New-York daily tribune., 1861-01-21

- - lgcl
boiD ~ ,I ori.s il the forced currency IN Nene-
his. ~ ,,, notes Of the Austrian National Bank or
". - al all lelts and M bne, for all coliHier-
P.3.n.sctiong y. among individuals; but taxes due
.', ,cTln,Deut Cor the rst three months OF 1851
"a ~ leagt Ona-half Gf those falling due m the -
~nd ouarter of 1861, must be pad M gold ana 81
Ter. or n in bank Rotes, the. with the discount on
This as barefaced rascaty, shows more eSiec!ai!
,le state Of Austrian governmental lnGraAil. ih'
secepd measure yet more strikingly Illustrates 'he
lew innnclal estate Of the bankrupt house ol iiaP
burg, for il ordans thar the interest on iSe Pdv"c
debt ia TO be paid with these same pans ho''S az
DISCOUNT calculated On the average Discount vi "'
thirty days next preceding the quarterly l''. ="
payulent This discount i0r the term oi . an Jus
INST is declared IN the decree 10 De ~ per cen%
For the fret Of next April It Is nearly cure mol =" O"
IoS than 20 per cent That is, for every five hofns
ubieb Goyersment owes 10 holders Of ITS enormous
debit next April il Will pay seven and hall HORNS.
But this is not all, nor the worst. As s evident
from the very wording Of the hTst OF these measures
Austria win have sucked out of Veneua all tle goa
and silver there in the course OF few mOh'bs'
TLe. il will receive taxes in its own bask NOES az
nor That is for every five forms OF taxes IL WI
rcolly Get cash value of two and halt HORNS;
tbnsil lose flty per cent IN paying ITS creators,
and viii lose fifty per cent IN collecting lts deots.
This surpaeses in economical ingenuity the profound,
as, oDerati0ps of our late Howell Cobb. Regarded
purely non Il NliduNAaf 0ho NfNn iAN- NA''
hsiyfly politica point cf view, this seems supertu-
ons. But still this is 10 be noticed by those
Sbo can have put any lingering trust IN the
nrac+ical worth of the Austrian Governments
repeated wOrdy professions and promises ~
liberal reform. One OF the least betogGed,
most distinctly affirmed of the verbal re1ormatory
conerssions O. F. Joseph 10 his people that the
"purso" should be under the control of the "Ccun-
cfi of the Empire" And here we have the gravcst
possible of financial operations ordained and defined
in its detailed execution by decree. IL was these
same liberal Ministers who wrote with the same
pnwiped pen programmes filed with giittering
seneraues' of liberty and the order 10 bum-bailh
SaxOny TO deliver up Count Ladislas Ieleki.
Here, as well as anywhere, should note that
paragraph in yesterday mornings MOHaeaT hatiy
denyiug the rumOred purpose Of the French Govern
me1t 10 raise new loan and stating that the
amount Of Treasury notes which two years aSo,
rose 10 the sum of 1876 600 600 one year 20 tho
sum of III 600 600, is ON the lst OF January just
past but -, 600, 0O0 Of francs. Aud SO tbe funds
at the BOurse Yesterday went up little; but little
though The Bank of France, in necessary tow of
the Bank Of England has raised It's rate of discount
"a s. per cent.
Tie United States as well az Vienna and London
act dtpressingly on the Bourse of Paris, where the
public funds have nearly reached war quotations.
Ouc American " crisis" / am glad, for the sake OF
French intelligence and French humanity (ei alone
national vanity, TO say, meets with due attention
here, and is quite hs intelty considered by moral
aud pOitcO-lstOricGl thinkers as by financial opeT-
aiCrs and commercial men.
Tie last two numbers Of the ReUut des DetH
MOndeS contain the first and second Oft is 10 be
hOped-a lsIger series OF articles on American
Slavery, by NJ Recus. Quite aside from their
purely literary merit even South Caroinian, t not
YET gone clean mad must admit that their author u
intelligent calm, studied in the case, and right III
kis fhp1Igb n bls conclusions
Here, surely, there is no sectiOnabsm," no Amer
ican party passion NJ. Reclus writes to say the
least OF it. as cllsscaly and gentlenanlyly (not,
perhaps as old eentlemanilylyl) as The Boston Can
TieY entirely free from "Greeley's vuiganty' OF
phrase. but in complete accord with that arch agl-
tators sentiments. IL is odd if you choose, but ii
is the incoatrOverfible fact that the eIninently
classical and digni6ed R,cpe des Dear MoHdes
ana the equally digniied and academical Journal
des D(bats take in this question of the American
crisis, exactly the ground that has 20 lO0g been
held by that prejudiced, crOtchety. vulgar, Sec
tioBal hpropery- incendiary sheet,
TIE n. Y. TRIBUNE. So far as know, and am
In the way Of knowing, there are at present pub
Eshsd III Paris but two or three Journals that could
exchange with The N. Y. Express or obtoin post
cfFicisl access to South Carolina. OF these, the
PsyS is closest in fellowship with the South Caro-
hnlan hre-eaters and the Boston and NeN-h0rk
dirt-eaters. Far be it from me, however TO put
raviUg ranting, hut really able bully CassagIac on
level with sp0smOdlcally violent " SouthrOns
and Boston or New York dOughiaees. Bully Cas-
agnaC has as tie French say, the courage OF his
opinions" A bully he is; coward he IS not.
Withal be is logical He believes in the intalibil-
ity of the Pope, IN the royal divine right to do
wrong in the gaggDg OF the press although he HIM
self is Journalist, and that the grand fundamental
doctrine that might makes night as right Now,
other ultramontancs, partisans Of Francis ii.
,,.AE no.e Icxa l.aa Iav..f flxr
pressed ii not their accordance of opinion with
the seeedent fre-eating Southerners, at least their
!cOus gladucss ct the prese ut hopeful promise Of
the disruption and downfall Of the only political
fabric that the world has yet seen based upon the
doctrine Of Mans individual capacity'to think for
and govern himself; Graner Cassagnnc alone, in the
Pays newspaper alone, has come out fairy and
piCmply ID striccst logical accordance with hs an
tecedents rs pgbheist, aud in sublime ignorance
GHd reckleEsness of historical facts, 20 defend
Slavery per sc az good institution long ago ap-
proved and sanctifed by the Church, and as an in-
sututOn approved by al the founders Of the Ameri-
can Repubhc ri whose elementary base il hes,
the cornerstone OF its repose and prosperity. It
may, certainly IT ought to, be interesting 10 yOar
readers 20 know that IN the daily Partisan pross
IneIi have presented themselves with dronqer rea
EOuing powers and more historical acauiTement
who have triumpbanty 6spr0ved the pretended
facts and Tefuted the erroneous arguments Of Gra-
hier CasfagnAc.
Than tie calculated hope Of French political sym-
Bathy with slaveholding community can con-
ciye but one other sentiment more insaDely base
toss, and that is the hopeful calculation that France
Wal buy five times az much cotton as she can possi-
by use, at prices that Old and New England cannot
Afford 70 pay, for the sake Of spitiDg those two
iBOfensiye countries.
Undoubtedly Cotton ia king; but he il a const-
fUi!"II king and he must obey the inevitable laws