New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-06-23

oprrent wears expenditure, il must be remcm-
bered that during the present fiscal year
+ba Daimios were abolished and that all
the;T personal debts were then assumed by
the Government, and most OF these debts have
since been paid. The differences intended to he
drawn from Inonye's letter are false, and he did
traitorous and cowardly deed when he wrote ID.
The immediate effect was that several kilograms
we're sent to Europe and America by foreigners
ordering the sale of Japanese bonds and securi-
ties In three months those securities will be
worth more than on the LIST May. The reaction will
come. There are rumors that lnony6 has been de-
Graded and punished. This is not So The Japanese
Government proudly asserts that the press is free in
Japan and that its freedom shall he respected. Mr..
Inonye is quietly repOsng, after the cares of office,
at Ha-Kou6 Lake-a little wateriagplace 10 the
mountains.
Ibaye inst time to add that the Government has
prepared an answer to Mr.. InOuyGs letter. The let
fer contains complete denial and Tefutation of the
charges affecting the credit and standing of the
Japanese Government, and is is addressed TO
Ivalura the chief of the Embassy, now travelling
abroad. with q request to him to make such use Of
IL as he NAV think best to repair the damage done
10 Japans credit by the false statements OF lnouyc,
have lust seen translation OF this answer but
only on condition that it should not be published.
I can say, without violating any confidence, that
the truth of the principal accusations is denied that
their falsty is proved by facts and figures and that
the concluding paragraph was somewhat in this
STYLE: "Inouy6s memorial having been written
with The design of gratifying his revenge by hurt
ing. with falsehoods, the credit of Japan abroad,
and the statements therein contained beng untrue,
the memorial has been returned to him." This re-
turning a document unanswered is the gravest in
sult that can DO offered to q Japanese official, and
do not envy InouyGs feeling when he received IT.
Another fact also is brought out by the Govern
ments letter The national income in Japan Is paid
in rice or, at an established valuation, money
is taken; but the basis of payment is
Japanese measure OF rice, called koEi.
In making his statement Of the finances Quouy6
reckoned a kOku Of rice as worth 81 20. Tins is
literally true at this time. but it must be remcm-
bered that last years harvest was the most abund-
ant ever known; that rice has not been so plentiful
here for fifty years as il is nOw and that this is the
lowest figure rice has touched for long time Ii Is
not fair in the face of last years tremendous har
vest and the present large stock of rice on hand to
take this bottom price as the basis for making up
financial estimate The income Of the Government
is numbered by millions and tens OF millions OF ko-
lius of rice. This is a land tax and must be pad
first, whatever happens Then, even according TO
Ououy6s own showing, the deficit of SlOObUO
yearly could be very easily made up a few cents
koku would make an immense difference IN the
money value of the revenue IwalSura and the En-
bassy will probably be heard from before long, and
their refutation of the charges viii be perfectly sat
isfactOry.