The Treaty of Dresden can be read in Scholl, Flassan, Rousset, Adelung; but, except on compulsion, no creature will now read it,--nor did this Editor, even he, find it pay. Peace is made. Peace of Dresden is signed, Christmas Day, 1745: "To me Silesia, without farther treachery or trick; you, wholly as you were." Europe at large, as Friedrich had done, sees "the sky all on fire about Dresden." The fierce big battles done against this man have, one and all of them, become big defeats. The strenuous machinations, high-built plans cunningly devised,--the utmost sum-total of what the Imperial and Royal Potencies can, for the life of them, do: behold, it has all tumbled down here, in loud crash; the final peal of it at Kesselsdorf; and the consummation is flame and smoke, conspicuous over all the Nations. You will let him keep his own henceforth, then, will you? Silesia, which was NOT yours nor ever shall be? Silesia and no afterthought? The Saxons sign, the high Plenipotentiaries all; in the eyes of Villiers, I am told, were seen sublimely pious tears. Harrach, bowing with stiff, almost incredulous, gratitude, swears and signs;--hurries home to his Sovereign Lady, with Peace, and such a smile on his face; and on her Imperial Majesty's such a smile!--readers shall conceive it. There are but Two new points in the Treaty of Dresden,--nay properly there is but One point, about which posterity can have the least care or interest; for that other, concerning "The Toll of Schidlo," and settlement of haggles on the Navigation of the Elbe there, was not kept by the Saxons, but continued a haggle still: this One point is the Eleventh Article. Inconceivably small; but liable to turn up on us again, in a memorable manner. That let us translate,--for M. de Voltaire's sake, and time coming! STEUER means Land-Tax; OBER-STEUER-EINNAHME will be something like Royal Exchequer, therefore; and STEUER-SCHEIN will be approximately equivalent to Exchequer Bill. Article Eleventh stipulates: "All subjects and servants of his Majesty the King of Prussia who hold bonds of the Saxon OBER-STEUER-EINNAHME shall be paid in full, capital and interest, at the times, and to the amount, specified in said STEUER-SCHEINE or Bonds." That is Article Eleventh.--"The Saxon Exchequer," says an old Note on it, "thanks to Bruhl's extravagance, has been as good as bankrupt, paying with inconvertible paper, with SCHEINE (Things to be SHOWN), for some time past; which paper has accordingly sunk, let us say, 25 per cent below its nominal amount in gold. All Prussian subjects, who hold these Bonds, are to be paid in gold; Saxons, and others, will have to be content with paper till things come round again, if things ever do." Yes;--and, by ill chance, the matter will attract M. de Voltaire's keen eye in the interim!