The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-28

twtVH TWyIDB PayIFg
worthless paper We do not pefcsive esea, a.rencs,
and those oecrees seem hnceush 10 constitute Aasria
IN q stale OF bankruptcy.
Like another lyTrbus another Chsrss Kill Francis
Jesepb feepg his ruined Kingdom unable 10 loei the i'm
mense army which the necessities OF hB position fof;0
biD' constantly 10 Keep footing, taking his
sword goss TO the head OF his bands to Look for s,ss
and Tor them Tor meaus OF GubsIce the territory o.
hs pelehoofs But we are no longer In times when wac
was means 10 become rich, ana when crowned advea
turer could rebuild his fortune by OF forced contr
DUBOIS An exhauktel nation, whose treasury cannot fur
phh the sinews OF war, rs nfaiby 10 succomo aftsr
nIst struggle la our times ia no. with the heaviest bat
taons, but with the best hiled treasures thai victory
sides
AUSTRIAN AND SANDMAN FILANcE.
may be interesting just state 70 particulars
illustrative OF the financial Of Austria and Sar
DINA The latest returns published officially, do not
tenu pey no 1906 but appears that in 1853 lS5i 1853
ard 1886 Austria, although at peace, able, ID
homey phrase, 20 snake both ends meet her budgets
ESQ., expenditure 929 395 003 1854, revenue, ga $780,
s12; txtenoure SIS Goa 1855, reveus,
expenditure, 1866, revenue, f27 ,227 ex
peBdure, fSS SOL $40 The amount VI the Austrian pub
lie debt in 1856 vas f24l 100000.
The public expenditure Of the Sandman government
ALSO exceeded the revenue In the five years ending 1857
put VIII be observed from the following statements on
lne suhJeSt lhas the deficit was not Comparatively 80
os7 COS; 1854 revenue rs 27 3o2 expenditure 500
1875 1853, revenue, Go l3s9l2 expenditure, 6549sl
ls6o revenue Sol llS expenditure 60 bs7 SAB 1851
amount OF The Sandman public the commencement
Of 1857 ives f27 224 2Cl The declared value OF
s627li and Of the EXPORTS, 36i; while hose OF
The Island were f6s7 SIS and f460 0T0 respectively.
The total value OF the imports into the Austrian en-
f23, 25c, $40
THE NLw FRENCH LoAN-oFFIcIAL REPORT ON THE
PROJECT
The following report to the Emperor from NJ. Magne
minister OF Finance, on the subject Of the loan pub
lished in the Paris Monteur -
SREA law has just authorized your Majesty TO raise
by negotiation of State stock extraordinary
Of goo Of francs applicable The expenses OF the
OF Italy, The period the mode and the conditions Of
enectirg this loan have as usual been left 10 the iudg
meDt Of the government 1t results from the particulars
furnished in support Of the law that the situation of the
treasury il excellent The resources which it holds in
reserve and the ordinary means at his disposal would
allow without embarrassment. to the current services
OF the Stale, to devote than 100000 70 the tst
measure of prudence aud in order lot to keep capitalists
IN suspense that am about to propoee TO your Majesty
not to defer the opening Of the subscription. ma
tional subscription having fully justified the pre-
ference which your A9jesy has given that System,
there is no reason why 1t should be deper ted from.
PROPOSE to your Majesty to regulate the conditions of it in
the following manner
l. The subscribers, as in the preceding loans, shall
have the choice OF either per cena or Al per cents
2 The minimum of subscription shall be l0fr of rene.
g. Subscriptions for l0fr sball be exemp. from any
ducton those for larger sums shall be reduced In pro-
portion but without being brought below 10fr Of rente
A. Tie rate q issue shah be nxeo at 9Or. for the AZ
per cents with interest from the 22d March last, and
60f &c. for the per cents, with ntereat from the 22d
Of December, 1853.
