The Press.
London, England, 1854-01-14 00:00:00

AUSTRIAN FINANCES.

THE state of the Vienna msetermarket, owing to the in-
creasing insolvency of the Austrian tiovernment, appears
to be such that, in the midst of a prevailing panic among
the commercial circles of that capital, the meet extraordi-
nary delusions are circulated as to the sources whence re-
lief is to be hoped for. The latest of these 1,0.111 to have
been to the effect that certain English capitalist's have
offered to get up a loan of St sterling if the Aus-
trian llovernment will entirely brisk with Huesis. After the
failure of the attempt to raise money in London during the
past summer, when political affairs were far less cottpli-
cattsl, and when the financial condition of the coantry,
although known to be deplorably bad, had not been so tho-
roughly developed, it has doubtless been felt by the Vienna
speculators to be hopeless to pursued° the people that
there is any possibility of getting an advance upon the or-
dinary plan, and hence they have becu driven to base their
expectations on the idea of its being offerial as a bribe.
Meantime the Austrian lioventment have just refused to
receive, except at fifteen per cent. discount, the part of
their own National Bank, which all other persons in the
country are compelled to take at par, and it may bt pee•
sinned that malting could be wanted in addition to this act,
and the statement of their estimated excess of expenditure
over income for the coming year, to extinguish their bor-
rowing powers in all quarters. They have, therefore, nu
resource except among their own subjects, and, as an ap-
peal to them cannot be long delayed, an inducement oh-
viously exists fur the moat urgent efforts to obtain instanta-
neously some apparent adjustment of the Eastern question.
If in the present state of affairs proposals were advertised,
the cunclusien would at once be adopted that no possibility
even of a temporary pacification remained, an the lean,
therefore, unless it were a forced one, would have to its
contracted on war terms. If, also, the attempt were made
during the prevalence of vague pretenceson the part of the
Czar in favour of a moderate policy, it would be known that
Austria entertained no faith in them, since, siipposieg
them to be sincere, she would only have to wait a short
time for their fulfilment in order to raise what she fuleit
want under all the advtuit ages of restored confidence. This
question will etinsequently furnish better means of testing
the private views entertained as to the results to he shortly
expected than could be found in any other manner. From
the course of France, likewise, and even of Turkey, on Min
sante point, the public both in London slid Paris will be
able to form useful inferences. So long as the isles of the
practicability of an early arrangement is not wholly abut-
, doned, the applications tor the 5,000,t VOL required by the for-
mer power, and the 2,000,0001.11) the latter, will ha portpoitid.

30

If they are made du►iug a mere interval of favourable rn•
incurs, they may be regarded as being hastily put forth
before an inevitable explosion, and under no circumstances
can they be safely touched until positive treaties of peace
WWI have been published and acccepted on all sides.