Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-05-25


mediate neghbor-. She csored rsrudaton under the
concurrence ct accidents, whose repetition l. almost alb
surd u imagine. Had the Bourbons been undsturbcd
had the empire swung into power without the stormy pa
rcnhcsis the republic, probable that the nssgnats
would never have been issued The French debt fell m
the chasm which opened between the monarchy and the
piro. That a chasa fearful and profound exist
again. improbable The French nation has become
well Vcrsed in the Of throne shifting allow the
petition OF clumsy those which took place du.
ring the ihrocs OF the revolution The government NAV,
perhaps, be hberszed, may, perhaps, be senghened
but whatever may be the changes that take place. they will
take place by the shifting of the without the
ing To close. OF the power of France pay the debt,
there is doubt BY calculation which shall exhibi,
the close of this article will De seem the average OF her
debt to her population only one-sNth OF what IL is
IN Great Britain. IL will be observed, also that the
wealth OF France not be, fictitious that is
founded the agricultural and manufacturing facilities ct
the realm that in face OF commercial disadvantages 1t has
steadily increased and that fresh commercial facilities
are opened upon it, it will steadily increase The total
value Of the annual products OF the and
OF France is cstmStcd 1000 100000 francs. The
ucuar about ISOOOOOOO oi home materials, 226
100000 OF foreign materials 900 600 900 workman.
ship 900 of general expenses implements
pairs, lighting, interest OF fixed capitals and 200 900 for
the profit OF the manufacturer The entire debt according
Lamots Manuel de Ia BOurs, Pans $500 in January
l. 1882 amounted I457 996 francs The yearly
ieest OF the debt absors present about onc-hd the
yearly revenue OF the Kingdom which rated about
lOO,00O000. The English debt swallows up interest,
more than oneha of the out of which 10 be
supported
H..
wealth throughout the Russian empire, that the aggregate
drawn for the support state small in
parison the great bulk which
The moderate income of the has checked both the
empcrors in borrowing, and capitalists from lending
large The public OF the empire is rated
t3SUOOOOO0 rubles year. about S75,000,000. The
taxes partly iarmed at discount. and partly col
lcctcd by military agents, EXPENSE that II
umatcd that onethrJ the stream absorbed by the chan
mel through which passes. before reaches dcstna-
ton In times OF peace, the two sides OF the
Il in anfN info si
scale OF receipts rises in proportion that OF expenditure
is forced downwards. The expenses the army and navy,
the latter being about oncsNh of the former amounts TO
more than halt the revenue The next great Items are the
interest the public debt and the sinking funds the civil
list internal administration, public works. and, hually the
diplomatic service. What the debt h Is matter OF some
dispute. MIR. McCuoch it 956,337 ga rubes;
and the author OF the article ACKNOWLEDGEMENTS, in
the Conversations LercoR whose authority ncn-
ed to prefer states that, January l. lsiO 1t amounted
10 363ie1 rubles funded debt and 595, ubes
treasury notes. How much OF the loan OF $4,000 900 gull
des, made Poland 1899, for the purpose national
improvement included in the preceding calculation, it
would be difficult determine, the process of conso-
daOn has proceeded rapidly have destroyed AREA
dy large portion OF the individuality OF the nations.
w. The NETHERLANDS Next to Great Britain, there is
no country winch iees more heavily the buhcn OF heavy
taxation than that which included the kingdom
Holland The ways and means Tor 1910, estimated
at forms, under which head estimated the
sum oi ll.22OOOO FORMS which II expected would he
furnished by the colonies Ii be much wondered
that Holland whose merchants were, for long tme the
principal creditors of Europe should be the which
through ITS government, most greatly indebted. The IN.
terest OF money home exceedingly small, scarcely
exceeding on an average two and halt per and the
capitalist therefore, searched abroad which
might render him profitable To America during
the revolutionary war, TO France, at the period a.
well as at her subsequent terrible necessities the c-
zens OF the Low Counties extended the ample loans
Wherever interest mounted per cent, might be
seen the Dutch skipper. On the Jungcs Of India, the
canals of China, New Amsterdam well
ON the dykes Ut Holland, might be the fruits OF
| Dutch industry and enterprise.
