Washington sentinel. [volume] (Washington [D.C.]) 1853-1855, 1854-06-14
NEW YORK CORRESPONDENCE.

NsDs from Europe.--Prospects Of Peaee--Anitude
and Manifest Policy Of Austria and Prsissfa--
Effects Of their Proclamations.-- Improvement ia
me Money Market.--Decli,is ia Breadstxfs.-
Commentaries on The Bread Qusstion.--O1r
Policy ia regard to Cnba.-No fims to BE- Lost
Sunday Street Preaching and Riots IN Brook
Ign, &c.
New YORK. June IL, 1854.
There is one highly important matter in last
nights news from Europe. 1t is the manifesto
of Prussia and Austria, siding with France
and England for the preservation of the bal
ance of power in Europe, as they stand. The
London Times is somewhat perplexed in its
endeavors to define the exact import and in
tentions Of this Germanic proclamation; but
from the very critical condition of the German
States, in the event of continuance of the
war, there can be no doubt that Austria and
Prussia are boldly striking for peace. Peace
may save them sometime longer-peace may
enable them to smother the smouldering ele-
ments of revolution from the mouth of the
Rhine to the "seven hilled city Of the czars;"
but a continued state of war will most assured
ly rouse up all the republican forces of Ger
many, Italy, and Hungary, in movement not
provided for in the arrangements among the
allied powers. And this is the power behind
the thrones, greater than the thrones them
selves.
Austria and Prussia are afraid of war; they
wish to avoid giving offence to the car, and
they have no desire to invite the armies of
France across the Rhine and the Alps, by es-
pousing the cause Of Nicholas. In either case
the territories of Austria and Prussia become
the battle-ground Of Europe; and from past ex-
perience, they have no idea in the world of
saddling themselves with such an honor, if
they can possibly negotiate themselves out Of
it. Hence, while declaring themselves the al
lies Of France and England, they persist in
maintaining the safe ground Of mediators be-
tween the belligerents.
This attitude of the cabinets of Berlin and
Vienna will probably result in renewed over
lures for peace, and in final arrangement
with the czar, which will only require him to
abandon the Turkish municipalities, to leave
Turkey unmutilated, and to relinquish his ex-
IRENE demands in reference to the communi-
cants of the Russo-Gre church in the Turk
ish dominions. Such are the signs of the
times. 1t is quite possible that with this new
shape which European affairs have assumed,
that the war will end in what Frenchman
would designate, "von grand and reedeculous
fzzel, by gar"
The tardy movements of the allied fleets in
the Baltic and the Black seas support this con-
clusion. Indeed, it is very likely that those
fleets are acting under instructions covering
the true policy of the allies, not the Napoleonic
policy of conquering peace by quick and
decisive campaign but the policy of frighten-
ing Nicholas into terms without the hazard Of
general war.
At all events, the governments, the politi-
clans, and the fnanciers Of England and France,
now count upon peace. Hence consols have
gone up, and provisions and breadstuffs have
gone down. The effect has been already felt
in Wall street and along our wharves. The
bulls are risible to-day, and the bears are be-
ginning to give ground. Stocks, upon the
WHOLE are improving little, and breadstuffs
are declining; and though this news may not
be very musical to our bread producers, it is
delightful harmony to the bread consumers.
The lateness Of the season, the damages to the
crops in various sections Of our country, the
tremendous influx of emigrants from Europe,
the large expectations Of -four and provisions
to Europe, would otherwise furnish but a
gloomy prospect for "the masses" for the next
twelve months to come.
Suppose, for example, that this Russian war
should be aggravated into general European
conHagration, involving the consumption or
destruction Of all the growing crops of the con-
tinent. By next December the famine prices
of food on the other side Of the Atlantic would
add tenfold to the emigration to the United
States, while at the same time the expectations
of breadstuff and provisions from this country
would be increased tenfold, till -four would pro-
badly range at the horrid figures Of from TWEEN
ty-fve to thirty dollars per barrel Do you sup
pose that, should such state of things be
brought about, the swarming thousands of our
great cities, reduced to the point of starvation,
would consent to perish, while bread was within
their reach for themselves and their children
No, sir In 1885, when -four in this city was
raised to SIS per barrel, by the operations Of
the spectators, the bank infations and their
deluge of paper money, the mob rushed to GER
tain stores where -four was packed away by
thousands of barrels, and emptied their con-
tents into the streets. In the event of the con-
tingencies above suggested, we might expect
such scenes again, and upon scale which
would give to the operations Of mob violence
something of the aspect of general revolu-
tion
Hence the bread consumers on this side of
the Atlantic feel lively and paramount inter.
est in the movement Of Austria and Prussia
for peace. Our producers, perhaps, might pre-
fer the policy of the old Virginia farmer cler-
gyman, who gave as toast at public meet
ing the following: :" Here's to a long and mod
crate war in Europe--one which viii not be
very destructive to the people there, but which