The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-30
BRAZIL.

THE GOVERNMENT REFUSES TO AID THE scHEM-
ING BANKRUPT PLANrEIs-oNE THOUSAND
PEOPLE DAY DYING OF SMALLPOX IN
cEARA-rHE MADEIRA RAILWAY LABoRERs
RETURNING TO THE UNITED STATES.
RIO JANEIRo, Jan. s, 1879.
The government continues to keep the Legislature
in suspense in regard to the measures it purposes
bringing forward to assist the planters aud other
objects. As in the budget credit was asked for
guarantee of interest and annual redemption of land
bank Understanding potes called here "hypothe-
cary bills" it supposed that the government
would promote the formation Of banks of loan
mortgage and guarantee their issues. In accord
with o law passed in 1875. On the
81. however. tho Minister Of Finance pro-
nouncod in the strongest terms against such
measure characterized 1t scheme
for bostering up bankrupt and spendthrift planters
at tho cost of the nation declared against any policy
which would involve the government in banking
directly or indirectly, and said that tho only
legitimate way TO assist the planters lay in the con-
structon Of roads and railroads, which for the
general advantage. This Incorporating language.
although 1t has completely upset the preconceived
ideas formed to the policy of the has
proved very acceptable to tue commercial classes
whose dread of the consequences of throwing
100000 100 900 milreis paper currency
allayod only by the well founded belief
that no foreign capitalist could be found to enter
upon so dangerous a business as to advance
loans ut long dates upon the rottcnest security in
Brazil-its plantations-roteu by their complete do
pendence upon slavery. and doubly rotten from the
venaly of the judiciary, which renders the collec-
ton of debt from influential planter impossi-
blty. His Excellency. moreover has agreeably
prised them by a recent reversal of the financial
1lnlc hA "a a hfS mi
tration, as apparently enlightened on the currency
question by the continuous depreciation OF the paper
Money--now ut twenty Five per cent dscount-he has
issued only 1000 900 mres Of the 60 900 he pro-
posed to issue. and has just negotiated sails Of
pose Of avoiding the need OF issuing more paper
money, and OF funding part OF what has been
Gates that he has abandoned the intention he APP
peared have to reduce the interest bonds to FIVE
per cent No further sale Is to be made before the
end of January, 1880.
ENG1eu CAPITALISTS RRpuLsED
Mr.. Richard Harris. the negotator of the Bolivian
bondholders OF London, arrived here on the 3Oth OF
December a mission to obtain from the brazilian
government abandonment of the Madeira and Ma
Railroad enterprise and consent to the release
of the fund in London to permit it's division among
the bondholders in the same way as he last year
negotiated with the Bolivian government in u mis-
sion which cost the bondhoders s25. 900 in Mr. Har-
rs' expenses and in secret service money. He has
had an interview with the Minister OF Agriculture,
who however, at declared to him that his mis-
sion utterly useless, as the present Cabinet was
resolved carrying out the policy Of its predecessor
way in its power.
AMERICAN LADORERS LEAVING.
The bill guaranteeing seven per cent interest on
f400 900 additional capital, which is ut its last read
ing is expected to pass early in the week. The last
news from the railroad that 200 of the laborers
had abandoned it and gone TO Para, because Messrs
Collins, not being able to get payment for the works
and material certified by the companys engineers,
were unable to keep up supplies of food. We also
that in consequence, the President OF Amazonas
had gone up to the works and declared to the work
men that the province would furnish their food and
wages until the contractors could make their
rangements. But the men left for the coast.
DREADFUL DISEASE.
The accounts from the Northeast provinces con-
tinue to be OF increasing famine and OF defamation of
their unhappy population by smallpox. 1000 day
dying at Ceara alone.
In Rio the general health is improving. but cases
OF sporadic yellow fever have become more frequent,
the weather has been very hot OF Late
A SUBSIDY FOR AN AMERICAN STEAMSHIP COM
PANY.
PERNAMBuco, Jan. 10, 1879.
The Didrio de PsradmJ1co OF yesterday publishes
the following telegram, received from Rio-
RIo Jan. 8. 1870.
Yesterday in the Chamber Of Deputies. the pro-
ject concedng the subsidy of 5000 900 to the line of
steamers between the United States and Brazil was
ovadi in tha hird di,cusa inn