The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-07-29

rium finally consented The strict secrecy or these
pruceedihgs was suddenly aband1ned wing TO Inc
son, the Prince OF Astrrias. As counteracton to
thus scheme Prim announced TO the Cortes the name
o. Leopold as the new candidate OF the Spanish
government and named August for election day.
$50 "' FRENCH RAGE.
| This announcement took everybody by surprise.
france looked upon II as casus 6et and It was so
| declared, amid the applause of the French depu-
ties BY Duke de Grammont, the Minister OF Foreign
Affairs II Is true he said. at the same time, that
France would not interfere with the grand and no.
| bic spanish nation, not intrude IN her internal
rxSts But he continued, ave are not Obliged to
tolerate, In respect OF neighb0ring nation. that
foreign Power should put one q her princes on the
the European balance OF power and Jeopardize the
prosperity and honor q EFaERoe'" 90.
How the first sentence OF this speech can be made to
coincide with the second Is beyond the comprehen-
sion OF many II the Spaniards are to have sovereign
right why may they not choose King to suit them
selves. And II they choose one, must they not ne
cessarily seat him on the throne OF Charles w Or
WI Which would be too late BY $50 years The gst Of
the question is whether or not the Grdnde Nation
to tie withdrawal OF Leopold Of Hohenzollern the
policy OF Prussia mas been one OF mastery mac
tviiy.n she rightly saia. this is matter not at all
concerning us, but solely Spain. af 9Frt H4
FRANCE BENT UPON QUARREL
That ''Old Nap" and his government think to gain
Of NJ. Benedettl-asking. King William at Ems
never to consent to Hohenzollern becoming again
candidate for the Spanish thrOne--which resulted
In his being morally Kicked out by the Old King
Tho War Nows In Fraukfort-Un Of Ger.
many In Face Of France-ssOdds'' Against
Napoleon-A Fearful Duel Of tho Nations.
A FRANKFORT, July IA, 1870.
The difficulties which have arisen between France
ana Prussia about the Hohenzollern candidateship
to the Spanish throne appeared settled yesterday by
resignation OF the Prince. Things look different to-
day, France having raised more impudent demand
Alter the repeated declarations that Prussia had
nothing 70 do with the whole afraIr-the question
lying between Spain and the H0henzollern prince
to demand that the King should promise to withhold
his consent also In future. is TO pick up quarrel by
wounding the susceptblities OF Power command
ing an army twice as strong as the French or
course the King could not deign to give even an
answer and in this he Is supported by public opinion
Even those most antipathic to Prussia are In this
question his side, and should France begin really
o futile motives she will have to encounter
the united forces OF the Prussan army and the
man people.
1t Is difficult to write In the face OF SO m0meu-
tuous events when the situation changes from day to
day, but the rumors OF to-day are warlike enough.
1t stated that the North German Reichsrah Is going
TO be convened that two corps Of army VIII be called
out and that the orders for the calling IN OF the land
weir aud the reserves OF the other eleven corps are
all but signed.
Nobody can predict the chances OF war, but the
odds are terribly against France. There was never
more unanimous ana efficient army than the orth
German, and that the South Germans with Join Is
manifest by the declaration OF the Bavarian Minister
In yesterdays sitting OF the Chamber, that probably
the army would be under marching orders IN a few
days. Should France insist on requiring humilla-
-tt Enrnn
sites against French Overbearance will revive and
France might repent the day when she had AVA
Il IL duel between two peoples Of forty mil.
lions and will have quite different consequences.
Tas people must or nays on their
war, In which hundred thousands OF young men
must lose their lives because 1t suits the Powers to
pick up quarrel about the spanish throne, Ques-
ton nobody cares for in this country. ih
The whole affair has been treated by France In
manner az Il she desired war a. al events; ior me
the imbrogio. friendly request to induce the
Hohenzoiern TO desist would nave been most will
lingly responded TO. -.
AS the opinion prevails that France means sudden
southern governments begin TO cali in their troops,
while everready Prussia VIII now not hesitate one
moment to direct forces TO the french frontier. IL
remains then TO be seen whether French entlld-
slaism Is more powerful than In 1915, when they
crossed the frontier to surprise the allies In Belgium
and settled thereby the question IN few days:
Should the fortune Of be this time the side Of
the large battaons the Rhine question VIII be set
tied once Tor ever, and the Upper Rhine Will then
certainly not be left In French hands.
GERMAN TRADE
Trade is paralyzed, aud the losses already encoun-
tered frightful The BOurse is in great agitation
Americans went down IN few days from 96 to S8H,
people selling them to get ready money; but they
recovered yesterday. under the impression that all
settled. to "a. To-day am afraid there will be
great relapse Austrian stock, always the greatest
sufferer. is almost unstable, while all such funds
not objects OF speculative transactions cannot
be sold. Money has got suddenly scarce, distrust
being general the bankers drawing In their funds to
provide for any emergency Even foreign bills can
not be sold. Only one bank has come forward to
allay the storm by large advances. SO much Is
tam. that these events will increase the parsans Of
republic by showing that prlncely interests disturb
the world and raise disputes which cannot occur in
republics. Capital Will dow into American stocks,
which, though impressed now by the want for
money, out OF the reach OF dyna5tic wars.
Panic on the B0urSe to-day. Americans, SO.