The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-25


United States and Germany is commented upon, and
gloomy picture drawn of 1t effects upon the prosperity Of
the country This article s OF considerable interest
showing the state OF public opinion the subject just
now, and presume therefore, that brief abstract Of IL
will not DO unacceptable to your readers.
The reports from our manufacturing districts of the
reaction Of the civil in America export trade
tho United States already, says "extreey alarm
pg md glance the list Of exports from the port OF
Bremen disooses fearful view Of the reduction in the
shipments Of the industrial productions Of Germany the
atlantic markets In the second quarter Of 1861
Apri to June) the decrease compared to 1880 wns
In ribbons, At per cent; cotton fabrics es per cent
silk and half silk manufactures, IS per cent broad
cloths, 81 per cent; other woolen and half
woollcn goods, 90 per cent miscellaneous, 40 per
cent; and scgars, about 90 FER cent. II is
true that this diminution does not entirely arise
from the disturbed state of North America; in part IL
may be traced to the introduction of new tariff with
higher scale Of duties, which caused increase OF inn
ports to take place previous to lis being carried into
effect, and decrease Immediately after But for all that
IL s undenabe that the domestic warfare in which the
United States engaged parayzcs commerce
and speculation, and that in particular the capital
wasted in loans and expenses for military purpose
must restrict tho consumption Of other objects.
The effect of these circumstances, which extends
short duration The absorption OF capital must lead to
exhaustion Ct the material resources which will react
for long time IN reducing the cnnsumptcn. We have
experienced similar results in immediate vicin
ty, where trade and industry not yet entirely
covered from the stagnaton produced by the war OF
1850. 81
II in addition TO this calamity there should be falling
of in tho cutya Of cotton in the United States,
which would sim further restrict The medium Of cx
change FOR foreign commodities, permanent and most
dsasr, effect upon our export trade would plainly he
unavoidable
for European, and especially for German maDr sc
lures. This Is easily explained by the fact
that they possess the character both Of highly civilized
and Of primitive country consuming articles Of luxury in
large qraIs, and at the same time exporting the raw
mater ahat is to say, productions that are eagerly
ceyed by all the nations Of Europe, partly duty FREQ and
parity with merely nominal duties. Tho free or lightly
taxed importation d American cotton and American
hfeadsuiIs and the influx Of American gold form tho
most eectual means of promoting the export oEuopean
manufactures to America II this reciprocity be disturbed
the export from the United States berg obs,ructed or
crcumscribed, thoy will naturally be prevented from i'm
porting TO the same an uht as heretofore ana we shall
ind far less ready market for our productions. To
and how industry will be able TO get this great
and poss bly, lasting contraction Of sales to North
America2 Whether there is any prospect OF fndinga
substitute for elsewhere, and what means should be
employed to facilitate The attainment Of this objectY
The Nnioncl Zelung ihen proceeds to qroe the
follow her example in reducing pfohbitory duties, or
ahoshng them altogether. II observes that the
rise of cotton offers favorable prospect for
that the will not be able 10 pete with the
French English and Irish unless they get their yarns
cheaper than at present Measures should also be taken
TO accelerate the conclusion OF commercial treaty with
France the negotiuos which still pending, and
which woud open thai country to the manufactures OF
Gel many.
How far this advice, supposng should be acted upon
by government will contribute towards diminishing the
ELECTS Of tho American Crisis Oh the Industry Of this
county remains TO be seen; but the extracts have
given will suffice to show that the Interests OF Germany
interviewer with those cf the United States to much
greater extent than generally imagined and account
for the anxiety with which the progress Of events
your side the Atlantic watched here in all classes OF
society.
You may guess the sensation that created by the
Geographic despatch that arrived Monday announcing
the unfortunate affair at Manassas junction and tho
treat of the Union army to Alexandra.
1t upon rs like thnnterbot, as tho recent
OF Mcclellan w stern Virginia, and Of lyon and
Scge III Missouri, had given rise TO the impression that
tie troops Of the sccessionisis completely dis
couraged and dcmoralzed and would be unable with
stand the imposing display of military force directed
against their chief line OF operations.
Considerable appreEaisions felt for the safety Cf
Washington City; is feared that the enemy flushed with
victory will make dash the capital, and perhaps
up to protect it against coup de maia trust,
however, that the disaster is Overwhelming il
would appear from tho accounts and that org before
his tho armies Of The republic have wiped OF Tho blot
from their escntcheon and renewed the superiority which
they exhibited tho rebels in the earlier part OF the
campaign. Such occasional must be expected in
and after ali Americans lighting against Ameri
vans the two contcndng parties Of the and
scales of victory often wisely poised and If tie good
cause is not always triumphant.
The greater IL The pity that courage and military skill
should be wasted in internal conflicts which might be
much more useiuiy employ ed against foreign enemy.