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VOLUME X.-NUMBER 1465. CHARLESTON, THURSDAY MORNING, SEPTEMBER I, 1870. S?X DOLLARS A YKAH. TR m mm JJJD?IMH r DISPATCHES. TERMS OF PEACE. BISMARCK DEMANDS ALSACE AND ^ LORRAINE, THE BALTIC FLEET. AND 4,000,000,000 -FRANCS. > _ ENGLAND MAKES A COUNTER PROPO? SITION. THK PKVSSIA.VS JWARCHIXG ON. DEPRESSION nr PARIS. FRAUDS UTON THE GOVERNMENT. TBE ARREST OF THE PRINCESS MATHILDE. -rf - American Repocts, NEW \"QRR, september 7. A special telegram fMm London to the New York Her?ji tnat the English Govern ieni and other neutral powers are about to appeal to Prussia to make peace upon the fol 'Wing basis : The French territory to remain inviolate,-and France to pay the expenses of tte war. That there shall be a general dis? armament in France and destruction of the forts in Alsace and Lorraine. . It ls believed that these terms will be ac? ceptable to the Republic. A special to the Times from Paris says that the new government counts much upon the moral and material support of the United States as their old ally. The morning journals call upon Minister Favre to address himself directly to the Washington Government for aid. These journals forget the large and influen? tial German population in the United States, and this ls the reason that so many American Republicans favor the Germans m this war. The corps ot General Vinoyes is pushing into Paris. The Prussians continue their forced marches toward Paris. The plan of the republican government is to leave the departments free to organize for their own defence. This pla??s universally approved. The Loire of this evening gives a singular aictmnt of the interview between the Em? peror and King William; saying that the King behaved like a brute, and judging from the de? scription of the meeting, must have been drunk. But for the intervention ol the Crown Prince and Bismarck, he would have had the Emperor shot. A special- from Paris to the New York Sun says that the last person arrested by tbe im? perial police was General Clusert, and Prin? cess Mathilde the first, by the Republican police. She was mnniDg away with 52,000, ooof. ? It ls rumored that Vernoy has been worsted ia an encounter with the Prussians. Every day new Imperial swindles are brought to light. The seventh regiment re? ceived blank cartridges, and other regiments cartridges made of sand. The appointment of Henri Martin as major of Paris municipals indicates what will be the character o? the others. Everything is quiet in the vicinity of the city. There is a strong movement on foot favor? ing the appointment of General Clusert as commander of the National Guard. He, how? ever, wants to command the volunteers or no? thing. Keratry is exceedingly unpopular. A special to the Herald last night from Paris says the people are calm and dejected. Theis is no spirit, no Are in the people. No one knows what can be done. The cry is "The Prussians are approaching." 7!:e government was yesterday busily en? gaged in distributing places. The police have been dismissed. Paris has been left unprotect? ed. Troops are marching into Paris; many of them bear the appearance of hav lng under? gone a hard campaign, and must have seen many battles. They are calm but dejected. McMahon's course is attacked by 9ome Journals. There is an ugly rumor that there are no bills to fit many of tte cannon on the fortifica? tions. There is a story in circulation that 100,000 chassepots have been found in the cellars of the Louvre. The French women have issu? d an address lo the women ol all nations. Delegates will be sent by them to King William. Bismarck demands Alsace and Lorraine, tte Baltic fleet and 4,000,000,000 francs. The Red Republican journals demand the dismissal of the employees of the late gov ? eminent. Engineers are mining the height? 01 Mont? martre. The Emperor's portrait at the Hotel de Ville bas been destroyed: that ol the Empress Ls turned to f^e wa'l Not a word is spoken again< Eugenie. English Reports. LONDON, September 7. The Timec, of this morning, in its city arti? cle, alludes to the prostration ol business and unsteadiness of securities, and says that the price of Federal bonds depend upon the suc? cess of the Prussians. WASHINGTON ITEMS. WA?HNGTON, September 7. Secretary Cox i? corresponding with mission aries and religious organizations to secure In? dian agents. The Attorney-General decides that appropri? ations for specific objects are not annual ap? propriations within the meaning ot the law. This allows the lighthouses and publi?? im? provements to be proceeded with. GOU> AND BOND MARKET. NEW YORK, September 7-Bvening. Gold ranged from u? to 144, with late sales ai tbe latter prices. Daring tue afternoon lt exhibited activity, but at the close feU off on the receipt of better London rond quotations, ?losing quiet. Governments opened steady, but closed very dull; sixty-twos 12f; foure 11?; ives the same; new 10; sevens 10 i ; eights 104; forties &f SPECIE. , NBW YORK, SeptetBber 7. The specie shipments to-day were 9306\OCO. fbi? bids for the government gold reached $2,500,000. TBE HEALTH OF GENERAL LEE AND VICE-PRESIDENT STEVENS. AXLKOHANT Sparsos, VA., September 7. Alexander H. Stephens bsa written a private letter to a friend bere, in which he eiatea that be is slowly resaiBin^ his heaitb, and is nowbasily engaged in writiog a school history of thc United States. General Lee bas rotoraid to Lexington from the hot springs, and is ca?ed of the rheuma? tism. The crops in Elstern Virsrir>i:i are suffering from the drought. The visitors to the Virginia spring are rapidly leaving. There is still a throng here. AmoDg them are Generala ?eiuregarci and flardee. AMICABLY ADJUSTED. NEW YORK, September 7. The difficulty between the Erie Railroad and Delaware, Lackawanna and Western Railroad has b??a amicably adjusted-the claim tor a million dollars foi back tolls having been set aside by the Erie Railroad. THE WAR IN CUBA. HAVANA, September Colonel Acesta . reports the billing of forty insurgents in thc Connas region. General Coro is reported to have surrendered. OUR COLUMBIA LETTER. Politics-Thc Citizens and Ute Spraguc Contract-Mr. Hiiguenin's Disavowal. [KROAi OUR OWN CORRESPONDENT] COLUMBIA. S. C.. September 6. Tho Union Refoim Club of Ward No. 1 met last evening, and a large amount ot work