New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-18
AUsTRIAN IMPROVEMENTS.

glory and kept out of the war, Yet in another way
she has not been idle. The intercourse between
Francis Joseph and Louis Bonaparte seems to be
not altogether fruitless for the former. Not that
the Hapsburg could learn any new trick from the
French periurer his own lineage giving him the
most varied pattern card in that business But BIS
Ministers have borrowed from France some fnan-
cial notions which promise well for HIS beggarly
e1cLequer Instead of fighting for Turkey they try
to save their country from ruin by availing them
selves Of her internal resources.
The institution known as the Credit Mobilier
was established with the consent of the French
Government few years ago in Paris, by certain
Spectators and capitalists, headed by the cele-
brated brothers Pereira, the Count de Morny,
half brother of Louis BOnaparte, and several
others. The Partisan founders Of the system sought
TO obtain a charter under Francis Joseph, but the
ambition of Austrian magnates, nabobs, and hnan-
ciers being aroused, they promised to show that
neither the Austrian people nor Government were
in need of foreign capital. They at once formed an
association on the Parsian model headed the one
side BY Rothschild of Vienna, de Haber, Eskeles,
Stemetz- Meyer, and other such eminent exchange
notabilities, and on the other side by the Princes
schwartzeDberg, Auersperg, Furstenberg LIGHT
ensten, and many like Austrian, Bohemian
and Hungarian msgnates This association was sane
toned by the Government, with capital OF about
thirty million dollars, the first installment being
about seven millions. The subscription for the
stock was opened under the charge of the old ma
tional bank The business excitement which en-
sued among the people WAS anequaed; although
the weather was very cold, the building where
subscriptions were taken was beleagured day and
night Complete success attended the enterprise,
for the subscription reached three hundred mill
ion dollars, being more than fOrtyfod greater than
was demanded, and surprising the far-famed Ma
poleonc loan.
The object of the Viennese Credit Mobilier is to
lend money on easy terms to all industrial classes,
agricultural equally with manufacturing. Its sue
cess proves public confidence in the resources of
the Empire, and to certain degree, in the Gov
errment. As to Austrian resources, they are COM
paratively boundless, and need only the right policy
to call them out; they need above all, Liberty that
outcast in Continental Europe; but even with the
present dDsOiuIst sttu, PiVSicSo 10 hVt hiiPoo-
sible.
Whatever may be the effect of the new financial
measure, the Government at least seeks the bes-
sings of peace. Under Baron Brick, lost credit
seems recovering The bills of the Bank have
risen fifteen per cent, an unexpected change to
those who knew how bad Austrian paper WAS
Bankrupt Austria, then, is backed BY popular capt.
tai The Government, moreover, largely in debt
to the National Bank, gave security therefor ex
tensiye domains which are now being sold with the
cOrsenr of the debtor. This is also destined to
prove highly beneficial measure, especially to
agriculture Government domains are generally
mismsnaged, but they may prosper divided among
private cultivators Railroads, too, in Hungary as
wen as in Austria proper, receive the earnest at
tcntion of the Administration; and thus industry
and enterprise partake of a new impulse But
reforms cannot be singled out one by one they
are necessarily linked together; and so new
law is under the consideration of the Chamber of
Commerce to free Industry from the medieval
thraldem of guilds and crafts.
Ssch are the fruits of Peace; aBeliorations pro-
phetic of political liberties, and not to be reached
through the battlefield.