Harper's New Monthly Magazine, No. IX.—February, 1851.—Vol. II.Various
General
Harper's New Monthly Magazine, No. IX.—February, 1851.—Vol. II.
Various
American literature -- Periodicals; Civilization -- Periodicals; Culture -- Periodicals
National Assembly in the last year of its term shall vote any
modification to be advisable. XII. Contains various temporary
dispositions. The finances of France have long been in an extremely
unsatisfactory condition. The immediate cause of the revolution of 1789
was the enormous and increasing deficiency of the revenue. Upon the
accession of Louis Philippe, in 1830, the expenditures of government
began again to exceed the receipts, until 1846, when the expenditures
amounted to 2,793,000,000 francs, exceeding the revenues by
421,462,000f. The budget presented by the Minister of Finance for the
financial year 1851, estimates the receipts at 1,292,633,639f.,
exceeding the expenditures by 10,370,390f., being the first year when
there has been a surplus since the revolution of 1830. The consolidated
public debt of France amounts to 4,509,648,000f., to which is to be
added a floating debt of 515,727,294f., making in all more than 5000
millions of francs, the interest upon which amounts to above
327,000,000f., absorbing about one-fourth of the revenue. The French
army now on foot amounts to 396,000 men; by the law of June 19, the
number was fixed at 106,893, to which, according to the late Message of
the President, it will be speedily reduced, should political affairs
warrant the reduction. The navy according to an ordinance of 1846, was
to consist of 226 sailing vessels, and 102 steamers, of all classes,
which number, however, was never reached. The present force is 125
vessels (a reduction of 100 vessels during the year), and 22,561 men.
Since the election of Louis Bonaparte as President of the Republic, his
whole policy has been directed to the effort of perpetuating his
authority, either as President for life, or Emperor. The Duke of Nemours
and Count of Chambord, the respective representatives of the lines of
Orleans and Bourbon, have each a large number of partisans; while
opposed to all of these are the Democrats and Socialists, of every
shade, who are utterly averse to any form of monarchical government.
We gave in our last Number a view of the general state of the German
Confederation. It is needless to present the statistics of the minor
German States, as they do not possess sufficient weight to act except in
subservience to either Austria or Prussia.
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