The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-06

Triumph Of the Ring" Hon and Their Calcutta
lions for Working the Account-How I'm
perialim Nay Be Troubled by the
Market Rates for Grain-Paper
Money in Puzzling Variety.

YOKOHAMA, June g. 1878.
The bombsher which was recently thrown into
the government camp in the shape OF manifesto
from moye the Chief OF the Treasury Department,
has created no little excitement. 1t has been
copied in all che Japanese newspapers and
widely discussed by them. Every Japanese who Is
anybody, whether ne Is connected with the govern
ment or not has talked about It, and, In fact, is
still talking about It, So great has been the storm
raised that the ministers VINO signed the document
have had to dlsavow their intention OF publishing
It. They state that 1t was intended for the govern
ment only, and that some inferior oficer In the
Department took copy OF it surreptitiously and
gave IL to the japanese newspaper. But this as
sertion won't do. In the first place two versions
oft have been published by two different news
papers-one evidently the original draft and the
other an amended copy-diiering however. but
very slightly. In the second place. 1t is not likely
that any inferior would have taken the RESPONSE
bility Of publishing document without the con-
sent OF his chief. The document has been returned
70 the two signers with some remarks appended to
Il, which remarks give further on. 1t appears
that documents addressed to the government are
Of four kinds, as follows
FfrstPetitions for something to be granted.
SeCO1ld-RepOrts OF occurrences.
neutrality-suspicious. for instructions.
F0urth-Memorials on political affairs.
The first and third kinds are invariably returned |;
the second Is not and the routine action on papers
embraced In the fourth category seems to be doubt
ful. 1t Is claimed by some that the return in this
case was made TO show the dspleasure OF the gov
ernment However, the designations OF both
Ministers have been accepted as far AZ the
Treasury Department is concerned but they have
both been ordered to hold themselves at the dispo-
stion Of the government and Inoye Is still to retain
no Of in wa IA o.
Both these terms can be approximately translated,
the one as Deputy, the other as Vice Minister Of
department. They also still draw q certain
amount OF pay.
THE ExEcUTIvB ENDORSEMENT
on the document Is as follows:-
Although the views brought forward in your
memorial are proper IN the Joints ana
dicti0ns OF the actual truth. As far as the re-
marks about the necessity OF taking as an aim the
capacity of the people are concerned, they are not
to be gainsayed. and as His Majesty has lately de-
the business OF the Council Of State (Daijokwan) is
conducted you may relieve yourselves OF anxiety
AS to your statement that rough calculation Of
the expenditure and income for the year shows a
deficit OF over 100000 yen, this result was OBJ
70 be yen 10 sen (s2 75). Part of this Indebted
nessl has been incurred in preceding years; part
Connected with the conversion 'S Of han into
Dsndltnrss, ''1 and which is not expected to
recur every year. Moreover, you state that the
actual liabilities Of the government amount to
140, 600 900 yen. There are many serious errors
sidered. Neither Is there an actual annual deficit
Of 10, 600 ego yen; nor is there such an enormous
debt as IA, 600 600 yen TO make such statements,
uent is simply returned to you.
HOW FIGURES ARE MADE TO WORK.
wish to draw attention to certain parts OF the
endorsement OF the government disappearing
Of the report. as 1t will be seen they are by
no means explicit In the first place the
government finds fault at the low valuation OF the
koku Of RICE and. although they do not correct the
error by giving what they consider to be the real
value. some Of the on1cias state it should be csti
mated as high as 4yen. Now. moye's calculation is
based upon the market value OF rice
for last year, large quantities Of which
were sold for export at that time for
much less than 81 rs, and the value OF the koku
now Is only IS 40. This Is the market price, and
ing 1t are deducted the government would realize
still less, as the government would not obtain The
full market value under any circumstances. AS to
the unusual expenses referred to, the explanation
is exceedingly vague. True, some OF these ex-
penses will not recur; but will not others, equally
as costly, creep into future budgetsa Again, as the
government took the pains to state that both the
expenditure and the statement OF the debt were
excessive, why not have given the actual condition
OF AFFAIRS, and tell US officially the annual income
and expenditure-wth the total debt The truth
Is that the finances OF the country are in such
condition that they will not bear close inyestiga-
ton.
THE "FLMsY" RESOURCE.
There are no less than four kinds of paper cur
rency now in circulation, and there Is not man in
Japan who knows the actual amount represented
by these promises to pay. 1t seems that all they
have to do when they want money is to set the ma
cnine going ana turn out lew thousand dollars
for circulation; but how this currency Is to be re-
deemed does not seem to enter into their cacu-
latiOns. AS to the discrepancy that appears in
EnOye's Memorial. and former statements pub.
borrowing Enoye denies that he is responsible for
the latter, claiming that subordinate was ordered
to prepare such document.
The Treasury Department has been placed in
assisted by Watanabe and Mori. IL
CHANGES WHICH MAY BE ACCOMPLISHED.
RumOrs are being whispered about of some very
great changes that are about to take place IN the
government. One report Is to the effect that the
able to control the whole situation. According to
this programme, the Mikado is TO leave Jeddo for
Kiot0, 0stenslbly for visit only; but in reality to
resume his old position of great royal puppet-
the government TO be run in the meal time in his
name, but the ministers to have all the power.
nevertheless, many intelligent and well-posted
men, both among foreigners and Japanese, who
give 1t credence. To me 1t appears utterly absurd
and impossible. The Jealouses and internal dissen-
sions that now exist, and have existed for the last
Would aes Of the%seves be- sucent to defeat
one bold enough to attempt TO carry
out such o pOlicy-and for that SchmadZu
Saboro himself would be found wanting. 1t is more
than probable that during the coming summer the
Mikado will revisit his native city and former resi-
dence. The people OF KiotO have been dissatisfied
ever since the capital was removed as 1t has inter
tered to great extent with the prosperity OF the
city. This discomfort the government has tried 10
allay by throwing tothem such poceoOs as indus
trial exhibitions, &c. bur am afraid that these
have not had the desired effect. 1t is therefore
quite possible that in the future the Mikado will
reside alternately in Jeddo and Kioto.
INCENDIARIsM AS A MEANS OF ECONOMIC REFORM.
Another circumstance that may induce HIS
Majesty to leave Jeddo for time is the recent
burning OF his castle. This Is still ascrbed BY some
10 the work Of the enemies OF the present govern
ment but there Is not the slightest ground or any
such superstition; but his palace has been burned,
and that fact remains IL appears that govern
ment does not intend to rebuild the palace mme-
dately. will be seen from the following ad-
1ster:-
have lately met with the disaster Of having my palace
burned by fire At this time government has many T.
penses and considering this do not wish Cypress the