Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-01-21

Chicago Stats Neitung: At the
present L1oment the possibilities of
peace and war are nearly balanced. Two
weeks ago people were talking over the
certainty of wal. Since then it has been
reduced to the possibility and III the last
few days to o bare possibility. From
this, OF course, 10 not excluded the as
sumption that in the next lew weeks the
war clouds may become as dark, the out.
break OF the storm as imminent as ever.
No one, in fact, knows anything about
it with certainty, and the wlsest course
is to hold our tongues and leave prophe-
cies to the would be politicians. But
let us assume that IN q few months the
great wal shall come upon us, which
our Vienna correspondent so confidently
anticipates, the question arises what and
how nlneh will the United States be o
gamer or loser by it? In the FIRST place
the impression ia dominant that a ready
market will be acquired in Europe for
our breadstnffs and meat. But We
should not reckon too confidently on
this. Nearly everywhere in Europe in
terdiets and embargoes are laid upon
cur productions, which cannot be re-
moved as quickly as they are enacted.
But If the necessaries of life over there
lEhOuiU 4 bSCOIA6 r4 50 IAa u6HE GQAk
1t would pay, Notwithstanding the
high duties, to send ossr Dur cereals and
meat q considerable increase in our ex-
ports might take place. But this slight
gain would be more than eounteE-
industrial products, the price of which
over there would SO decline that i,
wonld be- worth while to bring them
l nvor hornG in nDSfA 1f nur htoh AorsHs
This growth IN our import trade would
be promoted by the heavy demands oil
the beiligerent powers for money.
Whoever ts engaged IL q war must OBJ.
tain money, whatever be the cost: that
is to say, however high the interest
The same Unitet rStstes whose credit
stands now, in relation to the German
empire, as lao to 100. cwhoge obligations
nov yield scarcely "a per cent, mus
sell for $40 10 gold tAeir bonds issued ia
1854 OF $l60 gold, bearing interest il
gold at SO. and consequently pay Is Del
cent interest. At that cost they wculG
obtain ell the money they require. II
like manner would Russia, Austria, anc
Italy have to procure money for wal
purposes. They wonld attract intt
their own Golfers the gold, O
which We have more in America than il
needed, for the requirements of com
merce; and it would thus happen tina
America would purchase more goods il
Enropo than could be paid for with til,
productions Of her soil, SO thst il wouIt
have to cover the surplus with read,
money in gold. In other words. Q grea
Europesn war, Like q suction-pump
would act upon our supply of gold, Q,
that the manifold relations between golt
and silver would be changed much Il
the prejudice OF the former. and til,
value Of our metaIile currency woult
consequently buffer. On the other hant
o war would have the counterbalancini
advantage, by no means 8 small one, o
checking the annual exUiue Of AmerYcaI
tourists. and thus reducing the with
drawal of money from America &
Europe to o moderate cipher. Thi
yearly displacement OF money b,
Tourists the lowest computation 'ralus
attwenty. the highest al more tina
atty millions oil dollars. Heretofor
the ready Ea0ney brought { this coun
try by immigrants has operated az
y compensation; bat would immigratio
itself be augmented or diminished by
war in Europe? The latter liz the NOR
probable superstition. All things take
Into considerations, the United State
have mo special interest In Europea
nations taking each other by Che ear
= It is true that an old adage ssys: "Whs
is QUE mans meat Is smother mans poia
or" bat this il NOT ~ ssus as it 10 old
q In the intimate relations OF coinmerc
= that to-day prevail among the cultivate
peoples of both hemispheres il could DC
1 he otherwise than that the troubles an