The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-23

Inc STOCK market was on the whole strong yester.
day. Government securities were very strong and
active. Gold closed at 1441s 144A. 9, =,
The Contest in Pennsylvania-The Issue
Life or Death to tho Now York De.
mOcrncy.
| All eyes are turning towards Pennsylvania
| What is the prospect in Pennsylvania? is the
universal question among the politicians. Is
there any hope for Seymour in her coming Oc-
tober electionp None, from all the signs of
the times. If, then, on the 18th of October
the republicans in the State elections of Penn
sylvania, Ohio, Indiana and Iowa carry the
day, what hope will there be fer Seymour in
the general national election of the 3D. of No
vember? None in the world. Will the repub-
licans in October carry the States indicated,
including Pennsylvania We think they will.
and by handsome majorties, from the tone of
the Northern pulse as indicated in Vermont
and Maine. What then? Why, then the Pres-
Dental election will be reduced to the mere
formality of casting and registering the popu-
lar and electoral majorities of General Grant.
We suspect that General Butler was more
than half right in the opinion that the New
York managers of the late National Democratic
Convention, in continuing the suffocation of the
Chase movement and the nomination of
Seymour on Wade Hampton's platform, delibe-
rately contrived democratic defeat We
think, too, that the Pendleton men of the West
took tho initiative In Gsy-As~s's nomination
with the same idea BY giving the field to
Seymour in 1868 they kept it open for Pende-
ton in 1872. But the New York clique
of managers had their immediate profits in
view even in Seymour's defeat as their Presi-
Dental candidate. They calculated that tho
names of Seymour and Hoffman would in any
event enable them to secure complete control
of New York, city and State and that with
this substantial capital to work upon it would
be an easy task to manage the Democratic
Convention of 1872. In other words, Mr.. Sey-
mour and his confederate New York managers,
in canvassing the chances in the late Tam
| many Convention, concluded that 80 far as
their immediate political interests were con-
cerned national defeat in this contest under
Seymour would be preferable to success under
| Chase. inasmuch as the nomination of Chase
would involve a reconstruction of the party
upon new ideas, new issues and new leaders.
| But if Seymour was thus deliberately set up
to be knocked down, of what importance to
these New York managers is the coming Octo-
Der election of Pennsylvania? 1t is simply a
matter to them of life and death. If these men
lose Pennsylvania in October the moral effect
will carry New York in November against
them, and their plans under Hoffman as Gov
ernor, with party Legislature Of the Tam
many stripe to back him, including Tilden's
election to the United States Senate-in short
all their fat will be turned over in the fire.
Twenty-Five millions as the spoils and
plumber of this metropolis is good
round sum; but with Hoffman as Governor,
with Tammany Legislature behind him, taese
spoils, with the additions from the State under
the Albany lobby, may be easily enlarged to
fifty or hundred millions. This immense
prospective political capital for future opera
tions depends upon this coming Pennsylvan
October election. Our Tammany mar ager.
have lively sense of the delusion Of thai
forty seven thousand majority by which they
carried New York last fall. They know tina
Grants nomination has reduced the New Yorl
democracy to something like Seymour
strength Of 1864, and they know that, will
Pennsylvania against them, the floating balance
of power in New York will be lost, and with i
all their golden schemes and calculations.
What, then, Is to be donep In 1856 th'
New York democratic managers were 80 tho
roughly impressed with the necessity of carry
ing the Pennsylvania October election for Blu
chanan that, on the earnest petition Of Forney
they raised an electioneering fund for him o.
one hundred thousand dollars, more or less
and with this New York fund Pennsylvania
was saved to 'Pennsylvanias favorite SON. BY
some two thousand majority. Robert j
Walker or George Sanders or Forney could
tell oil about 1t. This, then is the main ques.
ton. To secure New York will It be better
for the New York democratic managers Il
invest all they can raise in the Pennsylvania
October election or to save their funds for the
New York November contestp We think tina
Pennsylvania calls for the investment; bu
we think that hundred thousand will no
be enough. The Internal Revenue Depart
ment, including the wbiskey rings under the
Tenure Of Qace law, and Rollins ard v,