The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-25

the entire home demand for goods but the sup
plies Of cotton being cut OF for Eagiand, tho
merchants of all the world would como here
for . time, perhaps, under other flags than
ours-to buy the products Of our looma The de-
Dand for these would probably increase four
fold within q year; and instead Of consuming
six bur dred thousand bales of cotton yearly,
we might consume two and . half millions Of
bales These would come North, to employ the
busy hands of our Northern population, through
the rivers, canals and railroads Of the interior,
bringing to all Of them . vast increase Of traf-
&c. Every interest attendant upon tho manu-
tacturers and the carrying trade would psrtici-
pate In their prosperity. A similar result
would attend the iron trade, with all its vast
ramifcations the coal mining interest, the
machine making, house building and every
other branch Of mechanical skill, would expe.
rieDce the same new demand upon it, and even
the common lsborer would find suddenly on
every side call for his exertions.
At the same time the necessities of govern
ment wesid give an impetus to the now sccu-
mulated specie Loans would be called for,
distributed among the mechanics end lsboriog
classes, for the building of ships casting Of
guns, making Of clothes, preparing ratons, and
meeting tho thousand acquisitions OF war; and
war prices would ct once infuse life and health
into every branch Of trade. Our merchant
officers and crews come home with pockets full
Of prize money instead of primsge. It would
be suddenly discovered that we possess every
kind of soil, climate and produc ton within our
selves, and the development of home industry
would become . passion throughout the coan-
should cease the continual remittance Of our
specie abroad, and End employ ment for it at
home; while the twenty or twenty five millions
row annually paid in Europe for interest on
loans and bonds would be stopped altogether.
The results to England Of a war with the
United Ststes would be directly the reverse of
sll this. While We should experience the same
stimulus to our domestic industry that she did
10 ber war with Russia, with her there would
be falling off in the supply of the staples OF
industry, and consequently decrease of EN-
plOy ment. Her commerce harrassed upon the
ocean, her supply of cotton cut of, cessation
of trade and its specie balances from America
to supply the drain upon her for her Eastern
wars, the payment of the large amount of inte-
rest due from this country denied, her cottos
mills stopped, her forge fires in part at least pu,
out, and every branch of her internal trade
Cal FOL xzyst nft ha
plies aid demand of America, would produce
q political revolution in England that would
overthrow all her aristocratical and oligarchi-
cal institutions. Her political importance
would follow the decline of her commercial
superiority, and her relative position could
States would acquire political and industrial
prep0oderance in the world from which abe
could not be driven for ages
Such are some Of the considerations that are
beginning To be mooted in our political circles
under the pressure that all parties acknowledge
for . reconstruction Of party organizations, and
Of new timber out of which TO make new politi
cal platforms Most of them are beginning to
recognise the fact that naval war with Eng
land would be the readiest means of recon-
struotine our political systems, and of placing
this country at once in position Of industrial,
commercial and political preponderance. 10
this point o. view, the resolutions introduced in
the Senate yesterday will not be found too
strong in many political and commercial cir
Giles, and the patriotic spirit Of the entire COM
munity will endorse the policy Of giving the
President the power to prevent the repetition
of ouragcs, and to obtain redress without q
special act Of Congress-