The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-02-28

.SnE TRIBUNE AND lrs " HELL or Hoanoxsp--
In reply to our articles charging the Tribune
with nc;ting the North to revolutionary war
against the South, with view W the establish
ueat OF the freedom OF the negroes by means
OF servile insarrecsion, and the exteTmina-
ton of the white race, root aud branch the
writer says he merely drew aside the curtain
that reveals the hell of horrors that lies in the
path of civil and serviie war, and instead OF
desiring TO retract or qualify anything he has
said, he rejoices in it,"
1t is perfectly useless for the writer's of the
Tribune to tell us that they gloat over tss
scenes of carnage in their bloody programme,
OF which they have given US glimpse by lift
ing the curtain which separates us from the
future. They gloried in the atrocisus and
reasonable deeds Of the horsethef and cat
throat John Brown, elevatiug him 10 tho
place of d martyr for the blood he had
shed at Harper's Ferry, and for his
intention to shed it more copiously had
his success in his first attempt to incte the
slaves to revolt been only equal TO bis hopes.
All they regretted was that he failed. They
are now resisting every effort made by the
friends of peace to effect reconciliation be-
tween the two sections, in order that their
fendisb programme may be carried ont that
the South may be invaded on larger scale
than John Browns raid, and with the authO-
rity and power Of the federal government,
backed up by the arms and money of the
abolition States Of the North Thus they hope
to accomplish the destruction Of slavery and
"the eggs of the viper"
Not one Of the republican leaders denies
that the policy of the party is coercion and
war. Yet the Tribune writer's call upon us 70
assail Jefferson Davis for threatening to invade
the North. Now, he has never threatened to
invade the North, unless war should be waged
against the South; and in that event any re-
monstrances to him from journals at the North
would be idle. Neither Jefferson Davis nor
any other man at the South has any idea of in
vading the North, If the North will only let the
Southern States alone. The true course, there
fore, for those who desire to avert "the hell of
horrors that lies in the path of civil and servile
war; is to do all in their power to prevent
Northern invasion, under the pretext Of re-
capturing or reinforcing the forts, or of sen
forcing by the army and navy the laws Of the
Union" in States that have declared their in
dependence. But the radical republicans wiz
neither agree to concede to the Southern
States the rights guaranteed to them by the
constitution, nor yet permit them to separate
in peace, because the extinction Of slavery in
the Southern States with all the attendant
horrors, is the "foregone conclusion" at which
they have arrived. If their policy should IN
happily prevail, they will find out when it il
too late that they will utterly fail in their main
purpose, that war will desolate the North a.
well as the South, and that those who instigated
it will become its sure victims, by swift de-
struction for which they are not now prepared.
Political News AND THE SToox Market
Wall street just now reminds US very much Of
man who has been dangerously i'll, and is
being brought around by nourishing food and
careful attendance. His doctors say that any
excitement may throw him back, and that
therefore he must be kept az quiet as possible.
On the contrary, it sometimes happens that
little ray of hope acts as stimnlant and brings
him up. This is the Wall street practice
The political doctors shake their heads
and say there is no hopes and down
60 the stocks, some of them almost out Of sight,
The next day somebody thinks he sees CLEAN
of light, and the market rallies. Then comes
statement that Lincoln is in favor of concilia-
ton, and stocks take another jump up. Again
the bulls are horror stricken by the announce
ment that Greeley has breakfasted with Old
Abe, and the market becomes sickcr' than ever.
Lincoln says something pleasant to q South
erner, and the street feels better. So it goes
on day after day in the most curious and
amusing way. Who can tell what day may
bring forth, especially in Wall street? Out
siders will do well under such circumstances
to let stocks alone for the present.
GREELEY IN BACK SEAr.-According to our
latest advices from Washington, Honest
Abe Lincoln has turned the cold shoulder
upon Horace Greeley and his belligerent in
structions, and has manifested his conservative
tendencies by the addition of the conservative
Cameron to the conservative Seward in the
formation of the incoming Cabinet. 1t would
thus appear that Thurlow Weed has been work
ing up his statistics" on the subject Of coercion
versus Cancellation TO some purpose, and that
his chances for full run of the White House
down stairs are splendid. Poor Greeley may
perhaps, have TO stay out in the cold. Weed
and Seward, after all, have caught the white
coated philosopher in his own trap. But the
end of the battle is not yet, and Providence"
says Napoleon, 'is on the side of the heaviest
artillery"
REPUBLICAN FNANcrERING.--It is estimated
by the republicans that the new tariff will pro-
duce about FIVE millions additional revenue. OAe
important element has been omitted from this
calculation, and that IL the cost of the frontier