Weekly national intelligencer., 1848-04-22
FURTHER DETAILS OF EVENTS IN EUROPE.
conRrsrospnses OF rHr NEW ronK COURIER.


republic have remained essentially unchanged since hedae
OF my last The Provisional Government evinces the anne
scepless energy; the People the ieryent enthusiasm
The formidable difficulty the administration has to
the tremendous arrangement Of all the monetary
Of the country, and he intense pressure upon the naona
treasury The public funds have fallen enormously pro-
perry Of all kinds has greatly deprecated Bankers
ca houses manufacturing and trading associations havebeen
pressed with the urgent necessities and been obgd
impotune Government for relief Failures have occrred
among the oldest and heaviest banking firms in the city Gold
commanded higher price run has been mad up
the Bank of France, which in fifteen days REDUCED the
specie in its vaults than fourteen millions Of dollars and
preservation has at last forced this institution which With
stood the panic of invasons refuse, for the time
in its existence, the redemption ofs bills Pecunayy dtress
is universal II be expected that any Government
be revoulionzed without mparng terrible shock II its
financial operatons still less be expected Of Fnnce,
where sound doctrines oil credit far from being genraly
understood well applied boarding disposition prvas
among the French people at large; and little confidence had
in any other representative Of value than specie. Pape ob
cations generally held with uneasy hand, and pre-
scented for payment on the slightest scent of danger
The consequence is that every State emergency Ike the
present capital withdrawn, the circulation sraisned and
the financial energies of the country lamenay Grip
\
verge Of bankruptcy. The Revolution of 1880 caused
dsorganzaton of trade and credit which took years to
medy. How could it be expected that the Revolution of
ls4s, equal in magnitude either, would escape the
caamiies The disaster was inevitable. Yet another cause
independent of the revolution, hreeud aggravated its
ry, to wit, the wretched financial pdcy Of the ovehrown
Government No part of the administration of Louis Philippe
unhappy managed than tht Of the public treasury
notwithstanding the Of the cuntry by its
cia prosperity, constantly increasing the Napoleon of
the seventeen OF his added 80 900 000
the consodaed and 1874 000 900 the floating debt Of
the natonthe latter existing principally in the shape Of
chequer bills and treasury bonds BY tbs prodgaty he
duced in period Of profound international peace, the three
per cents of Government to the beggar worth of seventy
three cents in the dollar The republicans had not only
the semi annual dividend upon hes bonds which fall
due the present month"; but has also bee obliged to
tremendous upon the Savings Ban the deposites in
which amounted TO than S70 000 co. the great
Of which had been invested government tocks, that
not convertible into money without immense loss. The
republican treasury has had TO all thee liabilities
time when its have been greatly diminished by the
necessary abolition Of the stamp upon newspapers,
profitable OF royal income
In this period Of universal commoon and uncertainty the
standing army at all events be maintained, which inn
poses monthly expenditure of and bal millions Of dol
lars The internal improvements and pubcYorks already
progress be prosecuted else abandeied runoas
sacrifice. Additional treasury notes cannot issued, since
they would hardly command half of their damnaiona
lue. The Government and the people bnyey struggling
to these difficulties A commission OF experienced
hnancers has been appointed to mature, conjunction with
the Minister OF the Treasury, Of eef For the
assistance OF private credit national banks G discount have
been established in Paris aud all the princp Large
capitals have been subscribed twelve millions Of dollars have
been contributed BY the General Government and many Of
the institutions have already gone into operation To aid the
treasury the civil list has been suppressed the of
five millions OF dollars. sale has been d-ceed Of twenty
millions worth Of the forests OF the State and also Of the royal
main, the diamonds of The crown, and the plate Of the
Tuicres and Neuily. subscription has been opened
national oGn Of tto0 hundred and ffy millions gf francs,
and two banking houses have already subscribed each
/ than million.
Mutudes of the people pay their taxes before they fall
due aud in oil the wards Of the city pledges circulating,
the signers which voluntarily impose upon themselves
fourth than the Of their regular
Individuals besowing upon Government the most liberal
donations. Instances OF the nobest magnanimiy La
boring who worth five hundred francs nhe world
bring their all and lay the feet Of the republic Govern
men has thus been enabled to pay its March Dividends not
only puncuay but most OF them IN advance Yet the
Savings Banks have been obliged suspend payments,
that which nearly equivalent they allow those who with
draw their deposes only tenth ia cash the remainder
paid Government stocks and bonds at par, which are
fact worth less than seventy five cents the dollar
holders Of the roydib0nd which constitute So 900
Of the ,ating debt Government has presented The aena
tive OF having the payment Of them adjourned for months,
exchanging them for scrip Of the national loan, bearing
teest at five per cent To recruit the Treasury upon all pro-
prctors additional of fory-fve cenmes has
been made all the direct State for the year lsis.
Government has made the bills Of the Bank Of France legal
tender restricted its issues three hundred and y millions
of francs, authorized il emit bills Of huudred ancs
and enoned publish expose OF its condion every
eight days. in the Moniteur What the effect Of all these
financial will be- pretends to divine with
any certainty.
Notwithstanding these embarrassmeots, the Provisional
Government still vigorously prosecuting its work Of reform.
Old grievances disappearing, and laws and regulations
fast taking their places. Nothing is left undone TO for
ward the great interests Of the nation The Government
only has legsate, but it also has daily and
bpond to deputat after deputaton which throng lis DOORS
soaring fectous adhesions sympathes suggestions soca-
tions complaints and opportunities innumerable English
Charists Irish Repealers, Americans Germans Swiss Ia
Iians Norwegians, Hungaans Greeks and Africans, the
boys Of the schools the Of the shops, the Of
Wagram and Auster and Of every trade and profession
from printers down poultry Dealers have all been up the
Hotel de Vile TO bold bg talk with the chiefs around the
council fires OF the nation Even the blind and the deaf and
received with proper dignity and courtesy, and a-excep
the light fingered class last menonedgo away shouting
| Wire Ia Repubigue!
The National Guard has been entirely reorganzed-al ci
between twenty and y-fve entitled to enter its
ranks It's numbers have increased from eighty thousand
hundred and thirty five thousand and now the real
army Of the republic battalion Of Polish refugees has been
formed and will make very effective troops The election Of
officers throughout all the egons is about take place. and
every where exces the veliest interest
Preparations already making for the election Of the nine
hundred members OF the National Assembly and party lines
assuming considerable defneness All regard the repub-
lie fixed fact" and give il their adhesion aad sup
prt yet the members Of the old gtis Theirs and Baroi
n