The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1876-06-03
European War American Produce.


War in Europe is believed to be immi-
ncnt. The leading nations it is said, are
about to rush to arms, the bone Of con-
tention being the long-threatening Turkish
question. A general European war would
advance in the United States the prices
Of grain and provisions Of every descrip-
ton, and give an impetus to trade such as
it has not felt for long Tina. The ques-
ton is daily discussed on change, in New
York, and letter from that city, dated
Monday last, to the Philadelphia Ledger,
presents the subject in very interesting
aspect. II says:
"The near prospect Of another European
war, growing out of the eastern question, is
the uppermost thought for the moment in
the public mind. How it will affect our
great material interests is discussed with
more or less earnestness at the Commercial
Exchange, but while all admit that the crisis
is imminent, scarcely two men can be found
TO agree as to what the practical consequences
tC&Aiif WI bC ohOul0 war ttHuits WIN iItiEltuu
as one Of the combatants.
tsAustria, Russia and Germany united, :"
said prominent foreign banker this morn.
ing, s'could bring into the field two million
Of armed men, the best soldiers in Europe,
aud with these they could sweep the armies
of Turkey into the Bosphorus if so they chose,
in less than sixty days. England doubtless
will maintain her naval supremacy in the
Dardanelles, and she may even occupy Con-
stantinople, but where are the troops she will
need to enable her to hold it against the
Triple Alliance? 1t is questions like this
that are troubling Lombard street, and that
is the reason why the Rothschilds are selling
out consols.n
This feeling as to the inability Of England
to cope with her formidable adversaries
should the worst come to the worst is a very
prevalent one. The sympathies as well as
the interests Of France would no doubt prompt
her to throw her sword into the scale against
Germany, but in her present PROSTATE condi
ton prudential policy would tempt her to
remain neutral until it could be more clearly
foreseen how events were going to turn out.
This is not a matter of distractions. II has
an eminently practical bearing upon our
leading interests. 1t means higher prices
for wheat, aud corn, and oats, and quick
demand for whatever American tonnage is in
the market. IL has o near relation to the
prices of gold and stocks, and in fact to al
most every large financial, commercial and
maritime interest. 1t is no wonder, there
tore, that people are scanning the cable de-
spatches with an anxiety that transcends for
the time being any that attaches to Presiden-
tial politics or anything Of the kind.
The revolution in Turkey which has
just deposed the Sultan, may postpone the
final catastrophe Of war, or it may hasten
It. All is uncertainty as yet. As an
evidence Of the excitement in Europe on
this subject, it is said there was almost a
panic on the London Stock Exchange
Saturday in foreign securities, some Of
whichreached the lowest point ever known.
The Rothschilds are reported TO have sold
81 100000 eonsols, which is taken as an
indication that the political situation is
likely @ grow worse.
All the Western powers are sending
their fleets to the Mediterranean. The
London Standard says one hundred tons
Of gunpowder and a million cartridges
have just been sent from Woolwieh to
Gibraltar, and all available workmen are
being put TO work in the dock yards.