The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-12-04
To Yield Money Enough to Garry II
Out.
If the Present Decrease Of Receipts
Continues the Bill Will be De-
feated-Advance in Bank of
England Rate Dominates the
Berlin Money Market-German
Press Comments Favorably on
Salisbury's Speech.

BERLIN, Dec. S.-The Government
has been expecting that the growth of
the empires revenue would yield the
funds required by Emperor William 8
naval project, thus avoiding addition
al taxation. In this possibility is the
chief ground for the Governments hope
of carrying the naval bill. If, how
ever the present decrease in receipts
continues the passage of the bill will
be imperilled. For several months
there has been relative or absolute de-
crease, that for October being $500, 900
marks, when the receipts for the
month are compared with those of Oc-
tober last year. The Government had
expected an increase of 100000
marks annually, but the total increase
during the last nine months has been
only 100000. The opposition newspa-
pers foreshadow a strong insistence
upon these facts when the bill comes
up for consideration.
Empress Frederick has just pur-
chased the Villa Brenzonia on the
promotory of San Vigilio, Lagoidi
Grada, the Lacus Benacus of the Ro-
mans, largest of the North Italian
lakes The villa stands in O. very Sc
cluded spot, but commands one of the
most beautiful views.
The Chamber of Commerce will pre-
sent a petition to the Imperial Chan
cellor, Prince Won Hohenlohe, request
ing the Government, in view of the
disturbed conditions in Venezuela, to
provide increased protection for Ger
man property there.
The Rhenish WINNERS have dubbed
the 1899 vintage 1.-The Esterhazy vim
tage," because it is so mean and poor.
The advance of the Bank of Eng
lands rate dominates the attention of
the Berlin money market. At first it
was supposed that this would not have
an immediate effect here, the British
balances having been much reduced
of late, but since London exchange
has already shown rising tendency,
the market reckons with the possibil-
ity that the Reichsbank will soon raise
it's rate to per cent. This unprece-
dented 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 in
creased the fear of gold exports.
The statement of the Reichsbank
showed increased discounts to the
amount of 2S, 100000 marks and a loss
of metal to the amount of 1900 900
marks It is much more unfavorable
than the statement for the correspond
ing date last year. Great ~sessure is
expected toward the end of the month.
The effect of money on market con-
ditions has thus far been confined to a
slight weakening in industrial shares.
Reports from the iron and coal centerS
justify the general strength of the
market.
The German press continues to dis
cuss the recent speech at Leicester,
England, of the British Secretary of
State for the Colonies. Comments on
the whole are not unfavorable. The
semi-official .Hamburgischer Cores
pendent" says:
''Mr Chamberlain used the word al
lance as the most appropriate to por-
tray the general good relationship be-
tween Germany and Great Britain, but
secret compact exists.
The "Berliner Tageblatt'' says:
England and Germany should act
frankly, like business men in seeking
to have an understanding with the
United States and if possible, into CO.
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