The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-04
NAVAL Bill
Depends 10 Some Extent on the Revenue
Receipts.
ADDITIONAL TAXATION TO Be AVOIDED
Annual Increase In the Revenue or
the Empire, Ii Not as Lnrsc as
Wns Expected.

| Berlin, December e.--The government
as been expecting that the growth of the
EMPIRES revenues would Yield the funds
required by Emperor williams naval
project, thus avoiding additional taxation.
IN this possibility is the chief ground for
the governments hope for carrying the
naval bill. II. however the present de-
crease OF receipts contiDces the passage
OF the bill will be imperintd For sew
'eral mcnths there has been ! relative or
absolute decrease, that for October being
3,5O0,O00 marks, uhen the receipts for the
month are compared with those of Octo-
Der last year. The government had ex-
pected an increase of 80, 100000 marks an
nually but the total increase during the
last nine months has been only 5oo,Uo0
marks. The opposition newspapers fore
shadow a strong insistence upon thsss
facts when the bill comes up for consid-
GRAFTON.
Empress Frederick has just purchased
the Villa Brenson on the the promontory
OF San Viglio, Lago Direga, the Lacus
Bencus OF the Romans, largest of the
north Italian lakes. The villa stands In
very secluded spot but commands one
OF the tnest views.
The hamburg chamber OF commerce
Will present petition 10 the imps rial
cAdhce,iur, Prince Won honenlone. rsquest-
Ing the government, In view OF the dis
tnrbed conditions in Venezuela, to pro.
VIDE increased protection for German
property there.
1889 VINTAGE The Esterhazy Vintage" be-
cause 1t is so mean ana poor.
me advance or toe Bank OF England Is
fate dominates the attention of the Berlin
money market. At hrst it was supposed
that this would not have an immediate
eject here. the british balances having
been much reduced OF late, but since Lon
don exchange has already shown rising
tendency the market reckons with the
possibility that the reiehbanK will soon
raise its rate to per cent. This i'm
Drecedented rate would weigh heavily
upon trade and industry ana would soon
severely check the business boom. The
near approach OF LONDON exchange to the
gold point yesterday has increased the
lear of gold exports.
The statement ef- the rei.hhank shows
ffrrcaseli~ discounts to the amount OF 2S,-
100000 marks and loss of material 10
amount of 19.600,000 marks. 1t is much
more unfavcra1le than the statement Tor
the corresponding date last year. Great
pressure is expected toward the END OF
the month.
The effect of money on the market con-
litions has thus far been confined 10 n
slight weakening in indu5tri51 shares.
Reports from the iron and coal centeis
Justify the general strength of the mar
kes. During the course of last week
numerous brilliant statements were pub
lshed from mining and manufacturing
districts and trade conditions at the
points referred to were pronounced most
excellent A rise In iron prices is locked
for and the same is expected for coal and
iron in Belgium.
Prof jesse Of Berlin university has in
vented method of increasing the power
at steam engines which promises to revo-
llltionize steam engineering. HIS con-
ducts steam generated in an ordinary
boiler into cooling tank and then treats
it with sulphuric acid, increasing It's
power from cne-third to one-half. y
factory at Charlottenburg has baen using
the invention fer three months and has
obtained sc per cent above the Indicated
horse power of its engine.