The New York herald., 1866-06-27
A u s T R IA.
Our Vienna Correspondence.

vIENSA, June TO- 1s86
Agecs Of Deprecated curyency-Priees R;siag-Fnan.
csag A6airS-A Strike for Cheap Bter-Generas McClei
;zam-.Moremens Of the Emperor and Empress, DC.
We beginning TO feel the effects Of deprecated
paper currency here, than years before Ever
sncc 1855 there has been d upon Specie and there
being to none in circulation. AL transactions
hnsed upon paper and merchants radespeoplc
little heed of the fluctuations upon the Bourse The
suit has been that for years Austria has exhibited the
SHANGHAI anomaly Of country whose circulating medium
~as deprecated rredeemabe paper currency, and in
which, with the exception upon imported articles,
no noticeable augmentation OF price had occurred.
People received this paper money and passed from
hand TO hand, and although hard cash could only
be obtained for IL at a sacrifice, as there was
In ordinary trade particular need Of hard
cash, and as the paper purchased everything in the
country which wanted H. and not gold silver bas
up the present been adopted the basis of prices.
During the Italian the ago went up to 1fty and
since then it has been at forty and in neither
there any noticeable augmentation Of prize in domestic
articles Now, however, when there is prospect OF
bloody and expensive, If not long war; when the nan-
cia condition Of the country really alarming and when
II is supposed specie will SO up to hundred premium
after breaks ont prices OF things beginning
20 go up The government commences the augmentation
to-day by raising the price OF tobacco and cigars and
next week IL IS expected that all articles OF commerce
viii be "marked up" The quotation for specie yeser-
day was 136 and all securities fell considerably. Nearly
MI the dirty little pieces Of ten kreuzers have dsap
pcared and their place is supplied with ten kreutZcr
notes. Of which tho government has just thrown mil
lions Of forms on the market In fact the government
Is beginning work the printing press quite literally
Informed you recently that il had relieved
tho National Bank Of the obligation of ever
rcdeemng all the one and five form bills IN
circulation, and up TO the amount of one hun.
dred and ufty millions. This Indebtedness the govern
,ncnt assumes not considering it Of much weight along
1aaF1
owes and daily Increasing debt Of nearly million OF
dollars for the support of the army In for this
assumption however, the government required the bank
20 hand to 1t an equal amount to That wh ch Il
sumed in bills for which the bank s responsible. Now,
as there were only about sx,yeght millions Of orns OF
ones and lives In circulation, the government has large
margin to operate 10 these, and already flooded
with new ones. evidently just from the press but all
bearing date January /, 1858.
Whatever doubt may In regard the people Of
the other States OF Germany standing for their rights
and suffering no imposition upon hem there be
few days set example TO their German brethren Of
energy determination and self sacrifice which will brook
no tyranny and 'stand no humbug.n There has
been q bloody revolution in Munich, in which the
troops were called out, and nrng upon tho
populace, killed four i've Of the rcvoutioniss The
people OF Munich are patient long suffering people;
they will submit 10 be taxed heavily for the support Of
and money to the great cause OF Germanys regeneraon
but touch them the price Of their beer and they
lutionze This was the case a few days since. The
brewers had raised the price Of beer from six TO six and
o half kreutzcrs the mass Now ''mass s about
half gallon, and half kreutzer about oncthird OF
cent, would not though this avery serious
attack upon the pockets OF the Munichors They how
ever, determining to nip In the bud this idea Of augmen.
fation, attacked brewery and only dispersed by
che fire Of the military History will record TO their
honor that when q million and half OF armed men
waiting In Germany hut for the signal OF attack
and tho commencement OF a bloody war; the brave
an the banks OF tho lser struck the first blow for inde
pcndence and--cheap Deer
General Mct lean last al Gcmundcn, the bean
tnl lake of that name the borders OF Tyrol He In
intends spending some time at ischi.
The statement that the Emperor OF Austria would take
mp his residence at Prague during the Is contra
dicted The Emperor Will remain ai Vienna, so to have
an eye both on the northern and southern lines. He
went yesterday to the headquarters of General enedek,
NJ OlmutZ, TO take general survey of the field from
that point and expected back in three days The Em.
press leaves Monday with her children for lschl,
where she usually spends the month Of July. Her
somary month kissingen 20 whose rcvvfying springs
che considers herself indebted for her life she will
pe able TO enjoy this year she does not consider
proper under the circumstances leave the Austrian
domlnons