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

| nsnis, tie beroons ri a va -aeu - IL. .asea
| against Russia. the end of which it i impossible
| to diyine-a war whose necessities Withdraw
| from the channels of commerce very large pro-
portion ofits mcans-whoh has carried up inter
| est a, the rate If half per cent month-whch
| has driven the bank of France already 10 the
most miserable devices t. snstan its credit, de-
vices and expelienis that have ri ghtened its dc
positars into the with drawal # their means from
IL vaults and which arr likely T. lead 10 fnS
pensinn of payments with all our resources and
NIL our means of defence ii i, time to prepare
for the worst
The real burdens imposed uron England and
Frnner nv thu war nrr not what weigh upon the
financial interests et those countries ii II th"
vain effort Of tie banks ii France 10 efcaie. TOR
ref period. an artificial pfospcfety-a species
II ftl-e pretenee-a violation of the plnneSt
dictates Of economy, involving the sacrifice OF
public confidence aud of the true Interests Of The
bank and the whole trading community. such
violations nf the laws of business must lne'-
tably draw with them corresponding penalties.
The aeiuql expenses of the war, far. are npth-
ing. The average burdens imposed upon Great
Britain from 100 u 1913, the latter part of the
time in the Napoleon and American wars did
MT exceed flo.00b0OO per year
That government at the present moment,
does not maintain army very much above lis
peace estahli ~hmrnt; aud although is expenses
have been increased. and the finances of the
country greatly deranged, it, present cmbarras'
mpnts result far more from the unwise cxPedlcnfs
nd pic1 in Paris than from any real difficulties
connected with the rc.ourccS of lis people aud
it, financial agents All this i true ton at the
French Empire. It. increased burden, Imposed
by the war. il i evident from the alncrty with
which It's loans have been negotiated, are not the
real source of the trouble. Unlike the greni
Napclennie struggle, the present Is wholly con
fined to land operations. The highways of com
nerca are rs free aud peaceful u ever. The
manufacturing industry Of the two nations i. IN
nndi,tnrl,rd and successful employment. The
great exhibitions of their productions nj Pans da-
ring the present seasons, have hern such n 10
Indicate how completely independet they Al" 81
the war. Indcea,nn examination will show that -
ven from l.90 10 'l:}fhere VS. stendy advance.
mrnt in British industry and commerce. lie
fluctuations Of the fund.- hear 40 kind Of compnr-
,un taihc uniform movements of the great Iran
che- If labor aud the operations # lade. It Is
not the amount expended in war, bat the charae-
teruf the war and the amount required Ia make
thu expenditure. which arc IA be considered IN
oder 10 determine its effect upon those interests
whose success depends essentially upon ponce.
Even some of the branches + commerce ave ac-
tuav benefited hv snch contest n that waged
against Russia. 1t employs fhc shipping, "nd
opens markets ior many articles WINCH bt'' T.
had become n drng in the stores
But let u suppose thai the great mnncyed in
siitutous-tho Iinrrk ut England and the Bank al
France-,rp compelled to suspend payment OF
specie such u contingency in time ia the event
oftho prosecution ~ the war. i inevitable. and
in the loss Of pal lie confidence, such as now
seems probable, there i, ~ saying hnY spon 1t
will take place Those institutions c2ist by viz
tue of the general belief in their solFency aud
their ability to meet their engagements large
share of their credit, i derived from depositers.
\ loss Of confidence Oh tie pari OF those persons
by their withdrawal OF their means would com
pei both bank- IL suspend. Specie would ut once
be held ut premium. The suspension itself
would lock up ia Europe At least >loo.OOooJn.
aud most likely. Lv individual hoofdlngs doullo
that amonnt. Il i manifest in such a state #
things that the highest market Tor American coin.
would be ON the other sjde Of the water. Oar
shipments of produce would net reach the right
wouli not answer the rurpose-there
would be but one remedy, mud That If Il homco-
pothic character. Simiiia simHibas oarGntar--
We should te compelled ia ADOPT .usprnsil IA as a
remedy for suspension.