THE DAILY EVENING TELEGRAPH PHILADELPHIA, FRIDAY, SEPTEMBER 9, 1870. orin.iT or txxb rnxsss. Editorial Opinions of the Leading Journals upon Current Topics Compiled Every Day for the Evening Telegraph. THE EMTOFSS EUGENIE -TUB EMPIRE AND THE REPUBLIC. From the y. 1. Il-rahl The Empress Eugenie, but yeBterday tho most brilliant, the mont powerful, the most envied end apparently tho happiest woman in all Christendom "the glass of fashion and the mould of form" the Km press of modern society and the chosen goddess of the gay world in both hemispheres, is to-day crown less and houseless a fugitive and an exile in a foreign land. Her departure from tho Tuilories and from France was a flight as from the wild popular vengeance ef another Reign of Terror, and doubtless in crossing the Belgian frontier she thought less of her imperial splendors swept away than of her personal sufety secured. She was in no dan ger; she might have retired with deliberation and dignity; but in the midst of that fearful commotion in Paris how was she to know it? Twenty-two years before King Louis Philippe fled as precipitately in his pea jacket from the ominous tumult of a French revolution, because he knew not that the horrible fero cities of the first French revolutionary con vulsion had passed away that the masses of the French people, through that hideous car nival of crime, had risen from the revenges . of barbarism to the responsibilities of civili zation. Yet it is hard to believe that Eugenie was not in some degree prepared for this sudden collapse of the Napoleonic empire and dy nasty. She has been too active and too am bitious as a politician in the affairs of the empire, and too familiar with the reasons of - Napoleon for every scheme of his, in his intor nal policy and in diplomacy or war, not to know the dangers that encompassed him. Yet ehe was, doubtless, deceived by the delu sions of the plebiscite, and satisfied that, from the glory of this war with Prussia, the em- ftire would be secured for her son, as its abso ute despotism had been secured for her hus band, by the will of tho French people. How could she believe that the French people, in ratifying the empire over and over again, had spoken under the pressure', of an imperial army, and that with this army removed they would speak for themselves without the warn ing of a single day? It Is all over now, and, in the light of the restored repnblio, it is only a matter of amazement that the shadowy empire of Louis Napoleon survived so long. For eighteen years, with the skill of a conjurer in his do mestic and foreign policy, he had managed to , divert the public mind of France from the outrages of his usurpation to the glories and prosperity of his government at home and abroad. But all this time, as we can now see, the French people have only submitted to the empire as a choice of evils, and that they have been impatiently awaiting their oppor tunity to replace the republic which he (Na poleon) betrayed and set aside, bat which he had failed to extinguish. It may be that in the glitter and splendors of her imperial court, and with emperors, kings, and queens dancing attendance upon her, Eugenie really believed the republic dead, the Bourbons a mere tradition, and the - empire needing only the glory of the rectifi cation of the Rhine frontier to make its transmission to her son a scene of popular acclamation. But "how are the mighty fallen and the weapons of war perished!" We can hardly realize the stupendous events of the last six weeks, or tnat, among them, the Emperor Napoleon is a prisoner, his Prince Imperial a wandering exile and his Empress a fugitive from a back door of the Tuileries, with only a single attendant, and anxious only to escape with her life from the surging revolution around Her. We can hardry believe that this trembling fugitive is that magnificent Empress who but the other day was welcomed at Constan tinople by the Sultan with a reoeption excelling in its Oriental splendors the royal Asiatic welcome of King Solomon to tho Queen of Sheba. Can it be true that this weeping exile on the Belgian frontier, plead ing for information or Her unnappy Husband and her poor sick boy, is the same person as that glorious impress wno, in the grand Eastern spectacle of the opening of the Suez Canal, eclipsed in her radiant beauty the charms of the gorgeous Cleopatra in all her glory? Yes; the glorious Empress who&e presence in her imperial travels inspired the admiration and wonder of Europe, Asia, and Africa, and the melancholy wanderer in search of the sick boy and bis father, are one and the 6ame person. It is only a change in the character she is called to play; and such are the ups and downs of crowns and dynasties; and so it has been from the beginning and will be to trie end. But the ferocious barbarism which paraded the beautiful Queen Zenobia in ohains through the streets of Rome, w hich brought the head of the beauteous Queen of Soots to the block, and the fair, accomplished and courageous Marie Antoinette to the guillo tine, we may nope nas ceased to be, or will no more be permitted