Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-04-22
FRENCH REPUBLIC.
Liberty, Equality, Fraternity.

situation Of the ReDt5licby the Minister Or FINANCE
n member Of the Provisional Government.
The country wishes TO know the truth as TO the
real state of lis finances. The Provisional Govern
ment of the Republic is DESTROYS 10 state the ruin
1t is its duty lis interest," its right ne Govern
mept will tell the entire truth, without hatred, with
ont far nj likewise without rescry alton. enter
on the facts: 80, ,
Public DeJ1-On the LIST Of January, ISL, the
capital of the public debt, the Government STOCK
belonging to the sinking fund being deducted, was
4267 81 3 400 francs On the lst OF January loi9'
il amounted to SIZE ga 730 francs Far from taking
advantage of so long peace to reduce the amount OF
the debt, the last Administration augmented II III
those enormous proportons-9l2,S2 9,"2S francs IN
seven years : IS
the debt Those of 1929 10 1880 amount to l,ol4,-
ola 600 francs The entire of the credits placed at
the disposal of the fallen Government TO the year
lS47 amounts to 17l2,979, $685.. 62c Nothwlth-
standing the successive increase OF the rGcelpS me
budgets presented each year considerable uehcit;
The expenses from 1910 10 lS47 inclusive, exceeded
the reccipts by 60I 525, 0OOf The deficit calculated
for the wear l54S is As 900 900 francs, without count
ing the additional chapter of supplementary ana cN
traordiuary credits, which Will raise the total amount
OF the budgets 10 the charge Oh the last Aun'isua
ton to 652, 525 ,000
Public Works-The public works hecdlcssly I'M
dertaken simultaneously, at all points OF the terri
tory 10 satisfy or encourage electoral corrupuoh'
and not with that reserve which prudence so imPe-
riouslv commanded, have raised the crcdits 10
l,O5l ZOO, OOOf From this sum are TO be deducted
the sums reimbursed by the companies amounting 10
6O 600 00Of; the last loan, 50 900 OOOt, making TO-
gether 242 900 000f. and leaving balance oil $685.
600 0OOf Out Of this sum 43o,OOO,uuUi. nave Deeh
expended out of the resources OF the hoaihg dept
and 404 000 still remain to be expended on the
completion of the works.
Fiontine Debt-Thc floating debt increased IN pro-
portions not less considerable. At the commencement
of 1881 it reached amount OF about 2oUUJo'oCOi;
At the date OF the Doth OF February last IL exceeded
$40 900 OO0f to which is to be added the Government
stock belonging to the savings banks, 2U2,OOU,OUUi
making altogether S72, 900, 00Of. Under such sys
tenn the position of the central office OF the treasury
could not often be brilliant. During the 2oS last
of its existence, the fallen Government expended
more than 294 800, 00Of beyond its ordinary resour
ces or 100 000f per day In order 10 deiray 'nese
expenses the Government OF the eX King drew from
three sources, produced by Royal bonds, loan, ana
the savings banks From the 18th of April, lo4I, to
the Goth of February 1915, the Treasury ponds Is
sued increased from o6,UOo,OOJi' 10 ozo'oVo'UV",.
The instruments of The loan contracted on the ioth
of November lS47, paid into the treasury, amount
to 80 900 OOOf 1t is not yet known whether the re-
mainder OF the loan will be realized " nat GER
tain is that the Treasury bonds must be pad AS 10
the saving banks, every body knows thclr
history OF the $50 900 O0Ot paid into the hands OF
the late Government find only 6OOOu, OUO Pala
into the Treasury The remainder was disposed oil
in the purchase of Government stock or shares'
Whence 1t follows that the fallen Government rem
dcred it impossible that il could reimburse the depo
sits if called on Such, citizens, is the real financial
situation hich the Monarchy bequeathed to the ne
public The Republic accepts 1t; but IL Is urgent
that remedy should be applied 10 the evil But IN
what manner? What must be done TO insure the
working of the different branches the PuDilc service
to establish public credit on really soiiu OASIS
provide for the continuation OF the puoilc WORKS u
dertaken, and ameorate the condition oil the people!
