The New York herald., 1870-08-29

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The French press exults over the statements
made that their national loan has been
promptly closed, more than the amount having
been subscribed, while Prussia found great
difficulty in raising much smaller sum. One
Paris journal excams France yesterday
gained great victory. In one day many
hundreds of millions were paid into the
Treasury. Prussia for two months has
sought to procure less sum vainly."
special Paris correspondent of the London
press says, however ''tbat tho loan was
striking failure compared with former sub
scriptiOns, adding the estimated cost Of effect
on the first day was eighty-five millions, while
former imperial loans were covered many
times over The full amount of this will be
nominaily made up but considerable part
by subscription of spectators, who cannot
pay calls" While we admit the French gov
ernnent is putting the best face on about the
loan, with view to inspire confidence, and
may be is resOrting to some trickery for that
purpose, and while we soc that this loan is not
subscribed for 30 largely or readily as former
imperial loans, we must acknowledge that the
French people have subscribed iiberally and
have shown in this their confidence, patriot
ism and resources. Prussia found more diff
Guilty in getting her loan taken, though it was
not as large as that of the French. True, we
have heard little or nothing about that loan
lately. Still 1t must be understood that the
Prussian loan was placed at much higher
figure than the French loan is subscribed for.
This, of course, wonld make great difference
as to the readiness with which capitalists
There is no doubt, however, that the
financial resources of France are greater than
those of Prussia, il we except the much
greater weight of tho debt of the former over
that Of the latter, and the war chances and
other things being equal.
Commerce is the great creator of the sur
plus wealth of nation. 1t Is this that has
made England so rich and full of financial
resources. France has had the advantage
over Prussia in acquiring commercial wealth,
and to-day, while the ports Of Germany are
closed and their commerce cut off, France is
trading freely with all the world. In pro-
longed war commercial isolation proves most
disastrous. This was seen iu the case of the
Confederate States during our civil war
Nothing makes u nation 50 rich, or, in great
emergency, so strong as large commerce.
This war will be ended, probably, before the
financial resources Of tho belligerents be
strained to the utmost; but should it continues
long France, through her commerce., would
have the advantage, as far as money goes,
which is called the sinews Of war.
CENTRAL AMERICAN NEws.--Our latest cor
respondence from Panama, which will be found
on another page, gives an intelligent RESUME
of matters in the Central American republics.
The troubles on the Guatemaan borders still
continue, and the present weakly condition of
Mexico gives renewed confidence to the des-
peradoes who head the movement towards the
invasion of Mexican soil
THE LAW enforcing the fifteenth amendment
does not work as smoothly as its originators
anticipated. In several OF tue southern States
registers OF election have been arrested by
United States commissioners for refusing to
register parties who served in the Confederate
army, such parties being deprived of the
elective franchise by statute law. This con-
fict between federate and State authorities
involves the principle Of State rights, and
Attorney General Akerman, who has been
asked for his opinion on the subject, appears
to intimate that in this instance State authority
is paramount. The Attorney General says
the question does not come within his pro-
vince, but is one belonging to the courts, and
has given notice to that effect to government
officials aud other parties concerned.
THE WHITE MANS PATTY is numbered
among the things that were in louisiana The
democracy Of that State have accepted the
ignored the negro question and
kindred issues, and cordially invite the afflia-
ton Of the colored voters. The wisdom of
this step is manifest in the fact that they are
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