The New York herald., 1861-10-17


but steady, with sales of 200 hhds. Cuba, $50 hhds
mclado and SO boxes at rates given in another column
Coffee was Arm, with sales Of 100 bags Rio at loo
l6Ac. Freights to English ports were steady, while
rates were unchanged Shipments continued active to
Hayre at 25c for wheat and at 95c. for -four.
The Props of European Monarchy Shaken
by the American Insurrcctfon.
BY the news from Europe by the North
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 breadstuffs abroad; that it had in
creased its rate of discount, creating thereby a
great outcry in the commercial world, and that
the price Of bread had advanced in Paris pro-
ducing bad impression, and adding to the
dependency of The Paris Bourse These none
tary and social arrangements in France, and
the stagnation in England, which is the forerun-
ner of similar phenomena in that country, are
explained in the London Times by "the Ameri-
can crisis which has paralyzed everything"
Now these Developments are but "the be-
ginning of sorrows"-the premonitory symp-
toms of a great financial and commercial rovul-
sion, which, if the war continues for eighteen
months longer, will sweep over all Europe, and
result in a terrible revolution, overturning old
thrones which seem already tottering to their
fall.
The war has scarcely yet begun. 1t is only
six months since the President issued his pro-
camation for volunteers What is the elect
already upon England? In the last nine
months, from the operation of the insurrection
and from the previous apprehension of it, we
have imported so little from Great Britain that
her trade with us has fallen off one hundred
millions of dollars, while her necessities have
forced her to take our surplus breadstufts and
to pay us in gold. The same necessities now
exist, and will continue at 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 down rapidly, her cotton looms will be
stopped from the want Of the raw material
from the insurgent States, the expected supply
from other countries not being available for
some time to come; all her manufactures will
severely suffer because of the diminished de-
mand in this country, and her commerce will
be almost annihiated. Millions of the popu-
lation will be thrown out of employment, and
extreme poverty, suffering and discomfort will
become the infammable elements of revolution,
which will only require the match of
the political incendiary to set them in
blaze.
These observations apply to France as well
as England, and we would not be surprised if,
in the course Of next spring, financial, CONNER
cial and manufacturing bankruptcy would be-
come general in both countries, and social dis
orders begin to develope their vrulence. Ger
tain it is, if the war should continue till the
spring Of the following year, England, France
and all Europe will be completely revolution
lied. They are sending expeditions to Mexico,
and more troops and ships-ot-war have been
despatched to Canada. But these operations will
not help England and France, but, on the con-
trary, by the expenditure Of money, will hasten
the denouement of their national bankruptcy,
while the sympathy of the downtrodden masses
for democracy struggling to vindcate itself
against domestic rebellion and the Vaccinations
of the aristocraces and monarchics of Europe
will shape itself into deeds
But, say British statesmen and their organs,
democracy is already dead on the American
continent, and there is no resurrection for it.
They will soon find out that though democracy
may have slept, it was not and is not dead. On
the contrary, it has awakened like giant re-
freshed with new wine, and will become as ter
rible to kings and titled nobility as was
AT that time "the republic, one and indivisiblc,"
held its own against all the armies Of Europe,
and came triumphant out Of the struggle. The
population and resources of the Northern States
are greater than were those Of France, and the
dividing ocean" is to the United States bar
French republic did not possess. Democracy is
not, therefore, destroyed. "The wish is father to
the thought with those European statesmen
who either openly or secretly sympathize with
the Southern rebellion. The American repub-
lie hangs over them like .'thunder cloud"
and excites alike their hatred and their fears
American democracy, so far from being de-
stroyed by the insurrection, needed some occa-
sion like this to bring out its strength. 1t is the
neediul preparation for its war with kings.
While the monarchies of Europe are being
ruined by the American rebellion, the United
States will enjoy undiminished prosperity. The
people will dispense with luxuries, and import
little or nothing. The gold paid US by England
and France for our wheat and corn, and -four
will be the basis Of an internal trade between
the twcnty-tbree Northern States and their
nearly twenty1shree millions of population
This trade will be stimulated by the articles
needed for the army and navy; and thus the
specie will be kept in the country, money will
circulate freely, and there Will be abundant
employment for all. Hence no i'll effect will be
felt from the expenditures for the army and
navy.
The war Of the American Revolution was the
struggle Of democracy against the divine right
of kings; the present war is the struggle of the
democracy against the divine right of rebellion,
aided by kings and their minions And when,