The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-18
THE WAR AND WALL STREET.

4
Che European Contest Finn ncinuv CousideredJ
by the Great Moneyed Men Of Our Grea&
MOncycd Mart.
While gold continues to show but little nuctuag
ton from the prices OF the past few davs. whild
governments continue strong and buoyant with nj
upward tendency, and while the stock market ial
without any special new features: while altoRetheK
matters in Wall street are about the same as thew
doubtless would have been had there been no Euro3
pean war, and while the attempt to produce anH
great fluctuations in money values here inci4
dental to the breaking OF this war have utterly
failed-while this is the present situation iii
our great monetary centre, It Ii very certatu
that the paramount subject occupying the thoughta
and attention Of all street operators, and not alOne
the operators In the Gold Room and Stock ExA
change and on the street, but the bankers br0kera
and leading financial men whose business energIea
and ventures centred here is the probable effect
OF this progressive sangutnary struggle betweeu
Prussia and France, both on the money market here
and the respective credits OF these two great Euro
pean Powers-men are quietly waiting future de3
veopments. Each coming day is regarded as preg]
nant with momentous issues, not alone as to which,
of the great conflicting Powers shall come out victo5
rous in the strugglen0t alone concerns the pos<
sble demolition OF the French empire and other
European monarchies and the more extended estab-
lishment OF republican governments ON the conti-
nent but the ultimate effect OF this war upon moneJ
tary values at home and abroad. nll--L
ut is a settled factn said prominent wall street.
banker. upon being Interviewed on Tuesday by al
HERALD representative, shat the days OF thei
French empire are numbered. It win not be many
days before from the ruins and ashes Of the fallen
empire will rise republic.p
"Upon what do you base this most positive
declaration, for you certainly make your declarar
ton very positive Z" asked our reporter
81 do make it positive" continued the banker. n
would almost stake my existence upon 1t. Every%
thing goes to prove 1t. Napoleon did not dream OF
this result He entered upon this war to strengthen
aud give permaneacy to the empire AS the revolving
States OF the South In the OF the rebellion began
the war against our government to give strength
ana permanency TO the Institution of slavery sd
he thought and expected by this war against Prus3
STA to perpetuate the empire and through
succession OF splendid victories give it
additional prestige and favor with the French gov3
ernment and pave the way for the succession Of
Instead of this result he Will find the empira
abolished as slavery has been' and himself solitary
'And so you suppose he never dreamed Of SUCH
possible reSult?'
too much inflated with his own Importance and
power. lie had given greatness and glory to France
In peace and he expected to achieve for her greaeH
glory IN war. His first great trust was In hfmsef,j
and his second trust was In his splendid army. He
believed in himself as great military leader-a&
capacity and daring OF the great Napoleon. He be-
leved his army nvincole by any force that could be-
sent against 1t. r,sr1
$50 you think the war failure on his partf'
"a most miserable failure He has made thre0
great mistakes. The first mistake was bringing ON
the war, which he might have avoided with no losa
OF honor to himself or glory OF the French people,
Of Southern Germany would not unite with the Prus2
SLAMS HIS third mistake or rather miscalculattond
has been eXpect1 to iced his army ON German soil.
sisted on his own territory"
Surprising he has succession OF Victories after1
this 1t Is possible that the war mas yet hardly
"He cannot and will not be successful. Tho
Gan restore the esprN corps that has been LOST
Tue war Is about ended.U .f-tfra1
80 you give 1t up as hopelessw .o.ah
Hopeless for France. The people OF France are
no faith In him. They have not forgotten the coon
d'etat. They have not forgotten the deceits thaq
have been practsed upon them"
evil not Napoleon proclaim republic to save
hinselr2"
his proclamatons they viii lf proclaim IA repuSca
themselves They Will throw him completely OverJ
board. He Is only an emperor In name now. He
King William might lose dozen battles, but the
divinity that hedges king Will hedge him still. Hs
WI continue king to the end. as did his fathea
.Wi the Prnssian army push on TO Paris ~ @
settles this that Is If the French army keeps up s
opposition. The military power Of France is tool
German army is much stronger and is well oifcered1
and moves on under the stimulating impetua
n aoG may DC ON the yer
but more probably between Rheims and Chalons, on
on the Aube river, between vidry and Bar. II tho
Germans are victorious in these battles, which they
are almost sure to be- then the way to the French
capital is clearly open before them, and they may
easily reach there in ten days"
'.And what will follow the taking Of Parisp'
'The establishment OF O republic"
"And this Will end the warY' ~ aDlNfrJ
, "Unquestionably. Neither King william nor the
prussians or the Germans care to mako war against
the victory win be Complete, and they neither desire
nor will ask any thing more" i.t4
chow will this termination Of the war affect
'.Seriously for time. For time there must bd
disirust: the new government may not be properly
bity 50 requisite as the basis OF financial strength
and power"
'And do you think this progress in events as youi
have pictured them will affect monetary values very
much heref' .eoT- 30 slu- fIlJ
"Only slightly There may be attempts to get mi
panics in Wall street; but they will be only the
snrewd lodges of speculative nanclers to turn the
current OF monetary movements here from their
accustomed channels, and the parties most likely
to be damaged are the ones resortng to these
lodges Our own finances have at no time sincS
the war been In better condition than now. There
il conhdencein our government-the great basis, as
have already stated, Of financial strength at home
and impregnablty OF influences abrOad.D 4-'-
We mighG pursue this conversation at much
greater length. Subsequent conversations. with
otHers ueVelOpeu d5 now perVHQlny the sOHu HleIQ
OF Wall street about the same Views as those ex3
pressed above. Willie nearly all feel confident Of
further military successes by the Prussan armyx
while very few have faith In Napoleon or the sucs
cess OF the French army, and while the most accept
republic III France as the manifest destiny OF the
now totter1ng empire. all believe in the unshaken
strength and nrmness OF our national finances
A CoMpROhlSE ON SAMB0.
As we anticipated, II the recriminations among the
white politicians IA South Carolina were allowed TO
continue, some .colored Remmann would step In