in popular or royal revenges upon defeated kings and queens, The exiled Empress Eugenie and her husband and son have still before them a fair prospeot of the quiet, philosophical retirement of Louis Philippe and bis sensible family. Or Eugenie may perchance now find some melancholy consolation in sympathetic communion with Queen Isabella, or in telling the story of her Borrows to tne still more unfortunate Em press, "poor Carlotta." Nay, the Queen of England, untroubled by the fears of revolu tion, is unhappier, perhaps, even to-day over the untimely loss of her husband than is the gay, brilliant, and ambitious Eugenie over the loss of the French empire. The imperial family, no doubt, as soon as permitted to make their own arrangements, will settle in England; for where on the Continent, save in Switzerland, can they hope now to rest in peace? They, too, have proved the uncer tainty of the highest earthly glories. "Va nity of vanities, saith the preacher, all is vanity. SOME CAUSES OF FRENCH DISASTER. From the If. T. TimM. The enormous sums of money which' had been expended by the French for the purpose of placing their army on a war footing, de ceived very many, and the Emperor among the ret, into tne beiiei tnat t ranee was ready to core wltn any military power whatever. and hence he was prompt in seizing an op- lort unity for declaring war wito Prussia, The result, however, has shown that the French were actually unprepared, either for an offensive or a defensive war, while the plan of the Prussian campaign was such as not only to take advantage of this want of preparation, but also to Rain the benefit which could be obtained from the weaknesses of the French military system without afford. Ing an opportunity for the display of any of it well known good points. One of the principal causes of the unvary ing bucc8hps of the Prussians has doubtless been their superior numbers. Wherever the Prussian and French fsroes have met for battle, the strength of tho former hw been greatly superior to that of the latter, and tne victory has as usual remained with the strongest battalions. As a result of this overw helming proportion of men tneirus- sians have been able to follow up their vic tories with vigor and premptitude. Had the movements of the invaders been less rapid, the French might have been able to bring new levies enough into the field to remedy their disparity in numbers; but on Moltke was too sagacious a strategist not to appre ciate the advantages of rapid action, and ever since the first victory at Weissenbnrg the Prussians have been incessantly pushing the French. At the commencement of hos tilities it was unoertain where the Prussians would first strike, and the French army was therefore distributed ail along tne frontier. When, ; finally, MacMahon and Dazaine had each concentrated his army, the Prussians thrust a sufficient foroe between them to prevent them from forming a junction, thus effectually checkmating any attempt at co operation. All the advantages which accrue to an army wagiDgnn offensive wnr have been enjoyed by the Prussians, and all the disadvantages of continually acting on the defensive hare fallen to the French. The Prussians have carrried on the war upon a foreign soil, and thereby saved their own country from the devastation which has been spread over the fair fields of France, end in addition, their victories have elevated the morale of their army, and have correspondingly depressed. J1..1 - r it. TT1 . 1. 11-1 ! il . , . that of the French. hile the attacking force has always towards the point been able to move at which it has been aiming, its antagonist has been confined to efforts to repel continual assaults. The French are not so well able to act long on the defensive as their adversaries, for in their military system they place far greater stress upon the fortitude and clan of the individual soldier than upon tne steadiness of the com pany and regiment. The French chasseur or zouave will exhibit a dash and spirit in at tacking which are not surpassed by any sol diery, but it requires other qualities than theso to enable an army always to pre sent an unbroken front to a conauerinc? and advancing foe. The French pride them selves on their freedom from tho stiffness and precision which characterize the Ger- man soldiers, but it is these very character istics which have given to the latter their great effective streugth While the .French foot soldiers are chiefly organized to act as light infantry, the Prussians still adhere to the cumbrous three-rank formation, although in battle the third rank act as tirailleurs, or skirmishers, thus giving greater mobility to the rest of the command. If the present war is a test oi tne merits ol tne respective svs. terns, tne old has more than held its ground against the new. The modern tendency in tactics is doubtless toward less stiffness and precision in drill, but the French seem to have gone so far in this direction that steadi ness bas been sacrificed to dash and elan. In all that pertains to logistics or the mov ing and supplying of troops, the French were