The New York herald., 1865-02-20

FEBRUARY 20, 1865,
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Before them Is an open space for dancg but while the
Emp ror remains IN the ROOM only persons connected
win the court and foreigners Of very high rank
peced 70 dance there u seems however that at the
last ball party Of enerprisng ladies' and gen.
tSemen, regardless of this role pichcd in" and had the
honor of dancing before the Empcror-not, however,
is sad, without his having asked who those crude peo
pe' were. win shoddy when II forces itself into
society never learn in advance something Of its usages
and conform 10 thcmY
The Emperor and Dmprass twho has reeoyered from
her late ndsposton) viii attend the bali Of the Prince
and Priocess Napoleon at the Palas Royal on she Ilh
Our Berlin C0rrespOnde s
BgRIS Feb. I, 1885,
/ssuieas ss'lrie IN the Berlin Money Maket-Remayas
II TIE fha'saa Journal Of Commsne--The PariiaS,en-
tasy CSn,ho- Persecution Of Lib-rai Depass-The Con-
e'fioa Betsve~ An'tria and Prxssia, DC.
The accounts from America which TO Indicate
cavng IN OF the rebel c0nfederacy quite
sstr ON the Berlin Exchange Pleasing visions OF peace
plenty and stocks par float before the eyes Of the hold
err Of and speculasors in American funds and the con-
sequence has been rise Of from hye xix per
their market value during the last three days. The
number Of persons interested these securities
Siderable AZ first indeed, they were looked upon
with distrasti but they have kept gaining ground until
they have now completely superseded Austrian
and Russian hans in the favor Of the pub
hc a'strangers Of doubtful reputation" says the
Prussian Hdadsn ZeitSag Journal Of C0wMevce,
'ths six per. cent American bonds, redeemable
IN 1889, were Arst introduced in Exchange from
Frankfort and Amsterdam lin June, 1894 For time
bankers exchange lists and newspapers refused to open
visnts But the charm Of novelty and the prospect
gain have gradually melted the hearts Of the most in
hospitabie, and them side by side with all
the other descriptions Of stock that gurea picture Of
international unio-n the long list Of exchanges Large
amounts daily bought and sold by capitalists brokers
and specuators, sometimes At profit, sometimes
at loss, according the fortune Of war raises
or depresses the hopes Of speedy collapse of tho
Southern confedcracy" Tho Handels Zciing proceeds
TO examine the question whether these bonds
really Offer Q safe and lucrative investment,
and arrives the whole, at favorable conclusion 1t
remarks that sup to the middle Of last year the Northern
States had raised all their loans home and il Is
queny the interest Of their citizens that the gov
ernment should meet its obligations since, in the con-
trary event. their pockets would be seriously
affected II the should last entire year longer
the national debt will probably reach twenty I'VE hun
dred mlions-a formidable sum, but by moans be
yond the resources Of country aboundng in natural
wealth and Of such buoyant vitality the United States
Before tho American securities sought the
continent Of Europe safe investment at ITO; com
pared with this their present rates are no doubt
extremely low. In New York they are still
six TO ten per cent above par, and their de-
preciationr in Europe is owing exclusively to the
high premium gold, hundred dollars in gold being
equivalent 10 two hundred and twenty dollars in bank
not n IA p
As rule however the premium on gold falls the nearer
war approaches its termination, and this appears likely
Sherman seeing that several members Of the Southern
conedecy have already called upon President Davis to
You will know bes whether this article does not take
rather two sanguiuc view Of the state Of affairs but
represents pretty correctly the opinions generally enter
Between. the Prussian government and the Hous.
Of Deputies there is At present kind Of truce
sSd waiting e make 's n. %
move. They both offthem feel The awkward
Colleagues, sscsps perhaps the Minister q War, ar ar
noneniities) is aware that his political action abroad
Legislature are conscious that the rights vested in then
by the charter are as poweress against the ma'cra
by to the people the liberty Of press and person
are Against the construction put upon them ny corrupt
or seryie judges Both the Minister and tho House there
FORE haye wish for latter at
least for the moment, than the former; but
then 1t must not be the basis Of Irish
left indeed, for TO the knife; but the majority
would probably make great sacrifices to adjusts disp ~
and subjected them to much personal trouble, dscom
fort apd persecution Of those In the public service
many have been dismissed, others rcprimandcd OF
have been prosecuted for their speeches writings
OF the most distinguished OF hem M Jacoby, OF kongs
burg has recently boon sentenced by tho Supreme
Tribunal 70 incarceration or six months for some
words refecIing the King, and M Freutzgel OF
Insterblrg Is visited With two months imprson-
me n QiIuila tba Hon
b. dissolved again. this system will doubtless be carried
out on larger SCALE and considerable sprnkng of the
opposition will have To spend the durance vile
Now although ''stonc walls do not prison make. MOI
iron bars cage they certainly form very unpleasant
adjuncts OF Parliamentary life, and be
blamed for being willing TO do anything In tt
avoid them But there are lengths which the majority
the House neither can nor Will go-rights which the,
TO be Legislative assembly. II the King is :,
dispose OF the peoples money withoat the consent
comes an expensive sham, and j would be prefer
able 10 revert at once TO. the old absoluts
r,gmr nnsoI.'sIn % y monster mat viii soon b'
everywhere Dead in Ia last gasp-in France In Aus
ra even In kussiaand attempt TO galvanize IL for
time Ia Prussia would only lead tho surely 10 |
great LIBERAL II not revolutionary reaction And so tn.
liberal party can afford 10 wait In the interim they
suer some nconysnences wrongs aud losses but unless
the teachings Of history altog ther false their
tua triumph is ~ irreffasable the solution Of ma
thcinaticai problem In fact In the interest Of const
tutional government In Pr-ssia, II Is to be wished
that N. DC BismaTk or his MASTER may remain
obdurate, and not mako their peace with tbs present
chambers by concessions that the gist OF the
matter unouch' d, and establish precedent which a
future Legislature might find II din ult 10 iDvadatc
The statements in my last respecting the mission OF
Prince Frederick Charles 10 Vienna are fully confirmed
An agreement has act ally been concluded bctwc Aus.
tra aad Prussia, by which the latter obtains f6tan,
10 pursue her policy In the duchess and the two Powers
bind til inscves TO maintain the Integrity OF their
spectiss domnons both within and without the limits
the Gernanic Confederation, and to oppose attack
upon the rr1as unitt,. II am correctly inform d,
the ann xat'on Of the ducbics 10 Prussia Is not
plan viii be adopt,d by VIII hch the Grand
Duke Of oidenbprg, or the Prine of Angus.
tenburg, ~ allowed TO exercise nominal
resnty while It's real attributes, the military admnislr,.
ton oi the country the governing OF tho fortress
ResdsbuE, the erection Of naval station nj Kiel arc
transicfrcd " Prussia. This, indeed, is the least that
Austria could grant In return for the mutual guarantee
which ~ o Infinitely greater importance 20 her than
her ally Ihe only provinces Of Prussia which not
includ d In the German Confederation ARC those that