The New York herald., 1863-11-30

N EW IOKk HEILAlID, M
Our Vtstortes An Wall Street-The Com-
| tng Crash An Stocks. kStt
Ii il oae of the strsngest OF paradoxes that
The news of Union victories should always
cause tho greatest terror, excitement and con-
fusion among the patriots of Wall street.
Their hearts may be on the right side, but their
pockets are certainly on the wrong side. The
war may distress them as Americans; but it
certainly enIiches them a. bulls and bears.
Doubtless they would be glad to see the Union
restored; but then what would become of their
fortuness On the one hand. it would be very
pleasant to have the national stock rise above
par; but then, on the other hand. railroad and
| mining and fancy stocks would fall below zero.
| Verify, the attempt to serve both the Union
| and Mammon is as difficult a. the attempt to
| serve both God and Mammon; and We are
afraid that in the former case, "a in the latter,
Mammon generally gets decidedly the best Of
the bargain.
The recent Napoleonic successes of General
Grant have disturbed Wall street terribly. The
evidences of this disturbance can be seen on
| the street itself and in the columns of those
journals like the Times, Tribune and World
which have hitched themselves on to certain
steckbrokers, in the hope that sooner or later,
they will be pulled clear Of their financial diff
6culties. One Of the most significant, O. we'll
as the most amusing, of these proofs of dis
quietuds was the attempt of spectators to
push gold up on Saturday in tho face OF the
news from Tennessee This was done upon the
same principle that gambler brags loudly
upon bad hand, or that timid boy whistles
as he passes churchyard, or that q candle
gives defiant flicker before ii goes out, or that
swan sings melodiously just before it dies or
that pirate nails the black flag to the mast
when be discovers that his ship is sinking under
repeated broadsides. In the same spirit the
stockholders of the Times published q Haring
article on Saturday assuring the public that,
although things looked very black and blue,
still the war could not possibly end in less than
two or three years, and consequently there
would be plenty Of time for people to stop
speculating before the final crash came upon
them. We warn the public, in and out of Wall
street, not to believe such specious prophecies.
Our advice is to sell out, to buy no stocks, to
prepare for a storm, to take in sail and make
all taut and trim.
The rebellion is now on its last legs, and not
very firm at that Grant has just dealt it
staggering blow, which he will follow up with
another and another and another. JEFF. Davis
has but one army in the field, and that Is now
pursued by Meade, who has larger
and better army with which to whip Lee and
capture Richmond. We hope that he will sue
coed; but oven if he does not the general re-
suit will not be much affected. The confede-
racy is in danger not 30 much from Aeade's
force in the front a. from Grants fire in the
rear Starvation, too, is helping the good
work, and Providence is on tho side of the
Union and the heaviest artillery. Under these
circumstances we expect that the war will be
practically ended by the LIST of January, and
after that il will not take many months to
gather up aud settle the odds and ends Of the
conflict Then will come the great financial
war. which must and will be fought out. The
preparatory throes Of this contest are
already felt. and cannot pass un-
| gold, aud seems to have temporary ascendan-
cy; but the result Of thepaper rebellion must
| be the same as that of the Southern rebellion.
Gold and the Union never lose their intrinsic
value, and come out OF every fire uninjured and
integral. Paper must 60 down, and paper
prices with it, Then those who have bought
! stocks or goods or bonds, or made contracts
at paper prices, will suffer disastrously, and, as
the panic-struck Times expresses it, "thous-
ands who thought themselves rich will find
themselves poor"
| Be not deluded, therefore, because a few
speculators coax gold up a little, and the
stockholders of the Times Tribune and World
argse that the end Of the war is yet very dis
tant. The gold spectators try TO raise the
price Of gold in order to sell out.
The managers Of the Times, Tribune
and World are anxious to get rid
Of their railroad stocks, and therefore
try to soothe the public mind and quiet the
financial agitation. We have neither gold nor
stocks to dispose Of, and can speak the truth,
even though we shame the stockholders We
have foretold every financial crash since 's7,
and the financial world knows that our predic-
tions never fail to come true Indeed 90 true
are they that we have often been accused of
causing that which we only predicted. We
know Wall street thoroughly, from top to bot
tom. and it is built upon quicksands. At any
moment the telegraph may bring US the news
that JEFF. Davis has packed his carpet bag aud
Aed to Europe. AT any moment we may be
able to publish some equally decisive intelli-
geuce Of the collapse Of the confederacy. This
may not happen to-day nor tomorrow; but it
cannot be long delayed Again We advise the
public to be warned in time. The crash is
coming; be prepared to meet II.