The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-23


$3.50 ,OOO, 600 raised by France siace the war
the French government received applications
for 1,7eOOe 900 francs more than they pro.
posed to issue, it is expected that it will be
taken up without delay. There can be no
doubt of it. indeed, for the Emperor must have
the money; though the terms are not likely to
be as favorable as they would have been in the
spring.
This loan, added to the amounts heretofore
raised and expended in the prosecution of the
war, gives total, as we said, Of S250000, 600
spent by France in powder, ball and throat
cutting. During the same period and for the
came purposes England has raised, besides the
usual annual suppliesfor the army and navy,
sum OF $3.50 900 600, in two loans Of $50 eoo, e0o
and $sO,0OO,000. We learn that these sums are
already expended, the Baltic feet having been
especially source Of great expense, and that
the advocates Of an issue OF Exchequer bills are
becoming quite numerous in London.
Turkey, having vainly attempted to borrow
S25, 100000, obtained fifteen, and declared that
for the present the other ten millions of dollars
with. But she was not able to conceal her wants
long. She is again'in the market for small loan
of something like million of dollars, which is
probably needed to pay the civil expenses Of
the empire. As her allies generously guaran-
tee the loan, it will probably be obtained and
thus abe will figure in the list for total OF
$16,O0O,00O.
The war therefore has put the Sultan and his
Western friends to the following 'trifing ex-
pense -
British loans extraordinary 600 600
T TusRish CO. CO. s isSsSSSe
TOTAL $3.50 ,0ooooo
What the Russian expenditure may have
been we have no means OF knowing positively
That it must have been large is clear from the
number of troops kept on foot, and Of course
fed and clothed at the expense Of the imperial
government. 1t has been estimated by a we'll
informed and apparently an honest writer at
$250,000,000 q year for extra military ey-
penses occasioned by the war, and as much
more for the wIlful or necessary destruction OF
property. At this rate, the war must have
cost Russia half as much again as the Allies,
and 100000, 900 would not square the account.
But large portion of this expenditure was in
buildings. chips, produce and merchandise, and
though as serious in the losg run as the excen-
diture Of hard cash, it will be longer in beiag
felt. Probably three hundred millions of monay
have passed from the Imperial treasury into
the hands of army agents, contractors pur-
veyors and contractors on account of the army.
Taking this figure as the basis of calculation,
we sxive ut the conclusion chat within less than
twelve months, about seven hundred millions
Of dollars have been diverted from trade and
agriculture and expended by the belligerents in
the prosecution of the war
Some idea Of the enormousness Of this sum
may be derived from a knowledge Of the fact
that the united incomes Of the whole people of
Great Britain and Ireland are only supposed to
amount 10 five times IS much. IL ia equal to
three fourtbs the total debt of Austria, under
which the House of Hapsburg has been totter.
ing this many J ear; more than half the whole
debt of France; twice the debt Of Russia up to
1858; nearly four times the average assets of
the Bank Of England at the present day; aud
more than foIrteeo times as much as the whole
national debt of the United STATES Former
wars never cost any thing like it. The old
wars with England were waged for what it has
cost in this war to fit out single expedition
The PeDinsular war under Wellington, aud tue
naval wars of Nelson Coliingwooi, and Eng
lands ether heroes which swelled the debt Of
England to itspresent awtol Ggurc-were econo-
mcal pssiimes compared with this. Pitt was
niggard in comparison with Palmersfoa
Never has the world seen money flow 60 freely
beioye.
simultaneously with this startliog exraya-
garce, We have the intell gcnce of sensible di-
intuition in the supply Of the precious metals
All lat year we were W araed that Califor ia
had done her best This year the accouats
have been thus far more cheering; bat We are
not yet NJ TO The old mark, and are far below
the expectations that were formed respecting
the yield of the mines some time ago. Besides,
as California progrs sses, and her Agricultural
Interest is developed she will retain more and
more OF her specie at home. Shortly she will
export -four perhaps instead Of dast. On ths
other side, the gold supplies from Australia acc
yisibly falling of, 4 royal commission which
was appointed at the instance of the colonial
government reports that the product Of the
gold fields in 1854 vas $2,O00,O0O short of that
IN 1853, aud that the yield during the present
year is still less. During the fest quarter OF
1854 the rumber Of ouDces exported was 6l6-
545; during The same quarter Of 1866, the OK
port was only 497 ,l73; showing q falling of "a.
ing the quarter equal TO lle, i72 ounces of gold
l. may be Observed likewise that recent letters
from Russia spoke Incidentally Of the war hav-
ing iateriered with tie explorations and mining
operations in the Ural mountains saence most
Ct our gold was obtained prior TO the discovery
Of California.
Thus We have two facts plainly manifest
The first IS that the chief Powers Of Europe are