12th Oct. Win the news received yesterday morning that Consols were at 104 and discount at 4} per cent, it seemed f it thought at home that hostilities might still be averted: but the terms of the ultimatum from the Transvaal, received here last night and published by us in another column, dispel any hope of the maintenance of peace. That a vassal State should make such demands in such peremptory and insulting terms on its Suzerain can only mean that it is tired of waiting and wants to fight at once, and we shall be surprised if the ultimatum, presuming its re correctly reported, does not aliena great deal of the yn has hitherto been felt in throwing the onus of declaring war on Great Britain; but really in throwing such a document in the of his paramount Power, he ing it impossible in to answer him and maintain her self-respect. The die is thrown,
Text read from the printed page and cleaned; old type leaves the occasional error.