27 NOVEMBER 1875, Page 3

Prince Bismarck, whose health is quite restored, has made an

important speech in the German Parliament, declaring that he never would consent to govern Germany through a " college " of Ministers, whose corporate responsibility reduced the authority of their president, the Chancellor, to nothing. He could do nothing of his own-motion. He also expressed his preference for indirect taxation, which the taxpayer could adjust to his means and opportunities, and for a severe income-tax on all persons enjoy- ing more than 1800 a year.• He is in favour also of equal suc- cession-duties cfn land and personalty, and altogether seems to have been reading Mr. Gladstone's speeches, or one of Mr. Greg's papers upon English finance.