The New York herald., 1869-05-29
GERMANY.

The Alabama Excite mont Effect OF sumner's
and Chandler's Speeches-American Bonds
An Unsettled Money Market-COnndenee In
United States Securities-An Obnoxious Duty
60 BE Imposed ON Foreign Bonds.
FRANKFORT May H. 1853.
While European politics remain In q state OF per-
feet quietness and even sensation rumors have
ceased we have been startled by the sudden revival
OF the Alabama question. The speeches OF Sumner
and Chandler have made great impression in this
country. The democratic press make the most OF 1t,
and the consequence Is that people believe that
America seeks pretext for war with England.
Country people who had already prepared for emi-
grafton prefer to remain where for the present they
live in peace and all Investments American bonds
have ceased. while small holders, frightened
for their little property, throw their bonds
ON the market. This Is the more 70
be regretted. as the London market is now
flooded with bonds, and would have found relief
here As 1t is, the large amounts sent hither from
London have been taken after fall from 81 to 81,
by speculst0rs, who at the least recovery will sell
them again. so that our market will remain unsettled
for some time. A steady improvement can only take
place whenever the anxietles about serious df1cul
ties between England and America have been re-
moved. Nobody believes that England will strike
her flag.
Last Saturday transactions to an enormous
in from London with orders for sale. Such is the
confidence OF our spectators In the wisdom OF
American politics, though the speeches might ap
peal FOOLISH that between "a to 84, all bonds offered
were readily taken, and when next morning q
recover was reported from New York the
In consequence OF further sales bank account to
S5. with rsgard to other funds our Bourse remains
animated, asm0ney ts plentiful, and no political ap
prehensions exist. Our corn markets remain dull,
and wheat ana rye only saable for instant delivery
The rise IN the English and French markets mad no
a ofn opo nj anti nj
weather s very Promising for the crops. Only rape ID
In request as the State of the plant asfact0ry.
This would open q LARGE market for petroleum were
It not for the stupid taxes Prussia proposes to lay on
that article
The stamp duty OF ole per cent to be laid on all
foreign bonds circulating the North German Con-
federation Is equivalent to oal prohibition future
remlttances OF American bcuds all tra1lc therein
must cease II we are one per cent dearer than Am
sterdam, Paris and London Baron R0thschild our
now left for Berlin to try whether It II
possible to teach common sense to Prussan think
ers in commercial AFFAIRS The whole plan Is as IRA
tiOnal as possible 1t can produce nothing, because
no foreign orders will come here hencefCrth and q
profitable trade will be made over BY Prussia to
other places out OF her reach The Chambers OF
Commerce OF Berlin, Hamburg and the Rhenlsh prov
lnceS are Sralnng every nerve to prevent the bass
ing OF this mschevOus law. Still all will depend upon
whether the deputies can be convinced that they win
post and the telegraphs than the contemplated tax
likely to produce. 1t Is IN such instances that 1t be-
comes manifest to everybody that in Prussia every
thing Is subservlent to the military, and whenever
the King wants three more regiments or lan0erS OF
hussars, trade, industry and commerce may go to
pie who have not the rem0test idea or their cOnse-
QuenceS.