The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-22

iegalizlng time bargains, which the law. as 1t at
hoped. produce 3,Oooooof: small tax on
alcohol and beer is credited with l,5oooOOf.
pected TO yield oo,0oOf, and tax on chlcory
6oooo0f. very small duty on custom house
wonder whether the Minister thinks '' rose
all the sweeter when called by that
swse5 aam e. t,s Is to give
individuals are permitted TO grow tobacco in Sicily
| WILL 1t Is hoped, produce 6000,00O The abolition
OF the privilege OF receiving their letters free az
present enjoyed by Senators and Deputies, is ex-
pected TO result IN an addition TO the revenue de-
rived rom the Post Once of 1000 000f The Minis
ter made the House laugh when making this prop
ositon, observing that II needed no great heroism
tpa aSg hui up urVege Wcn IA INC. da no. proat
! talnly resulted In causing them TO have many
/ more letters to answer than they would have II
their correspondents had TO pay the postage OF
/ their letters. An Improvement on the assessment
i OF the tax on weights and measures Is expected
/ to yield 100O,000f. similar sum expected from
modification OF the law prev tentative imprison-
ment. small house tax at present levied by the
provinces Tor their own provincial purposes which
Il is proposed to assign TO the imperial exchequer
instead, VIII give 5000 ,O00f; and finally tax on
the circulation ,Ii,o OF bank notes VIM produce
4 these various ''mckles" make up "mucke"
OF 1000 00of the sum needed, with balance Of
2,oo0,0Ooi. for contingencies
HOW ITALY CAN PAY HER WAY.
such are the Ministerial PROVISIONS and hopes for
Italy TO pay her way, or let us say 20 make very
iair anu creditable progress towards dong SO. IL
/ these various Ministerial eggs should be Matched
into chickens as fast as the Ministerial hopes. But
%
to make q few remarks. 1t is that which proposes
to enact that all the deeds, contracts and
documents Of all kinds at present subjected
held to be null and void in law unless
piled with. And from this provision the minister,
as was stated, anticipates an increase OF revenue
i To the extent OF 9,000,000. But II the
! law as it stands subjects these documents to "a
registry duty, what more, 1t may be asked, Is
means of compelling people to obey the law. AS
matters stand at present, this is what happens
II it should so turn out that it becomes necessary
to bring any document OF the kind specified into
court for the purpose of litigation, the holder Of
the document then causes 1t TO be stamped pay
consequence is that very few documents are
stamped at all. Every man knows that
more that no necessity viii ever arise 'S Of
\ producing the contract or other document he is
executing IN court should such necessity ever
to register it. But ii such, after registry, were i'm
possibie-f every man were certain that the deed
| or contract he was executing, or party to, was
absolutely useless for all binding purposes II not
registered shen-in that case all deeds would be
| registered. The Minister as has been seen, esti-
/ mates the loss to the revenue arising from this
state Of things at 5000 000f But, since his state
ment was made in the Chamber, l have had the
| from some of the persons most competent to form
a. Judgment on such subjects in Italy as TO- the
dnd the universal opinion to be that the
amount is very far underestmated. There
of two or three years after the enactment OF the
law proposed by the Minister, 1t would be found
the treasury BY. it than the nine too moaestly
named by the Minister sum, 1t need hardly be
pointed out, ofthe utmost Importance to the future
of Itay-and Of her creditorsi This proposition Of
the Minister has not yet come before the Chamber
for discussion. OF the matters pending and to be
decided during the remainder OF the session it is
one of the most important and interesting. There
ought, OF course, TO be no shadow Of doubt about
as friend OF italy greye and il were an Italian
/ should be deeply Inundated at being obliged to
write that very grave doubts are on the
point And yet, what is 1t that the Chamber
Is asked to dor Not to impose new tax J!
Not to make a new law! But simply to make
TO remove facilities ior fraudl The man who re-
fuses TO give his vote Tor the Minister'S, proposal
says in effect, ~ prefer to leave loOphoe open
by means OF which l may deraud the revenue /
refuse to be constrained to obey the law, which
Der. and wirepuiling lawyers out Of it, probably
say to themselves that If the expense OF registry
were necessarily contemporaneous with the exc
IL is felt by some OF the best men in the Chamber
and in the Senate that there would be cynicism
OF immortality in the rejection or the measure that
would be extremely dlsgraceful to the country.
And it is still hoped that such disgrace
may be spared it | Thus far, as l have
said, the conduct of the Chamber has during
the current session been creditable; perhaps more
so than any other since the Legislature has been
lions: that portion OF the "Rght' which is COM
posed OF the adherents Of the late Ministry not
been uneenerous or unreasonable in its opposi.
ton; and the Minghett Ministry Is probably
at this moment the strongest which Italy
has known for several years. The princi-
pal work of the Chamber has consisted in examin-
ing and framing . law regulating the paper
OF the National Bank IN examining proposal
(much neeoed) Tor improving the law or jurles IN
sns he prcpasss aS o ns w
General Ricott, for improving the deiences
ne 70 ssS n oS III on
Instruction. and in passing the estimates OF the diff
ferent departments, which, 10 this country are DIS.
cussed separately, one after the other. few Dr1ef
observations on each OF the projects Of law have
named will enable the reader to form competent
notion Of the general political situation here-ex-
cept, indeed, regards what TO the world in gen
eral is the most interesting part Of al-the rela-
sne ths and s
But this part of the subject must be reserved for
another letter. II is far too large and important
one TO be treated in the small space that remains
to me the present OCCASION
THE NATIONAL BANK.
Returning, then, TO the laws winch nave Occu-
pied the Chamber this session, 1t may be said, per-
maps, that the most important Of them is that on
National Bank; as also it was mainly to the oppo
sition between the Chamber and Stgnor Sela on
the scope OF f srnor IN this S is to
place i've provincial banks-two established In
Florence, one In Naples, one In sicily and one IN
old sandman Bank; to make the credit ana the re-
served iunds OF all OF them guarantee the paper
circulating IN the country; to regulate In due pro-
portion the rights OF each Of these establishments
in respect OF issuing paper and TO attain the very
important object OF getting rid of the scandal and
great Inconvenience OF a state OF things under
which flor example and briefly debtor might
pay mis- creditor 1000 0O0f. at Rome in paper
OF the Roman Bank, which at. Rome Is legal
tender, while the man who has so received the
money at Rome cannot pay his creditor at Milan,
say with the paper he has been compelled to &C
cept but, In order to do so, must change 1t into
paper OF the National Bank for which he must pay
= ia m VIZ n moi
monstrosity OF such state Of things which 1t was
one great object Of Signor Minghettfs bill to get
rid OIL or course, the measure was opposed to the
uttermost by the bank and the banks friends, who
are very numerous and very influential, with
Signor Sea at the head Of them. But Mnghettl
had the country with him. and carried his Dill by Q
larger majority than had been expected.
! PENAL LAWS
The active and highly enlightened Minister o
| Slnnnr XInIani. has DreDafeu and VII