The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-09-06

the interest on which amounts to tho OF
,n,r,sen wears the, in,eresthsarung debt has been
reduced from $50, 296 Do 70 81 S09, 6!s 9Oo-a
$50 S94 o. In reduction o. the annual stsrest
charge is sos go 81 or more than bfty per cent
Of wna' v ws nov snSns aSd a, four per
interest would pay IT tho whole debt In less imam
twenty-five years
There has been ano her gratifying and important
Improvement IN the state .oi tne puonc aeo.;
rem $500 600 600 TO 81 Ooo, 600 600 were hsa
ssG 900 600 annually 70 Europe for in,ersst alone.
No the ponds are manly held in our own country 1t
estimated That nvest'ns o. n,na nsnaa ~
papus ioreig pers $50 oot oooi we now pay mem
only about 600 or o year anu me
n appca re- from what bus be Gu shown thai since the
close OF the war. since ,ho panic o. nvs yea.s ago,
lnere as been great chAnS In the conoiuoa OF 'he
steh,' the change has been zone Of Improvement.
/. The debt has been greatly reduced.
.. The interest to be paid mas oseh 'afse'! 'An'
5. And 1. IL to paid at na mo instead OF abroad.
TAXATION.
Tho brracu of axxion sen reduced since 1866,
tho arse wear after III war, as aollows:-
Tho taxes in 1866 wsrs-
Customs.....---. lI9,O46A'i 90
Internal rcvonue.---.' o'S-~o'oA' sase org Aas m
The taxes in 1873
Customs. ............. Si3o1ao'ooo ~
Internal revenue.- llOrISl,o24 -
Reduction of .axa,iou since 1856 -. s247S2l 100 os
TAXATION THE OF THE PANIC
1S73-CusIomk. $ioo,uou,o1I ~
Iaternal revenue. -.......... ll3, 729 ga IA
r., ..S3 1901, SIS, $50 81
1873, ~7o, ''~'"N- "
Rcduc,on since tho pan!c. 6l,066, 53l 80
ExPENDlTURES
rno .xp.nouures navv been Esd uced since tho end
of the iel0ws:-
SONS and interest. sooi o4l, oto 10
1873. -'o'o'"-o oo
R.ausuon Of expenses. ......... sl2O,57s,s4s SO
xxpEyDIruREs OF THE PANIC.
1S73............ S1So o4o Z4o DO
1873. .-.~~'''- ~"o''o4o|o oo
Reduction In nve year.........-.... $Saaso, slS 81
CURRENCY
Tho Improvement IN the currency since tho close
of the war bscn very great. In 1900 Inc paper
currency OF the country CONSISTED OIL
64oI, 20 loV4
National Bank notes. ITO 10 200
Fractional currency... zo'Saa, s ss
treasury IRE notes compound interest notes
aau State bank notes, estimated. 5000. 100 ooo oco
It's value was SO a2-ioo dollar 10 COIN and It's
tota value was $5V9 999, So 10.
In 1878 our paper currency consists OIL .
Groom backs. $346, 6sl 016 90
National Bank notes.. oZ4'si4,Ioa W
Fractional currency ........... loo+','o I"
Total 800 '4h LOO -
Each dollar OF paper currency Is now worth 9S41
cents and the total vaIuo 10 coin Of our paper
currency than 1854 600 900 The value of the
paper dollar IL stable Nc that OF coin. Com ana
paper practically abreast Of each otheI Tne duc-
tuson value OF the paper dollar mas not IN the
last Ave months exceeded the traction oil cont The
tot al the coin value OF our paper currency
| since 1865 Is about $l75oto,ooo.
EXPORTS.
Nothing connected with the financial affairs OF the
government more Interesting and Instructive than
lie state Of TRADE with foreign ceuntries The ex-
ports from the United States during the year ending
June 80 1875 wore larger than during any previous
wear in the history Of the country. From the year
1863 TO 1873 tho net imports into the United
states largely exceeded the exports from the United
Sntes-the Ut imports ranging from $39, 700 600
10 49, O0O During the 1874 and 1875 the
| ports and imports werc about equal. Dung the
yearg ending June go 1876 1877 and 1875 however,
inc domestic from the United States greatly
exceeded the imports, the excess OF exports In
easing rapidly from year TO This is shown as
follows
var ending Ercess Of exports
Iyne 30 crey Ret imports
1876 SIS, 6l3, ASH
1877 1o1,loI ose
rhe total value OF exports IRON tue Unitea Statcs
from 5000 $780, 300 1868 to $3.50 6S3 79S In
iN7s AZ increase OF Sail, 293 S9S or l53 per sent
| TIM COMMODITIES
Tho following table shows the principal com odi-
| during the last ton yeArs:- q