Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1855-08-03
FINANCIAL CONDITION OF EUROPE-C1.
OF THE WAR WITH RUSSIA.


setting in once more OF tho tide OF bullion frr,u !.
don to Paris and the Continent. Ths, oi c"u,. .
duo TO the official announcement OF the new .l-.."
loan. II is TO be of $50 0UDo,uOO francs, or $l5a
making altogether S25Q,pnD,nG0 raised hy =.
since the va. began and Us on the occa.on &.
last loan, the French govcrnmen: received ~,
tions for zoo, 900 600 francs more than they i'
70 ISSUE il s expected TINT il will be taken ~! E.,
out delay. There can be no doubt "i H. lndr' Pc.
the Emperor must have the money though "a. :
are not likely TO be rs favorable Us they wo%l. .
been III the spring.
This loan, added to the amounts heretofore
and expended in the prosecution OF the war, Z :'-
total al we said, Of S2J0 U00,bUO spent by FIauu
powder, ball and throat cuttirg. During II" s,...
pcriod and for the same purpose England os, be- .
the usual annual supplies tor the army ANA uGs
sum OF $l3o,COO,OCi, in two loans Of :5o,vuu'Ih
$50 900 900. We learn that these eums aTe hlrua" .
pended, the Baltic fleet having been C:lcCir.'N q"
source Of great expense, and the; the advocates q" "
issue of E1rhrquer bills are becoming quite nuiast'
ous in London.
Turkey, having veinly attempted 10 borroT
s25 900 0UO obtained fifteen, and declared that f." M
presept the other ten millions Of dollars or two :i-
lions of pounds would be dispensed With. But size
was not able conceal her wants long. She isn-.
in the market for small loan oi something Ike q
million OF dollars, which is probably nceG,' 10 pry
the civil expenses OF the empire. As her allies gene
rously guarantee the loan, il will probably be- ohru
ed and thus she will figure in the list for to!" -"
Sl6000,00O.
The war, therefore, ha. put the Sultan aud h.
Western friends to the following triding expcn-c
British loans extraordinary si3n,wN,"''
French do. 251.Uun.r
Turkish do. 1868"
Total s39GCGa.l"
What the Russian expenditure may have bee" wn
have no means Of knowing positively. That y u. -
have been large ia clear from the number ot ru"..'
kept on foot and Of course fed and clothed at !-
pcIise Of the Imperial government. Ii has been =
mated by well-inforned and apparently nm hone
writer al S250, Goo a yenr for extra military r1.
pense. occasionrd by the war, and rs much m"ic .'
the wilful or necessary destruction Of property. =
this rnte the war must have cost Russia half ms n
again n. the Allies, and S6D0,0UO, ,Du0 woui! not slra-
tho account Blu; large portion Of the eSpcn"'' "
was in buildings, ships, produce and merchar. p.
md though rs serious IN the long run as the EXP i-
turc of hard cash, 1t will be longer in being t'!--
Probably three hundred millions Of money hav" r'---
cd from the Imperial treasury into the hands OF array
agents. contractors purveyOrs and contractors 81" = =
army. Tuking this figure as the basis Of cnicr.r; ,
we arrive at the conclusion That within less t.1
twelve months, about seven hundred millions 81 '".-
lars have been diverted from trade md ncricH.l o.
and expended by the belliSercnts in the pr"sccy..
of the war.
Some i2en Of the enormousness Of this Sun: :. ("
be derived from knowledge of the fact TINT H. @
ted incomes of the whole people of Great Bftr'.
Ireland are only supposed 10 amount I" hr" q
MS much 1t is equal to threr-fourths the ioi', q
of Austria, under Uhrn the Rouse ol IN, Hli p
been tottering this many year, more than lr. ..
whole debt of France; twice the debt OF REssa
1853 nearly fourtimes the average ass.:s -! III .
of England at the present day; md more t:rn
teen times as much as the whole national d. bt ..'
United States. Former wars never cost uTt'. ...
like il. The old wars with England were wa, "a.
what il has cost in this 70 fit out q sing" '.'
tion. The Peninsuar war under Wellington.
nnval wars Of Nelson, Collingwood, and f..
other herOes-whiCh swellcd the debt uf l1gt..
.G,1tt ,..I
compared with this. Pitt was niggh'G in c'g. ..-
son with Palmerston. Never has the w"r."
money flow so freely before.
simultaneously with this startling cX;ra"a-'
VIC have the intelligence OF sen-lb!" d;H'r... ..
in the supply Of the precious metals. All :r-'
we were warmed that California had done !'r ...-.
This yenr The accounts have been thus 8. '....
cheering; but We are moi yet up tn the pt mn''. t
are far below the expectations that were :'iHs"
poctng the yiel! of the mines some time r. '...
sides, az California progresses, and her a.r"' ..
interest is developed che will retain more hHi
Of her specie at home, Shortly she will expo,
perhaps instead of dust. On the other rGr, t'.' .t
supplies from Australia are visibly fhl!Hg of. "a
roval commission which was appointed nj tue !|-' #
of the colonial government reports mar III"
Of the yold field, in 1854 was 2OGr,06D short
in 1853 and that the yield during the pre-'.',
il still less. During the first quarter OF -.
number OF ounces exported war 6l6.Ji": d'..
same quarter Of 1852, the export was "nIy ... ..
showing n falling off during the qunr'sr 'g
II9 ~ ounces of gold. Ii may be ob-ecr'H
wise tina. recent letters from Russia spoke .rn
nlly OF the war having inteTfe!ed with ,he 60,
tons and mining operations in the trGi ZOO.
whence most OF our gold was obtained prior TO-
discovery Of California
Thus we have two facts plainly msrifes'.
first is that the chief Powers Of Europe aEe ,.
ing in gunpowder soidiers, munitions o: va. q '..
thrfiless objects, an annual cum greater !!.a ..
usual expenditure of all Of them put ,oce'i
equal probably to third Of the capital cn'i."y
Europeans in trading operations. TIE sec%i
simultaneously with this alarming event ,hc =
becomes imminent that tho supply Of 'P''..
which all paper credit depends for 's cu:r.'',r
shortly fall off. We hear i, raid that 20
prospects of peace. Those who talk 'su> O."
think. Three wears of such wer as We hnv" T.
ring the past twelve month. would involve ~. e.
di,ure-without collar of rs'urnIGt two ta..
MED by a corresponding Increase in the amply 80
precious metals would infGllibly break ev'rs
pean government, and every banking In. ins,tI"i
D,te,b;lJs -IS Y Herald.