The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-11-22


is that we are as able and determined az was the
republic of France to crush the insurrection, to
maintain the unity and indivisibility of the re-
public at all hazards, and to defend ourselves
at the same time against foreign aggression, If 1t
should cost oceans of blood and of treasure. II
she will not listen to words, then let US try
what virtue there is in cannon balls.
John Bull in Wall Street.-The Fancy
Pigeons Frightened and Fluttoring.
Captain Wilkes (may he live thousand
years. has, in his seizure of those arch traitors,
Mason and Slidell, on board a British steamer,
created an awful futtering among the fancy
pigeons and lame ducks Of Wall street. Its bulls,
too, alarmed by the apparition of John Bull,
have got up Bull run panic among themselves
on asmall scale, and the dabbers in fancy stocks,
including those fancy stockjobbing newspapers,
the World, the Tribune and the Times, are
frightened out of their wits at the plain talk OF
the HERALD, and are down upon their marrow
bones before the British lion. They will have
it that we are doing our utmost to bring Eng
land to the rescue Of JEFF. Davis, or that we are
wickedly getting up another HERALD sensation,
reckless of consequences. All this is very alb
surd; for we can assure our fancy stockjobbing
contemporaries that while England can be
brought to reason and justice only through an
intrepid and fearless policy, the readiest way to
a rupture with her is by showing the white
feather
The World, the Tribune and Times which
may be considered as representing among the
fancy stocks of Wall street the world, the flesh
and the devil, may have their fears of
their fancy stocks; they may have their
misgivings as to the discretion of our
Secretary of State they may think that
he is too much disposed to take the bull
by the horns; but let them do what they may
to soften him down, in order to save their stocks
we are confident from the mastery policy
which Mr.. Seward has thus far pursued towards
England, that he will not betray the just ex-
pectations of the country upon this case of
Mason and Slidell. We are assured upon this
point; but still we may be rendering Mr.. Seward
good service in warning him that our sucking
doves of the World Tribune and Times are birds
the fancy pigeons and lame ducks of Wall street.
Within the last few days there has been
shocking "let down" among the fancies. The
Pacific Mail Company's stock has fallen some
nine per cent, the Panama Railroad five, Rock
Island, Illinois Central and Michigan Central
from three to four, manifestly from the inter-
national problem involved in this taking of
Mason and Slidell from British ship. The
dabblers in these and other fancy stocks had
been buying them up in the hope of grand
rise very soon from some overwhelming victory
of our Union army Captain Wilkes, however,
has knocked this beautiful idea in the head; for
is not Lord Lyons grumbling and growing at
Washington, and have not the provincial jour
nails of Canada already declared war against
us? Still, we think it good thing that our Wall
street gamblers in the blood and bones of our
brave soldiers have received a timely rebuke.
!. ia only our fancy stocks and pigeons that
have suffered. Our city banks, with the govern
ment loans which they have taken, amounting
to over hundred millions, are realizing in the
interest thereof an average dividend of seven
per cent. Of course, thus sustained by the
federal treasury, they stand firm, and in their
turn they give corresponding degree of
strength to the government. The Wall street
Board of Brokers, too, have done well. The
resolution which they adopted in the outbreak
of this rebellion, discountcnancing any dabbing
upon short time sales in government stocks, has
operated to keep the loans and notes of tie
Treasury steady and strong in the public con-
fdence.
While our banks and the government thus
continue undisturbed by the futtering among
the fancy jobbcrs and llitehyers of Wall street,
we can laugh at the fears of our stockjob-
bing journals in reference to Mason and
Slidell These fancy stocks must take their
chances The government cannot be dis
graced to save them from depreciation. The
administration is charged with the maintenance,
not only of the unity, but of the dignity and
honor of the country, and this duty will be
faithfully performed in the case of Slidell and
Mason. Our abolition stockjobbng organs,
which have for many years served as the tools
of England in that agitation of the slavery
question which has illuminated in this civil war,
may now find it convenient in another form, to
play into her hands; but this will not do. Our
government thus far has never been frightened
by the buster or bullying of England; nor
have we any fear that it will be now.
Meantime, we recommend our fancy stock
gamblers and their newspaper organs to take
down the white feather, at least until they hear
the roar of the British lion. 1t is shame that
the bray of donkey or two should be sufficient
to brighten the fancy bulls of Wall street
Tho Mayoralty Election.
Now that the nominations, for the Office of
Mayor of the different political organizations