New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-26
LETTER FROM NEW YORK.
NEW YORK, October q. 1873.
EDITOR REruILIcAN:

EDITOR REPUBLICAN,:
The New York Democrats are rejoicing
over a victory in Ohio, but they do not say
anything about the administration victory
ia Penpss Iyania the truth 10 that the
victory" in neither State Is one for any
pa,ticula, policy of which the people Of
either State could be proud or could depend
upon tor perlnanent supper: ardrslie!.
At the time OF writing there seems to be
evidences Of returning confidence in the
business cigc,es. especially among the uer.
chants and manufacturers. AIsxcitements
on the street have died ou.. The Stock and
Gold Exchanges hold sessions every day with
rs much 9uietness. comparatively speaking,
as church congregations. The bulletin this
afternoon is ina. there have been no exci.-
ing o. specially interesting features present.
ed;' that generally dull and sniInportant
markets were Observed This sentiment per.
vades, and has reference mainly 70 the specu.
latoTs. Government: bonds are Gull to-day.
however, and gold 10 down 70 1855. Rail
road stocks are euiet. and the general
clamor is for more greenbacks. Yesterday
there was a report OF financial trouble in
the Pennsylvania Central RailrRd Campo.
ny. blow al Tom Scott in his absence. &C.
eompapied by . blow at the Texas Pacific
CompA. OF which he j. president. To-
day the plot was exploded aud the stock Of
the Pennsylvania Central advanced one
and half per cent. Vanderbilt and Jay
Gould have been the targets u defeated
and tankrup: spectators, but a, they have
thus far been able to avoid tie shots the
firing has ceased.
Tho attention OF the public 8 naturally
mention in my last letter. Several shrewd
Senators and Representatives are already
taking advantage of the popula, current by
which to guide :heig po!i!ica! cats in The
future.
The ''back pay grab,' so-'ailed, has
proved dangerous thorn for the reform
and civil service Congress. An effort will
be made to enter upon the records a: the
next session solemn vote OF ensure upon
those members who voted for tie measure.
The Sergeant farms Of the H,use Of Rep
resentatives informed the few days since.
as he was passing through to Washington,
that considerable amounts Of the ''grab
salary was yet uncalled for in his office.
The officer of the House referred 20. Mr..
Ordway. refused to scsep: al increase of
his .aiaryo
Western and Southern merchants, either
in person or by commission. ar, purchasing
to replenish their stocks. Tade in that
line is brisk and healthy. Th purchasing
merchants now seem to have obtained their
greenbacks. and are using then freely.
A gentleman high in authuity who at
sive,s here :o-day from Washington. says
that he has a letter from Pgedden. Grant
TO bank officer. in which tie President
announces his intention TO Gaw on the
$44,00O,000 legal tender reserve 10 the ex-
tent of $3,00O,000 per week for several
weeks to come, and at the aIne time to
buy fl,O00,C00 Of exchange o, London for
the use of the State and Navy Departments.
Many New Orleans gentlemen are ret in
the city.
Tue President and Cabinet minister's come
and 60 about the same as ever. Hardly
night passes but some one Ut the Washing
ton officials OF the executiv. department
may he seen threading his vay through the
crowd in Fifth Avenue, or acting as
nearer or speaker in one OF the groups in
that hotel.
Politics in New York, State and municipal,
are still very much mixed. There is com
petition between the Democrats and Repub-
licans to gobble up the Libeml vote. The
probability is that it will bedivided, more
than half not voting at al; the other half
scattering between the Dmocrats and
Republicans.
The city presents, on -ne whole, the ap-
pearance Of dullness. A deresson rests
upon the spirits ct the people generally.
Il.