The New York herald., 1867-04-09
News from Europo-Apprehen
'of . Goneral War.

Important News frem Observation-Disclosures
OF . Goneral War.
The cable this morning brings interesting
and important news from Europe. A war panic
has broken out In London and Berlin, and,
while Il is not stated what particular event has
led to the sudden alarm, 1t is evident that in
both those cities the course Of the Emperor
Napoleon is regarded as threatening speedy
interruption of the existing peace. The press
dispatches from London state that the uncer-
tainty in regard to the French Emperor's
action and the fear that he will adopt a war
like policy have created distrust among busi-
ness men and occasioned great depression in
commercial and financial circles in that city
and in Paris; and later in the day we
are told that this feeling increased to q war
panic. Our special telegram from Berlin is of
still greater Importance. From that we learn
that the intelligence from Paris was regarded
as Of such momentous and alarming character
as to induce King William to give audience to
Count Bismarck at the palace at two O'Clock
on Sunday morning. 4s&.-> -.
The effect of this news was felt in the markets
in all the principal cities. British consols
tumbled one per cent French rentes expert
enced sharp decline, and in London Ameri-
can fve-twenties sunk to 1874. The first rumor
of the trouble created considerable excite
ment on Wall street yesterday morning, and
gold rose three or four per cent upon
the strength of the news. AS another
speck Of war, 1t is also announced that the
British government, having failed hitherto in
her attempts to bring Spain to sense of JUS
tice, had despatched several ships of war to
Cadiz to enforce the claims growing out of the
seizure Of the Tornado.
It is impossible to read these kilograms
without feeling convinced that the prospect of
continued peace in Europe is becoming less
and less certain. In spite of the new temple
Of concord which Napoleon has reared In Paris
and in which he invites the nations to worship,
the Fates seem resolved on war. On the
political horizon we discover now not one war
cloud but many. The Luxemburg affair
threatens to bring France and Prussia into
open collision. Should those two Powers 60
to war 1t would not surprise us to learn at
the earliest possible date afterwards that the
armies Of the Emperor Alexander were quar-
tered in the neighborhood OF the Sweet Waters,
and that by one leap the Eastern question had
been fully If not satisfactorily settled. Napo-
Icons hands would be tied and Russia might
do as she pleased. We have little fear but that
Spain will come to her senses before she will
allow British feet to devastate her coasts or
permit British army TO enter her capital. She
is not at present in condition to court the
presence of an invading army. The British lion,
however, has evidently been reused, and it is
dinicult to predict what may or may not follow
The drama which is now being enacted on the
European stage, and of which the scenes are
varied and the players many, deepens in
interest as it advances and promises before
the curtain falls to startle and astonish the
world. We promise to be attentive spectators,
and faithfully to report progress