The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-13

Duchess Of Mecklnbusg schwerin, when . tele-
graphic despstch arrived with the. unweIccms
news that the mpregnable stronghold Of the Neapoan
King had submitted 70 the conquero and that nstead Of
burying himself under its ruins the chvarous Francis
had departed very quietly to take his place among the
royal exes whose paternal yoke had thrown of by
an ungrateful people. They pretty numerous
already The Count Of Chambord the Count of Paris the
Duke Of Modena the Duke Of Parma the Grand Duke Of
Tuscany, Don Juan de Bourbon Don Miguel and the
King Of Naples form quite respectable assembly Of dis
crowned heads; and who knows how soon they may be
joined by still more Industrious associates9
In consequence Of this untoward event poor N. de
Cereonano had TO make his appearance Ludwgsust az
the representative Of the King in partibus indiu,
TO the extreme discontinue Of the Grand Duchess who s
Of the most jealous members Of the egitm. coere,
and just preparing testimonial Of her admiration
for the heroic defence Of Gaea in the shape of wreath
Of aures that be presented to the Queen by the
Prussan Ambassador. The Grand Duchess Alexandrna
is sister Of William L. and mother Of the regnng Grand
Duke Of Aecklenburg, whose dominons enjoy the enva-
BILE reputation of being the governed country in
Germany, which liz saying good DEAL In lS4S this ex-
enpary Prince was frightened into giving his subjects
constitution, which he took solemn oath TO main
tain; but sooner had the reaction set in in
Prussia than he dissolved the legislature sent its Presi
dent NJ wiggcrs to the penitentary and since then has
ruled in all the plenitude Of sovereign power, only
limited by the Chamber Of Mobiles who have assisted him
TO his hearts content in reyvng the audable customs Of
the Middle Ages II is fortunate for his Grand Dukeshp
that the Mecklenburgers not Italians; that Baron
Schleinitz is Cavour and that German Garibald is
moral impossibility
the capture Of the Neapotan fortress excited profound
regret in the Court circles 1t hailed with the utmost
enthusiasm by the public, whom all the efforts Of the
reactonay and pseudo liberal press here failed to
that the unity OF Italy preudicia German interests
and that every good patriot ought TO oppose with might
and main On the Bourse, too, the intelligence made
success would strengthen the position of the Sandman
government and enable to resist the pressure Of the
war for the recoyery Of Venice This impression has
been confirmed by the speech Of Victor Emanuel on open
ing the Italian Parianent but s partly counteracted
English money market. The Bank of France is reported
to be on the of suspension Of specie payments and
the fact that the Bank Of England has advanced it's
rate Of discount to the almost Unprecedented figure Of
eight per cent Is looked upon grave symptom Of nan
cal embarrassment. Such step could only have been
taken FOR the purpose Of checking speculation or from the
fear OF run, which must have been considered immi-
nent SINCE according TO the last statement the stock of
specie and bullion in the bank amounted 10 upwards of
eleven and half millions sterling against circulation
in notes Of nineteen Millions proportion that In ordi
nary times, would be smpiyG0icen to meet any emer-
gency To be sure the Bank Of Prussia is still more eau
tous in Its operations. BY the monthly returns pub
ished on the 9Th nst appears that the amount Of gold
and silver in their possession II 900 thalers and
the notes in circulation only S8l4l 600 thaers; 30
that they have more than seven Fights OF thaler
in specie bullion in their vaults to redeem every thaer
of their issue What are their notions for restricting
themselves to limited circulation Whether they
apprehensve Of Of commercial crisis looming
deprecated paper currency Austria have inspired them
with an alarm that induces them rather TO eau
der with Of
Commerce. Postmaster General Director in Chief Of Rail
roads and Public Buildings &c, unites the office Of Pree
dent Of the bank. Possibly there Ia not sufficient trade
in the country TO produce safe acceptances for the
ploy of surplus capital DISCOUNTS anyhow, the
appear be satisfied with the management
the bank loans are at high PREMIUM and discount re-
mains at the low rate Of four per cent. 81
Notwithstanding this fourishng state Of the Bank Of
Prussia, however, business in general has long been in
condition, and shows no sign OF improve
ment. One Of it's most important branches-the calico
printing manufacture-has had 10 suffer losses by
failures Of dealers in the Provinces especially those
settled in East Prussia the frontiers Ct Russian
Poland, where smuggling carried on upon grand SCALE
favored by the dense forests that extend along the bor
ders Of the two king ioms The merchants inhabng the
frontier line have organized this contraband trade in
smuggefs in their pay-desperate men who defend their
lives and their loads to the last extremity and often
ngn aegaI 1sss WIN Inc zen oneT But los
the conrabandists and their goods seized when Of
the merchant loses his property In such
they have been induced to give extensive credits
TO the merchants In the frontier towns, In order
cear OIL the large STOCKS OF goods
lated in consequence OF the depressed state OF trade
Their creditors generally offer compromise which the
manufacturers are fan 70 accept rather than expose
emseves to nterminabe law proceedings that swallow
up the small residue Of the estate. II possible this
state Of things may be remeded by
mercia treaty between Russia and the Zcverein which
is sad TO be agitation but long the Russian GO
vernment adhere to their system Of high protective d1
ties the Illicit traffic offers too great temptations . be
Jews who form the entire mercantile population Of those
DISTRICTS have other OF subsistence than what
is afforded by smuggling.
Since the debate the address the Chambers have
only held two public meetings, which have been
exclusively devoted to local affairs and do not present
single incident worth recording The next discussion Of
general ntereet win be on the War Budget when the
Minister'S and NJ de Patow in particular may expect 70
be roughly handled by the liberal party In the House Of
Deputies.