The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-14

The Osweg0 Times sayE:--
This increase in Canadian trade In season.
under the operation OF the X, cprocty treaty Ia more
pe-sve OF he erfu effects of the than any
language could FIR ,hls exhibit the pubis
judge Of the intense activity tina. would he
Car adan trade the reciprocal principle
tended to entire free ira 1t source o. graiHcA
zion to Us that the first seasons trial fully jusdes
whst we have claimed and prectea Cor the effects OF the
measure When advocate g its ad ption.
The Washington Union, under the head Of de-
paltment news publishes the following information
relative to the financial condition OF Austria
We have rece intelligence from CORES pondent to
the effect hat the Austrian Finance Department, under
The management of Baron b. uck, is making every
eort increase the value of st cks and 60
veImnt bank notes. Il is generally hought throughout
Austria 'ha II any ODE can effect this object, Baron B..
Is the However Austrian securities have been
con inusy falling and, until the banks have been place
siOan TO put specie ino Ct culaon this state OF
things will continue to exist.
fhe establishment OF the Austrian Credit NJ biier and
Of the Hypothscary Bsnk-two specie paying insttu-
tions-dio not bsys the good effects that were snsfc
pated The CAPT alists being obliged obtain
spec. to throw their Austrian securities into market
produced further tendency 10 depreciation In all kinds
ct stock anc ia asserted by that permanent
change for tho better take pace until the
tion OF tue Eastern end then only in toe evea that
Austria hall have G. ntinuec neutral
10 the amount of O6O 600 600 Of forms Austrian cur
rercy (about 1914 OO0. 000) and the empire besame
bankrupt The paper money was teduced to a hfth OF
oIehalt OF what 1t had seen 1t being paid In paper
morey so the interest the public debt in fact
reduced 70 effh-but taking into the rednc
tion of the value of paper money, the public debt
brought down only twetyfftn part Of the original
In 1878 certain REINSTATEMENT of The former deot
was made, and the ancient Obligations to form .
kind Of annual lottery the fortunate ticket hoer rscev
ne the former interest on his money,
But this relief 10 the tho ussnds who lost their
money by this breach of trust in l81 because it
ound thar the ancient stocks hao passed into the hands
Of specuatiDg CAPT slsts, who the only gAiners
Shortly after thi the Austrian Bank was founded It
to be thoroughly independent of government 'here
originally so 600 shares for which 100 forms in
each and 600 forms in paper nsy paid
Blu the bank immediately reimbursed itself By paying
"ar in SE ten IL to
this state Of affairs has continued ever since
In 1886 this eebt OS7 millions Of FORMS and dur
p+nses within he limits Of its income The receipts
souD ed the o. 1874 2S6 600 FORMS and the
pendtu,es reached les 10000 forms. This promis.
ing condition If Austrian finances however did not
long. The political and commercial crisis OF 1877 gave
there securities terrible blow snce which there has
Teen 70 escion, and in 18a the income had "a leu to
16 AND the expenditures had reached is
o FORMS
During this and the following year the Austrian Bank
had 70 600 600 0 FORMS but when the Of the
vouion al February l848 received psuic seized
the whole community and in the eesinuiDg nj Ari the
specie hao fallen So 900 0G0 If horn when the 60
veIDment prohibited the banks from rede mag their
notes. and also prevented the expectation OF pece Ia
1874 the sum sdvsnced to meet the necessities Of war
no 600 600 Of rsasury nils making floating debt of
All 900 OC0 Of forms decree issued In the year,
compelled the bask to retire from crcufs ion S48 000
zoo If fauiy bills an another created the national
Of 500 600 0CO of ors the inte eat which was
IT, he paid in gold silver. With this Loan and sith
the produce of the customs, which to be paid in
II intended tn nrpg The CLAIMS of the bank
sRaipst government IT, 80 600, 600 of forms "
1863 but discoveries that these dscreas could
rot re carried into effect in consequence Of this stats
ssirs in October 1885, the government Obliged to
sHenate crown spds
Exclusive Of the large floating DEBT, the present
cebedness Of the Austrian vernmeut is set down NJ
The enormous cum Of 2, oSa coo, coo millions forms.