Note 2 — Section 224. NEW-YEAR’S EVE (S. 152, N. 1) IN GERMANY.
Reading edition
[1] is — celebration = is celebrated in (auf) a peculiar way.
[2] um.
[3] Tausch or Austausch, m.
[4] = of whom some were.
[5] die Zeil is one of the principal streets in Frankfort a/M.
[6] to set going, in Bewegung setzen.
[7] Properly: Prosit Neujahr! A happy New-Year to you!
[8] Before the introduction of gas, the lamps hung in the middle of the street on ropes which were attached to the houses on both sides of the street.