The New York herald., 1870-08-18
The pruSsian National War Loan---ltS
Prospect as an Investment.
Field Reports from ChalOns
and Metz.
Marshal Bazaine's Defeat
and Retreat.
A Naval Fight Supposed to Have
Taken Place.
LONDON. August IT, 1870.

LONDON, August IT, 1870.
special correspondent writes from Berlin, Sun
day, as follows:-
The attempt to raise national loan OF 100, COO
thaers has broEen down. Up 10 yesterday the sub
scnpuons reached 50o,e coo only. But tbs loan dld
not pretend TO oer Favorable investment,
1t was issued as five rer cent loan at fixed price
OF S. without provs. for sinking iund, IL being
Ieft 10 The option of the North German Reichslag to
redeem IL by yearly purchases on the market
as the state OF the Budget might allow,
the prospect OF such redemption under the
The investment might be considered as one IN
perpetual annuities. AS such 1t would hardly
when brought into market TO such an extent,
Every single subscriber has subscribed from patriotic
hon and manufacturer million. At Berlin twenty
one millions have been subscribed, and at Hamburg
ax millions Then follow towns win three. two
thousand inhabitants, about ten thalers per head.
Most Of the subscriptions are OF 100 thalers only.
to charitable institutions or destined for the orphans
which the war viii produce in the parish OF the
OF the remainder seventy millions were taken by
the Seehandiing Company for Trans0ceanic Com
merce, now nothing but part OF tho Prusslan Ex-
chequer under another name, carrying on very
successful banking business ana losing money 10
unsuccessful Industrial enterprises As yet there s
France and 81 Of notes II the
Bank OF Prussia. There is no run on the BANKS put
produced or want OF confidence there Is nowhere
any symptoms Nobody wants money instead M q
as osnk EnrIisn nGles ana eVen n I at discount Yet
a demonstration is preparing to warn the govern
ment against any attempt, under whatever circum-
stances, at further issues OF paper money The rad
cal nee trade organs propose transitory tax IN
stead Of on property Prices especially
vest has the start OF the wars.
The reported subscription Of eighty millions at
Hamburg was mistake for eight millions.
special from Chalons writes on Sunday
Ten thousand wounded are being brought into
camp The town and camp present o scene OF riot
Gus disorder and dissipation. Soldiers are shouting
prostitutes and there Is no restraint of order or de-
cency among officers or soldiers II another battle
IL lost 1t will be o massacre.
The train by which j attempted to 60 to Metz
found the line cut at Pont MOusson, and returned
with the Fourteenth regiment. which was ordered
70 Metz Reports OF disturbances In Paris have un.
away and return In case ofrevolution. The regular
army is still true TO the Emperor but nobody else.
The advance OF the Prusslans beyond Metz Is known
but great force will remain there. l cannot un
derstand the notion of battle here in the
position against superior forces, being SIM
ply an immense level plain. The camp Is not
entrensned and there are no works In construction
ever among the generals passing through happens
TO be senior In rank is commander While he stays,
and changes are male almost daily.
In THE FIELD.
The same correspondent writes on Monday
The Ponta-M Mousson affair was serious Six or seven
trains started from Chalons for Metz In rapid
cession, carrying about 1000 soldiers comprising
three infantry regiments and some artillery. Near
POnt-a- MoussOn they found the railway cut and
Prussian artillery opened on the trains, which moved
though only two men were Killed many Jumped
from The trains while moving rapidly.
The trains finally got away without much loss.
FROM THE FRONT.
Embassy in London confirm the Prussian successes
on Sunday, already reported, but DO not throw
much light on the subsequent events
No kilograms received III London up to midnight
"wednesday explain clearly the movements Of the
last three days. The French accounts are extremely
vague but indicate that divided counses and chang.
ing plans have constantly embarrassed ana endan.
gered the French retreat,
A despatch from Chalons already telegraphed you
proved that troops were pushed forward from Cha
Ions towards Metz down to Saturday night when the
trains were stopped and nred on at Pont.a-MOusson
On Sunday the Prussians found the French
still In great force under the wall OF Metz.
Since Sunday no considerable battle Is known to
have been fought anywhere; but the French reports
Of checks to the Prussians west Of tho M0sellc,
whether true or FALSE comedies with Bazaines retro
gade movement In the absence Of Prussian
either Prussian or French, remain near Metz; but
there can be little doubt that Bazine, after hesitat
ing till 1t was almost too late, has Withdrawn the
main body Of the French army westward, and that
the Prussian forces have narrassed his re-
treat by unremitting attacks on his tanks
and rear. In such circumstances no general
or decisive engagement should be fought unless the
Prussians had moved rapidly enough to cut or the
French retreat
They seem to have crossed the Moselle both above
and below Metz, large forces remaining ut the same
time before Metz and there Is no known
basis for Palikao's statement in the Corps
LGgisatif that the Prussian attempt TO cut OF
Bazaine had failed, for there is no evidence that it
had been made in such force as to compel BaZaine
10 choose between abandoning the direct line to
Chalons and fighting battle
The latest accounts place him at Etain,
but the French appear to have no infor.
nation as to the disposition or strength
OF the Prussian columns threatening his
march. Ifit be true, as the French give out, that
Metz is held by mere garrison, 1t may be many
days before great battle can be forced by the Prus
SLAMS or accepted by the French at any point west
oi Metz. In the meantime there is likely to be. as
during the last three days continual succession Of
encounters between tho heads Of the Prussian col.
umns and the rear guard Of the French.
CAESOSADING AT SEA.
special correspondent writes from Hamburg,
Sunday
The second division Of the French neet was seen
twenty miles west southwest Of Heligoland,
steering east The German feet at Cuxhaven
and Milhelmsnayen s,a put, put o. to sea- r., and can,
delays are unaccountable. They might have taken
Cuxhaven, completely commanding the entrance to
the Elbe, but 1t Is now well fortified
The Elbe u not being blockaded, and vessels ar
rive daily A merchant vessel In attempting to
enter Wilhelmshaven IN fog was sunk by torpedo
STABBNG AfrRsY At A PICNIC.
One Of the many social clubs with which the city
is surfeited gave an annual picnic yesterday at
Myers, Grove, Staten Island. THIS time it was the
First Ward Boatmens Guard. 1t is claimed that
party OF rowdies Joined the excursion through
mistake and that they were the cause OF the many
durtnu the day. AT about half past