of theaters, concerts, and the daily sights, and one page devoted to some prodigious yarn, generally concerning America, of which country its readers must get the most extraordinary and frightful impression. The "Nachrichten" made the fortune of its first owner, who built himself a fine house out of it, and retired to enjoy his wealth. It was recently sold for one hundred thousand guldens; and I can see that it is piling up another fortune for its present owner. The Germans, who herein show their good sense and the high state of civilization to which they have reached, are very free advertisers, going to the newspapers with all their wants, and finding in them that aid which all interests and all sorts of people, from kaiser to kerl, are compelled, in these days, to seek in the daily journal. Every German town of any size has three or four of these little journals of flying leaves, which are excellent papers in every respect, except that they look like badly printed handbills, and have very little news and no editorials worth speaking of. An exception to these in Bavaria is the "Allgerneine Zeitung" of Augsburg, which is old and immensely respectable, and is perhaps, for extent of correspondence and splendidly written editorials on a great variety of topics, excelled by no journal in Europe except the London "Times." It gives out two editions daily, the evening one about the size of the New York "Nation;" and it has all the telegraphic news. It is absurdly old-grannyish, and is malevolent in its pretended conservatism and impartiality. Yet it circulates over forty thousand copies, and goes all over Germany.