The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-20
NEW YORK HERALD, MONDAY, JULY 20, 1868.

II s imrossh!e 70 repiy and Others which il Is Ipds-
r"iis'hc o e'utc' shah not, however, answer his
PROVISIONS rs TO we Iu,dre for against his fears
might express contrary expectations and then who
could Judge between US Hear hear.) NJ. Theirs
tie number or bnile In eDch manner that there
IN NJ possibility o. understanding them chat have
deficit Of 700 0oH) IN 1868 and 250 600 900 in 1859.
tire time of the Chamber In discussing matter OF
pure form II N. Thi,rs had not intimated that the
object OF this sepa7a on was to conceal secrets OF
nature to deceive ptbiic opinion. TO hear him one
might suppose tnat the ordinary, extraordinary,
special and sinking fund budgets were placed at
such distance rom each other that 1t is impossible
e. verify and to.aliie them. But they are to be
found not only in the same volume In the same re-
port and in the same olii but In the same page. He
tells you that BUDGETS have ALWAYS deficit and
that ten Years Of The regular increase of income
will be necessary to re-estabish an equilibrium
Is that trueP Ia 1t certain that the budget of 1858
has deficit OF two hundred millions. Where
are any traces OF 1t TO be foundf Is it In the
ordinary budget which has surplus Of
lO4 OOO0O0S In the 81 acial, which shows q balance
OF receipts and expenditures In that OF the sinking
fund which gives surplus OF 23 Ooo 900 in 1867 and
Of 25,oooo99 In lSsSf Is It In the extraordinary
Prospective observations. He has said that formerly
there were no extraordinary estimates, yet from 1880
down 10 1S47 all the casual expenditure which we
are endeavcring to meet by the ordinary
means was supported by extraordinary resources
savings banks loans, sale OF woods &c, and which
amounted TO 1850 900, 900; even then the ordinary
budget did not show an equilibrium, and from 1910
down TO 1347 the deficits amounted to not less than
SS4 900 0lm0vement-the BUDGET OF the last year
alone, in spite OF loan, showed an excess OF expen
dlture over receipts to the amount Of 257 0O0
have shown that at present there is deficit I'm the
ordinary special or sinking fund budgets is 1t then
in the extraordinary The portion OF these last
named estimates not covered by the surplus OF Ordi
nary receipts consists entirely OF new works, OF ports
to be improved or constructed, Of military naval
war material to be created or modified. We are bor
rowing for expenses which cannot be avoided. and
we only engage the future to the amount Of
1874 900 in 1868 and 143 000 900 In 1859. We have
done everything counselled by prudence and by wise
financial rules, and the budget OF M. THEIRS COM
pared with our own does not appear to have any
advantage In trustworthiness, eXactitude and good
political and financial principles loud appause.)
The discussion was then adjourned.
The debate was resumed on the It'll OF July.
M. JULES FAvRE said-Gentemen, the observations
since 1852 the receipts and the expenses have both
gone on increasing in such way as that the former
have exceeded the outlay by about II this
is the case how are we o explain the necessity OF
many loans, amounting In all to nearly 5000 600 900?
In my opinion the only possible explanation OF these
contradictions is to be found in the solutions OBJ
tanned by dividing the budgets. (Murmurs.) by the
side OF those which show surplus, there are Others
which exhibit deficit and these last devour the
first. All these illusions would not exist the
receipts and expenses concentrated in the chap
ter. AS the matter stands, you have been unable to
provide for the execution Of the public works not
receipts, and the past may teach US what
to expect in the future II we do not take energetic
measures, II we do not, by our prudence, courage
and patriotism, find means TO arrest the government
in its Of extravaganza it will bring France to
ruin. Applause on the left and general murmurs.)
NJ. MAGNETIC comparison have drawn would
evidently be false II any loan had been contracted
from 1854 to 1853 for ordinary expenses. Let u.s.
re- n rle o. n e o s oo
were applied to the Crimean war, and few will dis
pute the necessity Of that demonstration Secondly,
5000 900 for the Italian campaign, and do not
think even NJ. Jules Favre Will blame that expedl-
ton. Thirdly 292 600 600 for the OF China and
Cochin China. Were this the proper time l could
az lv Ohfa
for commerce by those measures. The fourth loan
was for the Syrian expedition, which have no need
NJ. EUGENE PEILETAN-And Mexico9 (Noise)
NJ. MAGNE-One word more, gentlemen. Ihave no
the EXPEDITION to Mexico is cSaracterzed BY the
phrase an enterprise legltmately commenced. lex,
Carnations on some benches OF the left.)
VoICEs-"Yes, yes, that is evident; that Is indis-
putable."
NJ JULES FAvRE-It was a monarchcal and for.
eign intrigue that cost the country 3oo,ooo,ooo.
M. MAGNE-I give you, gentlemen. the humble APP
probation Of one who does not make politics his pro-
fesson and who judges facts by the simple light Of
justice and his individual common sense.
NJ GRANIER DE CAssAGNAc-And also Of patriot
ism.
M. MAaNE-I repeat, that 1t was an expedition le-
ultimately commenced, gorousy prosecuted, unfor-
tunately terminated. Great appause.l The exam
pie Of England ia continually cited but there are
cases where ] should like well to see II initiated.
England is very great nation in many respects, and
one of the most remarkable OF them Is the common
feeling which she establishes between herself and
the meanest OF her children. (Hear, hear.) The
protection OF England follows all her citizens wher
ever they are found, and whoever insults an Eng
lighman wounds his interests, person property
ofYends the whole English nation Great applause.)
NJ. GLAIs BTZOIN-Did England set up an empire In
Mexicof (Exclamations and murmu1. 1--WE pro-
tost.'o
the PREsrDENr-Do not protest il listening to
such language.
NJ MAdNR-As the example of England IL % often
quoted will say that often put to myself the fol-
lowing question. suppose for q moment that the
Abyssipian expedition commenced with the unan-
nous assent OF the public powers In England and
for motives analogous to those which determined
the Mexican, had not succeeded. Interruptions on
the lefty ask myself, repeat, this question:-In
presence OF q national ana public misfortune. what
would have been the attitude, what the language OF
the Parliament (Renewed approbation.)
M. GLAIs BIZOIN-There Is no comparison what
ever to be drawn between the two expeditions.
M. PICARD-We shall have q better opportunity of
discussing the Mexican AFFAIR at q later period. I
shall now merely inquire whether the country has
reason to congratulate itself finding that after
financial direction OF sixteen years. the last three
years show large deficit, TO be met by loan and,
besides all this, Q floating debt promising another
loan for next year. This last IL the sixth, and, II
account Is taken Of those made indirectly the tenth
Facts speak loud enough, and comment Is superfu-
GUS. The hour s come for the country to pronounce
O solemn Judgment What we demand above all IL
light-a simpncation OF the facts presented to the
public. Applause near the speaker.l
to- and the bill In its aggregate was adopted by rs
untA To