The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-22


amounted to s7O2 4l0. The total value of Imperial
tions for the quarter ending September 30th, was
s10542 ,527.
We are glad 10 be able 10 announce that TIE latest
accounts from Mississippi give reason to hope that
the yellow fever has entirely disappeared from all
the afflicted localities
The Financial Crisis In France ard England
Position of slac United States.
The fruits of war ripen prematurely. In
time of peace the atmosphere is serene,
the sun shines brightly on the commercial
world giving assurance Of health and prosperi-
ty But no sooner do the clouds of war over
hang the political honzon than all settled
rules OF trade and all the occupations of men
are changed Thecouncils of the two interests
are entirely different. Quacks are brought to
the surface, exploded dogmas of political eco
nomy are revived expedients and devices are
thrust forward in the vain hope of averting the
penalties which war inficts upon commerce,
trade and general industry. The public mind
felt but not seen, instinctively dreaded but
not fully comprehended It is noteworthy
fact-the first scene in the drama of the present
war--that before the last gun had sounded the
triumphs of the allied armies at Sebastopol-
at the very time that England and France had
received positive assurance that the great
struggle in which they were engaged could in
no possible contingency be extended to the
ocean-when British and French commerce and
manufactures were assured that, beyond the eff
fects of the withdrawal from those branches Of
Industry of large means to carry on the war,
they could not be crippled or paralyzed-at
such moment something like o panic in the
financial circles is precipitated upon them!
That the war with Russia will put CONNER \
cial endurance to the severest test is evident,
from the fact that it will continue to with
draw from the channels of trade vast sums of
money to carry on its operations. It is a new
use for money, new field for its employment,
new men are to distribute it, and an imperious
and controlling law governs its collection ana
disbursements law which overrides and to q
certain extent, repeats that under which the
peaceful operations of exchange are conducted,
and which makes all the world party to its
influence. There are many who argue that we
in the United States are exempt from its eff
fects, because we are a producing nation--a
neutral commercial community blessed with
vast surplus produce, powerful enough to
protect our rights and wise enough to take ad-
vantage Of our position. We have great means
of resistance Of defence against financial dis
asters on the other side of the water, but we
have no absolute exemption. In the exact
ratio that we are connected by CONNER
cial ties with England and France are
we liable to the effects of financial re-
WILSON'S and disasters in those countries.
We hold our share of the precious metals of
the world by commercial tenures. Commerce
is the great field Of its employment; it settles
the proportions which each nation shall use !;
it regulates its exchange from one to another
and these are laws by themselves wholly ire ]
pealable, and made to operate upon all. The
withdrawal of vast means, at any given point
of the world, from its channels creates va
CUM, which must be filledby contributions from
other parts. Thus the United States stand re-
lated to the commercial states of England and
France at the present time; and thus are we
liable to be affected by commercial revulsons
and discredits in those countries. Our means
our weapons in better repair or in more efficient
operation.
During the week just closed our exports,
chiefly breadstutfs from this city alone, amount
cd in round numbers to S2,l00,000. We sent
flour to London, Liverpool, Glasgow, Havre,
Marseilles, Cork, Constantinople, Bremen, Ham,
burg, Dunkirk, Antwerp, to British Guiana,
IN IN 10 f1a
Indies, to Brazil, Honduras, the Danish Yves.
Indies, British West Indies, British North
American Colonies, to Australia and other |
points of the world. Upon all these countries |
the long guns of our agriculture are made to |
bear with marvellous effect No excess of |
mere commercial disasters in the great states
Of the world would be likely to reach us-but
when we superadd to short crops in England,
France and Prussia, entailing upon those coun-
tries the most serious embarrassments, the bur-
dens of war such as that waged against Rus
STA, the end of which it is impossible to divine
a war whose necessities withdraw from the
channels of commerce very large proportion Of
its means-which has carried up interest at the
rate OF half per cent q month-which has driv-
en- the bank of France already to the most
devices to sustain its credit, devices
and eSpcdients that have frightened its deposit
tors into the withdrawal of their means from
its vaults and which are likely to lead to a
OF payments-wth all our resources
and all our means of defence, it is time to pre-
pare for the worst.
The real burdens imposed upon England and |
France by thcwar are not what weigh upon the
SHANGHAI interests of those countries-it is the |
vain effort Of the bank Of France to create, for
! hiefperiod, an artificial prosperity-a species
If false pretenee---a violation Of the plainest
dictates Of economy, involving the sacrifice of |