The Westport Times AND CHARLESTON ARGUS. SATURDAY, OCTOBER 8, 1870.

Westport Times, Volume IV, Issue 721, 8 October 1870, Page 2

The Westport Times AND CHARLESTON ARGUS. SATURDAY, OCTOBER 8, 1870.

The Suez news, published yesterday morniiig, and distributed in the form of an extra to our town subscribers, appeal's in our present issue. The chief items had been anticipated by the telegraphic summary received from Adelaide in Melbourne, previous to the departure of the s.s. Gothenburg, and brought on by that steamer. Further and interesting details are, however, furnished. The liorae items are not important beyond that there is no immediate danger of Great Britain or other first-class Powers being involved in tlu> war, and the very remarkable abundance of money indicated by tho low Bank rate of per cent, for first-class paper. The first consequence of the war was expected to be a low rate of" discount, owing to the additional security Londou is believed to oiler for the safe depositing of capital, and the vast sums that were certain to be forwarded there from all parts of Europe. If the war should continue for any lengthened period, the belligerents will both become borrowers on au immense scale, and the effect of the enormous sums they will substract from the ordinary money market will be to raise very considerably the rate of discount. The news of the extraordinary capture of ninety thousand French prisoners by the German forces is confirmed, but we also learn that the losses of the latter have been severe, and that they had been repulsed in two unimportant engagements. The accouuts of the various battles are very conflicting, not in respect alone to both sides claiming the victory, but chiefly as to the numbers engaged. According to Prussian accounts, the French, with powerful odds in their favor, have been always defeated, and according to the statements of the vanquished they had always to encounter a greatly superior force. The fact of the King of Prussia having issued a proclamation, abolishing further conscriptions, would however, lead one to conclude that the superiority in numerical strength has lain chiefly with the Gorman forces. That the war will bo quickly terminated is very improbable. The King has appointed two of his Ministers Governors-Gene-ral of Lorraine and Alsace, both French provinces, and the constant threat of Prussia has been that in the first war with France, Germany would wrest these fertile provinces from her. So long as Prussia seeks to enlarge her territory by absorbing these two Provinces peace will be very likely to remain long in abeyance.