was laid out for the diff?rent committees. The meeting was largely attenced, and all are earnest ip tho work. At a meeting of the City Connell this even? ing, Mr. Wallace preseoted a petition, with a very largv number of names of the mos - io - duential Hud the largest loxpayeis and pro? perty holders of our city, praying the City Council to rescind the Spracue contract. After some motions and some dobate, the tvhole mat? ter was postponed until next Monday evening. In the meantime there will be called a masB meeting of our citizens to protest against this outrage, and call upon the City Council to take most positive measures in regari to it. The feeling of the citizens, both white and colored, ia most intense in regard to this matter, and the contract will never bo carried ont. In your last issue, I ssw a card to your bambie servant, from Mr. Julius Huso .'oin. in i which he deuies, 1st. being in collusion with Judge Wigg, in regard to the sale of his laud to the land commission; 2d, that he is Judge Wigg's brorher-in-law; and 31, that he belongs to Jud?e Wigg's political party. Wo are exceeeiogly happy to know that Mr. Boguenin denies tue above statements, and we tender him our moat humble apology for having misunderstood his position, and offer him our heartfelt congratulations that be is free from all three charges. There is a small Radical meeting here to? night; about two or *hree hundred persona of both sexes present, ihe meeting was address? ed by Edwards, (colored,) and Ho^e. 'i he last made a speech an hour in length. Adam Johnson, (colored ) one of the bolters, not, setting a position, sneaked back into tbe Rad? ical party and was received into the fold with many rejoicings, mixed with cheers ot dfrieion. LARA. SCOTT'S TACTICS. INCENDIARISM AND HOMICIDE IN LAURENS. Thc Effect of Joe Crewt'g Teaching?. A correspondent of the Columbia Phoenix, writing from Laurens County, says : The teachings of Joe Crews have at last been brought to bear on a portion ol our commu? nity. His advice, in his speech at Waterloo, as reported by those who heard it. was, "that thc blacks should never unite with the Whites in any movement-that lt they (the colored people) wanted provisions, and could not buy them, to go into the fields and get what they wanted. If the whites did not settle with them the way they thought was right, to burn them out of house and home-not to leave one stone upon another-that matches were cheap: any one could buy a box for five cents." How long shall we submit to such conduct ? Shall we sit quietly and allow such incendiary speakers to go through the country teaching the credulous negroes to pursue such a course ? It he was the lriend-as ne pretends to be-to the negro, he would certainly teach them verv differently. On Wednesday a young man by thc name ot William Hunter had two negro men arrested for stealing wheat. He went to Thomas Owens, trial Jostice-brother of Y. J. P. Owens, sena? tor from tills county-and procured a warrant. Owens sent his constable, Tumbling, and with Hunter, arrested and brought them to town. They were carried to Joe Crews's house, where Trial Justice Freeman lives, to get a commit? ment. Whilst there, Hunter left the prisoners in the hands ot the constable, and when he re? turned he found that one white man (Adam Crews, son of Joe,) and several negroes had ordered the constable to release them, and they did then and there set them free again. As Hunter returned home he was cursed and abused, and told to "try it again.*' On Thursday night, between 12 and 1 o'clock, the store-house of W. F. Beard was discovered to be on fire. The alarm was given, and in a short time the flames ware arrested. The colored people who were present worked faithfully, and deserve great credit for their conduct The building is on the northwest corner ol the public square-a one story wood? en building. The fire was kindled between the weather-boarding and corner casing , or column, and also about the centre of the end of the building, which was fortunatelv smothered. Matches and lightwood kindling | were lound; hence there eau be no doubt as to the origin of the Ure, as lt wa9 doubtless lue work of au incendiary. < On Friday night, about half-past 0 o'clock, the most unfortunate tragedy that ever baj>- ? pened in our community took place. Thomas R. Montgomery was shot and killed in hie room by Thomar A. Tobin. As the matter will undergo j iidlclalinvestlgation, we will refrain from giving any more ot the particulars. Mr. Montgomery was a yoong man. about twenty one years of age, son of John D. Montgomery, of Spartanburg, and was clerking for Mr. John Kyle. Mr. Thomas A. Tobin is a member ol the firm of Tobin &, Moseley, and was well known not only here, but you might say. all over the South,* having travelled extensively before the war in the iuterest of Hotchklss, Fenner & Bennett, of New York. He ls a na? tive ot Augusta, Georgia. Both stood well aud have many friends. The whole community lament this sad affair. Mr. Montgomery was a. consistent member ortho Presbyterian Church at this place, and truly. "None knew him but to love him.'' I will sute that from some misunderstanding, the parties referred to had had a fight in iront of tho hotel and, when ported, Tobin went to his room ia the hotel, and Montgomery to his, over Kyle's store. Tobin came out of the hotel and asked some one where Montgomery was. They replied that they did not. Know-presumed he was in his room, as there was light up there. Tobin crossed the street, went up stairs, a few words passed, when a pistol was fired twice, one ball entering the lower bowels, and ie sup? posed to. have cut an artery; thc other ball wus buried in the outer frame of the door. Tobin went into his store. The house was surround? ed by the constabulary and the militia Tobin refused to surrender until about 4 o'clock A M., when, after consulting with his attorno; he oonser.ted to give up, and wae lodgp-.i l? I write you this that you may know the true situation In Laurens, knowing full well tait maov wild rumors will be in circulation. THE ADVANCE ON PARIS TROCS V iJiHC LAMES THAT THE CAP? ITAL IS SAFE. QRAXMONTS OPINION OF UTE NE ff-SOBN REPUBLIC. RUSSIA PROPOSES A PEACE CONGRESS* PRUSSIA RESPECTFULLY DECLINES. EUGENIE IN PRIVATE LIFE. THE POSITION OF AUSTRIA. FACTS AND EV MO