The New York herald., 1850-12-03

indirect taxes Of which the tariffs have not
been modified, and which figure for more than
10 600 000f IN this increase, attest the resumption
of business, and the amelioraton in the condition
OF the laborious classes.
Peace and domestic order have borne other !
fruits; the funds deposited in the savings banks
from Jan. /, 1910, exceed the reimbursements by
$1,000, ,O00f U The amount of the discount ac-
commodation of the bank. which had gradually
fallen TO less than 100 600 000f, has risen, and on
the 7lh of this month il exceeded l35, 900 O0Of In
suppressing the forced cIrculatioa of bank notes,
ou were right in counting On the re- establishment
of confidence. Events have fully justified this
grave measure; the return 10 the primitive statutes
has not reduced either the extent or the importance
OF The circulation. (2)
If the Customs have sustained some dimnuton,
the difference arises from accidenti! causes, which
you know, and which are connected with salt and
colonial sugars; but, on the whole, our inter-
national commerce, after a striking depression 10
1918, rose in l5i9, by rapid movement which
has since continued to progress. Abstraction made
of the extraordinary import of corn which took
place IN 1917, We are in advance on that very year,
both as regards the value of the merchandise i'm
ported and exported, and the number and tonnage
of the vessels (3)
The collection Of the direct taxes is effected with
remarkable exaclitude. On the Both of Septe mbsr
last third of the twelfths only was in arrear; it
was much less than in the most prosperous Pc
riods (D
These fortunate changes in the financial situation
will have permitted us, from 1919 to lS5l-that is
to say in the space of three years. and in spite of the
country with nearly 26O 900 OO0f public works, to
relieve the lower classes oflcensed traders, remit
1900, ,0O0f to agriculture, to pay punctually all
thesexpenses of the budget in deficit, and finally to
arrive, according to our lively desire and firm hope,
in establishing balance between the annual
charges and resources of the state, and these re-
suits will have been obtained without requiring
any extraordinary recourse to credit, and without
imposing any exaggerated advances on the Trea-
suIy.
The country lei us not doubt, gentlemen, is ac-
quainted with this improved situation. Every one
can see that the finances of the state, which last
year occupied one OF the first places in the anxiety
felt by public opinion, are at present very far from
inspiring the same apprehensons | state with
the good spirit Of the populations, aud of the com
mon efforts OF the government and the Assembly;
II will be an encopia cement for all.
After having issued from the bad system of pro-
point of honor to return completely 70 the ordinary
rules. The budget of 1851 has been voted in due
time and that OF 1852 will be presented to you at
the commencement of the next year.
An Improvement, for long time demanded,
has just been realised in the public accounts; the
Duration Of the financial periods has, by recent
decree, been abridged by two months. Favorable
alike TO the Treasury and its creditors, this mea-
sure will accelerate the liquidation and payment
of the debts of the State, and render easier the
drawing up and examination of the accounts:
To meet the views of the Assembly, the admins
tration has undertaken, and almost terminated, the
reorganization OF all the districts for collecting the
taxes This great measure, which will cause the
gradual suppression, by means OF extinction, of
i, ,oGO places, will effect considerable economy
Three bills, on subjects worthy of your medta-
tons, viii shortly be presented 10 you One, con-
ceyed for the interest of agriculture, commerce.
and manufactures, will have for Its object to re-
Leye the administration of canals, by means of the
purchase OF preference shares from the en-
barrassments which resHlt from the condition
OF the contracts. The second regulates the
general matter of pensions. The third demands
from the Assembly the ways and means ne
cessary for efIecng, for better distribution of the
land tsX, new valuation of the land revenues:
we shall propose to you an arrangement which, by
maintaining the present amount OF the tax, will
gradually relieve the overcharged departments
without any increase for the others.
PUBLIC WORKS.
The reduction in the credits has compelled the
adjournment of many necessary works, and the
slackcnng the execution Of many of even the
most urgent kind; nevertheless important sections
OF railways have been during the last year opened
TO the public. The second half year of lSi9 wit
Cbaie.s. sur Marne; Paris to Tonnere; T; Dion to
Chalons sur Saone; Saumur to Angers; Versailles
TO Chartres; Noyon to Chauny; st. Pierre TO
Caais; making total of 574 kilometres 1859 miles
During 1850, there have been opened sections from
Chalons-sur Marne to ViHy; Metz TO Nancy;
Nerohdts 10 Nevers; Chauny TO st. Quentin.
Total, l52 kiloHeires COS milesl The year 1851
will see the opening of sections from Vitry to Bar
le- Due; Metz to ST. Avoid; Strasburg to Sarre-
bourg; Tonnere TO Dijen; Tarascon TO Beaucaire;
Tours to PoitieIs; Angers to Nantes; and, we
hope, Chartres 10 La Loupe. Total, 3l5 kilone
tres 1921 miles
The iron trade is one of those which is the slow
est in recovering itself. In lSi9 the iron works
MANUFACTURED 425 900 tons of cast iron, IN value
about 80 millions and 275 900 tons OF wrought iron,
amounting in value 10 about 81 m,llions AT the
present time the activity Of these establishments
appears to be Teviving.
Studies are being followed up with the most per-
severing care, in order 10 place at the disposal of
land The liberty Of land carriage, which, by
recent bill we have PROPOSED TO establish will also
be a real benefit for agriculture and commerce in
general.
particularly call the attention of the Assembly
TO the concession OF the Lyons railway. On this
depends the resumption OF the most important
works, for II would allow the division among the
other railways and other public works Of all kinds
OF the sums which II claims from the Treasury. Oar
political, commercial, and manufacturing interests
require The completion, as promptly as possible, OF
the lines from Paris TO Msrselles, from Paris TO
Sirasburg, from Paris to Bordeaux, and the West
ern ard centre lines. In order 10 complete these
railways, and our great public works now in course
of execution, the Treasury will have on the LIST
January next go millions 10 expend viz
For railways. Observation-Disclosures. 900
(of which 23O millions are for the
Psris and Lyons, and Lyons TO
Ayignon lines
For canals, and particularly to COM
plete the canal Of the Marne &c
the Rhine, and the lateral canal
the Gsronne. ............... 25,OOo,OOO
For the improvement of the nayea.
tion of our rivers. rs................ 56,O0O,0O0
For the ports on the coasts of the
Atlantic and Mediterranean. $4,000 900
OF roads (j)....... .............. 20,O00.OO0
Total. SIS ,OO0,0
II all these works remained at the charge of the
state, IL would therefore have 5S5 millions TO ex.
PEND; they could not be terminated for a long Pc
riod, and, with an average dotation of70 millions
year, as in 1850 and 1851, their completion would
still take nine years. IL the Lyons railway be con-
ceded 10 compsny, the treasury would be relieved
to the amount OF at least 26O millions (6), which
CD Amornt Of deposits TO the let Of January,
lSi9... ............... 10 o76,000 fr
Ditto to the let Of November. 1850 (uot ia.
cludine the com pens stion funds accorded
To old dtpoeitors). ...,....... .1ep3s,000
Increase a q oeo mo-