The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1855-10-12
Effects of the Fall OF Seb0stOpOl upon
Ee the United States.

Effects of the Fall Of sebastopol upon
.f the United States. |
Strange as it may seem, says the New York
Times, the news of the fall of Sebastopol and
the certainty of that great event speedily lead
ing to other victories, and at last to the tri-
umph of the allies in compelling Russia to sue
for peace have had the effect of disturbing
public confidence in the value of commercial
securities, and caused temporary tightness in
the money market. Pr cisely the contrary ef-
feet should have been anticipated and realized
No arrival from Europe since the Eastern war
commenced has put US in possession of more
important intelligence for the welfare of Amer
lean interests, or which promised more flatter
ing results than that brought by the America.
1t is very certain that there will be more &C
tive demand tor American products in Europe
than has existed in many years; and whatever
burdens the present costly war may impose
upon the people of England and France, they
can have no injurious effects upon us, but quite
contrary influence. If the securities held by
English capitalists should be returned to us,
| their proceeds will come back to us again in
payment for our cotton and corn, which En-
rope cannot exist without. The distresses of
Europe have from the beginning been among
the great sources of our prosperity and the
war, which, if continued for another year, must
add so heavily to the taxes of the working
people, cannot fail to send to our sho: es fresh
| hordes of industrious artizans, who will seek
here what their own country denies them. If
Europe were largely in our debt, we might
we'll have serious approximations of never be-
ing paid, but as the indebtedness lies on our
side, it does not appear to be strictly rational
to apprehend difficulty from fattering pros
pect OF our being able to pay it off sooner than
we had expected from an enhanced value of
our raw materials, which our creditor must
needs take from US. That the actual effect of
the present state of political and financial af-
fairs in Europe must be to give a new impetus
side OF the Atlantic, there cannot be shadow
OF doubt; yet, for the want of Just view of af-
fairs, and timd habit of deferring to FOREIGN
opinions, the last steamers news had denres.
sing influence in Wall street, which must be of
very temporary durance.
We have noted In some of our cOtemporaries
the most wild and incOherent ideas in relation
to the future designs Of the allies, one of them
having gravely informed its readers that as
soon as the warlwith Russia should be at an
end, France and England would at once COM
mence operations against this country, though
what the motive should be for such a move
ment was not stated. But, the war with Rus
STA is not at an end, and though the allies are
now in much better position than they have
been IN before, we sec no reasons for believing
all their difficulties are going to end with the
fall of the Russians in the Crimea.
The future is full of brightness and hopes for
the United States. The revolutions on the
Continent, and the famine in Ireland increased
the immigration to this country to an UMPIRE
cedented degree, and added enormously to our
productive resources; and We look to similar
result as an inevitable consequence of the
hardships which the war in Russia must i'm
pose upon the working classes of Great Brit
ain and France. We are not destined to re-
main long debtor nation to the Old World
The CUSTOM HOUSE OFFICERS AND THE
ENGLISH STEAMER PAssENGERs.-The search
ing of the baggage. and sometimes the persons
OF passengers by the English steamers, is often
quite amusing, and occasionally leads to queer
developments. The lace, &C., taken from the
under garment of one of the female passengers,
who was searched on the arrival of the Ameri
ca, on Friday night, filled barrel. One old
gentleman, belonging in Providence. had in his
trunks pantalOOns enough to clothe nearly half
the people Of his native city, besides supply
of handkerchielS sufficient for his own use and
his children's for generations to come. He
was quite good natured while the investigation
into his personals was going on, and was let off
upon payment OF $75. Another passenger had
twelve dozen OF kid gloves which, he informed
the increduious officers were for his O,rn use.
In former years large quantities of goods were
brought into the country in this way by pas
sengers without paying duty, but the snug
CLING business, on board the steamers at least,
will hereafter, be rather difficult operation.
Some time since, several fashionably dressed
ladies, just arrived from Europe were display
ing to a male friend in the cars number OF
very beautiful gold watches, and numerous
other articles of jewelry, which they had man.
aged to conceal on their persons from the in
quisitive eyes of the officers. The ardor Of
their confidence was somewhat dampened
however, upon being informed that the gentle.
man in front of them happened to be Custom
House officer, who probably gained some wis
dom in the ways of fashionably dressed females
mugglers.-Boston EUe Trar.