The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-09
WEDNESDAY, NOVEMBER Q, 1861.
THE FINANCIAL NEARING OF THE
WW.ECTunN,

Never before, in the history of this country
has a Presidential election been us important
In its prospective bearing on the welfare Of
the nation as chat which transpired yesterday
Az change Of Administration is matter Of
serious concern at any time and under aly
circumstances. But such an event now would
be>ffaught with unprecedented and extraori-
nary consequences. In a late speech at Au'
burn, New York, which we published yester-
dsv. Mr.. SEWARD, our Secretary OF State
Nxnressed this idea with marked force in the
following laDgnaso;-
"a change o. succession IN the executive
tl55wer III A ton j, a,Wavs vita, and tba'
atbange IN our country constitutes perpc.ualiy
"WcuUug CRISIS
In view, then, Of the magnitude Of the
.ssues depending on the election Of yesterday.
Il is not surprising that the public mind con
teinplated It's result with feverish and painful
anxiety. The truth is that the business inte-
rests Of the people were held suspended in The
very same scales into which the political life
of the nation was cast. All were uncertain
as to what would be the decision of the ballot
box, and but few were at all competent to
form any reliable Judgment as TO the probable
effect Of that decision, whatever it might be,
on.the public prosperity, and therefore on the
fortune ofevery individual citizen, whose per-
sonal fate Is necessarily Included in that Of the
Government.
But this season of doubt and apprehension
ia now nearly, if not quite over Affairs will
begin very speedily to settle down and shape
themselves in conformity to the political
policy and conditions which, by the deliberate
and authoritative voice of the people, will
prevail in the administration Of our National
Government during the next four years at
least What will be the immediate effect OF
the popular will as declared in the late elec-
ton, no one can presume to predict The
dulness in financial operations and specu-
lative adventures which preceded the
election, win most likely be presently fol.
lowed by a degree of excitement proportionatC
TO the aDtecedent reserve, hesitatiol,and averse
ness to move in any direction. We shll
not be aStonished if the violent reaction, OF
one or the other side Of the line of recent stag
nation in business of almost all kinds, shoulC
follow at once on the announcement Of tht
political canvass which has just been brough
W uhppJ pOuSSublS OOhS'u''Oii' NA'
prices OF all things may rise or fall, the wage
oflabor may go up or 90 down, and specut1
tive securities of ali kinds may suddenly talk
in sail or spread the canvas broadly and freel
to the breeze,
All these contingencies, however are y,
but problematical. Some persons fancy thl
while revulsion OF some kind or another
inevitable, it will be manifested in an indatio
Of all values and yet anothpr SET of f''jo
9Vncs, not DIT more gifted with the power
forecasting the future presume to prophes
that violent contraction viii take place
the commercial and financial economy of Il
nation.
Be the result of these various anticipation
what they may, we are quite assured OF o.
thing, namely, that the public mind will so'
regain its ordinary adjustment to the settl
condition OF national affairs, and chat the gen
raj movements Of trade a-d finance will
tremendously accommodated to that poll
Of administration at " ashington which t
vote Of the people has finally determined
at least four years more.