Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-07-12

| LONDON, July 1.-THE feeling
is much quieter both here and in
Paris, and the impression is fast gain
ing ground that the question between
Prussia and France viii be settled
without extreme measures.
Securities of all kinds have adj
vanced several per cent. since morn
ing and the tendency is still upward.
American securities, which sold at S6t
at / o'clock, closed at SSI and other
funds advanced proportionately.
A much better feeling prevails In
the Paris bourse. At 2 O'Clock, rentes
were 69f 40c, a very decided advance.
LONDON, JULY 11-Eyening.-A
crisis is imminent on the continent.
Military preparations were going on
all last night in Paris. If the candi-
dature of Prince Leopold is not with
drawn within the next tWenty-fOur
hours, the French Minister will be re-
called from Berlin and Madrid and
war be declared. The conduct of
France in forcing the issue and refus-
ing to leave the question of the throne
to the Spanish people, is strongly con-
demned by all Europe and Prussia.
A calm and dignified position is ap-
] proved. Negotiations between Paris
and Ems are reported to be unsatisfac-
tory.
Prussia, in declaring her innocence
of intrigue, refuses to interfere in the
candidacy of HOhenzollern, on the
ground that she has neither the right,
power nor inclination to dictate to
Spain, or Prince Leopold.
A large party in France counsel a
suspension of action until the meeting
of the Spanish COrtes. The general
belief is that the Emperor is deter
mined to fight, and will move in
stantly, without giving Prussia time
for preparation.
1t is said that Napoleon would pre-
fer to meet the issue now than after
Prince Leopold is elected by the Span
ish people-especially as he fears the
claims of his own dynasty on pop
ular vote.
LONDON, July 1l.-Surgeon w. ii.
Kinglake died yesterday.
A complete panic exists both here
and at Liverpool, as is shown in the
following comparison OF the prices of
securities just made at O'Clock pm,
| WIN thC vi
| evening: American bonds-5-20s, '62,
Saturday evening 89B; Monday noon
S62; old, Saturday. evening, 69F; Mon
day noon, S63. RG1GS OF 1865, old,
Saturday evening, 89J; Monday noon,
S64. Bonds of 1861, old, Saturday
evening, S94; Monday noon, 86}.
1910 bonds, Saturday evening, 67{;
Monday aoon, s43. Consols, Satur-
day evening, 923a92s; Monday noon,
9ls. Breadstuffs are firmer and there
is an advance of price on American
wheat.
Dispatches from the various Euro
pean capitals this am. announced
| that the excitement is gradually in
creasing, particularly in moneyed cir
! cles, and all sorts of securities have
declined heavily. A London telegram
says the war panic might die out if
the men known to be in the EN-
peror's confidence would sell heavily.
The Times has an article on the
Spanish question, wherein it says it is
still possible to look calmly at the fu-
ture. Ministers must seek and i'm
press France with the extravaganza
of its pretentiOns and susceptibilities
in the absence of real danger. Event
ual war is only too probable, yet such
jeaIousies have passed without colli-
sion, as in 1910 and in 1853.
The balance of power is undeserying
thought. The real issue is the pos
session of the left bank of the Rhine,
and the contest would last until one
or the other became exhausted. Civ
ilization has everything to lose in
such struggle. France is clearly in
the wrong. Prussia denies the respon-
sibility France ascribes her; France
refuses to accept the disclaimer. How
can France object to the arrangemente
Spain considers within her own
competence that neutral powers must
act instantly and unitedly, and firm
ly, to prevent a collision. The same
papers deplore the damage inflicted
on French credit,by the long continued
excitement.
PLYMOUTH, Eng, July u.-Sev-
eral Prussian iron-clads in this har-
Dor received orders yesterday to pro-
ceed to the Baltic to-day. These Or
ders were afterward revoked, and the
vessels viii visit CherhoUrg, France,
Immediately, r...- ...-. +
The Paris M0nitelw announces that
it will no longer give publicity to the
movements of troops, and exhOrts the
other Journals to adopt similar rule.
Up to late hour last night the
Prussian definitfve answer had not
been received.
The city is greatly excited.
The bourse opened active and ex-
cited. Rentes est. .-. @
The Constitutional says it Is ru-
mored that the King of Prussia has
approved the candidatUre of Prince
Leopold. ~ L 1
Figaro pretends that the King is
willing enough to aid in the affairs of
Spain, but less SO regarding the guar
antees requested of him. r
The Journal says that in case of war
the Emperor will command in person,
with the Prince Imperial attached to
his staff. @
BE RLIN, July 11.--0ne of the semi
official journals this morning has an
article stating that France persists in
the insult to Prussia in holding Prus-
sia answerable in the Hohenzollern
matter, and affirms that the policy of
Spain was adopted without any for
eigp promptings. ar
The North German parliament has
been summoned to give France her
answer. @ m
LONDON, July 1.-THE Times has
just received a telegram, dated Ber-
lin, to-day, announcing the reports
previously forwarded from there
touching the naval preparations at
the Baltic ports are unfOunded. There
Is no undue activity on the part of
the Prussian navy and no popular ex-
element in, Berlin. A pacific solu-
tion of the question at issue between
France and Prussia seems to be con-
fidently expected everywhere.
LISBON, July 1.-THE candidature
of HohenzolIern, and the trouble that
has grown out oft, causes the greatest
excitement here. There have been
several meetings of Ministers, occa-
stoned by exciting kilograms from
London and Paris. 49, Z
MADRID, July 1.-THE Regency
has renewed its declaration that the
choice of Hohenzoliern was declared
by no hostility to France.
Republican newspapers of Spain
blame the Government for the pres
ent crisis, and think an Immediate
rarOnla nation of tho Ras1T7hlio tho hazf