The week has given us nothing definite as to the
terms of peace. Mr. Gladstone states that Lord Granville formally pressed Count Bismarck to state his terms before the Assembly met, but the Chancellor had not yet complied. The evidence points to these facts—that the military party at Versailles desire high terms in money, is order that the organization of the Army may be kept up without recourse to Parliament, while the German Press expresses a vindictive pleasure in rivalling the exactions of Napoleon L German commerce, however, is opposed to excessive demands, and the statesmen, of course, know the limit of the obtainable. The sum now fixed by rumour is £120,000,000, from which the Alsatian share of the National Debt, the value of the railways, and the requisitions would be deducted ; but these rumours read like guesses. No credible word has been said of any change in the demand for territory.
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