GERMANY 



xhftence of new classes of commercial 

 creation of instruments |<o*u . 



.* and wi 

 certificates, the inulti|.ln a it..n ..f ...mpanirs. 



on lire. i. 

 drr to 



lM.and was made 



leasing of thr 



all. *-.u !h. 











tha 



have 



rr?ial la* 



..until.* til r- 



r inaii 



l*'llatin* 



II l< |<rrinlt the 



. --Ill leal aMMIfl.. 



lie repeal ravy'satf |*ra- 



gni|.h- in the .rimii .Hale 



* 



irtstions and of private person* > ut- 



in the bosom of thnr families, and tu draw 

 m^.ii U ,t| as 



nal mul (how recently uttered by the Km IN r- 



|M>nenl ' .irv navnl 



irrie*! through 



:ralin fnmi tin- I 



rial aoloniat will devel 



Omouit institutions, prcwn. ill. ir languap 

 custom*, ami pre-er 



connection with the fatherlai i rans- 



vaal in tt.e r..|..nist ran al- 



! -lineal prestige of the empire; a* far as 



poMthle Alto to German transmarine pass* (ions. 



Oonpanic* Hi!.: - will 



-v ami by |x.lilic-a 



!> whVrev- 'I'any w * 



omniwd in Hamburg to take over a 



tin- Itraziiian State of 



(atarinn. with a railruatl l.ji.lm- to the Ciennan 



culonies already etal>!i^ P. IIM-I-.M t<> 



transport German emiirrantit will lm\. (> lie ob- 



il 1. 1MH, f r ,,i,, 1 1,,, (irrinaii Omn- 



h tin- av 



^'rnnted to German rabje< 



WOM grantee! to a tut mpany ..r i i: 



an lie canceled by the came authorities. 

 til provide* thai commU shall be app. 



irkation appn \ < Govern- 



r-.iwt the inti-iv-t* that 







aim mi I ; thnt .1 Imn-au of in formation 



hall ) f ini^ra- 



IIH are f 



uml wluri- tlii-n* i- ilu bert 

 prm| in nnlionnlity I- m- j.. r- 



tnd relation* to tl TV Iteing 



i. Thr <i"\ rmnent jametl a deem 



month* to 



niericans vi-iiini; th-ir i>ld home, al- 

 ii the irea- 



r an unlic 

 ns not guilty 

 :u'tiin. 'I 

 protested against tin- ilifTerential .Ji/-.. - :M.; - 



he preoure bronchi 



tat.- the reprisals again < 



os whi.-h wore threatetiol in the 



natic note. The Reichstag brought to an end 



judicial promv 

 aa not pas**d after 



principle of an appeal in criminal cast*, refused to 



.,.-.,..,. *-.*, . . . 



. : ...... v : , ' _ 



the sale of butter and margarine on taw same prem- 

 Ine 

 ana of identification, and re- 



...-. ....... 



partly restoring the medurval systeai of 



" , , '. :; -.-.'- . ... . 



i-'. '.- ! ... " .'" ' .' ... . 



.- .. . ' -,..- ',.-. 



w,, 



. ndoiM 

 Lroducti 



t" the Asiatic line, met 



O from mal MM. r. - that they 



Bring artill-ry was ap- 

 hebodget, presented by 



Mvai for loms man ing me iouu i 



nditure 



ami nonrecurrent expenditure 9Q.17tJW 

 we in the wU, 



;::.:H-I . \]-.- lab, ;:.._. ' - - . : 

 r 1MU6 had been 



eacbers. The 



- of W.000.000 marks instead of 



>f the revenue to the unprecedented SUB of 

 lilroads and industrial undertakingTofthe 



of the railroads 



r of Finance adhered to ' 

 f furt her l.uil.htu- up these enterprisrs i 

 traordinary outlay and creating a reserve fund to 

 meat yean of depression. The extraordinary and 

 unexpected prosperity of trade and traffic had oe- 

 . urretl so suddenly that it could not possibly have 

 bean aatiefpatad. He has sought to carry oat this 

 latter I- in v in n-ptnl to the general finances of 

 Prussia, and has laid before it 

 for n |NTiimm nt ft. .lam-ing the budgrt 



1 p!:i'- :<vttk>n to 



contemplate with i|uaninn(y the advent of maas* 



liture imposi- 



I, t .- V .,._,; ; v /.>'.. , : 



thus smooth the peli for any kind of legislation di- 



<,e*.cialandpoliticn 



1 ! ::. raM :: 



permanent augmentation 



,N.| law O.UOO.OOO marks more, the 

 (wrtofwhieh in future yram will be met bv tha 

 tol by the conversion of the Proa- 

 Man 4 I-TI. ntv It *., . n!> the middle class of 

 oftciaK receiving lass than 11000 marks a year, 

 that was benefited, except undersecretaries of state, 



I. those of 



;i|irv. and provincial presidents, whose posts 



M- that :nen could 



accept them wr rra.e in the emoluments, 



-tale railroad* in 1H9? were exiierled to bring 



in an inrrvaned pmflt . .f .'W.000.000 marks, caitome 



ana.l.lition.1 yi, 4)0.000 mark*. Mate mines 



t taxes 1000,000 marks. 



Mamp-i S.000.000 mark*, and the surplus at the end 

 of th. :.| amount to over 80.000.000 1 



Tha enforced conversion of the 4-tr- * 

 to 3| per cents, was to be completed by Sept. 30, 

 1W7, when the new rate , f interest began. Tha 



