Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1861-10-24
The Props Of European Monarchy
Shaken by the American Insur-
rection.

American, Bremen and Arabia, our readers
have been informed that the English funds
had fallen; that the Bank of France had been
drained Of its specie, owing to deficient
harvest and the purchase of brcadstuffs
abroad that it had increased its rate of dis
count, creating thereby great outcry in the
commercial world, and that the price of
bread had advanced in Paris, producing a
bad impression, and adding to the despon-
dency Of the Paris Bourse. These monetary
and social arrangements in France, and the
stsgnation in England, which is the forerun-
ner Of similar phenomena in that country,
are explained in the London Times by ''the
American crisis which has paralyzed every
thing"
Now these developments are but "the
beginning of sorrow+' the premonitory
symptoms of a great financial and COM
mercial revulsioD, which, il the war contin-
ues fol eighteen months longer, will sweep
over all Europe, and result in "a terrible rev.
olution, ovcrturning cd thrones which seeip
already tottering to their fall.
The war has scarcely yet begun. II is
only six months since the President issued
his proclamation for volunteers. What is
the effect already upon England? In the
last nine months, from the operation Of the
insurrecion and from the previous appre-
hension ofiA we have imported so little from
Great Britain that her trade with us has
fallen of one hundred millions Of dollars,
while her necessities have forced her 20 tuke
our surplus brcadstuffs and to pay us in
gold. The same necessities now exist. aud
will continue ut least for the ensuing year
The result will be that she will be drained
OF her specie to an extent that will disturb
all her financial affairs her securities will
go uo"n rapiu'y, her COTTON looms VIII he
s'oppeu ior the want OF raw material from the
ihsurgeht STATES, the expected supply from
o'her countries not peing available tor some
} time to come all her nanufactures will &C.
Verciy suner because ot the diminished de-
hana I'D this country ana hcr commerce
VIII he almost ann,hilated. Millions OF the
!, population WAL be thrownonto o. employment
anu extreme poverty, saHerihg and dlscon'
: tent VIII become the iniiaminablc elements
OF fevoution, wnlcn will oniy require the
match Or tne poiltlcal lnccndiary to set them
In blaze,
. these observations apply to France al wei!
8 as England and we would not DO surprised
II, IN the course OF next spring, financial
: commercial and manufacturing bankruptcy
: wou!d neconc general III both countries, and
social disoruors begin TO develope Their vir-
, ulence Certain 1t Is, IT the war should con
tlnue tlli the spring o. the following year,
l England, France and all Europe will be com
: pieteiy reVoutiohlIcd. ihey are sending
) expeditions to Mexico, and more troops and
sh'ps-oic war have been despatched to Can
ada' put these operations Will not help
: England and France, but on the contrary,
r by the expenditure OF money, will hasten
. the denonelnent oil their national bank
n
. tr0dden masses Tor democracy struggling 10
$ vindlcate itself against domestic rebellion and
the machnatI0ns of the missionaries and
b monarclnes OF Europe will shape itself int
i deeds. 49,.
. But, say British. statesmen and their or
0 gans, democracy Is already dead on til,
American contingent, and there is no re;ur
rcction tor 1t. They will soon find out that
!. thougl, democracy may have slept it Wa
e not and i, not dead. On the contrary, it ha
n awakened ike giant refreshed with ney
i wlne and WI become as terrible TO king
Q ana titled nobility as was Francs IN l792 NM
d the years which followed. Al that tim
" Inc republic, one and indivlslble;, holt
i its own ssaihst an tle armies OF Europe
h and came triumphant out OF the struggle
! The populatlon and resources of the North
n eIn States are greater than were those Of
9 france ana the dividing ocean Is to tli
o United States {, barrier against successful in
f vasion which the tlench republic, did no
II possess. pemocscy Is not, therefore. de.
a trocyed; The wish Is father to the thought
e with those European statesmen who ei,he
e openly or secretly ssympathlze with III
l. Southern rebellion. The American repuh
It lie hangs over them like thunder cloud,
o and excites alike their hatred and their fears
o American democracy, so lar from being de
!. strcyed by the lnsurrcctlon, needed som
,, occasion like this to bring out its strength
/. II IS the neediul preparation for its wa
with kings. :.
% While the monarch'es Of Europe, are be
1t inS ruined by the American rebellion, tn
o United States a VIII ENJOY undimlnished pros
y perity. Inc people wiil dispense with luz
n unes, and import l,ttleo nothing. The gol
- paia Us Dy England anu France ior,our wheat
;, ana corn, and Hour, will be the basis Of a
n internal trade between the twenty-thre
= Northern states ana their nearly twenty
three millions OF population; This, trad
wili ne stimuiater by the articles needed fc
the army ana navy; and thus the specie wi
d ee kept IN the country; money Will circuiat
NJ froely, ana there VIII he abundant emplO,