New-York daily tribune., 1862-11-11
EHOM PHlLADRLPHIA.
The Public Pu;se--Ns Back Trnek-Bnnf
Prsnts-The CeuI Ran,ine-J nthes Bu-
chasan New-Jersey sesntor - Mort
ranr. F;rm-Demaad for L8bcr.

FROM O4E ONE toifeslCbsrft
i PHILADELPHIA, Nov. 7, 1862.
After en- election 80 general rs that Of les, week,
ana so fruitful OF important results in the future
is sure hear multitude OF opinions touching the
causes by which the change wes brought about.
This very difference of opinion proves that there
exist 10 single cause which ought to be accepted rs
the controlling one. In one circle hear it said that
the Opposition has swept this and the other State,
because OF public disgust at the snail-like
progress Of the Administrator in suppress
ing es rebeliion; a! tho impunity given 10
spies from the enemys camp, and TO traitors
detected in our own; ct the general evidence Of de-
termination 10 treat the Rebels tenderly, and at tie
Eallng, grudgiBg manner in which every step to-
ward Emancipation is taken. II is said that no vol
unary concession to Freedom has been madethst oil
that has 30 far been granted has been wrung from
the Government by iDceesant urgency, aud nothing
granted by spontaneous impulse. Those who think
thus declare The resat of the late elections to be the
popular rebuke Of the Administration for having
done too little. They think that is dishearened
friend deliberately absiained from voting, and that
others went far to vote sgainst 1t. Others sc-
cuss the Administration OF having done too much,
laying all 10 the Proclamation OF Emancipation,
while no pains were spared by the Opposition TO rs
their ignorant masses that II they were placed
n
would be repealed and tea and coffee would forth
with fall back 10 old prices. Thousands Of them
believed these lies ana DOW look ior 1hem " become
realities
Thus beats one portion Of the public pulse. On
the other hand, a number OF thinkers conhne them
selves 10 the consideration Of the single TACT that
we had not voters enough, solely because our voters
were abeent in tho army. IL the voting carefully
analyI Ied am satisfied in my own mind thai heroin
lies the sole cause of the Opposition gain. Our
I boV ha..r kent from ine u1lia hy
duty. Tie loysl majority has taken up arms, while
The disoyel minority has remained at hons 10 vote.
Accident alone has made II the majority. But
it wss Just in the war Of 1872. While thousands
of tie friends OF the Government were absent in
the army, the Opposition at home obtained victory
after victory at the polls. But whom the war bad
closed aud when the ranks Of each party were full
the Opposition was defeated and the Government
sustained. More than this, the party that opposed
the Government in that war never recovered from
the popular odium drawn upon 1t by the effort TO
embarrass the Administration While struggling 10
MAINTAIN the national honor. All It's political sue
cesses were merely temporary.
! The nation In going through similar expeTi-
ence. The opposition victories ut the polls, fifty
wears ago, had no influence the Government
except to stimulate Il To strike frcsh and harder
blows against the enemy, knowing that victory over
one would lie defeat Of The other. IL ded nothing
to popular chmor as uttered through The ballot box
Ii kept its own counsel and clung TO ite own policy
stnrdiy rejecting that which It's enemies sought ~
force upon 1t the polls 1t will be the same thing
now. The present Administration Will relax no
effort to suppress the Rebellion. 1t VIII hereafter
take counsel OF friends not Of enemies. IL well
afford 10 be unyiedingly persistent. 1t can obtsin
all the and money II may call for, the single
condition being that IL shall chow disposition to
push the vigorous y 10 conquest, not 10 compro
mise. Ii doubt this subject nas been entertained
II will now convince the people that they should
henceforth consider bygones az bygones. 1t will
take no back trsk. The Proclamation will not be
reecnGed in deierencs TO It's enemies IN the Free
States when il has been ipdorsed by better jndges
III tue Border States aud when tie army, having
conquered peace, returns home, the popular vote
will swing back with Irresistible momentum 10 The
point IL reached IN loOO.
Banking must be capital bufiness. All our
banks have just declared good dividends, none eso
than three Ier cent, sone I've, and one Of them
seven. Five years ago, II very different show was
expected now But II Is noticeable feature
in the history OF banking that Of all the mouied
interests these Institutions recover the soonest
from disaster Merchants and manufactures,
as class 80 down IN d commercial conyul-
sion, but the banks suspend and survive. lu 1857,
our banks were heavy losers. Dividends were
small, sometimes they were rnssed, and stocks
deprecated greatly. The general alarm Of tue day
no doubt exaggerated their loises beyond the true
figures. la tins depressed condition they remained
up TO the appearance of the rebellion and the Eppl-
cation Of the Government for money. They took
their share of the $50 900 900 loan not becarse they
wanted II, Dnt DeChuto Lbe OOVcflnleut ulu. tOIi-
gress soon made notes receivable for dntles. 1Ley
at once commanded premium, which has been
steadily increasing. Our banks have been selling ut
high profit and from this operation alone viii more
than make good their losses Of the last five years.
One Of them will realize profit OF $50, 900. Hence
they al prOspering. The condition Of business
il such that they make no lossss Dividends having
been resumed, they are Lgreat ever, and their
| stocks have reen 10 oldtime prices.
The coal famine continues To increase. In the lit
I Il. l.
TO be had at that. Eastern buyers at the mines
bidding higher prices for both coal and boats than
our own dealers, who are consequently left ia the
back ground. Families in town and country are
giving coal the eo-by for u season, and are burning
wood So many instances Of sudden rise in the
Fail months have occurred, that this last and great
est will 40 DOUBT induce hundreds of families to buy
early when prices low. The delay this year las
about doubled their outlay.
1t is true that Buchanan is engaged in writing
defense Of lis Administration. We may be sure
beforehand that II will lie tissue Of prevarcations
lodges, and lies. He has already had ioretaste OF
historical wrath in Scotts seathng exposure OF his
vlaiIy. This collision between these two old pub
lie servants reminds me of thai which followed the
publication OF the Cunningham correspondence, TO
which Timothy Pickering became patty in bis Bit
tor defensive revelations Of John Adams character
and Administration. ScOtts attack IL only tie be-
ginning. Buchanan cannot write para graph with
ont duplicating third parties, and these will he GER
tain 10 reply, making disclosures that will heap
Goals Of FIRE on the head Of the hoary old traitor
Great and camniDg facts will YET come out Of tLis
controversy.
valuable molasses crop hes been secured tbs
year in some Iarts Of Penney ylvaDia ana New-Jer-
sey. In Lancaster County mil has been crowded
with sorghum raised IN tie eigbbohood and another
s 10 be erected TO accommodate the Increasing de-
mapd The present mil will turn oat 1000 gallon.
the present year, being double the product OF hst
JeT. In some Of the lower counties Of New Jer-
i the.e las been larger production Of n9lsssss.