RS. THE NATIONAL GUARD FAILS TO CHECK THE LANDWEHR. TROCHU AND THE MINISTERS. REMOVAL OF THE CENSORSHIP OF THE FRENCH PRESS. NOON DISPATCHES. The Position of the United States-Facts and Rumor?. PARIS, September 7. Jules Favre, the French Minister of Foreign Affairs, is awaiting the response to a dispatch sent by him to the Government of the United States. It is thought that the reply will pro? duce a great effect throughout the country. Every French town heard from joyfully ac? cepts the Republic. Thc engineers are destroying the tunnels running east from Parle. The E.x-Empress. BRUSSELS, September 7. The Empress Eugenie is the guest of the Hooven family at Chateau Neyeuse. near Brussels. A Peace Congress. BERLIN, September 7. Russia ls about proposing a Congress of the Great Powers. Prussia will certainly decline to take part in it. The Prussian Advance-Paris Slaking Ready. PARIS. September 7. The Prussians were at last accounts ?.t Sis sone, marching rapidly towards Paris, Ther* is no news from Strasbourg. General Trochu reiterates the statement that Paris is safe. The Prussians have reached Suone, as here? tofore reported. Trains are arriving hourly from the front with artillery, cavalry and Infantry. The rolling stock ot the Eastern Railroad has been concentrated here, and sent West and South. The Republic in Rome. ROUE, September 7. The proclamation of the French Republic caused a profound sensation here. The arrests by the authorities which were numerous be? fore, are now greatly multiplied. Reports from London. LONDON', September 7. The French National Guard failed to check the Prussians crossing the Rhine near Mul? hall?. The wounded at Sedan are distributed in the villages and farm-houses of the vicinity. Twelve thousand of McMahon's army are at Mezieres. Twenty thousand are between Von zieres and La Chene. Trochn and the Ministers. PARIS, September 7. The news is confirmed that the Orleans Princes are ea route for Paris. It is reported that a difficulty has occurred between Trochu and the Ministry. The Minis? ters yielded, and harmony is now restored. The difficulty arose from a proposition for arming all classes, which Trochu successfully opposed. Immense preparations for defence are going on incessantly. The army is retiring before the Prussian ad? vance. But one sentiment .-eenie to prevail amoug the people, viz: the necessity of defending the Nation. Organization ls quietly in progress. No dissent is expressed in any quarter a? to I he necessity of the Republic. There is great rejoicing at the removal of the censorship over the press. All the war news, wMh full details, ls now published with? out hindrance, and the arrival of the Prussian advance at Slssone is publicly announced. [NOTE.-Sissonne is a market town of France, department of Aisne, twelve miles east of Laon.] NIGHT DISPATCHES. K u f 1 i > h W ar Reports. LONDON, September. 7. The Times says that if France refuses to treat, the Republic will perish, because the French are more jealous ol their military glory than of the rights of others. ,The .Times has several bitter articles on the absence and apathy of the Queen and Princes, who are deer-stalking while Europe is quaking to its foundation. The English Ministry, by herculean efforts, have restrained Greece from hurliug her vast energies into the contest. This is thc summing up of England's conduct in the supreme crisis of Europe. American War Reports. New YOKK, September 7. The New York Herald ha? a special dispatch from London which say6 that the Prince Im? perial was strictly private during his journey, hlB governor prohibiting any conversation on account of his health. The Duke de Grainmoni is also in London, having made his escape via Havn\ He con? verses very freely, and gays that the revolu? tionary government cannot stund. All recent events tend, he says, to prove that it? members have not the confidence of the peo? ple. The mea now ia power are those whose efforts have been directed heretofore to em? barrassing the government and to Insure the failure or the war. The Republican agents were constantly endeavoring to shake public confidence and to destroy the discipline of the army. He attributes the loss of several battles to this cause, and does not see bow the foreign governments can recog? nize the Republic. To-morrow another batch might get up and declare themselves a Provislonul Government, and Involve the city in bloodshed. He considers that such a result will be moro probable If arms are placed in the hands of the lower class?e. The first new reverse, or tte appearance of the Prus? sians before the city, might be the signal for the overthrow of the pres? ent self-constituted ministry and the creation of another. Grammont has confidence in Tro chu, but apprehends that lie may not be per? mitted to have his own way. He believes that France is fully able to vindicate her honor and to expel the Prussians from her territory. He declines to express an opinion as to the future late of the Emperor or his dynasty. De Grammont had a long interview with Mr. Gladstone and Lord Granville to-day. The Instruction? to Lord Lyons, the English Minister at Paris, are, lp effect, to recognize the actual authorities, but to avoid, a? far pos? sible, a formal recognition. The Position of Austria. VIENNA, September 7. It is asserted that the accession of Austria to the neutral league Is qualified by the condition that mediation is prohibited. Resignation of an Ambassador. ST. PETJSRSBUIIG, September 7. General Fleury, ?ae French Hinteler, resign? ed, and immediately left the conntry. ADDITIONAL DISF ATCHES. NAPOLEON'S LETTER OP SURRENDER. PARIS, September 4. The Gaulois gives the following as the exact text of the letter ot Napoleon to the King of Prussia: "Having no command In the army, and having placed all my authority in the hand9 of the Empress, as Regent, I herewith surrender my sword to the King of Prussia." FROM THE KINO TO THE QUEEN-HIS MEETING WITH THE EMPEROR. BERLIN, September 5. The following dispatches have been received here from the King to the Queen, dated Varen nes 8 o'clock Sunaay morning: What a thril? ling moment that o? my meeting with Napole? on! He was delected, but dignified. I assign as his place of Immediate stay Willlamshoff, near Cassel. Our meeting took place at a small country-house opposite