The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-14
THE CONTINENT.
rBR PRESSURE IN AUSTRIA AND ITALY.


Vienna (Oct. 20) Correspondence OF London Tines
Yesterday the intelligence Of the failure Of the house OF
Baahio Of Milan reached this city The liabilities OF the
bankrupt said about 600 1880 OOO) and
Is much feared that the creditors will suffer very
heavy oss " Balabio has recently done great deal in
Iombardo Venetian railroad shares and said TO have
made "tme bargains" 70 an immense amount The fall
In the price Of silk also contributed 10 the downfall Of
house which for some time past has been axng Years
ago, when the firm Baabo Co there xere ugly
ports In circulation but W. Bessano Of the partners
made great pccuniary sacrifice and consequently there
soppage After having saved the honor Of the rm
Bessano Withdrew from a. The arm Of rnglandcr Ssons
in Pcsth, which the house that played at Ke flying
with Bskoviz Co, has offered 10 pay is creditors In full
after the affairs OF Boskovitz dennitively settled
Messrs Engander win then nay so per six rs per
cent in nine, and the remaining rs per cent In twelve
months. Another Pesth house o. importance has sus
pended ia payments and within the last eight forty
hours about half dozen small 0rms have done here
Turin loct 81 Correspondence Of london Times.l
letter from Milan Of the 10Th, published In the Opinion
Of this morning gives intelligence Of the stopping Of
the principal banking and commercial houses in that city
says-Thc Inevitable failure Of Baabo and Bessano has
thrown encouragement the place. | say inevitable,
because for the last two mouths has been foresccn and
suspension Of payment expected the end Of
september aud would have occurred the housc Of Rohs
child had not offcctnally supported them
But, although anticipated, the news has made great
and sad sensation, the hrm being Of the most re
Il was extended Its difficulties we're caused specially by
speculation IN shares. had done large business IN
Iombardo veneto railway shses, expecting rise, which
Is more than ever remote and IS has caused
parable fall IN them, for the present all events These
shares very plenty Change at present. but with
out purchases and further failures feared both
count Of the silk trade and ~ the difficulty Of discount
Good prper s not discounted less than per cent
bills silk go TO II per cent The state Of the money
market nj Vienna and In Bohemia. where failures are
pidy taking place, s felt here and people blame the
bank, which, at critical moment refused discount
and has caused arrangement IN the financial world that
will not easily be settled.
Vienna (Oct 23) Correspondence of the London mes
The liabilities Of DR. Zugschwerth amount 400 000f
(f4o 000) and bis assets 2Oc0 40 000n belonged
10 MINORS and enbsfrled by Z,gshvurdt sgho
h,r tutor. The claim Of Wcrthcims sons on the
Of the bankrupt is 150oo01 but the house Is
tremely rich and consequently Il not likely 10 be pcou
venienced by the loss The broker dchienstein loses
81 o00f, the banker Lowenthal 70 0oof W. schey
30 000f NJ Bndheim Of the founders Of the Vienna
Linz Railroad, 20 o00f Messrs Rothscbild thurman,
IAmmel and Wodann escape with loss Of but 10 000f
EACH but several other persons have all by the
G, deupf member ~ the Board of the Credit Bank The
only Vienna firm which likely lose much by Balabo
of Milan Baron sina When IN Paris weeks sincs,
the Italian asked the Vienna banker direct his house
70 awe him credit ~ certain amount The request
was granted and the Vienna Crusus now in possession
Of Balabo's bills 20 the of Opo0a months
ago the house Rothschd did great deal Of business
with Baabio In Lombardo Venetian railroads but Ia
said 10 escape with loss ~ more Than $500 The
Italian banker was the correspondent and agent Of the
great 81 Petersburg house OF stegnz
letter of the 2sth u from Vienna says:-Three days
ago Bearzi wholesale dealer IN drugs failed for the