Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-02-21
NUMBER A.
RICHM0l(D WIG.
The Easi.ra Q,es,Ioa-Th. Ress.r.es Or rn,.,.

The Easisra QsesiIon-Ths Resssrees Or Yrasee.
From the Londpn Times. January sol
Among the means employed TO throw doubt on the de-
termination OF the French and English governments to
e' ""h becoming energy in the present Of aas
III e ra some Us has been made Of the alleged Husn.
cal dhcul'ies OF the French government and tho ann.
barrassed condition OF the resop,css NJ ,h., ,. ~
these statements the Freush Minister of Finance N
B'n'au, replies by official report which We ouhii.h
elsewhere, on the financial results of the ,e,r 1919 and
efedt - TO be attached TO this doc ument the Imperia
government has much reason congratulate i,en ON
us management oi the national Treasury. Busau
ooAsis that in tho two which have elspse aimee
Louis Napoleon assumed absolute power the 6nanci. s
lars Of the country have greatly improved whhou,
imposing any new tax on the people. the reduction Of
diminution effected in the charges on land Whh
out any fresh loan, 1870 900 900 Trancs have -,
PPM IN puonc WORKS of the establishment Of the capi.
vi anu tne improvement Of the Territory and ON tho
oer nand the reduction OF the FIVE per cents to oo,
ana hall per cent stock has enabled the IN
ave aoont on the interest Of the funded debt
~ the meanwhile the annual deficit has been reduced bv
Increase in the ordinary sources OF revenue Th
"hoe uehcency on the 1885, from the estimates a
Soted, with the addition of certain extraordinary and nm
ioseen expenses, would have amounted to no less than
t4ooooOo steLng bus this deficiency there hss
oeen an Increase III the receipts above tho es
hmated revenue OF more than eS 900 900 sterny "a
the greater part Of the remainder ia made nm hv h
draws OF certain items which had figured in the
~ so hueh that the difference between the revenue actu
any received aud the actual expenditure of Last ve. \;
stated to be only fl60 0OO The direct and ind,sc,
es OF the year 1882 introduced 5000 OOOf 500 600,
more tnan the preceding and the year 1859 has pro-
uuceu '2,oVO,OOu 81, $50, ,00) more than 1882 NJ nj
neau asserts with rsason that this increase of rsv
ehue IN Two years almost uneIampled in financial his
out he appears to forget that he compares these
years with feriod OF great depression and CALAMITY inn
inedatey preceding them and that they are NOT 40 m,r
poslVe increase OF revenue a return to that s,te Of
Things which the revolution Of February had for time
The increase in the of France durno
tne best years OF the reign Of Louis Philippe from Is
81 10 is4t, was 303 3o0OOOOf but this advance iodca
from year to year tho steady progress OF tho
country. The comparison instituted by NJ Ri
neau indicates the frightul oscillations in the re
sources oi great nation which are The copse-
quenee OF revolution The budget of the year ls4s
was ultimately closed with loss Of 500 900 OOGf
winch were provided by extraordinary resources sim
mar comparison might, therefore be drawn between The
yea, io'o ana The YEAR, lsis and ls49 for the revenue
o 1890 exceeded that OF isis by OoOf and ,hst
o isis by 80 O00f yet in spite Of this partial
co'ery, the revenue Of still far below ,b ,a,o,,.
" " .f" ahu 'et'. IL does not appear from a. Bineaus
statement whether the highest amount nm
DER the last reign has has not been exceeded FIR hv
s"suar oversight in paper purporng to be statement
VI e financial year 1883, the writer here informs the
puohc what the sum total of revenue and q. To-
the year has BEEN lie contents hinseif with indie ,in
'e Gu uhuance oi the impruy which has ooo. on
% more OF less rap,dy, ever since the calamtous wear
VI we must therefore, supply from other ofeial
sources this information The revenue of 1859 was who
was voted estimated at Lea 1904, ,esIE NJ Binesu
- sa t s eS'nae ha- been exceeded by "a 900 oOOt
"hch makes an actual TOTAL OF 1878 sslE The sc,nsi
revenue OF lsiI 1886 303 26sc The presen, ,svs
.ee'ofc' only about ls,G00, ,OOOf less than il was
~ III, ' r @ year OF LOUIS PhhlPpes reign. Such is the
result the resources and of the
puoc fortune IN France Within forty years that soun ~
s 'nrough no less than three of the seyerest imam
G,a car aI' 10 which any State exposed lnlsli
rance was drained by the consequences Of daia, and
cry haho OF the continent avenged on her The on,s
unu eAortions Napoleon had successiyeIy inflicted On
h IN !e"o The finances. which the government of
tue restoration had Most ably admipiste red vera sg.;
o'etthroWn, In lsIS the conyulsion was moro sndjen
~ uie terrible for the storm broke in the noondsy of
ppet prosperity, and every interest in the country
oo"eu 10 the blast Five more years have almost ami
nceu 10 repair that evil, and firm Indeed must be tho
eu'' " mat country which has wilhstood such conyu
.lons as these. ~ D'', N
Inc elect Of this statement has been f,vo,s
pie and It has probably been published in order % cbacL
e tendency to depression perceptiblc in French se
rutes IL this depression originated in any mistrnst of
e oi the country would he entirely misnlac
cd ior We have doubt the French treasury nm L.ya
means 10 meet any circumstances that may arise Bt Wa
'o"g s'hce remarked that impulse had been given
h rtce 70 excessive private speculation by
mehts protesting 10 substitute facilities or cYadit for rc.I
wealth. and that in all probability many Of these bubbles
Nouu' al ho distant period, collapse End vanish The
persons Interested in those questionable are
OF course the first suffer by the n,esent not,
oil Europe, and the first protest ganst which
may hasten by lew mont their ruin These aiyentu.
rers are the insects OF sunny days on the first hange
OF weather they perish but although the fate of tler
undertakings may throw transient gloom over tho com
reFcIal "o'id and cause much private embarrassment
mere no reason to suppose that the resources of the
country or the finances of the State he seriously ec
ted bS such disasters, even il they occur The eonss
qenSes OF limited harvest aud the scarcity OF money
mn'ch accompanies tho high price OF provisions would
~ se So"ness OF such schemes without any reference
10 tue 'hahces OF war, and the political difficulties of tie
e are PROBABLY not the principal the depres-
son complained Of abroad in trade but the credit OF tho
haon comparatively untouched by these incidents and
alter all she has under tho vast national or
continental Europe -