greatly inferior to the Prussians. The meat sausage with which the latter wore sun. plied formed a good substitute for fresh beef when tbe latter could not be obtained, and was of great service during tne rapid marches upon which the Prussian strategists so much rely. In the matter of bread, too, the Prus sians have made a valuable improvement. Iheir army on the march is cow supplied witn a Kind oi war bread, somewhat similar to the 'hard-tack which the soldiers talked about so much in our war, and which was really a very good substitute for fresh bread. The Prussian staff officers, moreover, were thoroughly informed as to the resources of every town, village, and hamlet in France. They know just how many men could be quartered in eacn town; now large a requisi tion ot provisions and forage each section could furnish, and they were prepared to be indifferent to any plea of inability to furnish w hat was demanded. These are but a few points in which the Prussian military organization has shown its superiority, and whioh has been rendered all the more prominent by the rapidity with which action nas succeeded action. CAPITAL, LABOR, AND TARIFF. From the N. T. WorUL If it were true that capital is hostile to labor, the best and most conclusive evidence of that hostility would be that while labor is suffering capital should be prosperous. But what are the facts? Labor is suffering, that no one denies, ine worEingmen of the United States Lave never before been as badly off as they are now. For their nomi nally higher wages procure for them less comforts and necessaries, and those of poorer 1 i 1 . i 1 11 t - quality, man uieir uommuiiv lower wages ot ten years ago. How is it with capital? The wazes of capital are tho interest it bears. Capital is well oil when the rates of interest are high; it suffers when the rates of interest are low. And never sinco the foundation of the repnblio has interest been as low as it is now, and bas been for the last two vears Leaving out of sight the occasional "pinches in the money market, brought about by gambling combinations, and by whicn legitimate capital never benefits, the rateB of interest have been for several years past unprecedentetuy low so low, indeed, that capital nas frequently lain idle, and per sons depending for their income solelv noon interest on their capital have actually suf fered. Does this iook as though capital bene fitted by the sufferings of labor ? Does this look as though they were hostile to one another ? They are, instead, joint sufferers by the same evil. The radical monopolists rule is ruinous alike to capital and labor. No wonder their organs cease to foster the foolish belief that capital is hostile to labor. No wonder they seek to divide their victims to fan their quarrels, and thus prevent them from uniting against their common oppressor, i When Congr ess tells the "iron ring" that for every ton of iron that they make they may charge oost, interest, a reasonable profit. and sine dollars gold extra on each ton, they give the iron ring a present of eighteen mil lions of dollars gold annually. Where does it come from? The entire product of the whole country is annually divided or should be between capital and labor. Capital gets its interest, and labor whether the labor of the manager, the foreman, or the poorest workman, labor gets its wages. Out of these two, interest and wages, tbe eighteen million dollars gold of tbe iron ring nas to be paid, There is nothing else to pay it out of. No sophistry of the protectionists can alter the fact, that every dollar legislated into the pockets oi the iron ring has to be paid by capital and labor jointly, has to be deducted out of interest and wages. Laboring men readily understand how they are made to pay tleir share in the increaed cont of every ll iDf' tl.ey buy. Bnt capitalists not much wiser than the labor they affect to despise I seem unable to comprehend cow they are made to suffer. We propose to show them. Prior to the tariff of 1861 and its success ors, miuuns or aores of nrst-rate iron and coal lands could be bought in Pennsylvania and elsewhere for $100 an acre. When Con gress decreed that the whole community should be compelled to present the iron manufacturers with nine dollars for each ton of iron that they manufactured, the business of manufacturing iron became very profit able. Where $100,000 invested in a thou sand acres of iron lands netted its owner formerly 7 per cent., it now netted him 70. In other words, his tnonsand acres of Iron lands from $100 an acre soon became worth $1000 an acre, which is just about the proportion in which iron nad coal lands have advanced in value since 1800. The census of 18.ri0 gives the capital employed in the manufacture of pig- iron as $l7,.i.u,uMi, uut does not state what proportion of this capital represented the value of the iron lancis. laKing it at a lov estimate, we will say it was $7,oor,00. In 1850, ri;o,000 tons of pig-iron were produced; in l,.10,OOO touB, or three and a half times as many, (supposing that the number of acres of iron lands employed were in creased in the same