, 1875-03-11
7s,oU,m
tW,UN,0o
0eneral total. w.,


TIE WEALTH or FRANCE.
What has Francs to sf'ow against thlss II II
tho prevalent impression i" FRANCO thet heE
amount 10 si0u,O00.0o0. Probably this iH con.
siderably ~ uuder-estinate; but u It ha admitted
a. CORRECT It follows that tho cost of thu var in
Tho net profits Of tho country. 1t il pot. bow.
nyor. IN that form that proportion can oo estab.
lished between liabilities aud RESOURCES. The
1nehst11 eucus must DO made, not ID capital lt 10
interest," for Il is, Of conrhc. IN the latter iortn
on loans, That Pfanco nov feels the pressure.
That new tn1ation when completed will amount
to shout e130. .o00. 900 . year. and thAs 10 tho
real aum which IL to be deducted from tic an.
nua1 profits Of Tho country IN consequence OF
war. Now. Il theso profits WeTs only $too, ooo-
00C and II theY uera not rtogI essiso. hF't stand-
ing still at thsir p1sTiona rae. th's ooaacs1oh
would absorb almost tlItrd OF theta but. as
they ara continually advancing. IS every branch
Of trade 10 France L. actiro II may fairS DO SIP
uosoa that after paying the 3130Ut0. 0Jtl Of war
taxes. Franco ia effectively laying rs Al much az
| Bhe did In tbs hest years before tle Wal. "Aat.
| eser that .cal!y was. -
It wea stipulated In tho convention besweon
| tho tEo nations that tho indennlty ehoN1t be
| paid in tnata!lments bcfots Mach 2. 1871, at
it1ed dates These paymtnts could oply On ,nr oo me
sud we're 10 be effected In gold or silver, in En-
| gltsh, prnssian. Dutch. or Belgian bank-noses,
or In coumtfclzl bills OF tho drBe cl&as. Nut
| Germany rcfused to consider any payment de1at-
| the until the material in which 1t Was tnaIe wRa
| converted tuto German coin or tts equivalent,
hnd Franco waa le4curcd to pay the cost of uak'
| ing tho conversion.
a. The annexation Of Alssce-1 1.orrntne to Cor
many Obliged tho Eastern Hallway Company TO
] abandon III its tines within tlo8o provinces, II
| WA agreed that Gormany should pay for them
SOS COU. D0O mud this SUM should bo deducted
from the indemnity. THIS was tho first c1cop-
lion. Tho ascond WAB That Germsny consented
~ favor to aocept 925, o00, ,0oo In French bank,
notes. BF theaa Two means tho 81. GlD. Go0. uGu
we're reduced to s9l0. .00b, 600. But to tho last
must DO added eGQ, ,895. 600 for interest Hbtcll
which catried tho total for payment in coin or
German money to e370, SCI, 700. The onliro total
OF tho indemnity, including $65, ,000, 900 for tho
railway nnd interest and e1penseB. was tleFa-
fore 81, O63, aa225. 900.
Tho tirst psy yineut which WAS tho inats1ment
In French Lank-notcs (e25 010, ,o8o), waa nsat!d
Juno /. 1871. Tho noneyto meet tho indemnity
| waa derived succeastvcly from the folioH'nG
aoufces: ....
VAlue OF The Asacc.Iorraine railHays..$ tt0oo, ,ot
Lou from tho b4nk Of Franre. ....-..,.. 2I.too ~
Out Of tho hEat loan for two ruAasaA.... Ts,1N,Mh
Ont Of tho second iosu for iLtst ntlihfs 6U1 %.
Out Of the budgets Of lo73 snd 1878 IN" u,.
tera4D, eosss''Ns
How tbe transfer Of th!a enormous amount
loaa tho rKi}a Ays, to Germany w.H perforu1eI
| will now Ia described. Tho materials uAed II
tue transfor wGEe - follows:
| !, 4ar1nau bank notcs and u1onev collected
in France aftsF tlin war. u5.o0
T. Freneh cold IND &ilTeE... 1HAftQ,k
u frvhch bant notts...- .h,eUV.oS