The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-17
AT FRANKFORT.

Military Progress and Citizen Patriotisn--
Hopeful hut Nothing Decentralization
arios FOiied-The Financial Aspect-'Ths
kothschiids and United States Bonds.
FRANKFORT, August l. 1870.
Preparations FOR war and the passage OF troops
and stores are the only facts to be reported All Is
done with the greatest regularity and quietness 30
that we have not yet heard the beating Of drum
To time and accelerate the passage of the troops
barracks have been established at the stations and
a regular voluntary STAFF has been formed to serve
beer and vands and bread to the soldiers; the ex.
pense has been raised by voluntary contributions
We are now over the fright during the first DAYS
OF the war, that the French, better prepared might
cross the Rhine and make successful razzia,
which would not have decided the war; but still
have caused heavy losses. The German armies are
now already IN sufficient numbers on the spot TO
keep the French at the frontier and we trust that in
few days they will be strong enough to assume the
offensive France has evidently not calculated on
the unanmity OF the German people, and on the
forces that Will be marshalled against her; the odls
are In our favor the result is hidden to human eyes
Still it augurs well that the few skirmishes which
have taken place hitherto have been fought on
French territory, and that the needle gun has proved
q match for the Chassepot.
Volunteers come forward to any number and It
speaks volumes for the spirit which is now pcrvad-
Ing the nation that out OF SEQ emgrans already on
board ship at Hayre by far the majority have re-
turned to take part In the battles for the Indepen
dence OF their country The French, frivolous and
sanguine as they are, were under the impression
that few democratic decamators In the South
some score Of utramontanc clergymen In Bavaria or
some discontinued noblemcn In Hanover would
carry away with thomHhe nation All these traitors
are now silent, and II they were not they would ba
slt. tlA n
selves illusions ABOUT the war. We know that II Is
hard business, and that the french army, Lh0u9n
inferior in force. and we hope, also In metle ana
resoute character Is not 80 apparent to be under
rated still we have every element OF success mum
berless and highly efficient army experienced com
manders ana people VI 4O,ooo,Ooo ready LOT al
sacrifices.
The treaty offered by Franco 10 Prussia to secure
for herself Luxembourg ana Belgium, In spite OF
European treaties, to which she was party must
open the eyes Of egotistcal England as to the
dangers which are store for hcr should the French
get the upper hand IN tho grand struggle. Thoy
must now be aware that 1t Is as Impossible TO bind
string and that the existence Of Belgium and
Holland would not nc worth days purchase should
the German armies be beaten; France will then
annex them without saying word, and silence
England by a camp at Chcrboury. Should England
step out Of her lethargy and protect the Gerina0
coasts, then all the forces could be massed OH the
Rhine, and there Is every probability that the war
win be at an end In month. There is no reason
why all civilized nations should submit to the wlia
OF OF the French Emperor ana see at hls viii iher
commerce disturbed and their wealth broken Pro-
vention Is better than cure, and what coalition
must ultimately do could DC how ELECTED w,thoue
risk and in short time.
On the Borsc transactions are limited to conlycn-
sations and lquidations AID 10 the selling QUE OF
bonds to meet liabilities. As Americans have been
n favorite investment for bankers, merchants ana
mill owners, they are now sold every day 10 mako
money. Our bank has advanced tive millions OF
them, OF the rate OF sixty per cent. under tAc col
ecuye guarantee OF our bankers; but thia mas
not proved sufficient. another measure, to
issue four millions Of bonds on the doposis
OF go!d which IL our legal payment basis, mas
cations by railways are Just cut OF for few days
until the troops lave passed, and thea gold could
| not arrive la largo sums from England. honaa