The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-11

fashion, Givolity, Bohemianism and rascality
till night, we have had within the past three or
four days an under. current of rural bonnets, pro-
vincial coats, white cravats well preserved, white
hats, and SO on. In fact, the country has put on
its " store clothes" and journeyed to the metro
polls to be edited with the annual exercises of
The various religious, benevolent and reform as
sociations. The Lord, who chastises The special
objects of His care, always provides q rain storm
for the anniversarians. In a meteorological point
Of view, this year of grace presents the same
huvial aspects. After enjoying the most deli
cious spring weather for fortnight the wind
changes to gale, and the rain falls ia torrents.
Yesterday the storm and the anniversaries cul-
minated together. 1t was heavy day for the
barometer, and the church as well.
Our ancient friends the Garrisonian aboli-
tionisis exploded like bunch Of fire-crackers in
an empty barrel. They abused Doctor Cheever,
the reverend gentleman who has lately been
preaching against the sin OF slavery, in the most
terrible way. They evidently consider him Us
an interloper in the camp-one who desires to
infringe On their patent right to work for the
ameioration of all the little nlggers in the land
Their Indignation is the more bitter, perhaps, be-
cause the British Exeter Hall sympa!hisers have
been called upon to contribute to the support Of
Doctor Cheever's church, on the ground that
it has suffered pecuniarily on account of
its pastors labors in the cause of the
slave. The Garrisonians do not relish any
such poaching upon their preserves, and
desire to have it distinctly understood that
the Cheever wing is in no way entitled
from British founts into the brooches pockets Of
Masga Garrison.
But neither the abolition nor the temperance
fanatics attract much attention this year. The
State Temperance Society, which was, only q
year OF two since. powerful, numerous, wealthy
aud influential body, has lately broken down
financially, and ct its anniversary meeting yes
terday only five members attended, which
would seem to show that the society was beyond
the power Of any galvanic battery, however
strong it might be.
The truth is, however, that the war excitement
is the only topic Of the day; and, us the metro
polls is only equal to one sensation at q time,
the anniversarians attract little attention outside
of the persons who have a direct financial int
rest in them, and the old ladies who go to
church as quiet place wherein to mend their
stockings or hem their handkerchiefs. To day
the proceedings Of the Tract Society and Of Dr.
Cheever's private abolition society may present
inf lint "a Tho
this year will be duller than ever, and hardly
worth the trouble of reporting.
LOANS TO THE FIGnTINa PoYERs -Eurore on
THE BRINK OF BANKEUrscY.-From the tele-
graphic news from Europe by way of Quebec,
published in yesterdays HERALD, 1t appears
that Louis Napoleon asks for loan Of 500. 000,-
900 francs (SlO0,oO0,OOO) to carry on the cam.
paign in Italy, in which he is TO take the com.
mand In person. The loan lately put in the mar
ket by Russia now the ally of Napoleon, is
$60000,000. Besides these there are in the mar
ket q loan for Austria of $40 900, 900, which
hitherto she has been unable to sell but has
seized instead the metallic currency OF the Aus
trian banks; loan for Sardinia of s25, Oo0. 900,
which she has succeeded in obtaining; loan for
Prussia Of $d5 900, 900, and loan for England
in behalf of India for $4,000, 900.
The total amount Of new loans in the market
is 500 0O0, 900 besides over $4,000 goo 900 al
ready due by these governments. The effect Of the
coming war viii be to make them all bankrupt.
The annual interest On the debt of England
alone is $4,000, 600. The annual expense of
her army and navy is Sl57 100000. Her whole
annual expense is SS40,00o.0OO. Russia owes
$3.50, 900, 900, and the annual expense Of her
army and navy is S73,500000. France is
in similar predicamept. They viii
not be able to pay the interest, aud d
crash viii take place that will shake all
the United States, will be to enable
the government 10 pay off our national debt.
The demand for agricultural produce will
greatly increase with the war; and consequently
a vast amount of manufactured articles viii be
sent over here 10 pay for the food Of the fight
ing armies. Our revenue will be so increased
from the duties on these goods, that soon the
national debt will be wiped OUT while The
nations Of Europe will be involved in a bank
ruptcy from which they eau never recover, and
thousands upon thousands Of fandholders viii
be ruined. Already the funds In England have
rapidly fallen, and forty stock brokers have
failed. This is but "the beginning Of sorrows"
War is not productive, but destructive art
Not only is vast number Of men taken away
from the cultivation of the soil and all the arts
of industry, but the growing crops are laid waste,
agriculture is neglected, the operations of trade
and commerce are interfered with, and immense
property is destroyed by the armies who are
maintained by the toll Of civilians. But this can
not always last-poverty and bankruptcy newt
ably ensuc. This is the legitimate consequence
to which wars Of ACKNOWLEDGEMENT lead those
nations who permit their rulers to spend their
money and shed their blood like water for the
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