THE TREATY OF PEACE.

Grey River Argus, Volume III, Issue 138, 29 November 1866, Page 3

THE TREATY OF PEACE.

The ratifications of the treaty of peace were exchanged on the last day of August, and the terms are substantially the same as the preliminaries; signed at .Nikolbnrg in July. It is noticeable that, by one provision, the northern parts of Schleswig are to be restored/ to Denmark^ if . th,e

people declare their wish so to be reunited by a free vote. With all the minor states involved in the conllict peace has also been formally concluded, excepting with Saxony, where there has been some difficulty. The Prussian Government, while allowing to Saxony her territorial rights, has insisted on the absolute control of the !iaxon army; thus reducing the kingdom to a nominal power ; aud it is now said to rgquire the surrender of the fortress of Ko'nigsteiu as a condition of do unite negotiations. It has been supposed that the old King will abdicate rather than reign thus shorn of his sovereignty. Events move quickly under Count Bismarck's superintendence, and delays cannot long avert the decision he may decree. The Prussian Parliament has wisely abstained from lengthened discussion on the Annexation Bill, which has passed tho Lower Chambers by an overwhelming majority. But it is doubtful if German unity can be bounded by the Main. There have been demonstrations in favor of union with Prussia in Badon, Wurteinburg, and even in Bavaria. It is characteristic of the undercurrent that, although in Bavaria the Upper House of Parliament, indignantly rejected the suggestions, tho Lower House, in giving assent to the treaty of peace, recommended the closest union for all military purposes with the North German Confederacy.