the western glacis of Sedan. When summoned to it, I was Inspecting the positions bet?re the place. You must imagine my recepUon among the troops; it was indiscribable. Their exultation was overwhelming. At dusk I ended a five hours' ride, and at one in the morning returned hither. May God aid us further. WILHELM. TUE EMPEROR'S VISIT TO THE KINO. A Prussian officer saw the Emperor on Sat? urday at a cottage near the Prussian headquar? ters, with two Prussian cuirassiers guarding him. The Prince Imperial ls reported to havo been seriously ill at Avesnes. Ou Friday morl? ing the Emperor rode from his place of deten? tion to call on the King as a visitor rather than a prisoner. His barouche was piloted by two Uhlans, and surrounded by several gene? rals, the Imperial plquers, in green and gold, being his only body-guard. The Emperor smoked a cigarette as he rode. TUE SURRENDER OF THE EMPEROR. When the object of the visit of the French flag became noised as the surrender of the . Emperor, the enthusiasm was moro than* French. The bearded fellows discarding their weapons, threw their arms about the ne-rest necks and set up the Marseillaise and Parrnnt Pouria Syrie, which for some time nmg through the camps until the King silenced lt. The soldiers shouted around Bismarck, who, when silence .was regained, said: "Gentlemen,. 1 am nothing in this war; thank the King; thank General Mollke."' After further uproar he resumed: "Well, if I am rcponslble for any? thing, it ls for the powerful aid given to us by the Southern States, for to them we owe this latest victory." The population of Sedan waived a Prussian flag on the ramparts when the firing had ceased. . THE TEMP EB OF THE EMPEROR. It is B lid that a friend, condoi! ag with the Emperor on Saturday, expressed a hope that hie popularity in Paris waa not gone. The Em? peror replied : "It matters not; I shall return there to exact a reckoning, noe to give one." MOVEMENTS OF THE EMPEROR. BOUILLON, September A The Emperor, with a suite or one hundred persons, on horseback and carriages, marked with the Imperial cipher, arrived here at noon, escorted,by an armed for.*o of Prussians. He is going to Germany, via Liege. Consent to his passage had previously been gained from the Belgian Government. It is not true that the Prince Imperial is a gu2St of the Prince de Chimay. He was last heard of at MaubcDge this morning. The Emperor is reported to be seriously ilL VEBVIERBES, September 6. The Emperor arrived here nt five o'clock on Sunday evening. He altgnted at the railway station and proceeded to the hotel, where he slept for the ntsht. He loaves to-night for Cassel. The Emperor Is accompanied by Count Chopiene, Prince of Moskowa and other*. TBE IMPERIAL FAMILY. BRUSSELS, Septtmbor 5. The French Prince Imperial has reached Namur. He coes to rejoin his father near Cas? sel. The Empress Eugeoie is hourly expected to arrive here for tbe same destination. TBE NUMBER OF M'MAHON'S ABM?. The "Independence Balgo" says when Sedan surrendered it contained 70,000 soldiers. Last night 15 OOO more surrendered to the Prussians, and 3JCO90 took r^uge in Belgium. From these figures it infers that McMahon's army did not greatly ex.-oad 115 OOO men. THE PRUSSIAN LOSSES are wonderfully small, notwithstanding rifled cannon, minnies and mitrailleurs. General F&itly was killed, not by bis own mm, but by Prussians. When his body was found the right arm was go:i.\ and there waa a frightful wound from a greuade io the thigh. SEBOE OF M-.12. A dispatch from B;rhu Bays the Germana have discovered a hidden aqueduct, on which Matz depends for water. They also captured Hazaine's dis Dutch bag, the contents of which show that the French are in a desperate con? dition. An early capitulation is looked for, and the Germans aro making noble prepara? tions for the treatment of the French wound? ed, with whom the oily must bo filled. The prisoners taken by the French havj been re? leased and sent out of the fortress on account of tho scarcity of food. Complaints com? from Berlin that Germans staying m France are bar el? ly treated. UHFOPULARIT? OF IMPERIALISM. PARIB. September i-6 p. M. Some of the shops .if tbe more favored pnr vevore of the Im penal family are menaced, and will probably be gacked. In all parts of the oit? people are pointing out and taking down the Imperial arms, fearing au attack by tho mob. lu the windows of tho shops whore photographs are displayed care bas been taken to remove those of tho lmpsrial family a id all those ODnnected with them. The National Gnard is ont iu force to repress mure serious trouble. Mobs continue to tear do.vn the signe contaioing the Imperial arms and meiLla. In some cases the people have climbed up the highest stories to tear from the theatre* the word imperial. Extreme care is evinced to re? spect the arms of other nations. In one of the streets a large crowd was upon the point of teariog down a representation of tho Amcncau eagle. A6c?i faining their mistake, they shout? ed loudlv "Viva la Bapobliqu* Am>noainer Tile police are uo longer to bj seen in the streets. _ , " A corree xmdent of the Daily News at Pans says: At three o'clock Sunday afternoon bc Baw the palace of the Tmlerhs invade 1 by a mob, who tore down the throne, destroyed everything marked with tho Imperial bees and other Napoleonic insignia, and carried awav and cast into the 8eine al! busts, staines and pictures of the Bonapartes. MEBTIMQS AND RESOLUTIONS. STUITOABDT, Septem'jtr 3. A a crowded meeting held here to-Jay tbe following resolution w.