Delaware State journal and statesman., 1861-10-25
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rIIE WAN AND EuRopE.

ln view OF the great Importance Of the subject,
especially to the agricultural interests of Della
ware, We feel compelled to yield sufficient room
IN this sheet for the following interesting article
from the New York Methodist:
Mercantile indications, in time Of war, are
among the surest crteria of lis tendencies and
iobabilities-the money market is the best ba-
rometer of the political weather. We have re-
peatedly referred to the extraordinary, the provi-
dental fact, that exchange has been in our favor
ever since our war began that money has been
flowing in upon us, and that il is more abundant
now in the nation than ever il has been, even in
our most favorable years. Strange fact aud as
significant as strange!
But commercial facts now indicate something
vastly more significant. 1t is now demonstrated
ihat nothing short Of grand commercial revo-
luton is setting in, as between us and Europe,
by this war, aud that it's advantages are mostly
on our own side Few intelligent capitalists can
doubt this fact. Figures that cannot lie reveal
it demonstraiively, and with an emphasis which
must soon statlle the foreign world, especially
that part of ii which has chosen most to disparage
US in our national atiction and upon which u
terrible Nemesis is about to fall.
Oar own mercantile men see the unquestion-
able augury. One of the most important COM
mercial papers yet brought out by the crisis, is
statements and proofs cannot fail to strike with
alarm the capitalists of England 1t would fill
two or three of our columns we can, therefore,
but CLEAN from it its most important data. They
prove that England has realy y "a deeper interest
than ourselves in the contest, aud that her com.
nierce, aud not our existence or welfare, may be
ship-wrecked in the great maGstrom," over
which she has so irratiOnaly rejoced. Let us
look at u few facts
nI,c Al.
fallen OA, since 1860, to 40 per cent from 1859
to 49 per cent. For July, August and Septem,
her, they show decrease for the last half-year,
ns compared with the preceding year, of 90 per
cent The diminuton at other ports has been
much greater, and all the Southern ports are now
blocknded it is, therefore, inferable that our
imports for the year will not equal half those of
1860 This is one significant fact.
II We turn 10 England, we find a corresponding
fact on the other side Of the subject. In the
month Of August, the exports from Liverpool TO
the United States fell oii Sc 900, 900 as compared
with August, 1860 Such fact, says the Cir.
cuidr, 'ls well calculated to strike the foreign
merchant and manufacturer with CONSERVATION. "
| AZ this rate, Liverpool would lose, in one year.
| $4,000, 900 of her trade with this country
But this is not half the result England, lnet
/ year, received from us raw cotton TO the value
of Sl35, 900, OOO which she manufactured into
ia the season which usually affords her lnrRest
importation Of the STAPLE she will receive hardly
bale Tha commercial results to her, says the
Circular, must be 80 tremendous rs to over
shadow, to the distant observer, all events of a
merely political character" In fact, the "insur-
reclion" is here, hut We can master it, as Rus
sell himself now admits, hut the ''revolution" is
TO be III England, and she cannot master il, while
for us that revolution is 10 be one of the greatest
blessings
The Crculdr proceeds to show that the reduc.
tion in imports by us does not prove fully cor
responding reduction Of consumption among u.s.
but Increased domestic production" It shows
that Of the most necessary articles, we Shall con.
tinue to import to the probable amount of SlI5..
2ds,Sl5. Deducting this from the aggregate
imports, there will be left only S35, 500, 900 for
other articles. Under the great call for money.
we must expect that high rates will be continued
upon nll the ordinary sources OF revenue. Under
their protecting influence domestic manufactures
will get a start which, with low rates Of money
tlat are almost certain to prevail, aud with labor
nearly US cheap in this country MS in the Old
World, will enable them to keep out of our mar.
kets foreign manufactures of all kinds which this
country is adapted TO produce. We have equal
advantages for the production of cotton and
woccn goods and iron, rs England and shall not
only drive her out Of our own markets. hut in
time compete with her in foreign markets.
To estimate the full effect of such revolution
in the import trade of Il great nation, we must
look at is effect upon its export trade. The
phenomena here is still more striking than that
already described. While the Imports into the
port of New York have fallen oil nearly fifty pc,
cent in two years, its exports have nearly doubled
The following is a comparative statement of the
imports Of foreign merchandise, exclusive of bull
lion into this port and exports of domestic pro.
duce, exclusive of bullion, for the first nine
months of 1859, 1860, aud IS6l:-