Washington telegraph., 1848-06-28
From Hunts Merchants Moga,ias.
EFFECTS OF TIE WAR UPON
SOUTHERN INTERESTS

49, a iAA+ANsN ~ AAiAlAs. -
II has been eontendcd by some, that
the present condition OF aiiairs on the
continent Of Europe, by involving its dit.
ierent countries in general ear, will be
highly beneficial to the United States
Such an expectation will appear entirely
improbable, whcnwe survey the position
and condition ol each country separately.
England with her large aud still ncreas.
ing national debt, her troubles IN Ireland,
her dilapidated West India colonies, her
unemployed manufacturing operatives,
and her nueertolu hayests, has her hands
full to take care Of herself. aud will leave
her old euemy 10 govern herself in her
own WAY Russia is constantly en-.
ployed with her war in Cireassia, her
troubles IN Poland, and the cholera with.
in her own border moreover, Niche.
las is too intent upon self aguaudizement,
10 care much about French or Austrian ai.
ialfs, and will act only ON the defensive.
spain IS distracted with civil eommotion,
and 1t will require all her vigilant efforts
TO retain posscsslonoi Cuba, There can.
not, therefore, be any well.ioundcd fea.
son to appfehend general war IN Europe,
unless 4lRStrid should attempt 10 put
doWH The present. po'Ricai mouemem IN
Italy By as ayMai Rrasioa. Let Us
consult the past, respecting the elects OF
a general war IN Europe upon the pros.
peri,y OF the United States
War between france and Great Bri.
tam commenced in il93, aud ended with
the battle Of Watefina. which event gate
peace 10 the world l.nt US compare the
trade Of the United States with Gfaat
Britain during % yeafs OF war. with that
Of the % year, Of peace, which followed
upon the transportation to aud coniue.
ment Of Ronararie Al S. Helena. The
quantity Of cotton imported into Great
hrlain from the United States. IN ll92,
tlhe year preceding the breaking out oi a
general war; was 3, l22 023 pounds
Under the favorable effects Of penca. con.
sumption continued rapidly 70 increase.
lll, at the expiration OF - years, N
/ 1871, 1t amounted u $50 rs. 10 pounds,
aud ln ISL 1t amounted 10 81, Coo. IL
pounds In 1900 the expectation OF cot.
ton To France was i0.20U,3is pounds. N
lslG, ailef the conclusion Of her wars, i
amounted To ls,02l,j67 pounds, Ia ls99
II amounted TO 73.sGl,2Oy pounds, audgu
lsi0, 1t amounted TO l72.2 I,02j pounds
The advancement IN cotton mauuiaclu.
ring, as OF most other branches OF indus.
try, Is dependent, aud TO a great extent,
too, upon tie crisisHoc " a frm aHa es.
tabiiShed pcIce. while il is liable to be
greatly embarrassed and retarded by that
state OF meuial inquletule and diJusL
among capitalists and business men. winch
springs from 'fumors OF war" TIL, may
be seen by the elects Of the Revolution
IA 1880, winch lasted but a few days.
when the export, from the United Sia,c,
30 that country fell oil, at once, about Tor.
ty per cent And It Is to be hoped that
such may not be the case with the imma.
dlalc Il not the final consequences OF the
late revolution IN that couniy-a problem
which time alone can solve. Should,
therefore, a general war cnsue in Europe,
upon the present disturbed state OF affair,
upon that continent, the consequence up.
ON the whole, TO the agriculture aud CON.
mcrce of the United States, cannot be-
otherwise than poSRtrciy injurious We
can no more avoid suffering from the oh.
lamIlies OF war in Europe, than from those
with nations bordering upon us. Con.
tnst the position and condition OF the
United states upon the day before Gen.
cral Taylor crossed the Rio Gfandc, with
that OF the present time. The Mexican
war has Taste Two years, aud cost about
60 millions OF dollars thus iar-no small
portion OF which has been drawn from
the usual channels OF trade, in the shape
OF specie, aud expended IN foreign coun
try It is not yet finished, although q
treaty Of peace Is pending between til,
two countries, by which we shall obtain
New Mexico aud Upper California, coy
enng u territory Of about 100000 square
miles, most Of which is utterly WORTHLESS,
Tor any purpose whatever, aud containing
a population Of 100000, most Of WHOM
are slaves to large landed proprictcrs-
the cost OF maintaining our night TO which
territory will Tar exceed its agricultural
productions for many years to come
Wars cannot be- otherwise than injurious
between nations, since the advantages de
rivable from transactions between then
depend upon the greater or less amount
Of commodities exchanged with each 9th
cr; sud II Is the necessary effect OF war
10 dimnishlh productive aud eonsumin.
abilities Of nation aud consequently Il
narrow down the interchange oi commol
itics. The conclusion therefore, canno
but be- irresistible with all fair minds
that the true source OF prosperity to ma
uons, as well as individuals, is PEACE All
coon Will
The condition of onr export trade 4
anything but hatledng at the prcsen
time. The following comparative state