<s adopted: Resolved, That Germanv refuses: mediation on the intervention or the powers. Other resolutions were adopted, demanding the in? corporation of Alsace aod Lorraine at a Dart of Germanv. as the oily guarantee against French greed, and as national compensation for the expenses of tho war. That the Ger? mans most now beonenatioa ia one State, with ono army and one Pirliament, and that these are the only eecorities for a permanent peace for Uermauj and Europe. THE 8 KRX AS-AMERICAN STEAMERS. JjoxDJH, September A The steamer* of the Germax-AaaoricaD linea ' which have token refuge in Southampton har? bor are literally crowded with bunting tiDce the receipt of the newe ef McUahou'a sur? render. THE WAH TO BE COKTINTJED. WASHINGTON," Septimber 5. The following official dispatch has just been received at the legation of the North German Union: "Emperor Napoleon having declared that his captivity prevents bim from negotiating the peace, the Fre.ich Government being at Pari?, the war will still be continued." TUE FREy?HSUEREND BR. Vlt wi of the American Press. The surrender of Louis Napoleon to King Willi ard creates great sensation throughout the United States, as, of course, it does all over Europe. As the views of the leading pre? will be read with Interest, we make the subjoined extracts from our exchanges: tPromthe New York Times.] What will become of France now no man can tell. Whatever may be the counsels which prevail at the moment, there can be no question as. to the course which France ought to pursue. The war ought to end at once. The Freiich people must oe content to make the best terms they can. They are in no condition now to continue a struggle on the scale which the overwhelming power of Germany would render necessary. A Republic may be declared wlthin.four-and-twenty hours, but it will come too late to chauge the fortunes of the war. The stars In their courses fleht against France. Everything now depends upon the nature of the proposals which Germany is willing to sub? mit as the basis ol negotiations lor peace. We do not believe that any third power will at? tempt to Interfere with Germany in this mo? mentous settlement. She stands to-day vir? tually mistress ol Europe. For her, too, the Republic will come in time-but the populari? ty of the reigning King, covered as hera with the glories of the war, may postpone the ar? rival of this event. It will be a happy circum? stance If we are able to record in a few days thal the French people have accepted the de? cree which has gone against them, and de? clined to sacrifice any more of their noble troops in an unequal struggle. [From the New York World.] The crash of the Empire is its final and irre? versible criticism. The Emperor has fallen clearly, unmistakably, undeniably-because he deserved to fall, ?nd he deserved to tall, as all men may now clearly see-and here for us in America Ia the lesson of the great event because he was an Emperor. It ls the system that has surrendered, not the man. For now. If ever, is the time for all calm and candid men to do Justice to the great qualities, alike of mind and of character, which have enabled Louis Napoleon Bonaparte, for nearly the life? time of a generation, to All the most conspic? uous position In the civilized world with so n.uch skill and. force, with so much prudence and lorccast. and such a varied capacity as will injure to his name, in the annals of our times, a place as marked and as marvellous as that, of any sovereign recorded In history. Those mistakes ot his reign, which can be clearly traced to errors ot judgment on his own part, may easily be paralleled alike as to "number and to magnitude In the career of any? one of the very most illustrious among the rulers of mankind. His greatest political blunders have not been greater than those ol the rim Napoleon; his military misadventures have been much tess numerous, and lt ls still premature to pronounce them more disastrous to his people than those of the grent Frederic. (From the New York Herahl.] What ls to be the late of France ? It ls not our opinion that Prussia will be unnecessarily exacting in her demands. She will, no doubt, according to thc laws of war, demand compen? sation for thc expenses she has incurred and the losses she has sustained. But there is no renson to believe that sh* will use her power to Impose a government upon France, contra trary ro the wishes of the people. She could not. do this without losing, morally, the fruit ot lier great victory." To restrain the French people In their choice of a form of government would shock the good sense ot the entire world. Of course we are here taking lt for granted that the war is ended. We do not think that Paris will hold out, now that r?sis? tance Is simply suicidal. Presuming that the war IB ended, that Paris is not bombarded, that the French people are permitted to say after what fashion and by what means it is their wish to be ruled, the French people will be blind to their own interests, will lose, a splendid opportunity, If they do not go in heartily and as one man for a republic. Sure? ly they have seen enough and experienced enough of the worthlessness of royal and im? perial figure-heads. In its new role as a repub? lic, France might soon recover its place as the I central power ol Europe. [From the Sunday Mercury.] What effect the surrender of Napoleon will j have upon the course ol the war and upon the temper of the French people in the present crisis remains to be seen. A grand opportuni? ty Ls now presented to them of ridding them? selves at once and forever of thu tyrunuous system by which they have been sn lung op? pressed, and if their leaders are wise they will not allow that opportunity to be Lost. Tnat a nation so capable of great achievements, whe? ther in peace or war, as they have shown themselves-so worthy ot freedom and so equal as they uudoubtedly are to the task of self government-should remain in submission to monarchy, of whatever form, is a calamity not only to themselves, but to the whole world. Napoleon has been conquered, but the French may yet be morally the victors in this war This defeat may be the means of their deliver, ance and salvation. If they only play the part of good mea and true. [From the New York Evening Post.] The capture of Napoleon alone might have been a relief to France, where he had become merely a name for bolstered incompetency, and a' target lor epigrams; but the surrender of McMahon's army is the surrender of the military power of France. Thtire is now no army In che field which can stand for a day be? fore the overwhelming advance of Germany; and even such fortresses as Strasbourg, Metz and Paris cease to be of value when they have no armed support from without. There is probably no house in France upon the site of which King William might not make his bed and sleep in Deacc, within a month, if he de? termines to do lt. It is the empire that passes away, while France, once more in charge of her own destinies, will gain more than she loses by the humiliation she suffers, if with de? feat comes the wisdom to accept and improve