The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1859-07-16

80 long ~ tue War ~ COnuueU W Italy, Us
effects on commerce are nov distinctly UNDER
stood. Those effects are chiefly on the move
ment Of the precious METALS, for which the de-
mand Is steady, and is likely to continue so,
with steady bat moderate force-the irst i'm
pulse, which was violent, being over. But ul-
terror consequences are expected, and the fear
Of these operate to the hiIdrance OF commerce.
Prussia and other German states are arming.
and Prussia is borrowing money; always, it
seems, the 6Fss step towards gong to war
Prussia has raised ct home per cent. loan OF
sixty.two and half million dollars. Austria is
trying to induce her to Join . confederacy Of
the great German nation against Ftance--a step
which would be foolish and suicidal, for Russia
and France would be match fully equal to
Prussia and Austria, Eogland remaining neutral.
As, however, there, u nosesoning on the mad
ness OF either kings or people, when reused by
such an interference, should 1t take place.
IL would be . war cf greater duration than
the present can otherwise be. 1t would be a
war 81 far more destructive character to COM
merce and to production then any mere Aus
TRAN and Italian war. Another panic would
startle 10 at its very commencement. Another
rush for golA from the gold producing countries
of the earth, Of which We are one. Another
and fer more powerful disturbing cause 10 com
mercial credits. Another blow to confidence.
So long, however. IS Great Britain renamed
neutral, no favorable consequences would re-
suit 10 Ne; for it Is only on the supposition that
Great Britain is debsrred from getting her sup
plies Of cereal produce (so necessary to her ex-
istence) from the nations Of Europe, that she
would be forced to come to US for them at any
price, that would render the war ultimately OF
benefit to Us; while there it would curtall her
consumption Of cotton.
We view the results Of such an extension
of the war as tending TO inAict calamities ON US,
rather than bene6ts, for further contraction OF
credit would ensue, and further flooding OF
goods from Europe upon US to obtain our gold
war in which Germany and England we're
involved would tenfold enhance the disturbing
elements already prOduced here. Doubling the
forces engaged in the war would more than
double the evils, whichever party conquered.
While England remains out Of it, we cannot
possibly, in any way benefit from it; tor the pro-
duce market Of Russia and Germany would be
still open 70 her, without let or hindrsnce.-
The Involvement Of Germany would give such
blow 20 commerce - to check its movements
seriously and prevent the capital OF Europe from
active employment. Germany would press for
gold - we'll q France, and 1nssher add TO the
already great demand for it, War is a cash ar
ticle, ard . cash article of the hard democratic
sort. Credit or promise TO pay, will Lot serve
the need. Nothing but gold, gold. gold!--and
those who in the despotic countries Of Europe
have any postion Of IL, hide 1t, hoard IT, tor fear
Of seizure in the shape Of forced loans, and q
consequent loss Of it.
II Germany then should be drawn into the
war, We may look for further monetary troubles
here, il We are, ~ we believe we are, too greatly
extended in the credits We have obtained.
But We do not believe that the war viii be
extended. Prussia 10 srming to be allie TO give
strength to her councils; and Prussia, Russia,
and England, or whichever of them keeps GU,
of the war, will BE- The pa' ties who will have
most influence in bringing shout peace-and
that is the part they are called upon 10 play
II Prussia 10 drawn into the war on the one
side, and Rossis on the other side, then neutral
Britain will be the peacemaker, il her German
led court and aristocracy be controlled by the
people. That would be noble position. She
could ply her several industries Of the loom aud
the ocean, and her general and ever extending
commerce undisturbed, and the result Of the
var would be comparatively uniclt by the
world. Pesce-compeihng Britain would be
better appellation than any she had ever ye;
had. She could do more for peace by standing
sloof than BY engaging in the war on either
ade.-lN. Y. Independent, July 8.