• • '. . ...ii. _ -...%- I'~-~:; ~~~~~ -.-- --- _~ ~ 506 SE' THE NATIONAL araisTEka If it was - necessary to prove by ex ,mples 'the utility of the ho limitable system which the Government proposes to follow, and which it intends to make the bases of our laws and owr financial ad. ministration, we may adduce the wonderful advantages,which other states have derived from it. The first example is still furnished us by EOgland, whose Government, by an inviolable fidelity to •ftilflll all its engagements towards its creditors. has remained. in•a condi tion, notwithstanding twenty years of war, in spite of the fetters find prohibitions which expelled, from almost every port on the Continent, her ships and merchandise, to borrow every year, for np• ward• of te►! years, at a moderate ►nterest, more than tS millions oterline—a yam equal to our ordinary revenue, estimated at 0011 . Malkin.' of francs. " And if the state of exhanstion to . which twenty year* of Revo lotion have hrentht us, he objected against 11P, I shall answer, uy pointing to the analagous example of America; where the Govern. !Neuf, by following the system which we are desirous to see adopt ed, had raised itself from the mast critical, to the aura prosper• ens ciremnstancrs. " Emerging from a revolution and a bloody and ruinous war„that eonntry had yet to struggle against all the eillbanAssirsents which a wretched paper currency entails; the land was uncultivated and nnKaleable; the population slid not exceed two millions mad a halt' of persons ; the Government had to provide for an arrear of se venty millions of dollars; the capital of the debt was sold with difficulty at from ten to twelve per rent. In this situation, the United States, convinced. of the great advantages attending a strict fulfilment of its engagements, provided for the entire payment of the seventy millions of dollars. A year after, the same stock which might have been purchased at ten or twelve per hundred of their nominal value, were at par. The public paper was immediately increased .14(i millions of franca. This resolution also created as by eircliantmunt, capital—the first need in a country after a revolution of which the effects, always are injurious to it. The interest of money soon returned to a dile proportion; agriculturists, manufac turers, and traders, obtained from the capitalists enlarged assist ance, with which tkey were able to develope all their enterprises. " If sceh were the effects of the good faith and strictness of the United States towards their creditors, such and greates must they bein France. It is in France especially that credit and the lower ing of interest must produce all kind of prosperity; its situation is such as to need only capital to multiply useful works and uudertak big* which diffuse lustre and greatness amoag nations, and are the foundations of a people's prosperity. " The Government believes. that it has prepared these happy re sults by the arrangement■ which we have the honour to present to you. Ohre of them tend• directly to the lowering the interest of zuoney, by causing loans to be opened, for the purpose of buying up or extinguishing the obligatisma •n the royal treasures ; this fa cility of borrowing gives the Government the means of offering the •wners of obligations their discharge. unless they prefer a refine. than of the interest. This option will be p►oposed at all times. when there is a possibility of borrowing at a rate lower than that •f the obligations, and Was the high rate of interest on these debts become if no.consegnence. is We must acknowledge. that to •coniptefe the new order of things in our financial administration a sinking fund is necessary. gi The economy which you may have remarked in all the parts of the budget, in all the expences of the Ministries, has thrown a temporary obstacle in its way, and it is from respect for such an institution that the King's Ministers have thought itroper to defer all proposition in relation to it; they have thonght that it was net necessary to run the risk of compromising the success of it by too great haste in its production; for the establishment of a sinking fund derives its strength and usefulness from its permanence and immutability. The law which creates it should be inviolabie; a *hang, of it would cause all the fruit of it to be lost, for by the !was of arcomulation it is time. continuity and perseverance, which pri duce the pri;.digious results which seem explicable only by the scielce of numbers. " I thought proper to express regret that circumstances haver not permitted a 1116/0111te of administration of such importance to be comprised in the new plan of the system of the finances from its becioning; hut I have the pleasure of nil ussing Hi, confidence that it will term an essential and fuadasnent.d• part of the plans or tise next year's budget. " Yon see, Gentlemen, to what degree the King is desirous that ie propositions of his Ministers, and the acts of his Government, oeotild bear a character of probity ) conformable to