The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-08-26

expedltes-ste am power on land or water becom-
ing the proPelling agency through the whole line.
Confused ans incorrect reports having been fire.
quently circulated In the public journals on the ST.
tuat'on of the private properly OF the Orleans fami-
ly IN France, think IL well, once for all to put
you IN possession of the real circumstances attend
ing IT. You are aware that after the revolution of
$780, the King, being rendered incapable Of holding
properly, independent Of the crown, tran sferred
hls immense property to his children, except the
Due d'Aumale, who, having inherited tine vast
tates OF the Due de Bourbon, Was hlnsrlf almost
wealthy as Louis Philippe But although the pro-
perry was thus invested in the children, the admit
nistration of it renamed with the King during his
lite. During the Is years that he occupied the
throne he manifested an unsuitable desire to
improve and adorn the royal palaces, which
were national property such as Versailles, Fon-
tainbleau, Ambolse, and Pau. Not only were
great architectural improvements made in
these, but works Of art, of considerable value,
were obtained to adorn them The museum
Versailles alone cost an Immense sum. Now, as
no minister who served under Louis Philippe could
be prevailed upon to apply to ,hr Chamberfor funds
to defray these expenses the King appropriated his
own private revenues to that purposes or, to speak
more correctly, he raised money for the purpose
his own personal responsibility, relying, of course,
on being repaid by the country at later period
The King never could believe that France would
retain the property in these royal palaces, leaving
HIM TO pay for It, In this situation things were
when the revolution Of February, lS4s, came. I'm
mediately after the flight of Louis Philippe, his
credible sum, became clamorous, and urged their
demands upon the provisional government. Some of
the members OF this government were not sorry to
have pretext tor ordering the revenues OF Louis
Philippe to be seized upon, without the Odlum of
conhscatlOn. A commission was accordingly APP
pointed to administer upon the estates OF the Or
leans family, which were considered liable for
Louis Phllppe's debts. THIS liability was under.
stood to extend TO all the estates, except those of
the Due d'Aumale; bat this prince, with a spirit
Of generosity that does hun great credit, came
forward, and declared that his property shouldIke-
wise be appropriated to the payment of his fathers
debts. The revenues have been accordingly ad
minlstered, ever since February, by this commls-
sion; and such sums as were considered necessary
have been, from time 10 time, reunited to the ex-
King, in England, the balance being put aside for
the benefit Of the creditors.
Now, the question is what is to be done with
regard TO the vast expenditure incurred by the King
upon the royal palaces, and upon the museum at
Versailles, without the sanction OF the Chambers!
Will France cOndescend to take this property and
retain 1t al the expense of private Individual, aad,
of course, without his consent; or will the royal
palaces be stripped of thar ornaments, and the
museum OF Versailles eWptied, TO return their con-
tents TO LOUIS Philippe, as their owner! AT pre-
sent all this property Is egtImately retained by the
country as a pledge for the vast sums due to the
creditors of Louis Philippe. When the debts shall
be hquidated, It is, however, generally supposed
that compromise will be- made between the nation
and the ex King, and that certain sum will be
voted to his credit, in lieu # the expenditure
which he inegularly made upon the royal pa
laces. Such are the real facts of the case and
such will, no doubt, be the issue, If affairs go on
in France as they are now doing; but 1t another
bosleversmewt takes place which should raise the
red republicans and socialist party to power, the
general impression is that the immense property of
the Orleans family would be Immediately conis-
Gated. G
may mention circumstance which will be re-
ceived with interest by many, and which IS not
generally known. When the palace OF Neuilly
rkaA hyt ha tvlaps Eabr he
celebrated Penthiever plate was deposlted there.
This plate is Of historic celebrity. Its value az
bullion is ncomparaby small relativelyts Its value
az WORK Of o. arr LII was, therefore, g,ayey ap.
lire which took place at Neu,lly Fortunately,
however, very Uncomfortable part OF 1t was lost
The military arrived IN time 10 save It. IL was At
forwards delivered over to the care Of Count Mon
talivet, who was charged by the King with the
administration OF his property. happen to know
that proposals were made by certain parties here,
to the King, for the purchase OF his plate, which
would, of course, have fetched an immense amount
Of money. The King, however, could not bring
himself to consent to the sale, and it was ultimate
ly lodged in the Bank Of France, aud such money
advanced upon It as the King required.
Before ! conclude mus; .-.-r 70 the anomalous
position OF the grand opera, which, as told you in
my last, Is closed The plea is, that it needs re-
PAIR, but, IN reality, there were no receipts.
have ascertaIned the circumstances respecting this
esabl lshment, and, from what / have leaned,
tnere IL out cunnSc OF us
unless the regime be completely remodecd. II
appears that, for the last three or four years, the
receipts, including the subvention at COO, 600 or
200, 200 francs, received from the State, and
traordnary subvention paid TO It last autumn, have
never come up TO the expenses, the amount Of
which have considerably exceeded 600 900 francs
per annum. Now, there Is at present no prospect
whatever OF an augmentation of receipts, on the
one hand, or OF a diminutiou OF expenses on the
other. The managers have declared to the GO
vernment that without another subvention they
cannot 20 on. But il seems that the grand opera
in not alone in this situation The theatre Francais
and the opera com,que, both VI which, like the
grand opera, are subventioned by the State, are in
state but little better, and it is understood that the
managers Of both these establishments have init
msiedto the Minister of the Interior the impossible
~ of going on. The minister has responded with
the greatest coldness, aud given no gount for sup
posing that government will come forward TO their
relief. Under these circumstances. u rumor is cir-
cuated that the Minister Of the Interior intends to
propose that government itself shall take the inn
mediate control OF the three establshments, and
carry them on, not by subvention, but by the
agency Of responsible managers, appointed by the
State, who will lay before the government detailed
accounts of the general affsirs. give you this
rumor as IL crcuates, without at oil guaranteeing
Its truth. as can scarcely believe IL probable.
The tribunal Of the first instance has come to a
conclusion as to the accused OF the i3tn June.
This tribunal bears some analogy To the Eog'ish
grand Jury. There were 109 persons charged be-
fore il, Of whom 81 have been liberated, and ~
sent to trial. OF these ~, 80 are members of the
present Chamber.
PARIS, Aug 9, 1919.
The Bows and Money Market.
Having gone, at some length, in my letter which
accompanies this report, into the general financial
condition Of the country, and adverted necessarily
to the proposed loan and the negotiation to the
ehcmtn De fer Of Lyons, shall have hte more to
do than to send you the prices for the las, week.
since the general stagnstlon Of business at the
Bourse, incident to this season Of the year, stl
continues You Will observe that rise above 50
has occurred, which had for ia cause an antlcIpa-
ton that the financial eryost OF the Minister of
Finances would have been OF more favorable
character. The fall after thus erpose was made,
had for iis inducement the disappointment OF this
anticipation.
Al the Bourse, yesterday, some little animation
was excited ty the statement that the minister
was about to present yesterday PROJECT OF law
as to- the negotiation in relation 10 the Lyons
railway. This In effect he did, you will see by