The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-20


iusre OF the prosperity OF country one is not simply
10 consider the of ts budget and 10 arrive at the
CONCLUSION that the country s rich when paying sla Inn
positions and poor largely taxed Such method or
appreciation leads TO the most erroneous results Ia order
10 acquire just idea Of the financial of country
is necessary 10 take into consideration the use made OF
me money derived from taxes, and above all the more or
less facility with which these taxes are paid Now, ek
aiming the comparative table OF the collection of the d.
taxes for the last period of eleven years. one amos
taking the two extreme points OF that table, tnas On @
list Of November fS47, the payments were IN arrears
nearly half twelfth or more than sixteen millions,
while on the Ist November 1885, they were IN aoFhnce
very nearly full twelfth thirty four mllious tnus
showing atty millions Of difference Del"eeh 'ne '"o
epochs, ....
OF the Inhabitants Of country may be ascertalneo by the
condior OF the nrec taxes the periods Of prosperity
or be hard times are clearly revealed by the increase
dpiinutioas Of thai impost which Is somewhat optional
direct taxes by development Of public prosperity
alone, increased 10 two hundred and twenty millions.
AS 10 the use made by the government Of the money
arising from the taxes which is the second manner which
we hsve pointed ascertain the sound financial
don OF country the best judge IN such matters
FOR so long tune by the Three and Four Half per
cont renies and from which they have only gone down
within these last few days under the impression Of war
rumors and above all the eagerness and facility with
which the whole population has subscribed to loans of
900, necesstated by the Eastern war;
proofs not only Of the wealth Of the country but also Of
the solid basis which public credit stands. They show
thai the nation approves Of the manner in which the
finances Of the country administered when
ing TO lend 70 debtor whose soveney does not appear TO
be doubted
Finally the strongest and most convincing proof of the
prosperous condition Of the French finances and OF their
proper administration is to be found in the report pre-
scented 70 the legislative body the occasion Of the new
Generally, State even ourshing has neither surplus
nor reserve TO meet extraordinary cases, which M oc
cur In the existence of nations rs well ~ IN
that Of individuals lives from hand mouth like spro
digai without care for the next day 1t throws TO the
to be in want But when one of those sudden crises,
which should always be put down IN the budget OF man
wise government, occurs when they unprovided
with the face the imperous requirements OF the
moment, they forced Immediately 70 have
loan :, Money wanted q. any rate no. In month
tight that each min ute Of delay rapidly brings the
trophe nearer Then TO the usurer, whose
GUS osns deepen the abyss OF bankruptcy 10 which the
individual or government are soon going TO fall
Such not the With France: a bursts out and
renders immediate expenses necessary The government
far from being taken has amount
IT hand which enables 1t to act immediately without
being obbaed TO have recourse 10 other means OF ACTION
70 the ruinous necessity OF o sudden loan.
The cash on hand in Paris alone is So millions BY the
treaty annexed 70 the law Of the 9th Of June, 1857,
France, the capital of hundred millions with which
70 furnish the state, is TO be put without delay at
me disposal OF the Treasury in case of need and by virtue
OF the same treaty twenty five millions may also be asked
as advance money Besides the total Of treasury
I MhsR o On aud me n Of 1851 was as high
now as low as $50 GOO co., the
which one has been enabled to sppy to them the
cpaed pay ment OF the taxes aud the paid into the
cai'sc de dodon OF the army That amount Of 10000
600 less by seventy millions than the legal limit liked
Dy the Jaw on finances aud less by 100 600 than the
amount attained scarcely year ago Thus BY the simple
means oil the treasury without any trouble without uny
suppression the public service more than 500 600 COO
may be instantaneously obtained. Thus NJ Baroche ia
au,horized To say In h expose des Mortfs that ene
yer mas great country been able 10 place at the
established" NN''' AA'N''"' i'S'u''eS more s0nas
However to be prepared for the emergencies Of the fu
moment to procure the necessary means to continue
tne war when once commenced. is Obtain that re-
tnst the government has proposed tho legislative
BODY . bill to realize Inan of 500 goo OO0
me promptness and entnusiasrn with which the two
sale guarantees Of the patriotic eagerness thai France win
SHOW for the subscription Of the oan as the Pre-
soent OF the Council Of State said yesterday, atteptive
Europe viii see in the intimate union of the soveregns Of
ihe great public Powers and Of the whole nation the as
proofs Of the force Of France and the of her
SUCCESSES" |
MOVEMENTS OF AUSTRIAN TROOPS.
l1faasseo from the Havas Correspondence for the New
YORK HERALD
Two new corps darmee have just been pot on a war
nso .se os o. Of s & @ S
commanded BY General schafgotsche already route
TO Italy and Dalmata, where it 10 feared that the
enemy will land; il would be a dreadful diversion |
70 the TANKS Of the principal Austrian army The 10th
mas been ordered 70 Vienna is expected a few DAYS
and will take the place Of the 9th until the development
The military operations in Italy forces 1t to depart,
The movements Of the Russians Galiciar from
tiers to become serious TO tate those
quarters the concentration OF Austrtn COM
mapd of the 4h remained entrusted to General de-
Sehck he will establish his headquarters at Cracovia
This general enjoys great reputation tsc.cian; is
said that he the author Of the plan de cdpa0Be that
General Gyulai is gong 10 carry out in Piedmont
THE HUNGARIANS IN NEW YORK.
In consequence Of q notification Published yesterday
morning the city Journals considerable number of
hungarian residents assembled In the lower part of the
building 1917 Bowery discuss the state Of ars 10 Eu
rope and to take such proceedings the circumstances
n the might Call for The following ia the notice
wHA7s wISp?-Au the Hungarians In the city Of
vcinity invited attend meeting
Thursday The lsnist, No 1877 Bo~ery, to commence ats
O'CLOCK r. NJ.
At the hour appointed for the opening of the meeting
there extreme degree Of fdgetty inactivity re.
markable among those present. The Inquiries Of
porters failed 10 elicit any information concerning the OBJ
jects or intentions Of the assemblage. Eventually,
Mr. LEWIS HRABovszKY arrived, and, With considerable
energy opened the proceedings-that is as far as they
A.,