the elevation of • his soul, and which, by providisiA for all intereste, inspires. with 0, just confidence the hearts ef all. . " Thi9 is a new. era in which the jiistice cud moderation of the Prince, whose presence amongst us has restored pence to*the world -`t will make us, tinily, mere WWI)* t• the reciprocal advantages virttirs which may be.so easily established in France, under 'the pe wh t i v e e h rf t il i i ie s n an vi c l t i : l o c i; sooffhooliiiroir. nation i oti And l m a ve ay so vie hop long ez e thet ei la e i l 4 do vet) influence thet people, 101 render general throughout Europe this moderation I which has become more necessary than ever to the happiness of 1 subjects, and the glory of Sovereigns." This speech was ordered to be printed., FRANNPnET, SEPT. 4.—Every thing is prepared for the Con gress at Vienna,- nod it is in the midst of ambitious projects, and plans of aggrandizement of every kind of all the Powers, that rite negociations for the peace of Europe are about to commence. We are even *mitred, that the discontent of some of the Cabinets is no longer a secret, the union of some of the Allied Powers is only held by a thread, Let us throw a rapid glance at the situation of Europe. Never were dispositions lest apparently paeitic. All the Powers remain under arms; only a part of the Landwehr and Militia have been disbanded. Reports are spread in the North of the desiens of a great power upon certain provinces. The Poles, placed between hope and fear, will !lot remain tranquil till they are acquainted with the Constitution, which has heel, pr mired to them. The officers of that nation, in their address to General Dombrowski, who enjoys their confidence, have expressed the feelings of the people. The people of Poland. who have been humbled, without being heat down, will not be satisfied, miles, their integrity as a nation is re established. The mo.t moderate upon this point entirely concur with time most decided patriots. They are ready, upon that con dition, cheerful?) , to receive the King which may be given to them, whether he be a foreigner or not. The Russian troops are consider ably reinforced in Holstein, under the pretext that the affairs of Norway are not yet settled, and that the treaty between Norway anti Sweden is only provisional. The Russian General Bennigsen is at the head of this corps of the army. Holstein is, perhaps. at present one of the richest countries in Germany. The Hanoverias troops are recruiting. and are beginning to march in divisions to wards the Rhine and Belgium. We are assured that they will be replaced in Hanover by English troops, which does not, however, prevent the English Cabinet from sending troops to the Low Coun tries and to Germany. There is one thing remarkable. viz. that England. which is at peace with every nation on the Continent. and who is warmly attacked in Canada, sends twice as many troops to our Continent as she does to America. Holland now follows all the movements of England. The Hereditary Prince has not yet given up the hopes of having the hand of the Princess Charlotte. Holland wants the support of England to enable her to recover her colonies; therefore she has gone entirely into the English system. Some of the Princes on the right bank of the Rhine have, accord= ing to their old usage. placed their troops in the pay of England, The English Generals thus find themselves at the head of immerous ' forces. They push their corps torward on the side of the Mouse, and their partizans pretend, even that Belgium is to be enlarged at the Congress of Vienna, and. if they are to be believed, is to be ex tended to the banks ef the Rhine A numeious corps of the Prus sian army has taken a position between the Meuse amid the Moselle• and will remain there till the fate of the s e countric is derided. It is said, that the cottony between the Rhine and the Warily to teem be divided between three Princes, who hav e e ver 'we mentioned. but this is only conjecture; formic, and Russia will necessarily have a great influence upon the Congresitof Vienna ; it is difficult tme foresee what may be the result of the shock of so many interests. FRASKPoRT, SEPT. 4.—Her Royal Highness the Princess of Wales set WI to day at noun for Mentz. This Princess goes to BATONNK, Ara. 31.—Letter. from Madrid announce that King Charles VI. has xbdieated a secon.l time iu favour of his Pon Fee. dinand VII. and afterwards retired to , t e Voc al Castle of Arena. The Infant Don Francisco, ptoraoted later to the tinfoil of a Cardinal. and the P I'.IICe of Peaee. have returned to Koine. The peace between Franee and Spain was to have been Ins claimed from the iStli the 30th of this month, tkyr the treaty,_ the hi its of the two kineiloui will he the -atm. 14 in 171 ft. It is this elan‘e wliwh has served as a pretext for the destritctson of the bridge of limn, on the Bitlassoa. This it is 001 t atm. nie.at to pass the river in boats, at the risk of being drowasetk _ .,.,...____„.......2 41 c r ...,„ 4.1—,, 0 .., - -L. ... - ~ .