New-York tribune., 1867-09-12
THE IMPENDING VAR.

Stocks droOp; money cannot be lOaned-that
is. TO such men and on such securities as rem
der morally certain its repayment at short
notice-except at very low rates Of interest;
specie accumulates in the great repositories OF
the Old World while business stagnates and
labor is threatened with q dull Winter-all
because able and well informed bankers and
capitalists very generally apprehend that next
Spring. at furthest will witness the outbreak
of a great European War.
This War is quite likely to open in the East
Greece is eager for the fray, but cannot safely
begin it till Russia is ready and Russia Will
hardly be ready to strike till another Winter
shall have passed That she Is TesOlutely,
steadfastly preparing for it, is plain enough.
Her sale of WalI1issia to our Government,
and of the great Railroad connecting her
two capitals to foreign banks, are among the
means whereby she seeks TO recruit her
finances. Her railway communications
outhward have been greatly extended and
improved since the Crimean War Her i'll
huence over tho Slayonic populations of Bo-
hemia Gallicia and Hungary, as well as over
ihe Greek and Bulgarian peoples of European
Turkey, has been Systematically increased.
Whenever the war shall break out, she knows
that Greece will be openly with her, and that
two-thirds of the inhabitants of European Tur-
KEY Gncluding Wallacbia, Moldavia, Seryia,
and Montenegro, will heartily desire her sue
cess.
If there be no intcrmeddling Russia will
drive the Turkish flag out of Europe III the
course iof two campaigns. But Austria and
II. 70 lonL vii
extension of Russian power southwark, and it
Is wisely supposed that the recent meeting of
their two EmperOrs at SalZburg had reference
TO this matter. Suppose, then, that Napoleon
and Francis Joseph should unite in saying TO
Alexander, "You must not cross the Danube
eve cannot allow you 10 seize Constantlnople "
what thcn7
Pmssia-to-dav the most formidable military
power of Europe-is understood 10 be III Sc
cret alliance with Russia, and ready 10 say,
whenever the occasion shall be presented, "lf
Russia is assailed from the West, her quarrel
is miner And. should France actually throw
her sword into the scale, it Is even hoped that
Italy will make common cause with Prussia
and Russia.
In that case the war will be practically one
between tHf diiltu WIN th' titii'
lie and the non Catholic powers; for Italy,
owing 10 the stubborn resistance OF the Papacy
to her unity and nationality, is Substantially
Protestant in her political sympathics. Spain
will be in sympathy with France and Austria,
though unable TO render them any real assist
ance. England leans To the Turkish side, but
will not engage in the war. Denmark may be
drawn into the French alliance, i'll the hope OF
recovering her lost German provinces. Sweden
will remain neutral. OF the SOuth-Geman
States, Bavaria may side with Austria; Baden
with Prussia. On the whole, the parties
will be pretty equally matched; but the
finances of Russia, though hardly in flour
ishing condition, are in far better CON
dtion than those of Turkey; while Prussia is
in this Gas in every other) respect an over
match for Austria. France, if she should enter
the lists, will have to open her purse TO her
needy and thriftless allies. How she proposes
to make the contest pay, is not apparent to the
disinterested but the recent ACKNOWLEDGEMENT of
Prussia and his own misadventure in Mexico
have made Napoleon exceedingly sore, and he
is evidently bent on restoration of his dam
| aged prestige at whatever risk OF cost. The
greater Napoleon fought himself back from the
Elbe TO the Seine, and so to Elba and st.
Helena, because he could not sit on dis
"honored throne" His successor may follow
his example rather than profit by its lesson.