New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-09-17


them by Oderberg back TO Prussia.
That Austria able TO act with efficient speed when the
men VINO nave 70 direct possess energy and vgor IS seos
men, $4,000 horses and batteries from the banks OF the
Danube 20 those Of the River Isonzo in Italy They
taken thither BY two lines Of railway IL was the CELEBRITY
of their movements which caused the Italians 10 retire
behind the legsmento and TO accept the .uee OF August
- III was intended also II send force OF 1900 men
and cavalry brigade from CaTnths to fall upon their
left flank, and form junction with the Austrian troops
coming from the ryro In presence OF these facts the
Italians thought moro advisable TO retreat than TO sk
encounter in which they might again be beaten Had
the same decision and energy beon displayed In The North
should not have had 10 lament and wonder ut the defeat
OF KoniggIatz
have prevented thspTead Of the malady ThirysiK per
have been attacked by here of whom "a have died
Al Pesth II hes shown Itself since day or two TTenty-
two persons suddenyseiZed III OF whom have died.
In Brtinn IL Is on the increase.
Learn from FraulfortOnthe-Main that several Of the
ee merchants there intend 10 have the place; some
settle in Paris others in Augsburg or Thettgard. The
Frankioers have wish whatever TO Become Prssans
They consider that they gamers by the change and
moreover they hate Prussia with the utmost intensity.
The behavior Of the invaders too has tended rather to
increase the dcesation than otherwise it insoent
and supercihous in the highest degree The carriage
horses Of the wealthy Inhabitants have been taken by
arequisiton" and friend who there few days ago
told he had only couple Q onehorse vehicles in
three days. The items too which tho Frankforers have
had pay considerable. From July 10 TO August 10,
for cigars 100 900 forms; for 5000 pairs oboos $40 900
lorns Lodging &C.. of the officers in tho hotels 10 900
FORMS for saddde-horses $4,000 forms; making, with
other matters, 1855 g. forms fol month.
The old " Deutsche Bunds is dead. On the 9th the
members assembled at Augsburg held last sitting to pro-
claim in solemn assembly that had ceased TO be. Fifty
one years have elapsed since IL called into existence
From day to-day thepublic is in expectation to see the
law published respecting the revision OF tho new State
bank notes The 10 be issued is 4OOOeOOOo hornsi
but Of these 3O00OO forms only viii at inst be put IN
circulation. Sixty millions are intended for npaymentio
The bank ofa ike sum borrowed $4,000 900 forms for call
ing in the forin and 5norn notes now in circulation
55,OOOoOO forms for indemnnying communes and COM
merca companies who have suffered losses during the
war; the remaining 3500OOOO forms is to DO employed
for the current expenses the State.
The 30 forms to be paid TO Prussia has already
been advanced by derenankng houses here and in tho
provncesl9 Vienna firms and Vienna institutions con-
irbuted; the firms, l6600,O00 forms, the institutions,
II 5000 horinsi altogether, ,OoOoOO HORNS fiTe
provincial firms subscribed the remainder, l,9JO,OOO
iorins.
Since week OF two a saving bank has been opened
here the first of its kind in Vienna Pawnbroking es-
adjustments on the cOnnentae Government institutions,
and IT s such eslabishmentDe Pfandcihgeselschait
tt has Just commenced receiving sums not less than
Orn and paying interest ut the rate OF sKper cent
IL would seem that tho so-caed working classes have
little nothing to- put aside for the 9J $50 houns re-
ceyed in the very short time since the BANK eas Occh
opened have been deposited by 80 PERSONS ms on an
average gives deposit OF nearly $40 forms per head and
IL for individuals who save 30 much that savings
banks airs specially intended.
There Is much depression among tho handicraitmen
here no work being TO be had IL is easy 10 learn from
the houses Of call Of the different trades how many men
out Of employer have work. and week ago the on
trades that at all occupied wero shocakers aud
sadders BoDkbnders rather busy Ms the time for
binding and getting the new calendars ready was CON-
Ing
Great rs is the difficulty Of Austria If only energy be
shown and tho wisdom TO break entirely with tho Old
worthless systems, all may yet be WELL
THE FINANCIAL srTUATIoS-THg NEW LoAy-cOM-
MESTs or THE PRESS.