lt. The true greatness ot nations is not In standing armies anti io the employment of barbarous warriors, but id the arts of peace, for which free France has resources second to no people. With her literature, art and poli? llos no longer corrupted by a despotism, she may enter upon a lar nobler career than could have been hers tor a generation to come, were Napoleon to-day dictating terms of p?ace in Berlin. [From the New York Express.] ..Without prejudice to the Reg**! < y*? is the proviso on Napoleon's surrender. Jut where will the regency stand and what will become of it when the people of Paris learn how they have been deceived, and how remorselessly and shockingly they have had the situation lalsifiecl to thora, day alter day ? When it is known In Paris that McMahon lias capitulated, that Bazaine is comparatively powerless, and that the Emperor is the captive of King Wil? liam-and. apparently, they have all this to learn yet-what will they do ? How much re? spect will they feel and show tor the Emperor, for the ministry, or for the general who com? mands In the* metropolis ? The revelation must soon be made. What will be the effect ? What will follow the empire? Who will suc? ceed Napoleon ? These are the exciting ques? tions ol the day and hour. Napoleon ls no more the ruler of France, but great will be the difficulty of a successor. When the Emperor i goes, who shall be king ? or If a king is voted : down, who shall preeide over the destinies of France ? An Orleans prince put upon the throne of France by Prussia would be detested In France. A legitimist cannot rule there for the French people would rise In arms against tills. In any event, the future, whether repub? lican, kingly or an empire, is full of doubt and grave uncertainty, iii we know ls that the days of Napoleon are numbered, and that the soil of France is at almost all points trodden by bitter foes. It is only barely possible that the fate of Napoleon may lead Prussia to con? sent to something like reasonable terms in her claims tor the cost and losses incident to the war. IFrcm the Washington Chronicle.] The lli-etarred Emperor may find his best mend in the German monarch. Better to be his prisoner than the victim of the infuriated Parisians. He was sixty-two on the 20th of last April, ten years older than his great uncle, who was iuBt fifty-two when he was sent to St. Helena. The world will have no further fear of the Napoleons. Their day hos closed. LOUIB the Last need be sent to no barren rocks to eat out his own heart. He ls too old to arouse enthusiasm. Never possessed of the magnetic power, he can be left free to rumi? nate over bis miseries. Men have no further use for kings. The most triumphant one In the world to-day. William of Germany, will consult his own Interest by avoiding any ex? cessive violence to Louis Napoleon, or any despotic demonstrations. Germany is as full of Republicans as France, and ot a sterner Behool, and they. will tolerate no. fetters on their limb? If sought to be placed there by the men who proclaimed .their determination to strike off the Frenchmen's chains. We look, therefore, lor magnanimity and moderation from the German monarch. [From the Tribune.] The surrender of Biz tine must of necessity follow. Ho is as powerless to continue the struggle now as Johnston was after the sur? render of Lee; and as with the capitulation of Lee's army all the forces ot tbe Sontheim Con? federacy laid down their arms, so with the fall of McMahon the rest go to the wall, Baziine knows how hopeless is further resistance on his part, and hi will not attempt ir. Stras? bourg, Thionviile. all the fortresses of the Moselle and the Rhine, naturally fal), after a brief delay, into the bandi of the Germans. Only at Paris can the bloody scenes be re npwed: and there the danger is of civil con?*ol eionB, bot foreign invasion. When at length the deceived people of the capital realize how they havo been betrayed, the revulsion of feel mc will be terrible, an i the military forces there will bi powerless to prevent the punish? ment cf the traitors and tbe overthrow of the semblance of imperialism which remaies to in? sult them. Wo apprehend tbat the most pain? ful scenes of the war are yet to follow in the capital, fbe only encouraging thought ia that the revolution, which nothing can pre? vent, and which we tear may be bloody, will result finally iu tha expulsion forever of every shred of tDe shattered Napoleonic dynasty from the country it has rained. Of what may come after we do not speculate. We fear a re? turn of the Orleans; we hope for a Republic wo pray that France may emerge from her sea of troubl?e ch ia tened, purified, and free-we join iu thc pteins of victory that chant all hail to United Germany I THE WAR1NEWS, FROM A BUSINESS POINT OF VIEW. Why Gold Continu?is Steady. The New York World takes the following view of the strong features of the financial situation as affected by the war news : On Friday night gold closed at sixteen and a half (16},) the blas of information at tbat time being decidedly In favor of the French, and our natural Inclination to regard it as about time for the tide to turn and the Prus? sians to meet some reverses strongly as? sisting the upward influence of the war news. But on Saturday came news ol' such Prussian successes as lead to a very gen? eral impression that thc war is over, and yet the closing price of gold was no lower than lourteen and a quarter (144, ) showing only a decline of two and a quarter on such a reversal of information as can only be proper? ly described as astounding. Coupled with tbis, under the circumstances, very moderate de? cline in gold, there meets us the other fact that, stocks and bonds moved with apparent reluctance in unison with the news, and by no means present even the limited change notice? able in gold. Such a state of finance, upon such information, is certainly remarkable, and seems to imply either that the business mind Is not much shaken by the bulletins, or, if shaken, has had Its equanimity restored by some extraneous stimulants. Those stimu? lants lt ls perhaps possible to mention, but, be? fore so doing, the nature of the news demands a word. Marshal McMahon's army was perhaps the j flower of France. To its complete organiza? tion every energy ot the Empire was bent, and