proportion, they would, at the valuation of luf.O, which had not ma terially chaDged by 1KG0, have been worth just about twenty-five millions of dolUrs. The $! gold, a ton, presented to the manufac turers by Congress out of the pookets of the feople, advanced too market value of these ands tenfold, from 25 to L'.'O millions of dol lars, and presented the Pennsylvania iroa land-owners with the fritting smm of 22- mil lions of dollars, in capital, in addition to the 18 millions gold of annual income. Let no one say the lands are worth more because they produce more! We know what they produce. In 1K00, 2. millions of capital in vested in iron lands produced 1)00,000 tons of pig-iron. In ltfo't, !.,() millions of capital invested in iron lauds produced 1,900,000 tons of pig-iron, nationally, the value of the lands might have increased two or three fold. But by Congressional legislation they have increased ten-fold, so that at least seven tenths of the increased value is an absolutely noiKinal value, a creation of Congress, a de lusion, a fraud upon the people. Bat while this infamous tariff lasts, these 200 mil lions of capital are a reality. They have to earn interest. They do not aid one dollar to the total annual product of the country, to be nghttully divided between cupital aad labor in interest and wares, but they demand and receive their share of the interest never theless. The total amount to be divided as interest remains the same. But this nomi nal, Congress-created capital steps in and demands its share. Does real capital un derstand now why it earns so little interest ? The figures given may not be correct. We think them very much underestimated. But the actual advance in value is approxima tively correct, and shows what a fearful rob bery is perpetrated upon labor and capital alike, on pretense of protecting domestio in dustry. We have given an imperfect estimate of the single item of pig-iron. Add to that tbe fictitious capital value given to similar amounts of coal lands, to existing iron fur naces and rolling-mills, to railroads running between tbe two, to Bessemer patents and other schemes, and no arithmetician is needed to show that the amounts thus given away by Congress to the iron ring alone, and on wbich tbe entire people are compelled to pay interest, foots up thousands of mi lions of dollars, without adiling one single dollar to the value of the product of the country. On the single item of iron and coal alone Congress takes out of the pockets of the people ot least fifty millions of dol lars annually to give to the iron and coal masters, and adds a thousand mil lions of dollars to their notitious cupital, which takes away from real capital a corres- bonding amount of the interest to which the atter alone is rightfully entitled. It is only by putting these facts into figures that they can be rightly appreciated; it is only by see ing the figures that we can begin to under stand the frightful enormity of the fraud which a radical Congress seeks to perpetuate, By the light of these figures we need no longer wonder at the plethora of Republican treasu ries, at tbe power which, in spite of popular indignation, can still send the crew of Schencks and Morrills and Kelleys and Ameses to misrepresent tbe country in Congress; no longer wonder at the seeming blindness with which Republican leaders so pertinaciously cling to the exploded dootrine of protection Now, let there be a truce to the pretended hostility between capital and labor. Bather let them unite against their joint enemy, for it will need their united efforts to defeat Lim. PEACE THE LAST RESORT OF FRANCE, From the Ar. F. Tribune. All the declarations of the French Ministers are of war. All the acts of the French people are or peace, raris rejoiced over Sedan as over a great victory tbe triumph of repnb ncanism over imperialism tbe nation over the despot. All parties, in capital and coun try, fraternized over the news of a crushing defeat, and reproaches were uttered only for the dead contemptible thing that was the em pire. Its old officials gave place with alacrity, if cot with positive pleasure, to the new ones who represented tho rejuvenated republic The new found no time from their present duties in restoring the cation in which to persecute the old officials for their past offenses in destroying it. Palikao sur rendered the war jviinistry of tbe empire only to assume the command of a corps of the army of the republic The Governor of Paris under tho empire at once became the virtual dictator of France under the republic The National Guard fixed laurel sprigs, cot bayonets, on their guns. The officers of the uarde Jklobile ceased enrolling their recruits. to resign their commissions; and the soldiers of the reserves there are no longer any actives mutinied and threw away their weapons. Everywhere in France there was a peaceful revolution, and with the republic there was born the first hope of a peaoe with the invaders. It is only tne ministers who seem insane enough to contemplate a renewal of the con flict. The most remarkable declaration of this purpose to