New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-03-19
'RIBOT CRITICISES
GERMAN FINANCES
Minister Says Methods
Consist of Exchange of
Paper for Paper.

Paris. March 18.-ln a speech in tho
Chamber Of Deputies to-day on tbo
proposal to authorize the gOyernmen,
10 raise the limit for the issue ~
Treasury bonds from 500. 900 900 10
5000. 100000, Alexandra Ribot. Minister
Of Finance, said to-day:
"The way in which the peope Of
France have taken these bonds sur
passes expectations. Great difficulties
faced the French Treasury a. the se-
ginning Of the war. The Treasury is
conquering them.
Toward the end Of last year tho
monthly expenses were llOOOO 600
francs (s22O. 900, 900. The cxpcndi-
lures in the first months Of 1915 have
been from l.250,00000O francs 20
300, 000, 900 francs rather nearer the
latter figure. Expenditures are in
creasing owing 10 fresh necessities;
for example, the military expedition 10
the Dardanelles, for which no ors
would reproach US. We shall have %
manufacture increased quantities OF
war munitions, buy material and neces-
sary provisions, and lastly, our ex-
penses certainly will be augmented on
the day we retake possession Of the
invaded departments
VI. hlDOk ohfeAufIs AiolaANAAF NUf
methods Of German finance, which. ne
said, consisted Of IAN exchange OF
paper for paper; process encouraged
by recourse TO the penal code
I'VE cannot refuse help ". Rb0t
said, "to those of our fellow country
men whose homes have been destroyed
FORTUNATELY alongside the prospect
OF larger expense are rcassurlng Indi-
cations Of a restoration Of the business
of the country. The increases DO direct
taxation have been paid cheerful.y Oy
those able so TO do; the revenues from
indirect taxation are increasing while
the customs deficits are diminishing,
and we are able 20 hope that on the
day Of peace there will be an eXposi-
ton Of activity in the development OF
the riches Of our country which Will
permit US 20 overcome all difficulties
VI. Ribot. in Analysing the Treas
ury's operations in 1914. said the gov
eminent had asked for S12o.OOO,O00 o.
the Bank Of France, and S2iO,OO0.O0J
by public subscription. while 10 1919
the Bank of France mad supplied about
5000 100000. and the country had fur
niShed $500, 100000.
The national defence bonds, tho
Finance Minister said, had yielded up
to March II S772.400,0O0.
VI. Ribot closed his speech In the
midst Of an Outburst Of applause. The
Chamber, by show Of hands, unari-
mously passed the bill increasing me
limit Of defence bonds.
IF it is possible to administer wise
~ the finances of the country said
the Finance Minister, the merit is tnst
of the entire people. Il is the uttle
savings in the woollen stockings which
have come TO the aid Of the country;
the gold has come in the beginning no;
from the large cash boxes, but trom
pocketboOks.
Those whom | have wanted 20 a.
tract 10 the treasury have come 90 us.
The river is composed OF little brooks.
In the name Of the country and OF the
Chamber | address my thanks 70 a.
the citizens"
NJ. Rbot remarked that France had
not needed to employ the deception 20
which the governments Of the enemies
of France had had 10 recourse 70 raise
money. because there is confidence
that what we say is the truth.
I'VE brush aside with disdaln the
manGuvres and articles 70 which our
adversaries have had 10 resort he
added. I'VE will use our financial
solidity to its last limit. That which
the Bank of France has begun, the peo-
pie Of the country viii carry on