In the Holland side OF the Low Countries however the
creditor interests seem giving way the debtor The
uonal debt according the report Of the minister OF f.
nances, October, 1870 amounted 500 900 600 Ger
man dollars, S266 to each OF It's inhabitants, being
ratio the greatest that be found among debncung
nations. The debt of Belgium rated, 1910. l2O
German dollars though from the magnhcence OF the
internal Improvements conducted by the government, II
bids fair TO be vastly increased We confess that the u
mate sovency Holland has been pJ ced in strong doubt
by tile more reports OF the OF finance
Since $780,, says Mr.. McCuloch 1.-The expenses Of the
state have almost uniformly exceeded the incOue and
has been, IN consequence, national
debt The Dutch too Sagacious people not 70 IN
What TINS state OF things must end ana hence the growing
dissatisfaction with the budgets advantage.
ous!y contract debt during buta nation, unable during
provide Tor her expenditure, must either rereneA
Ut prepare for bankruptcy, or perhaps TeUOlufi0R.
That 1t will be long while before the Dutch people
honest aud industrious both their constitution and then
dealings will consent either Of the two last remedies
we well believe. Retrenchmeni however. has been
tried, but tined in vain. Reirenchmeut when brought e
bear the interest of debt already incurred, Is
repudlaon aud though was adopted by Great Britain
after the accession OF the Hanover family will be long
fore dishonest will be repeated 1heinterostou
the Dutch loans amount but average, three and
hai per cent small a. l.. be paid without the
encOunierlng OF fresh obligations. New debts incurred
10 pay old debts; and is clear that, unless unted
experiment be adopted the top the ladder will be
reached The Dutch have, undoubtedly struggled maniu
" against the difficulties in their path They have cut
down the perquses of royalty low, that their king
not muchmoTc than head burg6maser and they have pared
away the protective duties with which their home produce
coated, l the maximum Of has been
procured Go farther they cannot. Their government
they cannot farther change without revolutions; and if the
tarh should be reduced much mOre il will exs
altogether The bankruptcy OF a nation, which, for nearly
century, was at tie head Of the commerce of the world
whose character Tor integrity for soundness and for wea
has existed a long Its national Independence spectacle
which carries with it moral, whose meaning is but
clear. Dr. Paey tOid Of his friends that he Away
made his wife and daughters shop with ready money
formed so good check upon the Imagination. II wou
have been WELL IT similar rule had been made imperative
upon Great Britain, upon Holland, and upon these Unite
States when they employed themselves either with
/ internal improvements.
V. SPAIN When recolec the utter prohigacy of th
Spanish government the repndiaOn well the
sion OF its obligations will find great difficulty IN com
putting the total amount OF is present debt. The gross
Of the Spanish revenue Is estimnied s50,00000
reals, or about Si5OOO,OOO though should suppose
from the struggles made by the government for the negota
ton Of large loans for purposes ordinary expenditure thu
| it much lower. From the ministry, whoever they mat
he; true report can be expected. According 10 the semi
ofcia statements brought down far October, 1871
the total debt Of Spain amounted l,l6O96s 0l7 reals
or about S77j,OJO0j0; Of which the internal debt
mounted to s,9oj279 reals. aud tie external debt
every description 10 j,Sil ,9s2165 reals or very nea
S3l6OOO,OOO large amount OF the total Is due Il
the English, though the interest has not been paid for on
period Of time
The debt Of Spain owing rather governmental misman
agement ruthcr than to national poverty We believe tina
under prudent and permanent administration Spain wOu
he not only able to recover her past position. butte redeem
her dshonored obligations. Vast her resources,
powerful her people, and the liberal government that ha
been Instituted only take root her may be
more great among the nations. The later ministers hay
gone great way already redeem the dsgraced choace
Of their country by their anxiety make good it,
though shaken engagements. The value Of the unsod
onal property belonging the estimated by
nor Mendzabe, on the 22d Of May, 1910, nearly $3.50
OOOOOJi and ~ sales were effected IN the following year
the amount Of SsO,OO0OO0, It's value still 10 be rated
SlOOOOOOOO, the whole Of which pledged the iquida
ton Of the national debt thorough reform in the reasu
~ letting down Of the absurd hereditary tariff an equal
ZuOn Of the internal would Annually