Daily national Democrat., 1859-06-04
The Effect of the Struggle in Europe.

The war in Europe, which now seems TO be
inevitable, is likely to be of great benefit to
the United States and not less to California
than any other portion of the Union. The
whole of Europe being involved in the
bloody struggle, the result must be that
thousands upon thousands Of men employed
in agricultural and other industrial pursuits,
will be drawn into the circle of the contend
ing armies, and thus create an uncommon
and wide demand for the usual products of
labor which are plentiful in times of peace
The United States, being of course neutral in
the contest, having, from the very nature of
her policy, no entangling alliances whatever
with other nations, whether European or
American, will be one of the great sources Of
supply to the belligerents We will furnish
them with large portion of their food and
clothing and various necessa-ies which. from
the cessation Of labor in their own limits
they will not be able to produce for them
selves. 1t is probable that the war will last
for several years, and Of course the demand
for our products will continue as long
1t is not to be doubted, either that the
convulsions peryading the other continent
will drive capital TO our shores. Money will
always seek safe investment, and capitalists
will not suffer their means to lie subject TO
the chances Of war when they can just as
well place them where they will be secure
and productive. The tremendous losses that
have been sustained by men of wealth in the
various wars that have shaken Europe, have
taught the owners Of property and money
the sound policy Of sending their means
abroad and investing them where they will
be unaffected 10y the vicissitudes of hostile
contentious In obedience to this same instinct
of selfpreservation, the different potentates
Of Europe have, on various occasions of inter
nal trouble and turmoil in their respective
countries or attacks from without, where the
issue was doubtful, converted their posses
sions into money and sent it abroad for safe
keeping or investment; and it has served
their turn well indeed in those cases where
they have been compelled to flee for their
lives, whilst their thrones and principalities
were crumbling to ruins. In general con-
yulsion of Europe, it is not likely that the
wealthy subject will be less careful of the
future than his sovereign or superior
California will be the most likely spot of
all the Union to attract the attention Of these
European capitalists. Here, money always
commands the very highest rates of interest,
and will for many years to come Here are
natural resources, both agricultural and min
eral, which are inexhaustible. Here are en-
| terprises ola permanent character, such as
railroads from the mineral regions to the val
leys and the sea coast, DRAWINGS of rivers for
their auriferous deposits, tunnclings Of noun
tains, sinking Of shafts, building Of quartz
mills, construction of fumes and bitches for
.he supply Of dry regions Of gold mines with
water, dc, dc, which must necessarily COM
mand the employment Of capital for hun
dreds Of years to come Here then will Euro.
pean capital seek an investment, when it is
no longer safe at home, and there can be no
doubt that the impending war in Europe will
be of benefit to California to the extent of
millions of dollars.
As for the merits of the controversy, Amer
lean citizens can take no very heartfelt inter
est in it, for the reason that it is merely a
struggle for the supremacy in Italy of the
French or TIE Austrian Power.