New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-28
Prussinn md Austrian Finances.


Prussia, with the two principahties of Hohen.
zolern, has population of 100000 Her bud
get of ls49 to 1850 makes mention OF an army OF
300, 900 men. Ofthese 100000 are soldiers OF the
Landwehr, men whose ages average from 20 to 80
Years This army OF 100000 men can at any mo-
ment be increased TO $4,000 men, by calling out
the older section of the Landwehr.
The budget of Prussia for lS49 is about GA 600.
Geo. OF this sum, t750,000 is appropriated to the
interest, and t375,000 to the sinking fund of the
national debt This debt amounted in 1920
when the whole was consolidated, to t3l 900.
According to the official documents laid before the
Parliament in s49, it amounted to lis 100000, at
an interest of - per cent. the last quotations OF
which. at the Berlin Exchange, have been from
e51 toss The vearls4S added t2,000,000 to this
debt. 1t was raised by voluntary loan Mt an inter-
est of per cent and stands Mt 1909. The nation,
al debt is mortgaged on the State domains end
crown lands the value Of which, according to
verv modera te official calculation, is LOO 100000
a new loan of .t3000000 at Al per cent. was
raised in the course of the present year to meet
the demands which the eventualItes OF the Ger
man question were likely to make upon the w ar
Office.
The budget Of 1850 states the cost of the army
at f3 100000 less than quarter OF the revenue
For statement of the Austrian finances we
must go back to the year ISL, which opened q
new financial for the Austrian Empire, by the
bankruptcy of the Austrian exchequer, which
tQll6G with QlVIOeDu OF IS Ill lut luutlt Ii 10 ~
plan was set on foot to pay the full interest on
the debt-at least, to some of the creditors This
was done by means of lottery. Al thattl the
capital of the debt amounted to st62,0O0,00O, and
a sinking fund which was established was to re-
deem an annual sum OF 100000 There was also
III 600 Of notes in circulation, winch were
originally issued according to their nominal value
of { 69 eco 600 but the Government had partly re-
pudiated them, and established them at sos in pa
per to 2Os in silver. The working OF the financial
system of Austria such that up to lS40, L.
GOO GOO of the old debt had been gradually brought
into the receipt of full interest, tl20OOOO 600 was
done away with by voluntary loan, and tl2O00,-
600 was redeemed by the Sinking Fund. In this
manner the old debt of 100000 900 was reduced
to 426 600 000 but the interest of .tl2,0 600 re-
stored TO its legitimate amount, had arisen from
l TO 5 making that portion of the debt equal to
ESQ 600 600 as far as interest was concerned, and
many loans had been contracted at very disad-
vantageous terms to cover the annual deficits.
The B anls too had brought the t21OO0OOO OF
repudiated notes down to .tl,200,0O0, which are
still in circulation But for the purpose oil obtain
inc this result that State had borrowed $4,000 600
from the Bank, which had undertaken and effected
the reduction.
In 1889 the revenue of Austria was tl6,O0O,OOO,
and the expenditure stood as follows
Observation-Disclosures. &5900,00O
F E98eGs pe6 on TAKE: 4i4SSoS
Tots. Observation-Disclosures. Sl50tO,0O0
Leaving q 100000 only for the expenses of the
Imperial house, and the departments of Foreign
Affairs, Justice, Home Affairs, Police, Roads,
Bridges &c.
The following was the state of the Austrian
liabilities in ls47:
Old Is 00oo0o
New Debt NEUTRALITY-SUSPICIOUS.. - WOOV0
Bank ...................- ........ l6,o9oooo
Floating Debt .,................ 100000
ACKNOWLEDGEMENTS. 100000