The memorial was located on the market square until 1942.
The memorial commemorates the fallen comrades of the war of 1870/71. At the same time it is considered a heritage building, which has something to do with Einbeck´s town history, and is part of the list of the town´s monuments. It measures 11 m in height, made of Thüster sandstone and Thüster limestone, and was designed by Conrad Wilhelm Hase.
In 2011, the society for the promotion of the memorial initiated its restoration due to damage through a fallen branch. Restoration works began in 2013 and on November 23rd, 2013, the restored memorial was solemnly and officially dedicated.