The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-29
PRUSSIA.
Duke de GrammOnt's Defiant Speech-Its Re-
ception in BerIin-A Cabinet 'sBom bshcIl''
from Paris-Inclincd for Pence, but a Soon.
sfernatiOn" Of War.

sfernatiOno of War.
BERLIN July H. 1870
The telegraph wires have fully informed you OF
the difficulties which have arisen between this coun.
Hohenzollern as candidate for the Spanish throne.
Friday last, the 9Th, when the fl st report OF
the Duke de Grammont's warlike speech In the
French Chamber reached here and acted like a
bombshell, though the fact OF Benedetti being
friendly received at Ems and day by day promenad-
ing and dining with King William, who mad been
joined by Herr Won Werther from Paris, gave q
good deal OF assurance respecting friendly settle
ment. When 1t was announced yesterday that
Prince Leopold had withdrawn his name It was gen.
orally supposed by politicians and the financial
world that this would fully satisfy France hence
confidence quickly returned, and the gloom which
overhung the stock markets Of che Continent gave
way to renewed hope and an upward movement in
ali kinds OF securities. United States bonds 1882
which had fallen from 9sa to 90. rose suddenly up
to s4,z, and other stocks regainei almost their for
mer prices. sr
THE NEWS FROM EMS.
But 10 there came this morning despatch from
Ems containing the new and extravagant demand
made by Benedetti and King williams peremptory
reply thereto which threw everybody and every
thing into confusion, and sent United States bonds
down to 49, or fully seven and half per cent, In the
course Of few hours. When II is taken into con-
sideration that during April, May and June of the
current year American bonds have nuctuated in
price only three-quarter per cent an idea may be
formed Of the panic produced throughout the Cont.
mental stock markets.
As always In the heat OF excitement alarming ru.
mors are diligently spread, speak OF King VIII.
liam's arrival here tonight, OF army orders and In
slant opening of hostilites. The peaceful aspect OF
matters yesterday afternoon contrasts fearfuly with
the CONSERVATION of this morning.
BISMARCK. GoRTSCHAKOFF AND THE TELEGRAPH.
Count Bismarck and Prince Gortschakof, supposed
to have come here yesterday, and thence to
have returned, the one to his estates OF
Varzin and the other to st. Petersburg,
may now be with King william at Ems.
The telegraph wires being State property almost
completely taken up by Official dispatches and the
news obtained by the press or private parties Is
very meagrc AS every half hour may bring an es-
sentla change for the better or worse, much may
be expected from the good offices Of other Powers TO
restore harmony and bring about OF inter.
speculate upon variety Of contingencies. We
would rather speak In few words OF the upshOt OF
this p0rent0us quarrel for the Information Of those
not fully posted up.
POOR SPAIN,
long embarrassed to find an occupant OF les vacant
Prince Leopold Of Hohenz0llern. who declined the
gilt. All other attempts 20 dispose OF the
Spanish crown having failed, Prm renewed
his negotiations with Leopold, who 1t IL SAID.
Influenced By his sister the Countess OF
Flanders and c0nsort Of the Grown Prince Of Bel