The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-08-24

Indeed, one despatch briefly announces o
battle in the immediate vicinity of Ohalons
and another great victory by the Prussian
Crown Prince. OF this, however, we have
no distinct confirmation. Meanwhile there
can be no doubt that the Prince has commu-
nicated with the German armies Of the north
and CENTRE now Jointly under the command
of King William, and that he feels strong
enough to continue his advance on Paris.
His vanguard already hovers in sight of Se-
zanne. indicating a march direct upon the
French capital by the line of La Ferte
Gaucher Coulommiers, and Couilly, since the
route by the valley of the Aubs would be
further to the south, and on the arc instead
of the line of the semi circle, and conse-
quently longer, more tedious, and far more
perilous than the other. We are inclined to
think that if any of his troops have been
seen in that direction they are mere scouting
parties.
1t is impossible toreconcile with this move
ment the declaration that MacMahons head
quarters are at st. Dizier which is much to
the eastward of Vitry-le- Francois, where the
Germans under the Crown Prince were seen
on Saturday, unless the French Marshal has
also been surrounded and cut off. In fine,
this statement looks like an error. Paris Is
making strenuous exertions to complete her
preparations for defense. Major-General
Trochu is acting with equal firmness and
liberality. All classes and parties are ap-
pealed to for the common defense of the
country the radical journals lately suspended
are allowed to reappear, and the Orleans
princes, in spite Of the Emperors recent re-
fusa, are permitted to come back to France
Napoleon seems to be utterly ignored and is
even stated to be in flight from France, after
having been treated with indignity by the
troops at Chalons. The Empress Eugenie has
appealed to the mediation of Queen Victoria
of England who is said to have written to
King William. Meanwhile, French iron-elads
have appeared off Dantzig, oecasioning much
alarm. On the southeast, the city of Stras-
bourg is reported in flames and on the eve of
capitulation.
Like bright band of light in midnight
sky the assured certainty of a speedy armis-
tice and peace is at this juncture seen across
the darkened horizon of France. The Su-
preme Pontiff has uttered his appeal, and
King William has magnanimously spoken.
Russia, Austria, Italy (where the Prince Ma
poleon is diligently at work., and England
are quietly but strenuousy striving for this
great purpose. We feel certain that the
result will be heard within two or three days.
Christendom is shocked and horrifed at the
slaughter. Prussia herself appeals to the
great powers ''to save France from anarchy,
and all good influences aid the petition. At
the same time a very striking symptom is
revealed in our markets here. Gold struggles
and declines because our bonds go
up abroad as the cause of peace ad-
vances; and already men ask them
selves is there any good reason why gold
should sell in Broad street at premium
higher than what should barely pay the diffe-
renee of exchange between Europe aud this
country? Exchange on the Old World is now
at about 10R per cent. Our fve-twenty bonds
are selling at premium of from 10 to IA per
cent. here, and the discount for the same in
London is from 10 to 12t per cent. aud at
Frankfort 4 to 10. The premium here being
from two to four per cent. higher than the
discount on the same bonds in Europe, why
should not gold sell to-day in Wall and
Broad streets for 10l to IL, in view of the
early end of the war? We see it taking that
direction, and hence infer that the acute
business mind of New York sees that the
inevitable collapse of the empire has come,
that peace is imminent, and that the best
interests of both Europe and America are
about to emerge from tremendous perils.