The New York herald., 1870-01-14
GERMANY.

Secretary BoutwelPs Report the Frank
fort Bourse-sales Of United Statcs securi-
ties-American Competition for Capital
Political Movements and Aspirations-French
Inierests-Tho Papal COuacil-City Life and
Brilliant Society.
FRANKFORT, Dec. 2s, 1859.
The financial report Of Mr.. Boutwell, has not made
favorable impression. The excellent state OF the
finances was known beforehand; but the corrobo-
ration OF the reports about reduction OF the inte-
rest induced many holders to sell. Money Is now
worth ave 70 six per cent In this country for the
very best investments aud the time ts therefore, Ill
chosen to orer four and half per cent interest
foreign bonds. The high price OF English consos and
French rentes has nothing to DO with the question,
for our people do not buy them. They are mostly
Tor long years IN the same hands, who keep them;
ana, though everybody might admit, with the
Secretary for Finance, that the credit OF the United
States equal to that OF the very best States there
is 80 large demand for capital for railway pur.
poses ID Germany, Austria and Russia that the I'm
menss majority OF American bondholders Will not
accept present interest OF four and half
per osnt and that Mr. Boutwell, ought to be satisfied
that French and English capitalists will step In for
German holders before ne comes forward with his
proposal.
Bcsides European bonds there IL such competi-
ton for capital on our market account OF Ameri-
can States ana companies mat people VIII find no
diiculty in Investments. There are seven per cent
California State bonds sold this week at 92h; st.
Louis city bonds per cont are sold at 7s Chicago
ing list OF railway mortgage bonds ali offering seven
per cent on their bonds ct 70, an offer Of four
and . haf per cent on United States bonds has not
nHsnss %aas v oe moss s.. ana se hsss SaSs
~ s Sn Of ne all Of tho sa .d am
and half per cent to Take them ct par or some per
try whether they can make prodt BY commission
without any risk. They. at least, ought to know
better i've per cent ten-Ortios redeemable in 1874
are sold here at eignty.seven per cent.
There is very little to report about politics. There
is no more going on In southern Germany than IN .
over. The utramontanes themselves have been
afraid OF their victory at the elections aud would
TWO Of the old ministers nave been replaced by 9th
OF the same political party and all remains az 1t
was i would nave ossn sa on she part
npon g NaposSa a9. now =. hands full with inter
ass SSS'fs sna H. aS ssans Ass xs q
dirersnt nationahties. II the Grand Duclt y BadM
liberal ideas are triumphant; government and
as the civll act for marriages, the en-
largement OF the suffrage, and the de.
her under the sway OF the German Diet. In Wur-
temberg democracy has the upper hand, and this
small Kingdom ts now the most free OF all on the
European Continent.
With regard to the Ecumenical Council the lairy
are already at lOggerheads with the clergy. and II
anything OF Importance were TO be enacted at Rome
new schism Il very probable In this country. The
Catholic clergyman or our Protestant town, whcn
has . community Of about 200 people, has re-
signed, though he was universally respected for his
character, a. he wanted to influence the schools,
which was denied to him by the Catholic board.
This o0ldneaded German people, SO very compr0-
missing about politics, ts not TO Do trlied with in
regard religious matters, and II the Roman pre-.
10 make science retrieve her steps In this country
they are highly mistaken.
For many years there was not 30 brilliant gea50u
~ this. Our rich bankers and merchants who have
made large profits In the course or this year, are
vying with ea0h other In luxurious balls and even
ing parties. In every part OF the town the windows
arc brilliantly illuminated In the evening. and our
the exit OF the Diet The dinner parties equal to
all that In done IN that line IN Paris and London
Subscriptions for building new theatre nave been
opened here this week. and the list OF those who
securing q box subscribe for 10000 nOrins to be
paid at once, besides tne annual charge, has been
oiled in . few days.
would succumb under the Prussian rule has not been
borne out. There u vitality In commercial life
which the worst sway Of the Junker party cannot
destroy, and whatever this last can do to make
themselves obnoxious they do mos neglect for sin
gle oay They are. therefore, living here like her.
mtts, totally excluded from all society, caste OF
their own, stunning every ono and stunned by
military stiffness render them un1t 70 mix with the
DOpulotl0D.