The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-10-22


instance that Tribune man came to our office
and begged us to cease exposing the 1ribme's
faults. Now, we assert that partner and
stakeholder in the Tribune newspaper came to
our office, during the Bull run excitement, and
begged US TO cease Sur attacks on the Tribune
J a. p, ne feared that Office might be mobbed. lie
also told ne that Greeley was i'll of brain 'ever
that the excitement about the Bull run affair
was killing Greeley, and begged us to appcase
| that excitement. IF the Tribune wants the
| 9 name. we will give it. That will do for
to-day h>' s'''"le. .-----
Our COMMERCIAL .--s r. xIx -
ENeIANp-WAR wrra a,r'ikR lAfosslhi.Esss,,- MN'!!'
Of the cowardiy jounalsNo of this ety. ana more
of the cowardIy brokers OF wall street, are
every two or three days seh ing up a panic on
the ground that the vigos sDA energy OF our
government in preventing the exp OFT OF co'toh
will result in war with England o. f'"hce' or
both But never was greater faIlsey. e' 'o.'n
to deude the public. lis only parallel > '"a'
by which the secession dcmagogues of the so, ''h
cheated their dupes by holding out to them IN
would be their sword and shield to protect
item from the natural and inevitable cunse-
quences of their revolt.
For the last lalf century such has been the
intimate commercial intercourse between Eur
rope and America, 20 greatly has it increased
in recent years, and so important has it become
TO the interests Of the leading nations of Europe
that ita cont fnr ont IN bn r,in1c
OF their statesmen all theories of government
and political ideas about this continent. The
suspension OF such intercourse would produce |
financial CONFUSION from the pillars Of Hercules |
to the Arctic Ocean, and from the British |
Islands to the Black Sea.
Look at the condition Of France and England !
as already resulting from our civil war. which |
has reduced British imports by one hundred |
millions and almost ruined the trade Of France,
which has thrown multitudes in both countries
out of employment, and produced in France
bread riots and other disturbances which will !
be soon initiated, perhaps, in England. In both
countries the government sits on q volcano,
which may at any moment explode.
Now what has cotton to do with thise Moth
ing whatever. In England and France cotton
is still abundant But the secret is that since
the war began we have not needed the luxures
we formerly imported from them. Their looms
and mills are consequently idle, and the me-
chanics and artisans are in a starving condi-
dtion. Ii such be the consequences to England
and France Of reduction of the amount of |
trade they did with this country. what would
be the effect if there was a total cessation, as
there would be in the event of war between
them and the United States?
Again: those nations require our breadstuifs
for their destitute population. If they went to
war with MS now they would be starved. If |
they continue to purchase with gold till they |
have enough, the basis Of the banks at either |
side Of the Straits of Dover will be taken |
away, and such monetary and financial !
disturbance must take place as will not only |
chectually prevent France and England going
to war with any nation, but will probably in
volve themselves in social and political troubles
Of the gravest character.
How, then, could the possession of cotton
prevent these calanities, or the want OF it
cause them? The real cause Of the present dis
tress is the partial loss OF our trade to France
and England. How would that distress be ag-
gravated if the loss were complete, as it would
be in the event Of war with the United States.
while at the same time their expenditures would
be increased beyond their power to sustain
them. A war. therefore, with either France or
England. is impossible. A veto is put upon it
by their financial condition and their com
mercial relations with the United States