The sun. [volume] (New York [N.Y.]) 1833-1916, 1862-02-12
THE NEW YORK SUN.
WEDNESDAY MORNING, FEB. 10, 1862.
Finance. Of France.

NJ. FouLns recent report 10 tho Emperor on
'the Finances Of France, fully maintains the
reputation be has &C luired tot business c4psci.
ty tf the higheet order. To-s long timol the
finances Of. the Empire were in a tePlorable
| condition. The outlay otcee ed the incom :,
aud the deficits, which extsueed back to the
days Of the short livcs Republic wsro easily
mot BY the Emperor with flourish Of the pen,
and docreee for a new loan. But promises to
pay, ~ We ourselves are Jeloniugto ind out,
are not money, AID the public creditors grow
eIsmorous Lcus NAPOLEON, with '~s,eity
peculiar to him, -iseiy recognized the no;,ssi-
ties of tbs Gaze, and ~ avert q " orse calamity
to h M .o't sA7od fr.dcs fccn bankruptcy by
calling to hi. aid Minister VINO had coutsgo
enough 70 tell him that he WAS vrlng aud
.udi,iont eKo. Itiyo sb.l'. to r1ueGy ,ho f.uNs
Of the psst.
Tho cxigo7cy of 'hc acal ION ara ,No r7pp's-
tian oc tho Miaiaot enabled him 90 d,c,s,, hi,
own terms, Wt1a trsnkuc's ttV ,urprissd
.ho world Lout, NiroLEoN conf SCOT tho
errors u his pSst dusrcal policy ard ptoSont-
irs M FuUip with $40 pof folio II rinaucs,
fcnounced his money making p'wor, AM hurled
secper thsn PLAN ncts ouud, the msSia ward
ihAt m'de prom ses 20 p'v--,ot eluI tO gold,
iudeei-but corvo'lNl' I1t it.
The Budge, oi NJ. Foutn rcpro,ant, a dedgi.
ency Of SsOO,Ouo 900, hat I'm tcs, no. pro,o,,
30 moet II with now io,n. Tno Increased
taxes which h, propc8es, and The iocicuo Vi
the army, on which he tuoNotably Ia.
sis's 'yssthst W.T.. o,h,t r,il o1s.
will, he 'hilk, snsh'c tho Tros,uty
ts g-ajusuy eyurku sh tho d'bt. To,
army ou bo ist u J,-uafy 1861 ccn,is'ed of
| tbr. 200 men on ,hel,t Of l,rusry. 1892, 1t
Wu 5uc,d to ilG 200, and on the lat OF jAnu-
Ary, 1863 q will be p,,c on its porns ont
! foo lex Of 10000 men uf I'll s'm', ana - 600
/ hu...s. Tnis val bs dccro,se oi g.. 900 mon
10 two yoars. Clro-po dinG r,dlc ions will
bg made IN other ID pattworts. the al isSutagss
W ich, hlweycr. aro enuroiy puspec i've, a.
hy q peculiarly only 70 be explained by ffsnch
| fnaDcirrs. tn ac'nsl expenditure of tbs cur
rent yea; ot rotroncaa.e0t Will b' g-,atcr han
durir z tho pa7t year of cN'ray'rerco. Rat o.
the Tnsl rosJlt in 'iu,.,',rg tho expcnses viii
tho income NJ fou.n B quite sAuguino aaJ
It may bo no ob,otyoi tust no hasss his CslCu
latiors for success on contingencies in whist
American, have tho deepest intetoJt, ani t,
VIII. We vii sg.nn alluio.
Ou, Il tho most motto. able features f he va
an VI az. Is th>t Poo prorota &c eNon,rs'e eyy
individual who hl, nothi x but his labor 90 do
pond on tom at pcrh1d t,>ls aud taN,' On
pty,-'y. Working non who " RI atom VII
also to cv1tcrNed from a tax on a pt'ou' IN
th. olcrcso af hoir calling o the othsr hand
sriilo OF moro luNIry snd eouvo. .luos arc
bfsn'y tay.t. \ NV tax Is imp sod on nor'
scs I'D cirfiA ~. which I, eN pec oil 20 yeli
an annual ircome ~ .iOlo,Ono. IN i"c'oss,
ia stamp dutic, ami 10 20, at tho public regi,
Try oil 'es Ia o-tmatoi to Proilcs (, coo, 0)o,
whilo modGt,.ion in tbs expense, Of cjl.
lection will effect saving Of 1900 OoO. a
fixed stamp ON bill. Of account aad rocli ptA i'
.p,c'ed 10 produce q 3 O,l0O. An iacro-3s II
stau dutie-, and o. bills OF stocks snl liciniei
brokers Is estimated at sl,1iO.OOO.
The estimated increase Of re, enue from thsi'
sources "a stated TO amount to slO tOO, 900
which will loavo surllu, OF .itOO coo TO b,
arpi d to the gradual reiuo ion Of tho uufuud =
dout.
Ior tho cNtrtorinsry expenses Of tho Bllsat
fnr l,6J to 10 applied to building railways AM
publ. woiks Of unquestioned utility, The
Minister recommends an increase Of the salt tax
which w uld produce 20 GOO, 600, ard tempo
rsry go gmenta,ion Of the sugar duty, oitimatcC
tt total Of nearly 81, 100000.
Such il in brief the programme of NJ.
FouLu, which pos cssos extraorlu uTy interest
tor us, a- binding France to a career Of indus
Try ard peace. The deficit, /. will ba seen, Is
not to be met by now loan which shall in.
crease the burden Of taxation but be gradual
ly s5sOrt cd by the iucscase OF taxation aul the
reduction Of expenses In tho new course :,
which France il committed by the enlightened
pclicy Of her rulers sho will gather NOR,
solid ana enduring trophies than those which
she has hitherto gained by war. Ia. hor sue
cess is entirely contingent on peace. Sle :
bound in recognilances Of s1OO 900, 600, and
ultimate irremcdiable BANKRUPTCY, not TO dis
turb the prevailing quiet in LIropo-or iu-
tsrierc in American affairs u our dstrimsut.
We must not, however be indifferent 10 the
probate results Of the reirsnchm,nts growing
out of tho necessities OF French finance, and in
agino that we aro cn'i.e'y secure Ir ~ he med
dlmg Of LorIs NNr.'roN 10 American Iliic1
Il ia rue tha' the fear Of baukrupry may rem
Ter him less likely 70 rsgosiil9 thl S1u herr
Cor foiaracy bat i, ia also no less certain hat i
will draw still closer the bon s o.. the French Al
lhrce with England, aud make 'be.o two coun
tries act in more yJmplote concert. Their msI
sures will he prose- utei IA common: their end
ara almoa Al i1entisYl they sutH,F al ika from ths
0 cts Of our civil war thoir very iellou5y o.
each other will induce unity of Sctior, and
whatever policy may he Adopted by one, will be
backed by the united strength Of these two ma.
tions.
Late from Colonel CoTcsrnn.
Lieutenant EDMuNu CoSNOLLY, of the Sixty
min b Reg ment, who shared the prison Of In,