The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-07-10
The Money Chests of the Arr,ie..

| I0COIiOhiiSO las cAdIllHcO CfiP 11Qu0ClaJ
position of the three powers about to
engage in war, and setting aside the
advantage which each may derive
from the gallantry Of its army and
the skill of its generals, he seeks out
one who shall DC best served by it's
material resources. He begins with
Prussia, whose finances previous to
Count Blsmark's administration were
IN excellent order. Her funded debt
was only about E44, 900, 600, and her
annual expenditure E24, 900, 600
only the third of that of France.
Count Bislnark, however, called 500
600 men to arms, and all the savings
OF former ministers have been ex-
pended. Confidence, moreover, is
destroyed, so that Prussian paper
money is at a discount, and the Prus-
sian Bank has found it necessary to
raise its discount to nine-and-a-half
per cent
Turning to Austria, he says the
financial picturo.is very dark. Aus
trla has not ceased to increase the de-
fciency to her budget during the last
eighteen years, and to contract loan
upon loan. Consequently her debt is
increasing, and her credit is diminish
ing in an equal proportion. The
Austrian debt is estimated at ,f24O,-
GOO, 900. The Austrian Minister of
FINANCE has increased AZ the taxes SO
as to arrive at a revenue Of $40, 900,
900. The interest on the debt alb
Serbs SO much of the revenue that it
Will be impossible to maintain the
present standing army with the ba-
lance. Her bankruptcy is becoming
imminent, but the loss will fall chiefly
on Frankfort, Amsterdam, Antwerp
and Brussels. from which Austria has
derived her supplies Of money.
Leaving the Government OF Fran
els Joseph, he arrives at that of Vic
tor Emanuel. The Italian debt, il
| 1850, after the annexation uf Ius-
canN and the Marches. amounted t.
tlu0, 900, 900. Il has ber-l sll;..-, .},.t-
h|'d The Italian rentc was u.:ute,i
at 81, III May. 1861; at prrscr... i. is
quoted at -. The Italian Govern
mcnt has hcc:l constantly increasing
Its army since 1850. without engaging
III war. 1t has, moreover, contracted
engagements with railway companies
which amount to above -. 900. 600 a
year The two-thirdS of these rail
ways are completed, lut their bonds
have fallen considerably below par.
Ihe Italian Government has lust
ISSUED paper money. which, accord
ing to the EiiiHaCe'. Is at q discount Of
twenty per cent, and. according to
the .Ne110inc EinG5ti.rr. Il: eight. The
! truth Is. that there is no fixed rate Mt
which Italian paper money can be
converted into gold. 1t is under these
auspices that the Italian Government
is about to attack the Qna,lrilat,.ral
Paris N"}. Loan,,h, 7tUAN
The radicals are said to be much
alarmed at the great Indignation NUT
tered, even by their own organs,
against the new tariff bill. jus, as
we expected. Their Representatives,
may lay violent hands a, much as
they please upon the Constitution
| they may tear up the rights of the
States by the roots and scatter them
to the four winds Of Heaven; they
may take the Goddess OF Liberty and
duck hcr as the early colonial statutes
of Virginia used to provide as I,
/ punishment for common scolls- but
they must deal tendcrly with the
pOch'efS of their constituents. Here
resides the nervous and vital system.
OF our Northern nci2hhors. And
whenever they fully rraliz. how cost
ly radicalsm Is to thcir private
purses. they will very speedily swap
/ OH thelr congressional horses. even
though they should get cheated in
their exchange. When people iimd
ont that they an paying dearly for
their folly, they N" ~urv 20 mall, IN
effort t. become wise.
EirImr~" 1'lnr-<.
AN"TlIEN BrnGA ORDER General
II I..,u.n,..1 ~