The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-07

rope-Its Effect upon the United States.
The aspect Of the political horizon in Europe
betokens an approaching storm. France is be-
coming too formidable for the other great
Powers, and there is every prospect of revival
of the old coalition against her and renewal
OF the desolating wars Of the first Napoleon.
England, Austria, Russia and Prussia are alike
distrustful of the policy of the political Mephis-
tophiles of the Tuileries, whose army of six
hundred thousand men, backed by powerful
navy, makes him master of aposition which may
well excite the jealousy if not the alarm Of his
neighbors Those tremendous ornaments which
only await his bidding to commence their
work of destruction, and which have been 30
long and so rapidly on tho increase, cannot be
regarded without apprehension The inference
is that they will not remain idle long, and pre-
texts for commencing quarred ON either side
are not likely to be wanting.
Mr.. Roebuck, M. p, in speech which we
recently published, said that there were things
in the conduct of the Emperor of the French
which created great doubt and sus-
picion in the minds Of the people of
England, and that he knew there had been
compact entered into with the King Of Italy
that France should have the island of Sardinia
as soon as she withdrew from Rome. This in
itself would, if persevered in, be sufficient
casus beui, for England would never permit the
ACKNOWLEDGEMENT Of France by any such annex
alton, although there is every reason for sup
posing that Victor Emanuel is quite as anxious
IN 10 c.,
DINA. Referring again to the speech of Mr..
Roebuck, he said:-" There is hanging over lis
a cloud, threatening war, and what have said
will be verified before many months elapse. In
such position, should we not look ahead for
what means of defence there are against the
Emperor of the French making the Mediterra-
mean French lake? Where are we to expect
him to stop?'
There is just now a growing disposition in
England to renew the old friendship and estab-
fish closer alliance with Austria; and the
latter Power, harassed to the verge of war
by her Hungarian subjects, and with Venctia
menaced by the Italians, would gladly hail
the opportunity of joining swords with England,
Russia and Prussia against her great enemy,
France. The diversion created by such con-
fict would tend to silence the complaints of
the Hungarians and give additional security to
the Quadrilateral. Russia, too, racked by the
troubles at Warsaw and grave dissensions near
er st. Petersburg, would willingly enter into
the alliance for the same reasons, as we'll as the
general desire to weaken France as Power or
at least confne her within her present limits,
and this the more especially as the recent dou-
bic dealing of the latter with respect to Poland
has inspired her with considerable disgust.
The temper of Prussia is visible in the fact of
the King not having gone to Chalons; and if we
required further instances of the feeling among
crowned heads in Europe, we might quote
the Queen Of Spain, who has likewise re-
fused to visit the Emperor and Empress.
These symptoms of an approaching European
war may well cause feeling of insecurity on
the other side of the Atlantic, and with the de-
velopement of events this want of confidence
will increase. European capitalists will feel
growing indisposition to invest in government
stocks, the permanent value of which it will be
impossible to calculate. War in Europe will
demonstrate to them that the government of the
United States is more permanent than any of
those in the Old World, and lead them to look
in this direction for those secure investments
which will be wanting at home Thus we shall
have great flow of foreign capital to this
country. And not only this, for manufacturers,
finding all impaired market and excessive taxa
ton abroad, will transfer the seat of their manu-
factories TO our midst, like Kirk Boot, who
came over to America and built one of the first
manufactures in Lowell. Thus will the New
World profit by the disasters of the Old We
are, of course. in thus speaking, forcshadowing
the results of cause which has yet no actual
existence, but the contingency of its occurrence
is so probable as to merit our earnest consider
alton and justify us in the calculation.