New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-09
THE NEW REPUBLIC.
Kill.
AN ERA OF DEVELOPMENT.

NILREIs AT PAR-THE PRESIDENTIAL SUCCESS
SION PROVIDED FoR-THE EMPREss's DEATH
A FUTURE OF SPLENDID PROMISE.
fyRouA STAFF CORRESPONDENT OF The TRIBUYE.l
Rio December 81.
The wear closes with the financial credit OF
the now Government artifcially restored, PreSl-
aert Deodoro da Fonseca's health materially I'M
moved. and the general condition of the country
most favorable for the maintenance of public
order and the progressive development of Repuh-
rcan institutions. On Friday exchange reached
its lowest point since the outbreak OF the Tevou-
ton. II was quoted at "A IA. whereas before
the revolution it had been p -, or above par
The English bankers had been hammeiing ~
down, and were favored in their processes by
the commercial conditions, the crops having peeh
light during the year, and very little conee
being in the market for expectation The Minister
of Finance on Saturday took hand III the Sdlho
with remarkable success. He sent an agent 10
the banks with offers to negotiate exchange on
q large scale The effect was Immediately 1et'
The bankers became alarmed. and exchange began
TO rise by leaps and bounds. On Monday eA-
change through this Intervention of the Govern
ment had gone up to 81, or par; or IN otheI
words the Brazilian paper mlrelS was worm
o. English pence or "a cents, as public confidence
in the financial stability of the Government Is
strengthened.
The return of General Fonseca, or Deodoro, as
he is popularity known, to his place at the heao
of the Government Council in Rio is announced
in all the journals with an evident feeling oil
relief He has been in retirement at 81. Theresa
one Of the suburbs but has taken an active part
in the transaction of public business. Many
conflicting reports have been published respect
ing his health hut il is now confidently stated
that he is out of danger and steadily improving
The Government. in order 10 prevent the re-
currence of uneasiness respecting his health, pub
lshed Yesterday a decree proVlding lor the
succession in any emergency that may arise
The Minister of Finance, Senior Barooza' Is
virtually made Vice-President, and will succeed
"a the executive function if any vacancy should
occur As he is the most capable Minister CON
nected with the Government the selection is
wise one Senior Constant. Minister of War, is
virtually named as Second NiCe-lTcsldent. lhcse
nominations are made at favorable moment, Wheh
Deodoro's health is evidently better, and when
he is at his responsible post at Rio All appre-
tensions respecting the succession are dlspeleu
by the timely publication OF the Government
DEGREES The fate of the Republic does not
hang upon the life of the Provisional President
The Government by energetic action had artlh-
riallv restored its credit 10 the level OF inc
ante-revoutionary period. 1t will spare no efforts
to keep the milreis at par or about II. Inc
Minister of Finance is aware OF the overwhelming
importance of maintaining the credit OF lAe
Government unimpaired The financial reforms
Instituted during the last two or three years
wilr1acilitate his efforts in this direction The
BRAZILIAN debt. which formerly carried >. s, and
oven : nor cent interest, has been virtually con-
yerted into 1-2 per cents. While these refund
ing operations were proceeding, the Government
was compeed to issue floating loans and internal
bonds and 10 borrow money in Europe buo there
are now only few fves outstanding, ana the
debt is not virtually converted win 'he
revenues at Rio, Bahia, Pernamhnco ana Iar@
constantly coming into the Treasury, the Gov
eminent will not have to borrow money abroad.
II it, becomes embarrassed in providing for the
payment of interest, the planters IN the Hch
provinces of San PaLlo and Minas Geraes STAND
ready 10 make advances, and TO support tbs
national credit With experienced tnancler'
as Senior Barboza has already shown himself
TO be. in charge Of the Treasury, the outlook
for the new wear is most encouraging. With
the maintenance of public credit the Republican
Government will he secure. Business which has
been stagnant will gradually improve.
most striking proof of the ascendancy of the
now nolitic cal order and of the unbrOken popular
support which the Government commands was
furnished on Sunday, when tie news of the
Fmuress's death was received. II made no STIR
and created not a ripple Of sympathy or excite
ment Tie newsbOys hardly made use OF the
announcement in their Outcries while hawking
their papers. The Empress had been eminent
for her domestic qualities and her beneiacuons
to deserving charities and had been universally
respected in Brazil Her death aroused no
feeling of public sympathy with the miSiortuneS
of the Imperial house 1t made less impression
than tie extremely favorable mortality statistics
for the week, showing only seven deaths from
yellow fever, and total death rate OF 263 from
all causes. The people of Brazil are done with
monarchy The subsequent fortunes OF the
Imperial family will not interest this public
Everything relating 10 the monarchical eXes VIII
be read hereafter with feeling Of apathy and
with Indifference.
PERMANENCE OF THE REPUBLIC.
The Republic has been established per
manent order of Government. That is the sum OF the
whole matter. There has been no general election,
but the Provisional Government is securely On
trenched in power, and has received an unequiVocal
mandate from general apathy-the Brazilian form
of plebiscite in revolutionary times II issues us
DEGREES and public acquiescence is absolute ana
irreversible Every day new series OF laws Is
published in the daily journals and there IS not
the slightest indication Of resistance nor even oil
criticism in any quarter. The American journal
ist Mr. Lamoreux maintains an impartial attl-
tude Of independence and fcarlcssneSS IN The
Rio News" but this is the only exception 50 far
as the press is concerned. The Portuguese
journals record he DEGREES and comment upon
them in pcrfunctory way The Government
decree OF martial law is transcribed below IN
order to illustrate the revolutionary methods oil
procedure:
THE DECREE OF MARTIAL LAW.
Marshal ManOel DeodorQ da Fonseca, Chief OF tne
llfnhh ny and