The New York herald., 1867-04-26

been forced to dcegorgs Alsanand Lorraine We wsu
sAo,o the haagAty Gost tAf tAsr vesvs portion 4 not ne
Is fortunate that the sinister intelligence from Paris
did not reach Berlin day sooner might have had
ment which forbearng and pacabls enough already
The debate paragraph hy eight OF the proposed
sttuton axing normal military budget for an ndsh-
mite period without the parcipson Of the Legislature
concluded on Saturday with the result foreshad-
owed by the resolutions OF the previous day on the
annual military ~ sSss Isad os
peace establishment Of 10000 men) s 70 be In force
was limited 70 the sist December s71 after this the
lions then be made without The sanction q Paia
nent The motion to this effect was like the preceding
brought IN by Do Forckenbeck and carried BY COM
pact vote Of the hbea party, always excepting the ire
pressibe vncke who surpassed even the ultra reaction
ists IN the vshemence Of his protests against It. II
have wished, IL ID - much they had reason TO
expect and you will recollsct thai similar compromise
% predicted by me 20 far back e tho opening Of the
Parliamentary session. At any rate II maintains the
principle Of Parliamentary control over the finances
and practically speaking the limit assigned TO IL do
the expenditure for military purposes being increased
than diminished In the next four years. II is asserted
o" hsG m no. tins ~ a
succeed In having II rsscinded at tho third reading or
nnai debate the whole constitution they will dismiss
on their own authority. To be sure, II by that time
the difficulty with France has assumed such character
% 70 threaten imediae rupture they may calculate
on the patriotism Of the Assembly to waive ali other
considerations and to accept dictatorship which cir
cumstances render inevitable; but II this Is not
the case, such action would only irrate the oppos-
tion and bring collision which, hitherto both
parties have shown themselves desirous Of avoid
ing Whatever pressure may be put on n. de
Bismarck by the military faction, can hardly believe
that he will be prevailed to tako wpoitic step:
for sooner later another Parliament will be called.
ana he must be sure that Parliament elected by uni
versal suffrage Is likely to prove moderate and
conciliatory as the present.
Manday black day for the Berlin Exchange. Tho
losses sustained by spectators Ia has said to be
enormous. securities Of all kinds being still further de-
pressed by orders pouring in the Prusans to sell at
any price that could be obtained Yesterday there was at
first slight reduction; NJ de Moustier's decarat on
was interpreted IN pacific at least opening
prospect OF protracted agitaons, during which some
thing might turn up to avert the dreaded catastrophe but
on the receipt Of kilograms announcing that the French
government has been making immense purchases OF
grain in the north OF Germany, and that Drouyn de
LHuys, the declared enemy OF Prussia would probably
resume the portfolio Of Foreign Affairs the Bourse
reapsed into its former gloom. Prussian funds have
fallen five per cent since Wednesday, railroad shares
from eight to and twelve per American bonds
also weak, which partly attributable to the last
dispatches per cable reporting rise in the premium
gold.