The New York herald., 1866-09-25
OUR SPECIAL CORRESPONDENCE.
Az S 7 R Ia.
our VIENNA CORRESPONDENCE.

IRE FINANCIAL DiFFIcULTY-TBR GREAT ONE.
The financial question Is the topic Of the day Vienna
fncc the government made known its intentions with
segard the manner in which 1t intends to raise the
wind" Every talks stocks ard bonds the papers
nothing but the national debt and dialculties-sy
nonymous terms-and paper money is all the Co. and
pretty rapid go 1t in Vienna By the way-how wish
some OF croakers in the United States could the
ra state Of Austrian finances and the resorted to
IN order to meet her coming expenses after short
weeks war, and then 60 home and ponder, and stop
their groaning and preaching destruction on account
OF the debt incurred at Washington after four years
war, the expenses OF which, compared with Austrias
war debt are as $1,000 scycn.thirty bond to a bad
postage stamp and yet the United States her debt
Gayiy while Austria Is toticring. Why no one knows
how rotten is the state OF Austras finances; they them
selves acknowledge they know nothing about them: the
ministers even do not properly appreciate the of
the country's credit, aud this Civ .
approximate guess OF its indebtedness or re-
sources.
They don't make il study don't give il . thought TIL
sudden necessity pinches them tight spot and dc.
mands fresh loan another Issue of paper money.
Not they They have been accustomed to living from
hand to mouth borrowing whom they could not always
paying when they able, making no special pro-
vision to meet coming emergencies possible necessities
that any other modern and Systematic plan would
indeed And yet with all the difficulties they are in the
uncertainty of obtaining further supply when this is
exhausted the unsettled state Of the country, politically
aud financially with the Emperor the people and minis
ters in the dark 10 their financial future yet the pre-
MUM on gold is only tweniynine, with probable
chance Of great rse Immediately while in the United
States With every advantage in favor 1t IL probably
al his minute over nfty and has been lgo confess
do not understand u; neither o. their financial sys.
tmi that's sure. All know is slhas US go" Perhaps
tlsS 10 used 10 H. they have enjoyed paSsr cor
rcncy the almost entire exclusion Of silver 81 gold
Tor eighteen years.
LOANS EEfFCTs.
The following the principal articles Of law lusl
passed 10 allow further stock OF money being tempo
rary raised The Minister OF Finance IL empowered-in
virtue OF credit Of 300 900 900 placed his dposa By
ieIaw Of January, SEQ aud OF which he has only asc
.r to tho present o. 100000 consequently st ,c,yns
600 oo0-to obligations stat oonds 10 ths
OF 10000 600 bearing Gv rar cen, interest, pay
sble the rst Of May ons November OF each wear these
oondsto " sold Al the most advantageous terms either
ny commission or any other favorable A.
80 the remaining credit Of e0,oco,ooo, out OF that
Tao 100000 spoken o above this Is 10 lie used by putting
la circulation state bills Of one aud norins each to
be used AZ intervals as needs demand.
The 80 900 600 already spent out OF that credit OF
200 600 0C0 given the Minister OF Finance
borrowed from some national bank and 10 re9y this
sam further issue one FORM and nye form bilis 70
he made up co 600 900 worth necessary This
10 take place only on condition OF the government not
beng able within one year irom the signing Of the peace
10 repay the bank in its own paper
THIS bank paper having by the law passed Va Nay OF
this year. become :" state paper, VIII be cxchangeaolo
from the st of January, 1867, TO The Sst o. December
1s72 into veritsble Stne paper After the latter date
the original bank notes not exchanged into state notes
Will bo worthless.
In case Of the market being Overlooked with State
votes OF the and i've form demon nations the nns
Ser &c Finance will be allowed TO issue instead Thereof
just proportion 60 their approximate value notes
Of twenty five and atty HORNS
This law further directs that including this issue
Of and state bonds, the total circulation Of state
bonds obligations or pronisofy notes OF Whatever ma
tare must not exceed four hundred millions This, In
brief " the Jaw lust passed enabling the government 10
raise further sum, and which Will keep them aloat
httle while longer.
sefs, q government o!ical paper, states;-''fhese
measures iakcn ~ the government are dictated by a
,teporabie r,ocsgttv 1Y,ov can only be taken a. tue
best that tould be made under the circumstances. No
could approve Of further issue Of With Forced
circulation, u any oihcr exredient could bave been
adopted u can Only bc JUSTIFIED by the ncocsstcs Of
double Then furtuer, % sO.ten some bat harsh
e&t OF the law II ado I've can console onr-els -
with the idea that The unfortunate s-uc II such i'm
mensc number Of state NOTES. rcpresehing 20 large
sum, may tend 20 bring about good The national
sciivity will feel AN oporan, s.imaas many branches
Of industry viii be directly benefited and agriculture
vii improve and I've able 20 sell IL produce NJ femuncrn
live prces. We have The hope that u tho country i
benefited by this issue of paper money s benefit may
tend 20 bfug baex little ny little to normal state.
RK,LizEpY
That those good results 10 be brought ahort by the
forced issue cf quantity Of paper money a
ket already Hooded with r. % adsnieTesCd observer ap
pears doubtful Ausrss resources very great i'm.
nensc probably no country Europe eau be found
such rich coal mines, such abundant and magnificent
inbcr, PARTICULAR, adapted iOf snip building, better
iron thaa i produced, especially IN siynA England,
even, not irhef N these particulars Than Austria, and
These resources need bat capital ouergy sad
in the people and libcfay ON the part OF the govern
ment 10 bring them cat and make % nem sources OF
immense wealth. Merchants from France and England
are constantly arriving hero 10 buy, N Hungary and
horova, horned cattle. The wooeus produced Ia
Brunn are cheaper aud superior 10 any n Europe With
the ex option O hpso manufactured IN Yorkshire and
part OF Belgium. Millions worth Of fancy goods such
rckeibooks purses and Articles made of leather,
resry bought here shipped 70 Paris and there sold NJ a
greatly enhanced price as French goods Hungarian
-ines now nBd ready market with an these sources
~ profitable ifafc would be stronge H. under favorable
.i'umsaness and liberal go.ahead government Aas.