380 



GUATEMALA. 



dent, and he is well seconded in his efforts by 

 the enlightened zeal of the present Minister of 

 Public Instruction, Don Deltino Sanchez. The 

 " Institutes " of Guatemala and Quezaltenango, 

 and the colleges for females in both towns, are 

 establishments worthy of a progressive govern- 

 ment and country. " Belen," with its efficient 

 staff of lady professors, principally foreigners, 

 excites universal admiration for its excellent 

 management and the rapid progress of its pu- 

 pils. This is the favorite educational establish- 

 ment, and here the daughters of the leading 

 members of society receive their education, 

 side by side with many who are maintained at 

 the public expense, with the expectation that 

 they will afterward devote part of their time 

 to the education of their less fortunate sisters, 

 as teachers in the public schools that now ex- 

 ist throughout the republic. 



The national revenue and expenditures for 

 the year 1879 were as exhibited in the sub- 

 joined tables : 



REVENUE. 



Balance from preceding year $21,617 



Customs receipts 2,510,869 



Taxes, etc 99,123 



Monopolies 32,805 



Reimbursements, interest, etc 13.869 



Loans 1,816,228 



Deposits 64,359 



National Bank 837,862 



Sundries 89,025 



Total $4,584,757 



EXPENDITURE. 



Administration $2,728,456 



National debt 1,000,382 



Railways 200,000 



Reimbursements 416,789 



Arrears 151,781 



International Bank 1,419 



Sundries 27,887 



Total $4,526,664 



Surplus. 



$8,903 



The national debt was officially reported as 

 follows on January 1, 1880 : 



Foreign debt 



Home debt 4,029,392 



Total $7,384,858 



This total shows an increase of $1,964,829 as 

 compared with the showing for January 1, 

 1879. 



In the annual report of the Corporation of 

 Foreign Bondholders, published in 1881, the 

 statement concerning the Guatemala indebt- 

 edment growing out of British loans figured as 

 follows : approximate principal unredeemed, 

 542,200 ($2,711,005) ; total, with overdue in- 

 terest, 712,392 ($3,561,960). 



"We transcribe the following extract from the 

 semi-annual returns of the International Bank 

 of Guatemala for the period ending June 30, 

 1881 ; the situation described therein being as 

 satisfactory as the showing of other prosperous 

 banks in larger commercial centers: There 

 are ninety-one subscribers to its funds, who, 

 on a nominal capital of $910,000, have paid up 

 $637,000. Cash in hand, $379,831.17; cash in 



agencies, $70,007.12; bills receivable, $1,202,- 

 825.90; various debtors, $233,510.63; shares 

 of the Bank of Salvador, $70,000; United 

 States bonds, $57,612.50, etc. Bills of the 

 bank circulated to the amount of $276,652. 

 The reserve has been increased to $64,000, and 

 the dividend-fund is $20,686.74. Discounts 

 during the six months footed up to $2,063,- 

 224.70. The exchange business during the six 

 months was profitable, and promises to be still 

 more favorable on account of special advan- 

 tages obtained for the bank in Europe, by Mr. 

 J. F. Medina, the former manager. The net 

 profits of the concern were $66,050.52 for the 

 six months, out of which a dividend of $500 

 per share was paid, or at the rate of over 14 

 per cent per annum on the paid-up capital of 

 the bank. 



The exports and imports, with the destina- 

 tions and sources thereof respectively, were as 

 follows for 1880 : 



EXPORTS. 



DESTINATION. Valnei. 



Great Britain $885,000 



United States 1,77<'>. i 



France 727,000 



Germany 860,000 



Various 227,000 



Total $4,425,000 



IMPORTS. 



SOURCES. Values. 



Great Britain $1.037.000 



United States 645,000 



France 536,000 



Germany 425,000 



Various 892,000 



Total $3,035,000 



The quantity and destinations of the coffee 

 exported in 1880 were as below : 



Lb. 



Great Britain 5,907,600 



France 6,083,884 



Germany 6,822.202 



United Rtatpa J New York - 8,192,165 I ... oo* mfi 

 Lmted States ^ &&a Francisco ^ 148 4 21 \ 11,335,606 



Balize 246,585 



South America 855,658 



Belgium 171.380 



Italy 40.3-0 



All other destinations 1 -.'..V22 



Total 28,970,207 



The imports from the United States were as 

 follows in 1880 : from New York, $141,591.43 ; 

 from California, $502,995.26 ; from New Or- 

 leans, $11,367.12 ; total, $656,913.81. The ex- 

 ports to the United States, in the same year, 

 were of the total value of $1,776,214.70. 



The work on the branch of the railway from 

 Escuintla to the capital had been commenced ; 

 and a concession for the construction of a line 

 from Santo Tomas, on the Atlantic coast, had 

 been granted to Larrondo Brothers ; distance, 

 240 miles; estimated cost, $14,000,000. This 

 new line, if built, will materially facilitate our 

 trade with Guatemala, there being already a 

 line of steamers plying between New Orleans 

 and Livingston, near Santo Tomas. 



Guatemala is now in the Postal Union. 



