The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-26

Mr.. Wood their sufrages, and there is no CUES
lion but he will receive the support of the hes
part of Tammany Hall. If as is not impro
able, Mr. Wood should receive majority o
all the votes that are cast it would be an event
which, more than any other would signify tc
The North, to the South and to the world the
proud position of fair and national conserva
ism, against abolition and secession disunior
which New York city holds
Differences In the Board or Brokers'
Patriots and Stock jobbers.
The Stock Exchange in Wall street appears
10 have among its members some of very ques
ionable loyalty. few months ago a very
.ens.cie and patriotic resolution was adopted in
he Board Of Brokers, directed against any at
empt to sell government stocks on time, or to
axe them football for the bulls and bears to
ick at pleasure. This naturally confined ope-
atoms in the purchase and sale of government
ecurities to real, bona .fde transactions, to
lyestments on the part of loyal, intelligent
tizens, in what cannot fail to prove the most
,rtain and most profitable funds. We regret
, see that, within the last week or so, the strin-
sncy Of this wise rule is being gradually re.
xed, and that the operators on the bear side
the Board, who are for the most part sympa-
izers in or affiliated with the Southern rebel
on, ere being permitted to do their best to de-
eciate government securities, by selling them
time at figures below the regular cash price.
us cndeavoring to create want of confidence
the public mind. Firmly relying, as we do,
the good sense and loyalty Of the moneyed
On and small capitalists of the community, we
see without sympathy for them the losses
iich these unpatriotic stockholders are sure to
ing upon themselves; but, at the same time,
are not sure that it would not be well for
Board to manifest its sense of their disloyal
nduct by depriving them of the privileges Of
'mbership.
every man who will reason the matter for
nself will sec that, in the very nature of
ngs, the securities of the government are
. very safest and best that he can invest
surplus funds in. Railroad and other
ICY stocks are subject to a variety of con-
yencies which render them at all times very
pafe investments. The very transition from
r. to peace would affect them adversely, as
ding to change the whole course of the mar
s, and to derange the existing state of the
rency. But in any and all events the gov
ment securities are firm, and beyond the
ch of permanently adverse influence. The
perty of all the loyal States Of the Union is
dyed for the payment of the interest on
m. Even though the rebellion were to sue
d. unlikely thing as that is, no injury would
al these securities. The wealth of the loyal
les Of the North could safely carry debt ten
es what our national debt is likely to be at
close Of the war, and therefore separation
he Union would still see the government
ks at or beyond par. But let the national
s be victorious, as they can hardly fail to be
within six weeks of the extingushment of
rebellion and the restoration of peace there
spring up, at home and abroad, demand
government securities which will carry them
wenty or thirty per cent above par Dur
Mr.. Pierce's administration the government
per cents were bought in by Mr.. Guthrie, then
'etary OF the Treasury, at as high rates as
and the average price of them in tho mar
for the last eighteen years has been ll6
extingushment of the rebellion will place
government OF the country on more solid
substantial basis than it has ever been on
re. and will give to our republican institu-
a character for stability that must react
most beneficial effect on our national credit.
lille, therefore, it is but just that stockiob-
plotters against the government should be
shed by pecuniary losses, and by expulsion
4 the Board, citizens who have money to in
should show at once their good sense and
/ patriotism by purchasing government
rites. 1t might be matter of prudence
hem even to dispose Of railroad and other
,erous stocks and invest the proceeds in
way. Bank stocks are improved by their
lection with the popular loan. The idea Of
lr with England, out Of. which the bears or
Stock Exchange have been recently making
+, capital, is the merest moonshine. The
ure Of Mason and Slidell was nothing more
the American application of a cherished
sh principle, and, even IL England were
wise inclined to make that pretext for
ference in our domestic quarrel, the i'm
III ling famine in Ireland and the scarcity of
isions throughout the whole kingdom
d warn her that this is not the time or the
sion for the indulgence of any such
nation. We will have no foreign war.
rebellion will soon be thoroughly
led, the integrity of the republic will be re-
ted, and then we will enter upon career
Hosperity which will gladden. the hearts and
I'D the good sense and loyalty of those who
lis time give practical demonstration OF
confidence in the government.
E WAR POLICY OF THE REBELs-ON TO
HINGToN.-We were enabled some time
to give, from Southern paper, the foreign
,matic policy Of the rebel government
nouoc1 - tho;r oxpoctotiopa IF tho mission