The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-04-23


Treaty-NEr. Rancrofrs Treaty Making
Power-who Are American Residents in
German Towns s--Internai Peace-Ameri-
can Bond Sales and Opinion OF American
Iinunce-The Southern Elections.
FRANKFORT AprD & 1865.
1t appears that the Americans have committed the
same mistake the Germans did In ls4s by entrust-
ing to learned men the management OF public af-
fairs. Mr.. Bancroft might be a celebrated historian,
very competent To give an opinion on events OF the
past, and still not practical enough 10 deal with
complicated question: implying great variety OF
interests The American residents In our town are
in great alarm about the naturalization treaty must
first state who these residents They are either
bankers, doing large business IN American stocks
and shares, importers OF foreign goods, buying
German manufactures, all OF them having their prn-
cipal establishments at New York. Besides these
staying here for the benefit Of their health
and visiting, In summer the mineral springs In the
neighborhood. All these families are now put under
the tender mercies OF the Prussan government by
losing their nationality after two year, residence in
Germany.
These people, by uphoding the commercial inter
course, are quite az useful citizens Of the United
States az If they resided in some part OF the UnoR
and still they and their grown-up boys are liable 10
Prussian military service. They therefore COM
great detriment OF international intercourse II Mr..
Bancrofts mistake Is not set right by some Interior
diplomatic act. There IL another article In the treaty
wanting explanation IL is not clear whether Ger
man eIHgrant In order to be recognized az an
american cilnen; must DC hatuiaiiled, anu then
have resided for five years In the States; only such
persons would then be safe in this country who have
resided for ten years In the States. These are mo-
mentous questions for large number OF American
citizens, deserving the fullest consideration OF the
public press
Things look now very peaceable on this side OF the
gossip about complications in the Scheswig question
The difference between that which Prussia comedies
and Denmark might Justly claim does not amount 10
population OF 40 600 souls and nobody In his
can believe that careworn Austria iso ated France
will throw the gauntlet TO Prussia With regard TO
Duppe and Alsen, the strong military positions, the
European Powers are perfectly aware that nothing
short OF war can wrest them from Prussia, and they
have certainly no such intention now, when they
engaged In completing their railway systems by the
greatest exertons In fact all governments are now
contracting or guaranteeing loans for the construc
ton OF railways, and as many az five have been sub
scrbed for In this week at our Bourse--for Russia,
Bavaria Rhenish Prussia, Syria and wuremberg-
besides loans for public buildings in the cities Of
Florence and Liege. All this Is only possible in a
time of profound peace, and all governments are
therefore, bound 70 behave in manner TO quell the
hitherto prevailing nstrust.
BY the cheering prospect OF peace trade has re
viyed and mills and manufactures have again re-
sumed full work. American bonds are now In some
what better demand, under the general belief that
Shermans disastrous consolidation plan viii not be
passed 10y Congress. II is IA certain as things are
which are 20 be proved by figures, that the wanton
talk about the repay OF the debt, which nobody
requires, has cost already n large number OF millions
10 America for United States bonds would fetch ten
per cent more In our markets II capitalists anxious
10 invest In six per cent stock while the rate for
money ranges M two per cent were not driven away
by the threats OF losing one day part OF their capital
I'm consequence OF party vote In Congress. The
actual price of 70 for the bonds does not come up in
f 20 New York quotations. still they are continually
Sold from previous consignments
The elections In the South for the Zol Parliament
have proved the wisdom OF Bismarck's policy, not
cucumber himself with the South German states be-
fore having Joined the North into one compact state;
thew would only be a dissol1ng element and
strengthen the opposition. Prussia will certainly
not commit the mistake Of Italy In doing too much
az once: the south VIII join the North AT the FIRST
emergency without any cOmpusiOn from abroad
Great eXertions are made here to make this town q
pleasant abode for foreigners. club y going 20 be
established where all foreign residents are grau-
tously admitted to a lecture room subscribing TO the
leaning papers Of a nations.