The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1876-11-15
Effect Of q General European Wal
CD america.

That q general Euronean war would
affect this country very materially is
evident upon the slightest considtra
ton. Already we find excitement IL
IoHl markets, ard an advance Of the
price OF agricgltuFai products, to lie
followed almost as a mattel OF course
'y Increased rates ct transportation
from the West to the Easr. Oar direct
commerce with RUSSIA and Turkey is
net OF very great consequence is com
pared with onr whole export amt im-
port trade, end it may he said that our
exports To those countries are ct aItl
c!es. malnls petroleum, arms and am
intuition, The demand for which would
net; TO say The least, be reduced by q
state OF wax III or between these caun-
tries, There is another class of ex
ports for which We should End at once
q revived and enlarged requirement.
!" lille we have been gaining, of late
years, uron Russia aud Turkey i'll tie
matter OF supplying the British market
With wheat, this increase would he
greatly stimulated by hostilities in Eu-
rope which wonld prevent he export
oi wheat frnm the continent ~ Great
BitaIn. We have heretofore adveIted
to the natural ctuses which were Civ
ing us preference in The lngIish mar
lte's; aud. in point OF fact, our export
Of wheat and corn was likely, relative
~, to grow larger fron various and
con Inubg causes aside from war III
the East.
But such a war, general and pro
tracted, would make market for these
Articles to be Supplied 10y the United
States Of q yaluc Of not less and possi
oily considerably more than twenty
millions OF dollars per year To this
may be addea the larger demand tor
pork, bacon and other articles which
are now exported to great amount.
III one word, actual war in the East
would imn, d ately add to the value OF
eur present products immensely in the
aggregate, an,i would insure for, at any
rate, another year a like demand and
price. AS the prosperity OF the farmer
lies at the foundation Of all prosperity
in a country like ours, it is plain that
IN the event now SO generally conceded
to De imminent, of great war, this
country would be materially and
speedily benefited. The ultimate adj
vantage or disadvantage will be over
looked, popularity, If the first aud i'm
portaut consequence is that OF greater
activity and larger profits in all our in
tlustrlal pursuits
There are other considerations. War
is always threatening, and usually more
ar less disastrous to the capitalist.
Where to invest securely is the great
problem in such contingency. Ifthore
is now to be war in Europe at all, it is
confessedly to be one of great magni-
tnde Vhe accumulated capital of
Great Britain and Germany is enor-
mons. The foreign investments of the
British people, of late years, with tie
exception of those in American securi.
ties, have been Improbable as whole,
and the incomes Of a considerable pro-
portion Of those living upon their mon
ey have been intentionally reduced.
The question then, of investment is
bUS hhICit AUhi'i SFSl uloiS IMAM VI
dinariiy press upon the Judgment OF
the investor. The bonds of the United
States, and of-eertain Of the States and
large corporations, now stand high in
the British and German money mar
Ect. The financial news of the las;
lew days shows that they have been
less affected by the war panic, in Lon.
don, than even British Consnls
, while our new 45 per cent. United
States funded loan remained steady &,
par. One effect would be certain. NJ
{ American bonds would be returned
while there would be without doub
land assnrealy, il there were no fewer
in consequence Of the election OF {
: Democratic administrator, and conse
Quent liability to increased taxes to pay
Southern claims. and an issue of NOR,
paper money! q flow Of gold, or goods
5 hit!ierward in exchange for or obi
! cations. Among other present bene
fits, this state Of things would rende
; the speedy resumption of specie pay
Ments not only easy but the hishes
i policy in view of the wants, and as
: means of increasing the confidence o
e foreign nations in oar financial future
: 1t is not too much to say, that if i
were positively certain that we shoult
resume III 1879, our a per cent. loal
would be taken in London in week
i Providence (R. ~ Journal.