The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-07-18
French Financej.

How the increase of th. ormr question is re.
| garded in the chamber the following extract will
show. NJ. GARNER PAGES, On the 2Gth of June, du-
ring very animated debateon the general policy
of the Empire, in the course Of hi, remarks, said
| that this year there was a dangeous optimism
in tho report on tho budget. A great peril
would always be found in considering the finances
| to be better than they were in reality. The bud
get Of 1868 amounted to a,2s7, ,bO0,OO0f, with a
deficit OF 23 0OO 0OOf; in 1S64it was s56 OOO OOO,
with deficit of 1,000,0 ,00of., and thelast budget
showed surplus of $4,000, ,0OOf Ofthat surplus
they had carried $4,000, ,O(Of. to 1876, the other
10000, ,OOOf. had been applied to theprevious def
cits, but they were in Mexican bons. In reality,
the budget of 1866 showed deficl Of 5,O0O.0OOf.,
not surplus of 7,00O,000f. Now the budget Of
1867 amounted to total Of 2166 OO0, ,00f; but the
equilibrium was destroyed; for they mad the enor-
nous deficit of 158 0i0, ,0OOf. That vas tho truth.
The budget since 1864 had Teen cbsed with def
cits, and the system could not continue, for the
danger was accumulating. How COLD they re-
store the finances There we're thre modes
by taxes, the floating debt and tho consolidated
debt. Now, the indirect taxes did no press upon
bor. What was that denied? Therefore, they
could not have recourse to taxes rhcn, as to
the floating debt that was in 1879 318 600, 0OOf.; ;
ut present it had risen to ,414, 900 C-a fright
full amount. floating debt Of tlis magnitude
required to be considered. Enpand sets an
example on this point, and they clght to be as
prudent and wiso as she. He nov came to the
consolidated debt. II was not tore they could
find an equilibrium for the budget. In April,
1914, it amounted to 63, ,OOOOOOf, 4 rento now it
had increased to S41, 900 OOOf Tha was what their
wars had cost them.
NJ. Jules Fawe is tho Fice Of the en-
pire.
recur to an increase OF the fundd debt It was
from the war budget they must demand the means
OF restoring the financial balance. They could do
this, but were they willing? rha:was the ques-
ton. The problem was not insolrple. Instead OF
transforming the nation into camp and an army,
let them, out OF the army, create nation by or
ganizing National Noble Guard Did they dis
trust the country
A Voice-Is the army not the cNnry2
M. Garnier Pages hoped thcy vluld not listen
to turbulent counsels, which woult lead to fresh
unproductive expenditure, terribb in its consc-
quences. A total of 8OO 900 cffectic soldiers, and
the increase that force involved of expenditure for
war material constituted o real vessel of tho
Danaides, which swallowed NJ all the geld
Of France, and 1t was they that poured it in:
The Prussian army, man for man, cost only half
that OF France. Instead Of increasing the army
and exhausting their resources, lot them hus-
band their money and rely upoi the country
for defensive force; for aa long as they
had money they would never want non. The War
Budget for 1867 demanded 5S3 O00 0Of for the ord-
nary and 141 000 000f for the extraordinary expen-
diture; add the 500 0OOf. for the dotation and
the interest of 5000 600 0J0f. expond in war, and
the total would represent immense sacrifices, with
out profit 10 any ono. (Marks of dissent) Agri-
culture suffered loss OF 240, 600, G0. by the ab-
position of old retired soldiers COLD not be anne
iorated on account of tho heaw war budget.
Public education suffered from he same cause,
and when tho suppression OF the double decline
was asked for, the answer was !: tho war budget
will not allow it. Naughter.) Hewould ask the
spoken upon finances in that Chamber? more
laughter.) They summoned him to declare his
purposes. (Rumors.) He ought to warn the
government that, if the situation Of Europe
Be not changed, catastrophe vas approach,
not escape. Happily France would sub,
sist, and men would subserve. Marks OF assent
from the left.) It was said "They we're arming on
every side Of usl" Were they, then, afraid.
Naughter.) When the question VI Luxembourg
had been settled, they could not revive that OF
Maintz. The treaty Of London was not o farce,
and he could not believe that the Great Exhibition
was the prelude to q sanguinary struggle. Zap;
probation from the left.1 Nor did a veregns and
princes meet dino together IN ofdeT 20 prepare
for the 6edding of blood on new battle fields.
The speaker read some addresses iii favor peace
which had PASSED between the workingmen Of
Berlin and those of the Fanbourg st. Antoine; also
the declaration in O similar sense OF the Reform
League of London, and concluded by saying that
if sovereigns, ministers and dpomatists could not
come to an understanding, the peoples themselves
should appoint delegates 10 prevent war and to
form European confederation, and that then what
was termed Utopia would become happy rcali-
tY. lApprobation.l