The New York herald., 1870-08-31

son whatever Al this momen, 10 fear 1t was neces-
sary 70 concentrate IN an energetic nad tS des
destined for the defence OF the capital lh's iueh
was OF the first that presented ifse 10 us since
our short tenure OF power tneIeiore iecaneu
feneral Trochu irom me conaarrake a. the or"ap'
vzatOn OF the defence OF the capataL oucu ID tne
keason Of the choice and no o,ncr; a,a appiause'l
kave 70 say that the corps OF General stenmeIz,
(Which occupies the centre OF the prussian army,
kustained sucn heavy losses that he was obliged
10 ask for an armsuce To bury ms dead,
Is that was to merely gain time. llovement OF
kdhesIonI The Prussian division which had ad-
Eanced a. far as 81 Mihiel, could not continue It's
Fnarch. / can announce 10 you as certain that the
@nnisiated. Tnat is tho word-for not man re-
mains. (Sensation.) The best proof OF the nl-suc-
cess OF the Prusslan army Is a telegram given In
yhe Brussels journals announcing simply a combat,
bnt does not ray word OF victory. (Appiause.) II
there mad been the slightest success the despatch
OF Irusslan dragons had advanced into q village
IN the neighb0rnood OF Schlestadt. The peasants
armed armed themselves and Killed ten, and took some
others prisoners. Loud applause)
The honorable Minister left the tribune ana the
u amber amid general marks OF appreciation.
Failure Of the Prussinn National Lonn.
BERLIN August IA, 1870
The attempt to raise national loan OF 10000, 900
fhLlers mas broken down. Up to yesterday the sub
scripOns had reached the sum of-in round figures
10000 900 only. is TO be borne In mind that this
loan did not pretend TO ofrer the chance OF favor
able Investment. 1t has been issued 1--WE per
cent loan ct the nxed price OF ss, without stipu.
lated sinking fund.- 1t being left to the option OF the
North German Reichstag to redeem It by yearly
purchases In the market, ~ the state OF
she budget would allow. The prospect OF
esuch redemption, under present circumstances,
considered as an Investment In perpetual annuties.
As such 1t would hardly have fetched The price OF
su.scriber has subscribed from patriotic motives.
khe King hlmsef has taken half million and the
kees ns man@iacnrer Diergardd at VierSen near
Berlin twentyone millions have been subscribed; at
Hamburg six millions; then foliow towns with three,
;wO, one million, and the bulk OF the pro.
Sncal cities OF less than 100 900 Inhabitants show
Lgures amounting TO about ten thalers per head
thalers only. and the sum has, In very many cases.
a. once been presented to charitable Institution, or
havinR had the preference-which the war NAV pro-
luce IN the parish Of the dOnator The remainder
Of seventy millions has been taken by the Seehand-
lung, tnat remnant or the schemlng prODensites Of
goo years ago. which Is now nothing but part or the
Yrussan ExcheQuer under another name, carrying
losing money in very unsuccessful industrial
enterprises As the Seehandlung Is Possessed
millions Of tnaers Il Viii be able to pay the st
nstalment on the seventy millions, aud Will then
try to sell the acquired stock as best 1t at real
market prlces Consequently the expedient amounts
10 an absorption OF part Of the disposable capital
bf the Sheehandlung itself, and to ihe issue or
loan OF seventy millions at market price, besldes
Inc patriotic part or the loan, amounting to nfty
millions. There Is as yet no prospect OF Prussia
emitating the example or France and stopping the
conversion OF the notes OF the Bank OF Prussia.
There Is no run on the bank OF any extraordinary
character, except what the actual t9htness OF the
money market has produced. Or want OF confidence
tDere Is nowhere symptom; nobody wants money
instead Of bank notes, and gold coin, French as wen
az English, Is even Ut o discount.
The Bank Of France-Currcnt Account.
The Secretary General OF the Bank of France NJ
Marsaud issued the following notice respecting cur.
rent accounts fHU
AUGUST II, 1870.
The bills discounted by the bank will leave its
portfolio At the date lndcaaed for each OF them and
VIII be presented to the endorsers these fast wish
ing to pr0uby the delay accorded by the law do not
pay, tile bank will not send the bills back TO the
presenters, VINO Will be enabled TO ascertain the
neAt day at the gallery OF receipts, before noon,
what have been paid and what not, and to with.
Mgaaase' snranaaa me bills unpaid BY the sub
pr.stnters will compose q special port
1OlO When the delay OF prOrOgatiOn shall have ex.
preu the Dank Will again present them, er having
audeu 70 the amount OF each security the figure OF
the lntefest due. In case Of non. payment iJ Will
nave them protested or will apply as usual to the en-
dOrsers. AS to money orders, or tho3e thai M are are
simply consigned TO the bank for deposit, they viii
only ne presented by IL once, the day when each
falls due. And for those that not paid II would
refer them TO tile current accounts, after which It's
intervention would wholly cease, leaving the ac-
counts In question TO settle with the debtors For
money bills, hencelorward, credit will Only be gwen
on the second day alter the deposit.
This measure IL inevitable in consequence OF the
excessive labor imposed On the CLERKS.