The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-18
AT FRANKIE ORT.

| March Of the German Army-A Military
Wave by Day and Night-Publlc Excite.
ment-P0licy Of England Russia and
Austrin-lIonnrchism Slightly Cl0uded-Thc
Financial Aspect.
FRANKFORT, August 8, 1870.
The passage Of troops ana artillery and stores
continues day and night, and by this time mighty
force must be collected the frontier; the star too
Is on the spot the princes at their headquarters
and the king has arrived yesterday at Metz. Thus
all is ready for havoc and devastation, and the
bloodhound whom the French have got In power
has the most reasonable expectations that 1t will be
on large scale, worthy of B0naparte. The appre-
henson that the war will come to our quarters has
ceased and the events OF the next few days must
decide whether 1t will be carried on In German or
French territory. The arrangements of the military
authorities and Of the railway companies for collect
ing 30 large an army have been excellent; every
thing was done with the greatest regularity and
there is an army now on the Rhine more numerous
than any put on foot by any nation IN historical
times. There Is even now renux, rs hundreds
come back and are sent home, the regiments being
complete, SO that they are not wanted for the
present.
The excitement Of the public continues undated.
Volunteers and voluntary contributions come in
from all sides, and the spirit Of the people is now
fully up against the French 80 that If the chances
OF war were favorable to them at the beginning,
by their being better prepared, few people now
begin to doubt they will ultimately succumb before
German consistency and steadfastness of purpose.
We have certainly the larger forces In the field stu
there is no Dragging, as In France Of easy success
It III, at all events, be bloody and procrastinated
war. Hitherto there have been only small Skin
mishes, about which there Is nothing to report.
ENGLAND's NEUTRALITY.
The news which continues to reach us from Eng
land has been more discussed OF late than the war,
which must now take its course. The mock neu-
trality OF England, by which she tried her
trade and her export COAL OF horses OF cartridges
and cannon balls, has been too much even for Ger
man endurance. 1t evident that all this was done
was to be provided with COAL while they wanted
horses, Of which they have generally not many to
against such a neutrality, and the public press
proved that IN this way England was actually taxi
Ing part win the enemy When the disclosures about
gard to Belgium and French Switzerland proved to
the English Ministers the stress France would put
on their opposition, II, In the present struggle, she
should get the better Of Prussia. Since that me 1t
appears that they VIII do for their own sake what
they refused for kindred and for just cause.
Nothing Is required from them but to give up max
Ing profit by finding tue enemy with all his re.
Stude when ion OF soldiers w are a slSg as
other, could never count for much.
There ls every probability that we shall have yet
more disclosures; no doubt that similar offers have
been made at various periods to Russia and Austria,
and as the latter has now been apprsed that his
0ertd TO assist for good consideration Prussia IN
1866 with 100000 men, without having any COM
FOR once see clear and turn against the most dam
gerous and treacherOus OF their foes thus curious
things might be revealed. STILL all thus casts slur
on monarchy and monarchical diplomacy. AS
In private AFFAIRS one burglar will certainly only
make proposals to another burglar FOR stripping an
isolated or unguarded house, or as fraudulent
bankrupt will certainly not take respectable mer-
chant in his confidence thus French diplomacy
must have had very low opinion Of the morality OF
| the statesmen to whom they made such offers. This
impression Will remain. and should the war destroy
anhory and thus ave NO eSe o aR
formation than the good will OF the people, TINS WILL
many G Snn gas he found ana reuh
universal opinion, even now, when the war Is
popular, and our government considered justified In
every respect. The present war was only possible
between monarcnles as in republics there can be no
lust for conquests In foreign countries and OF quite
- FINANCE AND AMERICAN BONDS.
The Bourse Ia decidedly better Distrust Is not 50
rate merchants while at first the largest firms were
doubted. Money is now to be got at regular inter-
est foreign bills can he sold and transactions
Bourse, all for cash, have become more numerous
Americans went up 10 49, and though weaker
yesterday, In consequence OF foreign sales, as we
were in advance OF Berlin and London prices
they closed very firm ar s37s and could be sold to
large amount. There was also some demand for
was the first time they were noticed since the war
broke out American railway and credit shares are
| equally better, and were largely bought on Berlin
and Vienna account, VIII lie government stocks OF all
kinds are fiat, large sales at low prices being re-
| ported. Then Wurtemburg wants O lOan and offers
SIX per cent ex interest The loan of the Northern
Confederation OF 120 Oo0 900 thalers, five per cent,
at 8S per cent Is subscribed for to-day. While the
BOurse IS recovering, and such capital as cam OF
now be invested in industry or is withdrawn there.
from Is invested in public securities, our tradespe0
pie and miOwners are hard pressed and may sue
cumb to the storm. They can neither get in their
money nor obtain credit from their bankers The
same Is the case In Switzerland and Belgium. Both
OF these people will be ruined for long time; the
mills must be closed and the workpeOpe starved.
And people talk OF the extinction OF slavery and of
an enlightened age when all this can be done by
an adventurer who considers himself 1nsuted by a
want OF etiquette II such is the case the three
| former revolutions have been good for nothing.
ENGLAND.