Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-12-22
Penee orWar ID Enrone.

Pence orW4r In EueopeS
From the London Morning Post Of Deo 9Th.
The prospects of peace. or war ID Europe
have lately varied With every wind. Une
day the breeaes sweeping down the Gulf
Of Finland and the Baltic bring sounds of
war and the pestilence of battle seems to.
threaten a descent as the cholera does,
from the Russian regions. Another day
new danger seems TO menace In every gust
from across the Atlantic. Yet o few suns
pass over, and the skies above the Mineio,
or Danube seem to be full of the driving
storm clouds about 70 burst, and when this
danger has passed away for the moment
the currents surcharged with peril are
swept across the German Ocean from the
cbasts of Denmark. We have thus been
kept in condition of ALMOST perpetual ex-
element of late, every moment expecting
that the tempest would burst, and again
frightened by new hopes as each success
i've thunder cloud dissolved harmlessly
away. So far as one can judge of the
present prospect, tAe chances of peace seem
% be in the ascendant. 0uly aweek back
it appeared almost impossible that sans
Culinary struggle conld be avoided between
Germany and Denmark, England has per-
haps unfortunately for herself, her moral
and political influence mixed up and COM
promised ia so many mems tquarrels that
II is not permitted to her 70 bear the tap
Of the most distant war drum without lie.
slant expectation that she will in some
fashion be drawn into the coming engages
ment. She is not permitted even the sell
fibh luxury Of congratulation that in the
chickering's of any part of the Continent, or
OF Asia, or of America, she has nothing
TO do. = & - -.
But even still we have good reason to
fear, when any two nations whatever
choose to quarrel, that a. malignant fate
win somehow drag us into the strife
Therefore, the interest is far from unseltish
with which.we watch the progress even of
the Schleswig- Holstein quarrel. The ma
jority of Engltshmen probably mot know
SrhleSwig from Holstetu, hREeI pottthe
faintest notion about the relations of one
or the otherto the German Gontederation.
But every oneNwho had heard that I'VE
had signed g, treaty in which spmeSpRrt OF
the Danish question was supposed 10 be
settled, took very quickly the Q lArm when
he received the additional information that
swords were already being drawn in the
quarrel which our treaty failed to com
pose. II is true that when the document
was drawnup England expressly declined
to guarantee the rights which she rec0g.
mixed, and,obtainedi thatno mention of any
such pledge should be introduced. Still,
a{ware anywhere In Europe is. like a FIRE in
aipopulous street.
We cannot venture to say what may not
be effected by the pressure of the excited
German populations; aud where thereis any
movement of armed bodies it would be
rash to feel sure that there will be no colli-
aston of arms. But the danger is much
diminished. Austria and Prussia now
merely insist that Denmark shall fulfill AT
once the Federal and internationalengag
meetswhich they allege thatshe has tsken.
If Denmark }evinces a conciliatory DISPOSE
ton she will deprive these Powersfo of all
pretence for hostile measures, and ,tnetaoti
will to some extentobtain;th the Protection of
their broad shield againstrandom Teutonic
assailants. While, ttherefore, not yielding
any right which Is essential to- her safety
or her dignity, ,DenmarkHunderi her new,
viii certainly dowell to move as
far forward as she honorably can In theiI
direction of Cancellation and compromised
AS the situation now shapes itself; the
next move lies with her. She will undonbt-
eddy be greatly influenced by England aud
France, and we know already that Earl
Russell's advice on the constitutional ques-
ton pointed TO concessions which bade fair
TO satisfy the demands ottthe great German
Powers. Aefew days. ago the question of
issue was vital to Denmark-arq uestiontot
her national existence. 1t is: now merely
one of her nternalfarrangements. Ifsboth
sides sincerely desire peace there seems
no reason why war shonld now be dreaded
Nor is there from any other, quarter an i'm
mediate chance Of disturbance to Europe
NJ. Fould's budget pointed out one strong
reason not affecting France alone which
should act, TO! some extent az least as
guarantee for peace. No European gu. nation
has any money to spend most countries.
on'the contrary, are only bnsily employed
in casting about TO see how they may meet
their engagements. This fact, at least,
assures as that some time will be devoted
to reflection. ,,.,,..sl, 1
COTTON AND BULLION. i.
From the London Economist Of Dec 9Th.
Theipresent drain being 70 pay for cot
ton does not press so severely on the i'm
dustrial classes as drain. TO pay for food.
There Is still an immense demand for the
products of our industry and there is not
SO much injury TO business, so greata like
la1 n. ~