When Sir George Head published his "Bubbles," he set people almost as mad as they were during the great "Bubble Mania;" and like all the mining and other associations, they have proved but bubbles at last. It is said that one hundred and thirty-five thousand passports were taken out last year to go up the Rhine, by people who wished to see the pigs go through their daily manoeuvres, to an unearthly solo on the horn, and to witness the decapitation of the Seltzer-water bottles, which were condemned as traitors. Now, so large an influx of people to these German watering-places could have but one effect; that of a glorious harvest to the innkeepers, and those who had lodgings to let. The prices, at these places, have now become so enormous, that three florins have been asked for a single bed, and everything else has risen in the same proportion. The reaction has now begun to take place, and every day and every hour we have carriages returning through Liege, and other towns, from these watering-places, the occupants holding up their hands, quite forgetting the pigs and bottles, and only exclaiming against extortion, and everything German. They have paid too dear for their whistle, as Franklin used to say; the bubble has burst, and they look with regret at their empty purses. And yet, all that Head said in his amusing book was true. He rambled through a verdant and unfrequented lane, and described what he felt as he stopped to pick blackberries. An immense multitude have followed him, the green lane has been beaten down into a high road, and, as for blackberries, they are only to be procured at the price of peaches in May. And now let us reflect whether the bubble will not also burst with the Germans. Formerly they were contented with moderate profits, and received their visitors with humility and thankfulness. Now, that they have suddenly made large profits, they have become independent and unceremonious; and, like most people, because they have reaped a golden harvest for two years, they anticipate that it will continue. The value of property at these places has risen, speculations have been entered into on a large scale, provisions and the necessaries of life have become dear; new houses are building against time, and the proprietors smoke their pipes with becoming gravity, calculating upon their future gains. But the company will fall off more and more each succeeding year, although the speculations will continue; for people always find a good reason for a bad season, and anticipate a better one the next. At last, they will find that they are again deserted, and property will sink in value to nothing; the reaction will have fully taken place, prices will fall even lower than they were at first; honesty and civility will be reassumed, although, probably, the principal will have been lost. Thus will the bubble burst with them, as it has already with deserted Spa.