New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-01-19
ORR FINANCIAL POSITION ABROAD.

House adjourned.
ORR FINANCIAL POSITION ABROAD.
The effects of our great struggle are begin
ming to be felt in Europe at the moment we are
emerging from them here. The wave set in
motion is moving round tho world, uniform in
its course and resistlcSs in its power. We have
demonstrated that the nationality Of a Republic,
based solely upon the conviction Of its value, is
far more firmly grounded in the hearts of the
people than that based upon tradition, and for
titled by pride of ancestry and the recollection
Of great deeds; or by that uniformity of life and
character which ages alone can produce. For
eigners, for the first time, realize that we are
q Nation, with an ideal palpable to the mcanest
citizen-that chaos has no place in our system,
and that we have the will and the power to re-
duce to obedience every refractory elcnent;
and that the strongest Of all governments Is
that in which each citizen has an equal share,
and is an equal partaker in the advantages
which it secures.
The first sentiment developed toward us is
that Of respect. Close upon that follows conf
dence in our material and financial condition.
We have provoked a spirit of inquiry which cam
not be set at rest We no longer lack friends TO
Isympathize with US, but hosts arc coming for
ward to share our burdens and our prosperity.
Our securities are eagerly sought for invest
ment, particularly on the continent, at the same
time that a new impulse ia given to emigration
| TO our shores. The interest felt in Us in Ger
many cannot be better described than by giving
an extract from letter received from Frankfort
|on.the-Main, where large number of capital
lists was recently addressed by our citizen, Mr.
Lanor, whose remarks have been circulated by
our Consuls throughout Europe. II says:
"Gold or paper dollar Is the question which agitates
the German press and fnancicrs. The more they dis
cuss your financial prospects tue they invest in
your securltes On all Changes the transactions In
them are enormous. Since the receipt OF the Presi.
dents Message and the Report Of the Secretary Of the
Treasury the United States securitesrule tic market
almost TO the exclusion Of every other loan. The Wiz
tcmberg official paper has brought out a long article
warning against the excessive investment in your
bonds over 100 900 900 of guiders having been invested
in them to the dctriment Of other interests But TO
the disappointment Of the Government your bonds the
next day rose two Liberal press taking the
ground that the people could do nothing better than
invest in American securities as the safest loan offered
in an age These bonds the most powerful and nfu
entail emissaries YOU could have sent 10 the Old
Continent 20 convert the TO republican praci-
PIES They never before heard 50 much talk about
America; your means and resources your future aud
your pros poets are discussed everywhere and in such
favorable terms tina, emigration is the leading topic
among the sturdy masses; and the next year will bring
YOU for every e. 900 Of your bonds taken in Germany
at least one of her industrious sons
A similar feeling il rapidly developing itself
toward Us in England, as shown by the opera
tions Of the London Stock Exchange. Our
securities are constantly forcing their way there,
in spite of the efforts Of the Bank of England
and of the public press TO decry their value, and
to point out the danger TO that country from
large Investment in them.
Such result is not only most gratifying to
our National pride, but is the proper reward Of
our efforts and successes, and proper homage
to our National character. 1t is very largely
due TO philosophical gentlemen who have
visited Europe for the purpose Of placing before
the people there the ground and method Of our
strength and prosperity, and who supplied the
data by which foreigners themselves could
arrive at satisfactory conclusions IN reference
to them. Their success has been complete. The
sentiment everywhere felt toward Us is all We
could wish. 1t has increased enormously, not
only our political power and influence, but it
goes farto solve any financial emborrassments
that might threaten. The way being pre-
pared, should il be thought advisable, we
could have, any day, draft upon Europe hon
ored for almost any amount. The object OF the
bill now in the hands of the Committee of
Ways and Means is to place such power in the
hands Of the Secretary Of the Treasury, should
its exercise ever be deemed to be expedient. Its
not probable, however, that any such necessity
will occur. Our own people are abundsntly
able to absorb all our securities, while tho
amounts going abroad daily viii probably fally