The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-04

that marked out in our minds 1t became at first q
political, instead Of a financial revolution and has
therefore, fingered along without having made that
progress anxiousy looked for this side Of the
ter The cause of this is easily explained
In the change of rulers and in the changes made in
the form of in those countries where the
voutons have made the greatest progress the people
have in faot gained nothing The right Of universal
suffrage has 1t is true been conceded in France, and
the people more directly represented they have
q president Of their own election and, so far IS
the adminisnistratin of the civil government is
concerned, the masses have voice, and the ma
jorty rules. But have the burdens Of taxation been
relieved? Have the expenditures OF the government
been reduced. No, not ota, not fraction; but on
the contrary In France they have been increased and
the people at this moment more heavily burdened
with taxes than before, under any king en-
perOr that governed that country. If these
the benefits Of republic the people Of Europe may
well wish to be relieved from such form of govern
ment The amount Of interest paid annually the
debt Of France is about eighty millions Of dollars sum
three times large the whole expense of the
Of the United States including the interest
on our public debit and sum nearly equal to six times
the annual Interest the aggregate indebtedness of
State in the Union Great Britain pays hundred
and thirty millions Of dollars in interest annually and
every other nation In Europe pays amounts
annually purpose IL Ii TINS tnat
masses so much oppressed it is this that drains the
people Of their and resources and it is this that
has in fact sustained the dynastes of Europe long
and enabled the monarchs to fix themselves strongly
upon their thrones The fact that such debts
were hanging over the people, gave the government
he power to Cypress them with taxation. The fnan-
cial classes have been compelled to sustain the
hical form Of government to the acknowledge
men of the debts formed by these monarchs and their
whole influence has consequently been thrown against
the masses The preservation of all the old govern
ments the continent can be attributed principally
to this class; and until the revolution reaches the
financial aristocracy tho people will derive real bo-
neht from the events which have already transpired.
The first thing provide for the Masses the method
of filing their somachs and covering their backsgve
them these elements Of happiness and the most impor
tant of complaint is removed other things follow
matter Of course and In time discomfort will give
way and contentment take its place All the varieties
Of society found in Parsthe Fouriertes SEQ alists
&C. created for the purpose Of providing ways and
to insure the comforts and conveniences of e
and all these sms and tangled systems would dis
appear upon the removal of the expressions ema-
mating from the existing government. There is
but way to reach this desii able result but
way to eradicate all the difficulties, and but
way to insure and the peace, prosperity
and happiness of the millions Of the old world who
have for ages been upon tho verge of starvation and
have had hesped upon them all the evils which ty-
ranny could dictateand that is reputation; repudia
ton of fraction Of the debts which have reached
such enormous amounts, and which eating up the
substance Of every country cursed with them 1t must
to this point at last and or later the peo
pie will that in this lies the only remedy the only
antidote. The whole fabric must be formed upon
new basis; everything connected with monarchcs
here he AT Fats
republics no permanency, nsthng suitable to the
wants and wease of the people. 1t may enough
to against the persons of kings and their advisers
but it cannot result in anything advantageous to the
people they not worth the powder necessary to
exterminate them but it is necessary against the
immense debts which weigh upon the lower classes
heavily and when they have reputation extermna
ted the the of Ration will be paratvey linn
tied The which likely to grow out Of the inter-
ference Of Russia the part of the monarchts the
affairs Hungary and Austria and the protest of France
the part Of repubcansm will increase very rapidly
the debts of the nations engaged In the great struggle
and Of add largely to the rate Of taxation This
will only hasten the crisis; it will bring about at
earlier period the great movement which will at
free the people from the whole catalogue of evils 1t
the last straw that breaks the beasts back and 1t WILL
fear, require increase Of taxes to awaken the
correct appreciation Of the remedy in their
hands. We have no faith in republics formed upon
immense debts, upon such financial systems
sustain an overgrown moneyed aristocracy, upon an
inflated paper currency upon any Of those systems
planned and perfected to support sxtravas ant mon
areby. Tie whole must DO demolished, and the struc-
ture renewed from its foundation.
The recent discoveries made in California and the
supply Of gold which the world will ultimately derive
from that source, must work as great revolution in
the currency the events in Europe will create In
the financial systems of those countries and the times
will therefore, be propitous for the establish
ment Of q order of things, upon basis that will
admit of ruinous depreciation disastrous uctua-
ton The sinsws Of war cannot, under pure specie
currency, be easily augmented and different nations
cannot heedlessly and reckessy rush into hostii
ties heretofore and already in the policy pur-
sued by Great Britain in regard to the political
ments on the continent, the effect Of an immense
debt and taxation upon the Of that 60
vernment. We interference, as in former years
in the affairs of every other nation, and she finds
within her own limits much to do rs the most ambi
tious ruler desire Great Britain Is literally under
bonds to an enormous amount to keep the peace aud
her very salvation depends upon her peaceabe policy
Later intelligence from Europe will be looked for
with the most intense anxiety. We may expect by
every steamer the mot integence but the
will not, fear, be realized q very early day
The contest will, without doubt be protracted one
but have not the slightest appreh nsion relative to
its termination
The annexed statement exhibits the quotations in
this market for the principal speculative stocks for
each day Of the past week and At the close Of the week
previous. 1t will be that prices ruled at the close
little lower than the opening Of the week.
QvorArIoNs roR TAR PRI~cIPAL Srocks
New YORK MAKAkr
Sat- Mon. Tue. Wed. Tau. Fri Sat
Treasury Notes. 6s my iil3S ilI NIX !% Ills: liz
U. " -
hi