''''' O'' ''''''' VIENNA August y. 1885,
Yesterday evening papers brought at last the expected
decree on the new financial adopted by Govern
mont All allow that tho document is most difficult ia
understand even for those well versed in such matters
An attentive study Of ~ hours, says the NcD Free
Prefs has scarcely been sufficient 10 mako really ccaI
10 Us al the points OF this decree"
At the same time the document issued, an official
and somi-olical commentary also appeared give the
observations OF the OcerfecheA ZsHHg they arc the
dearest ana mako the decree most intelliglbe:
~ the law OF July 1876 The Minister Of Finance was su
hosed 70 raise loan of 900 Horins After the Ma
tloua Bank had taken tOOOOo Il the loan there sill re-
DECENTRALIZATION viii ,ssae 10000 forms ia Governmen,
notes CSsa Of horn and I'VE hoins each ann 10
order obtain the remaining 100000 horlnsw vi Issue hTe
DIR cent specie bonds With coupons fng due In Nav and
November for the realization Of thls new loan committee
n ino cash al tie market price similar bond, al re presen
moment, this eusen Of specie bonds vond reach The
a1eady 90 SsSeuSi q he ovr9a@eS, 90 note.
oSculaiion, which are To be exchanged for Govern
notes the aum total OF the Government notes to b
issued would amount 20 JQOOOO horns IL Is true the
AdnulfuhlNN 81 ~ ms power
conngeEcylns only in such caseo oyerseP this boundary
line in namely the floating debt on which interest
hoad sink below tho sum fixed ~ law Of oooOO The
hnaL sial decree nuney determines that TIE Sahs
OF 400 oOOoOo H. therefore for example the SlHfnssHs
sink low 20 O0OO0O the Government notes IN
sdtp, II il evident toweyr that h Is case which viii
happen Just because the new decree provides Tor The
sP bd n,s ssr T S s6eE We nav almost
win certainty accept fact iha, the amount e. the
SGin'Hssia, 20 be issned WI reach oo ana us.
therefore the Government notes bearing no lheIst wiz no.
the OF 400 OO forms Tie Government does noi
attempt TO conceal s conviction that The floating nsLlona
debt has Thus reached hight which cannot DO exceeded WIN
Danger In peace be secured which may now
be looked upon rs eerisin the promise Is gwen ta WIN the
exception of the HsHt shae per money! the whoe amount
the floating debt bearing Interest or nor sha not eAeeed
While tie greater psrt Of the nevlycreaed medium win DO
employed Tor paying The expenses of the SUN IS still len
TO be devoted 10 supplying the losses oeeesoned by hosses
In some Of our most important provinces Care mas peen
taken provide Tor the necessities OF tho current year neud
any Tie Budget Of ls67 viii no doubt show deei and
VIII be necessary In this case to form new financial pro
eramme and nd Of covering the expenses Incurred
by the State without crentng new series 81
There Is but opinion expressed by tho press as Ia
the difficulty OF the Minister'S position Inc Journals say
they unable to devise any other scheme than the one
u creating bank notes-for meeting the e1l
gencics Of the moment
IL substance. says The N,r Free Pres ne Government
resorts the financial measure which employ cd
before the breaking out OF the war operates WIN severn
nent notes A. i procured means for esr,ng on me war
Government notes. and took this sum beside oOoOO dorhs
in bank notes for National Bank after taking
20 900 Of silver loan direct from the bauk TO pay the
Pssian indemnify intends to meet ITS obligations duTg
the few months by Of Government n0los Toe
world agreed the point that this means anost per-
ncou Science and practice alike discard ~ snd YET ~
when war broke out IN spite OF this acknowledgment
oonosed the use Oi the Government note printing press so
now the employ u tho same iusrumens will hardly md
Opposition How should II be possible We may often lind q
and panf without being able TO avoid its
sdoptop Tbet Is the case Wien bas 10 choice or only
bat u resofae IS sul Sgse eypsdiept Tie law OF to-
day therefore may DO looked In It's fundamental principles
result OF perion9 necessity and as sneh may reckon
on rsceiging m Indemnity
IN, N We arc willing allow that unfortunately no argu'
cnts can be- brought against the principle and that the
cey lemoment cft choice but that OF resoTng 20
lie note printing press are, however immensely FAR
from agreeing with The method In which the plan has been