resist the Prussian advanoe M tbe circular of Jules Favre. It is the mani festo of a Ministry which does not know the state of the public pulse, and does cot feel secure of its own position or certain of its own policy. We do cot, for this reason, attach the fullest importance to it. We be lieve it to be the declaration of a temporizing, cot a positive policy. It can never be a policy so fixed that circumstance shall not soon brush it away. No one knows half so well as the author the vanity of the threats he employs, the fallacy of the hopes he in spires, the impracticability of the terms he requires. The circular demands tnat the con qnering army which holds France bound as a captive shall turn back, abaudomng all it has earned, on the Riiuriio assurance, by an un ehtablihhed administration, that the policy of the new government is peaoe. TheE npire nude the phrase a oatire. It is forgotten by the new Ministers that the first aot of the hrpublio on taking upon itself the power of the Empire wan to assume also its bad quarrel. Tbe defeat of the Empire was no more the dishonor of France than America. Germany baa really been the ally of the Repnblio the ally that restored it by the destruction of the Empire and the rejoicings at Paris should have been thus interpreted at home as they have been abroad. Bismarck was eager for peace after Sedfin, but, like a wise Minister as be is, he refined to treat with the Em pire, because it was powerless to make and guarantee a treaty. Had the new minbters met the Germans at once with declarations of the repudiation of the emp re and of its unjust quarrel, a truce and eaoe would have immediately followed. Will he King of Prussia, M. Favre asks, face the respoi sibility before the world and before Listory of continuing the war, now that the empire is dead ? Certainly he will, and if the present Ministry does cot meet him with ronp repudiation of past responsibility, and asi-uranoes of future paciGo intentions, he will crush the repnblio at Paris as he crumbled tbe empire at Sedan. Dare? This united Germany dares do any act it wills; and it is the surest protection and the gre it ct safety of France that this enlightened nation dares do only that which its free people feel to be just and honorable. Frauce was owerless to prevent Napoleon and Ol i vitr from robbiug, or attempting to rob, Germany; but Germany is strong enough to prtveut King William and Bismarck from octroying France, as they easily might if not restrained by German sentiment and their own reason and bumntty. The French people have seen all this before their ministers have recognized it. They have repudiated instinctively the responsi bility for the war. They have seen, intui tively, as it were, the utter hopelessness of the struggle, and have abandoned it. If this ministr) and this government does not secure a peace and that soon, too it will be blotted out by the indignant people as unworthy of its high trust. THE CONDITIONS OF TEACE. From (he London Spectator. Supposing the Germans to dictate peace, either at Chalons or before Paris, what will be its terms? It may be said that discussion is premature, but it Is the universal topio, and the first business of journalists is to give their readers data for an opinion. In this case, when so much depends upon an individual will, and so much more on the atti tude of Cabinets hitherto quiescent, a com plete summary is impossible; but there are, nevertheless, some considerations which it may be worth while to state. Three plans, which are also policies, are believed to be floating about th Chancelleries, not as plans under consideration, but as embodying in a more or less brutal way the possibilities of tho situation. The first, and, as we fear, the most probable basis of peace, is the one which was popular in Uermany before the retreat of the French army. Tbe Germans then, as cow, expected victory, but only after a long and chequered campaign; and their decision, freely announced in conversation, and carefully suggested, though not defined, in the official papers, was to demand tbe banishment of tbe Bonapartes now styled by thai name in all semi-official papers the payment of the ex penses of the war, and the cession of Alsaoe, so as to restore the ancient mountain frontier of tbe Vosges bet ween Germany and Frauce. TLis basis, which is in one way moderate, and btrictly accords with precedent, is open to the immense objection that while it would crt ate a terrible and permanent feud between I ranee and Uermany, and would violate the modern principle that populations are not to be transferred to foreign rulors without their consent, it would not greatly weaken France. Tbe first object of any government that may succeed tbe Empire would fee to recover French territory, and if at all able or patient, it would either so re-organize France or so bind together the three Latin races, that sooner or later it would recover it. Moreover, all evidence seems to show that although Alsace speaks a patois which is nearer German than French, the people, who have been French for two hun dred years, and who