The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1860-02-15
FRANCE.

in the M0nlteur OF the loui. Ing tetsei 70
in effect as follows:
Despite the uncertainty which still pre-.
walls on certain points Of foreign policy.
pacific solution may confidently be looked
forward to. The moment has therefore ar
rived TO occupy ourselves with the means
Of giving greater development TO different
branches Of the national wealth. commu-
nicate to YOU here the basis OF programmes
Of reform, several branches ct which will
have to receive the appreciation oil the Cham
bers.
sour foreign commerce must be develop
ed By exchange Of products, but we must
first improve our agriculture and free our
industry from all interior impediments, which
place it in position of inierorty. gen
eral system Of sound political economy alone
can, BY increasing the national wealth, spread
prosperity among the working classes. Every
year the State grants considerable sums to
agriculture for clearing woods and lowering
lhilly grounds. Great works OF draining, IT.
rigating, and clearing ground are to be con-
tinued.
TO encourage manufacturing rroduc-
tions il is necessary to exempt from all da-
ties primary articles indispensable to indus
try, and to advance capital at moderate
rate of interest, which will assist in perfect
ing materials. By these measures agriculture
will find an issue tor its products, industry.
/ freed from all interior obstacles, viii adsan-
tageously compete with foreign products.
and commerce will make fresh advance. 10
counterbalance the reduction OF duties on
primary materials and provisions OF great
Consumption. redemption Of public debt Will
be professionally suspended"
The letter then sums up the intended re.
forms, viz: Suppression Of duty on wool aud
cotton, successive reduction Of dues on SUI
gar and coffee. yigorous Improvement o. the
lleans of communication, reduction Of the
canal dues BY general lowering Of transport
costs, loans to be granted to agriculture aud
. industry, considerable works OF public uilli.
ty, suppression OF the prohibition IN customs
aud commercial treaties with foreign Pow
/ ers. The loo, 900, 900 Of francs remaining
disposabe IRON the lax loan will be applied
in three yearly credits TO the execution Of
great public works. The Emperor con.
, cludes:
II am convinced that shall obtain the
support Of the Senate and Legislative bodies
to these reforms. | am ANXIOUS TO lnaugurat'
with them new era OF peace, aud TO ensure
its blessings to France"
The letter attracted great attention. Wit
: scarcely any exception the Paris press ap
plaud the object, aud IN England 4 give
= great satisfaction. The Londun Times con
cludes a leader on the letter as follows:
We are ia NJ condition ourselves
: present TO reduce our revenue, aud we ar
y opposed 10 commercial treaties. but stu vi
hope that il may be in the power pi tn
y Chancellor 81 the Exehequer, IN eunsidera
lion Of the impulse these changes must CIV
10 British commerce. and the probable 10
crease in the customs revenue, 70 make som
e reduction on Preach products. which will y
y at any rate an earnest Of good all. IN
{. two countries are at length fairly entered q
the same path in a contest 20 which bot
y NAV BE ,ictors, and where the one iha
\ Yields the mu.t has right g expect q
mnst solid advantages"
= The Daily News says the project will mue
'e promote the welfare anil increase the friend
!, Of France. Ii Lnuis Napoleon had been re
y qufred 10 give demonstration 81 his com
plianee 10 his own power, he could hardl
: have complied more efficiently than By al
nounsing policy Of free trade.
e Other journals speak 10 highly eulogisti
n strain Of the Emper"r's project. aud the Morn
ing Star says that Mr.. Golden has adde
y another claim to the gratitude d his countr,
:, for il is TO his exertians, backed by the zeal
". GU. cooperation Of Michael CheNalier. th'
= We are indebted to the policy u the Empel
!. or. The proposed changes are not exp.cte
~ 10 take place before August.