when, moving out from Chalons, it took the road to Montmedy, it was, in all proba? bility, a splendidly equipped body ot some? thing like one hundred and twenty or one hundred and fifty thousand veteran French troops. Public expectation went with lt, France followed lt with eyes of trustful affec? tion, and when lt was reported that McMahon was on the march, Prussia, as well as the rest of Europe and America, no doubt felt that the chances were in favor of the Marshal turning the tide. That he had turned lt wan, In fact, the first Information; but with one flash of the cable, England and America learn that the Marshal ls wounded, his army surrendered, and the Emperor of the French a prisoner lo the Prussian camp. Information such as this ought to have revolutionized che leading mar? kets of the world; but the effects are only, as hereinbefore stated, a fall of two and a halt per cent. In gold and a sluggish movement in bonds and stocks. It ls in ali likelihood the case that when the business mind asked Itself "What, next ?" alter the news, as it always docs ask that question alter any important Intelligence, lt said to it? self "The republic." A proclamation of the re? public is pretty much synonymous with a pro? longation of the war; and, with such prolonga? tion as probable, or even possible, it is not surprising that the financial tone should exhi? bit a reluctance lo move as swiftly towards peace as the bulletins would seem to necessi? tate. Further still, there ls a sort of financial sorites deducible from the situation which cul? minates In high gold and low bonds; thus. If France is made to pay the Prussian war bill, German securities are relieved from the de? pression of immense expenditures; BO reliev? ed, they become attractive, perhaps from thc amazing accession of prestige to Prus? sia, even more attractive than they were prior to the outbreak ot hostilities; being thus attractive, German money will seek German securities, withdrawing from American bonds to make that investment; and such a ?vlth drawal on any even moderate scale brings about Inevitably high gold and low bonds. In view of these, and some other contingencies a coalition, say to guarantee France against dismemberment, or an extension of the field ot war by a division of opinion on the subject or such dismemberment-It Is easy to see why ti> a ti nanci a I contres of Europe and America discount the war news so heavily as our finan? cial reports indicate to-day. A great empire, primus inter pares for a thousand years, an empire that has survived Cressy and Waterloo, ls nut, says Business, to be whiffed away into impotence in a single day. WHAT YACHTING COST'. How Sonic of the Fashionable New Yorkers Spend their Money. The great ocean race just concluded be? tween the Cambria and the Dauntless will no doubt give an i m pet m to yachting amusement among the American people equal to that caus? ed by the victory of Commodore Stevens's yacht.America in 1651, or the first ocean race in 186G, when the Henrietta wits the victor. When tho America, to tho astonishment "of the whole world, won the Queen's cup. and beat all the yachts in English waters, yachting as an amusement was but a little in vogue In this country. At that time (1851) there were scarcely a score of yachts owned In New York, and the New York Yacht Club was looked upon, by the very few who were aware of its existence, as a drowsy, fossilized association of old fogies. Now, the yacht club has over 300 members, and about 60 yachts, and.two ad? ditional yacht; clubs have sprung up-the At? lantic ami the Brooklyn-with a large member? ship, and each having between 20 and 30 yachts. So that there are at the present time upwards of 100 pleasure yachts owned In New a ork and Brooklyn, which, in point of ele? gance and speed, will compare favorable with the same number of yachts any? where else on the globe. As the dis? position among our people to engage in the amusement of yatching is, therefore, rap? idly Increasing, and will be likely to Increase Billi more rapidly in the future, lt will doubt? less be interesting to have a large class ol our readers to. know what it coats to build and, maintain a yacht. In answering this question. ' it may be well to state at the outset that main? lining a yacht ls a good deal like keeping a team o? horses-the expense attending will depend a great deal ou die tastes and habits o? the owner. If he is what ls called a "fast man," and will be content with nothing short of the fleetest and best appointed yacht, and ls, moreover, disposed to entertain a great deal of company in his yachting excursions, lt will cost him a great deal more money than It would to maintain a yacht for the amusement and recreation o? himself and his family during the summer months. COST OF BITLDCCO A YACHT. Yacht-builders estimate the cost of'eon* structin| a yacht according to the tonnage. u . ??? wf? a*"00dyacht couIdhe builtfor about $60 or ?70 per ton, including the fitting out and al]the appointments. This waethe price asked by George Steers, who built the America. During the war the cost of yacht bulldiug as ol everything else was" largely in? crease.!, and yachts built in that period cost from $150 to $200 per ton. At present the price is about $50 per ton for the hull and spars, and $50 more for the equipments. An elegant JCAM, with all its appointments complete, can now be built for $100 to $130 per ton. Of course lhere is no end of the money that may be expended in.the way of luxurious fur? nishing for the cabins and extra appoint? ments. In this respect it ls like a carriage, which may be purchased for $2600, or may be made to cost $25,000. Mr. Bennett's yacht Dauntless, which ls the largest one be? longing to the New York Yacht Club, is said to have cost $65,000. - The Cambria was sold by Mr. Asbury, before leaving England, for about $30.000, gold. Mr. Osgood's, of the New York Club, cost from $35,000 to $40,000. These are all schooner yachts of large tonnage, and fitted up in most elegant style. The Calypso, a yacht of 110 tons, belonging to Mr. A. S. Hatch, is also one ot the most elegant ot the smaller schooners belonging to the New York Yacht Club, and cost about $30,000. The cost per ton of building yachts ls the same, whether they be schooners or Bloops. The largest schooner yacht in the New York Club, (the Sappho, belonging to Mr. Douglas,) ls- 274 tons, and the largest sloop, i the White Wing, belonging to J. J. and Wm. Astor,) is 55 tons. COST OF MAINTENANCE. The necessary cost of maintaining a yacht dorins the yachting season, which ordinarily includes the months of Jane, July, August ana September, ie about as tollowB-ordinary and extraordinary repairs to the yacht included : Crew. Fay per month. Captain.