The Portland daily press., 1868-11-10

The Election-The Tight Money Market-PoR
tics Once More-iS5me Ne1c InUention-Ld
Belle Kellogg.
NEW YORK, Ncv. 6, 1863
To the Editor Of the Press:
The smoke of battle has cleared away and
congratulaton is the order OF the hour. And
reason good for rejoicing Peace, white wing
ell aud beautiful, hovers over the land, hence
forward to abide. We in New York, however
cannot glory so heartily in the victory won as
you in Maine. The field remains with the
Grand Army hut our division in it has been
repulsed. Give us the credit, though, of gal
LIANT fight against great odds. The excitemeni
at the close of the camp ign was most intense.
No election in this city Tor years has created
so much. Monster meetings, torchlight pa.
rades and all the accomplishments of great
canvass abounded; and the Republican vote
here and in Brooklyn was never so great. But
in vain; we are once more overborne by fraud
luent naturalizations aud organized gangs oil
repeaters. / was told yesterday of one man
who voted twenty eight times, for Seymour
and Hoffman, of course. What will be done
about it? 1t is hard to say. The talk now is
of contesting the election in the courts and OF
trying to break up this gigantic system of
irand. I do not think that the atten pit will
succeed so far as to defeat Hoffman, or give
the people their own, but it may prevent such
acts in the future. II it should honest men of
all parties will rejoice.
A very general anxiety pervaded the city
the day before the election. Violence and
blocdshed were feared and not without cause.
Tbara ~ 4ha
quarters; the United States Marshall had ap-
pointed large number of deputies to arrest
parties voting on fraudulent naturalization pa
pers, and not to be behindhand, the Democrat
ic Sheriff had made thousands OF special depu-
ties to protect the innocent lambs of his par.
ty." Gov. FeDton was in town all day, with a
division of the State militia under orders, and
with power to call upon the United States
troops if necessary, A delightful prospect for
peaceful citizens? Perhaps the very greatness
of the apprehension which existed, served to
prevent outbreaks; at any rate more peaceful
election has OF occurred for years.
We have this to congratulate ourselves upon,
that We have the Assembly, and in conse
quence the U. s. Senator; unless indeed, as
Tammany brave lately said to me that organi.
cation buys it up. A little story on this point
is dpropos Lust fall an Assembly man from
this city was telling friend and myself how
much his election had cost him. He was
about $4,000 out. Said my friend, "Captaip,
how are you going to make it pay?" "By the
exercise of incorruptible integrity" replied
the worthy legislator. There is a good deal OF
that kind of "incorrup:ible integrity" sent to
Albany, and it ge orally commands good
price.
Next to politics the most exciting topic just
now is the tight money market. This recurs
regularly each spring and fall to the great det
riment of all legitimate business, but is especi
ally severe this season. Just think oft. Mon
ey is leaned from day to day at rates which
amount to one hundred per cent yearl OF
course these rates are mainly paid by stock
operators in order to carry their loads; and the
curious circumstance about it is, as a promi-
nent stockbroker tells me, that stocks surely
depreciate while the market is thus tight. The
fall generally takes place after money has be-
come easier. The mysteries of Wall street are
10 the initiated quite beyond comprehension,
ond lucky for them II they don't try TO unravel
them. This fall the condition of things has
been greatly aggravated by a combination
among operators on the street and some of the
banks to1ock up several millions OF currency.
You will remember that the same tactics were
tried, and with considerable success, by the
Drew party in the great Erie war. Altogether
there is q fine field tor little judicious Iegis-
laton ON our financial affairs.
Coming back to politics once more-who
can help it just now? The daily papers were
most entertaining reading the morning ai'er
the election, particularly those OF the Dem"-
cratic persuasion. The leader Oh the "or'd
was most carefully written and evidently
mainly nrepared in advance. 1t requires some
r,or,I courage ito proclaim its mistaken cou-
q aIouce in the pussant and undying youth" of
its routed party. Even more entertaining was
Brick" Pomeroy, who in imitation of his great
prototype of undoubted "red hot" proc,vities.
shrieked that though the field be lost, all is
not lost" We can afford them all the consoa-
ton that can be derived from cheap rhetoric.
Meanwhile we rejoice that one of Parton's
brilliant conundrums has been answered for it
is decided that the coming man will smoke
good deal too.
believe have never written you Of one Gu
rious enterprise in New York-the elevated
railway which is being built on the western
side of the city. 1t is one of the attempts to
solve lhe problem of rapid communication be.
tween the upper and lower ends of the town.
1t Is nothing more or less than pair of rails