New-York tribune., 1901-10-13
PARIS.
FRENcH FINANCES STEADILY FAILING.
THEATRE FRANCAIS-AMERI-
JOCKEYS
CAN JOCKEYS

Copyright 1901: BY The New-Yosk Tnbuneo
IBY CABLE TO THE TRIBUNE.I
Paris. Oct. 12.-With each succeeding month
rne situation of the government finance goes
from worse TO worse, the revenue for September
being 100000 less than the estimates. and
81 100000 below the receipts Of September
1900 The deficit October for nine months
spf the present year is S1S.o0O,OoO below the es-
timates. and S2S.OO0O0O below the actual re-
ceipts of the corresponding nine months OF
1900. The most dismal feature of the outlook
IS that this enormous deficit occurs in a
time of profound peace without even any little
colonial expedition to cause an unexpected drain
pn the treasury, and It is almost appalling TO
think how desperate the national financial situ-
. alton would be in the event of war. The French
i national debt is by far the largest ever in
aurred by any nation in the world and TO go on
adding TO it seems pure folly; and yet this is
lwhat is likely TO be done, for the per capita tax
IS already heavy as can well be borne, ana
new taxes on furniture and wardrobes stretch
imatters to the point where elasticity ceases.
THE Minister Of Finance has had the courage to
complain that Deputies act If they formed
mart of an organized syndicate for pilfering the
13udget in order to add TO their patronage and
t,opularity by creating new posts for new func-
7ionaries Financiers call attention 10 the fact
that the chief causes Of the present deficit are
khe sugar and alcohol laws, and point out that
the legislation in regard to sugar was enacted
ITO secure votes in the beet growing regions OF
the north and that the fiscal regulations per
raining to wines and spirits were made TO gain
pver the electors Of the grape growing depart
enents OF the south
NJ Waldeck-Rousseau seems fully alive to the
critical situation, due TO the reckless extrava-
giant financial policy OF the Third Republic. and
st is believed that the Cabinet will exert every
o5ossible means to compel the Deputies, who will
reassemble on October %, to reform the nation S
finances. A salutary warning comes from sound,
well balanced Republicans like NJ Hebrard, Edi-
tor OF the Temps" who point out that the i'm
mediate cause Of the downfall Of the monarchy
under Louis XVI similar deficit In the
Budget. AT present the only chance the Min
lister Of Finance has TO make both ends meet
Is by means Of duties on foreign wheat importa-
nions, which will probably be needed in large
quantities, perhaps sixty or seventy million
bushels. to meet the demands OF home consump-
zion. owing to the deficiency of the French wheat
Drop.
The racing season now drawing to close is
bne OF the most remarkable record. Never
before have thoroughbreds born. reared trained
and owned in France approached nearly to
perfection, and never before have the meetings
been so enthusiastically patronized by the pub
lie the amount OF gate money being far in ex-
cess Of receipts during any previous year But
the present season will be especially memorable
Tor the influence exerted by American Jockeys,
whose methods Of riding have changed the char
ecter of the French turf. The owners OF the
principal French stables as well as the stewards
bf the courses, are unanimous in expressing the
highest commendation Of the performances Of
american jockeys which began at Longchamps
On Saturday. June u. the day before the Grand