Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-04-15

actona success gained by the mass over those who Is
said wished impede the progress Of the republic is
impossible to misunderstood the light in which the people
themselves regard their victory il Is celebrated triumph
and something This rupture between the National
Guard and the bulk Of the people additional element Of
anxiety In the already gloomy aspect of affairs"
This procession intended in the first place. as
manifestation OF the confidence felt the working classes in the
Provisional Government, secondly. democratic
poe 70 inc arsloerac peenons shown by the companies
ee oil the National Guards the preceding day and
the last place. demonstration Of the organized strength at
The disposal OF the republican party the any attempt
at reaction OF the part of The monarchists.~
The opportunity seized present petition demand
ing ina. he elections OF the officers of the National Guards
should be postponed that all the troops Paris hey very
few numbe should be away and that the for
inc National Assembly should be postponed till the 3ist of
May The Provisional Government has already acceled
one OF those peons the second has been virtually acceded
10 ana the third, though contrary to the interests of the
country and TO the wishes of the people, will also be granted
because the clubs have chosen TO demand it,
THE FINANCIAL POSITION OF FRANCE.
The Moniteu contains the following important
exposition of the financial condition of France:
French REPuBLIc-LIBERrr, EauALIrr, FnArERsIrrl
Report made 10 The Government the Financial situation
Of The Republic By the Minister Of Finance, member Of
the Provisional Government
The country wishes the truth as to the real state
of its finances The Provisional Government Of the Republic
is DESTROYS to state the truth 1t is its duty, IFS interest," its
right The Government will tell the entire truth, without
hatred without fear, but likewise without reservation enter
the facts
Public Deb-on the LIST of January ls4i the capital of
the public debt the Government stock belonging sink
ing fund being deducted, 4,267, 402f On the
of January ls4s it amounted 49, 1907 Far from
taking advantage Of long peace reduce the of
the debt the last Administration augmented in these eor-
nous proportions-9l2, 329, 1881. in seven years
Budgets.-The budgets followed the progression Of the
debt Those of 1929 1889 amount LOLA 9l4 OO0f
The entire of the credits placed at tie disposal of the fallen
Government to the year SAT amounts 639 &c.
Notwithstanding the successive increase of the receipts the
budgets presented each year considerable deficit The
penses from 1910 ls47 ncusivey exceeded the receipts
by 6O4 000f The deficit calculated for the year ls4s
49, 000 000 without counting the additional chapter sup
Elementary and extraordinary Credits which will The
total amount of the budgets to the charge of the last Admins
Iaton to $50, SIS, 000f
Public Worhs.-The public works heedessly undertaken
simultaneously, at all points of the territory, satisfy
encourage electoral corupon and with that which
prudence mperousy commanded, have raised the credits
1851, 600, 000f From this to be deducted the
reimbursed by the companies amounting 60 000 000f
the last oan O00 0O0, making together 242 00O O0Of
and leaving balance of S39 000 00Of Out of this
435 00of has been expended of the of the
floating debt and 400, 900 000f still remain be expended
the completion Of the works.
Floang Deb-The floating debt increased in proportions
not less considerable AT the commencement of 1873 reach
ed amount of about $50 00Of At the date Of the
Goth Of February last exceeded 670 O00 000f which is
be added the Government stock belonging the Savings
Banks 202 000 000f, making altogether s72 000f I'M
der such system the position Of the central Office Of the Trea
suy could not be often brilliant During last days Of
IFS existence the fallen Government expended more than
294 500 000f beyond its ordinary resources 000
per day. In order to defay these expense the Government
of the exKng drew from three sources produced by royal
bonds, loan, and the savings banks From the 18th of
April lS47 to the Goth of February ls4S the Treasury
bonds issued increased from So 0O0 000 $685. 0OO 009f
The nsamens Of the loan contracted the 10Th of Novem
be lsi7 paid into the Treasury, 10 $4,000 0OOf
yet known whether the remainder OF the loan will
be paid As to the savings banks every body knows their
deporabe history OF the 1856 600 O00f paid the hands
Of the late Government find only go, 0O0 000f paid
into the Treasury The remainder disposed of the
purchase oil Government stocks sharewhence follows
that the fallen Government rendered impossible that it could
reimburse the depotes if called Such, citizens is the
real financial situation which the monarchy bequeahed TO the
republic. The republic accepts it but urgent that
medy should be applied to the evil But in what
What must be done the working of the different
branches Of the public service to establish public credit
really solid basis provide for the continuation Of the public
works undertaken, and ameorate the condition of the people
WISE energetic and prompt must be adopted The
following those have already pracsed, that have
the honor TO submit to the decision Of the Provisional Gov
eminent.
Sinking Fund-The sinking fund ought to be maintain
ed 1t engagement contracted by the State with
dto and this engagement must be fulfilled But the fallen
Government had disposed of the Of the sinking fund in
advance. When Government stock fell below par were
reduced 10 the alternative Of either supndng the public works
in order continue the operations of the sinking fund.-
allow the public works proceed by giving, hitherto,
Treasury bonds the sinking fund.- place Of cash. The
latter had the double advantage Of securing bread
those who had none and Of leaving than 500 000f
day in specie in the Treasury Il imperiousy
demanded by circumstances and adopted it, have deter
mined that the sinking fund shall continue Treasury
bonds in place Of specie
Treasury Bonds The bonds issued amounted the 24hof
February ls4s, 329 $780, O00 certain number OF these
bonds short date but in general they regularly
distributed the different months OF the years s4s and
s49 The collection Of taxes being accomplished with the
greatest facility Citizens in their patriotism consider du
carry the Treasury the Of their for the
current year. The payment of the Treasury bonds assured
merely propose FIX the interest all without distinction,
at five per cent
Savings Bdnk-Notwithstan the most energetic rep
resentaons the Government OF the King rendered i'm
possible that could maintain its engagements with the
dos Of the savings banks The pledge demandabe plea
no longer free in their hands When assumed
The direction Of the finances Of the State the afternoon Of
the 9TH Of March, the property Of the depostos placed
follows In the Treasury at per cent? S. 703 620f 40c.
in per Government stock, 81, 1906 1907 Csc in Gov
per cent stock, 202, 3l6 Use in per
Government stock, 81 0s4 447f go shares Of four
canals IA O59 l20 shareso the three canals 4sls2sf
rs making altogether 355,0s7,7i7f 32c Perhaps the
new Government might have said to the creditors Of the
ings banks "such is the pledge which the Government left
US in which you placed your confidence take it," Such
mode Of resolving considerable difficulty was not unjust
easy We have rejected it. Government securities
being deprecated the Of deposes in the savings
banks would have had to suffer loss less consider
able and did not wish TO impose such loss them.