The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-03-25

silver for this same beloved bank note
The stock of mel tai hcalod in the vaults Of the Bank
OF, France Is evidence Of two things
on the daily increasing preference shown for paper
of the Increasing abundance specie in country
ever since the facilities eft commune alton have given
NE commercial swing We were 80 much in need VI Tor
The aceumulntion, the Capitalization, The plethora OF
important that the covciou, foreigner should eNal.
dc,a,y lnc ,i l,e 9" cur prosperity Our wealth must
4, What say h,te O.. uic mrcrou' necessity Of re-.
gard 10 France sll more with regard to Gcrnr.
~ Austria lnin Russia i4r,"y and thc itto states
ions have been borrowed. sguauic'd. thrown away by
IN Any caui,ant w6a,cycr HAD ,c oa .ii"n how
bc.t t9 employ the mon,y Of the TAXPAYERS ever boon
war aeans Russia IN i-1j and in is1o agains Austria
et,t nn,,rt In Ia. i ,.t"p IN is5 e. e., uGi,v u,
hc German Confederation IN 1907 aud to invade France
Tho movement which Robert Peel had imposed uron
Eurone, movement which. strengthened on all sides by
crnl disarmamont III. maycmcht hashccn comnhi' ~
reversed 10y Bismarck The question now !. whether
another Robert Peel VIII come to mend the broken chain
Ny bcc i. that he will come for unless Europe begins
She cannot cn ono man innre iuto her rauks' a. No
s''u u'r win I, l',i iu,iu.iri ' t 1,u , vN
exhaust themselves, and with exhausted savings
ifd-armancnt is not 70 he the glorious work some
honest statesman it viii be the work Of necessity.
Prince Bismarck probably will not listen to
VI. de Girardin the diplomatsts at London. st.
Petersburg. and Constantinople may not be dis
posed To take quite so gloomy u view Of the con-
dition of the financial affairs of the world. But
harsh reality will, sooner or later, bring them
TO their senses.
A nice illustration Of the fatal influence Of
war expenditure on the finances Of Europe
comes from that peaceful and quiet corner,
Holland. The Dutch Minister of Finance. Herr
Van der Helm. is a radical free trader. His
ideal was to make Of Holland porto franco
country, where everybody could import and
whence everybody could export anything he
wanted to. without paying cent Of duties
Things went on smoothly. and the already very
low tariff had been brought before the Dutch
Parliament for revision. or. more correctly. for
total abolition, when all at once the colony Of
Batavia sent in II claim for some seven millions
Of dollars for military expenditures incurred
during the war against Atchin in 1876. The re-
suit was that the duties on imports were re-
tined. necessarily: and only those on exports
taken of. Among the latter was n duty Oh rags.
III consequence Of this duty the children all
along the Belgian and German frontiers were
employed in smuggling rags by the handsful
across to the German and Belgian villages.
Herr Van der Helm points out that not being
able any longer to make money for their pa
rents in this way. the little boys and girls will
probably be sent TO school.
books. To the usual run Of scientific and lite
rary works were added hundreds of volumes
and pamphlets Of semi-poitical. scm-ethno-
graphical character on Turkey and Russia. Tho
book markets of Frnncc. England. and Germany
are overstoekcd with good and bad books OF
travel in these two formerly half-ignorcd coun-
tries an army of correspondents of even such
volatile and ilimsy papers as the Paris Figaro
are pouring in columns upon columns of de-
scriptve literature from most improbable Rus
sian, Turkish. Servian, and Bulgarian villages,
and the public seems to devour it all eagerly
the books as well as the newspapers. The Rus
slams have been broughtout in highly idealizod
form on all the stages Of Europe. BY and by 1t
will probably be the turn Of the Turks, the Ser
WINS, the Herzesoyinians. and titti Qtdnt So
runs the world.
Yet with all tho trash issued from the prcss.
a few serious works come 10 enrich the domain
oilteraturc. In this class belong several Of the
inst published posthumous works Of the late
MontaemDcrt. His Los Mo'nes d'Occident'
Is the hes, work that has ever been produced on
the subject OF monaste life and it, influences.
Cnhapply the work was left Incomplete, and
the two volumes issued contain only study Of
monastleism under Gregory MI. Another of
his works. L Espagnc ct In Libcrt6." which is
practically kind of religious and literary testa-
ment was brought out at Lausanne by Father
Hyacinthc, whom the venerable old man used TO
call le MS cheri de mon dme" e. tho cherished
son OF my hearth and 10 whom he entrusted
several of his works for publication after his
death. When Father Hyacinthe abdicatcd the
pulpit Of Notro Dame and from n barcfootcd
Carmclitc became plain Mr.. Charles Loyson.
AMI married an American widow. Montalembcrt
revoked that part Of his VIII by which
he had made Father lTvl.iutilo thn frnst.,.