Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-11-25
BUDGET AND LOAN.
OpsHrsG OF rHs GERMAN REIcHsTAa
TUESDAY
ResoHItruetion Of the KAvy-Ths Speech
from the Throne Continues to Fill
the Public Kiad.
tcopyrighied, isss, by the New York Associated
prngal


regssenbie Tuesday, when business will
open with a discussion Of the budget aud
loan for the reconstruction OF the navy. The
speech from the throne continues TO OIL the
pubic mind. An exaggerated optimism re-
gaFding abiding peace replaces pessimistc
forebodings current prior 10 the delivery OF
The speech. The speech Is undoubtedly as
pacific a. the forecast given lest week, but
II Ia misinterpreted II endowed With charac,
Ter OF being an absolute assurance OF peace.
The most significant passage ia the para
grapa referring to foreign relations was the
Emperor's declaration that his aim was
"freden und wohiast III zichern SOVIET
dies Won Unzrrn Willen obeuhaght "-there
is here nothing beyond protest; that so far
AZ II depends unou the Emperor his policy
will be pacific. The concluding SEN
tence, referring 10 tho confidence shown
In his Majesty during hls tour az
iustiiJng The hops OF being able. with Gods
help, 70 maintain tue peace OF Europe, has
been read - indicating the promise that the
Gar, besides the allied mouarchs, will assist
! IN preserving peace. II il officially known
that the Emperor did not iutcnd to convey
sn improsslon other than that he and his
allies earnestly desired 10 avert war.
The semi official Rost aad Cologne Gazette
| are nov trying 70 tone down the public feel-
! ing to lower pitch. The Post warns Ger
manv that the situation does not justify the
sanguine eXpectance tbat pesce Is permanent;
| that II IL foolish 10 suppose that war depends
alone upon a decision OF The soveEeigns; that
The difficulty threatening Europe Il not
! France alone, and that the Emperors hns
Ciuge means simply that he is preparing with
resignation to face the most serious ia Z that
/ can be placed on the chief 81 a great nation.
| The Cologne Gazette SAYS The speech IL
pacific only IS FAR a. we sud our allies are con-
cerned and is reserved regarding others with
| Whoss decisions We have no influence"
The Austrian Oficia fremdemrlott says
/ the mlniicsto passes over Germauy's I'M
mcnse military apparatus 10 silence a. 20
well known A. 10 render the reference 70 &c
super1uous. The Emperor tells us simply
| that Germany will not have 10 endure the
| miseries OF war unless she cannot help II.
/ These reliable comments are already assisu0g
/ 10 counteract tho fantastic reports 10 the
/ effect that Bismarck IS feeling ais way to-
wards the general disarmiug.
rhe Yienaa papers originate the ide' that
! the Euronean Congress should determine the
/ basis for the universal League o. peace. From
! the same source come The rurnDrs that the
| chiefs Of the German empire 20 dread The re-
suits OF war that they are ready to max sac
rfoos TO secure the Faith rlanl against az
/ erosion. These unworthy suggestions sp-
! Dtar % re'cr 10 The surrender OF Alshcc-Lor'
/ raiuc, which is an impcsi0Ility while GER
mauy remains united. In the mean time,
| Instead 81 preparing for peace, the
/ millennium governments are seeking 20
/ develop the sneWs " var, Austria
/ Hungary has obtained smilltsry loan, Russia
/ snd France are raising credits. and fusl-
! " our new German naval loan ia recognized
asa necessity Of national defence. 10 viii
! be voted by the Relchs'sg without prolonged
/ di'cussisn. 10 Is universally the feeling that
| n Germany seeks her colonial expansion to
compete with any success against the
! English stroag feet is hfst essen
/ iial. The navy budget shows an I'M
/ mediate increase OF 1000 officers, lId
the extraordinary naval budget proposes
m increase OF 2,796. 900 marks, but the
! aciual increase. owing to the grst iOstalment-,
/ FOR tie addition to the fleet amounts u
! Sgj. 00), coo marks, covering the completion
! o. four ironclads, two torpedo vessels, and
one cruiser. The report gains credcnce that
! bismarck means to assist the Treasury by an
/ increase Of the tobacco duty. This Mill Dc a
step toward the realization Of his isvorile
project OF a government tobacco monopoly.
! The Emperor, after openiHg the Relchsisg,
! left Tor LetZlinger on a shooting excursion
with the Duke OF AOsta and the ArcnduAe
/ Ferdinand. The party returned ts-aay.
! The Duchess Of Aosta was warmly received
/ BY the Empress. TIE imperial family IS now
| located for the winter season IN the old
schoss occupying 4 suite Of rooms on the
first and IeCond Aoors looking on
The scbloss plalz This Emperor suddenly
decided few weeks $40 10 occupy the
scbl0ss. which Wa deserted a. a town resi-
/ 4. It,- la Of
| Tho diniog- and driWng.rooms are draped
with gO5ehn tapestry, and have richly Silt
ceilings. The walls otths EBper0rs work
ing.offlce are covered vita embossed leather
and with florsl band. paintings. number
Of selected paintings are placed about the
rooms An electric ligh, sottened bT
shaded gllss. iilumuultes the whole. The
renewal 81 the apartments was dene under
the Empcror's instruction. The exist
ing art resourccs Of The schIoss have
not been touched. I'm the new suites
everything j. new. The pew Russian loan
is announced 10 be issued on December TIA.
In the mean time G-rmany's holders on
Russian securities ore assiduousy seillng.
/ finding Psrls wiling 10 absorb All Alnas OF
| Russian securities. The ready suylug nv
foreign boUr5es, combined WIKI the anthori-
tatiye announcement Tia, The contract stpu-
laic1 inst tue loan sNhli nc ueth e't1it iol thp
convrrsIon Of 1877 bonds, has mainilined
the prlce OF Ru,sians and hardened quota
tions o. The r0ubles. which closed At 2J95o.
Gold movements are eaKeriy watched aud
efforts are being made 20 take aold from
! London to meet The outflow to tbe Argentine
Republic. The RDchsbank Rssists by inu-
mstiug iis readiness 20 give advances Tree ot
interest for six days Wnen dcstned 10 eA-
port gold from Fnelaod. Tbe reduction OF
The baak rate 50 % 81 per cent, with tho
! lower rate OF chsnge Ga London, has helped
The inaoW OF gold into Germany.
Inquiry regarding Professor Gelicken
/ tends 10 clear hin Of all suspicion OF "a ia
/ teutioH 70 enbsrrass the Government by bis
revelation. Tue correspondence seized at
/ Baron Won RoQsen bsch's house proves that
/ Professor GelIckea was careful In bis revision
/ Of the diary, and thst The extracts were
compared with Fredericks notes, which
/ we're often found ~ be mSdlted aud ilIegl-
/ Die.
Il is reported th.t the Grand Duke OF
/ Baden Il trying 70 induce the Empsror 70
/ drop the case. The pamphlet entitled
/ "Anch Elm programme der 80 t0ge" has
/ been prohibited. Il attacks Prince Bis
marck, affirming that Frederick did not con-
/ cell his intention to dismiss the Chancellor
az soon as possible after descending The
/ throne 10 form an alliance with England and
| 10 effect o settlement with France by re-
/ storing mart d Al.ace- Lorraine.