The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-24

deed, no effort should be spared to prevent
the growth of such a suspicion and the cases
of men like Doyle and Leahy ought to be
sent to trial with the least possible delay, in
order to satisfy the public that official oonnec-
ton is never allowed to shield wrong-doer or
influence the course of justice.
The Finances Of Eaglsnd and the
United states Compared.
According 10 the estimates submitted by
the British Cabinet to Parliament for the
financial year 1915 the revenue called for is
little over e75. 900, 900 sterling. This calcu-
lated in dollars, at "a "a, amounts in round
numbers to about 1893, 100000. The ex-
penditure, it is believed, will amount to
s72 SOC, 900. It seems to be the policy Of the
present administration to carry out the fnan-
cial pr ogramme of Mr.. Gladstone as regards
raising surplus revenue Of a5, 600, 600 sterling
over the sum required for current expenditures,
to be applied to the reduction of the national
debt To do this there will be needed, prob
ably, EFT, 100000 of revenue. But million
or two more or less is of no consequence in
the comparison we shall make of the. financial
condition of Great Britain and the United
States. We shall take the sum of 1858, 600, 900,
therefore, as the revenue for 1915.
The Secretary Of the Treasury, in his report
receipts of government from all sources for
the fiscal year ending June 80, 1875, at
$3O5, 700, O0O and the expenditure at
1913, 189, 1885, To meet the deficiency of
revenue amounting to $13, 489, 1856, he ap-
pealed to Congress for additional taxation,
and when the panic reduced his income con-
siderably, and he had to draw upon the legal
tender reserve, he became more urgent for
fresh taxes. Our readers remember the
struggle between Congress and the Treasury
Department during the winter on this subject,
the latter pleading the necessity Of the situa-
ton and the former standing out against in
creased TAXATION. The compromise if it may
be called so, was to reduce the expenditures
and to sanction the use of the legal tender
reserve. We question if more than SIC, O0O, 900
to $25, 000, 900 reduction in expenditure will
be made, Notwithstanding all the talk about
economy. We taxa it for granted that the
expenditure for the fiscal year ending June 80,
1875, will amount to $500, 600, 900, or about
that, and it may be more
Great Britain, then, spends $S6S, 600, 900
and the United States $500, 900, 900. The
difference is $63, OOO, 900. The interest bear
ing debt Of the United States was, on the LIST
Of January, 1874, 81. 737, 2O4, O62. The inter-
est calculated by the Treasury Department for
the fiscal year ending June 80, 1875, amounts
to sos, 1000, 900. The debt of Great Britain
in round numbers is s8O0, 100000, or
49, S72, 600, 0OO The interest is e26, $50, 000 or
$128, 889, 300 England, with debt far more
than double that OF the interest bearing debt
Of the United States, pays only $50, 889, 200
more interest than this country, her debt
being in three and three and half per cents
and ours bearing five and six per cent, more
than two-thirds of which bears six per cent.
Deducting, then, the difference Of the debt
charges upon the revenue of the two countries
we find that there is left in Great Britain for
current expenditures about 1896, O00, 900, and
for the United States 1902. 100000. That is,
apart from the debt burden, our government
spends only 33000,000 less than that OF
England. Yet we have no costly royal
establishment to maintain, no great
army or navy, and no such empire, covering
every quarter Of the globe and counting hum
dreds of millions OF population to govern. In
fact our army and navy ore insignificant COM
pared with the army and navy of Great
Britain, and these branches of the public seq
vice in both countries are the heaviest charge
upon the revenue.
There is evidently great Encouragement or
incapacity in our financial affairs. They are
controlled by apprentice hands, both in Con-
gress and the departments. There is no sys-
tenn based either upon the principles of politi-
cal economy or the logic of experience and
the necessities Of our condition We seem to
be at sea without rudder. Our system of
taxation is crude and unnecessarily expensive
England, for example, raises over e58, 900, 900
sterling out of the ELS, 000, 600 revenue from
three items--namely, customs, excise and
stamps and upwards OF e27, 900. 900 from ex-
else alone, while we have the most complicated
system, spreading taxation over the widest
field, and often where the cost eats up the
returns. Certainly our public men have
much to learn on the subject Of national
finance, and until they do learn there is little
hope of better state of things
Learning to Cook.
The English have been noted the world