The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-01-27
The Triba"s and the bssSs ." New York
A tom iinseot 10 tho MInnssO'is".

1he pNluon OF new IOfk as u' So"'
rnuciL metropolis Of tho Union, and as he
arbiter OF the commercial economy Of the
country, clothes its journals, with an author.
| ny in nsncisl matters, which, to the cred.
uous reverence Of their country subscribers,
seems little less than absolute. They are
accustomed to regard the monetary depart.
mon, Of these journals as, in some mysterious
way, exempt from the Irailties which involve
the rest Of the sheets as the sublimated
effect Of the Sunday conscience OF Wall
street az the official registers Of the cdicts
OF an august and passioDless Ithadaman-
thus purged Of oil selGshness, il0exibly
just, and me'alliealy cold and hard-who
measures time with gold dust aud weighs
merit with the assayer's scales. 1t is only
when matters Of local consequence to the
rural districts come TO be passed upon by
these iDscrutabe Irovidences, that We find
VIC have 10 receive their financial dicta with
some grains Of allowance; that, in fact. Wall
street bowls with the contest Of factions as
yindictiye and ~ furious as the street rows
Of the Mon,agues and Capulets- that
the last quotation indicates simply the state
Of the battle at four O'Clock, between the
Bulls and the Bears The parties which
pass under these designations, in fact, govern
the monetary Affairs Of the United Slater.
The Bulls represent. the sellers or the
parties interested in the appreciation
Of particular class Of stocks aud
the bears--ihe buyers or those interest
ed in their depreciation These hostile lac
tons are not more nice or more scrupulons
ia the choice of means for the accomplish.
mcut Of their purposes, than VIC are accus-
toned TO witness in political feuds- and in
fact, these rivhlrics Of stock jobbcrs partnkc
OF all the retDorscefsness and ruthessBess
Of the avariee which prompts them. And
we find ou, too. ny our experience accumu-
lates. that the money articles OF the New
York journals, have really quite human
orign. tina, the men who write them nc.
qnire their intimacy with the transactions
Of the day, very often at large expense of
disinter tste,lncss- and that under an aff,c-
taiion Of impartiali,y, they are very ire
quently the paid, or Mt least the interested
instruments Of tho bovine or ursine factions
which ARE lighting for the credit or dscred.
Of the stocks that they consider il neces.
sary to stamp with the seal OF their appro-
baton or disapproba,ion,
The experience of Minnesota 10 the New
York market has qualified us to judge
Of the principles upon which the monetary
departments oil the various New York
journals are conducted, and Of the degree
Of confidence 10 be awarded to the state
men,s OF each, affecting the value Of stocks
We find that, pending the negotiations of
The $3.50 600 State bends Of Minnesota, that
the New York journals in general spoke
hvoraby Of them. or said nothing about
them. But the New York Tribune did
what it could to prevent any competition for
them, until they were bought, principally by
CLARK, DopGE Il Co, since when tho Tribune
from some cause. has taken every occasion
to place them in the most favorable light
OF course the parties interested in the $3.50
600 loan. are not likely to look with favor
ON mn additional loan of $4,000 900, based
colla,enlly on the same securities Accord.
iugy We SIC that while the negotiations for
this latter loan to The Railroad Companies,
on the faith of the State. were on loot, all
the respectable journals Of New York, as
not being interested especially in the fate Of
the loan have either kept alooi from the
controversy entirely, or have given both
sides Of the question while the Tribune
with every indication Of personal. and
perhaps pecuuisry interest, in the matter,
has done lis utmost to discrcdjt the bonds.
AMI prevent their sale. To this eud i, has
scdulously givca currency in New York To
every representation impugniug the rcsour
ccs and good faith OF the State OF Miun,so
Ia, has faithfully echoed the liquidation
lies Of the 3imnesoitln, without the verbiagr
which encumhered the original invention and
revi,ing the old medical practice, has os,eu,a.
tiously reproduced the morbid excremep, Of
one Fosrss. as evidence Of n, diseased aud
feeble condition OF Minnesota. thas even
gone so far ~ 20 snd 10 Minnesota a
special correspondent, charged with the
honorable mission OF giving an appearance
u local authenticity TO anonymous ISLANDERS,
a man who, while writing TO the Tibuns
IN the assumed character " q citizea Of
Minnesota, publicly boosted that he was
rl,,h.l With rl,niDot,niiafy p,werx q, %; n,