The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-06-01


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English Interests and European Wars
The True Policy for England to Pursue.
| The war clouds that are gathering over the
continent of Europe are pregnant with disaster
to the financial and commercial systems of the
nations that compose the great republic Of trade.
If their storm can be limited to the plains of
Italy, and their effects circunscribed, in the
main, to the two great combatants, France and
Austria, partial ruin only will result from the
deluge Of blood But if England permits her
self to be drawn into the contest, or if, as in a
former period, she undertakes to substitute and
to lead one of the contending hosts, the devasta-
ton that will follow to the Industrial interests of
mankind will surpass all precedent in the his
| tory Of the world. 1t becomes US, therefore, as
| one of the most active members of the republic
| of trade, and the greatest commercial ally of
England, to discuss what may and should be her
policy in the present juncture Of affairs No
great good can come to her, and no great evil
can befall her, without our largely participant
ing in her veal or woe.
At the close of the last century, when the first
French revolution threatened with destruction
the remaining feudal privileges and dynas-
ties of Europe, the old tory party of
England took the alarm, and not only as
sisted, but aroused, subsidized and led the ex-
animate dynasties in the contest until the spirit
of change was exercised from Europe, and the
statu quO restored under the guarantee of the
treaties of Vienna. This struggle lasted from
1898 to 1915. During those twenty.one years of
war she added sir hundred and thirty millions of
pounds sterling to her public debt, and wrunc
as much more from the depressed resources of her
own commerce and industry. Within the first
five years the Bank Of England was compelled to
suspend specie payments and by so doing to
break down very many of her old banking
houses and commercial firms When the long
continuance of the war and the irredeemable
paper system had enabled new interests to grow
up under the new order of things, the necessity
of return to specie payments forcing the adop-
ton Of Peels gold BILL brought, within the first
five years of peace, ruin again upon the financial
and commercial interests Of England. And yet
what did England really gain by this vast double
sacrifice? Nothing-but to be
Called Saviour of the Nations mot vet saved.
| And " Europe's Liberasor still enslaved.
That was the fight of the old tory party, which
then claimed to be England. In it they sacri-
feed all Of England's best interests to their own
selfish ends. Merchants and bankers were ruined
by thousands, the hard sought earnings of the
people were wrung from them in millions, till
famine and fever stalked through the lahd, and
the hives Of industry were comparatively idle,
or active only in the production Of matfriA for
war. Even her future energies were cucumber
ed beneath q mass of debt that would have
crushed any other nation than the inventor of
the steam engine and the spinning jenny. But
the England of to-day has other claims upon her
than those Of dynasty and feudal privilege. The
commercial principle within her, too, has waxed
strong and can now wrestle with the lord. The
social interests of the masses have nothing in
common with crowns and coronets. To-day the
industrial, commercial and financial interests Of
England have their claims upon, aud representa-
ton in, the State; and they call upon her to take
her stand with US on the neutral territory of the
republic of trade, and to unite with US in Sc
curing the immunity Of industry.
If she refuses to permit herself to be drawn
into the present contest, the war cannot become
general, nor can it be long one. If she refuses
to supply the hundreds of millions requisite to
a continuance Of the struggle, it must die out Of
itself. Neither France noc Austria can sustain
the fight, with the present facilities for the de-
struction Of men and material, ten years. nor five
nor yet three, without utter exhaustion. Nor
can Germany take part in it If English wealth
and English industry are not brought to foot the
bills. The present financial system of cont
mental Europe must be swept away, carrying
WIN II It's bankers and its brokers to the
sea OF oblivion which rolls over those of
oio' iney are indissolubly connected with
the worn out systems of government and
these have for many years REQUIRED three
mihons Oh paJonets and yearly loans of
millions to sustain them in a time Of peace
England should let them go. They are not
worth the immense sacrifices it would take to
support them; and even If they we're sustained
for time, they must fall in the end. No sys-
tenn of government that demands three millions
Of armed men to maintain it, and no scheme Of
finance that can be kept up only by constant
shining among the Jews, can long resist the
utilitarian spirit Of the present age. Treaties
may be appealed to for the purpose of enforcing
a~.ieAi toEse but tue re.sies of Europe