, 1859-07-11

An1eFdee1 MsxkPes. : =.
So long u the war il confined u: :1ta}y, it, e.
fects On commerce .aro now distinctly 3undef!.
stood. Those edects an chiefly On ~ 1o.e,
ment OF taa precious metals, ff which The de-
~ a.sa !. 10y ana T. my y s;nsaa: 4. ~ 80: 80:
pulse, which was sialsat, bslnk dTet.. But ults.
nor consequs1ce1 are expectea, And tho lear Of
thess opsrate to the hindraaoe: Of commerce.
Prussia and other German s&stss ars ez1nanK,
and: Prussia II borrowing moneys always, It
seems, the first step tox1sra going 70 war. Fzus,
sia has raised at homie $ pr oedt: 'een q 62t
millions Of dollars. Austria IL trying to induce
her TO join a coufederscy Of the great German
nation against France step which would be
foolish and suicidal, for -RuSsiA France
would be q match fully equal 10 Prussia ar'tt
Austria, Englsnd remaining neutral -, how.
erer, therE Ia no reasoning On the 1nsdaesa Of
either kings or people, when reused By passion,
interference, should it take plica.
hwould be II war Of greater duration than
the present can Otherwise b. 1t weald be
war Of far more destructive character to COM
merce and TO production than any mere Austrl-
m and 1talian war. Another panic would star
tle ns at its very commencement Another
rush flr gold from the go1d.prodncing countries
Of the eurth, Of which VIZ are .oae. Another
and far more powerful disturbing cause to CON-
mcrcia1 credits. Another blow to con6dencs.
- So long, however; as Great BFitAln remained
neutral, no favorable consequexSe4 would result
y US; for it is only on the supposition TINT
Great Britain is debarred from getting her sup
plies Of cereal produce (so necessary 70 her cx-
istenec) from the nations Of Europe, that she
would be forced to come to US for them at my
price, that would render the war ultimately Of
benefit to us; while there it would curtail her
consumption Of cotton. ..,
We view the results Of such IN extension
Of the war as tending to in0ict ealanities on U.S.
rather than benefits, for further contraction Of
credit would ensue, and further asodlns Of
goods from Europe upon u ta0btain our gold.
A war in which Germany aud England were
involved would tenfotl enhance the disturbing
elements already produced here; Doubling the
forces engaged in the war would more than
double the eyi1s, Whichever party conquered.
While England remains out Of it,, We cannot
possibly, in any way benefit from it; for the
| produce market Of Russia aud Germany would
be still open to her, without let or hindrance.
The Involvement Of Germany would give such
blow to commerce as to check its movements
seriously. and prevent ths capital Of Europe
from artite employment Germany would
press ior gold rs well as France, and further
add to the already great de.nAad !oE it. War is
u casl article, and cash nrtieie of the hard
will not serve the need. Nothing but gold, gold,
gold t-and those who in the dcspotc countries
Of Europe hare any portion Of it, hide it, board
it, for lear Of seizure in the shape Of forced
loans. and a consequent loss Of i.
| If Germany then should he drawn into tue
here, if we are. az we believe NC are, too greatly
extended in the credits we have obtained.
But ne do not believe that the war will be ex-
| tended. Prussia is aEming to he able t2 girs
strength to her councils; and Prassiu, Russia,
and England, or whichever ofth m keeps out of