The New York herald., 1865-03-25

Do1un8 JOE oOm0 U18 W3k00~s C4uDoS usA80 ~
sAsE minds 70 ysduss hen SIN further ne hesd
Of one Of the largss hsssss informed me ne
other day thas the Iss Of yasuay hs had mot sold
than enseghth Of what he had done in the same
period during last year. ana things 70 hs az
Hot see how he could keep up his establishment "
course this Tate Of Affairs resets upsn business genea
speculation Of every kind Il has had an effect
upon Prussian funds, which always excsedngy urn
and remained unaffected throughout the Danisn VA,
not 70 mention the domestic quarrel betw cen the king
and his Parliament, but which have been quite M nov
As was 70 be foreseer the proposals Of Prussia for
the settlement Of the Schleswig- -Hostein quSsoonI
the exact terms Of which the governments stiIl nss
tAte to publish--have raised storm o. mo gne
tion at Vienna The whole press 10 up In arms ano
It's promptnes attended to there would be an imme
diae and complete rupture between Austria and Prussia
But since the Of 1859 the Emperor Of Austria
and his advisers have become singulariy patient and
long suffering and, though the pretensons OF Prussia
must be- as dsastefu 70 tcm as 70 their Official and
Official journals their nerves are evidently unequal 10 the
task Of rejecting them percmptory the Krs.' zssu
mot unfavorablyn by Count Mcnsdorn; though with all
It's optimism tho feuda print does not venture to assert
that they likely to be accepted In their entirety In
deed the Ausrans maintain that would be better for
Prussia the duchcs altogether than for her to
be allowed TO form a connection with than which would
make them her subjects in everything but the name,
and would furnish her with precedent Tor reducing the
nsigaeoTng s HaRSve, bTunswe Assss; HS S..
the Austrian government will resort TO their usrl
manGuvre they will try to gain time, and for people
everything They will not absolutely refuse 10 listen to
the Prussan ultmatum bat profess themselves willing
further negotiation. To be sure they have
enough Of NJ de Bsmark and have become sufficiently
acquainted with his character TO be aware that their
diplomacy will be quite lost upon him; that no
argument they will induce him 70 abate
one jot Of his demands, unless they are prepared
TO enforce thcr reasoning by the ultima rat which is
just what they do not But any rate their reply must
lead to long correspondence there win be rejoinders
pTo pTs ps1 n Ss NJ
cawDer % says something may turn up" The King OF
tired Of his Premier, Louis Napoleon may get into
trouble with America, and thus relieve Austria from any
fears on the OF Italy In short there be some
Austria opportunity OF ecctuay counerac;ing the
ambitious designs Of Prussia or OF yielding TO them
the threatened eat ned motions Of Bavaria Saw in the Fede-
raj Diet, for the recognition Of the Prince OF
Augustenburg as Duke Of schleswis Hostein, IN
eleventh hour the Bavar.an government have bern
prevailed upon to withdraw It and 70 replace it by
merely expressing 'confdent expectation" that Aus
tra and Pruss would transfer the administration Of the
duchies TO Augustenburg ''at the earliest possible
period Thus diluted in form, its meaning is reduced
TO nothing at all and Prussia AFFORD TO treat with
the contempt II deserves
The Cologne Gcsete mentions another scheme which
be found to answer better than any other. II is
that Holstcin and South Scheswg shall be annexed,
and lha the northern part Of cheswg shall revert to the
Kingdom OF Denmark from which 1t severed by the
treaty of September last This district is inhabited
almost exclusively by Danes and its reunion with the
parent country wonld consequently be in harmony with
the theory Of nationacs which is the spec n hobby Of
the French Emperor II IL favored both By England and
Russia, who from their family with the king
OF Denmark are anxious to indemnify him in part for
the losses he has sustained In the disastrous war be-
queahcd TO him by hs predecessor and the territory
in question has but little srategcal importance, Prussia
would no do bt be glad to compound for the full pos
sesson OF Iosten and the Southen moicy Of Scheswg
by reinqushng her claims the balane With The Ger
man nation, however, who are seized with morbid
desire Of conquest, and who hook upon the whole Of
schleswig as their legitimate property such arrange
ment would be excessively unpopular and Austria has
nothing 70 gain by Il, she may be tempted to mako
political capital by refusing her consent the proposal
in which she would be backed BY all the minor States Of
Germany, and by the liberal party In Prussa. On
the other hand, England has great influence with
the Austrian government whose financial necessities
render them peculiarly deslrous Of the assistance Of
British capital; and II some equivalent could be found
tho Cabinet Of Vienna might be persuaded assent
an expeden acceptable 10 the other great Powers and
the absorption OF tire whole Of the disputed territory by
her rival, which is otherwise inevitable.
