The New York herald., 1873-11-21

other values, labor must accept a corresponding
reduction rom the high figures which prevailed
during the war, and which have since, with tew
exceptions been maintained.
The war sentiment aroused by the Spanish
butcheries In Cuba has helped in a considerable
degree 10 restore confidence Coming at time
when men were largely influenced by their fears,
when doubt and distrust existed on all sides, and
the situation from day to day dragged it's slow
length OF anticipated evil. the firm language
assumed by the government in this new crisis
sounded like
BUGLE CALL.
10 Whlch the popular heart responded by closing
up the previously dsorganized ranks and present.
ing sold ront TO the enemy. IL was a distrac-
ton, at all events and broke the dun monoony OF
gloom that had filed mems minds. In this way ~
did good, as IL brought animation, fresh purpose
ana new endeavor TO bear wnere apathy was pe-
coming dangerously prevalent. Present ihuica-
LIONS would seem to Justify the conclusion tnat
we have seen the worst ot the panic-that s III re-
specl TO ITS developing further signs oil grave IN
herenl weakness in our financial system Much
distress WILL OF course, remain 10 be dealt WIN a.
we know best. But OF any fresh disaster tnat
would intensity the situation there does not seem
10 be much room for apprehension. the English
market too, shows signs OF recovery Irom It's SYM
pathetic uneasiness with us, and all the indica-
tions are that Congress win assemble with the
country suffering rom grave hnancial ilis, ~ Y
true, but patient, hopeful, ANXIOUS TO discover
some means OF relief IN Legislation, yet Walchlui
that SUCH legislation shall be based on sound con-
servatiye principles calculated to endure the strain
OF our yearly activities, without danger oi undue
expansion or contraction ut any time.
The stock market throughout yesterday, with
intervals OF fractional reactlon, was, taxing the
whole days operations,
CONFIDENT AND BUoYANT.
Gold took lower range upon the continued snip
from the other SIDE, and from the tone OF the
Washington dispatches, which still speak expect
antly OF pacific solution OF our present difficulty
with Spain. This further helped by the posi-
tive statement from Washington on the authority
OF our Consul at Havana, that only 53 OF the people
taken on board the Virginius had been executed,
and that no executions had taken place since the
Sth inst. This information was given as being
direct from santiago de Cuba. Ii is scarcely neces-
sary to add that the general opinion In respect
this was that IL was So too many. The difference
OF feeling which prevailed at the meeting OF the
Clearing House, together with the secession OF
some OF the papers, contains also
ASSURANCE OF THE BETTER CONDITION OF THE BANKS.
With the whole system OF national banking
under jealous supervision they would not be likely
10 quarrel among themselves unless they felt them
selves strong enough to stand alone. During the
early days OF the panic thev were glad enough to
avail themselves OF mutual support 1or mutual
safety. Now that tney are willing TO disagree the
inference Is natural that they can afford II. Wl
not the Comptroller oil the Currency, however
instruct the Bank Examiner TO do his duty in the
premises and let the public know before Congress
assemblies, how each bank in this city actually
stands, and stop these repeated bear rumors re-
specting their conditionp
SPECIE PAYMENTS.
The meeting OF the Chamber OF Commerce, which
was to have been held tins afternoon Tor the
further consideration of MIR. A. A. LOWS paper in
relation TO tue financial crisis, was postponed
until the 18th inst.