Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-10-27
A Crisis in Europe.

The Northern journals are eanvassing the com
mercial aud monetary effects of thu war in the
east and concur in the opinion that crisis in
Europe is at hand The matter is Of vital impor-
tsnoe on this side of the water and our people
cannot begin toe soon to consider and prepare for
the consequences 10 themselves of a disruption
of the commercial systems of Europe. We an
mex the views Of two leading Journals in our prn.
oipal cities:
The Approaching Financial Crisis in Europe.
Since the beginning Of the present European
war, we have not had any Intelligence more
deeply significant than by the last steamer. Of
the present financial condition Of France and
England. With every day the drain of specie
from the Bank of France represented rs be-
ing more and more severe. and the Bank Of
England. as our readers will remember. had rails
ed the rates of interest 10 81 per cent. IN prevent
the drain of gold which France had "a injndicious
" been causing. by paying premium for 1t
Taking the views If the English press one with
another. one with another on this question, 1t i
evident that The gloomest anticipation ut pres.
ent prevails in Great Britain, despite any amount
of effurt to appear cheerful aud in bolster up the
effort bv pointing TO an increase of revenue, ar 10
the fact that they hive already got far advanced
in thu second year Of the war. The London Chron
icle in its city article. Oct. 3undoubiedly speaks
the general feeling when it states TINT there l. at
present an unmistakable impression That money
will become dearer, the demand greater and the
supply less. In frnnec matters appear 10 be
Fastening with headlong speed 10 crisis, and
it is sef-eyident that if the present enormous
drain of gold from England and France 10 the Cri
mea should continue. nothing can prevent sns-
pension and almost an unparalleled financial crs-
IL. II we add to this the plain, nndeniabc iact,
that every steamer continues 10 bring gloomrr
accounts OF the haryest-that IL has turned out
far worse in all parts of the continent than was
anticipated, and that the govern ncDt has beyond
question been using every effort To prevent this
fact from coming 10 light, we have n programme
of disasters which may by some unforeseen good
fortune be modified, but which nothing short of
miracle prevent.
In view of such events our merchants cannot
exercise too great caution, nor can our public be
too much inspired with the spirit If prudence,
and of economy. The last great period Of hard
times through which passed, rather have
just passed, would have caused ten times the sui-
fering il did had it not been forescen and had not
our business men been quietly and atten:iyeIy
taking in sail and adjusting matters These re-
cent European movements, particularly the
threatened rise in gold herald n state of affairs
which may involve Us in great suffering. Mean
while the war may be said IN be- merely begin
ming; Russia is prepared and proysloned for
another year, needing" tie New York Her
aid says, "only paper makfr and an engravcr,
to pay for all the corn, provisions, arms, trans
portation aud soldiers pay she needs, while for
what saltpetre or military stores she requires
from abroad, she can pay with the gold She draws
from RUSSIA hy selling out the ten more mill
lions the imperial family have long held in the
funds" In fact, Russia in the sciee OF Sebustopo
has gained incidentally ON the Allies. now stands,
with the winter approaching, with every advan-
tage on her side. The battle may yet drag along
for years. Meanwhile every citizen of our own |
country should lose no opportunity to inform him |
self of all these movements, for be cannot fail in
the present state of affairs. IL find ii ia be his
own personal advantage to Ice duly csscd
with Of what is probably coming and to
make "0uticipatory provisions. '-PhiiG. B1ie-
Tin