first rumored. The existing debts
OF the Board are about fS,000000, aud they
require f2,0O000o In addition, thus raising their
total Liabilities To flOOoO,0J0. This amount, &C
cording 10 tie PROVISIONS OF the bill may be const
tuted In the shape or consolidated stock or annul-
ties, charged ndlnerently on all the securities and
rating powers mentioned in the acts hitherto
passed authorizing loans, so TO establish one
fund for the interest and redemption OF the whole.
1t may be called the "Metropoltan Consolidated
Stock,n and is 10 be issued at such price and times
as the Treasury may approve. The Public Works
Commissioners may MAKE advances on the STOCK.
ana the National Debt commissioners may, IN IKE
manner, select IL Tor investment ior Inc savings
banks.
A London letter OF November 10 SAYS
Yesterday morning his Royal Hgnness the Prince
OF Wales accompanied by Coudt IleicLen and
attended by Captain Ellis, proceeded 10 windsor
Great PARK for q days shooting on the royal de-
mesne. His royal Aignness lett London by the ten
minutes past ten A. Nj. train from Faddington on
the Great Western line, and arrived at Windsor
ABOUT eleven O'Clock. Here caGf-d-bd1lc, drawn
by four horses from the royal news, was in attend
ance, and the Prince OF Wales at drove 10 the
forest. The regal party included the Prince OF
Wales, Prince Christian, Count Geichen, Viscount
TOrrenton and Captain Ellis. and enjoyed some first
rate sport among the pneasants, hares and other
game IN the We'll stocked preserves around her
Majesty's Flemish farm. Having made some excel
lent bags the Prince OF Waes ana his party drove 10
Frogmore House, where the lliustItous sportsmen
were entertained at luncheon By their royal Hlgn-
nesses Prince and Princess Christian OF Schleswig-
Holstein
In the Glasgow Bankruptcy Court an examination
was held in the sequestration OF }. W. Anderson &
Co., merchants aud manufacturers, Glasgow and Bel
fast. The principal partner OF the firm stated that
the debts amounted to ESQ, ESQ with additional pos
sible reclamations OF fl650O, and the assets to
f20,2S7 showing deficiency OF f76,46S. on being
asked to account for the deficiency he stated that his
books had been IN possession OF o committee OF the
creditors for time and that he mad not had an
opportunity OF furnishing the information desired,
but that he would make up q statement il allowed
time. The examination was adjourned
According to the MOSCOW Gazette the total amount
OF contributions poured into the Russian Treasury
is 2s6,ooOooo roubles OF this sum So 0Oo, 600 are
derived from direct contributions, and lss 600 900
from the duties levied on articles OF consumption
and other indirect sources. The amount derived
from direct taxes is nearly all supplied by the capt.
tation tax, the proportion furnished by this tax
being eighty-one per cent OF the gross sum. The
Gazette observes that this state of things not just
and It. therefore, proposes to substitute modltica-
ton In the manner IN which Is LEVIED by dividing the
population into classes, or, IN other words Dy adopt.
Ing the principle which the income tax n levied in
this country. The Gazette also points out how the
national revenue might be increased by more
extensive imposition OF stamp and other duties OF a
similar kind. OF the amount derived from indirect
taxation l31, oOO 900 roubles are contributed by the
excise duty on spirits, and 11,50O,0oO salt The
sum paid by the peasantry located on the State
domains Is at present 35 600 900 annually bat this
win go on diminishing by year lntil it is ulti-
mately extinguished in consequence If their be.
coming freeholders.n