New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-11
as drawback in the industrial competi.

| liOu Oh Tue future.
France may now be considered out O
r the race altogether, for the events of the
} past few months have weakened her in
dustrial energies to an extent beyond the
) hope OF recovery. The defeat and ami
, hilation of the commune, which for the
/ most part consisted of the industrial O,
laboring classes, who, though misled and
misguided, were the producers of French
goods and manufactures, will scatter the
survivors of that dreadful conflict far and
wide, the most of whom will seek refuge
from political persecution in the United
States, where they can enjoy their opin-
Ions unmolested and undisturbed by the
question of who shall rule. The national
debt of France can not be much short of
81, 5O0, 600, 900, involving an annual in
terest of s2OO,OOO,OOO, equivalent to
about six dollars per head of her now
much reduced population. 1t is pre-
sumed, also, that during the next decade
there will be large emigration from that
country, and thus increase the per capita
tax, and keep France entirely out of the
race or competition in the commercial
contest.
The comparison made in respect to this
great contest, according to the statistics,
are up to the year 1870 and are thus sum-
med up: England has national debt
which requires that she shall provide an
annual income to meet the interest on
that debt of S12O,OO0 900, being equal to
about 50 80 per head of her population.
According to Mr.. Baxter, the State and
national debts of the United States re-
quire an annual interest payment of about
Sl36, 600, 900, or an equivalent of about |
50 So per head of our people Germany
as now organized, has, according to the
same authority, an annual debt charge of
only $40, 100000, being in the proportion
OF about ninety cents per head of her
population.
The comparison thus made is more fav-
orable to our country than at first sight
appears; for the general imitation of
prices and values which obtains here rem
ders the sum stated about half as burden
some as it would be in England and
about one-third what it would be in Ger
many. In calculating the rapidity with
which the three countries are reducing
heir several national debts, it will be
'een that during period of fifty-five
7ears Great Britain has diminished the
of her Indebtedness in the pro-
portion of 0.2per cent; the United States, ]
rom the year 1865 to 1870, has reduced !
lers IN the proportion of &c per cent: l
nd Prussia, as the standard of German
eduction, during period of twenty-five
ears, shows an annual percentage of LIS. '
n the event of the payment of the French 6
Indemnity for the war expenses, as stipu- +
ated by the late treaty of peace between I
rance and Germany, there will practi- t
ally be no great national debt to burden 4
ne German empire. Under the state C
lent of the condition of the three ma b
ons already named, as it regards their Fl
ebts, it appears that Germany stands C
'remost IN the industrial competition Il
hlch Is to engage the attention of the O.
copies of these several nationalities. 81
We certainly possess two ADVANTAGES n
yer either England or Germany in re- Il
'ect to the chances of gaining the great g
1ze. The first is that we are not endan- CT
red by warlike and threatening nations al
'out US which requires the weight and tt
pense Of large military establishment; CT
d second, our national administration
the cheapest in the world, and if in nj
ndry instances our State and municipal al
pendlture is about the most extravagant jo
be found anywhere, it is not the fault til
system, but in the people who SUBJ tn
t to it. de
hat We want in order to insure sue els
IS in this most important contest of the tn
: is that the local and national taxation wa
III be placed on a basis which shall phi
We industry free to attain the natural SUI
portions which the future has to offer. do
is must be done by broad and COM ma
hensive adjustment of all the relations lot
taxation to trade. me
he time is at hand when our legisla- fire
should consider these great questions exl
rade, commerce, and industrial growth ''tc
our country, and enter into the matter ow1
a zeal and energy commensurate with lab
national issue before US, and put into his
,tical operation such measures as will hoe
BILE US to realize the commercial great hin
) which the future has in store for us. inc
his
HINT TO SUMMER TOURISTS ORC.