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

of the American war, in
IT'S, lbs 5s3.635 4,i7l.57l
Debt contracted during the
American war. 1926 1893 4,9sO,2Ol
Debt at the conclusion OF the
American war, IN lIS4, 2i9,S5l ,62c Si5l,''2
to 1893, lO,5Ol $50 243,277
Debt at the commencement
Of the French war; in 1898, 239,35Ol4S 92Os,4S5
Debt contracted during the
French war 6Ol,5OO34s % sas,659
Total funded and uniundod
debt on the LIST of Febru-
AIRY, 1917, when the En-.
gsh aud Irish exchequers
were consolidated, s4O,s5O49l 32O3s,29l
, Debt cancelled from the LIST
OF February, 1917, to the
9Th of January, ISIS, 1854 049 2,516,163
Debt and charge thereon, 9Th
Of January, 1885, f792 3O6442 Egg, 46l, SOS
Many serious considerations should be taken into
when computing the period OF the liquidation OF the
English debt Great Britain, said lord Brougham is under
recOgnzances in the Of fSOO 100000 keep the
peace; and worthy Of inquiry whether peace should
be broken, the penalty will be forfeited How that great
load is be removed, know not Sinking funds have
been devised, which have augmented the debt by the
raons which to lessen it, and after serving
reservoirs for the support OF eNiavagant appropriations
have been exhausted and broken up Compensatory
have been imposed whose has been seized the
security OF debt, and for the quiatOn OF the old
Even within the last few years within which the precec
ding table has been carried the expenditures the realm
Notwithstanding the annual absorption of bullion from In.
dia, Notwithstanding the occasional extoron otbute from
China have fallen without the Sir Robert Peel
ruptcy commendabe his candor avowing It, has
given proof exhausted the resources
by ms adoption of the income which Mr.. Ad-
dngton feared enforce during the stages of the
continental struggle and which Mr. Fox, the parenhe
sis OF his short though brilliant administration, unable
extend. II be recOleced, that extngushmen
at the funded debt only be the work OF years. that
millions year. appropriated specifically ITS iqUIdaton
would accomplish the whole till eighty years
passed. and that far from there being surplus present
OF ;hat amount there IS almost corresponding deficit
That the funding policy, both Of the Wing administration
Of Sir r. Wapole, and OF the tory administration OF Mr.
P dangerous in the Its consequential H.
iuonce, Will be readily admitted We believe that
satisfactory precedent be found for the Reputation Of
owndays than the reduction by the English govern
ment, between l7l6 and 1921 of the according
the funded debt from six cent TO three and halt
We scarcely know striking instance OF
ilona iifaith than the appropriation by Mr.. Pitt and lord
Henry Petty OF the sinking fund pledge 10 public creditors
20 the purposes Of temporary Such precedent
require the Intervention OF strong overriding hand Ia pre-
veut their repeuon and for the honor o the An
0-SaKon r1ce. both the country from whence origin
dated and in the country in which its later
have taken root that the principle which they based
will be crushed signally and forever
H. France. By the statement Of Islander the French
debt ia $780, comprised 3,273,3l3240 francs five per
cent % francs four and half per cent, 3516
$50 francs four per and $40 80 francs three
per making altogether i5l5 sos 1874 francs large
portion of which process of rapid liquidation In
1889 the interest charged Of the public debt
consisted Of the following items the principal OF which has
since then, remained Stationary
Francs.
Interest on ; per cent stock I45,O96672
Interest 81 per cent stock l,026, 600
Interest on 4 per cent stock, l0,46I,4l2
Interest on per stock, 34,I9S,Ol5
Sinking fund per cent stock 14,6l6,1b5
Interest and sinking fund on loans for bridges
aud canals 100000
Consolidated debt and sinking fund.- 2i7,6l2,I62
Interest of cnpitaux des cautionnements 100000
Floating debts, IOOOOOOO
Annuities, or dette vagon, 4,656,OOO
Pensions, 60lS6,130
Total, 1871, 4s4, 292
The national debt Of France was a main instrument in
bringing on the revolution, and the dynasty and the
cntaed encumbrances Of the empire were thrown oil to-
gethe We confess, that the French debt appears
have had less share than has generally been assigned
in the production Of that great catastrophe; because in the
rst place, II amounted to than 10000 900 yres
only one-sxth Of what supported with such cheerful.
ness under Napoleon and because the second place.
there enough for the desperation OF
the French peasany, without esorng the doubt
tu Paiaton of financial sensbiiy They taxed hea.
