Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-05-22

he was nino nat very forebs That d not prevent hold
ing the title Bat We give very little weight to ha in the con
TIE parties may have co sdered necessary proper
upon the Question satisfied
claimed in the ill had hn successfully maintained By the ev
n according to the rules aDd pleading and proof applicable
The decree viii reversed dismissed the
PENDANT viii pay tn costs CARUrHERs.
tue copy, J. P. CLARK Clerk
How the war will ATrect orr Finance
and cur Commerce.
letter from the New York TFi5UBs's Washington
correspondent thus speculates upoa the effect the
war in Europe viii exert upon car iuaEees here:
The first effect Of the var in Europe will be TO
return our Government, State aud Corporation
Stock, for sale in the United StHes and to deplete
us of sPee.e at any sacrifice. About $500, O0O,-
900 Of this sort Of indebt sdness is estimated to
be held abroad. and in the large demand for money
created By the leans which France, Russia, England
and Austlis have thrown upon the market simuita-
neOusly this is the most ready resource. If the
war should become proiractsd, as now seems TO be
reasonably Anticipated, then American securities Of
real vaue must rise, afording the Only safe reli
ance for investment among European comp lieatiOns
Although it was supposed Louis Philippe sat on his
throne unconscious Of the approaching storm which
ten years ago swept the younger B1urbcns from the
throne there reason 10 believe he had prepared
for the worst, by prudent purchases Of real estate
| in New York.
It has been said, too that Louis Napoleon profttd
] " cue tAaH PIE AZ AAl events, Hnl6 no
advantage can result TO u3 as q nation, by this
mighty conflict, except in the checking Of those ex
/ ces:ive imports which already had began to excite
alarm, the ultimate benefits if full crop Of bread
] stufs should be realized, are certain. The mana-
/ featuring interests generally must also improve by
the di tuIbed cOnd ton of things the other side
AID au impulse sill be givea to agriculture, that
/ may IN some degree, compensate for the speculative
spirit sni idleness eBgendered during the last few
years BY mistaken governmental policy The cash
which carried down such number Of brokers in
England, at the first news Of the French aod Rus
sian alliance, esnaCt fail to react TO some extent
here, and is already FELT in the fall Of Jacob Little
The following sPeeulstions Of the Philadelphia
PeHHsylUaHia' in regard the influence of the war
upon our commerce. are worthy OF consideration:
The question how the war viii reset upon cur
/ foreign commerce and domestic interests has agi
/ tated, for sometime past the newspapers, and the
/ generalal impTsssi. seems 10 be that the effect
will be, on the whole very fayorable The decline
Of cotton, il is coBtenied will be more than eoun-
tetbslanced BY rise Of provisions aud bresGstuffs;
European capital viii seek investment here; labor
will immigTate into this country and our Shipping
will, owing TO the greater security afforded by tee
neutrality of our g, hns abun1sUt and lucrative
/ employment. Some ef these propositions however,
are contradcted By the experience Of the late Ras
sisn war Capital being, that occasion, in greater
demand in Europe than usual did not only seek
American investment 10 the same measure as before
but heavy drafts continued to be made upon Us as
tie C13al reports Of exports OF specie and bull
lion snow. Men being i 4 greater demana in Europe
labor commanded higher reward, and emigration,
/ owing TO this cause, aud the simultaneous Know
/ Nothing policy of prescription here, diminished
steadily and to alarming extent.
As regards cur export trade, it is probable that
what We shall gain, one side, will be lost again
oc the other. We have not the lea t dCutt thst
breadstuifs and provisions Will sell at so advance
but considering that Of the principal articles of ais
particular aple wheat and wheat four we ex-
ported for instance last year SIS, 900 900 WORTH
while Of cotton exported for Sl3l 37S 0O0 II is
conceivable that, should cotton decline the profits
OF the Northern farmer might be fully counJeTbal
suced by the losses of the Southern planter so that
N view Of national economy there might after all,
be nothing to boast Of st the elise Of the contest
Bat suPposing beth bTesdsiuH5 snd eottOls to rise
in consequence Of the war, should We be the gain
eTs by It! When provisions high in Europe,
wages are, and when the manufacturer there pays
high wages and high prices for his raw materials,
he raises the price of his goods in proporti-n ana
IS we are dependent upon Europe for manufactures
to the full amount and even far beyond the value
OF our annual exports, it is us who, after al, pay
the difference. Moreover, and this is the most in
pOrtant view Of the subject, When breadstuffs ana
provisions are dear in Europe, they also dear
here. When American farmers obtain high prices
for their produce abroad, American consumers have
to pay high prices at home. OF the 100000 900
bushels Of wheat which this country produces
nualy only 90 600 600 bushels are exported in the
shape Of grain and -four, ami for the 10 100000
people who subsist hero by agriculture, 10000 900
suOsl5t by other industry. These would be the
losers, it not for the existsrcs of certain
balance Of interests which, whenever mOmenarily
I disturbed, seeks Immediately its equilibrium by
lsbOr-sirikss or otherwise, % that any advance IN
sgr. cultural produce is constantly followed by one
in other necessaries of lie Thus far, il appears to
us, we can gain little or nothing by the war
On the Other hand, however, the prospects Of
American shipping are favorable. During the Rus
sian war American ships were sought after eagerly,
and were offered high rates Of freight Should
rupture Of the ADglO-Freneh alliance, which seems
quite probable, take place, cargcs under both the
French and British flags WOni not be safe n the
ocean, 8n1 this would throw the bulk Of the mari
tine trade of Europe into cur hands. But even If
the latter contingency does not come to pass, TIE
war will still absorb very considerable portion Of
the maritime strength Of Ea Eland AM France.
The British feet viii, like the French, in short
time be placed war footing; many thousands
of sailors will be withdraw from the mercantile
marine AMI steamers aud sailing vessels belonging
10 the latter will be put in requisition to carry
stores, munitions, etc. aud provided that the
t1alty Of our Gag will be respee Oh, American
shipping merch snt5 AMI steam companies may GER
tany derive great profits from the disturbances in
Europe, srd 10 this respect only The advantages
| clearly and conolusiyely on our side. It is Of no
/ use II indulge in ilIusi5ns aud saDguine expe;.s
ticns regards the advantages to be derived by the
troubles abroad-n4y, there is a great deal Of harm
| in II. Better the tru h te knoER at once, faced
oourageOusly aud acted upon wisely, as it becomes
/ a great and powerful nation.
what of the Pi1e's Peak Gold Mines.
A correspondent Of the Davenport IoEs) Democrat,
writing from Nebraska city, Ter date Of the 28tl
ult., says:
Ia the wake Of the favorable intelligence which
have heret3lore reported comes news Of the
most dscouragng character. Two men, Messrs.
| McCaLdlass snd TraTioli, of Taylor county, lows,
who left this city some five weeks since, returned
last evening, having proceeded only as far as F'Ft
| Kearny. Tkey state that the Font and The immedi-
at VANITY ia filed with persoEs who have returned