The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-26

General Grant and tho Busine.s Interests
Of tho Country-ssLet Us Have Peace"
With the announcement of the ticket and
platform of the Democratic National Conven-
ton gold began to go up and our national secu-
rifles began to go down. The Vermont cleo
ton checked this upward tendency of gold,
and since the Maine election the Wall street
gold gamblers, operating for rise, have been
reduced to very narrow margin of incidental
fluctuations. There was some degree of I'M
easiness among the holders of the five-twenties
and the ten-forties, but it has ceased to exist.
There were some misgivings among capitalists
and merchants touching the safety of money
investments, involving in their profits or re-
payment the hazards of revolution in our
financial system, as one of the probable conse-
quences Of this years political elections for
the next Presidency and the next Congress;
but all such misgivings since the Maine cleo
ton seem to have disappeared. Among all
| our financial and business classes sense of
security appears to be felt in the future which
can only be explained upon the basis of pre-
vailing confidence in General Grants cleo
ton.
But why this confidence in General Grant,
| IT is because from his proposition for peace
''Let us have peace"-the people believe that
with his election there will be peace. He does
not contemplate any violent collision nor any
embarrassing conflict with Congress; he has
no idea of any attempt to upset the Southern
reconstruction acts of Congress according to
the policy of johnson or the policy of Blair.
On the contrary, from General Grants letter
of acceptance of the Chicago nomi-
nation there is every reason to ex-
pect that on the money question and the
reconstruction question he will be content to
wait while before disturbing the existing
order of things leaving Congress, trade and the
political troubles of the South for time to
the natural laws of gravitation. Nevertheless
there is powerful impression abroad that
General Grant, from his well defined cOnserva-
tive character and liberal opinions, will not
countenance any further radical extravagances
| or excuses in money matters or in political
matters but will with firm hand hold the
two houses to an honest Interpretation Of the
Chicago platform and to general line of
policy which will give us peace.
The Tammany Convention we say, under
the acceptable banner of Chase, in satisfying
all the conservative business classes and inter-
ests that change in the government would
bring no violent change in business affairs,
could have carried the day even against Gene
raj Grant as the representative Of the radi-
calls. But with degree of folly and stupidity
which exceeds almost any foolish thing record
ed of the Bourbons, the jugglers of the Tam
many Convention contemptuously cast away
the prize within their grasp. A powerful body
of the conservative republicans stood ready to
join the democracy under the banner of Chief
Justice Chase, in opposition even to General
| Grant as the radical candidate, and for the
purpose of putting an end to the corruptions,
spoiations and usurpations of the radical party
| by putting them out of power. But the Tam
many Convention would not have it 40. They
preferred, under a representative peace demo-
| crat during the war, to fight over again their
disastrous campaign Of 1864, on the platform
| that the war was failure, and that In laying
| u
against the constitution, the rebel States, as if
nothing had happened but an election riot,
were restored to all their rights in the Union
| on the same footing with the loyal States.
Upon this issue the republicans are con-
Quoting the campaign, and we see that the
Tammany ticket and platform, and The demo-
cratic journals, leaders and stump orators,
North and South, in their belligerent threat
enings, have furnished the necessary political
| capital for the election Of General Grant
| The democratic organization, with the odium
revived against il as the peace party of the
war, has placed itself under the additional
stigma Of the war party against the peace in
proclaiming all the reconstruction acts Of
Congress growing out Of the war ''uncon-
stitutional, revolutionary, null and void"
The Union party of the war, therefore, thus
challenged again upon the issues of 1864 and
1866, have rallied and are rallyng, as under
| Lincoln. around the banner of Grant This
fact being apparent on all Sides the conclusion
! is inevitable that Grant must be triuuphantly
elected. Our financial and business men
that such is the drift of the popular tide, and
in the record and the character and conserva-
tive ideas of General Grant they feel that I'M
der him the interests Of the people will be
safe. that this Presidential election will be fol-
lowed by nothing like financial panic. nor
| by political chaos, but by better times. as
sured prosperity and substantial peace.
| Hence there are no unusual cxcitements from
day to day in Wall street, and no apprehen-
sons to disturb the business operations or
calculations of our bankers, capitalists. mer
! chants. manufacturers or agricultural classes.
The Enslish Military aud the Elections.
The Secretary at War of England has issued