The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-31

Total. 100000 600

This increase IL equal to hundred and eishty-two
millions OF dollars In period Of seventeen years This
increase has been produced entirely by the ex-
csss Of expenditures over income, during q period of
almost profound peace This Is the reform the people Of
France ralizsd from the change of government in 1885,
change obtained at the cost Of hundreds Of lives and
immense individual sacrifice and national loss During
tho seventeen years Of the citizen king the public debt
was increased about twenty per The innumera-
bio wars In which France has been engaged the i'm
inense expenditure growing out of these wsrs failed to
increase tho burdens Of the people rapidly the
policy pursued by the Of that
icy It's not strsnge that revolution has swept away
every vsgs Of tst power but 1t Is strange that the
people Of France ,sors up go long under the
nous taxes which such immense debt re-
qured. France has been the most heavily taxed
country on the face OF the globe The income
ston for many rat has been larger than that of
Great Britain. THO expenditures of the year ls47
were estimated ct IA francs sque to 1921 s4
$685. The income for the year was estimated at about
100000 fancs equal to So below the expend
lures showing deficiency for that amount to be made
good by an accession 70 the public debt had the old 60
vernment remained in power Although this deficiency
large an increase the income Of the previous year
OF $4,000 goo francs was estimated. The revenues Of
France to meet tho such an immense amount
OF taxes are limited, pared with Great Britain and
extraordinary that the people have been able
s more that they have been dsposedto
pay them ap to this ms. The debt of Great Britain,
- we have shown much less than 1t ives twenty
or thirty years ago and the rate Of taxation In the
United Kingdom has bsen reduced since the close of
the while the dabt Of France has been steadily
increasing and the rate Of taxation rapidly
The recent revolution in France brought about
directly through the eject Of excessive taxation liberty
OF thought and action being the Hrst prime of the
opposition, and attempt 10 suppress that liberty
the principal cause Of the outburst which swept away
every thing shsdowng In any respect monarchica CO.
vernment and gave tho first Impulse pure republic
Had Louis Philippe been wise enough to have increased
the elective ranchsehad the number Of electors been
increased from two hundred thousand to million
he would have been sufficiently strengthened IN power
to have held his throne for many years Longer in
the face Of the onerous system of taxation CNRoesous
from time to time would have given him lease of
the royal premises and no would, in all human proba-
bity, have died in power-kng OF tie French. AS 1t is
he is exio-and will doubtless die in foreign land
France will become republic, not merely in name bui
Ia fsct and tho people, having the power in their
hands will sepudate The bulk If not the whole of the
public debt The old system Of taxation cannot be
forced, and the representatives 81 the people will not
provide for the interest such immense debt, in
forming = new system. The people not 50 fond Of
taxing themselves q, to ray two three hundred mil
lions Of francs annually for the interest on debt
racted by monarchica for the purpose Of
fortfying themselves against the Masses
1t Is fortunate for the Rothsohilds that the whole
the last loan taken by them ba, not been paid In The
last three cent loan Of 600 francs was
traoted the 10th Of November last The only hid
ders the Messrs Rothsshilds and the conditions
were 500 900 francs to be paid the 2ad Noveu
ber 900 francs on tina 22d Of December 900
francs on the 7th Of January, ls4s and after that
100000 francs monthly up to November, lsa9. The
nstaments paid up to the commencement Of tho revo
luton amounted to about twenty per cent Of the osn
80 that if tn. price should range below ffty.nve, tho
holders will abstain from paying up the balances.