New-York daily tribune., 1859-05-18
AUSTRIA.
NEW FINANCIAL MEASURES.
,r,or d.rr. of The n Y Tribune

VIENNA, April 80, 1859.
The extraordinary financial measures adopted
by the Imperial Government will scarcely surprise
people who at all acquainted with the traditions
of Austrian finance. Onedecree rescnds the rcsolu-
ton of Aug 80, lc5c, by which the Austrian Nation
al Bank was obliged TO resume cash payments.
Now, the exchange of bullion for notes having,
ever since the commencement Of 1859, been tram
meed BY so many ciausuiG as to become almost ini-
practicable, this new decree only does away with
h,pocritcal sham The second measure is some
what clunlsy but none the less characteristic OF the
state of the Imperial Exchequer five per cent
loan of two hundred millions of flOrins 800 ,O0O,-
0C0) is announced, but it is simultaneously avowed
that under existing circumstances" (HnteT best,-
henden Zeurerhdhnissen) the raising OF such loan
is quite out of the question. What, then, is the
gist of the operation The Austrian Bank is or
dered to advance the Government sum of l33,-
33G3 1873 forins for which advance the Government
pawns TO the Bank two hundred millions of forins in
five per cent bonds, which at some distant period
are to be sold to the general public. To enable
the Bank TO make the desired advances, the
State empowers il TO issue new nconyertble five
form notes IL the amount Of the sum advanced.
The old one form notes are covered by the pawned
public estates; these new notes are covered BY
what by bonds representing an imaginary loan.
The Austrian inaDciers seem To anticipate that, IN
consequence Of the suspension of cash payments
backed by this new issue of about 150 600, 600 in
notes, there will spring up some ugly and growing
discrepancy between the paper and the silver
money which IT preteDds TO. represent Conse-
quentIy, all import export and transport duties are
for the future To be exclusively paid IN hard c,sh
the State refusing to be pild IN its own paper.
Another measure is announced, which you may con-
slider declaration OF partial bankruptcy. H. IN
future, any one shall present an Austrian State
bond to receive the quarterly interest due
upon the ssme, he will have 10 undergo subtrac-
ton of five per cent of the nominal amount. This
tax upon the State creditors extends to the foreign
creditor as wei as to the Austrian subject. In
stead of 10 florns there will be paid lorns 30
kreuzers only. This, however, seems but pre-
liminary STEP which, it is generally believed, will
soon be followed by suspension OF all payment OF
interest on Austrian State paper, at least OF all
payment in silver.
VKSSa, April 80 1859.
On the 9th inst his Majesty the Emperor dis
patched the suboned address the forces forming the
Second Army which, as you are aware, Is under the
command of the FedZeugmelster Count Gyulai:
After fnitess attempts to secure peace for my
Empire without compromising It's dignity, am neces
stated TO have recourse to arms.
with confidence ! conide the rights of Austria to
the best hards-to the hands Of d tried and gallant
amy.
Your fidelity and bravery, your exemplary disci-
pine the justice Of the which you Defend and
glorious past, guarantee to your success.
Soldiers Of he Second Army il is for You to se-
cure victory the sputless flag of Austria. Take with
you into battle the blessing OF God and the confidence
of your Emperor. FRANCIS JOSEPH"
Yesterday Count Buol addressed a circular dispatch
to the diplomatic agents OF the Austrian Government
at foreign Courts;
"By her refusal to disam Sardinia lit saysl has
proved that she resolved 10 continue ber attack on
the Idspuable rights of Austria to disturb the tran
guilty of Europe, and to encourage the hopes of the
revolutionary party. The Sardnlan Government has
abused the national feeling of the Italian races. All
the germs of discomfort IN Italy long assiduOusly
cultivated. and as they began 10 spring up,
Piedmont took the field as the champion of all the
Italian naonalities. SARDINIA can never have sin
cerely wished that Italy should remain in s.ate of
peace and prosperity for whenever the Italian Mon
aIchs have displayed clemency, and shown spirit OF
corciation, she has redoubed her efforts to rouse the
evil passions of the people. hen the Emperor ana
Emuress were in Italy the public papers permitted
to speak in favor OF Iegicde; and when his Majesty
plsced his brother the Archduke Ferdinand Maxi
mian at the head of the Administration of the Lon
bardo-Venetian Kingdom, the agtators at Turn sys
tematically misrepreseuted every act performed All
every taken by that benevolent aud generous
PiLCe.
morality and historical rights sacred in her eyes.
The possessions of Austria IN Italy are guaranteed To
her by the very Powers which gave Genoa to Sardinia.
Lon hardy was for many years fief Of the German
Empire, and Venice given to Austria instead of
her Belgian provinces. Sardinia tells us that the
real cause of the discomfort of the inhabitants OF Lom
hardy and Venice is the domination of Austria on the
Po and Adraiic. The right Of Austria 10 Lombardy
and Venice is irreirsgible and II will be defended
against every attack.
- France, which long shared with Sardinia the
moral respo visibility Tor the sad state of things in Italy
now openly supports the revolutionary movement
which has begun. The second French nplre s about
TO realize its ong-chershei ideas, for the throned
Power in Paris has informed the astoDshed world that
political wisdom viii replace those treaties which
have so long formed the basis OF European interna-
tiopal law The traditions Cf the rst Napoleon have
been resuscitated and Europe Is not Ignorant OF the
importance of the struggle which Is about to begin
About II hours ago, another attempt to mediate was
mhde by the British Government, but was entirely
frutess. The excessive, the fanatca love oi peace,
displayed by Lords Cowey and Malnesbury, Is one Of
the principal topics Of conversation in diplomatic cir
cles and German statesman Yesterday observed that
be- Msestys Ministers appeared to be aboring under
the impression that the who had completed the
Notifications at Cherbourg had legitimate right to
sy down tie law for the whole of Europe. Let Us
have fair tIial of strength with our enemies, say
the Austrians until the weather renders active oper
- ations impossible, when the dplomatists can again
" take the field. The Marquis de BanviIe, the French
Charge Aaires at this COIt interded to quit Vienna