The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-08-13

are slowly inclning. Still there cannot be a
doubt that English sympathy is, in the main,
as completely with Prussia as Irish sympathy |
is with France. And the policy adopted by
the Times is to represent the war as entirely |
due to the Emperor, and to show that, If he |
can be got rid Of France will at once return J
into the paths OF peace. Alter what have
said. I need not add how thoroughly unfouud- |
ed this view appears to be.
PROSPECTS OF PEACE.
I cannot at present see any. Whatever may
happen seems equally adverse. For either
France will gain the first battle and 1t Is idle
to expect Germany to surrender after one de.
feat. The German papers talk quite calmly OF
on for all that. Or Prussia will win the hrst
encounter, and France will be converted into
cage of yelling tigers. Or, thirdly, the first
campaign may be drawn one. IN which case
both nations will cry aloud in Gods name TO 60
on and settle it. OF course the Emperor may
die. But this is national, not merely an I'M
perial war; and the army win rally around the
Empress Regent, and the country support
the war. and settle It's accounts with the
Empress atterward at leisure. The Empress
is at present intensely unpopular. But If the
Emperor were to die and his generals conduct
the war to satisfactory issue, 1t is quite pos.
sible that France would accept the Empress
Regency and seat Napoleon's SON on the
throne. Whatever betide, the only thing clear,
lpon the most careful and reasonable survey
OF all the elements In this disastrous war, is
that it is a fundamental war, that il touches
the deepest springs Of European politics, That
it points to the envenomed struggle Tor su-
premacy and existence OF the leading forces IN
Europe, and that the wisest men and the cool
esu heads are unable to forecast the conse-
quences.
TEMPER OF THE ENGLISH CABINET.
The ,bia, Of the English Cabinet Is not easy to
discover. If you want an indication, can Tell
you for certain that the clerks In the war office
have been warned against dlvulging anything
relating to their office. This unprecedented
proceeding speaks for itself. The Cabinet Is
composed of, politically speaking, young men,
able administrators, full of vigor, pride and
capacity. Mr.. Gladstone has just thrown over
the Dissenters. and. with too fatal facility,
stepped' into Lord Palmerston's shoes, flirting
with the Tories. What the effect may be ultl-
mately, on his own career, cannot say he
DIssenters. They have done everything Tor MIN.
They carried his-amendments 10 Mr.. Dlsraelis
Reform bill. They carried him to power They
carried his Irish Church bill. And when he was
firmly seated in power by them, with practl-
cal majority of a hundred votes, he pricked
them in the apple Of the eye by handing over
the country schools. In the Elementary Euu-
cation bill. body and soul to the church. Then,
with lofty waive OF the hand and heat or
demonstration very agreeable to the Conser-
vatlves, he bade them in Gods name take
their support where they pleased, for he want.
ed them no longer OF course the baseness OF
this treachery will be remembered hereafter
both by friends and foes. Last night, at tne
Golden Club dinner, (where, by the by, Hon.
John Bigelow, ! am sorry to'say, made rather
on exhibition Of himself,l Mr.. Gladstone tried
+t,o ptnrc reference
TO IsChristian principle" "Christian brother
hood.H the Gospel OF Christ and other
political claptrap-one man remarklng au-
diblv. that Mr.. Gladstone had evident
ly brought his pulpit with him. But
the Dissenters are old birds, not caught Win
chaff, least OF all by the chaff OF a man whom
they have used, and who now thinks ne can
fling them over, to pander to his arlstocratic
and clerical instincts. Still, for the time, there
he is, hand and glove with the Conservatives,
| and like Lord Palmerston, who he hated, de-
spised and secretly undermined: ruling ms
party by means Of his enemies But, Ike
Lord Palmerston, he may make very good
War Minister. BE sure OF this, wnat ne under
takes he will do thoroughly. He Is very pug
nacous. and, as soon as he has adjusted the
focus of the Gospel to the requirements OF
| war. YOU may trust him not to leave any gun
unfired. Woe betide his enemies, and, as soon
| as his enemies are -dsposed-e4 friends.
His epitaph is already written for hin;
NHere lies the most brilliant of English
statesmen. who served every cause, van
culshed every foe, and betrayed every
frIend.' It is hard however. not to sympa-
i thiZe with him In his present dlfhcultles.
Asa Cobdenite and party. to the French
treaty, he is strongly beholden to the french
Emperor As the Queens Premier; bis cour-
tler.like bias-and it Is not Weak-ls IN iaVor
of the Prussans. AS q peace-party man ne IS
/ 1at on EpnroG
the Conservatives, he is bound to fight for Bel
glum. Between all these conflicting tenden-
cies. no wonder if he Is distracted. The gos-
| sin of London is that ssGladstone and Childers
are both i'll with fear" at finding themselves
caught by European war unaWares. Inat
| they have been caught Is certain. But tnat
they will sit down in the trap Is not so easy to
affirm. This government is government Of
splendid capacity-not easy to be trified with
and If they fight, they will not fight by halves.
Will they fight? / think they will. Three
Cabinet meetings have already been held, at
which the Belgian qaestion has been most
anXously discussed. and the result has been
the expressed determination to send troops 70
Belgium on the slightest indication OF Danger. Il
MUNDAY, July Is, 1870.
It is hard 70 keep pace with the telegraph
Yml know already that the Times this morn
in- has published secret treaty between
France and Prussia, offered twice by the for
mer to the latter power. and twice re)ecled.
The sensation produced by this document is
profound. and the general feeling Is tnat foI
all practical purposes we might as well De al
war already. Coupled bya most undersigned
coincidence, with a letter in the Telegraph,
describing, with the French Emperor's per-
mission, Bismarck offer to buy Holland, every
Englishman feels that England was living 6e-
tween two schemers, who, in the midst OF the
f;,irest professions, were ready to rite heI
pockets. and il the worst came to the worst,
TO currote her between them in the open
street.
EFFECT on THE STOCK EXCHANGE.
Probably the late panic on the Stock Ex-
change will have equalled in severity the worst
in our records. Almost every stock was at It's
highest point. At SO English Consols were
relatively at fancy price. Five-tWenties were were
at par and in strange country. Illinois were
at ll2 and loudly declared BY authoritative
Judges to be going to 100. Turkish I'VE PEI
cents. had had rise OF 10 per cent, and
Greek RIG had blown the bubble to the extreme
limit of endurance. Immense bull accounts
we're open for the rise in almost every con
ceivable security. The recoll has been mos
disastrous. Already several failures have peer
7 fdeclared. But these are believed 10 pt
only as the precursory drops that H lntro
duce o storm The anxiety on the Stoch
Exchange is compressed but intense. Heroie
,ff0rls are made to sustain markets ard ENABLE