The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-09-23
MON ~ ARK EFT.

SUNDAY, Sept. 22-ePN
During the rsst seek, the stock market has been
more excited than have noticed any time with
in the previous six mouths Prices have rapidly adj
vanced snd the transactions have been exceedingly
large Speculation hss already been carried to
siderable extent outsiders have sgein bscome fairly
imbutd with the spirit of the game, and may looe
for imitation fsr yond that already existing So
far the actual value If certain stocks which have
advanced during the past week several per cent is
cerned We have at present nothing to say. We couG
only repeat what we have so frequently stated, sud
make vain efforts TO stem the current which IL SO
strongly setting towards flood. Spectators do not
stop to Inquire whether any fancy stock is really WORTH
what II Is selling tor they only want TO know II tho
market value is keIy 20 increaee or not and govern
thsmselv's accordingly. All who involve themselves
In any of them feel confident they will got with
handsome profit before the action takes place and
they therefore operate earesy, and they believe,
understandiDey. All these things have occurred be-
fore, and will occur again. The result is easy to bo
feen; but 1t is undoubtedly great way of That there
ra basis for an upward movement in all kinds OF
stocks every no has closely watched the o.
events must admit. That important imitation wiz
be realized have net the slightest doubt aud that
the ultinat. result will be similar all movements OF
similar character, Is certain the rising Of tho
sun.
During the past three years public affairs through
out the world have been In excited unsettled state
For more than two years Europe convulsed with
revolutions Everything connected with nnauoia
and rnercisl affairs dersnged aud Frustrated;
confidence destroyed the mercantile aud mechanics,
classes bsnkrupted, and ruin staring every one In
the face Although such g state OF things abroad
advanced the credit Of Americas stocks aud induced
European capitalists 20 inveet In then largely It
more than Offset whatever benefits were derived from
insh Investments by destroying the best markets foe
our products AID restricting commercial operations
generally. No sooner had the revolutions In Europe
ceased, and things began to assume . better shape
than our srn political affairs became agAtea and tho
public mind highly excited For nearly twelve
months, we have apparently been the eve of a re-
volution Of more terrible chsrsster than those ola
European orig.n-cne which would have astonished
the universal world, aud extinguiahod forever tn.
light Of republication For nearly twelve months
wehave been In daily apprehension Of rupture which
would have spread all the horrors a civil war broad
cast through the land and have snnihiIated one OF
the most beautiful political fabrics ever constructed
By man. AL this Il past In one short week all dan
ger DISAPPEARED. When began to reason togs-
ther excitement subsidized, aud the second sober
thought opsned the syss Of all parties. Compromise
became the order ~ the day, and all the difcult.e
we're smicaby adjusted and the various questions at
Issue we're arranged In spirit Of CONSULTATION There
never has been period In the political history Of THE
souhtfts WIN th'te questions winch nave sc
often threatened dissolation-which have been from,
time totime patched up sndtsmporarily put TO rest.
have been 30 sstisfaetorily arranged during tho
present. session ct Congress. They hara bee, p.rma-
nsntly si'posea Of They cannot. BY Aoy possibility
cone up sgsin In any shape and from this time
forth no apprehension need w. entertained relative to
the eentinusncs % glorious confederaey 90 far as
the slavery question Il concerned II IL this ques-
tion, more than any other which has ever agita,sa
nh min Al. 49, a..
Europe from investing their capital in our Sc.
euri'es, or employing &c In the different departments
OF Industry within limits 10 Il this question that
has attracted the attention Of European politicians
and been designated he rock upoa witch our form
Of government would split Bot for the feeling ex-
isting between different sections Of the Union which
an ipcesssnt agitation Of this subject created. it
would not have required ~ rolution Ia Europe
which threatened to prostrate every monarch, and
sweep away every vestige Of monarehical form. %
government 90 bsve turned the attention. Of capital.
ists TO sscaTtes and compelled those harinx mo-
neg TO place u here for saf. keeping Such confidence
would have been the -csalt of unprecedented pro-
gress and prosperity Our Investments would not
have been considered dernisr resort and although
not fuy entitled 10 confidence stil better ani safer
thar ihese q Europe during the oNistcnc. Of poli
cal revolutions
We must however, be satisfied With the result with
out aualJ 1ing the causes whsh have pr,dsssdiL We
cannot expect those who not intimately acouaiuts
Nth Gus political institutiors who really DO not I'M
defstand ous ioim % government 30 comprebend its
strength aus eutrrti'n that confidence in ts sabni
~ that ~ see among our own people but The lime
no. FAR distant When those Who have heretofore dis.
trusted every hing eusnNins from thi. IA. of tho
Atlantic WI b. among s1r most powerful supporters
The tuih Of this assertion s aol-hei nv ina. olA
maxim thst vlsrea man treasure l. thee ais heart
u a'o' sna " are dhly experiencing ts fun forso
ara c'fftetnes a. Europ'sn capital L. Transferred
to our shore pAeihsr &c nvrs,nsrt Ia our ssouri
ties or Tor employer ut Ia The various parsus Of iu
dnstry The & cling. aud Affections of rs passessor
come Wfh it and g viii not be long before bis body
lo"'"s. Ia ils way We must steadily draw aeross
The hthntia an uporaut aud vauafls class % emf
grants sud ultimately become the wsal.hisst nstior
IN the world
Asfton as intelligence reaches Europe chat al our
political difficulties have been satisfactorily aad per
msn,nuy ,etiiel that The slavery 4dstson. par.
tieulsrly, has teen permanently sipr-sd; thai