$100 Mate...:. 60 CooK. MXo$7? Steward. 30 Sailors (four) each. 20 to ot Total about. $300 The number of sailors needed will of conree depend on the sise of the yacht. For a schooner yacht of 130 tons, four will answer, and for sloops of 30 to 50 tons, two will be suf? ficient. The C03t of provisions every one ctn estimate tor himself, and gauge the expenses according to tastes. It would appear from the above that the necessary costs o? manning a schooner yacht, which will accommodate a family of ten persons on a cruise, is not far from $300 per month, exclusive of provisions -not by any means an expensive amusement, in view ot the comfort and beastliness of the pastime. Many members of the New York Yacht Club say they can take their families on a summer cruise iu their vacbt at a less ex? pense than they *ati stay at borne, and for less than it would cost to take them to a watering place. The usual summer cirri -e of the New York Yacht Club, as a club, is through Long leland Sound, touching at various pointe on the route and continuing on to New London, Newport, New liedford, Holmea's Hole and Martha B Vineyard. Individual members of tbe club frequently extend their cruise to Nau turk, and so on to varions pointe on the coast of Massachusetts, and run up as far as Maine, but the clnb yachts seldom go together beyond Martha'd Vineyard. During tbe winter eeason it cost? about $10 per month for storage and vrat ching of a yacht, the yachts o? the New York Club lay up at various plac?e-Mystic, New London, Newoort, - Port, Chester, ano elsewhere. Occasionally one of the yachts may take a winter cruise in the West Indios, but the basinees engagements of most owners of American yachts generally preclude yacht? ing in the winter time. THE MILITIA. X Way to prevent Collisions. [From the Columbia Guardian.] We learn, upon undoubted authority, that a company of white men organized at walhalla has not been accepted by Governor Scott, al? though the captain paid two visits to Colum? bia to secure this small boon, accompanied once by the senator of the County of Ooonee, who exerted himself in his behalf In vain. A. colored company has since been formed in the same place" and accepted. Of this company, James Keith, colored, is the captain-a noto? riously bad man, pardoned out of the peniten? tiary. This is a tact of such frequent occur? rence as scarcely to attract attention any longer. There is evidently a method in the madness of Governor Scott in sternly refusing compa? nies ot one race and in religiously accepting and arming those of the other. It has even attracted the attention of the colored men themselves, some of whom are alarmed at the prospect before them. A fair minded colored man went into the store of one of our moat respectable merchants yesterday and unbosom? ed himself to Mm upon this matter. He said the thing was making no little talk in certain colored circles. For his part, he thought it ' unfair abd mischievous, and he feared and be? lieved that lamentable consequences would re? sult from it. Now, a word to our white people. We beg them to exercise patience and discretion simi? lar to that shown lately in our sister State of North Carolina-the precursors of a signal conservative victory. We say avoid collisions by every proper endeavor, and shun, as far as practicable, the opportunities for their occur? rence. While thus discreet and guarded, we do not see any reasonable objections to being prepared, both as indivlauals and as com? panies. It being the fact that colored com? panies are accepted with alacrity and armed with ball cartridges without der lay, while white companies are ignored and refused altogether-In fact snubbed and contemned-it becomes us to consider wheth? er lt ls not advisable to maintain our company organizations whether accepted or not. Ana there can be no possible objection, we con? ceive, in the present state of things, for every man looking to his weapons of personal de? fence, and seeing that everything is right and the powder dry. We say, If a contest is pre? pared here, if a collision is systematically ar? ranged, if a bloody trap ls adroitly set lor our people, then let them know it, realize it, and be ready for it. Two can play at this game. Let us remember, while these pet companies-the accepted militia-are strut? ting about In their fine arms and fine toggery, that there are two white adults to every turee colored in the State. This is not so great a disparity but that lt may be overcome. There are about 30,000 whites who are veteran sold? iers from the Confederate or Union armies, icAo need no drilling.* They are equal to more than twice their number ol" raw troops of equal pluck, however well drilled. We say no more Just now. We have said enough, we hope, to show that a onesided arming may provoke a conflict, the chances of which will be greatly lessened by the quiet preparation of those who are armed against calmly and resolutely to meet it, while anxious in every honorable wa7 to avoid it. Organize to prevent collision; organize to meet it, if needlessly and cruelly precipitated upon us. LAG EE BEEB IU MASSACHUSETTS* BOSTON, September 7. .. The cities voted tor licensing lager beer and ale, and the small towns voted against it. TEE CATHOLIC CATH ena KL IS LONDON, 'This edifice will rival St. Paul's, and will be among the most nngmflcsnt ? ecclesiastical structures in the world. A coition of land la? the vicinity of Westminster abbey has been Ea rebasad for about ?.550.090. Its extent is etween thr3e and tour acres, and the price is sa id to be extraordinarily low tor such a tract ;n the centre of Loudon. Lir?e oontrtbutaons for the edi?oe have been m ide bv members o? the Ene! len nobility, and the Hart] ta of Bate will pay * larc? sun annually nncii it is com? pleted. Judging from the accocita furoisnaxl, tho new building will partii-Jly reprodace fcke splendors of St. Peter's.