New-York tribune., 1873-01-20

w AcHlNGTON, JAN lOs-1OcCltt wi iNhNo
upon the following dispatch, among others as justin
cation for his note of Oct % TO Minister Sckes
UNITED STATES LRGArfOS I
SAN SEBASTIAN. Aug 10, lS72s}'
SIR: have the honor to transmit herewith ior your
Information an Official publication OF decree, accon-
the Treasury the Island Of Cuba TO issue bonds
ing TO s6o0OOo, bearing eight per cent interest and
OF the loan the proceeds OF the tax estimated at
$5OOOOOO annually, and the surplus derived from all
t appears in the report the Minister that tine Cutap
Treasury the Bank Of Havana S5Q0O0O0; sl2O0OOO
OF this sum were borrowed 10 pay the expenses or tue
several expeditions against Santo Domingo and MeSfeo,
and the remaining s]3OO have been advanced by tue
war In Cuba. The whole amount OF S50O0O.O)O was
loaned by the bank in paper money aud thls large add
nas IL seems brought about conjunction with other
causes grave financial crisis in that portion Of the
island held by the spanish forces
IL further appears that the raised in Cuba by
taxes and mposs during the last lscal year was sl2
0OOO The loan is to he negotiated In two parUs The
proceeds OF the first issue or thirty millions are TO ne ap
Piled first reimburse the Bank OF Havana the amount
spanish contingent for the expedition against Mexico
the second. TO repay the amount sd-
penditnre incurred in the attempted reeonquest
Of santo Domingo: the third; TO redeem IN specie
part OF the loaned to the Treasury for war ex-
penses to reduce the outstanding paper money OF
The bank issued Government account 10 SOOOO,GJO;
fourth the balance SlOO0OOOO, TO be paid into the
Treasury meet appropriations made Tor tue pfosech
The decree also provides for leasing tho emhargoed
taes for term not exceeding SIX years t proctusM M pI
which, together with certain Treasury credits ana the
income OF the property IN Cuba are appcaoie 10
the redemptO of the remaining thirty millions OF pa
per money issued by the bank ON Government account
These Of have not hitherto t s under
stood produced anything that 1t may be presumed
that second issue OF bonds Is reserved ior he gu
ual redemption Of the outstanding paper and tue prose
cutiOn OF the war.
subscriptions TO the be invited the ist OF
January, 1872 in Havana MADRID Iaris ana LOnu9n @
administration of the revenues APPROPRIATED 10 the pay
men OF the principal aud interest are 20 con- m
Is persons three OF whom are 10 be CHOSEN D
the b0ndholders You Will remark IN article 70 OF tne de
gree provision characteristic OF all Spanish legislation
Cuba. The Capain-General Is authorized 70 suspend
at pleasure any determination made by the Loan Com
ml5SOners -. u-,,,
out quarter, in Cuba, and having exhausted the re-
sources of rich aud productive commonwealth 10
sustain cruel conflict, Spain IS about To appeal 10 the
civilized world To lend money on pledge or the reve-
of the island TO continue struggle intended 70 per
the slavery OF the greater part OF tne coOSu
inhabitants, and compel the unwilling alegance OF a
large majority OF the sorcy oppressed native pOpuaton
In this relation may state thaJ t appears Hom re
cent publication in the Hnparctat semofcia journal
Madrid, Of which the Colonial Minister was uIrecIor
until he the present Cabinet and that from the
beginning OF hostlities IN CUBA 1900 insurgen5 aSe
been killed IN battle (dccI0eS de guerra anu ooVO ttAe
prisoners, 4Sl9 firearms 3,24I shardS, nacne6s, auu
other side arms and 992 horses have Deen captureu
go Gao insurgents have voluntarily surrendered"
As it is believed that all prisoners OF war taken are
shot garrotted. it would taking tbe tofa
of killed in battle and prisoners captured that more
than 81 600 gents have fallen since the began.
oa,al sources that their force under arms in Cuba
exceeds 100000 men, and, more than nalt OF
these troops are unacclimated, their casualties
cannot be estimated at less than cent or 5000 men
snee the declaration OF independence pronounced at
Yara in October 1869 Trustworthy sources OF lnforma-
ton Madrid tend TO show that THIS estimate W0ud De
exceeded by the official returns If they we're published
A$' S'NNN~-''