The Gonzales inquirer. [volume] (Gonzales, Tex.) 1853-current, 1854-03-11
Commercial Consequences of the War.

Turkey, n very important inquiry is, what will
DC It's immediate effect on the Of the
worldf Its effect has to some extent already
been manifested II is seen in the rise in the
price Of all varieties Of breads,ufs. Flour
wheat, Indian corn and rice have already cx.
hibitcd an unusual advance in rates. As these
are produced in large quantities in the United
States, n very considerable portion Of the
American people must clearly be gamers by
the war.
But afcr all, the great staple Of the Union,
The basis OF It's commerce, the regulator of It's
exchanges, and the very life of its prosperity,
North and South, is cotton. The value Of cot.
ton, 1t has been taken for granted. must dcprc.
ciatc with the commencement OF hostilities.-
But 1t has perhaps not been sufficiently con.
sidcred that in the pending contest the chief
commercial nations of Europe, and almost the
only buyers Of cotton, Frnncc and England.
arc on The same side Of the controversy. And
II y by no means probable that the Russian
navy can %injurc the of either of
those powers. Nothing will be allowed 10
interfere with the shipment of cotton to their
ports; nor is anything likely to interfere Sc.
riousiy with its manufacture ard consumption.
IL then the present prevailing estimates of the
crop shall not be exceeded, we see no reason
to apprchcnd any further decline in the price
Of this article.
The money writer for the London Times
says:
From all parts Of the Kingdom. the most
remarkable feature of the various adyircs is
the confidence felt in the powerlcssncss of Rus.
NJ" 10 ihilct any permanent damage on the
commerce and civilization Of the world. and
the consequent absence Of the slightest dispo.
siiion to panic. Proper caution in displayed.
Dht inc freedom from speculation so long no.
'ceaDic mas apparently placed the trade of the
world beyond the reach Of anarchists in any
quarter.
The New York Economist, than which we
have no higher financial authority, predicts
that the war, with the increasing loss of credit
on the part Of European Governments. will
driVe large amounts of capital across the At.
iahtic, Tor investment in American State. rail.
ROAD ana other stocks. IL refers to the con.
Vu'sions OF lS4S, when French 5s fell in three
weeks from 116 TO 81. Notwithstanding the
49, 1900 '''''i' tttu SNtII OYER Eurnnp
too rapidly TO give time by which "menns
might be gradually realized and RENTED" to
this country, yet United State SIS rose during
the year from o. to 1914.
The same paper adds
|, The quantity of American stocks is now
being reduced, and the great railroads with
landed securities must furnish better invest.
ments than the rotten credits of unstable roy.
crnnents. Hitherto the great banking houses
nave been the foci into which the floating cap.
itni OF Europe has been concentrated. and M.
piied TO the demands of governments. The
revenues OF aristocracy, gentry, and the better
classes OF tradespcoplc are freely loaned 20 the
support oil governments, which, under the
name OF protection, conferred monopoly ON
capital, and cxactcd from the laborinr man
the means of paying interest on the surplus
profits thus derived and loaned TO the Stote
An entire change has now taken place, and IL
mas become manifest that labor must be cman-
clpatcd from thrnldom and oppression: hence
me cihsscs among whom the bankers retailed
INC STOCK thcy took from the governments,
nave no longer confidence in these securities
and when Austria proposes n loan the means
OF paying off which depends upon the subiu.
gaiion OF two countries Ike Italy and l%lunra.
ry TO foreign yoke, in this age of the world
the hazard becomes too great, even if the opin.
ION OF money lenders had not changed against
governments. In iormer years, when the par
alysis OF war threw money out of trade IL
found III high government n safe investment
ana n patriotic motive. That credit is nearly
ruined, while the spirit of liberalism rcpeis
the motive. In the public improvements of
the United States, on the other hand, both safe.
y aud human progress invite Investments
Hence therefore, not only the gold Of Calror.
ma but the capital OF nil Europe will accuruu.
late more freely in consequence of war.
TEMPERANCE IL MlSsiSsIPrL-The Lcgisla.
turc now in session, says the Carrolton Demo.
crat has been literally flooded with petitions ON
the subject Of temperance. A bin is now pen.
ding before the House, having the following
leading features
1t provides that license TO retail spi,jtuous or
%vinious liquors shall be obtained from the Board
of Police, upon the petition of a majority Of
the legal voters and heads of families in the
district where liquors are 60 be sold. This
provision extends to all Incorporated towns
The law applies 70 steamboats,, fatIioatS &c
and all itincTant wonders OF spirits; and also
prohibits druggists from selling, except npon
the certificate Of n physician said certificate
to ec He'd with the Druggist, tho production Of
which Is necessary to exempt him from the
'a" and not them even, if the jury have just
grounds 10 believe tina, the Druggist knew tho
certificate 10 hca forgery, or mere suh,cr
0lsc TO cyalc the law Owners Of house,.
where liquor is nnlaw0ly sold, are made re-.
sponSble, and the severe law Of 1889. 4, rc
Ni'cd This was better known as the ii Gal,s
i'n' lhesc ave very s,riurcu, provisions,
and It any legislation can check intcmpcraneo
''.mil most certainly elect thc Object