Our vienna Correspondence.
VIENNA, March T. 1895.
Feeling Ttoavds Ameica-Prnssia ShoWs Her Hand-7ze
Austrian budget Htaiss C5mplicni7ns dc.
The majority OF our journals cvince but little sympathy
with the Norherners principally Of the
called materalism Of the latter On the other hand,
there Is sna but influential party consisting OF all
those concerned with the ceton trade who afraid Of
seeing cotton still depressed in price, in the event
OF the Souherners being subdued and openly favor
OF the latter People here hardly expect that Richmond
will be held much longer According to European
tions, is ended when tho metropolis of a country
Is taken by the invading foc but the circumstances be-
Ing very different in America from what tcy In Eu
rope our cotton people confidently predict indefinite
prolon alton of the The rebels they think will fall
h,cb
take only the defence Of places far removed from the
coast and from the chief navgabe rivers The interior
OF such country may indeed be held for any length Of
tme It's defenders continue resoutc and population
un ted. Nothing shows clearly which way the
rent OF public opinion flows here in regard to American
Affairs than the fact that there is In Vienna only jour
nal-the Ne,o FREQ Pres-whch openly advocates the
Of the North and tho Union and the editor he
himself declared in his paper has been accused that he
suffered himself be dazzed by glitter Of American
dollars The that the Nco r. Pre- Is exclusively
furnished with the latest American news from an un-
known source, Of which the other editors not Little
The Affairs OF schleswig Hoisein continue TO be a fruit
ful Of cmbaITassm nts TO government II
in consequence Of the blunders committed in those
affairs by his predecessor that the present Minister Count
Mensdorf called to Office, and schesw x Hoist In Is
the probing stone Of his diplomatic skin TIL this
recton arana@eoas for Austria Wc have " a
Of blood and money and have gained neither
political influence IN Germany nor substantial power. We
have mprcssivey demonstrated that Austria and Prussia
united defy the rest of Eropc but III s the whole
advantage have rcared al pres mt Prussia shares
this glory with us, and bsdes takes all the rcst-viz
the conquered duchies themselves. This Is n
conjecture; the Prussan government, by a de-
spatch Of the 2lst Of February has declared annexation
TO be her ral Intention And vcry sensible IL is
and the only thing 70 be wondered OF the modcty
Of government In not asking their full share Of the
booty glazing illustration o. the utter incon,-
prehensibility of German politics than the fact that
nobody, exc pt Prussia knows what is TO be done with
the duchies cannot be imagined. They manage these
things better in France when in 1882 Napoleon claimed
Savoy as the price OF bis aid and before gong to
took possession OF this Sandman province.
Prussia. II IL true admits OF sovereign 70 be insti-
tutcd in the duchess but then, he must oliver up his
army and navy, his forirossos and scapofs, his post
office and telegraph, his railways and canals 10 Prussia
These the conditions with which Prussia will
knowledge the sovereign OF Scblcswig Hostcin who
would IN reality be nothing but russan tax collector
state, like that conempatedby Dsmark, docs not exist
the face Of the earth the Duke of Scheswig Hosten
would be than fuDctionary and less than vassal
prince like him has similar in the German Confcd-
he In tin