New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-01-09
AUSTRIA.
EIorn Or Own CeTIespondt nj

perhaps not even Turkey herself is placed hazard
Gus position by the present war as Austria Ihusfar
England and France have probably gained by it in
commercial point Of view although their hone trade
has suffered thereby Austria, however, has lost I'M
mensely by it, and that too in more ways than Que
The large traffic, which sprung up in 1919 between
Turkey and Hungary, in consequence OF the liberal
policy pursued by the latter of course soon disappeared
after the rsestablishment of the Austrian regime The
Austrian tariff in most cases amounts to almost an ac-
tual prohibition The Danube is to Austria what the
Mississippi and Ohio are to the United States and con-
seoueuty in spite of duties ON the parT oil
Austria large commerce has been maintained between
Vienna and Constantnope. During the last year AZ
amounted, both ways to about SlO,OOOOVC, owlhg 10
the closing up of the Suna mouth of the Danube out
more especially TO the events which have occurred
along its shores the interchange between the two cities
has been pleely suspended. The revenues of the
Empire as we'll the interests of trade suffer immense
ly tfereby Formerly Austria obtained grains of var
Gus kinds "a well as cattle from the Prncpalitie, She
has depended upon them for the above articles as much
as New England depends upon New-York and Ohio for
wleet and corn When they were occupied by the
Russian army in ~ meat suddenly rOsein Vienna, aud
has rot teen cheaper since At the present time there
are no mportations whatever from that quarter, nor
will there be long Russia retains possession of the
Principaties The consequence OF this is that
Vienna which formerly ranked as the cheapest capital
Of Europe is probably at the present tine the dearest
At Il asst such s my experience, after having visited,
during the last few weeks several OF the largest Eu-
ropean cities Prices have than trebled since ~.
In regard to her financial affairs, Austria is compelled
to roll the stone of Sisyphus Give and Hastings were
not more skilu in shaking the rupeetree of India than
are the Ministers of Austria in applying the financial
screw; yet it is all Of no avail and the annual dehct OF
the Government cannot be brought below the enormous
sum of $26 900 The history of its shortcomings
during the last six years is interesting. In sH which
closed the golden age of Austria, the deficit OF the
Government was more than S3,50O,OOO In lcis it
was about $50 100000, in 1919 $620O0.000, in 1850
81 10000 in 1851 1872 100000, and in lo52 not
tar from S260U0,0O0 The present year there may be
decrease to S2i,O0OOO0. Hence, during five years,
the average deficit has been than OJO and
at the present moment the State debt OF Austria Is
more than $500 C00,0O0 A paper currency is another
popularity of Austria: il may in fact be called her
peculiar institution for know of no other land
where bankers speculate upon the depreciation of the
State currency. Hundreds Of Jewish bankers, how
ever assemble daily upon the Vienna Bourse to pocket
the gains made in consequence of the rise or tall OF such
q deprecated currency Before the present rupture
between Russia and Turkey the premium upon silver
was y cent, and it hoped that at the end OF the
present il would decrease to p cent, but owing
to circumstances, which to say the least, have been
alarming to Austria, the premium has suddenly risen
to Is v cent Such state of affairs brings with it
innumerable evils For instance il not long since
stipulated in treaty between Austria and Prussia that
the duties should be paid in silver. Such measure
tends under the present circumstances to enhance the
value Of the precious metal. and amounts to the same
thing if the State had by decree deprecated its
paper in favor of its specie currency
The reduction Of the army, bya system Of burroughs,
has thus far hadnO effect upon the state OF the finances
IL was hoped that, by sending home q few thousand
troops from the corps darmet, the annual expense of
the War Department might be brought under $4,000,
CO. The army at the present time has almost its ull
Onpliment-namey, $4,000 men-and an immense
expense has been incurred within the past few weeks
BY establishing at Temesyar corps Of observation,
consisting Of $4,000 men. OF the political dangers
which Austria il is hardly necessary to speak.
Her immense army, and police which has in its
vice almost half the citizens of the Empire, barely
sufficient to prevent outbreaks and to dry up ndiyidu
al drops Of disafection On the side she is
nacsd by France, and, in case Of European war is
to lose her Italian provinces and the other the
Hungarans and Poles moving heaven and earth 10
fan the fame which has broken out along the Danube
into general war. She can gain nothing by a war,
and would lose everything Many European politicians
have thought that she would like to secure the Prnc
paes OF Bosnia and Seryia but such is not the case
They were offered to the Emperor Joseph nearly q
century ago. and he refused to accept of them At the
present time the Seryians have manifested a spirit
which Francis Joseph may admire in the abstract but
which would lead him TO hesitate long before incOrpo-
railing the Principally integral part Of the En-
pre Ii is certain that Austria well Prussia has
assened to the declaration Of France and England that
the Eastern question shall be settled without disturb
ing in any way the existing territorial relations of Eu-
rope but at the time she has but little confidence
III efectlDg such an arrangement The above resolution
on the part Of the four Great Powers may have some
effect in combining the present struggle between Russia
and Turkey TO the region Of the lower Danube, but
Austria is secretly making preparations for the worst
She is exhortng the Servians and Montenegrins to
keep quiet but has promised to aid them if they are
forced into contest with the Turks friend who
lately came to Vienna through Hungary, informs me
that by night he met numerous large military trains
fastening toward the Sefyan frontier Notwthstaad-
ing the true interests of Austria intimately con-
nected with the Western Powers there is, am sorry
to say general feeling Of satisfaction at the late Rus
sian victory at Sinope. Count Fiquelmont though
not in power is at the head of strong Russian party
at the Vienna Court The pOpulace appear 10 be de-.
lighted with the defeat Of the Turks Their ignorance
remarked to me yesterday noble Hungarian, the
foolish people little know what is in store for them IL
" Russian policy proves triumphant
But turning the tablet on the other side have a
good word to say for Austria His Majesty the
Emperor, has positively given orders to have drafts
Of enactments prepared for the rentroducon of that
KIND oil representative system of Government which
the imperial ordinance Of the 3ls Oct ISL held ont
ID prospective and which then termed "National
Representation of Noables Landes Teytrefune durcL
Aotd6ihtdteH) The matters in embryo and can only
say that hope some good may come out Of it, Francis
joseph has splendid opportunity to work out for him
sei abriisn destiny by paving the way for represen
taEe system in Austria No doubt such was the in ten
ton OF the last Emperor, Ferdinand who by hia mod
Grafton greatly endeared himself 10 his subiect,
Inc people have not yet forgotten the abundance and
Ine general happiness which prevailed while he was
emperor AT the persent time be lives al Prague and
cares not from fear OF weakening the interests Of the
present Government visit his former subjects A
NeLneie said to me the other day: Should he return
vienna, De would be received as no man has ever