The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-28

nos"i' O"s ioiinS aisO IN THIS experiment,
their copperhead organ proclaimed that hence
forth Seymour was the candidate of the demo-
cratic party and the authorized representative
OF its principles; that Blair was cipher, q
mere nobody on the ticket, and that his letters
and speeches had furnished capital enough to
the radicals, but that henceforward they would
have to fight Seymour. Accordingly, it had
been arranged that he should make tour to
the West, and in series Of stirring speeches,
from point to point, against the abuses and
usurpations Of the radicals, compel them to
drop Blair and defend themselves against
Seymour.
The plan was put into operation; but the
managers had been counting without their
host. General Blair would not hide his light
under bushel at their bidding, but maintained
the field, bravely defending his Brodhead letter
as the main plank in the democratic platform.
To make the matter worse, not having the fear
Of the lukewarm Manhattan and Tammany
Hoffman clique before their eyes, the Brick
Pomeroy, Jack Rogers red hot democracy
doubtless contrived this visit of General Blair
to New York, as the unlinching champion of
their rights and the Tammany decla-
ration that all the reconstruction acts
OF Congress are unconstitutional, reyolu-
tionary, null and void" and Of that
other declaration, that the bondholders must
be paid of, like the rest OF ms, in greenbacks.
Thus we have developed here in New York
city among the confused democracy a Sey-
mOur faction of the lukewarm democracy de-
terlnined to keep Blair in the background,
and a Blair faction of the red hot democracy
who are quite as firmly resolved to keep him in
the foreground faction contending that
Blair is marplot, hereto, disturber, all
outsider and q dead weight upon the party,
and faction glorying in him as the living en-
bodiment of the democratic faith and the demo-
cratic programme.
There is at Washington guerilla copper
head organ, supposed to be a sort of tender to
the kitchen cabinet, which, joining in the out
sci in the demand for the shelving of Seymour
and Blair, still keeps up the cry But it seems
to have had some inklng Of the game of the
Manhattan ring of bondholders and Bohemians,
for 1t says :-'sMr. Belmont recovered from
the fatigue of his long recreation at Newport,
has suddenly become aware that something
must be done to save, not the general election,
but the State of New York, Hoffman and the
Tammany ring. That little empire is of more
importance to the sachems of Tammany than
all beside. Governor Seymour is at this late
hour made a stalking horse for this purpose
alone" And again this Washington organ
demands the shelving Of Seymour and Blair.
This Is democratic harmony with all the
modern improvements We hardly know
what to make of it. We think that, take il all
together, it presents bad prospect, not only
for Seymour and Blair, but for Hoffman, as the
party most directly Interested in the New
York election.
About the only redeeming features of this
democratic middle are the manly courage and
honesty OF the red hot democracy of the school
Of General Blair, and the pluck of Blair him
self in boarding his accusers in Tammany
Hall. If any Of them entertained the cont
fortiDg idea that the mission Of the General to
this city would be imn,ortalized by his mag
unanimous withdrawal from the democratic
ticket they must try to bear their disappoint-
ment Nominated in the July Convention by
reclamation as an out-and-out expounder of
the democratic faith, General Blair no doubt
feels that obedience to the clamors Of little
clique OF spoilsmeD and Bohemans would be
treachery TO the great mass Of the democratic
no Tort Oad. tn 40 inn xb.,
public eye was trick of cowardice to which
a true soldier could not consent. and the
agreement of a clique TO ignore him and bully
him into a resignation was device which i'm
our New York November elections will he very
apt to rebound like the gun Of Hudibras-
Which. aimed at duck or piover
Kicks back and knocks the owner over.
The Continued Excitement ia Wall street.
The panic-like state Of feeling which has
been the leading feature of Wall street affairs
since the break in Erie last Friday afternoon
continued unsbated yesterday, and the none
tary striugency was even greater than at any
time within week past The damaging
statements made by the president of the Erie
company have had the effect Of still further in
creasing the indisposition of money lenders TO
receive Erie stock az collateral for loans.
and as soon as the English holders realize that
five millions more Of new stock is likely to he
thrown upon the market shortly, and that there
is no limit to IFS increase through the issue
Of convertible bonds. the effect may be inn
agined. II Is reported that two millions more
Of greenbacks have been withdrawn from the
banks and that nearly quarter Of a million
was scnt South yesterday. go that the indica-
tons are against any relief from the prevailing
stringency. Bank officers are unwilling 70
institutions in view Of the approaching demand
for currency la move the pork and the cotton
crops. and they saw they can obtain no benefit