The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-07-04
GERMAN

Financial Reports from Austria-SpOilsmen In
Vienna--United States BOnds-Naval EST.
mates of the Confederation-The Military
Party.
FRANKFORT, June 16, 1868.
The creditors OF Austria have submitted with good
grace to the execution done them by the Austrian
Reichsrath. They were deprived OF fifth OF their
Income and are compelled to exchange redeemable
In nOnredeemable stock and still the great majority
OF them are satisfied that the change Is for the
better as Is proved by the rise OF three to five per
cent which has occurred in the various kinds Of Aus
trtan stock In fact, nothing more lamentable or
more dsgraceful could be imagined than the man.
agement Of the Austrian finance as it was hitherto.
An enormous army was kept which absorbed by
itself the whole regular income Of the State. Where
one Official wanted there were five, all badly
paid, so that they made up the deficiency Of their
incOme by corruption. The rich avoided the pay
ment OF taxes by bribing the taxraters. SO
that the income tax from private individuals in
the whole empire amounted only to f500,00O OF
course there was every year deficit, which was
Squared by new loans. As there were Of late neither
contractors nor subscribers for them the sale on
commission was entrusted to such bankers as were
che avorites Of the Minister Of the day, and these,
without any risk outlay cleared profit of some
millions for the Insignificant trouble they took
in the affair, which quite well could be managed
Iy clerk of the Finance Department When the
STATE had got in this way couple Of millions at an
interest varying from ten to twelve per cent, the
bunker was created baron Of the empire and the
b CHEST decorations were bestowed on him. This in
fact is the history OF the Rohschilds whose ances-
tor fifty years ago was bagman; of the Gold
scamdts, the Reinachs and others, who have prac.
ts ID usury OH the largest possible scale to the detr
meot Of the largest number Of people, While the
common a If wi.
duals Is Stunned in society these worthless have
been added to the nobility for having brought about
the ruin of whole populations. The holders OF Aus
1ran stock are glad, at all events, that they are
longer preyei upon by these hapes that no further
loan win be contracted, and that, whatever the
future may bring to Them they have only to run the
ame chances as the State and are not further called
Apon to enrich the favores OF the Finance Minister
VI the day.
American funds continue firm and much is bought
Tor investment Still rise Is prevented by the high
premium on gold
The Parliament Of the Northern Confederation have
granted loan Of 100000 thalers for marine pur-
poses the funds to be managed by Prussia. AS was
20 be expected the national party have given up their
opposition, and the taxpayers will hencelOrth have
60 provide for fleet, as well as for an almost num-
Sess can therefore, not be aston ton
pystem loose their hold on the people. At an election
which took place yesterday at Wiesbaden hitherto
The stronghold OF the national liberal, Braun, his
party was beaten by majority OF five to one. People
who are told every day that there is no fear for
zion for strife in the whole Of Europe, are unwilling
70 bear the burdens OF war and to see them even in
crease from day to day.
Unfortunately there is military party In this
country quite as stupid as the French war party.
BY squandering their means In time OF peace they
must be short OF them II should come In the
North, where they have been accustomed to heavy
taxes, aud where there is no such concentrated
wealth as In the South, this miserable state OF affairs
Us not so heavily felt as in the South, where
The people, both in towns and in the country,
than is required by the real necessities Of the state
The more the Northern Confederation will be lavish
with the money OF the people the less the South will
from abroad or this there is for the present no
probability whatever, and the trick practsed the
London Times, about survey OF French general Of
Pie German border Of the Rhine and the appearance
The same general with his star at the German side
the bridge at Kehl, has been ridculed hoax,
10 which word-spread paper should not be accessi-
~ o. All that occurred Is that the French made
for the correction of the river on their
eide
iieccption Of King william In siIesa-Count
Bismnrcls's INSTRUMENTATION Plon'' mt
Uischicf-The Reichstag Hard mt Work.
Liberal Turncoatism-The Prussian Navy
Departmeut-Hcrr Lasker's Trade Bill
rvrecixed Emiarants-A Hebrew Savaut on
ia Way to New York.
BERLIN, June 1S 1868.
on Tuesday evening King william returned from
short visit to Silesia where he was received with
inevitable triumphal arches, burgomasters
seches, young ladies in WHITE wreaths flowers
a.d hurrahs. Prince Pless, at Fdrstenstein, made
mos, amiablc host Mis- splendid castle was bril-
ntly illuminated, and the dinners and otner repasts
aonor OF his royal guest were OF the most exqul-
: kind. To fill the cup of pleasure, battalion OF
.emen stationed at Friburg paraded before his
iestS
Queen Augusta, who always contrves to journey
Al an opposite direction is yet at Baden Baden, but
snends 70 move at the end OF the week. to the castle
at Coblcntz.
Count Bismarck departed last night by way of
Stettn to his estate vartzn, in Pomerania, taking
bis family with him. His deputy in the Foreign De-
"srtmcnt will be Herr Won Thiete, while his post as
resident Of the Bund Council will be filed 10y the
! ,,xon Prime Minister Fresen who may be al
'ady studying all the points OF etiquette and dumb
,ow for the discharge Of the Reishstag and the
rome speech In the weisse Saal at the Schloss or
site.
IL IL asserted that Bismarck has reserved TO him.
II the signing OF all Bund documents, though cur
mt business will be managed by Herren Delbrdck
nj Won Room. Baron Van der Heydt is going to
eside In the Cabinet. Count Eulenburg, OF the In
rior Department will spend several weeks ac-
unit of his health at Karlsbad.
For the last few days the tone of the French press
wards Prussia has been less friendly. Prince
Plon Plon" in Vienna, seems to stir up these un.
easant feelings by accusing Prussia of un-
, 70 interference with Hesse, which IL wants
~ draw into the Northern Confederation.
= sac being caught the Grand Duchy OF
aden would soon follow, and the isolated States
4 Bavaria and Wurtemburg would then have to
We up the project Of southern Confederacy. If
Ia charge be correct IL would explain certain
orts said to have been made to induce the Grand
Ike OF Iiesse to abdcate, az the oRly step which
\ uld secure the entrance of both Hesse and Baden
To the Northern Confederation. How sensitivey
! rance looks upon Prussan affairs OF the most
rinna nature is evident from the dispeasure caused
nj the Tnileries or rather at Fontanebeau, by the
umorcd visit OF the Italian Crown Prince and his
onsort 10 Berlin. The Cologne Gazette thinks that
prussia would be equally susceptible, II ought to
Nc discounted by the enormous quantly OF war
g'iyita Vecchla The stores and arms there said to
70 sufficient for a force Of one hundred thousand
on would serve in the event OF hostllities TO pre-