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


How the incrca:o Of the army uuost,ou is re-
gar'icu tn The chamber lac following; extract will
SHOW. NJ. GAnNlER PAnrB on the 29th of June din.
ring o very animated debate tho Ecncru pnli, :;
OF lilo Empire, i'll tho courac Of hi rruarks satd
that this year there was dangerous optimism
in tho report OH tho budget great neril
would always DO found i'll considering tho finances
to b, bottcr tlinn they were in reality. Tho buL
got of 1863 amounted 10 2I957, GOO, ,OOaf.. with n
deficit OF 23O00 0O0r; il 1861 il was 25G 900 0o6k
with q deficit OF 5,000, ,n0JE, and the last budget
nhowed O surplus of 22,O1,O00E or that surplus
they had carried 13,0O0,O00f 10 1866, tho other
10000 0o0f had been applied to The provi.dB ilefi-
cits, but they woro in Mexican bonds. In reality,
the budget Of 1866 showed deficit of 5,O0O.OO0f,
not surplus of 1000, ,e0of. Now. tho budget of
1867 amounted toa total Of q 16 900 0oOf; but tho
equilibrium destroyed, for they had tho onor
NOUS dcilct Of 15S,O30, ,0O9f That was tho truth.
Tho budget since 1861 lad been closed with tloii-
cits. md tho system could not continue, for the
danger was accuniulating. How could thoy re-
storQ, tho finances 2, There, wcro thrco modes
by taxos, tho floating dcbt and tho consolidated
debt. Now, tho indirect taxes did not pross upon
tho personal wealth Of the country, but upon In
Dor. Whatl was thai dunpd2 Therefore, thcv
could not hayo recourse TO taxes. TLon, us to
tho floating debt, that. in 1910, 318 600 O0Of;
ut present it had rson 10 1,i1i 600 000E-a fright
full amonnt. a il6atips debt of this magnitude
required TO DO considered. England sets an
example on lhis point, aud they ought to ,bo as
prudent and .Fiso ns she. Io now came to the
consolidated debt. II MAS not tlicro they could
find an equilibrium for tho budget In April
1914, IL amounted to Go 0O0 DOOR Of rcnto now it
had increased to 3i1 600 p8Df. That was wnt thoir
Yars bad cosC them. ..i:f .Y ,".I
. M, Jules Fayro Tl,,t in tbo 8sfcnyt tIo ~,
prc - -, v '"e e e''' en-
: NJ GARNER papns- IL ,sos m Ionno- no,,;,,o ),
rccur to N inerSSsn NJ thn hi,yItT do, ~ ~ g.
from the war budget tey must dcmanI Tho oons "ns
of restoring tho financinj balancS Thov c,,I a
Oai Ths ns is Tg nHt %as the
TRANSFORMING tho nation iHtu camn and an armV VI
let tbom nf Of t,n am crn,io nt;a nrG nh M Ma.ns'
DnnzinI N,iionni sfn}t SnbrJ iou IN; ~ % " ~, n
frnst ii,e comnirvS yum u. D'u lnoS uis-
Yoico Ia iio ,r,,vy nab tI,o .oun,r,,
III. GARNER Pages b;ncI ih"y w",ii no, ,;s,on
to turbulent counsels whisW Syo,,5 Ic,,i ~ sset
unproductiye cxpen,litnrc tcn;hI, ~, a., ~ n nos"
quencca A tntnf of 800 ODD cfrrctixc sorfiere md
tho increase that forco inSolye Of c.ncnd;inro uG @
war material constituted n roal yessci Of tbe
DanaidosS which swnIi,uoi a., 'sot III VI tI9
- Is.sss,. r"'hU"cu up uii tno BCiu
~ H. rpaneo, atiu u was thoy that poured IL in.
III ~ - E atIy, ny; lor mhn, cos, only hall
s,as .a y. rin.o. tmstchu OF increasing tho army
hnu ts hasSstnS taeir resources, lot then> hus-
So 'IHH Ins s;' nna rfty upon tho country
ha5 ,nonnx ;In I ,JrSei lor Oh long Gs thoy
H~ md1 ~ nesy tSy mCa heYer CT won't nlntl Tho War
ga a 1ai ippt 90 nanI for tho ordi-
u ,S opr I'LL s,io eAtfaorulnary cxpen-
rta.op esiNt tuo Iu,v.O,vVuL iur tnc QotnttoN nnd