The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-19


Itrom the Paris Debate, oct Al
We know the failure the Austrian government expe
rienced at the Of 1859 when trying 10
con tract ~ London loan six millions OF pounds
ing f50 0G0 000 Of frspcs) At home,t tried but
copdued tsct 70 temantog from the Bank Of Vienna
advance Of 1873 0c0 COO ~ forms loan 10 be eued
at "a more favorable period y THIS period thought,
had arrived last hsrch The subscription opened
loan OF 2Co 0lO of HORNS (5 600 raucs),
The rate Of emission TO the subscribers
the bait Of bonus nd led gentle pressure
pu, operation individuals and cor po atoms stint
lar % what done Al the great loan OF 1884, called
national volur afy. coo Of the
geo 900 coo .ked ioruch was The result Of tsoss com
bued efforts II was not however, the public who fur
nhcd even this fractional part o the loan Il sub
scribed ny the Cet hobcr, the scount company the
Railroad companies, few great banking housesal OF
whom have peculiar reasons OF their for wishing 10
preserve The goo graces Of The treasury.
The experiment was complete. In the monarchy self,
and in the great ncy markets Of Earope the OF
war, the day snccectn the peace, capitalists
meined deaf 70 the ertreates 4 tue Vlenaese govern
meDt The fact uncxaned Ia the daancial history OF
modern Europe.
The Dsbais contrasts these facts with the readiness with
which France and Piedmont and even the revoctionzed
Italian States after Vafrancs, obtained loans
very terms The wri then refers the spe
cal report u The Committee q tie Rcichsratns:--
In phat peculiarly the debt the report OF tho
special committee charged with the examination Of IT, in
forms that the 3itt of December 1853 tho
eovernm' owed lob 2l4 e9l norins In vennose
rency ono niard SIS millions 223 EOS aorins Ia conyen
This Ia the schedule Of the consolidated debt To ths
mutt be added 3s5 2i3 f5I forms Of Austrian currency
the amount az the noaog debt In actual or Austrian
money (adcpted In virtue OF the Ger Monetary
vention Of January "a ls6 and brought 10 the uniform
rate q loan at I'VE csnt these debts would repre-
scnt the total Of 2, 2Gs oil 532 orinB The ia
more than respc ,,ableit Ia almost appalling Nevefhc
less, ~ 10 not complete.
In note published al the end even Of the committees
report, 81. dc Pener who rs nov complaining OF the
gloomy ooors In which the committee OF the enlarged
Imperial Council has depicted the financial situation, do
Cared himself the inferior OF sixty three millions OF
forms to be aided to the win oh appars 10
suit rom hts tables Moreover, the committee by It's
admisson did not take into account tins Lombardo We
netnn dc bt the OF ntees conceded To
vsro1s share corpenies the State debts Of lover
Austria Syria ana orz nor lastly the debt caused by
buy pg up the sgnorai rights (iso millions OF dorns).
Ia taking into ac;vunt al these arbitrary omissions,
Dictated evidently 70 the committee BY tho sole desre OF
little the colossal total Of the deb. since the
loans contracted and realised, partially at beast IN 1850
and lsto, we mas con1tenty aud con plemertary sum
az 400 10 s30 millions OF horius % the amount given BY
the committee 81 inquiry. TIE Consolidated debt,
pcrly called, would amoun then, 70 two mardH
and 1Co millions q aofirs, that u, six m0ards $50
millions oi france.
Al ave per cent interest ths would require an annual
expense OF BAL 500 francs Bot dos, not In
cade The expense OF sinking fund.- which the committee
st down ri 80 500 COO francs. nor the payment OF the
bonuses or premiums, which requires as $50 francs
the expense put down at rs 0000oo francs Of the
ario tho rentes' due 20 foreign capitalists Neither
dces this include the annual subvenons. which In
all the states are regarded as a,egran parts Of the public
debt and amount to $50 600 francs for IScyds, ~
trieste 500 eco francs for the privileged steam
company Of navigation on the Danube. and 10 $50 900
francs for the railway between Psrdubz and Reichen.
berg Not TO make the schedule too long, wc pass over
several secondary but similar obligations which nav very
modesty be e.tnsted at oc0 900 forms az SEQ o00f
lastly let add the interest only Of i've cent on the
Deficit with which the debt viii be increased during the
present financial period from November 1862 10 Octo
Der a. Isoe) and which tho government estimates
al eighty eight millions OF forms (2i9 $50 600 francs)
and thirty millions Of francs. This sun needs no com
mcniary. Yet 10 appreciate lie fol- sigp ncancy 10 Ia ~
well 10 remember that The public revenues of Austria,
taking the average Of the financial pcrocs from 1850 70
1850 amount TO sx hundred aud seventy nve mons OF
francs the requirements Of the debt therefore Will Alb
sorb sixty four per of the whole, nearly two
thirds We speas Of The revenue ocaly called the or
diuny Nevertheless, tho difficulties encorn
tered By lhe admin sraton In collecting this revenue.
the heavy that remain at the end Of each nnan
cia year notw thssndiDg the zeal and severity Of the
To- gathercrs the unanimous complaints Of ths popuia
tlour-of whom the conddcntial the govern
mtn' make themselves the organa attest that the
tribeve cord - stretched 10 the utmost that tho people
burdcnei bcyond their paying powers IN a word,
that the pocaed ordinary o. the government s
already imposing that people bdens altogether extra
OrdibMy.
Another Letter from Abd-eI- X ader.
The Arabic journal published 10 Paris under the namc
Of ,he Eagle has the following tranaatioa Of letter,
dated DsmascuE september and addressed By Add cl
Mott FnInent and Reverend Iord-Msy the Most High
prolong Tie duration Of your archepscops authority
Amen. On tho Occasion q the recent thought q
your noble qualities when received the letter which
Jour en- bonored with under the date OF August
TO- YourEmiuencc has acquired fresh claims 10 my graft
tude BY The congratulations which you have deisued 10
address 10 mo they are an additional proof q your chart
~ and ssnciity. feel myaef most highly battered ny
the attention with which the Emperor has degped 70
| honor whore only merN u that o. having paid
what be owtd " bis conscience In my cycs ~ high
distinction fallen 70 The ot of an unoccupci manfor he
who only does bis duty 10 not entitled 70 bonors A
great subj Of delight for Ia The assistance which
The Emperor and the French nation giving the
tabitants o. syria u ia not who saved them, bu,
the rays Of the Frencbmperors power who has 10 al
corners Of the world faithful servants ready 70 perform
their duty Dcgn 70 present respects TO the honora
De sccl,sls,tcs who turroend you, md 70 my friends
May God rolorg your days
Written on the part Of sup Am n KArpr Bsy Mo.
iDpfs.
/