Show loans to the fighting powers europe is on the brink of bankrupt bankruptcy cy from the telegraphic news from europe hv bv way of quebec published in herald it aspri rt r t that louis Nan napoleon oleon alis aks for a loan 1 I 1 franc francq to carr carry y othe campaign in I 1 taly in which he ii Is to take the command in person the loan lately put in the market by russia now nou the ally of napolpon napoleon is besides these there are hure in the market a loan for austria of which hitherto she has baa been unable to sell but has seized instead the metallic currency of the austrian banks a loan for S sardinia ar of 25 which she has bas succeeded in obtaining a loan for prussia of and a loan for england in behalf of india for the total amount of new loans in the be market is besides over 10 already due by these governments the effect of the coming war will be to make them all bankrupt the annual interest on the debt deb of england alone is the annual expense of her army and navy is her het whole annual expense is and the he annual expense of her army and navy is OW france is in a similar predy predicament cament they will not be able to pay the interest and a crash will take place that will shake all europe the ile effects on the contrary upon the united states will be to enable the government to pay off our national rational debt the demand for agricultural produce will greatly increase with the war and consequently a vast amount amo 11 nt of manufactured articles will be sent over here to pay for the food of the fish ting armies amies our revenue will be so increased from the duties on these goods that soon the national debt will be wiped out while the nations of europe will be involved in a bankruptcy from which th they eytan can never rec recover and thousands upon thousands of fund rund bolders will be ruined i already the funds funda in england have rapidly fallen and for forty y stock brokers have bave fallet failey failed this is but the ithe b beginning gli gil m of sorrows war is not a productive but a destructive art not only is a vast number of men meu taken away from the cultivation of the soil and all the arts of indi fryy buethe but the growing crops are laid waste agriculture is neglected the operations of trade and commerce are interfered with an immense property is destroyed by the armies who are maintained by toil of civilians nut sut thib this cannot always last poverty sandbank and bankruptcy inevitably ensue this is the legitimate consequence to which wars wara of aggrandizement diz ement lead those nations who permit their rulers to 0 o spend their money and shed their blood like water for the purpose of gratifying a emliy guilty ambition a base revenge and other 8 selfish dish fish passions of human nature new york herald |