The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-11
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Our Vienna Cerrespondence.
VIENNA, May ~, lsoe
Active klitavy Preparations Movements 0 noops-
General s3sxsdek Go~e 70 ~ Fied-TAe FM MU6cosios
Of Vienaa-TAs COngyea-F Fadncidj Conditions AZ ne
Ausrian E~psre-Nationai BaakySpey and RepSdio-
Gow-PAilosopAical Condition V Ms Fsopls-Ts
Church Ircpe,sy-RoV Among As kericas Vo.Sxas~s
at Triesfe-TAs Viassla Journals on kr. Sssoard-TA
Rdsvwed vosaess, 6c
The present probability the almost certainty that
congress, rather conference" will meet in Paris
for the purpose Of attempting quiet the sbutions Of
the European political pot without explosion, does not
seem have had the effect all reiard diminish
the immense military preparations In progress here On
the contrary. have life and activity In this
respect within tho three days than during the whole
previous fortnight In Vienna The streets Aled with
infantry in companies and squads all armed and equip
ped and all marching towards the Northern Railway,
and every hotel in town has large number quarercd
In it. Yesterday regiment Of Tyroless sLsrpshooers
arrived and leave to-day for the north. General
Bencdek, the Commander-in.ChIef Of the Northern
Army, alter interview with the Emperor, left
yesterday stated, for Olmutz but in reality all
probability for Pardubtz which lies about half way be-
OmutE and Prague and the borders OF Saxony
This s the centerng point and headquarters Of the
Northern Army between two and three hundred thou
sand Of which, daily AUGMENTED by large ronorcements
from Vienna form military line Of some twenty miles
long along the Saxon frontier. II s announced To- day
that second conscrpton Is TO be ordered through
out Austria and that no Communication will be allowed,
every man drawn being required 70 serve The mode OF
In Austria has heretofore been very favor
able for the government treasury tho commutaton
being required be paid before the drawing, to relieve
the party liable to the chance Of being drawn. After
drawing Communication permitted, and the whole
system Is, for the present, suspended
In Vienna all the preparations continue In progress
The hospitals are being put In order clothing and band
ages prepared money being rased and volunteering in
progress considerable About three thousand
workmen engaged upon the trenches which beng
dug for the formation OF ntronched camp about
Vienna These fortilcations will only be upon the north
left bank OF the Danube, fear being enter
tanned Of INVASION from the Italian side. Tho
ditch be six deep and four wide and the
Of circle w1iicif II Will FORM the ends resting
upon the Danube viii about twenty miles in extent
battle has already taken place At the Notifications OF
Vienna the workmen, who receive eighty kreuzers
about thirty cenrs Ay having struck for higher wages
and fallen 70 and beaten those who continued working
The vicnnos do not kc the idea OF the forncations
and they have idea that foreign army will be
permitted 70 CONS AZ far ~ this only conceive that
Of certain contingencies which may the for
tncations are 10 be used against them
There is not the slightest faith here that the Confer
euce Will eject anything Austria consents TO and par
cpa'es 70 !. simply 70 say. appesrances ana prevent y
being said that her refusal pfeclptaied Hut she
has nothing gain aud everything lose by entering
conference N which The question nj shall be dis
cussed. Prussia wants The Duehies, and Italy wants
Veneua and II these can be assured them without
they WOULD orcourse much prefer IT, But Austria has
nothing 10 asr bun peace and quiet and is not, am in
clined u think al all disposed to bargain on Nenes on
any terms She does not in fact acknowledge I've
netisn question any more than England does an
stood here that that question is rased In the
Congress Austria will Eetre. That the be post
poned time by meeting s possible, but from all
IA NAV pUt n
The financial condition OF the Austrian empire Is not
which -wiSl warrant Hixrgc expenditure, if 10
can bo avoided The nation in fact bankrupt, and
the belief general that sooner or later u must rrpud
wipe out its old Indebtedness and begin again
The indebtedne. the lst March last nted to
about sixteen hundred millions OF dollars and her bonds
upon which she pays ave and sy cent interest,"
selling Al from forty 10 SIXTY cenp Tue dollar
People taxed about high As they well endure
and n give you specimen u the burdens OF taxation
may that house pay Of ory per
the governmant. salt and tobacco government
monopohes and pay enormous amounts annually. II
Austria could have peace and reduce her army she
could easily pay her interest and reduce her debt
for her agricultural. mineral aud manufacturing re-
sources Immense. But army o from four 10 slx
hundred thousand men, which considers II neressary
70 keep. up the substance Of the peops Ike ocusis
and are feeding into them 81 the rate o half mil
lion Of dollars day.
