Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1871-01-27

$4,000 oAAS -
ing series Of reverses to the French arms
Bourbaki was repulsed near Be1fort and
was compelled to retreat southwark closely
pursued by Gen. Werder.
Faidherbe has also been defeated at ST.
Quentin, after severe engagement and
considerable loss, stated at $4,000 men -
The Germans claim the capture at II ,O00
prisoners. This crushing defeat has thrown
the whole of that portion of France into
panic and Consideration. Faidherbe retreat
ed upon Lille. Gambetta, who seems now
to be the inspiring genius of France, is at
Lille, endeavoring to fire the hearts of the
French in that sectien with his own great
enthusiasm. He says there is hopa JET and
declares that that the French will ultimately
s. be successful.
The bombardment Of Paris and the Forts
adjacent has been undated, with slight sue
cess to the Germans. Gen. Trochu seems.
to have determined to defend Paris By con-
tinuous sorties, a. number of which, with o
comparatively small number Of men, he has
made. On the 10Th he made sortie, With
100, 900 men, on TIE German Lines west Of
Paris, which was eminently successful at
first, the French carr ying position after po-
sition, but, in the end, was fruitless as well
as disastrous, the Germans retaking all their
positions. The French lost heavily. In a
council of the committee of defense the fol-
lowing day, Trochu announced the opinion
that if the hoped-for assistance from without
should fail, he would deem it his duty to
surrender before the Germans destroyed the
public buildings and fired the centre of the
city. Commotion ensued Trochu tender
ed his resignation, which was accepted, and
a military triumyirate formed. Subsequent
ly this plan was abandoned and Gen. Trochu
was restored.
The only success of the French, during
the week, was at Longwy, on the Belgian
Frontier, where the Germans were repulsed
on Saturday and some of their siege guns
dismounted.
Probably the greatest occurrence Of the
week was the acceptance by King William
of the title Of Emperor of Germany and the
proclamation thereof made in Berlin. This
was one of the great objects had in view BY
the indomitable Bismarck. This event was
celebrated with considerable display in the
prominent cities of Germany
Latest French dispatches report the loss
of only 5000 men in the grand ssrtie from
Paris on the 10Th and also the defeat of
the Germans at Dion, with considerable
loss, on Sunday last, by the Garibaldians.
Hard times is the cly just now. Scarcity
of money is the general complaint. The
cause and its remedy is or should be plain
to every one. Any community which ex-
ponds more for the commodities it uses and
needs than it receives for its products must
of necessity be short. This is particularly
the case in this locality. Our staple pro-
ducts, wheat and corn did not return to US
at ruling prices this year, anything like
enough to pay for the necessary articles of
consumption and use All the other pro-
ductions did not make up the difference and
hence the deficiency in the circulating me-
medium now so excessively felt. This was
not the case when our farmers received
from So to $40 per Dbl. for Flour and cor
responding prices for other articles. Every
thing was fourishing then and business
brisk. This must, therefore, suggest the
fact that we should not and can not afford,
as community, to rely on the staple pro-
auctions alone. When the farmers prosper
we all prosper, but when prices rule low
with them, then times are hard indeed, and
against this latter we must provide. We
must increase our productions and retain
the money at home which is now expended
abroad. The farmer Gao do this to but q
small extent, but our monied men can ac-
complish the end. Let them cease to loan
at - pei, cent and invest in manufacturing
establishments, for articles most needed and
used, and dividend Is Or 20 per cent will
be derived therefrom, while the consumer
will buy at lower price than he now pays
abroad, and save the transportation. The
great desidsratum will then be accomplished
the money will be kept at home and We
will have continuation of ''fush" instead
of hard times.
This subject is worthy the calm reflection
of all our people, and is that alone from
which We can hope for the most permanent
relief. We have fine advantages, and if we DO
not make use of them but continue to rely
on cereals alone, none Of us will ever hear
cessation of the cry "hard times"
From an article in the Richmond Dis
patch we learn that orders have been issued
to let the whole line Of the Chesapeake Dc
Ohio Railroad, not already under contract,
on the LIST Of next April. And. also, that
it is further ordered. by the Board of Direc-
tors, that the road shall be in operation from
the Ohio River to the Falls of the Kanawha
by July next, leaving gap Of only 60
miles, between the Falls ofthe Kanawba and
the White Sulphur Springs, which is also
ordered to be completed and in operation by
the GUNNER Of 1872. This is cheering news