The New York herald., 1873-12-20
THE MONETARY SITUATION.

Tho Descent OF Peace Upon the VrOubleo
Markets Of Wall Strcet-ApOtheosts of
Fish in the Gold Market-A Rcprescn-
tattve OF the Casino Espanol Com
founded by Our Wonderful Diplomacy.
sPeace hath It's victories as well as war;" So
Wall street thought yesterday, when 1t realized
that the virginius, Q United States vessel seized
ON the high seas in violation of our nag, taken
into Santiago de Cuba, her crew and passengers
murdered before condemnation, conveyed to Ha-
vana in triumph, had been upon our strongest
representations to Madrid, and after the expendi-
ture OF S. 600 000 delivered over to United States
despatch boat by Spanish survey boat at point
along the coast further away from rebellion than
Havana.
The gold market furnished an illustration of this
In the recession OF the gold premium. AS IN the
case OF the virginius 1t was
THE CONCESSION OF THE CASINO EsPANOL
to the peaceful expression Of our war power In
other words, the possibilities OF the situation
proved menacing, although of the mildest current
presentation. Hence q Spanish gentleman who
had bought gold lately, In expectation OF seeing at
an early day that mixed Dag OF blood and pesti.
Ience noatng over Trinity church steepe let go Of
decline in gold from 11lA to Ill, at profit OF
again in claim against Mr.. Fish Tor
CONSTRUCTIVE DAMAGES
It certainly would not be safe Tor Mr.. Fish to
trust an American Jury IN sGc case 60 give % am
Wall street, for they have not begun TO realize
there yet that of-Fishally we have actually apollo
at all, and so exciting public attention In taking
the vessel back sa0 rosa. Later gold went on to
10Y when it was learned that the remaining
prisoners at Santiago had been delivered over to
Captain Braine, OF the Juniata, and were en- route
to New York Thus poor Robeson, Secretary OF
appointment for this ''mOst lame, impotent con.
Clusion," while Secretary Fish has
enough not only to n0at himself but an armed
marine OF twice our capacity. 1t will be interest
ing 20 note now tns wiz anecs our atIr9 ~
marts are not as class Of unqualified belgerency,
yet 1t was certainly felt in Wall street that more
manly vindlcatiOn OF our sovereignty In this V1r
ginius matter would have, even II 1t involved war;
been OF advantage to us from financial point Of
view. Cuba it was argued, could more than pay
the expense involved in its pacifcation, or as cap
tured territory after the example OF Prussia, fur
ntsh indemnity to US for the expenses Of war
In any event
SOMETHING MORE DIGNIFIED WAS EXPECTED
than this actual result and the street was accord
profits by prompt reaizations lest the whole struc-
ture of our government should tumble about our
Of dmes and auarser stocks showed
decline, which was, however, partly accounted for
by the fact that the banks were calling in
loans to meet the usual January interest and
dividend payments. In consequence we may
expect q weaker or unsettled market from now
until the 1st OF January, after which, with these
interest and divident payments to reinforce the
market, another upward turn may be looked for.
pressed in regard to the developments OF the new
year In other busioess circles and very many sus-
pensions are looked for as a consequence of the
yearly settlement. None, however, were reported
yesterday, and, excepting the spasmodc effects re.
6ulting from
THE LIFTING OF TUE WAR CLOUD,
Wall street pursued the even tenor OF It's wav
with more than moderate interest in outside
events. ..L'Enpire c'est la pGir!, and "Iet us
have peace ~ swell the Christmas chorus in joint
harmony. Tornado has swept across our COM
merce, threatening lt with destruction, but Secre-
tary Fish hath breathed upon the OF the waters
and now great calm reigns