The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-29

VIM that eo~s nobody good the regular shcpkeepers
we're .he gamers by this comps for people being de-
ermned 10 purchase they repaired to the shops when
they found the booths c?sei and thriving business was
driven by the former At the expense of the latter
AZ court Christmas kept zealousy in the less
elevated regions of socs'y The members of the royal
family assembled Mt thu Prince or Pru@sa's where each
had separate table, graced with enormous tree and
groang with presents rich and For Prince Frede
rick William whole wagon load Of articles Of taste aud
rTta arrived from his future relations the royal family
OF England, who being more than half German them
selves, naturally inclined TO follow German oms,
particularly innocent and 80 agreeable 70 all par
ties The soiiers treated TO supper to make
up for the disappointment oerienced by them tie
Kings birthday, when the rejoicings with which II
is usually celebrated were postponed sine de, On
and revcing the order OF the day. rather Of the
daysfcr here have two Christmas days the 18th and
day. the happy Berners had the satisfaction OF enjoy
three consecutive holidays four, if CHI smas Eve be
included, ought to be, very little else being done on
that day besides giving and receiving presents
The zest with which the Christmas fest Vitiee were
tered into upquestonaby enhanced by the feeling of
relief occasioned by the CESSATION or at least the mitga
ton of the financial pressure which had so long weighed
upon the community. u s hoped and believed that the
worst is over and better state of things is looked for
ward 70, although the disastrous consequences of the
panic still severely felt, especially by the marufac
turing interests In the woocp factories and calico print
ing works nearly all the looms have been stopped,
and numbers of hands are out Of employ. There Is
small town. this capital called Bewau, inhabited
work by the suspension OF the establishments which
they engaged and reduced u complete desttu
ton The great steam engine aud locomotive factories Of
Borsg, however, continue their operations the
before, employing some thousands of operatives in their
fourdres and workshops, ana have not dismissed single
band, in spite of all the rumors TO the contrary which
have been industriouey propagated by their rivals.
furnished you some time since, with account of the
origin and foundation of aese works by that enterprng
man. John c. Borsg, who commenced business In 1887
with about fifty hands and the middle OF the
1851 had turned out $50 loco motives, besides other
gaDda hao
and having lately received many orders fof Russian
and Polish railways, the number of LOCOMOTIVES produced
is upwards Of 600 When II has riscn 10 900 q
grand f9te is TO be given, to event
honorable to the establishment which o the largest
had been by young Borsg he old departed
this life about three years ago) TO company of share
holders and negotiations for tnat purpose had in fact been
pending but II appears the terms could no. be agreed
upon and SO il has remained in the hands of the present
owner.
Considerable sensation has been created by tho detec
tiop of extensive orgaries comDted by house o. Dus
seldorf under the firm OF Aruz Brothers, dealers paint
ings and proprieors of great photographic institution,
who have just failed with liabilities amounting u
dred and fifty thousand thalers. Such failure would
not be thought much Of in commercial city, but makes
a tremendous noise in quiet place like Dusseldorf,
known only the seat of great academy of painting
where artists from all parts Of Europe and America study
under Lessing Leutze and other masters is chiefly,
however, from the forgeres connected with this bank
rupcy, that it derives it' importance As far have
been able TO learn il that the cuprs DIRE priaci
psy three publishing housesat Iepsc, Stuttgart and
Stock holmand then forged the accep.ances making them
payable bankers banks in other cities RENTED
the amount at maturity This must have gone for a
number Of years. when the present crisis led the
pension of payments, resulting in the discovery Of the
fraud Several acceptaDces being presented after the
stoppage, 10 the houses they were drawn upon, the
that the acceptances forced Many bills
Of the description still n circulation and having
several months TO time may elapsc before the
whole cunt can be liked TO a certainty There
OF paper containing memorandums in reference
their bill affairs TO be found, {the books ao-
pear to have been destroyed or carried oG)
and thus is impossible 70 ascertain when
these criminal practices commenced what acceptances
any, genuine, and which counterfeit The losses
Of such parties have discounted the bills will be heavy
Tw houses at Berlin and one at Cologne mentioned.
For the artists OF Dusseldorf this catastrophe quite Gala
mHous event. many Of them with the
establishment, ana bad claims upon which have not the
slightest prospect OF being settled The two brothers
have abscondcd They traced far London bat
when the hue and cry sent after them arrived there they
had just left and embarked, Is thought for Australia
where relations Of theirs residing Doubt,css
however they have only spread this report throw their
pursuers OF the scent, while they gain time TO continue
their fight acroes the Atlantic