The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-22
CounlrN.
BIO 3 5000 COO

This most extraer binary table, and sufficient to
ssrte every one in this country When compare the
annual expenditures Of the United States with those Of
any country in Europe, thoy triang, and compared
with our resources bagatelle The debt of Great
Britain amounts to than half Of the aggregate
indebtedness of the European powers and is
to crush any nation in the wide world OF the annual
expenditures of Gres. Britain, $l32 merely
fo interest the national debt about quarter
OF hs annual expenditures Of France Is for interest
the public debt In the of these debts being repu
dated alarge item of taxation is removed once aud
the people comparatively free from oppression II it
not for tbs national debt of Great Britain the peo-
pls OF the United Kingdom would DO able to bear up
little longer against the form Of government they live
exist under
Tho extinction Of the immense national debts of
Europe is not the only thing the people want, that
the people will ultimately have It may be that other
countries the Continent not well prepared and
that for the present the revolution will be confined
France; but 1t cannot b. kept within such limits long
Belgium, Bavaria Italy the Slces, Span and Portugal,
perhaps not far behind France In this movement
and unless tho governments those countries make
great esons to the people, the tide Of republican
sms must sweep them from existence It is not
tain that political concessions will suffice to smother the
revolutionary rprit abroad 1t is the oppression from
much from political restrictions that goad
the people and makes them despsrate and 20 long
the debts reccgnz ad} there be
lief.
In the event Of tho people Of France consolidating
republican form of government and doing away entirely
with every vestgs royalty the system taxation will
have to be completely chapged-a new government es.
principles similar to those of this country
svy tax large enough to pay the interest
the Immense debt and meet oil other expendtures--
Ths stone Of all republic, moderation Of taxes
and repablic stand where the demands upon the
psope for the support of the government excessive
We have shown that the interest the debt Of France
il about eighty millions of dollars per This is
larger amount than the aggregate amount of taxation
in this country for all the support Of tho
general and State governments and all the local govern
rents in the State for the payment of interest all
pubic debts and for oil and every public purpoee
known This constitutes greatest strength and
ong continue economical In expenditures, we
shall in prosperity, and form Of government
increase in strepgth.
The taxes Of France under order Of things will
bs reduceda least fifty per cent and tho psople will
joy rights and privileges II republican form OF
government Is properly administered at one half tho
expsnse. The effect of srca tremendous revolution
IA the financial affairs Of France and that threatened in
finances OF other naous must be Of the most dsas
trous naturs. 1t must sweep hundreds, and perhaps
Thousands, from existencc, and ruin many who have
lions The effect Of such ohangs upon
mercial affairs cannot be otherwse than dis
sstrous, as It destroys ell oondisnce intimidates
capitalists interrupts trade, and produces state OF
things much aarmog than have had bsfore for
many years. The revul.ion recently experienced 10
Great Britain, and in parts of Europe, trae COM
pared with what is likely grow out of the overthrow
of the government in France This will be tAs real rel
vuson; and 1t 10 probable that will feel the effect OF
1t much more sensbly than did the last Tnis will
be political, financial and commercial rovulson; and
so far Europe IL concerned, can tell where
will step. We ore infinitely connected with tbs
principal European nations in commerce. that auy very
serious interruption to trade or any movement pro-
ducing general bankruptcy among the commercial
classes would cause losses on this side, and
progress worry materially In the event OF
general war in arops, should occupy much moro
favorable portion; but that Is hardly possible. France
will be left TO arrange her internal affairs IS every
European power has than IL can well
complish in prsscrvieg psscs within its own tor
r,tory Mons Of them dare attempt to force France
from the position she has taken, and all the dipo-
macy they capable Of cannot restore the past go
vernmsn check tho progress ofpubiican principles
There f. therefore, ct present, very little prospect Of
general among the nations of the old world and any
advantage might rs neutral, derive from suoh q
state Of things Is pct trust In the womb Of time
As 1t Is and Ia likely to be, must besr part
Of the euiss and losses growing Of the extension
Of our principles among the kings AMI ptircp Of the
world.
pepdtures Of tho Rensselaer, and Saratoga Railroad
Company the aggregate costs &c. up to tbs olose OF the
p est yesr;-