The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-04

mains sum OF q, 500 O0Of. to be provided The ne
cessi OF that expenditure cannot be called in ques
tion. u calculated, with the addition Of some &C
cossorles 81 more than 1877 000, 000f including the
dencit q 1851 such as L. it cannot be charged on
the budget and stlll iess can It be carried 70 the
already too large IN consequence Of previous de-
ncits" The toan then, Is not merely necessary, but
IS positively indispensable.
The next question Is as to how the proceeds OF the
loan are 10 be applied and In what mode. The Min
lister OF Finance IN his report to the Emperor stated
to the deficit of 1857, which is is9 900, ooOf,
ana sd 49, the transformation OF the war material
Iss 600 ooo and to the public works for 1868 and
provide for this the proposed the loan OF
40 OOO, OOOf At the same time the expositions, or
exposes des motifs emanating from the Council OF
State, OF the amended budget OF 1885, and
the primitive budgets Of 1869, which are still
under consideration, include the exceptional credits
OF the army ana navy In the estimates OF expend
ture adopted for those services AS regards the De-
parment of Public Works, the Minister has not set
apart any special and distinct credit for the aggre
gate OF works which are to be provided for from the
loan. This mode Of proceeding makes the sum sup
posed necessary to balance the budgets Of 1868 and
1869 404;576, S97f viz
Francs
Deficit OF 1857 1ss 8o6 600
Applied to the budget OF 1858. iso' ss2 SS4
Applied TO the budget OF 1869 ........ 90, 838, 1888
Total. Observation-Disclosures. 4o4, $40, ss7
winch might be reserved to pay in 1870 for muskets
or Tor arms for the navy, for the repairs Of Ori
ueu pIuCeS. me reporter ODBerVe5:-" Such mode
OF proceeding has appeared to your committee calcu
lated to introduce certain confusion in the WHOLE
as In the details of the budget. 1t has in effect the
grave Inconvenience OF not placing in the same line
the receipts and expenditure, and consequently, of
OF not distinguishing the expenses OF which the
foreseen and exceptional character is the motive for
the loan; and, finally, 1t mixes up In the same
ton the expenses provided for from regular
sources and those which are to be betrayed from the
resources furnished by the loan. Precision and clear
ness are essential conditions In every law OF finance
The expenses and receipts should be placed in face
of each other, so that we should he enabled at once
TO see both the nature of the resources and that
OF the expenditure for which they are furnished.
1t is with u view to maintain that principle that
your committee have required that the law of the
loan should be special budget of receipts and ex-
penditure and that this last should be clearly spec
fed, so that the ways and means exceptionally
created should not be diverted to other purposes;
and finally, that special account OF the manner in
which they are applied should be rendered every
year to the Legislative bOdyn
This first point established, the committee next de-
termine the amount OF expenditure which the loan
Is to meet AS to the deficit Of 1857 there is diff
Guilty Neither is any objection raised to the greater
part OF the sums for ornaments required by the Min
lister OF War; with the exception OF those concerning
the transformation Of fortified places They dispute
however, two sums demanded by the Minister Of
Marine which are not 80 exceptionally urgent as to
be furnished by the loan.
prsing the deficit OF 1857 and the sums demanded
Francs.
]. Dencit N 1857. .183, 606 600
2. The sum required to complete the
100000 new muskets plus $4,000
muskets transformed, with their
g. Complement Of material for artillery. $500. Goa
4. Military telegraphs. .............. 200, 900
5. Fortified places. Observation-Disclosures. a. OO0 900
8. Cloth spare clothing. .......... 6,622 500
portable arms for the marine service q, 500 900
8. Special constructions, navy, not COM
prised in the programme OF 1867 .. 5000 1000
9. Expedition to Italy ................. 3,O52 900
10. WOrkmen, extra. $500, 900
Total. 1881, $50, 584
Now that these sums are carried to the special
budgets Of 1888 and 1860 must be struck out, and
after that operation those budgets will appear in
After deducting from the divers budgets under con-
sideratiOn all the expenses rejected In the special
account OF the loan, and infinitely calculating and
adding up all the savings practicable in the two
budgets the insuicency Of resources is found to be
for 1868, 81 64. 27Of and for 1889, "a, oos s2of.
The concluding PASSAGES OF the report deserve at
tention:-"Neither In France nor elsewhere should
the outlay on ornaments ne regarded as dictated by
the idea OF aggression. They have but one object
actual facts and to secure peace by maintaining the
dignity or the nation and at the time the safety
of the territory The third part Of the report main
tains the dOtatiOn for public works for the year.
1868 and 1869, and permits the completion o.
those useful arteries which serve 30 powerfully
cor s and rne % be
ton OF the confidence OF the government and
of the Chamber in the maintenance OF tranquility
No doubt, II the loan had originated in idea OF
war; 1t would not have been prudent to carry on
simultaneously military preparations and works
which only belong to periods OF calm. But as the
portion OF expenses concerning the military and ma.
val departments has no other object repeat then,
to place the military machinery Of France on level
with progress 1t would have been, in the judgment
OF your committee fault, grave fault, to arrest
sthe progress OF public works For confidence to he
restored 1t is necessary that the country should be-
leve in lasting tranquility. Your committee are
happy to be enabled to declare the present occa-
sion that all the information which they have de-
rived from the government during their two months
OF labor authorizes them TO affirm that "a well az
the whole OF France the government desires peace,
and will know how to maintain 1t in the conditions
OF dignity and honor necessary for great country"
10 Is said that the Minister Of Finance has declared
TO the Committee on the Budget that the government
considers that there Is nothing to be done on the
subject Of the alleged debt OF o. 776132 due by Eng
land to France.