The New York herald., 1870-04-23
GERMANY.

The Anti-Uni Agitation south-Failuro Of tho
observation-disclosures Policy and Local Con.
ccssions-Franlsfort City Progrcss-American
Securities and Finance.
FRANKFORT. Aprll 7, 1870.
The agitation against the Prussian alliance and
the military establishments In South Germany have
ended, as every cool-minded man mad foretod, by
signal defeat Of the agitat0rs. In WiirJemberg o
change OF ministry has taken place and some relief
OF the military chrages have been promised, which
could easily be conceded In these peaceable times;
but at the same time 1t has been declared that the
treaties with Prussia will be upheld and the great
majority the people contented thereby the vic.
lent demagogues have troubled themselves without
avail. In Bavaria things will cake the same course;
the military expenses will undergo some reduction,
but In the main nothing will be changed, as the
government will not enter into q policy by
which 1t would be reduced to .he inevita-
BILE alliance OF Austria. The events OF last week
IN this latter country are not OF nature to render
her alliance coveted by other States. The poly
glotism has succeeded In breaking up the liberal
mnlstry-the ministry OF citizens, 1t was called
and their SUCCESSORS wih at all events, be noblemen
whose liberalism has yet 10 be tried. The German
party In Austria, the only one ON whom the state
can rely under all circumstances, who commands
fveeighths OF the wealth OF the country, and who
bears the main part Of burdens OF the State has
succuniDed under the pretensions OF the Poles who
should be glad to nave evaded the miseries OF a
Muscovite rule, and OF tEe CZechs in Bohemia aud
the Savonlans IN Styria, who can only pretend to
q mock nationality, as they have no literature Of
their own, and as Their idiom IL not under.
stood beyond the narrow districts they live in.
In the Grand Ducny OF Baden Whole series OF
liberal laws have oeen enacted which render this
country q pattern OF u sell-governng people. IL
is not possible TO have more liberty than there
under any monarchcal government, and even Eng
land, with her antiquated laws and forms and In
carnate arisoclacy, cannot boast OF similar state
OF things.
Our town continues to prosper, and the great
profits which have been made here by investments
IN American funds at low prices begin to transpre
The large hotnouse5 palnen gardens which nave
been built by voluntary subscriptions and filed with
the plants bought OF the Duke Of Wass0r1a Will be
opened on Saturday prove one OF the greatest orna
ments Of this town. Half million or forlns have
been made over by voluntary contributions to the
magistrate for the construction or an opera house.
the old theatre being maintained for plays, large
number OF new buildings Will be raised this spring,
rs the population IS increasing by large Influx
from other parts OF Germany.
RealizatlOns In American funds have now ceased,
and prices are well maintained. With regard to
mortgage bonds, the last issue OF 5000 900 oregon
Cali0rnias ut 725 has been successful; but with this
the issues appear be at an end for the present.
The market is gutted with these securities, and
from all other places subscribers bring their stock
here on the market An issue Of $4,000, 600 Port
been filed up Prices are dropping, and the differ
ent kinds OF stock are offered, some OF them being
euppOTlcu ny buc DIOuOtClSs 0uOuu LuS COuNcIbiOu
OF American bonds De suspended for this year, new
projects OF American railways have very poor
of Austrian, Hungarian ana Russian ral.
ways will be stopped thereby, as these
capitalists VIII stick to their American bonds,
gu to contented with the revenue they oraw there
from. ana DO not look out for more, Some new
banks have been started recently, one at Hamburg
styled the Commercial Bank; another at Berlin un
der the name OF Deutsche Bank, and another al
Carlsruhe the Badische Bank; the last one having
the prigilege o. issuing notes. maintains herself In
power, while the two Others command no premium
| Foreign exchange continues hign, while money Il
| cheap enough; discount 2A per cent. 1t Is verJ
likely that the numerous calls which will be made
on not fuy paid up shares Will raise the rate OF IN
terest As yet all the new Issues have failed 10 maxi
| an impression on the money market.