The New York herald., 1865-02-04
FINANCIAL AND COMMERCE.
FRIDAY. Feb. SOP. N.

FRIDAY Feb 3-6PM
The tone Of the gold and stock markets has rncr
today than for the two three days nowhstsnd
ig the conference supposed to be gong forward between
the President and Mr. Seward and the informal peace
commissioners near Fortress Monroe and this indicates
che prevailing feeling In the street with regard 10 'no
probable result Of the interview II is expected that
there will be reeraon Of the old story thai the reoes
arc willing TO treat for peace the basis OF separat on
ana the government AZ Washington on the basis OF re-
construction and that the will be Afterwards prose-
cuted with renewed vigor The IMPRESSION neyerthe-
less among the thinking portion Of the financial and
speculative community is that The more points of peace
fnI contact there are between the two sections
chs more promising will be the prospect OF
an early peace; and that therefore the re-
oent and present overtures towards q termina
tion Of the win be productive OF good indirectly II
not directly They have prepared the public mind, 10 q
great extent for peace on both sides, and by 30 doing
cannot have assisted in developing Union sentiment
In the South and possibly in modifying the bitterness Of
feel ng existing among those least favorable to tho
restoration Of the old flag In the seeded States Al
thongh therefore this meeting OF the representatives OF
che federal rcbA governments Is not likely TO result
In another treaty of Tls it is regarded as one OF the
favorable signs Of the times.
There was recently marked f in the price OF gold in
Richmond in consequence OF the visit Of Nr. Blair to
Richmond which has been accelerated by the mission
now absorbing the public attention. and the gold dollar
was according to the last accounts, selling at "forty-
twon which means forty-two dollars in rebel
FOR one specie had previously and since the
capture OF Savannah and Fort Fisher been selling at
prico which reluced the rebel currency TO a
merely nominal value. This shows that the peace
rumors there had corresponding effect to that they
exerted here, although the Richmond Wig nterprets
the cause of the decline differently, and, think,
erroneously when IL says;'The fact that the peace
rumors colncident with marked fall In gold shows
that So thern opinion this subject is the precise anti
thesis OF tho Northern opinion Until the two opinions
begin lose their antagons and to tend towards
mon s!gnihcaacy negotiation must inevitably fail On
the contrary we see recognition OF the identity of
interests the peace question in this simultaneous de-
The people the South feel that the longer the
tnucs the entirely worthless viii their currency
become while in the event of peace being negotiated,
provision might possibly be made for paying off or fund
ing their currency certain valuation to relieve
at least the distrcsses Of the poor
The people Of what for the want OF better word we
may call the loyal States the principle.
They know that the longer fight the greater viii be
the national debt and if tho present makeshif. nnan
cia policy porseverej in the greater too, the depre
citation Of the currency and the spect OF peace nau
rally tends to improve popular faith in the public credit
which has gold for its barometer With peace to
there would come panic in the gold market; and the
why gold has shown tendency towards recovery
from the depression occasoned these peace overtures
IL that peace likely be won not by negotiation
but by the sword .