New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-28

Comparing the expenditure, amounting tO fl0,
OH SIS to the revenue OF 60, S29 1873 we mad de-
felt Of f3 Isl, $50. On the other hand the eNly
acquired provinces are estimated to yield an annual
revenue of f3 ABS, 552 and to cost an annual ex-
pcnditure of { S55 9Si so that they would leave
clear surplus of IL 800 OOO According to this cal
culaticn, The deficit of the whole kingdom of Sar-
dinia including the newly acquired provinces, would
be rt duced H. { COS 262. 1t is only just that
!. ombardy and the Duches should pay part Of the
expenses Piedmont has incurred in the Italian war;
but IN the run of time, it might prove highly dan
gerOus experiment to charge taxes upon the new
provinces almost twice large their cost of ad-
ninistratiOn requires, with single viewtO relieving
the exchequer of the old provinces.
Pc pie cOnversant with the undercurrents of the
Paris money market continue to give out that an
other French loan is looming in not remote future.
The only thing wanted is speciOus opportunity for
raising the wind The empr0nt de la pair, as
you know, has proved failure. Part0Rt pour Ia
Syrie mas till now been rehearsed on too small a
scale 10 justify fresh appeal to the tbusiasm of
the gyaRGe nation II is, therefore, presumed that
should rOthlDg new turn up, and the prices Of corn
90 on increasing a loan viii be raised on the pre-
text Of providing against the possible disasters of
dearth. In connection with French finances il may
be remarked as curious fact that Mr.. Jules Favre,
who dared to predict in the midst of the Corps Leg
isIatif the impending crash of the Imperial Exche-
quer, has been elected BatOnRier of the Paris bar
The French advocates, as you are aware, have from
the times Of the old monarchy saved some tatters of
their ancient feudal constitution. They still form
sort Of corporate body called the Bdrredu the yearly
elected chief of which, viz, the BatOHnier, repre-
sens the order in It's relations with the tribunals
and the Government, at the same time that he
watches over its internal discipline. Under the
restoration, and under the following regime of the
citizen King, the election Of the Paris BatOnnier
always considered great pOlical act, involving
a demonstration for or against the Ministry of the
day. Mr.. Jules Fayre's election must ! believe be
considered the first anti BOnapartist demonstration
ventured upon by the Paris Bar, and consequent
ly deserves to be chronicled among the events of
the day.
In Yesterdays sitting of the House Of Commons,
before House hardly large enough to make up a
quorum, Sir Charles Wood, that true pattern of the
genuine Wing paCe-hunter, carried resolution em-
pOwering him to contract a new loan Of Three Nil
lions Sterling on behalf of the Indian Treasury.
According to his statement the Indian deficit was
in 1859 (the financial year always beginning with
and ending in ApriD GA, IS7 900, in 1890
G99S1 ,0C0 and is estimated for ls60-6I at e. 400
600. Part of that deficit he promised to from
the yield of Mr.. Wilson's newly introduced taxes
very questionable prospect, after all-while the
other part was to be provided for by the new loan
of three millions The public debt, which in 1856
81, the year before the Rebellion amounted to
859, 442, OO0 had now increased to f9l ,S5l 600
At still more rapid rate the interest on the
debt Lad grown. From G2, 525, 600 in 1861
il had risen to 4,46l 900 in 1880 Although
the revenue had been forcibly expanded by the i'm
position of new taxes, still it could not keep pace
with the expenditure which, even according 10 Mr..
Charles Woods own statement was increasing in
every direction, save that of Public Works To
make up for an outlay of three millions on fortified
barracks there has been put during the present and
will be put during the following year almost a
% perfect stop TO public works and public buildings
% of a civic character" This perfect stop"
Sir Charles seemed TO consider one Of the beauties
Of the system. Instead of 40, 600, as in ISj6.57,
here are now kept $4,000 European soldiers in
India; and, instead of native army of hardly
200, 600, one Of above 300, 600 men.