New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-04-08

her news was thas brought up 70 the City some
time before she reached the wharf herself ana a.
once issued in ar Extra T'rltune
The Washington sailed from Southampton on
Tue,dav. March 81, at half past P NJ. She bad
easterly winds during the passage, which occupied
nearly seventeen days Her capacities as regards
comfort and speed, are spoken Of in the highest
term. bv those on board. The news by her VIII be
eound below. az far as our columns this morning
can contain 1t.
We give the leading items Of Intelligence since
our last They reach from the 10th ult to the @ls'
The Financial Condition of France.
Commercial distress is perhaps the most promi
nent fact of all at least it is the on which the
English journals dwell most. And indeed the
state Of the country in this respect is as dePoraoe
az can well be described. The reckless ProhIgate
expenditure ofthe government OF Louis Philippe has
in the nre sent crisis brought the greatest emoarass
mon, mon the whole country, and will seriously
trouble the new administration AS appears rom
the report Of GARSIER PAGES, Minister OF
Finsnce the defect for the year ls4s Is eslms
- ~ 600 OOOf, independent Of supplements
nv and extraordinary credits which raise the tota
deficit created by the late government 70 ooZ 49,
OOOE This report recommends that the olDhhs
Fund should be maintained. as 1t IS an engage
ment made by the State for the security Of the puo
Iic creditor the report concludes by observing
,hs, no, Ythstanding the large deficit, the position
of rho Republic az re- ards it's finances, Is not so
alarming inasmuch after few years oil prudent,
firm aud honorable government the credit OF
France will stand higher than that Oh any olhe'
State In Europe.
The London Times OF the 18th, speaks OF this re-
port as follows;
Az for the means Of extricating the State from
this desperate situation the principal proposal Il
that of voluntary national loan OF 100 millions OF
francs bat we cannot conceive that tne au'uois
this suggestion have any faith in 1t. The national
loan of 1880. under very different circumstances
did not produce twenty millions. AS tor the otner
what are the sale OF lew diamonds
or the coming of some plate to relieve the necessi
ties OF a nation
We have long foreseen and predicted many
wears ago that the administration OF LOUIS PHIL
up, was going from bad to worse in the manage
ment of the finances Of the country, ana that the
consequence of such Encouragement must on the
first severe check 70 the public confidence and pros
periry prove disastrous. The present want oil con
iideuce in the financial strength OF the new doV
ernment gives the decisive blow. The prodigalty
Of the monarchy had laid the country under vast
liabilities and the occurrence OF the Republic rem
ders France unable TO fulfill them. The resources
of the country may not be altered but the credlt OF
the Government is for the present gone.
One Of the immediate measures OF the govern
ment was a decree prohibiting the pay ment OF more
than lO0f in specie TO each holder OF stocs In tne
savings bank, the rest Of the deposit OF which rem
bar.emant msv be demanded to be paid in Trea-
sury bonds at four months, bearing an interest OF
per cent.
On this The Times remarks The partial sus'
osnson of nav ment by the savings banks is an act
of insolvency The workman who comes 10 WIN
draw his deposit is told that he shall receive aashtn
psrt in cash four tenths in paper note OF the irea
surv. bearing interest. and the other hall in stock
which i. at this moment worthless. 1t is really
wful 10 consider what effect such blow must pro
doce on the condition OF tue best portion ct tue Ia
boring classes In France -
The most startling event in this country is the
martial suspension OF specie payments by the b ahs
Of France This took place on the 18th by the fol
Io,,,;og decree OF the Provisional Government.
Art From the date Of the publication Of the present
the notes OF the Bank Of France shall be received
legs. tender BY the public officers and private ino
AsT Until farther orders the Bank is dispensed from
the obi cation Of paying its notes in specie -.
ARr In case shall the issus Of inc oanA sno i'
In to fes,iitae the circulation the Bank
of france is authorised to issue small notes which nov"
evar .h.ll not be Of lower denomination tnan lVV
II woud nppear that this measure, deporsble as
il ia could not have been avoided. The run upon
the Bank of France on Wednesday was awful
The applicants for money were so numerous that
thew were obliged TO place themselves en- queue
as at the entrances to the theaters on cro"ueo
nights and. although this facilitated their progress
the last conner was an hour and a nan before ne
reached the cash office of the Bank.
The state OF the Bank at the close OF business
n, the 18th has been published. Among Its debts
are in circulation including those OF branches
275 40 5l2 francs due Treasury, 42255, O92 francs
II. assets included bullion and cash III branches
l23 s43 500 francs bills receivable, 3O9O9JoVs
francs sc.
dtional loans appears by the ioho"lnS oecreo IL
the Montteur OF the 18th.
9TH. Provisional Government considering that the IN
teress OF the Republic requires that powerful
'hoaId be Immediately snoraeo 70 ,spo1. s'ssv nov
less urgent r.orssnize the military forces oil he hs
public DEGREES: -, H. A.. 80,
s4s as centmes additional on the entire OF the Tour al
| rect contributions of that year. ,.u..s ..
THE ceutimes bearing on the contribution levied OF
property shall be st the charge OF the proprietor
.ons stipulation TO ths contrary con
tanned In any lease convention The amount OF tnos
TEN porary confines TO be immediately demandsoe with
ont any farther to the The expenses
the col eeton those additional ceutmes are liked by tn
inspectors onefouIh Of the feicentsss paa on GRO
nary contributions No add tonsl salary IS 10 be PAID
| the general or particular COLLECTORS So,
at the Government Council, the 10th OF March
ls4ss
| The ProvisionAl Government, conGderinf That III
fallen Government has left floating debt 20 the Repuo
| lie PAYABLE Immediately or at an approaching period
aud which the Gath Of February ast amounted to no
less than 900; considering that the Royal Bonds
which part has already been paid from the Treasury
m. s figure in the ,sns debt for the sum
24 $50 90f considering tn these bonds fo the great
AZ pa.t the property Of csps,s whose interests
arrctly Of Industry and commerce.
tb At those bonds will remain productive
ia The ..Ss heis. i-s.-~"Sh sh- -s~r--'
.o.,iu az 10 BE- paid them At the rate OF per
cr.es on the proposition OF he Minister Of Finance ths
from the ass Of the OF the present
unt, the decision Of Nafons Ascend n. holder
of Roya bonds crested previous TO the ~ OF
1875 may exchange them for coupons OF ne national ioa
in Five per Cents PSF In case such exchange ne
ec,pted these bonds win be paid IN cash at toe publ
Treuury within six months from the day OF ther fan
dec -, -,
rssarensw.l Of bonds become due by the departmer
Of Finance since the OF tho Republic, VIII
fall rishtb be repaid in legal con. =,
! "Asr S-The Minister OF Finance and member OF "
Provisional Government is charged with the execution
the present decree ,,,., -.
Made 10 Paris At Government Council held the lot
Of March, 1913"
Domestic Policy of the Provisional Govern
ment-A Cause of Disccrd.
The following Circular was published In II
pspers of Paris on the 18th nit
Csyesar Of tie Ms,s,sr Of tAs IierSr TO tie Commit
sisnsr Of the Propls'eaal Government.
arhe cireul. which has reached you, aud whie