Vicksburg weekly herald., 1870-07-23

By about $500 officers end men.
EuFspsan zee as Aessesaaz
American gemaaRea 9aA -
nanos-~NoEsheFm We've
Every resent EurOpaan war be-
materially Affected American CON
merce, nor can any considerable
event IN the way Of war, pesiIlence
or famine occur In Europe without
largely and directly influencing our
own affairs. The Irish famine Of
1851 reused commerce from its
lethargy, crowded the ports Of the
great lakes with shipping, built
cities In western swamps, bFidged
the Erie Canal with Q raft Of con-
tinuous boats laden with grain, and
added immensely to the treasures
Of our City and State, and Of their
great lines of transportation. The
Crimean war gave US q similar Inn.
pulse. By cutting of the supply Of
wheat from the Baltic, 1t rc-opened
the marts Of Chicago, Buffalo and
0swegO. The Prusso. Austrian
conflict which ended at Sadowa,
brief as It was, had q similar effect.
Indeed, experience teaches us that 0
new European war at this moment
would materially effect our home
interests, and that In several im-
p0rtant respects.
Both France and England have
suffered from drouth, and will be
purchasers in the grain market OF
the United States. Already the
peril of a short crop In France Is so
evident that the Government has
adopted decisive measures to cheap
en- the prices Of grain-measures
which have had the effect Of aug.
menting prices here. Taking intJ
account this scarcity, which was q
recognized fact before the new
prospect of war, and remember the
eject which both must have upon
power of all Western Europe, and
we have future before US which
calls for careful preparation. In
France, especially, the surplus crop
Is too small to feed the nation iu
the most prosperous years. Lessen
it by conscriptiOn, ravage its fields
by the waste of the march Of armies
whether friendly or hostile, and the
demand for American grain which
promised to be large, must become
immense. Its effects may be sum
med up In rich West, with q vas
purchasing power, awaking every
avenue of trade, and whitening thC
seas with Its eagerly.sOught pro
ducts.
There is, of course, an Offset to al
this. The brief Prusso. Austrian
war seriously injured, and almos
broke, the market in Germany fol
American securities, and considera
BILE amounts Of flve.twenties werI
reshipped to this country. GOlC
went up, and there was q renewet
spirit OF reckless speculation. Tn
same conditions exist now as then
save that we have q far higher na
tiOnal credit, and are assured be
yond doubt Of being able TO main
tain 1t. The power Of the Treasury
at Washington to Illustrate thI
plans of the gold gamblers at am
time is another consideration
which should be also borne In mind
We only mention these facts q
suggestive with regard to what ha
already aud may occur in Europe
The war may not last long. ShoulC
1t not we may 20 on as we are, get
ting out Of debt with unnecessar'
rapldity. Should 1t be continued
for some time we have great Op
pOrtunities, aud also dangers of |
certain kind. We therefore say Il
our business men, begin to look tC
what is cOming-provide agains
possible inconvenience, aud pre-,
pare to avail yourselves Of the great
opportunities which the Enrope9I
war will afford.