, 1870-08-26

neighbors expect OF her ii she should Conquer
France. absorb A1sice and Lou1ine.
and then make a. deliberate mil-
ta1y preparations ~ Napoleon did? 1t
ia apparent that, IN proportion Is PruSs'A
may develop the ability to conquer Francs,
Just il, that proportion the other powers can-
not afford to alIo. it 10 be DONE For Fra noe
to accept tefms OF pence from Prussia, while
the a.rnies Of the ]1t1cr are in French terrific
r, would imrly that che must accept the
terms Of victorious cue4ur. Tbs probAba1l-
ties, therefore, ecen TO ee that There can
scarcely s.e my peace until Prussia has either
captured Paris, IN drfiaucs Of all the other
powers of Europe. OF, on the otler hand,
until the Prus-lan a.miea have been driven
beyond the Rhine.
Notwithstanding t!4e rreaent aspect OF the
war does not favor speedy peses, it may he
effects OIL inauees and trade 1t
should unexpectedly come. That ths
exports OF products. would Etadna4y
revive il pretty certain: but the revival
would be only gradual, The 1smarA uaada b5
Mug of lhe ~Ar, flat Gesm.ny would he ~
ine1 fu1 twenty yeazs b5 is,' will probably
hold good to CONS extent. notwithstanding
the succers OF the prlssiau armies. Manu-
tactur1Ig Industries which call for our raw
materials will have Leen disorg4t,'z=d in Ger
mtNF 4S Will a. tAGSEI %LtN sNR HA-Ns
Of caEital iu ths var wal leaTa
less surplus to he invested in C,isea Statrs
bonds, The te-establi.hment Of the manuflc-
turing industries will furnish increased u-ss
for capltsl, ard Increase the tass Of Interest
for money Il;s would interfere with the e1-
mort OF borda froTn this county. AID Ie4 liz:
t.c r.,.,!n,1arc. Of exports OF gold IN set
tlenent Of tie fnrrsgE tt4de bhlsnce. ihc re-
sult aoulu prui,1',ls tie luwrr avrIar,,e i'sise
for bon4. and higher average price iur t,Lll
t.ur,l.: the yesr eft.r the var ttlau 1le avct-
rye p1,cre during The year preceding T.
1lie new Tax tlla, srrrosod dnly II. AMI 'ot
which We gave Il Summary se-icr!av, ahuals
the requirement fnE st4ups OIL p1otn,s.ars
rutes ft.1 SUMS Of less than El0o. The ac.4
lxw to take effect it, this particular. GU Octo-
Ler /. We refer TO the subject agai,, ae.e1se
IT may Le inferred thst tho REMISSION OF TAX
ap1,lies 10 notes for larger sums than 3lOa.
Tie money market continttes cast. Flrtt-
e!ass borrowers tind but it.le dificul:: in get
ling ali the accommodation tle1 ask fos. Tho
TO- btE.+ xrr experiencing come revival OF
country trade. and their rales are increasing,
and their tark dero=i:a also.
The county oFtrTs fvt currency arc very
Ii. iii, and, OH tue utller hand, aome uf the
hack frotu tl.eit country tank cnstomcrs. 10
make exchange. Whether the cessation oi
tits us.ve ment Of currency toward the coun-
1ry il tile resGlt 1f ; disin liustion to mar
krt the Nhcat crap 1t present prices. o.
whether i, is because there is already
enough currency in tho country to
move the new crop, car onsy hc
determined by the volume o. grain receipts
| uu1irg the next vcek- At all events. the
| rresAiiou Of the movement Of currency fa1ors
lighter receipts OF grain: ....
| Escl,aus-- IL firm and rnther sc.rea, Will
sales between banks 1t from par to So, pei
Sl,tdU dirouunt- At the cuuatee, bankers sel
At l-1U premium, and buy at from 1-10 to Il d
per Il, ,UW ut.
Tha following quotations FOR gold in Net
York aud eec,lritcs in London were receive,
l ~ 1sn,r.fs n |{.re1,