Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-04-26
improvements in Austria.

The following favorable picture we take
rom the journal Of Commerce. We do not
endorse II, for we do not know how much
truth there is in it. But it Is worth reading:
Austria Is an ambitious nation, but, for half
a century, her power has been Theoretically
sealed from all external development by the
successive encroachments of Catharine, Paul
Alexander and Nicholas Mr.. Phinn clearly
demonstrated, in the able speech which he
delivered, in the House OF Commons, on the
9th ult that even the extension Of Austrian
territory by the acquisition of a portion of PO-
land, was i'm direct contradiction 10 the poll
cy of the House of Hapsburg, and has been
considered a calamity to the Empire, by all
its leading statesmen, from the days of Maria
Theresa down to Prince Mettenich. Much
has been said concerning the re-establishment
of the Kingdom of Poland but it is proba-
BILE that no monarch in Europe has this end
more at heart than Francis Joseph ii. An
Independent Kingdcm of Poland. to be gov
ened by prince of his own house, is said
TO have been from his bovho0d one of the
day dreams of the gifted young Emperor
This would create an effectual barrier against
the encroachments Of Russian ambition to-
wards the West, and is, perhaps, the only ar
rangement that could be made, which, when
well considered, will satisfy the requirements
of Europe, and lay the foundations for future
development and freedom in Germany. Ii
would be gladly assented to by the Poles
themselves; if properly modified, it would
encounter no obstacles from England or
France and no time could be more auspicious
than the present. for the accomplishment Of
such a scheme.
1t has been wisely remarked that the con-
test now going on in Europe has more than
one aspect-it is not only question whether
Europe shall be despotic or constitutional,
COssack or Republican, but commercial or an
ti-commercial. Austria has, of late, under
the enlightening influence of the plebeian
Bach government, been brought, in a remark
able decree, within the system of commercial
Europe. In 1859, there were two parties
in Austria; the one favorable to the simple sup
preston of the revolutionary movement, and
the other strenuously advocating such mate
rial reforms as would tend to supercede the
desire and necessity of revolutions The
young Emperor threw himself warmly into
the arms of the latterparty and the influence
of its policy has been continually increasing
from that day to this. The first essential
step was, to retrieve the exhausted finances of
the Empire. 1t is we'll known how this was
done. BY the fifty million florin loan. and
the hypotheeation of the Hungarian Railroads,
a large portion of the floating debt was extin-
guished; provision was made for raising mon
ey and paying dividends on the existing stock,
and a large fand was supplied for the wants
of the future. In 1913. measures were pro-
posed by the revolutionary PARTY TO suppress
the feudal rights of the mobiles. The restor-
ed Imperial Government, far from reversing
this progressive movement, has continued
measures which render all subjects equal in
the eyes of the law; the German civil code.
resuscitated in 1S4S. Restrictions on COM
merce have been every where removed; a
net work of railroads has been pushed across
Hungary, even 10 Temesvar; the annual ex-
ports cf that kingdom have, within six years
increased nearly forty per cent and under
this liberal system, Austria, to lis most East
em extremity, has become annexed to COM
mercial Europe, and Bohemia placed on the
highway from the Atlantic to Asia. The
statesman-like sagacity of the new regime in
Austria has thus forever dissolved her con-
nection with the anti commercial despotisms
of Europe. A short but energetic admins
tration has already closely united her with
progressive nations, and she is filled with an
enthusiasm for the policy she has adopted
which is the surest of all guarantees for her
faithfullness to the Allies. and persevering
hostility TO the antagonistic course Of Rus
sia