The New York herald., 1869-03-08
The Bank at War with tho Stute-Thc
Cxochian Emigration.

The Bank It War with tho stute-The
Czechian Emigration.
VIENNA, Feb. 10, 1862
Those old lovers the Austrian government and
the privileged national Austrian bank. who 'sfell
out in the Of 1865. are now at open war with
each other, and the pank directors have just re-
ceived from general meeting Of the shareholders
instructions to issue writ against the government
for the sum necessary to make up the seven per
cent interest the bank capital, as guaranteed by
the government on the second renewal OF the
bank charter in 1888 This sum, as ! stated
in q previous letter. was set down by the
directors ut 669,4Oo norins, but an amend
ment was made BY one Of the shareholders
to reduce the to 34o643 norins by another made
OF making up the balance sheet, which would in
crease the profits made during the year by s2s.se5
norins. This amendment was ultimately carried
against the directors, the result being that the
shareholders get an increase OF dividend and the
government decrease In the demand made upon
them by the bank. However, as between the bank
and the government the question Is one OF principle
more thap one OF amount.
The point raised by the amendment is nice one
and may interest your bank shareAolding public.
part OF the capital OF the bank Is invested In mort
cages (IJand Brtete, and this sum was reckoned ID
the balance sheet at the purchase price, which was
S9.88 per nominal hundred These mortgages are
stock exchange securities, and their quotation on
at 9345 per cent showing that II the bank had sold
the next day they could have realized handsome
profit on the TO- 246, 200 nominal amount held by It.
Was the difference between the purchas price and
the reckoning days quotation to be recognized as
profit divisDle among the shareho.dersY NO." said
the directors, 'f0r the possible profit never was
realized" 'Yesn said the shareholders party, "for
1t Is not less profit because unrealized." How the
matter would have been decided by court Of ex-
perts unnteresed In the question may be doubtful;
but the shareholders present were not dsinterested
for they wanteda higher dividend. The government
commissioner, who was present. gave his opinion,
as Jurist In favor OF the amendment, but ne also
was an interested party. Thus 1t came about that
the directors were Overborne. On one point. how
ever the directors and shareholders were thoroughly
united, and that was to press the suit against the
government. SO we have an interesting trial In
prospect which promises to be the cause cete0e or
the year as the Ebergenyi murder trial was that OF
last year.
The University OF Vienna at the commencement OF
its present term numbered 3,430 students, figure
which had never been previously obtained.
The emigration Of Czechian families from Bohemia
to the Caucasus, where the Russian government
offers them settlements continues. The movement
has erected even the Czecis in the United States.
The national journals parading the fact that al
ready twenty-seven families have left the United
States and sought for homes in the CAUCASUS. An
emigration from the United States to the Caucasus
This Is cetes novelty in the history OF modern CIV
lizatiOn.