The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1863-01-16
Serious Cost OF the E1peditlon 70 France

From the Paris Presse, Dec. SOL
1t is impossible not to be struck. In ganc
ing ut the figures presented by the Minister Of Finance
toih The influence aUtch The Meticdn t1peio
must exercise upon ne present aud future situation Of The
finances of the country. NJ Fould counts upon excess
Of receipts Of hundred and ten millions In 1868 but
declares that the Mexican expedition will absorb part Of
cepts in 1868 to he expenses Of hai erpedo, has besides
compelled the Minister TO diminish by seventeen millions
the applied TO the extraordinary budget in spite OF
that reduction he must IN order 10 meet the necessities
budget prepare fresh thus he will take
twenty millions from tho doaton OF the sinking fund
and diminish by the same amount the reserves OF
the ordinary budget. Ia addition, no will offer
for sale q part Of the resinous timber
on the downs along tho coast, which viii pro-
cure him sum twelve millions The effect the Geri.
expedition cs make itself feh IN The years 1892 1868
AS it absorbs the whole part Of the surplus receipts
it will for time be obstacle TO reduction Of the
dcore But the correlation which exists between the
ration Of the conversion Of into per cents which has
cast great perturbation the market Of the ente is
probability that the conversion Of what
Of the Az cents can be soon attempted NJ. Fouds
TO the belief that the anal uncaon Of the debt II among
his desires is at the present moment hoped for by him.
Another effect Of the Mericdn yediion ia tha. II has
obliged tn Minister OF Finance TO maintain ia the budget
1864 the bases established by the Committed OF the Leg
iatve body the budget 1863 II may be remembered
that, instead OF one hundred and twelve mil
lions which asked for by NJ. Fould, the
mitfee only granted seventy!our millions OF fresh
millions demanded by the honorable minister, sixty.
eight millions appeared In the extraordinary expenses.
and In consequence inscribed on the budget
PROVISIONAL the seventy-four millions admitted by the
committee were applied to the ordinary budget, and con-
sequeny served 70 pay permanent expenses Every one
knows how taxes admitted temporary continued,
especially when they form part OF budget Of which the
elements tend to become denitve. Placed In face OF tho
exigences OF external situation the consequences Of
which be forcseeu by one NJ Fould hss doubt
found that method Of proceeding convenient he has
In fact laid down the bases OF his budget upon the con-
cessons which had been made to him by tho committed
So that IL IL Is true that the budget Of 1854 will be
balanced without any necessity to have TO fresh
taxes, not the less true that the supplementary taxes
ter Of receipts without anything TO show when they will
disappear.
The Policy and Position or Spain.
From the London Post government organ), JAM IL
In the meantime, the language Of Marshal
ODonnel at Madrid 70 imply that Spain mas wpcd
her hands altogether and delDtvey OF intervention
Mexico In oil the difficulties OF the care, hardly
regret this although II must be acknowledged that the
language Of the Spanish Prime Minister is TO a rather
striking degree, TIE Of conosoryt noghboring
Power What he says OF the deceptions practiced by
Amone Is however strictly true and rejoice that the
French government has been fully alive them as
abrdge very materially lie political programme and dis
card all Intention o. conforming the Mexican republic
European model or OF rendering itself an any way
spoons be for the future government OF that tract OF
country Marshal Donnel says truly that Spain like
Great Britain, had intention Of upsettng the Juarez
securing indemntes for Spanish, British and French
residents Ia Mexico who had suffered in person through
the misconduct of the nitve authorities. The French
however feel bound in honor TO chastsc their enc
France, happily, Is governed by sovereign who Is
content with the solid authority OF his government In
schemes Of political fr,o9andism he Atlantic such
e exploded motions Of Alnorfs hare su1gsd