New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-08-12

On the other hand il must be remembered that the
eft, rts made by the Imperial Government IN ITS s'rus
cle for life or desth in 1888 destroyed the financial
ARRANGEMENTS of the Empire. The real resources
however seem TO have escaped annihiation since
,ese events there is comparatively more agricultural
and manufacturing activity displayed in the Umpire
than there was before The intrinsic resources OF
despoc country are always within its reach. Austria
seems 10 the ordinary view under the menacng stroke
of bankruptcy: but has ste been for years COM
nlete bankruptcy, however, would EOt ytslly Affect
the Government An Old proverb says qsod lie' Jori,
NON eef born; and what would be the destruction OF
small State develops new resources in large one.
OF .bsme such State has next to none, and Austria
less than SLY other on earth. Bankruptcy, there
fore will sfter all ouy wound Austria slightly indi-
yiluals will suffer, but the Government on the whole
will crow easier being at once freed from impedments
and membranes In the every day affairs oil ite we
often see individuals after bankruptcy start anew with
redoubled activity despotc or absolute Government
is not obliged 10 render up its accounts interrupt s
business and throw itself on the forbearance or mercy
of creditors. 1t tpudiates-depreclates the cur
repcy. in various ways-and still goes on. so
did the Emperor Francis twice during his reign;
Frederick the Great during his war with Austria, as
sociated himself with Jew, whose name escapes our
memory and both coined spurious money and poured
il over The negbboriDg States even the great French
National Convention was no, prevented by bankruptcy
from keeping fourteen armies in the field against
ccdlesced Europe aud issuing VIGOROUSLY from
deadly internal and external struggle.
For the present the Imperial Government recurs
tos more acobinica and therefore more eff ,ent and
salutsry measure than bankruptcy The forced loan
of SEQ million forms just imposed is nothing less than
the direct taxation of the rich without Immediately
molesting or annoying the poor proetary. 1t will
weigh on bankers capitalists, wealthy manufacturers
corpo rations converts, mcnastaries richly endowed
! berarchies and landowners. The laboring masses
it seems are officially and paternay advised not to
mind this oan as its express aim is to avert from tue
poor the pressure of increased general taxition
which otherwise would have been inevitable. The
| French Revolution of 1913 dared not take such
step and the Republican Government created the
additional ceume tax, which necessarily pressed on
the poor more than the rich. Hence that Govern
ment lost its hold on the masses.
These are the principal results of the crisis of l-i3
which have reInvigorated the Imperial power OF
Austria Other influences of higher moral range
have likewise eyentuated fayorably for the Empire
! Among the varied elements which we're formerly
deemed minatory of destruction to the Hapsburg ne
equally in the opinion OF enemies aud OF friends, IN
Guiding Me.ternich himself were these three; First
a revolution with its out grOwths OF emancipation
and constitutional Government; next, an effort for
the uIity of Germeny and finally, the same for Italy
Each or all of these was to blot out Austria from the
list of independent States. The year 15iS hurled
them all simultaneously the seemingly fated flaps-
bures They faced these as they could, and were on
tho verge of destruction; but ultimately aided by i'm
beciity, treachery and foreign force, they came out
of the revolutionary conhagratOn rather reiny CORA
ted than otherwise How this was brought about we
! have already stated. The unity of Italy which was
anticipated as the frat healthy offspring OF any
European CONFUSION, had trial, and succumbed I'M
der foes internal and external. At present, Italian
unity seems postponed to some unknown and more or
less distant epoch. The fate attended Germany
which, after years revolutionary experiences, re-
lapsed into q worse state OF thraldom leaving the
victory to the Austrian Emperor, who has now more
| influence on the destines of Germany than he had
Lad for nearly a century Prussia during that entire
period the rival ofAustria, subsequently humbled
lost ground and finally confessed peOusly at Olmdtz
| her infeIiority and defeat.
Without in the least attempting to foretell the re-
suits of the eastern struggle, may, then, venture to
say that one thing seems certain. 1t is that the armed
arbitration of Austria dragging with her probably
Prussia anu the rest of Germany will give to her
position in the management of the affairs of Europe
which she has not enjoyed before during the present
century-a position which causes growing uneasness
TO the belliperent extremites of the continent Aus
tra will at any rate obtain the free nayi CATION OF the
| Danube, and by this she will not only powerfully aid
the development Of her domestic resources, but be-
come exceedingly popular in Germany, and even with
German liberals their national pride being stimulated
| by AustrO-German preponderance.
Austria, even in war; may be match for Russia
whose forces are extended and scattered over such
! immense spaces Nor do we share the belief that il
Russia sound the insurrectionary trumpet, she will
find willing followers everywhere in the Austrian
dominions Whstever hostility Austria may have in
her cities toward her Imperial House, the peasantry
will not willingly exchange what they have already
Tor the Russian rule, while the liberals, who may be
melted by Russia to instruction need expect nothing
but betrayal and imprisonment their ultimate re-
ward.
| In regard to the eventual menace of Louis Bona
parte letting loose the revolutionary hurricane on
Austria her statesmenmay be aware not only that
olutions are never made to order; but that Louis
Borsparte as the leader Of one is mOckery; or if
riossly meditatipg one, lie will be liable to turn il
against himself. For these Austria does not
much alarmed by the airs of liberty occasionally
assumed BY the French and English Governments.
And finally, ii, as now seems probable, she shall
Il Ell -. i