The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-01-25


re Of France.
The Paris correspondent of the National ink'''
csxcsy refers to The recent French Treasury repo''
fsr evidences that "iaaucial France vas never
before Ia such admirable condition" Wen doe' De
s,y. that II ia an admirable document, eacu'a'
tsa 10 aproduce q wide sensation. on "''
observe. be continues, "thst with all the 'm"e'se
80, =, az and Of tse Interest payable upon an
.no,r,ors ssb,. the expenses OF 1855, '66 and s7
40 h.,.no.a. without having exhausted the rec
....... 80 ~. state. The budget OF the following
-. :, n..ca. nsss.) together with estimates for
10 ,A.,s TO come, give promise OF simple and
...v iion,a.tion. The amount Of Fseasnry bonds
a, resnesd sIuce the month Of February by more
,han llo.ooo. 900 Of francs. A sinking fund 10 &c
receive 600 600 from 1859, aud 20 100000 from
1880 Direct revenue flows into the exehe0uer
with facility without parallel. Indirect contri-
baton continues TO increase with propor'aspa
rapidly, and all taxes are paid with such prompt
ness and facility that the cost OF collection 10
decreased by nearly one third, Including the
expense Of suits for recovery. Let ne cite farther
that the bank reserve exceeds 553 900 ooof Tue
rate of discount has decreased from ten to three
per cent, aud the interest on Treasury bonds from
four 70 two aud half per cent. In spite OF the
40 900 900. reimbursed In ten months TO the
holders Of these bonds, the abundance OF money is
40 Srea. aud the collection Of taxes 50 easy thai
the smoun, Of cash 10 the Treasury, which wac
only rs eoo, oeof last year ~ this time, 10 nov
l43 ooo,oo0f"
The Phiisdelphia North american, commenting
upon this statement, presents some points wos
thy Of reflection, In the administration OF our
own affairs. France has but recently emerged
from Q var that has cost her hundreds OF mill
lions Of dollars, all Of which vast amount wa.
furnished BY her own people. She maintains an
army Of half Q million Of men, always In state
OF the highest preparation, and m immense ana
powerful nset She has debt OF many num-
dreds Of millions Of dollars, upon which she 10
enabled to pay the interest with tbe srease''
punctusiity. She has . vast system OF railroads
the average price Of the stock in which nmors
than par. French railroad makers borrow money
At 6 Der cent, while American ones promise ten,
being Obliged to create bonds, bearing per cent.
interest, and then to sell them at enormous dis
counts. France obtains the precious metals at Sc
oona hand, and yet they 80 much abound, that
taxes are paid with prompsitude that had be
fore been unknown. The increasing productive
ness Of French taxes is attended by constant d.
minu,ton in the cost of collection. The French
Goveru,n emf pays Its way and maintains its Gre
dit II 10 at this moment more powerful than at
any former period Of it's history, and Is better
able to go to war than any other country Of Eu-
rope.
All this is the result Of the wise and efficient
administration of French affairs. A war with
that country would be q serious matter. War
might possibly strengthen. instead of weakening,
the French Government at home. j. lie maxim
of the highest prudeuee-"in peace, prepare for
war,"-and no better preparation can be made for
either condition, than in an economical husband
ing OF a nations resources, and the wise Develop
,nent of her capabilities in every department. CT
industry and enterprise.