The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-04-22

We WIN not he borne Whiongerb ny brute force
we want justice aud will have it," Sweden,
Belgium. Holland, Denmark, Austria, Prussia,
aud the lower States of Germany are all now in
the ,chool Of reform-granting larger rights to
the peope-greater privileges to labor--and les
sening, If no, limiting by law, the claims Of the
fep.
We said in our last that the PorE would grant
a constitution to Rome. lie has done so. We
present an outline Of il.
The College of Cardinals (chosen by the Pope
Is TO b. constituted az Senate, inseparabe from
the same; and two deliberative councils for the
formation Of the laws are to be established CON
sisting Of the High Council and the Council
Of Deputies
The Judicial tribunals are TO be independent
OF the Government, and no extraordinary Com
mission Courts are TO be in future established
The National Guard is 10 be considered an in
stituton of the State,
The Pope convokes and prerogues the Legis-
lative Chambers, aud dissoves the Council OF
Deputies, being required 10 eonvoke a new
Chamber within three months, which will be the
ordinary duration of the annual session. The
sessions are 10 be public. The members OF
life, aud their number is not unlimited. The
qualification of Senator is the age of 30 years,
and the plenary exercise Of civil and political
rights.
The Senate will be chosen par preference from
the Prelates, Eeclesiastie, Ministers, Judges,
Councillors Of State, Consistorial Lawyers, and
the possessor of an income of 1000 scudi per
annum.
The Pope will appoint the President and Vice
President.
Turn we now to France. Its financial con-
dition is bad. Though long, We copy GGraie,.
Pages report of 1t. Showing that Louis Phil
Iippe had left The nation bankrupt, anG that the
Revolution had only exposed, not created that
FRENCH REPUBLIC.
Liberty, Equality. Fraternity
REroRT made 70 the GOrsrHmem Of the Financial
siflatioH Of the Republic, ~ ihe MiHisteT Of
Finances Member Of the PROVISIONAL GOpTR-
WeIf.
The country wishes 10 know the truth AZ To
The real state of its finances. The Provisional
Government OF the Republic is DESTROYS to state
the truth Ii is its duty, ills interest, its right
Dut hatred, without fear, but likewise without
reservation. enter on The facts:
Pebble Debt.
On the LIST of January, ls4l. the capital of the
public debt, the Government stock belonging TO
The sinking fund being deducted, was ,267 g D.
i02 francs. On the lst of January, lsis. il
Ia 5,ls9,6iI,s 80 francs. Far from
aking advantage Of so long peace 10 reduce
ihe amount of the debt, the last Administration
II in those enormous Proportions--
'l2, 32S .32s francs in seven years.
Bsaxes.
The budgets followed the progression Of the
Of 1929 TO 1890 amounted to /, -
Ola, 1900 francs. The entire Of the credits
placed at the disposal of the fallen Government
10 the year ~, .amounts 10 ,il2,9 8, 639f 62c
the successive increase of the |
receipts, the budgets presented each year a con-
siderable deficit. The expenses from $50 &c |
si1 inclusive, exceeding the receipts By t0l,- |
'25, O00f. The deficit Gale for the year |
o4> il Il, OJO,uOO francs, without counting the |
chapter Of supplementary and extra |
ordinary credits, which viii raise the total |
amount of the budgets on the charge Of the last |
A Illustration TO 652, 525 900.
PsbIIc works.
The public works heedl-ssly undertaken |
at all points Of the territory, TO /
'atisfy or To encourage electoral corporation, |
md not with that reserve which prudence so inn |
'eriously commanded, have raised the credits To /
,Ocl coo ,OOuf From this sum To he de- |
iucted the sums reimbursed by the c0mpan les, /
amounting 10 $4,000, OO0f; the last loan, ,s2,-
MO, O00f Dat Of tins sum AS ,O0O, 000f have
been expended sut Of the resources of the ioat-
ng debt, and iO4, 000, 000f. still remain 10 be- |
n pended on the completion of the works.
Floating Debt.
The floating debt increased in proportions not |
ess considerable. Al the CONNIE ncemenG of /
53l il reached an amount Of about 2JO. OOO, 0D0f.
4; the date Of the Goth Of February last il ex-
eeded 90 u00. o0of. TO which IL 10 be added the
Government stock belonging to the savings
,anks, 2r2 00'l .O0Of making altogether ei2 GtO,-
D00f Under such system, the position Of the
central Office Ct the Treasury could not often be |
brilliant. Daring the 26s last days of its eris-
ence. the fallen Government expended more
han 29i 500, 00of. beyond it's ordinary resources
n 100, 0OOf per day. In order 10 defray these
Npenses, the Government Of the ex-king drew |
rom three sources, produced by Royal Bonds,
oan, and the savings banks. From the 18th OF
APRIL, 81, to the Goth Of February. SIS. the |
Treasury bonds issued increased from - ,000,- |
lO0f to 325, D00000f The instalments of the |
oan contracted on the 10th November, lc41,
'aid into the Treasury, amount TO e2,O00,GO |
L is not yet known whether the remainder Of
he loan will be realized What is certain is |
hat the Treasury bonds must be paid. As to the |
avings- banks, every body kno WIS their eplorable
history. OF the $4,000, OOOf. paid into the |
lands Of the late Government can only find |
~, 0OO, 0O0f paid into the Treasury. The re-
nainder was disposed of in the purchase OF
Government stock or shares. Whence il fol- |
ows that the fallen Government rendered il I'M |
possible that il could reimburse the deposits il
allied on. Such, citizens, is the real financial
situation which the Monarchy bequeathed TO the
Republic. The Republic accepts it; but it, is |
argent that a remedy should be- applied TO the
.vil. But in what manner What must be
lone to insure the working Of the different
branches of the public service--to establish pub
ic credit on a really solid basls-provide for the
,ontinu alton of the public works undertaken,
and ameliorate the condition Of the peoplel-
w Use, energetic, and prompt measures must be
adopted. The following are those have alrea-
1y practised, or that | have the honor 10 sub
nit 10 the decision Of the Provisional Govern
ment.
sinking Fund.
The Sinking Fund ought to be maintained.
II is an engagement contracted by the State with
it's creditors, aud this engagement must be full
filed But the fallen Governme Mt had disposed
Of the reserve Of the Sinking Fund in advance.
When Government Stock fell below par, we
were reduced to the alternative Of either sus-
pending the pablo works in order TO continue
the operations Of the Sinking Fund, or TO allow
the pubic works to proceed by giving, as hith-
erto, Treasury Bonds to the Sinking Fund in
place Of cash. The latter course had the dou
BILE advantage OF securing bread TO those who
had none, and OF leaving more than 500, 000c a
day in specie in the Treasury. II was course
demanded by circumstanc and