The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-10-06
Foreign Correspondence Of the N. Y. Herald.
HAMBURG, August IL, 1874.
Commercial Moueme,.t.. Sc. ~ Germanu.

our Convention OF citizens, on the 18th ult, inter-
ests the American shipping more than you are per-
haps aware Of, every vessel that comes up the
Elbe having TO stop at Brunshausen, Ia village
near Stade,) and to pay such dues as the custom
house at that place imposes upon her. When, at
the Congress OF Vienna the principle of free inter-
nal navigation was adopted for Germany, Lord
Csstlereagh smuggled this Stade Toll as sea port
duty, though Stade being quite an inland town, but
belonging to the kingdom Of Hanover, Of which
his master, George w., was king at that time, of
course the plumber went into the latter's pocket
Of the other parties to the treaty, Austria and
Prussia most interested. but were subs diaries
Of England then-Russia had interest and
France was either too weak or Taleyrand did not
think it worth while 10 tall out about il. When
the mercantile people began to complain of the in
justice OF these dues and OF the arbitrary way they
are levied, and Of the vexatlon these and other de-
lays on The Upper Elbe are causing TO The shipping
meeting OF delegates from the several govern
ments, whose territories border that river. was
convened at Dresden in the year 1920. Austria,
Prussia, Saxony, Hanover, Mecklenburg, the three
Anhalts and Hamburg were represented, and COM
plants were made that Hanover imposed an arbi
trary taxation. II was then fixed that one-six-
teenth should be allowed to her all goods
that came up the Elbe, and she was 10 modify
her tariff accordingly AT the same time she
engaged 10 send the new tariff to have it APP
proved Of by the other States; but she shuffled
OIL from one year to another, and kept on levy.
ing these dues according to her own will and
pleasure Hamburg got a privilege in the year
llS9 from the Emperor Frederick for such goods as
belonged to her citizens and were loaded on board
their own vessels. However, our merchants prefer
giving up this privilege, If the trade is thrown open
altogether, and the Hamburg Commissioner to the
meeting Of 1920, Senator Pohmoer, put in an
energetic protest to that effect, but was left in the
minority with the Danish Commissioner only.
During the wing administration in England this
question was brought before Parliament and Mr.
Ward (now at Berlin, about the Parlurdlc ques-
uon,) was seat here TO meet Counsellor Hispeden,
from Hanover, 10 arrange 1T but sooner had
the King OF Hanover heard that the Tories were
likely to come IN again, than he broke of all ne
gotlatlons. In the summer of 1913, the Commls-
sloners OF the River States met again at Dresden,
and after being together until April last they
agreed TO let Hanover have one-fouIth instead OF
one sixteenth, which treaty the Commissioner from
Hamburg, Senator Kirchenpaner, signed, though
with reluctance; but 1t is now annuiled by our ci
beng party 10 the Congress Of Vienna, few
years ago, took reprlsals against Hanover, by
charging her vessels very high port dues, upon
which Hanover made concessions Epgland has
just been concluding similar treaty with her;
but IN tho treaty OF last year with the United
States, the subject not treated; and consequently
your shipping Is subject to the arbitrary will of the
King OF Hanover, who owes you grudge, because
he considers you as real subjects OF his father,
George Ill
1t ought TO be observed that Hanover does no
thing to conserve the river Elbe. Hamburg lays
the buOys-nlaintains them, and the light houSes,
the flre ships, the quarantine, Nc, 80 that Hanover
has no expenses whatever. All her Claim rests on
the grant Of an Emperor in the ninth or tenth
fury to bishop oiBremen, for the purpose OF build
ing churches al Stade That the tories In England
and the despos in Germany, should agree to such
fmsy pretext, nobody wonders; but that IIer
government like that of the United States, should
subml. to II, ID certainly astonishing.
BERLIN. August TO- 1874
Rail Road Bubbles in Gamany-Panic in Shares
Great Specutations 4 lots among the Manufdctu-
ring Population in Bohemia, Sc.-Attempt to
dssassiaote.
JAMES G. BENNETT, ESQ
SIR-Tne catastrophe predicted in my last has
occurred even sooner than expected the com
merclal world Of Berlin is in uproar, and
are enacting on our exchange that remind one of
the great crash Of 1887, memorable in the history
of your happy and shinplaster ridden community.
The wild speculations in Railroad shares, OF which
gave you some particulars, had continued and
gone on increasing not only the shares Of Prussian
and other German railways, but those of Austria,
Denmark, France, Italy and Russia-most Of them
still in embryo-were bought up with a kind of in.
sane eagerness the shares rising from to per cent
a day All these bargains were on time for month
forward, TO be settled the last day of the month";
neither the buyer intending to take to the shares,
nor the seller to deliver them, but both specnlat-
Ing-the former on rise, the latter on fall-and
regarding the whole affair In the light OF a wager.
To add to the excitement, number Of go
betweens went hawking their shares about the
town, and spreading the mania among all classes
Of the population Every thing was going on
swimmingy, and the shares had risen as high as
the thermometer does in Wall street on boiling
July afternoon, when 10 a change came. over the
spirit of their dream, and the p2ans of triumph
made way to bowling and snashing OF teeth. A
royal decree was issued on the 9th OF June, de-
claring all transactions In foreign shares illegal,
and lorblddlng the courts OF justice to admit OF
any claim or suit arising from time bargains. AT
the same time heavy penalties were enacted
against the parties who made such bargains and
the brokers through whose medium they were ef-
fected This decree had the effect OF thunderbolt
the bubble burst shares went down in a few days
over ten per cent, and the SPECTATORS were scat
tered To the four winds OF heaven. Many hun
dreds who had wallowed in imaginary riches,
were unable to pay up the differences when they
reached such amounts as three or four Thousand
dollars, and the dcfalcation OF these "Di mino-
rum gentium." producing reaction on the larger
spectators, overwhelmed them in their turn. II
is To be regretted that many individuals Of good
standing and character have been induced to EN-.
bark in these visionary schemes, in expectation Of
making their fortunes at one stroke, and are now
obliged to sacrifice the whole of their property
the hard earnings OF many years Of economy and
and preserve ,helr reputation for integrity Others
whose conscences are less tender, refuse to dis.
gorge the profits they made in the earlier,part OF
this game, and will probably be left IN the quiet
possession OF their spois-" the laws delay " being
proverba in this counlry;besldes its not having yet
been ascertained whether the late decree may not
be so interpreted as 10 have retrospective effect
The usual calm OF our political horizon has beer
troubled by some serious disturbances in Silesa
They took place in the mountainous districts oil
that province, chiefly inhabited by cotton and linen
weavers, whose wages had become so reduced in
consequence OF the decline OF the linen tade as "a
threaten them with starvation. The signal oil revolt
was given at q village called LaDgenoitlau, con
tanning popuatioa of 1000 souls, and two ad
Joining villages, which hre inhabited by about 0 900
yearly all engaged in weaving Some actoIie,
having been erected in the neighborhood, in which
The weaving was performed by machinery, the frs
object Of the rioters was to destroy the new.ma
chimes, and they efiectualy succeeded in breaking
them to pieces; not satisfied with this, they brok,
every article OF furniture, pulled down the houses
IN ms of The huiIdinoa htrnf fha nm