therefore felt the fusing beat of the Revolution, are still French to the bone, and would be a source rather of weakness than of strength to a German em pire. At tbe same time, the loss of actual strength to France would be almost imper ceptible, France losing fewer people, than she acquired by the cession of Savoy and Nice, and obtaining a better frontier. The first grand principle of modern diplomacy, therefore, the integrity of the self-dependent States, would be violated, only to deepen the roots of enmity between the two greatest States of Europe, and mating t. Petersburg, when once armed, arbitress between them. That is not a good result, either for Germany or for tbe world. Seeing this, and seeing also that their vic tory, if obtained at all, will be of the com pletest kind, many Uermans begin to argue that it would be better to remodel tbe map altogether, and, as they must incur French hatred, to reduce the effective power of France till that hatred becomes on ordinary political calculation innoouous. lo effect this end, these reasoners propose a second plan, known apparently in Germany as the "Burgundion" one, under whioh Belgium would be aggrandized by a great slice of Northern Fiance; Switzerland by Savoy which is by nature part of the Alpine Repub lic; Italy by the restoration of Nice and Cor sica; and Uermany by the cession of Alsace and Lorraine. France would then be re duced to a second-rate power, incapable of maintaining a great war alone, and Uer mary would be surrounded by allies dependent on her guarantee for the safety of their territories; while the danger of firm alli ance between Paris and St. Petersburg would be immensely reduced, probably removed, for Austria, which Germany can, if she likes, always conciliate, and, indeed, as we believe, has conciliated, would alone then be a match for France. This arrangement, if successfully carried out, would undoubtedly make the Hobenzollerns arbiters of Europe, and there are ugly symptoms abroad that some plan of the kind has passed through Count Bis marck's mind. We do not like those bints in his papers that it will be necessary after the war to reward the fidelity of his allies to give, that is, territorial rewards to Bavaria and Baden. That points to a policy which U one adopted, may, for the sake of safety, be made ruthless. Fortunately for Europe, which dreads the rise of an almost universal monarohy, there is reason still in German councils, there is a fear of tempting fate too far, and there are enormous political obstacles in the road. All utterances attributed to the King show a spirit of mode ration; he is known to detect war on its own account, and to him, as to bis people, the campaign bas reveuled one immense and hardly -foreseen truth. Germany, under its present organization, is as strong for oil'eu- five war m France, has no reason f weerk- nefts to dread invasion, can inflict for inva sion a terrible retribution. This revelation will of itself inspire moderate counsels; while, on the other hand, Germany, if she tmsht-d her advantages too far, might be met y a coalition. France would fight to the last against auoh a peace, and difficult as it is under the conditions of modern life to main tain a popular war, the pooplo of France, with England to draw upon for aid, and half Enrcpe sympathizing, would be a most ter rible foe. Germany is a nation in the field, a tid ioi a cot want long wars, or wars with powers from whom she has received neither itijnry cor insult, who, indeed, are cot indis posed to regard her rise as a new and power ful security for the repose of mankind. There would always, too, be the risk of the propa gandist force which Franco, as a free Repub lic, is certain to exercise, and of that alliance of Latin races under republican institutions wLich Geimany, if she is carried too far by the exnltai ion of triumph, is certain to pre cipitate. France, moderately treated, maybe Orlsanint; ruthlessly treated, she must be re publican; and France republican must be, in Southern Europe, as a fuss burning down in an open powder barrel. There is therefore a chance, and, as we deem, more than a chance, that the Emperor of Germany, if completely and rapidly vic torious for a long struggle would embitter all sides may set a magnificent example of magnanimity; may by an effort of tran scendent self-control declare, as he has de clared, that his enemy is not France, but only tbe Empire; may decline to dismember France, and may content himself with the full and formal recognition that Germany is one, with tbe glory of a victory beyond all precedent, with a fame which fills the world, and tbe payment of the expenses of the war. The latter, though not a generous demand, is not an unfair one, there being no reason whatever why a Rhenish peasant should be taxed because Napoleon for bis own purposes chose to endoavor to turn him without his own consent into a citi zen of France, and no reasonable estimate of tbose expenses could injure France so much as tbe expenses which will be involved in a continuance of the war. A treaty of this kind would not rankle more than