The daily union. [volume] (Washington [D.C.]) 1845-1857, 1852-01-29

These the persons whose interest it is that money
should be dear that is that they should obtain much
possible of all the products of industry for the money
they receive from the government Each successive ad
mnisration has been compelled to get much money
possible from the people, and obtain for that money
much of the products of industry possible and to have
the interests OF the office hodsrs in this particular shared
by the holders of mortgages and other annual incomes
Under the empire the annual tax $l02 600 900 under
the restoration, $3.50 0O0 under Charles X. $500 000
900 under Louis Philippe 1926 000 under the
vsona government 1884 000 900; and under the Pres
dent 1929 100000 No min dreamed of reducing
the government expenditures except NJ Human, and
his dismissal simultaneous with its announcement
win be observed that all of these governments into
office the leges OF the office holders Tho usurpaon
of 1913 the most weak, and was therefore, compelled
be the most exavsgant in its expenses and levied
them particularly it increased the oppres
sive octrai duties The number Of in Ffance
short Of 0O0 making about six office holders
Under the universal suffrage, the committee report
ed IL 026 ls9 male French citizens FL years If
deduct O00 in round numbers who supported by
the gov eminent, then remain 100000 payers The
registrar of domains reports that the
cages upon the land Of France IL 800 O0D 000 the
incredible of So 3s O00 $l4o52 coo per
Ii this the 10 the government added it
makes of 469 600 per annum, to be paid by the
producers of France. That immense is or less
budensomo upon French industry according TO the abund
of money, or, In other words, according the
quantity of money they can get for that which they
produce In time of peace and prosperity. when
money Is dDunudnt ana prices Hlgn, tho Dufden Is
comparatively light; but when political disturbances
panic, and the money sinks into the ground in
boards very little OF be obtained for the exercise
Of industry, is then that the mortgage holders annuitan
and employees make their harvest Such the in
1873 These repeated fghs nuly the effect Of the largo
quantity OF specie held in France This disputably great
OF 10 any other country Bangui and Chevaer each
estimated the quantity at $3.50 10000, fourth gold
but Morcau Jonnes and Others place at S525
one quarter gold Now, will be observed that on such
basis the maintenance of peace and development OF
the banking system would for many yeats produce resu
similar what took place here in 1867 prices OF
industrial products would RISE and the effect would be
pacc dminuton Of the amount Of money paid by indus
try in the shape OF interest and Banking France
has always been limited. The old assgnais gave peo
pie wholesome fright that bank could not obtsn
circulation However In 1906 Napoleon recognized the
Bank OF France There then provincial banks or
agencies but after agencies were established and
suppressed, and in 1917 local bank at
Rouen in the yearone each at Bordeaux and Nantes
and nothing further was done until 1885, when the bank
opened branch at Refine. and subsequently thirteen
Others In different cities and later six new local banks
chartered These continued until the revolution of
lSls when branches created; at the same
all the local banks and branches united 10 the
mother bank and tho bills made legal tender The dis
counts Of all for lS47 and 1913 q, follow
a. nf