War In Europe And Trade In America

Europe still agitates üie great doubt whether the peace will be preserved by the protocol just signed; and the burden of opinión wrtainly is thnt it will not. It will be reniembered thnt even the specnlntion that the protocol would operate peacefully was based npon tlie theory that Turkey would be well inclincd toward its purposes. If Turkoy did not regard favorably the nssumptioü of the protocol that she would disarm; if she did not favor now the reforins she so fiercely opposed last January; if slie did not mnke peace with Montenegro - in any of tliese contingencies Russia would nót demobilize lier army; and, if she did not demobilize, the protocol wonld beeome mere waste paper. But uow comes the news of the view taken in ïurkey of the protocol. The Ottoman statesinen regard ite assumptions and pretenses as an inl'ringement U2ou the dignity of their Government. They intend to reply and protest; and this does not encourage the prospect of peace, which, indeed, was never brilliant. In fact, the probability of war deepens with the energy of me endeavors to make peace, because the elementa of the situation are irreconeilable. With the early suminer will be seen a drain toward Europe from this country of all the supplies needed by nations at war. Already the Turks have drawn heavily on cur shops for arms and ammunition, and the Eussian armies are in grcat part armed with guns of American manufacture. But the waste of war will give tlie tide of regular eupplies an enormous force. The demand ior breadstulïs, preserved meat, whisky, clotlüng, as wcll as the regular supply of ammunition, will lili the pockets of our farmers with moneyaud set our milis and workshops in inotion. - New York Herald.