The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-11

mopolitan question OF currency and writes IS fol-
lated trade had to occur in Austrs in order TO pour
the blessings OF fortunate circumstances over the
country. However paradoxical 1t may sound it is
just as certain that the Introduction OF Treasury
notes (SddtsnOteD) has raised production
well as consumption, to an unexpected
reduced the circulating medium In Austria to
minimum. 1t was calculated that In the business OF
tax paving alone every Austrian norm had to pass
through the Austrian tax offices three times per
annum at least and IL is certain that in the pro-
vinces the want OF currency was so great that ex-
changes were on the point of being brought back to
workman and prices fell, production found no capt.
tai, consumption was restricted by want Of money.
Such was the condition OF the country in 1885.
In 1865 the emission Of Treasury notes to the
amount Of three hundred millions OF forms. The
pentfuness OF money then led TO the increase of an
effective demand and vivfed every branch OF pro-
ducti5n, The premium on gold worked as stimu-
lus to export and as protective duty 10 imports.
Capital became cheap and easily obtainaDle" fiese
are valuable confessions, coming from the pen OF a
bullionst writer 1t Is precisely this adequate supply
noss an1 mo ss Sc IL Aus
tria and Hungary to develOpe their commerce ana
manufactures b. rapidly.
Friendship to TurLey-The Hungarian Army
ORGANIZATIONS of Labor-ImperiaI Designn-
tions-Diplomncy Towards North Germany
and France.
VIENNA, August g. 1868.
In consequence of the threatening attitude of the
Christian subjects Of the Sultan the Ministry having
first obtained the assent Of the two parliamentary
committees has imposed restrictions on the export
of arms to Servia Roumania and Bosnia.
Francis Joseph has written an autograph letter to
the Minister Of War for Common Affairs requesting
him in the nomination Of officers 10 regiments re-
cruited in the Hungarian portion OF the empire to
appoint officers who ore natives Of that portion OF
the empire and who understand the language which
Is predominant In the respective regiments. This Is
a concession to the nationality principle in general
and to Hungarian claims In particular.
The W0rkingmen's Bildungs-Verein Of this city
contemplated calling great differentiation Fest OF
European workingmen. 1t was intended to form a
procession on the Josephstadt glacis and parade
through the streets. But since the meeting at the
Sperl described in my last, meeting at which the
working class leaders declared in favor of the Euro
pean socialist democracy and proclaimed themselves
to be neither Austrians Germans, but Europeans,
liberal middle class government has looked with
ill favor upon the working class agitation here and
the result OF this unfriendy attitude is that after
Cabinet counsel had been held upon the point pro-
nibtion has been issued AGAINST the Intended process
public meetings demands that permission to hold the
same be first obtained from the Minister of the Police
and in all ordinary cases the permission Is freely
granted. think the above is the first case In which
the requisite permission has been refused. The party
stricken by II IS tie LaSSaleaner SOCIALISTS ana the
adherents Of the International Workingmen's Asso-
citation.
have to make two corrections OF rumors relating
to imperial politics which have been widely dissent
mated throughout Europe and America. One relates
to the title OF this newly constructed empire. The
statement Ia that the term Austria is henceforth to
be dropped for the whole empire, which is to be
rechristened the AustrO- Hungarian Monarchy leav-
ing Austria the designation Of the western half Of
the empire This was, indeed, the proposal OF the
Hungarian Ministry, but it has met with opposition
on the part OF the Auersperg Cabinet, and on that
account has not yet been adopted. For the present
the empire is without official ttle the old title
"Austra'' being worn out and inadequate and no
new one having yet received Official sanction.
The second correction relates to the alleged rap
prOchen,ent between the Cabinets OF Berlin and vi
emma. This fact has been denied in the official
gazette. so long as the Prussan government leans
upon the Russian alliance, just so long does the
Cabinet Of Vienna feel II to be its duty and interest
to cultivate the French alliance. But the Franco
Austrian alliance IS an eyesOre to Count Bis
marck Under these circumstances more intimate
relations than those which now exist cannot be cx
pected. The Cabinet OF Vienna favOrs POlenism in
In Galica, and II it wishes to retain the friendship
OF France II must continue that policy But amity
with the Gacian Poles means for the Cabinet OF VI
emma enmty with Prussia. At the same time Prussia
is in intimate alliance with the Cabinet OF st. Peters
burg. Hence there is little prospect Of the RUSSIAN
and Austro- Hungarian governments being on other
rAt