Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1866-03-31

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essl deci.rss thae - long day Of
peace" seems before the world Bot
the most remarkable indicatiou Of
the worlds interest in our national
Affairs is found, perhaps, in Germany,
whence eighty thousand Germans
have reached our shores during the
past year. A very large proportion
OF these persons of moro or less prop
ertv. MANY of whom have bought
land, and others stocks, before they
came. At the present time it is said
our 5.20's are two per cent. higher
in Germany than in New York, and
the immense Investments in our pub
lie securities and in private ventures,
bringing capital to this country in
every form, and shape, are 80 great
that the English public funds are
lower than they have been for the
last seventeen years, and there seems
no likelihood Of things being other
wise for year to come. The Bank
Of England has raised its rate Of
discount to eight per cent. to try
and check this outward flow; but
the investment in our. public and
private securities is disturbing the
currency of tie whole world, SO that
while money seeking investment
here at six per cent, and on call at
five, it is there only to be borrowed
from the Bank of England at eight.
One great cause Of all this is the
prompt and strong purpose declared
by our Government to reduce the
national debt. And here it is that
we begin to see the effects of our
policy upon the world; forthe Times,
seeing how the Consols are falling,
declares that the measures must be
taken for reducing their national
debt; and has an article showing
that at their present rates II would
require upwards of four hundred
wears to extinguish it, while we have
commenced wiping off ours at a rate
that will extinguish it in less than
forty. In like manner, both Eng
land and France have each been
talking tor the last ten years of q
general reduction Of armies; but it
wa was not until they saw our bold and
wholesale reduction Of the army, and
the rapid re.absorption Of thesoldiers
into al the industrial pursuits, that
plans have been brought to their
actual accomplishment. reducing the
army of England, we believe Of
France also, quite considerably.
There is one matter, however,
about which, singulariy enough, our
example has failed to influence them
20 far. and produced q contrast Of a
most startling character. The same
conv of the London Times referred
to the circumstance Z mistake BY
the vay) that 10 this eosntry bat one
-. besides he asaassias Of Presi-
6e.t Lincoln ha1 besa executed
80 the rss1orueioa Of psace for
esiDss aesisse The Government In
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