The Express.
London, England, 1852-09-15 00:00:00

AUSTRIAN LOANS.

Besides the Austrian loan emitted at the Vienna
bourse a week this morning, another looms in the
future. The Vienna correspondent of the Frank/. rt
Peal Zeitung, rarely misinformed on Austrian sub-
jects, says :
I hear that in January next a third loan 0(80,000,000 11.
will be concluded, and this time, abroad.
The newest loan has naturally, like every other
measure of the Austrian government, elicited the
loud applauso of the Vienna press. The lloyd, in.
deed, thinks that the more loans Austria contracts
the higher will her credit rise. A letter from
Vienna correspondent eats this matter in a rather
different light:
VIENNA, Sept. 9.
Scarcely had the day expired on which the last instalment of
the loan of 18,51 was paid, when a new loan of 80,000,0061
the fourth in three years was.announced by imperial decree.
Subscriptions may be made in paper, they are therefore ex-
pected to be made chiefly by Austrians. It was in the plan
of the government to make the loan in silver, and to nego-
tiate It on • foreign house, but notwithstanding the devoted
friendship of the house of Rothschild, the scheme was found
totallyimprecticable. The arts of eloquence which at the be-
ginning of this year drew 3,0001. from London, Amsterdam,
and Paris, would no more succeed. The budget of the
year, published since that loan was made, with its de.
kit of 66,000,000 florins, and the uediminished amount,
108,000,000 dories, of the military budget, u well as the
proved illusoriness of the promised economies in all the
departments of the State, combined to reduce to nothing
the weak hopes entertained of a restoration of Austrian
credit, end indisposed foreign capitalists to venture other
and greater nuns in the vessel which had alread7 impe-
rilled so much. All the influence of the Rothschild, has
failed to remove this deep distrust, and thus we see that it
ie easier for the Turkish Bank than for the Austrian Im-
perial State to borrow in London the fends which it re-
quires. We 'ball see with what suite's the new loan is
offered to Austrians. Last year, in spite of the tar-
rorisra by which it was sought to stimulate the
patriotic action of all communes, corporations, and rich
capitalists, only two-thirds of the loan found subscribe'',
and the rest was made up by artificial means, such as re.
ceivieg domestic obligations in payment, and encroachment
upon the sinking fends; and thus was the honour of the
government saved after • fashion. Is there now say
reason to suppose that things will go much better, or
rather, is not their aspect much worse? Can the towns be
burdened yet more this year when the hoiden last year
exceeded their power ? Have communes the right to risk
public mosey with such speculations ? As for private indi•
"ideals, their pocket loyalty is much abated. Discount
stands permanently at 6 per cent., and good bills are better
then the paper of an insolvent state. The participation of
the higher aristocracy is not worth mentioning in any lees
of magnitude. How, then, are these 80,000,000 to be ob-
tained except by force—moral force, perhaps, it will be, to
ewe appearances. The loan will be most likely appor-
tioned to tits cities of the monarchy. Vienna will be held
to find eight Trieste six, Milan five millions, and so ft
the stadtholders will be ordered to summon the municipali-
ties, and east upon them the responsibility of providing for
the doe delivery of the required cams. Bat the right
name of the money so acquired is contribution and not
loan. When gained it will have but one application—to
cover the current deficit of the year.
THE ZOLLVEREIN.

The Cologne Gazette announce. that the
Austrian government has addressed a circular note
to all the coalesced governments, stating that the
conditions of a reconstruction of the Zollverein laid
down in the Prussian declaration are not acceptable.
The Austrian Cbrrespondenz, an official organ,
contains an artkiewhice renders this statement very
probable. It says :
In the Brownian note we an perceive nothing favourable
but the disposition of the cabinet of Berlin stall to continue
the negotiations. But we confess that the other contests of
that document much diminish our hope that this con-
tinuance of the negotiation' would lead to the desired
result. The old points of opposition remain unaltered:
ea the pet of Austria and the states who were partieli
the mallerence at Darmstadt,. the unchanged at-
leapt to @Sat • customs ninon between Austria
tad all the ether states of the German confederation ;
4111 the poet of Prussia the refusal to accept say-
intgj
that amen as iatroductica or a preparation for inch
lect. Froaf the Austrian proposition Praislll strikes
out all the articles ambulatod to brim about a future customs
union, tad with them presimily these conditions for the sake
of whleleihelerili made dm propeoltiess and was ready to con-
clude • trimly. Tbe swamies a • commercial treaty at the
some time the Zolivereia is reconstituted is refused, aad it
that, bahre all, the Zallverein most be re-
milialhhed be a term el 12 years loager. The &sheathe
by Prods that it is reedy to asgotiem • treaty with Austria
ea
toma abet Austria sumo% accept emelt possibly te
maidered by the melemeed powers so a guarantee for the
talibmeat of the wishes expressed ia the Stuttgardt
sada& Dab: such !armatures a common basis for sr-

getiatilies wholly waiting, sad we belteWthatis
set Only fib is Vienna, but by other states.
It will be remembered that the term fixed by
Prussia for the return of adhesions to its policy ex-
pires this day, the 15th inst.

The Ciztogne Gazette asserts that the Austrian
cabinet ham addressed a note to the members of tho
coalition of Darmstadt, stating that the proposition'
contained in the last note of the Prussian govern-
ment on the commercial question cannot be accepted.

EDUCATION IN DRAWING.--The Committee of
Privy Council for Education have recently lulled circulars
to the inrpeeton of schools directing them to aid, bliee;seg
means is their power, the system proposed by the
meat of Practical Art for causing elementary drawing Vi
become a part of national education. It is intended totem*
the very simplest elements of drawing in all schools wiling
to bear a small proportion of the necessary ezpouse, and
then admit the qualified scholars to study in a central
drawing school in every town. The importance of the new
scheme thus set on foot will be fully appreciated when it 12
remembered that until the public ignorance in such matters
is removed no expensive or successful effort can be made to
raise the standard of taste in design among our manu-
facturers.

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AN ELECTIONEERING MISCHANCE.—An incident
warred lost week, in connexion with the tactics of the
Liverpool Conservative Association, which has aforded,i f
not universal amusement to the town, at least unbounded
merriment to the liberal party. Ever since the recent eleo-
tion, the force at the command of this association has bees
in active operation in a variety of ways, one of which has
been the serving notices of objection to the liberal voters.
Having got through this task as relates to the borough, the
county business was commenced. Time premed, and there
was some fear that the necessary notices could not be served
before the expiration of the time prescribed by law. The
'old adage, " The greater the haste, the less the speed," ie
trite, but true. On Thursday last, 4,000 notices, beaky
the names ofcounty voters, were despatched from the ores
'of the association to the post-offica " Just in time." But
alas ! the superscriptions lacked the essential addition of an
address; each had a name, but no habitation, except the
post-oillee, where they remained until it was too late to
remedy the blunder.