Willy; but they were taxed far for the support Of pres
ent eNuavagances than for the payment Of inherited debts.
. am accountable God and my own conscience" said
Louis XIV, as he marched in with whip and spur hand
upon the refractory parliament Had the taxes thus raised.
been devoted TO the urherance Of great national con-
quest OF he humbhng OF some ancient national foe the
French might have submitted the yoke Ii was the mo-
noonous nsgnicanco Of the expressions which they
made 20 bear which aroused last their indignation
They were willing to be driven in myad to the vol
lcys Of Austria the OF Russia; but their nature
VOTED against the ngoous usupaon Of the old refine
Like show horses n the circus, they whipped without
iniemison around the ring which described their
cX-cncc WHILE their backs perchod the puppets
and creatures # the court who showed FORTH for the a.
nuscment Of royalty; the most groiesque and the most
wcausomc antics Who wonder that the fury of the
bearer was not rousedl 10 proportion, stated in
former paper tins branch Of the subject the popular
distress increased, the royal extavaguncc expended No
less an 10000 pough-bores, best but awkward ca
Naic'at were struggled away IN prossgang 10 flank the
tnumpna entry Of the young Dluphiness. An army Of mil
ne were sent in advance Of her equpage dress with
ginnds the villages the road through which she was 10
Pos scarcely had her rear guard emerged from the scene
q" we '.i o'pay, when The gaa-day ruppings were torn
oh' and burned away by byf1ad t1 form tbe sppa-a g
the town next n order 10 b. no wonder that the Young
stranger wondered ihe uniform gaietv of Am, French y
lagos The oil which had been aid away for the frYgs
uses Ut the ensuing winter, confscntod for ono r
display and when more suitable ornaments coYd MT be
found % decorate the rapidly thrown no arch t5. t.t
gardens OF me poor Were rooted up make GOOD s def
cheney "Ffance is in her honeymoon said t6. 60,
aus ~ the Ineau' which had been slowed aWny f,r
She senson which was approaching. were s'rgrd down
and concentrated into costly jcles, % sruss tt. ,,
late Of the visitors. At The moment Of the vge6d,,y G,
ties, martial Law proclaimed n Besancon and az rogrs
During the same week 1000 Of the citizens Of Ia Marrbs
and The Limosin persisted through starvation. pampi-
Published about the ime similar in scope 10 Sws prop,
sa Tor eating IRISH children, suggested that the ~ millions
20 b. applied 20 letting the Dauphncs, should be arpropu
atod % thc absorption Of The iaxcs. Had the plan met with
favor her wedding might have been les splendid but her
late would have been les fearful
The repudston Of the national debt was much moro the
work 81 the than u the cvoluuonsts Neckar pro.
pscd % reduce ny economy in palace and lem
poraV sacrifices by c naon but while the people sgnfcd
their nssent Louis ANl always waiting surrender oil
che period when capuat0n late rejected boh pa
aud premier When the deed DONE the error was ds.
covered. bot The King, whom Ncckar last recalled
found that thu popular consent 10 anything else but Legal
rct,cnchpcnt. had been ctraced The debt was wiped
away hy transfer Of securities as u styled and those
sho d0uScd the capacity Of France 20 sustain IT, lived 10
experience he prompt assumption and rsady payment u
tmes IT, amouni, during the more acceptable o. q Ne.
p1leon
Notwithstanding, howcver The dishonor Of her old oblga
tos. bet consider he present debt Of France