NOT PREPARED FOR WAR.

Taranaki Daily News, Volume LVII, Issue 103, 24 September 1914, Page 8

NOT PREPARED FOR WAR.

REPORT ON AUSTRIA.

HOW IMB DUAL MONAKOHT SI'MTERED.

The United State* GovniiaMsrt fcft& irade ipublio a r-ewiaJ'kably significant re-poa-t from Mr diaries De-Kby, United 8; alv» (Jonß'ul-Geiierali at Vienna, mi which he gives- an exhaustive commercial review of Austria-Hungary, la view of itho war in which Austria in (.iurmany'B one powerful ally, OoasulGenorail Deniby'a report, which picture! that nation a» being in a, -weak commercial, industrial and agricultural condition for iwair, in timtely, "Last Tear," says tho report, "was one of surprises and disappointments in Auat'ria-HungaTjr, Tho depression- east over commercial ajid political condition*, in the year before, by t'he hostilities between the Balkan States and Turkey, and carried over iato 1013, was dissipated 'by iihe. peiace of tho early spring only to appeair again in a, more acute form on tho breaking out of hostilities among the Balkan nations thcmpolvea. This continued the unrest 'tliircug'houfc the year. "Austria-Hungary appears to have I been more seriously affected fcy tfot war conditions fcha<u any other l'ower no 4 actually engaged. Industrial development caused a demuund for capital and the (scarcity of money was marked. Oold left the channels of trade. Tha rate» of ditc-ount reached eeven per ient., n rate not known for tb» (our previous decades in Austria-! hingfary, iiiil higher than that of iny other country in Europe. The mniifoer of unem'ployed grew large and livings were 'withdrawn from tilie banks) for daily .'support, industry wae checked by tho I cessation of the ho/nao demand-, and by the cloning of -the usual Balkan outlet | for trade."

Consul Deivby's report indicate* tnat the Governnrent of Aii»trift-ltungn.ry "was not prepared for n {'rent war. Mr Dni'by say» that in addiilioa to tha h;rge entistm-ent of yo.ir.ig men in the j'a.nuy, emigration in 1913 was unusually ! heavy, owing to tut power larvcßta in ' Galicia.