the treaty of 1815, while it would leave Germany in a mag nificent position, mistress of her own desti nies, conspicuously unaggressive, but so powerful that in all regions where she has pressing interests, as in the valley of the Danube, her voioe would be almost final; and with full possibility of an alliance with England which, if it could be carried out honestly and thoroughly, would for half a century guarantee the peace of the world. It is certain that the neutral powers will press towards this arrangement, and it should not be forgotten that they have in their hands at least one consideration to offer namely, Luxemburg, which was Ger man up to 18((, tbe lung-Duke sitting in the Diet by his representative which is of the highest value to Germany, and which would still retain its autonomy, entering the fede ration under a new duke, say, Prince Frede rick Charles. The inhabitants, it is true, wish for neutrality; but that is only to avoid military service, from which they have no right to be exempt at the expenso of other powers, and which the Belgians do not at tempt to shirk. Luxemburg is not guaran teed for itself, but for the general good of Europe, and as the King-Duke is willing to give up bis rights, such as they are, the gua rantors may, for the gonerol good of Europe, withdraw from their position, and replace Luxemburg in ber recent place as one of the States of Germany. There is one point in all the disoussiou ou the terms of peace whioh, we confess, greatly perplexes us. It is repeated on all hands, in Germany, in Paris, and in England, that King William insists upon seounng some guarantee other than his victories against a renewal of the recent attack. This guarantee, it is clear from all published statements, is cot to be territory, which, unless taken on an enormous scale, would be no guarantee at all, but a change of some kind in the inter nal organization of France; and it is difficult to tee what that change is to be. Ia France to pledge herself, as Prussia once did, to keep her army below a certain fixed point ? Tbe result oi that would inevitably be t repetition of Hardenberg's plan, an army ap parently below the strength fixed, but incessantly changed until even7 man in the country bas passed through tbe military mill, and .trance would be better armed than she is now. Or is France to abolish tbe conscription? That, no doubt, would bo a subtle, and, it might be, a terrible blow at her power, for it would delight the peasantry, and if they were ex empted for five years, it may be doubted if any Government would be able, in the teeth alike of the German armies and its own sub jects, to reimpose so terrible a burden. The result would be to compel Frauce to adopt the Swiss system of defense; but there is still a question whether that system, ably managed by a Ministry at tne head of a will ine people, and wielding the resources of t country like Franco, miht not be made at any moment a terrible weapon of otlense. The Germans may have some third plan of which we have no conception, but any interference with internal laws tends to make war inevitable, and Germany needs no guarantee beyond ber own strength, now consolidated, manifested past all doubt, and increasing with every decade. We are not blind to the grand danger which her statesmen see ahead. that whenever en gaged in the war with Russia, which, sooner or luier, in lucYuauiu, i rui w, iu ididuo i 1870, may, in American phrase, "jump upon her back;" but that danger will be increased, not diminished, by a clause in the treaty, wbich every Frenchman would feel, and rightly feel, to be an affront to her indepen dence. SPECIAL NOTICES. nils- Tn PENNSYLVANIA FIEB IN8CK- ANCE OCMl'ANY. At tbe Annual Meeting of the Stockholders of this Company, held on Monday, hepteinoer 6, is;t), the following gentieuien were duly eieoiea Directors for the ensuing year, tlz. : DANIEL SMITH, Ja., i HENRY LEWIS, ISAAC HAZLEilCKST.'J. ! LLlNtiHAM FELL, THOMAS ROBINS, I DANIEL H AD JOCK, J K., JOHN DEVEKKUX, FRANKLIN A. COAILY. 1HOUASSM11H, 1 And at a meeting nf Directors on the same day, DANIEL SMITH, Jk., Esq., was unanimously re-elected President. 9 1H WILLI A V G. CKOWELU Secretary. tiiv NOTICE IS HEREBY GIVEN TH4.T AN cv application will be uide at tbe aoxt meeting of the General Assembly of tne Gominouweiliu of penn)lan.a for the incorporation of a Dank, In ao uordaace with the laws of the Commonwealth, to be entttledTHB BKIDESHURi DANK, to be located at Philadelphia, with a capital of one hundred thou sand dollars, with the right to Increase the kuue to 6e hundred thousand dollars Sy BATCH ELOR'S HAIR DYE. THIS SPLEN. did Hair Dve is the bent In the world, tbe only true and perfect Dye. Harmless Reliable Lnsiau Uboous no disdjipolntuiont no ridiculous uata- "Ims lift (biUu'ti LfaduMfanti 'ilalio J'oimii ro i. jure tli Uair vr frist'm." Invigorates the Hair and leaves It sort and beautiful ; Black or Brown. hold by all lirutrifintts hui dealers. Applied at the 1 aclvry, No. it! BuNUh'ivei, New York. 1 1 imvfj BPEOIAL. NOTICES. gy- THE TRNNSTLVANIA niNi'i' nnuiiK-v FIRE IltSU- KKrTRBH