The Conservatives distrusted the financial activity which centred round
the Exchanges of Berlin and other towns, and in this they had the
sympathy of Agrarians and Anti-Semites, as well as of the Centre. The
Agrarians believed that the Berlin Exchange was partly responsible for
the fall of prices in corn; the Anti-Semites laid stress on the fact
that many of the financiers were of Jewish extraction; the Centre feared
the moral effects of speculation. This opposition was shown in the
demand for additional duties on stamps (this was granted by Bismarck),
in the opposition to the renewal of the Bank Charter, and especially in
the new regulations for the Exchange which were carried in 1896. One
clause in this forbade the dealing in "futures" in corn, and at the same
time a special Prussian law required that there should be
representatives of agriculture on the managing committee of the
Exchange. The members of the Exchanges in Berlin and other towns refused
to accept this law. When it came into effect they withdrew and tried to
establish a private Exchange. This was prevented, and after two years
they were compelled to submit and the Berlin Bourse was again opened.
Political bargaining.
Political parties now came to represent interests rather than
principles. The government, in order to pass its measures, was obliged
to purchase the votes by class legislation, and it bought those with
whom it could make the best bargain--these being generally the Centre,
as the ablest tacticians, and the Conservatives, as having the highest
social position and being boldest in declaring their demands. No great
parliamentary leader took the place of Windthorst, Lasker and Bennigsen;
the extra-parliamentary societies, less responsible and more violent,
grew in influence. The Anti-Semites gained in numbers, though not in
reputation. The Conservatives, hoping to win votes, even adopted an
anti-Semite clause in their programme. The general tendency among the
numerous societies of Christian Socialism, which broke up almost as
quickly as they appeared, was to drift from the alliance with the
ultra-Conservatives and to adopt the economic and many of the political
doctrines of the Social Democrats. The _National-Sozialer Verein_
defended the union of Monarchy and Socialism. Meanwhile the extreme
spirit of nationality was fostered by the _All-deutscher Verein_, the
policy of which would quickly involve Germany in war with every other
nation. More than once the feelings to which they gave expression
endangered the relations of Germany and Austria-Hungary. The persecution
of the Poles in Prussia naturally aroused indignation in Austria, where
the Poles had for long been among the strongest elements on which the
government depended; and it was not always easy to prevent the agitation
on behalf of the Germans in Bohemia from assuming a dangerous aspect.
Public-domain text, read in full here on John Shaqi.
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