tenth of the capital subscribed for shall be paid
at tie time of subscription and the remainder in eighteen
equal monthly instruments the first OF which will be due
on the 10Th July nexA
The payments by anticipation will not be admitted OK
cspt for subscriptions which shall not exceed 500E OF
rente On the last few day at the Bourse the average
price Of the "a cents not far removed from
ecf that of the three cents from elf These prices
compared with the rate OF Issue above xed show in favor
OF subscribers only very triitg advantage, eut the
desy Of about twenty months which is granted 10 them
TO pay up the subscription and which, by OF the
interest which tails due in the interval viii procure By
anticipation the enjoyment Of the interest Of the capital
subscribed for constitutes in sera bona fac profit Of q
SEC for the per CENTS and Of If 93c tho th per
cents. At all times similar advantages appeare ne
cessary TO The Of such negotiations Pubic
subecripson has the particular merit Of calling on every
one, without distinction and without favor TO take
part in It, In the preceding loans this system has been
attended with great success and there every reason 10
factory Your Majesty's polcy-moderate and concila
tory in council vigorous ana resoute when the necessity
for acting arriveshas found first conservation IN the
unsny with which the great bodies Of the State have
granted the necessary amount Of men and money. The
eope VIII prove by Their eagerness 70 subscribe that IN
interests in struggle provoked by the enemy, your Ma
jety has shown yourself the faithful nergrs.sr Of the
The report followed by deer authorizing the adop
lion Of the propositions contained in it, and by decision
OF the Minister OF Finance fixing the following details
carving the measure into execution
Subscriptions win be received from the 7th 10 the 18th
Seine the Central Office &C Of me he 's
the cetral OF the Seine, No SO Rue Neuve des Ma.
No. Rude do Lille and At the msires Of the twelve
arrond ments The books viii be opened on the 7.h
at pg 70 the morning, and closed at in the evening Of
the ds~ Subscriptions for sums not exceeding 500
fans 10 rente may be paid by anticipation with 4 dis
count Of four per cent per annum. Subscribers win
ceive provisional acknowledgement, which Will be
changed after the close OF the subscription for certif
cate TO tearer.
From the Paris Constitutional, May7l
The longer, used be- concentrated in
the hands Of small number Of capitalists belongs
10 multitude Of holders Under the restoration the
number Of fundhodefs scarcely exceeded 100 00 in S47
there still only 207 O00 but at beginning 1864
the number had increased to ga 000 The had
only got hands its poesessors were TO be
found spread the prov nces where few years pre-
viously the rene was almost entirely unknown In l847
thIteourths Of me fundholders resided in Paris but
1854, out of the 664 600, than half in the
departments Thus the rente, ap ,reciated by the
public investment, became more aud more sub.
cvded until there we're nearly 100 600 holders OF stock for
amounts producing not more than 20f year. For the
government loan OF $50 millions contracted in March,
1854, 5000 subscribers forward, and offered 467
millions. The movement was the same in every
part Of the country The departments furnished
" COO subscribers for amount Of 1853 00 and Paris
5000 subscribers for PA goo UO0 number
provincial subscribers nearly three greater than
those Of Paris. But the fact worthy OF remark
The proportion Of subscribers for email sums,
ceedrg 60i OF reoe; since they amounted to co 900,
mere than haif the whole number. Wnen at the begin
mig Of The year 1865, the called Tor loan Of
800 COO COO by pubic subscriptions III goo persons
ward and offered eco COO, four times the
required. OF that number 1876 Coo belonged
departments and 81 600 to Paris On that OCCASION the
great proportion Of subscribers for small very
large sums, Was again remarkable. The amount of the
subcrp ions for ess than 5c0f Of rente to whom pre-
ference was given, reached $4,000 GOO, $780,
100000 more than the proposed loan. The third
trial was attended with the same magnificent re-
suits The loan Issued in 1856 was for T6o OC0 0oO sum
equal to the two previous oans The subscribers
Sl600 Of whom $4,000 resided in Paris aud 1855 COO in
the departments. The amount subscribed for
1862 coo, nearly five times the asked for. Then
again the small subscriptions extremely numerous
Those for 5Or end UNDER which only privilege
corded In order TO prevent the
which had arisen during the previous OPERATION repre-
sen.ed nearly 2S2 0O0 Such have been the results Of
The three loans The subscriptions for tue loan of
0Q0 did not reach to quite double the sum
CURED for the loan OF 500o GOO they exceeded
fouriod proporton while for the loan of they
were more than vefold At the time that the
subscribed advanced in this progression the number Of
subscribers which was eS GOO for the rs to III 600
for thesecond and to for the third These figures
speak 60 eloquenty as to render ali
TO THE EDITOR OF THE HERALD.
may be assumed a. matter Of fact that alliance
exists between Russia and France by which, the event
certain contingencies the combined forces Of these two
Powers are to operate together for the Of
Ao~~