The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-06-24
NIoxioo.
DEcREss ABoup THa nunr

OITf OF MK1Ioo, jane 23.-The Dia.
rio Official publishes decree reouir
ing that all duties shall be paid in full
ana without deduction in silver or ma
uonal bank bills, and suspending al
previous orders and assignments. Tc
return the floating debt and cove,
pending obligations the National
Treasury will issue bonds for s25.oOO
wv redeemabie in 25 years, at o per
cent, interest, payable eyerv six
months. The bonds will be mazda
payable TO bearer and will be- er.
changed for treasury orders and float.
ing debts contracted fro A. July |. 1850
until June 10, 1885. Tho payments al
interest aud redemption OF these
ponds Will bo made by the National
Bank. For this object the colleotor nj
contributions OF the Federal district
VIII deliver to the bank ali
amounts collected, deduoting only
the necessary expense OF cOliection
rhe secretary Of the treasury Will give
orders to the collector OF customs Al
Vera Crus TO deliver to the National
Bank Tho amounts that, according To
every Six months liquidation, wifi be
necessary for the payment OF Interest
ana redemption of bonds, The gov,
ernment may redeem the entire issua
with the proceeds sbtained from tbo
sale OF public landa. Government
debts and credits not presented within
iour months are 10 be exchanged for
these bonds, but VIII not receive anv
interest and will be deferred debt
The Diaro Otlislai also publihbes a
decree reducing the salaries of poy-
eminent officials and employees from
~ 10 % per cent. Those receiving loss
Than 5000 per year are not reduced.
SubYentions will be paid after the az
peuses OF the administration have
beon paid. The discount will be a
debt against the government for
winch the treasury will give a docu-
ment to the employees.
EXCITEMENT CRRATaD. s--.
Great excitement has prevailed here
today In financial and railway circles
at the sudden official announcement
ny tke government OF the now laws
regarding the payment OF taxes, the
cutting down OF official salaries and
the suspension Of railway subsidies,
Ihe financial embarrassment of the
gOYernmont has been growing worse
steadily OF late and the remedy sought,
though severe, is hoped will give the
government a chance TO recover from
lts condition OF peCuisry distreBs.
In his special report ON the financial
situation the Minister of Fluauce SAWS
that the ecuniAry 6mbarrassments of
tho government have been occupying
the attention Of President Diaz since
taking his seat and that he
has found that the public revenues
Durdenod as they arc with CHARGES of
all kinds, woro not sufficient to meet
with regularity and eXRUtuess the OK
penses OF The different departments OF
inc governments that tho government
has been unwilling u in
crease the taxes 80 as TO reduce
expenses TO the detriment of
The public service and therefore
has finally decided on temporary
meanwhile continuing TO
seek q Satisfactory e0iutiOf Tor che
problem IL has been seen by Presi-
dent Dis2 that the probable income Of
the ensuing fiscal year would
not meet the expenses fixed
by the recent budget and
in order TO equitably apportion the
necessary retreuchment, salaries OF
over $500 per year are to bo bubjected
TO discounts, On salaries from $500
10 81 900, 10 per cent. discount; ON sala-
ries from 81, 200 TO $1,000, l5 per cent. dis
count on salaries from 5000 TO $1,000,
~ per cont. discount; on salaries from
5000 10 $4,000, % per cent. discount,
snd on halaries over $4,000, so per cent.
discount, Each official whose salary
Is reduced receives from the
treasury q certificate Of In.
debtednoss, covering the percentage
taken of. Tho military in active
service arc now paid for only 25 days
In month and will not have to suffer
a further reduction. All the military
not In active service will be paid the
same discount m civil employees.
No money is TO be spent In
new public works, except for repairs,
and double salaries, except in few
cases, arc abolished. The President
asks Of all officials cheerful accept
anco OF this necessary economical
reform, and points 10 the fact
that his own salary Is reduced
One.half, Nothing letinite Ia said re-
garding railway subsidies, but 1t ls
certain that they are temporarily sus-
pended. Government officials pre-
serve considerable roticence In Ihis
matter. The government has Just
paid the salaries for the second half of
the month OF May, which have been In
arrears.