The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-09-22
MISCELLANEOUS WAR NEWS.
TIE EFFECTS OF PEACE ON THE MONEY MARKET

TIE EFFECTS OF PEACE ON THE MONEY MARKET.
The Economist believes it to be certain that If
there should be q sudden peace and II any govern
ment were established in Paris in which Europe felt
tolerable confidence, much money would leave
London, and what remained would rise in value
And this for several reasons -
First AS 1t is money would go to Paris according
to all common exchange calculations; but In fact i
does not go because the ordinary basis Of those cal
culations is at an end. Those calculations univer-
sally assume that there is no danger from war or
ciyil commotion to the transit OF bullion. And just
now there is extreme danger. But II the war and
commotion should cease this exceptional variation
would be at an end, and money would now from us
Second. There Is a considerable sum of money
though how large no one knows) sent here Tor secu-
rity, because of the and because of the revolu
tion in France. II, therefore, the war should on
sudden cease, and If a fairly strong government
should arise in Paris, the reason why this money
sent here would be over, and in little While 1t
would be sure TO leave us.
Third We have been buying goods In France, In
cited less by the low prices there consequent
on the war. Some of the purchase-money Is now
left here for safe CUSTODY but all would go at once
Lastly, soon as the war is over, France certainly,
and perhaps Germany also, must begin TO borrow
largely.
FEARS THAT PARIS MAY BE BURNED.
The Pail Mall Gazette says:-"There is some rea-
son to fear that Paris may be burned down by the
besteged even II she escapes the besegers. There
are in that city vast stores OF petroleum, alcohol,
and other cOmbustible agents 10 be used in its de-
tense. These stores are at present covered with
thick layer OF earth, which might be a sufficient pro-
lection under ordinary circumstances but to say no
thing OF the possibility or shell penetrating this
covering, the danger must be extreme OF general
explosion when we take into account the reckless
ness OF desperate men who, in their eagerness to
utilize every means at their disposal for the destrlc-
tion of the enemy, are not likely 10 be careful
to the safety either OF themselves or the city they
are defending Perhaps, as regards destruction OF
property the hdeous waste OF war mas never in the
worlds history been more forcioy Illustrated than
in the possibility at present existing OF Paris
being laid in ruins"
THE REVOLUTION.
The Saturday Revte10 says that when the Empire
had been struck with sudden paralysis 1t could in the
first instance, have no successor but Republic.
The popuar instinct feels inevitable attraction to-
ward that form OF government which is most unlike
the one which has been disgraced; aud though
repubcanism OF the French type is sometimes
hardly distinguishable from desp0tism, the resem-
blances lie deep down. while the distinctions are all
on the surface. Nor can any one who desires TO
see constitutional monarchy established In France
regret that the experiment should not have been
tried this juncture. The first requisite OF stable
government in France is that the real forces Of the
country should be left 10 lnd their natural level. In
1851 this salutary process was Interrupted Dy the
personal and dynastic ambition OF the late Emperor