Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1864-04-23
EDITORIAL CORRESPONDENCE.
lNTERNATroNA Jorrr
New YORK, April 10. 1sG4

to continue business with pleasure and
bring their wives and daughters to visit the
great "SIetropolitaniFair." The Fair is, of
course, great success, as might be expect.
ed. The receipts on Saturday reached
Sol@,Oco, aud are now nearly one million
OF dollars. New York will not permit anv.
thing to lag for want Of money. No people
on earth are more reckless or extrayagant
IN their expenditures. This spirit, though
OTTER attended with evil consequences, is
no doubt, much better for the community
and the welfare Of the masses, than the
opposite. The miscr who lays up his trca-
sure, benefits no one-not even himself In
great city like this, where there is SO
much to tempt the palate, as well as the
age, persons naturally grow extravaganza
even against the natural restraints imposed
10y habits of economy. To pay three dollars
for small basket, containing one pint of
strawberries, would seem almost incredulous
but in the saloon connected with this hotel,
hundreds of baskets have been sold the
past month, at that price They are raised
in hot houses at Philadelphia, and are very
attractive, in appearance, though not equal
in favor to those raised in the garden. TO
indulge in feast of strawberries, at about
six cents each is an expensive luxury,
even in times Of extravigance.
One of those terrible revolutions, which
frequently overtake the brokers and stock
IAlihp-S NXl lp N,
saturday. The "buls and bears" as they
are iamiliarly termed, whose business it is
to raise and depress the price or stocks,
have, for year past, regulated the price of
gold, running it up and down to suit their
own interests. Secretary Chase has been
after them with a sharp stick, for long
time; but they generally manage to evade
him, in his measures. One day last week,
they had forced gold up to 1.S7, but it was
brought down suddenly to about 40, with
crushing eject on the gold speculators.-
The movements Of the Secretary, in antici-
pating the payment Of the coupons or inter
est on the $50 bonds in gold which arc
due only on the lst Of May, cornered these
spectators, and the result is that many
lame ducks" as crippled brokers are call
cd, arc now seen in Wall street. The fall
IN some stocks is unprecedented. The de
cline in Reading, from the II Ia to the 18th
was from $S1 TO SG7, and many Others the
same proportion. How some stocks are
kept up, is really wonderful. For instance
Harlem, Which was down several years ago
SO So per share, now sells at $780, and
strange to say, it has never yet paid divi-
dend From this it may be seen the power
of these stock gamblers in deprecating the
National currency, and running up the price
of gold.
The passage of the National Bank bill
will work an entire revolution in the bank.
ing policy of the States. The Banks must
of necessity, use the Government currency
and the result will .be that nearly all oul
Banks will organize under the National sys
TEN. The late movements have already
advanced the value of the "greenbacl;s,
which are now quoted at premium Of from
to 2 per cent. over other notes.
The massacre Of our men at Fort Pillow
by the rebels, will be made TO recoil OF
themselves with terrific effect The Presi
dent declares that retributiye justice will bt
meted out 70 them. The friends of SLAYER,
are rapidly destroying every vestige of thai
institution. In q very short time MARYLAND
Will be free State. 4 majority of the
delegates are in favor Of emancipation with
out compensation.
The reasonable speeches of Long ant
Harris are already dividing the patriot,
portion of the democratic party from sucl
men rs Wood, Naiiandigham and othe
rebel sympathizers, and Widening the scpar
tion between the loyal and dsloyal of tn
party. Even the Y. Y. World, which ha
been about as malignant in its copperhead
ism as any paper in the country, sees tn
consequences of allowing the ultra peace fac
tion to rule its party, and is very bold an,
outspoken it condemnation of Longs sent
ments. 1t tells the Philadelphia Age it j
sorry to see it playing into the hands of th
republicans "by supporting the views G
i''iS anu iAaiIiS ue NAC NlCNS VI llc ttulC
cratic party" In Saturdays World the Al
gumcnt Of Long is dissected and replied t
at length. Longs whole fabric of logic fall
before this PLAIN statement of the situatio
by the World -
Mr.. Longs is mere paper logic it ignore
the more cogent logic of events A wa
once begun, ceases to be within the contrc
Of either Of the parties to it, until they ar
mutually exhausted or one of them ha
gained decisive military advantage tina
1t can dictate terms TO the other. In tn
present balance of advantages. neither tn
North nor the South could propose anythin
which the other would consent to accept
nay, which ii would not resolutcly reject O
the cannOn's mouth. The war can, at pres
Gnt, no more be stopped than could ski
midway in the cataract of Niagara. II, then
We should adopt Mr. Longs stand point
and regard the south as a foreign nation
every patriotic instinct, every impulse O
Halional pride demands that our support b.
given to our own nation. II the s0uther
people have become foreigners the logiCa
Inference wolld be- that they are no lonpc
entitled 10 our sympaih.cs and corsidrra
ton as fellow -counLrymca, In that view, th
national honor Requires that We shoui,
wrcst from them their ts.rritorlcs with jus
~ little compuncIi1a ss 10, land coGqucre,