The New York herald., 1864-10-29


at 2lsk to 2i7k then reoeded 70 aitx and CLOSED
at 2l6k. Government securities were steady.
Business was very moderate yesterday iu all kinds o
produce. but especially In imported goods Tho rumoI
| was current that combined movement against Rich
mond by Gran, and Butler 10 progress and bus lls
else thought Of. The auctua business transactions
were therefore light. Groceries, cotton, &C., were
quiet Petroleum was mixed. crude beiGg heavy and
Aned buoyant On Change the -four market advanced
loo 800, with q fsr demand. Wheat was Sc. higher
and scarce. Corn was 2JSc. higher, with an improved
demand Oats DUH Pork nrmer. bat lass active. Beef
was active and nrmer. Lard Arm, with fair demand
| Whskey and ireishts continue dull
The Vote OF the Eieo toral Colieges-How
Ca Redeem the Country.
Our perfectly practical plan OF settling oil
our political difficulties by casting the vote Of
the electoral colleges, not for Liucoln and
johnson or for Mcclellan and Pendlston, but
for the two best men In the country, has at.
traoted very general attention. II the electors
have the good sense to carry II ont they will
completely revolutionize tho politics Of this
country, annihlate all Of tho present miser-
ably corrupt parties. aud bring us back to the
golden days Of the fathers Of the republic.
The design Of tho constitution was that the
Presidential electors should be chosen from
among our wisest aud ablest men, ard that
they should select the two best men in the
country for President and Vice President.
There Is nothing to prevent our recurring to
this original intention Of the founders OF the
constitution On the contrary, it is the easiest
thing in the world to show that, as both the
convention candidates are failures. this is the
very time, above all others, when the nation
will be most benefited by such a change from
the bad routine Of our political system.
When this war began with the attack upon
Fort Sumter we were the first to tender our
support to President Lincoln, and to urge
him, as we had previously urged Buchanan, to
call for volunteers to save the capital and
preserve the Union. From that time to
this we have always sustained those In
authority, while they labored for the Union,
and have only rebuked and opposed them when
they appeared to US to be injuring the Union
cause, either from want of capacity or want Of
patriotism. We stood by General Scott until
he failed as military leader. We hailed the
rising star Of General Mcclellan, which broke
gloriously through the clouds Of war during his
Western Virgtnia campaign. We cordially
assisted and endorsed him while he was organ
izing his army, planning his campaign aud de-
veloping bis attack upon Richmond. All this
while, too, we worked hand and hand with
President Lincoln, and only differed with him
when we thought that he yielded too much to
the radicals, and cared too much for his party
and bis own chances for reelection. Our course
from first to last has thus been purely patriotic
and consistent, and it has commanded the ap-
probation Of all intelligent men Of both parties
Both Lincoln and Mcclellan recognized and &C.
knowledGed the services we rendered to the
Union cause, and even those who had been most
bitter against the HERALD in times past did not
hesitate to express their appreciation Of the
work which we we're doing for the country, in
6lling up the army and navy, strcng gthsning the
hearts Of all loyal people, aud inculcating
those principles OF nationality and fidelity to
the Union and the constitution which had made
this country the rival Of the. old European
Powers and ths champion OF liberty through
out the world.
Neither Lincoln nor Mcclellan, therefore,
has any right to reprssch us for not advocating
his claims during this political canvass. In
1868 We nominated both Of them. and put them
on triI before the country. When they failed
We could support them no longer. just as We
bad transferred our support from Scott to
Mcclellan. when Scott failed so we transferred
our support from Mcclellan TO Grant, when
Mcclellan failed Is . general and failed still
more remarkably in his dealings with tile
Cabinet. General Grant has succeeded almost
miraculously, and We regard him as the sblest
man yet brought forward by this war. AS We
had supported Lincoln and Mcclellan while
they truly represented the nation, so we sup
ported Lincoln and Grant when Mcclellan was
superseded. But Lincoln turned out 70 he as
great failure as Mcclellan. His only success
was in securing the nomination Of the Balti-
more Convention. As may be seen in his own
letters, published some time ago. he confessed his
iucapscity by handing over the entire conduct
Of the war to General Grant and disclaiming all
knowledge OF Grants plans and, consequently,
oil share in the credit Of Grants victories.
Has anything happened since that time to
change our estimate OF the abilities oil
Mcclellan aod Lincoln. Nothing whatever.
Must We relinquish our carefully matured
opinions OF these men because the shent-per
shcnt, shoddy, grogshop politicians Of the Bal
timorc aud Chicago conventions have seen 6t
to nominate them for the highest Office In -
land, Does the Baltimore nomination make
Lincoln q statesman, or the Chicago nomina
tion make Mcclellan q successful general.
There are many modern miracles, but these
transformation are not among them. Lincoln
and Mcclellan are failures, and Grant Is our
Presidential candidate.
Now, If the usual custom Of electoral col
leges is followed out one or the other Of the
two failurcs we have mentioned must inevita
bly, be the next President OF the United States
Why should II be 60! The custom Is only Q