New-York tribune., 1902-04-11
TRADE AND FINANCES ABROAD,

~ .ra eiac.ion IF their new Presidents Brazil
and Chilli were especially anxious concerning Iie
financial prospects Of their countries THESE pros
nec-s and me policy to be followed in Chlh are
jue- nov- under discussion in the extraordinary
session of the Santiago Chambers as a conSe
ouence OF the recent inauguration OF iIesLe'i'
1-er-nan Riesco. In Brazil, where Or AlFes Ie0
hoe, elected 10 assume the Presidency next No
venober all kinds Of rumors have neeh dio"' -
-egs-5 70 the purchase cf railways and WIN re-
spect TO the unfcatton and conversion OF ll'e Di
lillian debt Light has been thrown on 'hese ., S"
iects by the declarations pubIshed III Id o' '-'
~ Paris the seni-oficial organ in Europe oL 'IV
Rio Janeiro Government These declarations "el0
made on the eve OF his return to MS country ~
Tr lose Carlos Rodrigues. who Is pr1hclAal pl'
-rieror and Editor Of the formal DO CornlheicIo'
of Rio Janeiro. Dr. RodriglIes VINO Is wen ~ Ali
in New-York where he published several years @eo
an illustrated paper, has had charge in Europe
representing the Brazilian Government OF the I'M
portant negotiations for the purchase OF the sudI
s,teed railways LIE Bresl" gives emphatic eN-
rsssio To its appreciation Of the excellent results
that have attended the mission intrusted 10 d.
Rodrigues Moreover it says that II mas oee. - a.
thorzed by that gentleman TO discredt tne ru311 lf
nut into circulation, with respect to an 5
nificaton and conversion OF me 5nes not Vet
hermit of an operation Of this nature even DeII.s
pSivIns ~ Continue 70 strengthen the reserves
in london and consequently the interest," ser siCs
the Interested parties do not ask for
in these bliIl'S Va SOf4
s+antlv recurring strikes IN the cotton ana Wooeh
Industries might be interested in inquring whether
there is not field open for enterprise in EgyPt-
The government there has just been supper 'eu oy
a decision Of the Appeal Court in It's polcF "hI0h
ir,noses a tax OF per cent on the cotton faorics
manufactured in the country This tax mas IoF ''s
object the protection against local competition OF
the manufacturers Of Manchester and LiVerpooi'
whose products have TO pay custom mousse nu's
Of s per cent But the unexpected result Oh 'Ile
decree Of the Appeal Court is that the EsS P'ia'1
Government could apply the tax 70 'he Nli'
Weaving Society. which protested against H. pe-
cause the society is English one' but the treat
les with England authorize the leVying OF the IaA
II would be the same IN regard 70 ofaties would
and Austrian societies But frerch I+,o 40
he free from the tax. since treaties with frsC ,o
it ito' french manufacturers established in the
Pharaohs land would enjoy taeTeTore from the
per cent which has to be paid by t1elE , colI
prannfsctI1rers would enjoy the advantages
in any establishments they might start IN Eg{pe b
same footing as the French are themselves
The Review Of the River Plate" says that Ell
Pals" the organ of the Argentine manufacturers.
has discovered that the proposal Of the Standard
OIL Company of the United States, to estanhsh
large depots in Buenos Ayres and La Plata is hkely
TO develop a gigantic trust THIS does not al
atc- II so much as the fact that the fabulous
nroats,' that would be made would out of the
country: whereas if worked by Argentine capital
they would stay in the country Very pretty rea-
soning." adds the South American Journal.
y Ike the Sugar Trust. for example when makes
MS nav more for Argentine sugar IN Buen9S Ayres
than il can be purchased for in London Intortn-
na4el for FL Pals Argentine capital is very back
ward in coming forward for these little nnanclal
games-the Estancieros Freezing Company. tor eN-
ample.
Apropos Of the recent vote of the French budget,
II is stated that the national public debt amounts
10 AZ uiIliards If It to be paid OFF at once
France counting 3soooOoo inhabitants It would
make nearly 1000 francs head II would amount
TO 1880 francs If the departmental and municipal or
commercial debts were added TO the national debt
In regard TO the irnposts every elector pays in
France. exclusive OF the municipal taxes: 70 francs
the government, while EnglSIlfntn
nav only 50 francs per head. Germans 36 francs,
Ausrrfans francs. Russians 81 francs and Italians