The New York herald., 1868-06-08

pations Of the native nnanciers have been realized
y most be owned that at present any favorable pre-
dicton respecting the financial condition Of the great
northern empire would require no small amount or
assurance 70 sustain it. Though not depleted 70
ausn a disabling extent a. her Inflated nelghoor
thusir'Hl RUSSIA has at present more than one au
verse influence tO struggle against apart altogether
from the perncions effects Of the crimean war ana
me serf emancipation, 10 which we nave aileaay
advered. In the first place the mania fof dispro-
porttonateay large standing army new Ianlpan. M @ IN
S S hSpe ssnemses mas 'u Of the was vast empire
more than a fourth are mrnisned by the war
onice; and, In spite OF All enor n,Sor ~ 0,nns
ground than otherwise. Nor is this to be
wondered at when consider the actual numerical
strength of the Russian army, the perpetual and
costly improvements In its arms and equipments,
and above all the enormous expense unavOidaby
in e ss Ga erna d
OF troops from one point to another. Among the
many egaces OF evil bequeathed to his successors by
the Emperor Nicholas none has been more baneful
than this Military in thought In habits, the late
car was good colonel but bad Emperor. Like
Frederick the Great, he attempted to make the army
represent the State; but less far sighted than the
soldier king he did not even permit the State to
exist with the army. Everything was made subor-
dinate 10 powder and pipeclay. The imperial drill
sergeant cast down his marshal's baton and 1t be-
came serpent, which swallowed up every civil
Junction. and the effects OF this disempered enlarge
ment OF one limb at the expense Of the rest IA
tally manifest even now.
But apart from this disadvantage, wherein half the
Kingdoms OF Europe are her fellow sufferers Russia
has TO contend with two drawbacks peculiar to her.
self. The present immense demand for new lines Of.
railway is beginning to have justice done to it, with
haste and recklessness prOp0rtloned TO the tardi
ness OF the commandments; and the expense OF con-
strnctiOn, occasioned partly by the. scarcity. OF
material but still more by the irrepressbe and wide
spread peculatiOns Of the officials Is almost incalcu
liable. Some idea Of the total cost may be cleaned
Om the fact that the export OF rails to this country
from England alone reached the figure Of 65 600 900
ktlOgrammes In 1865, and go 600 900 In 1857 1t is
true that this outlay IL one which must in time repay
itself hundred fold; but for the time being 1t Occa
sions formidable Drain upon the already attenuated
resources OF the government, and not unnaturally
excites much censure on the part Of those short
sighted politicians who think "a quick sixpence bet
ter than slow shilling" To this feeling Is doubtless
to be ascrbed the present depression IN Russian rail-
way shares which, however, are beyond all question
perfectly good investments.
The second Of these drawbacks, and one equally
obnoxious to the politicians above mentioned lies in
the reductions now being carried forward In the
listing tariff. These like the outlay upon railways
are certain to bear abundant fruit sooner later:
but meanwhile, when we consider how large Q pro-
portion Of the national revenues are derived from
this source, we cannot be surprised to learn that
attempts are being made to throw out the proposed
alterations and to einsate in their full integrity the
ultra prOectionst regulations which have been tem
pOrary dethrOned.
The sbOined table of statistics II reliable IA doubt
always permissible with respect to Russian official
comInunicatOns will give our readers idea OF the
slrQsa. mt lafA m al