Weekly Indiana State sentinel. [volume] (Indianapolis [Ind.]) 1853-1861, 1855-04-05
Will the War in Europe Helm mao

vigorous prosecution of the war would
be more likely TO help stocks than hurt them
Whatever tends 10 check the extension of
business aids the accumulation of capital and
creates a demand for investment securities
ANY important revival Of business would pro-
duce an active demand for money, and the
present abundance would rapidly disappear
1t is, therefore, for the interest of holders of
and spectators in, stock securities that the
war should continue, and it is a question in
our mind it il is not for the interest of this
country at large, that the war should be pro-
tracted indefinitely. Our exports are likely
to be as large, while our importati0ns are like
y to continue limited, and the inactivity Of
trade or reduced importation may cause, can
not be attended with disastrous consequences
Ii must follow that any great commercial
nation not at all involved in the European
war; must derive all the advantages of such
position over those Immediately engaged
Our commercial intercourse with European
nations is of greater benefit TO them than US
We give them articles of the first necessity in
trade, and take from them principally lnxu-
ries We give the raw material to clothe and
feed them, and take in return silks and satins
They must have what we have To sell. and
we can, for time at least dispense with the
extravagant Injuries taken in payment. If
the war reduces this branch of our foreign
trade, We must certainly be gamers by il. As
it stands now, We have nothing to complain
of, and hope that in the shaping of European
politics, nothing will occur to arrest the pro-
gress we are now making in establishing our
commercial and financial affairs on a sound
basis. We attribute the improvements al
ready made, 10 the existence Of the war The
effect at first was rather disastrous, aud for a
time we had apprehensions of very serious
revulsion; but our resources were immense,
and the community was able TO contract and
sustain themselves much better than was an
ticipated. The war was talked of so long
before hostilities actually commenced, that
we were III measure prepared for the move
ments which followed. We are now in a
position to turn everything to advantage. II
the war continues we shall he gaining CON-
mercial aud financial strength at home; and
if peace should be proclaimed, We shall be in
condition to engage in the active business
operations which would Immediately spring
up with renewed energy,-with increased capt.
tai and with all old entanglemenis removed.
With power of consumption greater Than
ever before existed--vitii means unliiaued--
with an accumulate of wealth from cortrac-
ton and economy neser before realized, il Is
our belief that when we do start again into
activity, ii will be upon a scale, and TO an ex-
tent unprecedented in on history. We trust,
however, that that the time is not yet. We
require little more repose, and shall lose
nothing by little more contraction. While
the nations Of the Old World are exhausting
themselves by carrying on useless, fruitless
war; we are like giant refreshed, rising IN
full strength, ready TO dispute supremacy will
! the most formidable. Never within our his
tory have we occupied such proud position
in the commercial and financial world, and i
should be our sole object 10 hold it, We cal
only do so by retaining our great minera
wealth, anil circulating il through all thu
channels of trade, so that our currency vii
not only maintain its value, but its unliomi
ty, and not become ag.in subject 10 such VIC
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