The New York herald., 1869-06-23
GERMANY.

Obnoxious Taxes Rejected-Nnrr0w.Sighte
POlicy-Rid;cMlOus Interference-Ehect of
MIR. MotIey's Speech af LiverpOol-Result Of
the Bayarian ElectiOns-Grumbling About
Army Expenditures-What is Thought Of a
French War-EmigratiOn.
FRANKFORT, June g. 1869.
The taxes on transactions Of the Exchange and
the stamp duties on foreign bonds were rejected
on the 10th by the North German Rechstag by con-
siderable majority and 1t Is reported that even
Baron Rothschd has voted on this question with the
majority. The proposed tax was proof Of the
stupidity of the nobility in commercial affairs 1t
would have killed the business and crippled the in
come OF the State instead of increasing 1t.
We witnessed here last week another curious in
stance of the meddling Of Prussan officials in COM
mercial transactions. foreign merchant bought
here some iron goods and small quantity Of old
iron, paying for the same and getting 1t shipped.
The man was arrested for Infringing the law, by
having done business without having the necessary
license for the same. The man was actually buyer
or goods which he took home, without intending to
sell them in the blessed Prussian Kingdom, and
foreigner, going into shop 10 buy watch, could
get into trouble on the same principle The case has
created here no little sensation, and Will be finally
decided by the courts; but, meanwhile, the iron Is
lying here on the quay awaiting the decision OF the
Judges. This ia the sagacity OF PruSSian noblemen
and government officials. Business IL again very
animated on the Exchange, and American securities
have risen one per cent In consequence oil Mr.. Mot
leys friendly speech at liverpool which dispels the
anxiety hitherto prevalent about the Alabama af1ar.
Still our market Is yet Overstocked. as large
amount Of stock had been taken up by spectators
when prices were low in accordance with the nigh
premium on gold II everything remains smooth
few months will suffice to clear the market again.
The elections in Bavaria have given no decisive
majority to either party Still IT Is remarkable that
so many members OF the ultramOntane party could
be elected, only for the reason that they are the
most trustworthy in all questions regarding more
close connection with Prussia. People In the South
are frightened be driven by the moderate liberals
into the Northern Confederacy. and to have then
northern brethren. They want to avoid this
the more now, when, IN consequence OF the
French elections, all apprehensi0ns about war with
France have ceased. The French Emperor has now
quite enough enemies at home not to seek others In
foreign countries and he cannot afford henceiOrth to
draw his garrsOns from Paris and other large towns
as he did during the Crimean and the Italian wars
1t undsputable fact that tue German unity can
only be brought about under French pressure; and
that Prussia will lose partisans whenever France
does not threaten to interfere In German affairs. As
soon as this Is the case this peaceable German
nation begins to murmur about the extravaganza OF
the military expenditure. They ask, what are
million OF soldiers good fors Could they not spend
their time more proftably to themselves and to the
country at large II they worked In fields and shops.
instead OF being drilled and idling In barrackss BE.
sides this large military force Is only the means OF
getting into trouble with foreign countries.
Our papers are filled with hue and cry against
young men who have emigrated to America without
asking for the permission OF the government thereby
avoiding military service. IL taken up now they
would be dealt with as deserters; IN nve years they
might return scot free as the citizens OF free repub
lie and under the recent treaty snap their fingers al
their former masters. Can 1t be wondered at em
grafton to the United States Is always on the In
crease?