The San Francisco call., 1899-12-04
W|LL|AM'S NAVAL
BILL |MPER|LED
Falling Off in the En-
pire's Revenue.
INCREASE WAS EXPECTED
PROTECTION ASKED FOR PROP
ERTY IN VENEZUELA.
Berlin Money Market Agitated Over
the Advance in the Bank Of
England's Money
Rate.
PROTECTION ASKED FOR PROP
ERTY IN VENEZUELA.
Special Dispatch to The Call.

BERLIN. Dec. 3.-The Government has
been expecting that the growth of the en-
pire's revenue would yield the funds re-
Quired by Emperor Williams naval pro-
ject. thus avoiding additional taxation
In this possibility is the chief ground for
the Governments hope OF carrying the
naval bill. If, however, the present de-
crease in receipts continues the passage
OF the bill will be imperiled. For several
months there has been relative or abso-
lutte decrease, that for October being g.
100000 marks. when the receipts for the
month are compared with those of Octo-
Der last year. The Government had ex-
pected an increase of 30 900 900 marks an
nually, but the total increase during the
last nine months has been only 500 900.
The opposition newspapers foreshadow a
strong insistence upon those facts when
the bill comes up for consideration.
Empress Frederick has just purchased
the villa Brenzonia, on the promontory
OF San Vigilio, Lagoidi Grada, the Iacus
Benacus of the Romans, largest of the
North Italian lakes. The villa stands in
or the most beautiful views.
The Chamber OF Commerce will present
a petition TO the Imperial Chancellor,
Prince Won Hohenlohe. requesting the
Government. In view OF the disturbed con-
ditions in Venezuela. TO provide Increased
projection for German property there.
1899 vintage ''the Esterhazy vintage" be-
cause IL is so mean and poor
The advance OF the Bank of England's
rate dominates the attention Of the Berlin
money market. At first il was supposed
that this would have no Immediate effect
here, the British balances having been
much reduced of late, but since London
exchange has already shown a rising
tendency, the market reckons with the
possibility that the Reichsbank will soon
raise Its rate 10 per cent. This unpre-
cedented rate would weigh heavily upon
trade and industry and would soon Sc
verely check the business boom. The near
approach of London exchange to the gold
point yesterday has increased the fear OF
gold exports.
The statement OF the Reichsbank
showed increased discounts to the amount
Of q 800 900 marks, and a loss of metal TO
the amount of l9. 600 900 marks. II is much
more unfavorable than the statement for
the corresponding date last year. Great
pressure is expected toward the end OF
the month.
The effect OF money on market condi-
tions mas thus far been confined to
slight weakening in industrial shares. Re-
ports from the iron and coal centers just
ify the general strength of the market
During the course Of last week numerous
brilliant statements were published from
mining and manufacturing districts and
trade conditions at the points referred to
were pronounced most excellent. A rise
in iron prices is looked for and the same
is expected for coal and iron in Belgium.
Professor Jesse of Berlin University has
invented a method OF increasing the
power or steam engines, which promises
TO revolutionize steam engineering. He
conducts steam generated in an ordinary
boiler into cooling tank and then treats
II with sulphuric acid, increasing its
power from one-third 20 one-half. A fac
tory at Charlottenburg has been using the
invention for three months and has OBJ
tanned 56 per cent above the indicated
horsepower OF its engines.