The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-30
NEWSPAPER ACCOUNTS.
Tho Money Chests cf tho Armies,

French npancior and political economist has exam.
ed the financial position Of the three Powers about
engage in war aud setting aside the advantage which
each may derive from the 2aliantry Of It's army
and the skIIl Of hs generals he socks out the
He begins with Prussia whose finances pre-
vous TO Count BisInarcks administration excel
aud her annual expenditure f24 0a0 000only ibe third
OF that Of France Count Bismarck however called dive
hundred Thousand men 10 arms and all ne sovinqs Of
former Minister'S aare been expended Confidence more
over Ia destroyed that Prusaian paper money is ht
discount and the Prussan Bank has found 1t necessary
" RAISE its discount to o. por cent
Turning to Austria, he says the financial picture Ia
very dark Austria has not ceased % increase the d.
ciency In her budget during the las eighteen yrs,
ana To contract loan upon loan. Consequently nept
II Increasing and her credit Is diminishing r IN equa
proportion. The Austrian debt is e.. Gated al
f240 600 OC0 The Austrian Minister OF p1ahcs mas IN
creased I'll the taxes 10 arrive = revenue Of
Gao 900 900 rhe interest the der aDsorps so auch
present standing army with III balance Hsr laak-
,upey,s bscomg inssisent bu ne loss will fall chiefly
on Frankfort Amsterdam snne ana Of r0'
Leaving the governmep Of Francis Joseph, he arrives
at thst Of Victor Ena.ei the Italian debt N 1900
Amounted TO f1oo. 10000. hd. ben since doubled
The Itosan Remit was qnoted At "a in May, 1861; at
has oeen COP 'antiy Increasing It's army since 1860
wiisout engesiug in war Il has, moreover, con
m cssa sve yesr TSe Ms'c OF
these r.ileavs are completed, bit their bonds have
fallen copndersoly below par The Italian government
rsncw Is at discount OF twenty per cent aid
ing the senss'ae Pnancieye AZ eight The truth is
IN be converted into gold Is these Gusces that
ne He.an Government Is about 10 ata,k the QGdr1aserdL
The Italian Navy.
WRENCH REPORT or ITS FORCE AND CONDITION
lraranto June ~ correspondence OF Paris Sicclel
This town, nom distance seated at the bottom
Of an admirable gulf, appears with its embrown ned walls
Its large square converts, IT'S towers and It's
ancieot ramparts, something like city OF Palestine.
a. frrva hCn fnrfra
locking Greece
Sixteen hnsof war are ut anchor within few cables
distance from the thore and IN the midst OF tho eet
may be seen The Adnrals ship, Re dItalia with Admit
raj Forsnno on board will not give you list of the
maritime forces Of Italy; the general total is one
hundred vessels four arnor plated fourteen screw
niteen paddle, ten sailing and the rest consisting or
transports and gunboats; there Is also ram, sort OF
monitor The feet represents force Of l.a22 guns
end 20, 0Ss men. and Is he great hope OF the nation
Italy, which mas 300 leagues Of Coast produces excel
lent seamen and much SO that Austria after having
Tried TO make sailors OF her Croats and Bohemians
zen obliged TO overcome her repugnance and to put
latter who are Italians ut heart remain firm long against
their brntbers armed against Austria? No say
Wonders are expected from the Italian feet. Tho
spires the greatest confidence he be reso-
lute enterprising and brave 20 rashnes II il we'll
po which At The presan. moment shelters the Austrian
nec he will destroy both ships and harboF even II no
y burnt himself II tho Italian fleet issues victorious
from this war-and Il has every hope of doing
o-it VIII have accomplished an important task;
Il will have made Of the Adriatio an Italian lake
All the petty naval officers In the streets Ia
ranto have very determined air. and indeed ready
for anything. They are Awaiting with an irpasience
they do not conceal the telegraphc despatch which shal
permit them 20 leave tho gulf and put sea They
are burning with the desire meet the Austrian feet
and If they do not exterminate they will do every
thing that IL possible 10 arrive at that result
must say that have found at laramie the same
enthusiasm IN the other Italian towns the reaction
appears to have certain force here Tho priests seem
10 be the basis OF the population In tho eccles
Astcs are met with In crowds without taking into
count monks Of all orders The town. which has nearly
forty thousand inhshant has given 70 the Garibaidan
army only Two volunteers Compare that with Rimui,
which, ont of sx thousand, furnshcd hundred and
nifty BESIDES the case Ia 80 exceptional that the two
vol Of Taranto have become celebrated and are
Ieefed from one end Of Italy TO the other.