The national Republican., 1862-10-10
TRUE IssUss OF THE NEW YORK.
bhMCTlON.


have been brought into control Of party affairs |
in the State Of New York, by the nomination |
Of Gen Wadsworth, are evidently not as wise |
10 their generation as the dynasty depossd. Il
is always imprudeDt in a canvass to raise issuet
OF an extreme kind, where stch issues arc not
psteat on the face Of the opposing party e plat
fern. Even then, If the point be one not sbso
lutely essential to the justification Of their own
position, wise party leaders. in time Of national
trouble, will be inclined rather to understate
than overstate its force-opposition, as gen
ersl rule, increasing 10 direct ratio With the
ferocness of the attack made upon 1t, and the
cry Of ''perse ecution for opinions sake being
always one Of grsat power among the generous
and impulsive masses OF free people.
We hold it, therefore, both unnecessary and
unwisG for the managers on Gen. Wadsworth's
side TO raise direct Issue as between fidelity
10 the Union and sympathy with the Southern
rebellion, 10 their efforts TO elect their capdi-
date. This Is placing too much on the hazard
Of contest which is to be controlled In great
part by local aDd personal influences.
That all men Of secession sympathies are
eager to see, and will work bard to secure,
Horatio Seynour's elevation, 10 clear as the
noorday sun; but to charge that Seymour him.
sef is a secessionist, or tha, he stands on di.
rectly secession platform, aud that none Of the
thousands who will vote for him can be any
thing but traitors in heart-these arc slate
ments the reverse of true in fact, and which,
even II trrv, 1t would bs most inpolitic to en-
dow with prominence.
That &eymour's election would be REGARDED
with pleasure by the JEFF Davis Government,
as evidence that powerful resciionsry party
IL being formed out of the debris Of the deuor
allied Democracy, Is only too clear. But when
We charge that Seymour sspires to be the
leader Of Northern organization in full sym
patty with the rebellion, wei In the fret place,
increase to an extent that must bs ruinous II we
lose, the stake on doubtful issue; while at the
same time increasing the chances against our
selves, By driving over into the most vehement
support Of this candidate all the thorough.
going secession element not merely of the
North but of Europe.
1t is we'll known that the represent ativs of q
vast European banking house has avowed him.
self willing to spend money largely to sscure
Mr.. Seymour's election. This gentleman is
also known to be the main moneyed stay Of
the lerge daily journal advocating MIR. Sey-
mour's election, now being kept alive 10 New
York by the subscriptions Of prominent mem
bers of the Seymour Democratic party.
To the foregoing facts rumor aids-and the
intrinsic probabilities ecem to ccnfrm-thsi
the European bank RS, thus represented on the
Seymour eide, by their adroit political and
financial agent, have lent money largely to the
rebel Government, at discounts of from fifty to
seventy-fvs aad eighty.fve per cent, on the face
ofthe bonds and other securities given To them 10
return their calculation being that come such
reactiOnary party as that now having Seymour
for its banner man must, sooner or later, ub
tain c0n'To! Il oug Government, aud ihas I'M
mediatcly n compromise will be made VIII rcby
the Nor,h Is to consolidate its own debt with
that OF the Conlederacy, aud place all bond
aud bill holders, North and South OF pre-
cisely similar fooliue.
IL 10 for this reason that most European
bankers, and these bankers 10 particular, have
sbs,sined altogether, or very nearly altogether,
from making permanent investments in North
ern securities, while eagerly buying up,
through European coDsuls aud others, the de-
preciated bills and promises OF the Confeds ate
States. Their calculation IL, that the eventual
lucress IF thu ron lin uts in tho Nor,b ,o,nia
with the incomprehensibo liberation Of our
Government and the boundless generosity, not
to call it weakness, of our people, 10 eveutu-
ally to force d settlement which will have for
its first effect to place all national and rebel
securities of every sort on q precisely equal
footing-thus depreciating the paper of the
North, in which these money changers have
made no perman ut investments, to one half or
something less than half its present worth,
while eleva'ing rebel scrip Of all kinds, of
which tens Of millions are locked up in their
vaults, to twice, or more than twice the amounts
that were originally paid for it-these obliga-
tions ha7ing been rscklessly incurred by the
rebel Government, az their only means Of pay
ing for the arms and vessels Of war imported
from, and now being manufactured in. Eng
land.
orch beiog the 6aa1ci. conspiracy of Ea-
rope, which is now seeking to influence the
New York election as the first step towards
the iulGlment Of its Interior designs, II lie not
wise for the hearty supporters of the Union to
run more than halfway to meet The wishes of
these enemies OF their country by Insisting that
Seymour occupies a platform, the endorse.
ment Of which will be substantially a verdict
by the great commercial and political State of
New York In favor OF adopting the yiews Of
these foreign money changers, and helping for.
ward the schemes Of profit which they are
working out amidst the carnage OF our battle
fields.
Let us give to Mr.. ssymour's position no
more signihaancs than is inevitably attached d
thereto 80 that, II the money conspiracy should
prove successful, our own words may not be
quoted against MS to prove that direct seces.
sion Issue was mad 10 his case, aud that New
York, by her vote, pronounced In favor of JEFF