The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1870-08-06
70 WAR REPORTS

sI WAR REPORTS
The following dispatch seems to
give, in the most IS uccinct orm, an
account of the ekirInish which
took place at Saarbruck on Satur-
day morning. the dispatch says:
Early this morning large
force of Bazaine's division and
four pieces of artillery advanced
to this position, appar emily with
tie view of dislodgipg the Prussi-
ans They met q force OF volun-
tcer guards. who had q position a
mile and q half from Saarbrack.
The Prussians attacked tie enc
my with vieUr, and after sharp
fight, the French were repulsed
and retreatcd, leaving one gun,
and losing twenty men. The
Prussians lost eight men.
The grand banquet of the Lord
Mayor of London, to- the English
Ministers, on Saturday night, was
the occasion Of brief speeches by
several Of the prominent members
of the Cabinet. Cardwell, the
War Secretary, responded to The
Army and Gladstone to The
Minister'S The latter touched
lightly on the war question, dep
recatip its outbreak, and asking
in the name of .wounded humanity,
and grieging civilization and re-
ligion, could anything be more
deplorable than the sight of ma
tons of tho highest civilization,
with institutions nearly perfect,
famous in every department of
history, and in admiration of the
world, rushing into conflict and
mutual slaughter. Of the position
which England must occupy he
said:
The first idea Of England is
neutrality. Her second idea is
preparation for he worst. Her
neutrality is not indifference, nor
is it selfish isolation. It is dicta-
ted by the necessity of mitigating
the evils of war, combining them
within the smallest possible circle,
and of retaining the power to in
tervene, ct the proper moment
Nothing viii be done to forfeit the
friendship Of either party, and
nothing will be omitted to retain
their confidence, SO that we may
avail ourselves of the first oppor-
tunity Cor renewing our efforts at
mediation in a quarrel the most
mournful and miserable ever wit
messed by mankind.
When great nations prepare to
fight, their own people and the
PEOPLE Of other nations make
ready for the disturbance. Trade
is broken up, credit is shaken, the
value of property becomes uncer-
tain, invested moneys must find
uncommon security, and timid cap
ital shrinks into concealneDt. The
fright and confusion thus brought
into the comm ercial world is Of it.
self gigantic evil, and if war re-
suited in no other injury to man
kind than this, it would well de-
serve all the maledictions ever ut
tered against it.
1t is ofcourse impossible to as
certain, even approximately and in
figures, the amount of damage
done by sach = panic, and still
more SO TO track it through all the
channels of robbery and misery in
which it results, at last, in the pri-
vations, sorrows AMI ruin of un-
numbered homes. But one branch
of the work it leaves is palpable;
torit is represented by the depre-
citation Of values upon the stock
exchanges of the world. Every
dollar Of the public securities is
sued by different nations is held
by somebody, and lis owner finds
himself worth, after the DECLARE
ton of war, less than before. The
London Economist, of July l6,
has undertaken to estimate the
amount of this loss, as shown by
I'LL - -----;..~T5 in the eight
days between July 4, the day be-
fore the first alarm in the French
amber of Deputies, and July IL,
when the war panic first reached
its height. a5iav nsa1l
In this one week the value OF
French rentes fell 100000, 900;
that of british csnsols f8,315, 900;
that of Italian bonds fS,3l5, 900;
that Of United States looms fl2,-
600 900; and thestotai loss Of val.
ne IN the national securities sold
in London was no less than f76,-
295.0OO : or not far from $780,
600 ,Oe0, without including the
stocks of G Germany, Austria, Bel
giurp, Holland and some Other
Countries; in which, no sales are
made in London.
II r.;lvav atocks similar de-