New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-11-03

,bc kingdom and Turin was threatened the iuAus n0
su bcow * The reckless expenditure OF the last 'ou
vears sufficiently accounts for that fearful depgeca'ion
n times Of peace, which puts SELIA' INC ho" "'''-
81 Finances al his wits end, since he Knows 'na'
impossbe to meet the liabilities by increase oi
ton. He proposes therefore FIRST TO sell 'ne uoo"' is
Of the state and the railroads; for each oil 'es' FMS
there existed an offer Of two hundred mIous rom The
bouse Of RoTHscHuD. Then, he Insists upon a new
law Of provincial and commercial organization, upon the
prineipe. net exactly Of selfgovernment. hnt Of dis
Capitalization throwing a considerable portion OF the
expenditure upon the provinces and municipalities
without giving them the right Of eecng their Governor
or Mayor but only the provincial and commercial
council
Thu.he hopes to get rid Of about sixty millions
.yoar on the budget Then he proposes reduction OF
the army by at least fits thousand men, which, again
would save fifty plions since it is known that on the
continent Of Europe the keeping Of one thousand men
under arms costs about one million year. la MAR
MORA PETIT and LANA objected 10 the reductions they
know that the Italians cannot make up their minds to
renounce Of once both to Rome and Venea for the Inn
mediate fuure and the King himself is az warlike rs
ever. Still facts and figures are stubborn and firmly
believe that the reduction too will take place, II not
at once at least in Spring tere being no prospect OF
war. unless NAPOLEON should be willing to make it.
Austria certainly does not attack Italy; her ycs are
at co. that is TO saw still owerthan the Italian and her
difficulties still more serious than those Of her hostile
neichbor. PIISRR the Minister OF Finance thought
he might stop tie tide Of TIE growing deficit by new
loan; but Austrian credit is iTreparaby gone Neither
Holland nor Southern Germany took the bait Of high
per cents they were disguised by Tie tax laid on the
coupons Of the former loan otaccount Of the amount
which il small but on account Of the principle, which
violates the soundnos Of the engagements of the state
and opens the door for complete reputation N the form
of taxation Of the coupons Under such circumstances
PrENER too proposes a reduction Of the army which
has been accepted in principle. Thus The financial di
cutes act il the same way both sides Of the Po and
Mincio
Bat what is NAroLEoy doing in the mean timei He.
indeed, like yolns in Virgil, keeps tie storms at rest
or lets them cut 10 'dcsolatc Europe. II Is be-.
ieycd that he returns more 10 his old scheme Of
the European Congress which this year would not so
hndly be refused by Lord RUSSELL and Count
REcHBEEG as last year. Up to the time tia, hs troops
all return from Cochin China, from Mexico and from
Rome he means 10 remain at peace with Europe, and
probably propose tie general disarming OF TIC
Continent. 10 relieve the French from unbearabe
burden Bnt who would pretend to foretell what Ma
roIEos 10 DO since II is known that BIS words can
never be trusted falsolood being one Of the prncPa
means BIZ which he las hitherto succeeded. BisMARK
is stin at Paris. in few days the Emperor is TO meet
the Russian Car at Nice; all this may fofebode trou
be to Ausiria, but i may Likewise remain without ans
political Importance whatever.