The New York herald., 1872-09-16
The New Budget.

This Official exhibit is OF the most vital imp0r-
tance to the Kings government. Senior Camacho's
budget embraces two financial years-viz., 1912
and 1s72-3-there having been gap OF two years
since Spanish budget was passed. The figures he
exposes are very embarrassing to the Spaniards.
On the financial year 1912 Senior Ca
macho shows deficit of nearly s40 0Oo 900 American
viz, expenditure, 656,0oo,0o0 pesetas; revenue,
469, ,Ooo0 900 pesetas; deficit, 1s7,OOO,oOO pcsetas.
On the proximate financial year. 1928, he shows
deficit OF S27, 75o, ,OOO-namely, expenditure,
662 900 pesetas revenue, 5000 900 pesetas de-
after calculating every possible item Of reduction
and every possible item he can add to
he lops Off thrty-three per cent from the assigna-
ton to the clergy, taxes railway shares and rail.
Official salaries, and adds the legacy and in-
heritance duty and to the navigation Dues Then he
to put @ e
only to sanction the fresh taxes, but also to enact
that for seven years the interest OH the interior
debt shallbe paid twO-thirds In cash and the rest
in paper, and to authorize him to endeavOr to
bring the foreign creditors into the same arrange
ment.
THE pRoJEcr FOR RELIEF.
As q means for immediate temporary relief from
the money embarrassment, the Minister OF Finance,
State paper in the shape OF Treasury receipts,
equal In amount to half years taxes
sod @ to the s on TERMS Of such ad
vantage to them as to make 1t worth their while to
buy and use the paper In payment OF contribu. a,
out 161, 900 OF pesetas In unissued Treasury
bonds, and to make fresh emission OF 100, ,00O, 900
OF pesetas In second series OF Treasury bonds.
The Dimculty With the Holy Sec.
King Amadeus announces that the difficulty
which exists In his governmental relations with
the Holy Sec has not yet been rec0nciled. The
condition OF affairs 49, no doubt, unpleasant. In
dependent OF the feeling which exists in the vat.
can towards Italy, the King Of SPAN inherits the
consequences of the prejudice which was engen.
dered in the minds Of the ruling powers Of the
Holy See by the Spanish provisional government Of
March, 1870 In its action with respect to the dog
ma Of infalbility. On the 1lth Of March, 1870
Amadeus accepted the throne on the 4th of De.
cember 1s7O-the Provincial Government In Madrid
addressed circular, through the Minister Of state,
to the Spanish representatives in Italy and Ger
many, In which he said:-
The notes addressed on the 10th OF November
last to our representatives at Rome and Munich
clearly traced the course which the Spanish
government had determined to follow In
all that relates to the Ecumenical Council.
Faithful to Its principles jealous OF Its authority,
will neither mede in affairs which do not concern
II nor tolerate any invasion OF foreign authority in
the circle Of its action. Liberty of worship being
established in Spain, the State has nothing to do,
either for or against the dOgmas accepted by
the different religious c0mmunions, as long
as they do not try to impose their
sanction or recognition on the legal powers, The
laws OF the Kingdom are the sole common rights OF
oil Spaniards. Whatever Is not opposed to them
Is lawful, and unlawful whatever Is opposed to
them, without regard to its origin. ANY decara
ton which does not emanate from the legis
tive power Is null, and the government
need neither fear nor combat such dec
laratlon. 1t is therefore resolved not to
accept any conclliar decisions which are not in ac
cordance with the laws of the State it Is disposed
to act with other governments In yepelling any In.
reference of the Church with the civil power and
while respecting the resolution which is attributed
to other nations Of influencing the decisions OF the
tends on its part remaining stranger to such in.
fiuence, and faithful to the principles contained In
the diplomatic notes OF November 10 and in the
Parliamentary declarations OF Decemberf last.
His Majesty the King has yet to choose his course
for Rome certainly experienced ill.humor in conse
auencc of the above manifesto.