The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-11-06

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[London Correspondence New York Times.l
This has been An exceedingly uncomfort.
able week for people in the city. Every day
brought its own bad news. Fears of Euro
pean war; moro Erie swinding, or at least,
manipulation; cable clearing" and "bull-
|ing;" . blackguard fight IN the street between
q couple of rival spectators LAbouchere and
Abbot-on opposite sides of the account; the
failure Of two brokers and the expected fail
ure of others; the tendency Of the railway
companies, as shown in the case Of the Mid
Land, to rash and dangerous experiments, af-
fecting not only themselves but other compa-
nies-and on every side uncertainty and alarm.
On the Continent the sky is dark and lower
ing, and it is impossible not to feel that a
storm is brewing, yet nobody can tell in
which direction to look for the first flash.
| There are no distinct quarrels ready for
fighting about, but the relations of several i'm
portant States exhibit just the sort Of feverish
tate q collision. II may be assumed that
France and Germany are bound to fight some
day but France, though busy with military
preparations of which every traveller through
the country brings over startling accounts, is
not yet ready for war and, on the other hand,
it is difficult to see what more it can be posi-
bic tor the Germans to get out of another con-
quest There can be no doubt, however, that
Germany is just now in rather an explosive
condition. The people are groaning bitterly
under the strain to which they have been SUBJ
jected, and which has still to be continued in
order to maintain the enormous armament,
which is deemed necessary as q check upon
repriSals by France.
At this moment Germany is probably the
strongest power in Europe; but the question
is how long it can maintain itself in this posi-
ton. It is at the highest point now, but the
cost Of this supremacy is fearfully exhausting.
Every year the country becomes less capable
of enduring the drains upon it in
men and money, and every year,
while Germany is thus at the best
only barely holding its ground, other powers
are growing rapidly in strength and conf
dence. Hence the idea which is supposed to
have taken possession OF Bismarck, that the
policy Of Germany should be to strike while
it is at the top of its strength, and while other
countries are weaker, and thus to obtain an
opportunity of lessening its military expenses
by paralyzing its chief opponents while it still
has power to do SO. 1t must be remembered
that it is not merely France by itself that the |
Germans have to reckon with in the fu-
ture, but also the Papacy and the |
Gar, two very formidable opponents |
who would each be pretty sure to do all in |
their power to help France against the power |
which has already defied the one, and is sus-
pected Of q similar intention in regard to the |
other. The European situation, therefore,
comes pretty much to this-that Germany, |
despairing Of becoming any stronger, and |
more than doubling its ability to maintain its
strength at its present standard, would be glad |
Of an opportunity OF trying to cripple its an
tagonists at once in such way as to secure
for itself some amount of ease and peace for
good while to come. Whether this opportu-
nifty will be found nobody can say; but there
ban at least be little doubt that Germany is
bent on creating an opportunity if it can, and
hat it will avail itself Of any that offers. 1t
$ no wonder then that with such state of
Kings on the continent, there should be doubt
md perturbation in the financial world. Al
most any thing may happen before the spring