New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-14

Even Jhe Econ0mtsf, thtl oPbimsS conJuror OF al
things menacng the tranquil minds Of the mercantile
community, is compelled to use language like this.
1--WE must hstter Ourselves with 6adng a. extensive
a market Tor our exports to China hitherto ...Its
more probable that export trade 10 China should uf
fer that there should be dmnirhed demand for the
produce Of Manchester and q a gov
1t must not be forgotten tha the rise in the price Oso
indispensable an article tes. and the contraction of
SO important market as China, will coincide with
deficient harvest in Western Europe aud, there
fore with rising prices Of meat corn, and all other az
ricultural produce. Hence contracted markets Tor
manufactures because every rise in the prices Of the
first necesssries of life is eounterbaanced, At home aud
abroad by corresponding deduction in the demand for
manufactures. From every part Of Great Britain
complaints have been received on the backward state
Of most of the crops. The Economist says this sub
ject:
In the South OF England not only will there Do lea
much land unsosn until too lae Tor crop OF any sort
but much of the sown land will prove 10 be foul other
wire in bad state for wing On the wet poor
soils destined for wheat signs that mischief gong
apparent The time tor planting mansel watzvl may now
be said 10 have passed away and very little has been
planted while the time for preparing land for h7 turnps
rapidly going by, without any adequate prePaspon TOT
this important crop having been accomplished
Dat sowing has been much nertered sn by the snow and
rain Few oats sown early, and late sown oats sell
dom produce a large crop In miny districts
losses among the breeding hoeks nave Oeen conosaoe
The price of other farmprOduce than corn is from2O
to 80 and even so per cent higher than last year. On
the Continent corn has risen comparatively more than
10 England Rye has risen In Belgium and Holland full
100 per cent. Wheat aud other grains are following
suit.
Under these circumstances, as the greater part OF
the regular commercial circle has already been run
through by British trade may safely be augured that
the Chinese revolution. will throw the spark
into the overloaded mine Of the present industrial sys
TEN and cause the explosion of the ongPrepared gen.
era crisis which, spreading abroad will be closely fol-
lowed By political revolutions on the Continent IL
would be a curious spectacle, that of China seniing
disorder into the Western World while the Western
powers, by English, French and American war-steam-
ers. are conveying "order" to Shanghai NankiU and
the mouths of the Great Canal Do these ordermonger
ing powers which would attempt to support the wa'er-
ing Mantchou dynasty forget that the hatred against
foreigners and heir exclusion from the Empire once
the mere result of Chna geographical aud photographic
cal situation have become POLITICAL system only since
the conquest of the country by the OF the Mant
chou Tsrtarsi There can be doubt that the turbu
lent discussions among the European nations who at
the later end of the 18th century yaed each other in
the trade with China, lent mighty aid TO the exclusive
policy adopted by the Nantchous. Bat more than this
was done BY the fear of the dynasty less the for
eguers might favor the discomfort existing among
large proportion of the Chinese during the first half
century or hereabous Of their subsection to the Tar
tars From these considerations, foreigners were then
from all communication with the Chinese ex-
cept through Canton town al great distance from Pc
kin and the tead strcts and their restricted
TO intercourse with the Hong merchants licensed by the
Government expressly for the foreign trade in order TO
keep the rest Of It's subjects from all connection with
the odous strangers. In any case an interference on
the part Of the Western Governments at this time can
only serve to render the revolution more violent aud
pIotract the stagnstion Of trade.
At the same time IL is be observed with regard 10
India that the British Government Of that country de-
ponds for full one seventh Of its the sale OF
opium TO The Chinese, while a considerable proportion
of the Indian demand for British manufactures depends
on the production of that opium in India The Chinese,
il is true are no likely to renounce the OF
opium than are the Germans to iorswear tobacco. But
as the new Emperor understood to be favorable tho
culture of the poppy and the preparation OF opium in
China ITSELF il is evident that deathblOw is very like
ly to be struck the business of embarrassing
in India the Indian revenue, aud the commercial To
sources of IIindosan Though this blow would not im
be felt by the interests concerned il would
operate efectuay in due time and would come in to in
ensy and prolOne the universal financial crisis whose
horoscope We have cast above.
Since the commencement Of the eighteenth century
there has been no serious revolution in Europe which
had not been preceded by commercial and financial
crisis This applies no less TO the revolution Of 1883
than TO that of 1Si3 1t is true only that every
day behold more threatening symptoms of conflict be-
tween the ruling powers and their subjects between the
State and society between the various classes but also
the conflict of the existing powers among each other
gradually reaching that hight where the sword must DO
drawn and the ultima ratio of princes be REQUIRED TO.
In the European capitals every day brings dispatches
big with universal war, vanishing under the dispatches
Of the following day bearing the assurance OF peace for
week or So We may be sure, nevertheless, that TO
whatever hight the conflict between the European
powers may rise however threatening the aspect Of the
diplomatic horizon may appear, Whatever movements
may be attempted by enthusiastic fraction In this
OF that country the rage of princes and the fury of the
people are alike enervated by the breath Of property
Neither wars nor revolutions are likely 10 put Europe
by he ears unless in consequence Of general CONNER
cal and Industrial crisis the signal of which has, as
usual 70 be given by England, The representative Of
European industry in the nagket Of the world.
Il is unnecessary to dwell on the political conse-
queDces such crisis must produce in these 'me''
with the unprecedented extension Of factories in Eng
land, with the utter dissolution Of her official parties,
with the whole State machinery Of France rhnsormed
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