Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1853-10-28
War Apprellens IOnS.

In the midst of the most unparalleled prosperity
there exists to certain extent, apprehensions
to the manner in which American interests may be
effected by the which appears to be pending in
Europe These fears produce all the evils which
can actually result from state of hosties. In
the last ten years two wars have existed, which eff
fected seriously but in spite of the croakings of
the knavish and the fears of the timid, American
interests continued to prosper, and the rapidly
as the community used to the difficulties, became
assured that their fears groundless. When
the Mexican war was pending in lo45-46, the COM
munity filled with alarm at the theoretic ruin
which was to overtake US: The Herald proved clear
! rs mud that prvateers OF all nations would swarm
| the seas under the Mexican flag and destroy our
commerce; that the British allies of Mexico would,
| from emancipaed Cuba Il base. promote servile
war that to destroy the South and gradually
! bring on q general war that would "snk the world
in insolvency. The expenses of the war, according
to some learned Thebans, were to suck up the re-
sources of the country, break all the banks by the
exportaton of the metals TO Mexico, and produce
evils without end The took place. and Next
CO was conquered amidst uninterrupted and pres
porous commercial industry The closing of that
war was followed by the general disruption of Eu-
rope prolonged into the Hungarian war, which call
ed forth the combined strength of Russia and Ans
tria, and long the point contested whether Hun
gary would triumph or not 1t is probable that had
Kossuth been honest or endowed with ordinary prac-
teal capacity, that Hungary would now have made
Il weight in the European balance at least equal to
that Of Turkey. The Hungarian war was on as
large scale as that with Turkey is likely to be
vet during it's continuance the American interests
were n no degree disturbed, there any pause
in progressive prosperity. Notwithstanding the
experience which those afforded, dire dis
ruption of commercial interests is apprehended in
case the armies assembled in the remote east
should revive the conflicts which one of them sus-
tanned against Hungary four years ago. To all in
tents and purposes it would seem that, Austria
ard Prussia siding with Russia, from barrier be-
tween the contending armies and Western Europe
Fl there is less chance of general than when
Hungary and Italy were actually fighting against
Austria. That in the present state of the harvests
England and Western Europe will not enter volun.
tarily into war, for the trivial present
ed may be assumed. If they should, American pro-
duce must be bought, and American stocks would
be more in demand. Austria is utterly bankrupt
French credit is the wane; Spain has none, and
the German powers have strained theirs to the ut
most. At such moment the United States Trea.
sury offers and gives 81 per cent premium for stocks
that years ago, it issued at par. The general
prosperity which has produced such result is op
Grating upon all the securities State and corporate
and European capital sees greater attractions here
than ever We owe Europe nothing, and war or nc
war they must buy produce and pay high freight
to American vessels and seek our securities for SAFE
employment for their capital WHAT'S, then, theil
iWar to US? IN. 7. Dry Goods Reporter. .-z@s