The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-13
GERMANY
American Securities and the Bcursc-- Truss
sia's Conduct Towards the Minor States
Opposition to AusIria's Claim on South Ger
mauy-Austria and the Danubinn Princi-
palifies.


Opposition TO Austria's Claim on South Ger
many-Austria and the Danubinn Pripci-
Palities.
FRANKFORT, Nov. "a 1893.
Our bourse continues in fcverish state. A rcgu-
lar mania has sprung UP for Austrian shares Those
Of the French-Austnan Railway have risen IN the
course OF the week twelve per cent Lombards seven
per cent credit shares six per cent, and all others
nave equally raised their price. The speculation Is
now exclusively directed to these shares, while Aus
TRAN funds scarcely maintain their price. Ameri
cans steady and fraction higher They cannot
follow the enormous ups and downs OF the New York
market; sim our bourse Is longer independent Of
New York quotations, since large amounts OF 1866
and 1SG7 have been taken III exchange for 1862
bonds. II this had not been done the price OF the
last named bonds would be entirely In our hands
The endless robbery in Erie bonds and the misnan-
agement OF this railway have so much disguised hold
ers OF American preference shares that no new
sales OF any American railway stock could be effected
hese and all exertions TO sell here Missouri Pacific
bopos have totally failed not single bond could be
sold the pablo press and public opinion having
made strenuous opposition Money Il again
cheap and some recent issues OF European railway
preferred bonds have been successful.
II appears that princes are more cautious than
municipalities. While our town, when free STATE,
had neglected 10 divide the town from the state pro-
perry, and is now victimzed by the PrassIan gov
eminent having Land their hands on the whole, inc
petty princes, fearing similar proceedings AZ future
day. most anxious 70 separate tneir domains
from the state property, 30 that wnen the atl day
should come they could claim ~ their privdte pro
perry what then really belongs 10 those states lney
will meet very little opposition tnereDy ny their
dwarfish Il gisatures
The claim made by Auatra to part or the property
OF the late confederation has been opposed by iia
vara and the other South German states, thesC ne
,ng with al their political productions most tena-
elm IN
The duchy of Dar,nstadt begins 10 feel the conse-
auences OF It's amphiblous existence. lne nor,e IN
ports belong TO the Northern Confederation. while
the southern are independent the expenses are
continually the increase, and Prussia does IN ths
country whatever she plcases. thus they are now
uniting their railways on Prussian territory on the
right bank OF the Rhine 60 those lines nom Basel 70
Mentz on the left bank or the Rhine by building a
bridge between Biebrich and Mentz. AS tins IL done
for military purposes they do not care as lnuch as
10 ask for the Grand Dukes concession. lnls coun,
Try nes, by the recent treaty OF peace. the most
miserable position Of all the German states
With regard 70 the Danublsn Princi2ailtles Aus
tra appeared 20 be greatly alarmed II y notorious
that Immense stores OF arms are heaped up there,
that the country Is the meeting placeo al malcon-
tents OF the TURKISH provinces aud that OIL tbs az
,ursnces oil the Roumanian Ministers are not worth
,he paper they are written on ~ 10 very iHey tna9
next sprng VIII bring tns state 81 aaairs 70 etss
mud thus only will u appear whether iouinana ls
supported Dy Russia aIid Prussia In opposition 70
Austria, France and England. Things woud theh
become serious.
FiouTisiipg state Of the Dutch Colonies.
The Second Chamber IN Holland, before cofnmenc-
Ing tue ulscusson ~ the Budget, devoted revera
eitungs 70 an examination VI tue colonial estnates
tue right Of fixing which, hitherto enjoyed W thC
crown, - now transferred 20 the Legislature NJ ",
WAL, the new Minister for the indies, IN the debate
the administrative system Of his department, de
clared IN favor oi progressive reform IA order u
arrive ultimately ~ entire liberty OF cultivation
with respect to landed property he spoke in favor
giving the natives Possession OF ground SUFFICIENT
for their susfenance he intended TO maintain forced
labor for pubic works, but 10 abolish il for the SER
Wees rendered 10 functionarIea; lastly, no consid
cred that tue colony gnt honcetOrth ne freed IRON
The paynent OF direct subsidies to tho mother coal-
tty with the exception or contribution To the cx
u6pae Of The army aud navy. Tie total O tile indian
isugeet AMOUNTS 10 1lg 1890 bOfins Of nolne ane
1864. ags forms VI expenditure. lesFin. sufDlw
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