The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-04-26
mn TINANCES OF FRANCE.

Nafi5A-Tke FreAeA Nd Oniy "a Eega-
oaiall and H9GTdiag EsgI|e, 6ui an En-
eepliSnally Iadudri0ui Rafi0a-Agdel!ig-
ri Rssouresl and Skill in Manufacturing
Supplemental Jy Ate Management q II.
naaesl aAd Rlreaues-TRs AGiAieRGRoe q
he National FdiA thE Main ELemEAi q
Her SseeGs.
To the EdibE oitle Thbuns.
SIR:-In concluding my former letter
/ suggested the inquiry, by Uhat means
has France been able 70 recover from the
misfortune Of the Franco-German var;
what Il the explanation other recuPera-
tive POWerl -
In considering this question, it must be
conceded that France wa not at the con-
cllsiOn Ot her contest With Germany =
poor country. She Was only Ostensibly
90. Notwithstanding the immense drain
Of men and m0Rey TO which she has been
for centuries subjected, blythe eEhausting
wars in which she has been engaged, she
has alVays been the richest nf the e0uti.
mental nations. Il will Be ree1ilecied that
in the old wars between France and Eng
land French gold was frequently more
potent than French arms, and that, in
many instances, money accomplished
what ValOr and diplomacy had failed 70
achieve.
Within the la, thirty OF forty years
Great Britain, By bet eGtensiVe commence,
her colonial trade, and her manufactures
may have taken the lead In wealth. bat
even this is . mOOted question. france
has been frequently impoverished by war
and bad government but she never could
have been considered bankTuPl, except al
the time she substituted pIFsF for gold,
and attempted To make the inc0nyerIible
asaignat the equivalent OfcOiH, an eXIsr-
iment 50 disastrous ia IL results that 1t Is
mol likely to hs REPEATED on this sEie the
Atlantic. Many causes may he assigned
for the WeaIih which PrAnne Ia, blen
found to pe,s..... in all great emergencies,
among Which are the lollovins
The French people are an eminently
ecDnDmicai apl thrifty people. 4
French family can live, and live veil, on
les. than VoGll * considered sGtEGisni
to save iron starvation an American
family II the same numbers. An intelli.
gent Bo4tonian who had spent some years
in France, aid 70 me la. summer, ia
speaking 0i the economical habits and
.kill in cookery Of the Preach people,
that - French village Of 4 thousand in
hAbiiants could BE- supported iuIuFiolsly
on the waste u one u our large Aneri-
can h0,els.H The remark va. not lar
from the truth. II the art Of cookery
were uGiefsIgod aHd prac;i.ei 10 TIE
United States a, il i 10 FrAEcs, II OGT
people kneV A. veil hos 10 mGSs the
moo, Of their prUvi.iOns as The French
d.. the cost II living. a. ilr a. too.i i. re.
ganissi, in most Of the State would b. re-
lucEd more than Oper CENT. D1uSe1tie
economy, A. rusy y RiIber p'aciies1i
nor understood b. Americans, A. il !. 10
Frshce. Il G,Iy MT b to- Egsh " say
that the Aeniite I0YJLiiiOn u Pr1nes
could h. supported On tod which il liter.
ally wasted in the Chiis'l States. The
numksr 81 ps5I-e sbO live bsyOhd heir
ineymss i l-.., inI ihs nnnisf q ihDss
shne iIcuH,ss stSsj their sIyEBiil0Tes
i 2rsaisri 10 FfarNs ~ p'0ppftiUo Dp,P
lltioa ihan n aBJ uiises e1aHiTy.
Tssn again, iise H,.icl sfs lsyoIsj al
aIbers \ bOarlins J-vpir nssf- are tsu
arIi.lls ia The elite. n' Iz1.zHi. IN i.st
aEriculiariII di,tgiets sIsj b ~ Es+p q
fn.@rye II Gin 10 their ouh custody.
There has aIvsr- lssn rn5fe sDh husFd.
81 10 FrlDng ih1n H. al ntlSF European
ssuniFies osmbinetL Il > tue that the
nation. 11oordiRg " The recognized prin.
cipsls 81 political economy. has sssH tie
lo4er By having 30 much lying idle, iI,-
stead VI peTIOrtniEE il. proper Oijte a.
circulating tDediun: bat the common
PEOPLE Of FFanG. have political como
my d their 0Tn. They hoard their
earnings, parting With them only under
pressing DecIssities, Of in exchange for
their OVn tnblic set6dties. 10 which, and
in Which only, tie masses have confidence,
20 that there hLs aluayI been in France
an enormous amount Of gold and silver,
which he government could reAch-in re-
cent year. By the offer Of attractive loans
70 popular subscriptions; in former year,
By measures, the j1Stieeoi which il i not
nov worth while 10 consider. This habit
Of boarding il, Of course, not ~ be com.
mended; bat It Il by 20 means certain
that France, in The circumstances in
which she has been placed, has not on the
whole, been the gamer By ii.
II il very cleaf-and the foregoing re.
marks are 70 come extent an explanation
Of the fact-thAt France vas not 20 desti.
tuts a. Ihe appeAted 70 be, Aheh Great
Britain and the ,rhitedStAies 70 prompt.
ly sod geBepuiJ tespondsd % the call
for help which came up from her devas.
tated province. Many Thousands, u not
millions, Of francs have gone from these
very provinces, since that time, a. sub
scfipiiOns 10 government and municipal
loans, and II The truth could be revealed,
Il would be discovered that not 4 few 10
whom relief was extended kept back =
part, at least, Of their little reserves
pgaiBst still more pressing emergencies.
hut although France, at the close Of the
FfaBco-GeTnan var, was not in the con.
diIion she vas supposed to BE in BY those
Who we're acquainted with the habits and
chAItcteI Ot her ysOple, bars coalition
VA II het, q m1Gt critical or, aHl one
that required in the management VI her
finances the greatest prudence and prac.
teal skill. Fortunately for the welfare
Of the nation, the wisdom std skill
which the emergency required we're hot
wanting. 50 wisely and skillfully haVe
her finances been managed, and 80 rapidly
has the country recovered from it, recent
pfnslFation, that not only has tie iBdem.
nifty been paid without disturbing the
money markets Of other nations, and the
exchanges become 20 favorable a. to sup
ply the Bank Of France with the coin
necessary to enable it to resume specie
payments, which il speedily to take place
mot only has this been accomplished.
but French CaJitaiisU. in the alsence
from the markets Of French securities,
are seeking for Investment the securities
Of other nations. Pats has for sUats
time been literal bayer IL the IIonlIoh
market Of foreign bOnd'. and a. order
after order is filled, one constantly hears
from tie dealers the expression ii amaze
ment that acOuhiry which, iess than four
years ago, seemed to be upon the high
road to bankruptcy, should beeIhibiting
such practical evidences 81 wealth. The
explanation has partially been given.
let B' look = little further.
!. The Pteneh are not only an etnBom-
zeal and boarding people, but they are
exceptionally Industrious. In the mann.