B. 1ST0. Thf tttrectora linv this flay declared ilrilea4 Of SEVEN DOLLARS AND FIFTY CENT per share on the atot-k or the Company for the laat six niontbn, which will be paid to the stockholders or th rlr lesai representatives, after the icth tnat. 6Pt WM. it. CKOWELL, Secretary. tfS NOTICE 19 IIEREBT UIVKN TUAf AN application will be male at tho next mtmf of the -( neral Assembly ot the Commonwealth ot PennnTlvauia for the Incorporation of a Hank, la uo cordHnee with th lawn of the Commonwealth, to be entliifflTHK Bt'LL'S HEr BANK, to he located at 1'hlladelpbla, with a capital of one hundred, thou aaiid dollars, with the rljrht to Increase the tame to five bnndred thunand dollars. NOTICE IS HEREByT OIVEN THAT AP. plication will be made to the Treasurer of the City of Philadelphia for the tsane of a new certifi cate of City Loan In the place of one which has been lost or mislaid, viz., No. 1S,1S9 Bounty Loan, No. 8) for Five nundrcd Dollars, In the name of Buaanna Orr, Executrix. JAM ES W. FAUL, 6 84 6w Attorney of Pnganna Orr. gy NOTI:K IH IIEREBT OIVEN THAT AN application wtll be made at the next meetlnr of the Wetieral Aaxeriibl.T of the Commonwealth of 1'eniiR.vlvania for the incorporation or a Hank, lo ac cordance with the laws of the Commonwealth, t tie entitled TI1K AMERICAN EXCHANGE ll.VNK, to be located at Philadelphia, with a capital of two hundred and fifty thousand dollars, with the right to lncreaaet ne same to one minion noiiara. WW WUTICIS i iui.hb.ui uiiica 111 AT AW application will be made at the next rueetUifr of the General Assembly ot the Commonwealth of l'eniioyivania ior tne incorporation or a limit, in accordance with the laws of the Commnnwea'th, to be entitled THE NATIONAL BANK, to be located at l'hiladeipnia, with a capital or one hundred thou sand dollars, with the right to increase the same to one million dollars. TREGO'S TEABEliRT TOOTHWASIL It Is the most pleasant, cheapest and best dentifrice extant, warranted five from injurious tngreiUeata, it Freacrvea and Wiutens the Teeth t Invigorates and Sooiuca uie Uuma 1 lurllles and Pi rfumes the Hreath! Prevents Accumulation ef Tartar J Clean bob and Purities Artlnv.tol Teeth I Is a Superior Article for Children I Sold by all dnigRlsta and dentists. A. M. WILSON, DniMlst, Proprietor. S S lOra Cor. NINTH AND F1LBEKT Stt., Phtlada, y- NOTICE IS HEREBY GIVEN THAT AN application will be made at the next meeting of the General Assembly of the Commonwealth of Pennsylvania for the incorporation of a uank, in accordance with the lnws of tho Commonwealth, to be entitled TUB SCHUYLKILL KlVKlt BANK, to te located at Philadelphia, with a capital of one hun dred thousand dol'ars, with the ritrht to Increase the same to live hundred thousand dollars. Tuft UNIVERSITY Ob' PENNSYLVANIA. TIIK College Year will open on THURSDAY, Sep tember 15. Candidates for admission will present themselves at 10 o'clock on that day. rUAISClS A. JAUhWK, 9 B int Secretary. gy TUE UNION FIRE EXTINGUISHER COMPANY OF PHILADELPHIA, Manufacture and sell the Improved, Portable Fire Extinguisher. Always Reliable, D. T. GAGS, 6 SO tf No, 118 MARKET Bt, GeneralAenU fcyQUEEN FIRE INSURANCE COMPANY', LONDON AND LIVERPOOL. CAPITAL. X2,000,l0n. SABINE, ALLEN fc DULLES. A (rents, 85 FIFTH and WALNUT Streets. fiy HEATQUARTERS FORJEXTRAUTLNO Teeth with freeh Nltroo -Oxide Gas. Abeotatoty no pain. Dr. . R. THOMAS, formerl operator at tte Oolton Deetal Rooms, derotee his entire prulioe to the Bainleae extraction of teeth. Office, No. ttll WALNUT treot. t Mt stir JAMES M. LAWYER. 8 C O V E L, No. 113 PLUM STREET, CAMDEN, N. J. Collections made anywhere Inside of New Jer scy. s 1 Sot War V A K D A L E G. McALLIBTEK, Attorney and Counsellor at Law, No. 503 BROADWAY, New York. HOLITIOAL.. Uaj- FOR SHERIFF, WILLIAM li. LEEDS, TENTH WARD. T U tf gj- FOR REGISTER OF WILLS, 1310, WILLIAM M. BUSS, SIXTEENTH WARD. Late Private Company F, T8d P. V. fTll SUMMER RESORTS. noncREss hall CAPE MAY. N. J., Open June 1. Closes October 1 Mark and Simon Hassler'a Orchestra, and tul Military Band, of 120 pieces. TERMS 13-80 per day June and September. per day July and August. The new wing la now completed. Applications for Rooms, address 415 J2t J. F. CAKK, Propriotor rpiIE "CIIALFONTE,' ATLANTIC CITY, N -A J., Is bow open. Kailroaa from tne nonie to tn bearb. KL13UA BOHKKTri. i 11 3m Proprietor. FIRE AND BURGLAR PROOF 8AF J. WATSON & SOW, Of the Ut firm of EVANS WATSON. FIKB AND BUKGLAK-PROOF B A F STORES No. 63 SOUTn FOURTH STREET, 8U A few doom boe Chesnnt at. Pbilada, WHISKY, WINE, ETCU QAR8TAIR8 & McCALL No. 126 Walnut and 21 Granite Str IMPORTERS OF Brandiei. WLnet, Gin, Olive OIL Etc! WUOLXSALX PKALKR3 V PURE RYE WHISKIES IN BOSD A-KD TAX PAH). Ktpi ILT.IAX ANDERSON fc CO., DEALERS 1 r ice weaves. No. m North SECOND Street, Philadelphia. fr fiHUHf 1ylr LfUjU IA b"l (A K JLV CcuH i . . i-. e.U' ' i - -. J 3Jll,.Xnflrl,n,,V-!linl.xJ T OHN FARNUM & CO., COMMISSION ME1 1 1 ehAiita endiM naf eotarera of Ooneinej Tioklnc. etJ - itu LjlULBaui reel rtiiuuivu- wm "VNE DOLLAR GOODS FOR l5 CENT U UUfUl DlXOM'b HQ. SI S. ElUUl'U bUeetJ i