Wise energetic and prompt must be adopt
ed The following those have already prac
tised or that have the honor to submit 10 Inc deci
zion of the Provisional Government.
TREASURY BOndS-The bonds issued, amounted on
the 04th of February, lSi>, to 329 ,S56,OUU Ger
tain number of these bonds are at short date; Dut
in general they regularly distributed over r Ihe
different months of the years le4o ana iot': ihe
collection of taxes is being accomplished win INC
greatest facility Citizens in their PATRIOTISM CON
cider il duty TO carry to the Treasury the amount
of their for the current year ne pagien. "
the Treasury bonds is assured. mercy propose u
fix the interest ALL without distlnctioh' al per
cent. IN,
Reduction on the Number of Empoyments.-I
grauity OF public functions Is all arlstocfatic lhsiu
ton The admssibllty Of all citizens 10 all employ
nents implies the idea OF just remuneration. Inc
Republic wishes to BE- well served and 1t WIN remu-
nerate suitably those who will devote to II their M
telligcnce and their time. Public functions shall
henceforth be real career, where the intelligent,
the jealous and the honest will not nave 10 yleld
the precedence those more highly patrohlzed. Let
there be no longer any suecure but lew PhOilc ser
wants we'll pad-such shall hencetorth De the prih-
cinle and the rule OF the Republican Government.
/ PROPOSE therefore, 10 the Provisional Government
TO decide i'll principle that the number OF employees
shall be reduced large proportlon and that ther
salaries shall be fixed on new basis Such, clt-
,.ns ia the ensemble of the measures which appear
TO me the most advisable and etfiacious 10 prevent
the cash from being Withdrawn IRON the treasury
with dangerous rapIdity. shall now submit 10 you
another Of propositions calculated 10 ara" csh
into the Golfers OF the State and 10 give greater lie
TO the circulation OF money
Diamonds of the Crocn.--These valuables, Of
which Royalty had merely the use, belong to the
State The silver plate found in the Tueries and
in the other ROYAL residences also belongs TO IT. IL
has right TO dispose Of 1t, and the charges when
the fallen dynasty imposed on the iuure prospects oil
the Republic give this political measure inc chaTac
ter of an expiation propose to you TO decree mat
the Minister of Finance be authorlzed--l. 10 dis
pose of the Crown diamonds at the price hXed on
them by sworn valucrS. 2. To convert Immediately
into bearing the eifgy oil the RePuplc inc sier
plate and ngots found at the Tuileries and in the
other residences appropriated to the fallen dynasty
by the law of 1882 regulating the civil list.
II is to be understood that all objects OF art arc
excepted from this measure
Loan.-In order to provide for the deficit, which
was messing il on all sides, the fallen Government
obtained from Parliament authority to raise loan OF
$50 900 000f OF which $50 900 tOUf were subscribed
on the 10th Of Nov last, and OF which the Treasury
has received 50 900 0OO-Sha the remainder OF this
loan he realized? Shall the difficulties which the ex-
King bequeathcd afford the contractor pretext for
not fulfilling his engagement know not, but, In pre-
of the depreciation IN pubic secures' however
trausiory il may be, prudence commands foresight
Whatever may be the resolution or the real power oil
the contractor, the Treasury must be placed III con-
dition TO be independent OF the Interior instruments,
even those nearest maturity. The object ofthe meas
ures which follow is TO provide for this result But
the MAGNIFICENT expansion OF patriotism, OF devoted
ness OF self-denal, and of intelligent ardor, which
the advent of the Republic has everywhere reused,
counsels holder enterprise. great number Of CT
tzens have offered the Government siderable sums
and yaluables a voluntary gift. Emil oil profound
gratitude for so patriotic and honorable offer, the
Government of the Republic will not, however accept
H. 1t should leave the free disposal of their fortune
to those who make so noble use OF It, But 1t Will
he permitted TO it connect those generous citizens
with the fortune, and the State, by a combination
,,,.lI,, odvantaoeous TO il and for them. According