Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-10-28
The fleet Of the American Revision On tas
Politics and Commerce Of Europe.

Politics and Commerce Of Europe.
Prom the Ns~ YORK Herald
me great r~evulsion that Is now going on
here In financial affairs, overslaughing IN us
course all the cd political issues OF the day.
- sgsctfng 2 practical, though peaceful reyo-
iTrion in The ideas and theories that rule IN TINS
-ouut-v. viii undoubtedly affect ths political
theories and systems OF Europe IN a much
nor marked and durable wsythsn i does our
M relations that the United states bean 10
he countries Of Europe in . maternal point Of
vieyv are many tines wider and deeper IA user
ramffcstioBs than has ever beenthe eass IN for
mer years Of commercial disaster; and the loss
~ re great dem and Of our markets is lEelyto
cause : disturbances in the large manufacturing
centres Of The Old World that mayre-s.et upon
n~olitirs there in a more violent form than ever
before Already have The retailers m our city,
az silks and fancy goods, reduced their prices
thirtv-three Der cent. on rates that were esrab-
lished a few weeks ago, and their example
must be foIloP. ed all over The country. The
ssme result has attended trade In groceries and
an s~rticles tbst depend upon the great mass OF
consumers. including that in provisions. This
bas been done artly from the desire to raise
money. but II / q also been caused in part by
he wish to for &c of the large stocks Of al
ki,sv m goods tbat have accumulated in our
warehouses. V lille no branch Of trade is un-
derstocked, Their Is now lying in our Custom
House stores IN ported goods to the value Of
thirty millions Of dollars
This immense importation must be sold at a
very large sacrif &C and whether it has been
sent here bv the foreign merchant on his own
account. OF on O. -ders from our traders, the re-
sult must be the same. In the 6rs. case, the
foreign merehzn experiences the direct loss
and Ia the second. be bears it indirectly, from
the inability on the part Of our dealers to meet
their obligation. ia addition to the present loss,
there will be the great dimuniti0n in orders
IRON here for futur E use, consequent upon the
r5sFh 81 CAV f~hr16TgB5dt tie land. At tie
same time We shall demand Of Europe large
suua O. he precious metals, 20 restore the
equilibrium Of affairs here, which will bring
n1on it an increase Of the cOltracti0H which
has already begun TO be felt IN monetary cir
I eles there. That contraction IS already evil
dent in the decline Of the public funds IN near
ly every State in Europe 40 the tIsmay in Eng
and consequent upon the loss OF her East In
dian markets for a term Of years; and in the
shrfnking and proximate Disappearance OF such
great bubble concerns as the Credit M0bIisT Of
France.
These causes. with the others that are apps-
rent to every thinking man, are operating with
the same uneTring certainty in Europe as did
those which we have so long seen here, and
warned our people against similar imitation
Of value exists ia Europe TO that which existed
I here : the same fur0re OF speculation has been
rife there I; railroads have been planned to ex-
! tend thousands OF miles into spain and Russia,
ID every money market has been coaXed to
Z hand ; fancy companies Of all kinds
a. -rurg up. particularly in France, which
IKE mems fortunes in no time i'm
7hip lines have been created, and
IeHse he demand for the ships that
transport troops and sap
st-ta., -, ms, a dozen giant lines
Phes y uIssaHt in Great Britain. All
~. ~ = I cent in Europe has
been bankrupt, and living I. -. -
ten years past, France, Spain, A. --a.
and all the mino States that had
have exhibited a constant deficit IN the- -
cial budget, and r~esorted to loans OF some =
lar expedieutto make up the deficiency Ens
land. which has experienced a COMMERCIAL eX-
pausion during this time that has astonished
herself, has-spent more than she received from
her revenue, and has greatly swellsd her I'M
mense debt.
Now romes the contraction and the conse-
queaE money pressure And what Is the con-
fition of the governments Of Europe to meet
that, and tie starving millions q rs popula-
tom England has two wars upon her hands
wars that must be carried on at The antpodes
for an indefinite period. TBe reTulsion viii
III N4E MAA Va III aAAAANIH ~
upon her excbequer must be met BY more loans
and new tsxstion- War prices and war taxes
nav effect a new distribution Of her wealth
among her people. Spain is boiling with rev
olutionarF feeling and the want OF bread, Of
which the late explosion a. Seville Wss out e
Bremonitory symptom. Austria and Italy are
k~ePFquiet BY the pressure Of an immense army
ona var footing; and France, full OF reyoiu-
tionsTV cOHspiraCies, IL On The eve OF a IMAM
eial Revision and a winter Of no work and
starvation 10 the manufacturing population Of
her cities. These are the dangers mat await
the political and monetary circles OF Europe F;
and Who shall fortell their ~resultsg
Louis Napoleon is busy as the diplomatic
uegotiator Of Europe. Lately he was at Os-
BONE house to arrange with Qleen Victoria
the Indian problem; now be is at S-uttgaTdt 70
consult with the Emperor Alexander about the
Princrpsifties and The effects Of = the sick nan"
Tarkey-ehe sentimentsiism Of politics epga-
ees ali his attention Bat the cotton tUists,'
as his organ, the C0asflufi0EBd, lately called
them ia derision, are contracting around the
foundations Of his throne in 4 manner that be
little dreamed OF a feW months siace- France
as veil as England must have cotton and To-
dsy We mus have gold, hard, gittering, bright
gold Ia return. We need no more silks and
sstiDs f; 10 more wine from Ia belle France ;
aid when we take her gold, and her inflated
prosperity coilapses IS ours has done, shs must
have the sane results We are experiencing
Revision in finance is revolution In politics in
Europe as we'll as IN America. Here it will
be peaceful; what it may be elsewhere time
will tell