Foreign News.

Manawatu Herald, Volume III, Issue III, 28 March 1890, Page 2

Foreign News.

» Prince Bismarck Besigns. Germany and the European Continent have been disturbed by the rumours of Prince Bismarck having desired to resign the offices he held. The German and foreign Press are full of articles in praise of Prince Bismarck. There is less excitement in Berlin than in the other capitals the inhabitants having great con! fidence m the Emperor. The Bourse is not affected by his resignation. De Caprivi, late Chief of the Admiralty, is mentioned as his possible successor. It is Btated that the difference between the Chancellor and his sovereign was chiefly on the domestic and economic policy of the Emperor, hoping to conquer democracy after satisfying the just aspirations of the working classes, while Prince Bismarck is opposed to the Emperor coming into closer contact with the people. A Council of Generalg will meet the Emperor to discuss the political crisis. The Emperor was subjected to strong pressure to settle the difficulty. Ho himself and the Grand Dukes of Baden and Saxe Coburg Gotha, as well as the Chancellor's colleagues, implored Prince Bismarck to withdraw his resignation, but .W was obstinate. The step- he has taken is variously ascribed to the Emperor's labour policy, to failure to conciliate Dr Windhorst, leader of the Centre Partyi to reviving the influence of the Emperor Frederick, and a parsonal enmity of Opposition leaders proving an obstacle against combination to defeat the Socialist element. It is considered evident that the Emperor intends to be his own JChancellor. Probably Prince Bismarck will retain an Honorary position. The Continental press considers thafrFrince Bismarck will continue to be a potent faotor in the German Empire. The ex-Chancellor pleads bis age and failing strength. Bismarck's resignation has been gazetted. The Emperor has published a special order, in which he expresses his regret that the separation of the Chancellor and himself was unavoidable. He further states he will 4ver hold Bismarck's services in grateful memory, and pays a tribute to his wise and energetic policy in the interests of peace. He has presented the retiring Minister witlj a lifesize painting of himself. Bismarck has been created Duke of Lauenburg, and appointed Field Marshal. The appointment of Herr de Caprivi to succeed Bismarck 5s confirmed. It is reported that Herrde Boetticher will become President of the Prussian Ministry, and that Count Herbert Bismarck will probably go as Ambassador either to Paris, London, or Constantinople. The crisis has caused a heavy fall on the Paris and Vienna Bourses, but has only been slightly felt on the London Stock Exchange.