To this indebtedness and these
current expenses Austria las an irredeemabe paper cur
rency Of 400 norins "a aorn par
about fty csns) This currency Is furnished, not d.
rectly by the government, but by nsiionai bank,
current In all pars OF the Austrian empire except We
nela, where tho people have always rofscd 10 arcpt
them, aAd where IL has been considered good policy
TO enforce their circulation. When us bank es-
tabsbcd II was restricted 20 the ssue OF bills below the
denomination OF ten norns. II soon found. however
owing the calls made upon by the govern
ment that 1t could bills Ia silver and
Obliged TO s~ue b Of and i've norins for currency
This the government wink Ell H. and after the ls
the bank stopped specie payments altogether The agli
on ts bills then Kept varying irom Ave to forty, ard
three months ago, with the prospect of peace and the
resumption OF specie payments next year IL Tell 10 two
per cent and the nstion eonratuiaupg iset upon
the rerifn 10 comparatively h. aithy condition Of the
currency, when the present grand preparations for
began and tho cgio commenced rising until three days
ago stood al thirty. Day before yesterday, under the
pressure OF the Congress news went down 70 twenty
iour. and yesterday ro-s " twrntysix
The only spsce circulation the dirty little pieces
OF silver and copper OF aud the copper pieces OF
Kreutxcr (about half cent? some four years
this deaed coin beng boarded aud scnt out of
ths country, The government 70 supply the demand Tor
change although had lts charter 10 the national
bank reinqushed the privilege Of ever issuing paper
OF ten krsutzers abou four cen and and copper
pieces Of oae kreuizer are nov the common sma
issued iroA the mint" and by fiction consia
cred by the government ~ money" and not -
"pronise 70 pay
but the grcAss, dodge that governm.n, ever adopt,
ID 70 rass the Wind, and which shows the desperate
condition Of the Austrian finances, and the reckless
means TO which the government willing TO resort 10
ekc ont It's hnznsiA existence adopted about
month Tbe issue Of and nve norin notes
by the national bank, although, Al l have stated.
wnked Al by tns government was, N all intsnts and
purposes, an illegal one. In violation Of the
spiri, Il not ibs letter Of the charter
month since the government, W relieve the
hank Of responsibility IN this matter, Adopted all
the and nys iorin notes In circulation, amount ne
10 hundred and nfty millions Of FORMS fee2sng the
bank from obi gaiion 10 redeem them. The
government, IN fact assumes this amount ssIf a. much
a. bankrupt governments assume new indebted.
ness Upon the great principle OF compensation"
however, the government makes = hundred and nfiy
millions By this operation. requiring the bank TO hand
over this amount in the ten noru other
for which the bank responsible and TO redeem which
10 SID 70 have about two hundred millions Of assets IN
~ vauls The next dodge" Il s supposed viii be- In
Of var 10 s-izs those and then tho currency viii
become utterly vaiusiess The people bore tsss the
financial condition Of Affairs very phiosOphcsiy and
the prices o ordinary articles Of oonsumpton do not
rise with ths uyo upon gold. Clothing and food and
hotel bills are higher than when gold 81 two
per cent premium.
The people have not much faith in the governments
ability 70 pay but there seems 70 BE- . sor Of In.
difference aud feeling that things bad now THAI
they cannot b. much worre, and that does not make
much difference u they They accustomed 70
this financial beggary and bankruptcy, and take ~
easily esis dovhich fused to being skinned
Austria has bus one available means ~ paying on her