Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-08-14
TG L. 1870. VA LALLKE

the French far different from conquer
ing Austria. The victory of K0nig-
|gratz was won without a Prussian
quartermaster's Experimentation
even a base of supplies. They started,
like General Pope, with head
quarters and HEADQUARTERS in
the saddle. This strategy is only
safe with victory. 1t would have
been as disastrous with King William
at Koniggratz as it was with General
Pope at C~entreYille had he met with
repulse. The Austrian campaign was
successful; but it would not do for
King William to fight the French in
this way. He must stand still-in-
trench; and the French must dig him
out or work in the rear. Spades will
be trumps again, as at Vicksburg.
There is a striking analogy between
the French and the Prusslan armies
and the old Union and rebel armies.
Prussia's strategy should be tO'stand
still. If she takes the aggressive, PEN
,etrating French territory, the same
result will undoubtedly await her
that awaited Lee in Pennsylvania.
Gettysburg and Antietam both weak
ened the rebels more than years OF de-
tense warfare. Koniggratz will nOtbe
repeated during this a
San OBSERVATION-DISCLOSURES will be
the effect of the war on this country?
General Grant-History will repeat
itself. Our war raised values, not
only here, but all over the world. PeO-
pie couldn't live in Europe after one,
nor one-half as cheap as before. The
present war will raise values in
Europe. Americans will come home.
Iron and leather and coal will advance
there. Then we can compete with
them. Without a tariff the WaT will
be a Self-impOsed high tariff, imposed
on every article Of foreign impOrta-
ton. This war land herethe General
was enthusiastic) will be the greatest
blessing that could be afforded to
America. Ii will raise Europe up to
an equilibrium of prices and labor.
Our factories will start again. ImpOr-
tatiOns will cease. They WilIno longer
be ahle to make a coat cheaper in Eu-
rope than in this country. Our bread
stuffs and bacon will have to furnish
their quartermaster's department in
directly. Pork will advance, and gem
eral farm produce will bring cores
p~ondingly high figures if the war
lasts, as / now think it viii. Our
bonds will come home at first, but
they will be quiekly absorbed. They
are safe, and foreigners are even now
making large deposits of them in
American banks. Many are coming
back, but few want to realize on them.
They make asure revenue for them,
no matter how the war turns out at
home.
Sun COrrespondent-HOw about our
merchant marine-our shipping?
General Grant-Here we have made
a great, a suicidal mistake. Before
Congress adjourned we ought to have
made arrangements for the purchase
of foreign vessels. They are in the
market now at cheap figures, but we
can't buy them. The old act of Con-
gress provides for the building of
ships at home, but prohibits their
purchase of a foreign power. By ar
act OF Congress, we can't buy a vessel
which we once owned but sold to
Germany during our war-that is, we
can't change her flag. If we buy and
sail under Prussian flags, then France
will gObble US up. Our war killed
our merchant marine. In the
face of the Alabama pirates
we sold out cheap. England had
no acts of Parliament against buying,
and she possessed herself of our ships
at half price. Now is the time for us
to get even by buying the ships of
France and Prussia. This is what 1
wanted Congress to do. But many of
our Congressman know nothing of
shipping; they are farmers and law
yers, and the idea did not strike them
with force before adjournment. Now
they see it. L get letters every day
filed with regrets that we did not fix
this think up 50 as to build up Our
merchant marine. It was a great
mistake, SRA great mistake.