The New York herald., 1862-03-18

against us!
EUROPEAN WAR WITH AMERICA-THE FINAN-
tHAL DIFFICULTIES IN THE WAY.-In an article
which we published two or three days ago we
baid:-
There are embarked in American securities about
peven hundred and fifty millions Of dollars belonging 70
he French $500 0O0 and tho Spanards $50 0OO
All this would be sacrificed in the event Of their embark
ing in war against US, which they would be compelled
10 do TO aid in disturbing the Prince whom they
propose 10 place on the Mexican throne.
In reply to this the Tribune of yesterday has
he following observations
As 70 our owing the people OF Great Britain France
nd Spain than billion Of dollars ION which the
nnua interest would not be less than seventy milons
re 1t monstrous exaggeration. But whether
sst against the cool assumption that would swindle
Iur creditors because we had picked quarrel with
1em.
It will be perceived that we do not say that
ye owe Great Britain, France and Spain bill
ion of dollars, which is far more than the value
ell the real and personal property in the
ountry. We say that English, French and
lpanish citizens own securities in this country
the amount of eleven hundred and fifty mil
lons. Now billion, according to Webster's
dictionary and all the books of arithmetic in
lse, is million Of millions.
Neither did we propose to swindle foreign
.roditors in the event of having quarrel with
heir governments. But the countries that as
.iled US would, nevertheless, suffer the loss.
b what way? The moment they see war
bmmencing between the European Powers
nd the American republic they must feel
.tisfed that it would utterly ruin those already
,lf bankrupt nations; and, in order to save
emselves, they would Immediately emigrate
the country where their property is situated,
,come its adopted citizens and cast their lot
ith its fortunes, well knowing that its sun of
tosperity is but rising, while the nations Of
Irope have long since passed the zenith and
70 rapidly declining to the horizon, beneath
hich some of them will have set in darkness
a desolation long before we have attained our
Eridisn splendor. The capitalists Of Europe
b this, and whenever serious war
|curs between the Old World and the New
by will take the wings Of the morning and
ok in Thousands to our shores. Hitherto, for
) most part, European emigrants have mostly
lsisted of Irish and German peasants, who
70 nothing to offer the country but their
por, which is most valuable in developing it's
ouroes. But let France or England be
troyed by war with this country, as they
tainly would be, then we should find the
hitalists and the manufacturers Of those
ntries, especially those owning securities
Q, Fastening over the Atlantic, with their
leY bags and their machinery from the gen.
wreck, to settle among US and enter upon
pw and fruitful field for their enterprise
s would the governments Of England
lnce and Spain suffer by war with us, and
'efore, considerations Of interest will com
them to keep out Of q quarrel in which they
Id have everything to lose and nothing to
l. The conquest of the rebels will take but
" months more, and afterOthat we shall
I, veteran army and an iron-clad navy
,h could defy the world in arms.