The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-06-26

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le@Iance generally to the population, and REQUIRE
the transient population to take out permits iron
the Police Office, where they should register thei
names and subscribe to an oath.
The New York Seventh.
1t IS understood that preliminary meeting O.
those of the rank and file fthe Seventh Regiment
VINO wish the regiment to go to the seat of war.
not to return until the close of the Campaign, vii
oe neIq TINS evening" at the armory of the regiment
~. Y. Post 24h.
AT meeting of the Seventh Regiment, held las
night, IL was decided that they did not want +,
again visit the seat Of war as volunteers-N Y
Tribune, 25h.
For the Daily Exchanged
THE EFFECT OF THE WAR ON NEW
YORK--RFGACTION OF PUBLIC SEyTI.
MENT, &c.
NEW YORK CITY, June 90 1851
MEsSRS. EDTroRS:-The chronicling of the effec
OF this war upon business here, already painfully
apparent, is studiously avoided by our leading
Journals; also, the statement of the fact that Their,
Is visible and audible great change il public sen
tment respecting the war, since the people hay,
reflected upon the subject. There is much laboret
effort made by eur editors to conceal the truth a
to very many things connected with this destruc
tive civil war. They endeavor to under-rate ant
underestimate the resources, power and valor o
the ''rebelS;" to overrate the enthusiasm resource
and power Of the North; to plaster over the blum
ders Of the Administration; to glorifv Gen. Boba
dill F Batter, and explain away his disastrous de
feat at Great Bethel; to prove that the Govern
ment has not Numbered and lost prestige in almost
every military movement since the began; tr
prove that this war will inevitably result in ''crusb
ing the rebellion" and restoring the Union. etc.
etc etc.
Now, without attempting to show the absurdity
oil their arguments, will take the liberty inform
vnn hat nm lv fh-nt. ~, ,,E
utterly PROSTATE business here, aud to DISGUST
thousands who, few weeks ago. were enthusiastic
cal!y in favor of subduiDg the "rebels" [ ex
pected such change OF feeling, but not so snon
L did not so soon expect to hear men grumblinp
against the war who, eight weeks ago, were clam
orous for mobbing and lynchng all who venturec
to QUESTION MIR. Lincoln's policy. But, neverrhe
less, il is true that manv of such are grumbIine
quite audibly, and looking very much Clown il
the mouth" The Daily Ncps speaks out agains
the war with impunty. So, aiSn does the Dn,
Book, and even the staid and sober Journal 4,
Commerce is now ranked among secession and trea
snnable journals by the Tribune, Times and Herald
These papers would not all speak so plainly against
the war if there were mt sabs aotial people
were opposed to it, They but reflect the senti
mentS OF large number Of our best citizens anC
the number of this sort of thinkers is rapdv in
crossing. "
Iew more blunders and disasters will nror4
latai TO the Government (?) in this quarter. A
iear'H' reaction is impending. gentleman told a
q.
his body would, in less than wear, be danoIino
over his own office door, and the editors face
seemed to verify the prediction in advance. The
people are evidently beginning to reason with them.
selves on this most serious subject and The mora
they reason the less they believe that the war will
result in vindicaiOn of the Government or a hapa
Mt to anybody, save few buzzards and vuItures
that are tattening upon the proceeds of swndino
contracts. Ii the first great battle result in the
defeat OF our troops, then goodbye to Mr. L;nrpln's
hopes OF support in the North. Peace will be d.
insnded, III tones of thunder, and the demand vii
have to be obeyed "
l am informed that the leading Democrats of the
ntate are getting their eyes OPEN liz reouired hnt
little more than nine days and that it is pronosed
to hold State Democratic Convention at an earl
day, to take this war business into serious cono;d
GRAFTON. Flve-sixths of the Northern men in the
HELD are Democrats; and there is significance in the
idea Of a Democratic Convention in the Emnire
State, to protest against the war and pray for
peace.
As to the effect of the war upon trade and busi-
ness here, already maniest-tt is siIo,Iy ter-;6ic
The crash of 81 was not ga circumstance" S1ch
an array of "fo Lett and ''FOr SaIe'' plgcards "
never before SEEM either in this or any ether CITY
the continent. There are, at least, fire hundred Of
these on Broadway alone, and many of them are on
hrsc!ass stores and 'rhoe blacks of st res while on
all our streets, in the business quarters of the civ
and in the dwelling part of it-even in the most
fashionable and palatial regions-these s'commer.
clal epitaphs" as the Nclcs terms them) stare Won
sale part OF the city is almost as quiet as country
church yard, and some modern GRAY might sit him
down there, upon deserted door-step and find
mental material for an 'Eiegy" more mournful than
even that touching composition with which the
world is so familiar. Desolation reigns where a
few months since, thousands of men were busy as
bees, and cheerful high hopes of prosperity could
make them.
a few weeks ago, whenever a regiment marched
along Broadway, the air was rent with deafening
cheers; noc, when a regiment passes, the crowd
look thOughtfully in silence if not in sadness
anG sorrow. great change has come over our
people, ana the end is not yet. Their faith in the
success OF this war; lately high and full is evil
IDENTIFY failing fast. They are beginning seriously
to doubt the wisdom of a policy which has rem
dered secession so much more extended and inpor-
tant than 1t would have been under a peace policy
and which Is loading cur people with an en0rmnns
debt, destroying their present business and even
the prospect of future prosperity and imperilling
the lives o! so many thousands of our people.
They are beginning to believe that there will he
a Southern Coufederacy in spite of the war, and a
inuca larger and more powerful Contederacy than
there would have been had the original seven
States been allowed to go in peace; and that the
bayonet is not exactly the thing to induce South
ern merchants to trade again with Northern cities
Here is exactly where the shoe pinches. Eight or
nine weeks ago, when the tremendous Union
Square war-meeting was held, the merchants here
who participated so largely in the proceedings of
that meeting, evidently believed that by arousino
the whole North against secession, tbev would put
1t down in thirty days, restore the Union and re-
establish commercial relations with the South +!
But they are changing their opinions on this point
with alarming rapidity. That immense meeting
was caefly the result Of a mercantile motive but
1t has proved, IN Commercial as well as politi-
cal point of view, most egregious bunder, and
our merchants fast becoming aware of this
painful fact. This city is permanently set back at
least 50 per cent, and the same may be said of all
our commercial and manufacturing cities in the
North. This war is boh fratrcidal and suicidal
so far as the North is concerned.
New YORKER.