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Show NAPOLEON'S Sl'BRF.:'EK, The climax of the war between France and Prussia has come. On Friday morning the Emperor Napoleon sent a flag of truce l'rom Sedan to the Prussian headquarters, and soon after, following it, be surrendered personally to King William. This information was received yesterday morning a little before. S o'clock, and was promptly bulletined by the Hkrald, creating great excitement. Many were inclined to view the dispatch as spurious, believing be-lieving it was a canard got up in New York to affect the gold maiket. But it will be seen by subsequent dispatches that it is fully authenticated. The news published yesterday morning, morn-ing, although fearfully "mixed," showed that there had been desperate fighting, with terrible losses, on both sides. McMahon had undoubtedly been outnumbered, and had got in the position in which the French reports stated he had got the forces of Prince Frederick Charles between two powerful pow-erful armies. After a struggle in which the veteran fully sustained his reputation, he was compelled to retire into Sedan, and there the capitulation was effected. The slaughter must have been immense. im-mense. One report says that after a brilliant Prussian victory twenty thousand thous-and Prussians and ten thousand French lay dead and wounded upon the field of battle. Six short weeks Lave scarcely elapsed, and how many thousands of families are called to mourn the loss of sons, brothers and fathers ! The dynastic ambition of Napoleon and the plottings and scheming schem-ing of Bismarck have had this result. Misery and woe in their direst shapes have already visited Germany and France, though the latter has suffered more than the former, fjr it has felt the horrors of war in an intensified form, through being the scene of these terribly sanguinary battles. From the mass of contradictory statements received, it is hard to understand un-derstand what led to the capitulation and- surrender, other than the terrible defeats the French must have suffered and the decisive victories of the Prussians. Prus-sians. Yet there is reasou to believe that treachery had something to do with the bringing the French into so desperate a strait a to leave them no other alternative. It is declared that General Failley is shot. One report says by McMahon's orders ; another that he was killed by his own soldiers. In either event there must have been what wore sup posed to be good rea-oiis for the act. lie was re po-ted to hi.vc left a hundred hun-dred gutis behind at Chalons, and it was said he was superseded in his command com-mand because of that. Now he is shot, either by military order? or by his own infuriated men. It is reported, too, that the imperial officers had to flee. This looks as if there had bee:i treachery of some sort. What will .Bazaine and Metz and Strasbourg do ? And what will Tro-chu Tro-chu and Palikao end Paris do ? The empire is a collapse. With the .surrender .sur-render of Napoleon, his intimations of what he wishes the regent his Em press to do will carry little weight. Will Paris and France continue the war ? Will the other greatpowers interfere in-terfere to prevent the dismemberment of France and the balance of power ? Germany is in no humor to'rcccive offers of interference. She considers herself mistress of the situation, and the demand of a .cruarantee of permanent perma-nent peace mean-, crippling France so that it carmoL ni'-cesl'iil'y attempt a renewed "'.rutrlc. It. is p-i.-filile the war may close now, with large teiritorial gains to Prussia, with fJernistiiy bound at the; feet of the royal I'm -..-inn family, and with France crippled and pro-, t rate, f I Jut it may also be that Itu-sia will offerutisavdiy advice to I'rn. -ia, and with a million and a hall' of soldiers to back it may demand that France shall only7lay a monetary indemnity! for t ho cxpemcs of the v.tr. If ll," latter, then the run': of liloid.is not.y-t playcd'oul. It may I.", too, that, a republic will rife iri I'rn n- ,n lli'' ruins of the Empire, mid h t !.! .11 a i V'-.t'i':- hi .;. c. , lr: i i. n ', I he- ill a'I'li;; .10 , p u it t ' ' : - ii1m,'-:o, 0 f . ' 111 111'', ' ! Sp om, "f . of I' ,'... ! .-.vi :!, , mora ,! ! ! .' 1 "p to i cc,' f. n- 1 li ii. i "i.e in''ii : i n' 'o ,1 V F.11 "ill ! 'Vir I T . !! .(. 1 1 S.i.., . , ti.i'. i -1 : |