2 JANUARY 1875, Page 2

The semi-official North-German Gazette has discovered that the New York

Herald has a principle, and has published the fact to a surprised world. The object of that journal, which Americans had always believed to be circulation, is really Ultramontanism, and its means is to calumniate the German Empire. It has entered into a conspiracy with Count Arnim, who is about twice as Pro- testant as Prince Bismarck, to do that. Imagine the Herald's " headings " when that folly reaches New York. "Bismarck denounces the Herald." "The Herald shaking the German

Empire." "Bennett classed with Arnim." Why, the Herald would pay the North-German Gazette double its income for such an advertisement per diem.