The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-01-10

lHeIe uSeu 10 De Il Story IO!u 10 the elect that
on an occasion on which Austria was meditating
appeal to arms she called upon the RoTHscuILDs
10 undertake q loan to facilitate her belligerent
purposes. The reply Of those eminent capitalists
was said to be somewhat as follows: 1.-THE House
'of Hapsburg wishes 10 go to war; but the House
''of RoTHsCuILD Objects and the story went on
to say, that for want of the requisite funds the
war did not take place. OF course the anecdotC
has very slender foundation in fact, but it has
an important under meaning nevertheless. 1t in
dicates that even the most absolute of European
governments can be held under check by the
money lenders whenever it suits the interest o.
the latter to exert the power which they have an
undoubted right TO WELD. Money has been pith
lily described as ''the sinews of war" but il
also constitutes the sinews of peace. Com
merce even now exercises a controlling inlu-
ence over the destines of nations, and not unfre-
quently forces the half drawn sword back into its
scabbard, and tenders the olive branch in its
stead. The actuating motive may, after all be
self-interest but what of that? 1t keeps the looms
active, the ponderouS trip hammer at work, and
all departments of labor busily employed. Let us
call then seinterest if we will; but if it adds to
the material prosperity ola country, by promo
ting industry and fostering forbearing spirit this
ruling passion cannot be regarded as Who'll
ly made up of the baser elements. We
take it for granted then, that at the pres
ent time, sefinterest is the governing prin-
cpe which is actuating the capitalists of Eu-
rope in their combined efforts to induce Austria
to sell Venetia. PERIERA, the Partisan banker
and financer, has written pamphlet demonstra,
ting that it is absolutely necessary she should
make the sale, and that speedily. OF course the
holders of Austrian bonds would be greatly bene,
flied thereby; but that point is not touched upon
in the argument. As a matter Of course too, if
the Kaiser consents to sell Venetia, the money
whcrewith to buy it must come from Sardinia;
but the latter is just now overrun with expenses,
incidental TO the organizing of the new kingdom
and to the necessity of keeping her army on a
war footing. We can readily conceive, there
fore, that Sardinia is short of funds. She has,
nevertheless large expectations, which would,
in all probability, be realized if she
could quietly dislodge the Austrian Old Man
of the Sea from the shoulders of the Venetian
SINBAD, and thus remove the only serious obstacle
that now stands in the way of uniting the whole
Italian Peninsula under ruler. Bat even if
the KAISER could be induced to part with venetia,
for good round sum- where is the money to
come from? The credi: of Sardinia at the Court
of Vienna is quite as bad as the credit of Austria
on the Paris BoHrse or the London Exchange
Austria is sadly in want of funds, that everybody
knows; none better, indeed, than those European
capitalists who have made investments in Austrian
'promises TO pay" IF she goes 10 war again in
the Spring, her securities, which are at a very
heavy discount now, will be worth comparatively
nothing before the war is over. Those who hold
them have been thinking recently quite seriously
over that matter, and they have come to the con-
clusion that the only way to save themselves is to
induce Austria 10 sell Venetia, and with the pro.
ceeds of the sale repenish her exhausted treasury.
Moreover, 10 accomplish this result they are will
ling to furnish Sardinia with the means of Dur.
chasing the Province. Viewing the transaction
in any light these capitalists perfectly well under
stand that it would be to their advantage. If the
KAISER could be prevailed upon to sell Venetia
the threatened outbreak in Hungary might be
prevented, and he would then be enabled TO re-
duce his army 10 a peace-footing, and to curtail
the extraordinary expenses which the existing
condition OF affairs forces upon him. If, on the
other hand, he refuses to negotiate a renewal of
the conflict is inevitable; Veneia will be
wrested from him; Hungary, and perhaps
the whole OF the Scayonic Provinces, will rise in
lnsurrection, and the final result O. the complica-
ton may be general European war But we are
told that Hungary and the several natonalities Of
The Empire are to be concated, and that the
KAISER will restrict his operations to the defence
OF Venetia against all corners. This programme
is, however, by no means satisfactory to TIE par
ties most interested in uphoding the financial
credit of Austria. Why the KAISER should desire
TO defend what he cannot possibly long retain, is
the question that troubles them. 1t has been in
timated to them that his honor iorbids the sale Of
Province of the Empire, and they have re-
sponded By showing the moral, material and Pc
cuniary advantages which would accrue to him,
at least in this instance, from putting his honor
In his pocket. Will the pride of the KAISER
be finally bought over? In a little while this
important problem will ha colrod