Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-07-23
EUROPEAN MATTERS.
International ArbitratlOn-NeW MOneta-
~ System Of Germany-DOn Car
los in Spain.
From the n. Y. Evening Post.l
QUEEN VICTORIA ON INTERNATIONAL
ARBITRATION.

ARBITRATION.
| Those who suppose that the queens
reply to the address of the house OF
commons on the subject of international
arbitration means anything more than
| the courtesy of a polite answer, find
more in the words than the most san
guine advocate of universal peace can,
| by any strain of the imagination, fairly
justify. 1t is one thing to be sensible OF
the force of the philanthropic motives
| prompting a request, and another TO
comply with the request, or even to re-
gard it as practicable; and the queens
words appear to say that for the present
it is better to drop the subject, England
having, in the opinion of sundTy of her
own journalists, had enough of interna-
tional arbitration to last for several
years. Should it be suddenly deter
mined that there is to be no more war,
some curious economical problems in
Europe would demand a solution. There
is a curious relation between pauperism
and standing armies which requires
to be looked into, though on this
side of the Atlantic it is popu-
lar, except in times of wars, to
regard standing army as a pauper es-
tablishment. What would be the result
to Europe of the Liberation from idleness
of such vast multitude of able-bOdied
men? Is pauperism, as it now exists,
but one of the consequences of the fact
that European bOdies-politic are taxed
heavily for the support Of the non-pro-
ducing soldier? Abolish the soldier and
readjust the industry of Europe on ba-
sis of rendering all classes productive,
and would pauperism disappear? These
are not questions to be discussed now,
for the queens reply is not indicative of
the speedy session of an international
convention; but before the halcyon era
comes when nations beat their swords
into ploughshares, some Mr.. Mill of the
twentieth century must settle question
of ofpolitical economy, which in the days
of our grandfathers the world never eX-
pected to stumble upon.
THE NEW MONETARY SYSTEM OF CIR
MANY.
In order to thoroughly understand the
recent monetary legislation of Germa-
ny, as completed in the passage of the
paper money bill, it is necessary to re-
call the steps by which the imperial
monetary system has been elaborated.
The foundation of the structure was
laid in the latter part of 1871, in an en-
actment the first article of which pro-
vides that the imperial money shall be
of gold. This law was decisive of two
points. 1t abolished the several none
tary systems then in use in the German
states, and opened the way for the very
simple method, with gold as basis,
which has now taken as perfect form as
Is practicable under circumstances so
complicated, and with sectional jeal-
ousies not yet wholly laid. While as
suming the talent of gold as a
higher unit, the practical unit of
the German system is the mark, di-
vided into one hundred pfennige, and
equal to about twenty-five cents of our
money. The twenty, ten and five
mark pieces are gold, though the last Is
also coined in silver, and forms the up
per limit of the silver scale. The law
passed at the last session was intended
to dispose of the various schemes of pa
per money in use in the different prov
inces, and to replace them with an i'm
portant par"r founded upon the mark
system; anu with some points of COM
promise, consequent upon the opposi-
ton of Bavaria, this has been accom-
plished, and imperial Germany is one
in that important symbol of unity-its
circulating medium. 1t is not fiorins
here, thalers there, marks elsewhere,
but marks of the same value in all the
States, and mark-DOtes the emission of
which is regulated by law.
DON CARLOS IN SPAIN.
Don Carlos has entered Spain. The
cable says that this difficult feat was ac-
complished "amid indeseribabIe en-
J f1
special meaning nowadays, and NAV
be considered as a stereOtyped form of
saying something in cases where there
is really nothing to Ibe said. What is
more important information, the news
runs that he was accompanied by two
representatives of legitimism in France
and one CaTlist officer, and did not en-
counter a single gendarme on the way
from Bayonne to the foot OF Pena Plata,
on the Spanish side of the Pyrennes.
Except in the fact that his entry into
Spain at this time is indicative of the
secret support of the MaeMahOn govern
ment, there is nothing to discuss in
this last move of the Spanish defender;
nothing to suggest, save that it is
often easier to take a step than to retrace
ito get into hot water than out of it,
1t is barely possible that, by rapid ac-
ton, Don Carlos may be able to defeat
his enemies in detail; but there is no
reasonable likelihood that he will make
any great progress after crossing the
Ebro. Spain needs a strong govern
ment, but with the Alphonsists ON the
one hand, and the Carlists on the other,
there is little prospect of stability from
a king who, like the present government
in France, would be the mere puppet of
the clerical party. The difficulty is, that
the Ultramontanes now demand more
than the Carlists of Spain or the Legiti-
mists of France can guaranty, to-wit:
That the world shall stop moving,
that civilization shall retraee its
steps in the direction Of Medieval
ism, that what some hundreds
of years of travail and throe have ac-
complished shall be abandoned by man
kind. Less than this, the decline to ac-
oept at the hands OF their partisans, and
1t is impossible for the latter to guaranty
the rehabilitation of a state of safety
that is now, even in Spain, thing of
the past. Were Don Carlos on the
throne, ii would not besix months before
he would have to elect between priestly
influence and abdfeation. His tempo
rary success would not materially delay
the permanent republic; and his brief
reign could only serve as pause-as q
psnctuation mark--in the story of
spanish progress.