The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-23
their congratulatiors to the HxEALD for NJ sress
victory ior which it has shrugged.

sneir CONCENTRATIONS to the HERALD for ihs grese
victory ior which 1t has shrugged.
THE EFFECT In The CITY.
When the news OF President Grants veto NJ m
Senatorial inhat0n bill was received In ,n,s St
yesterday afternoon there was but one fae,,n. :,
universal satisfaction, at the action nj ,na rn..e
Magistrate OF the nation; and SO general wa. ,nss
feeling to not word or blame could be h.ar1
amid the general 10Y. Crowds gathered aroma
all the bulletins OF the evening papers, where tina
news OF the veto was printed In large letters ana
gaxed - tam with that peculiar vacancy OF
crowds who zee more In what they are eyein . than
the mere characters before them. 1t was
clear to al that the great bugbear OF the
nation was gone ana President Grant had
done one OF the most popular acIs OF his
lifetime. and certainly the most popular
civil acs or his administration. But while
the veto was looked upon with pleasure. Some
surprise was expressed thar It had remained in
allegiance FOR so many days since Congress passed
the obnoxious bill, while the press OF almost tho
entire country and every financial man Of promin-
encc had put itself and himself on record against
it and urged the President TO do what he had at
last done.
the veto Of President Grant did not reach
Y
reporters Of the HERALD were immediately
dispatched TO ascertain the views OF the psoni.
nent bankers and financial men OF New YORK
upon the great question Of the day. That many
Of these were not seen was owing TO the lsteneaD
OF the hour, whom banking business was ended.
ana the gentlemen mentioned had returned -
their Lares ana Penstes and were even beyond
the reach OF the pleasant and ubiquitous inter-
viewer. Enough expressions OF opinion havo
been obtained. however. 10 show that there il bue
one opinion among bankers and merchants con-
corning the faacy OF innation-such men -
Mcssrs. John J. Cisco, John @ Jones, Seligman,
George Opdyke, Denny, Fisk and Camp, &c. only
IN one case prominent banker departs from tho
general rule OF these opinions and considers tnas
no matter what amount OF currency the govern
ment might print the people would take no moro
than they wanted. The sophistry Of even -
erudite an opinion - this, however, seems to b
abundantly proved by the others. so well known
q man a. Mr.. Cisco saying that Limitation is the
1rst step 70 repudiation."
Altogether it Is ielt that the President has risen
to the dignity or the situation, and mas saved the
country from peril hardly less than that which
he sverted nine years ago; for IT, some said,
the revolutions OF peace are as dangerous as those
OF war, then the country may congratulate itself
that the man at the helm proved true to his trust
terest over the veto were intense, and the same
universal feeling OF satisfaction existed.
At the Fifth Avenue Hotel.
The bankers and brokers and i'd 0nsne gsnus
who, in the evenings Of their pecuniary trials and
tribuations, a. well as of their triumpns make
the Fifth Avenue Hotel barroom and reading room
and vestbule their headquarters were ont In
gOodly force last night. To say that there were to
tSo
countenances would be bus telling half the story.
Those who did look chop-fallen looked so to de-
gree that would have brought scalding tears to the
eyes OF an alligator, had one OF those interesting
creatures been so happy as to have been present
during the evenings excitement And 1t was
quite plain to any one who u At all familiar with
the faces OF the big and little men that nervousiy
dit by one In Wall street, In one ONCE and out OF
another, during business hours, that the great
majority OF those whose in6ati0n ardor mad been
dampened by tne Presidents veto were OF the
small fry order Of broker and BANKER. There were
but few OF
THE REAL PROMINENT MEN OF THE STREET
on hand during the evening, and those who were
took good care to keep away from the general
crowd aud TO walt about only till snch time - they
had learned what the 'ndicatons" pointed to for
the morr0w's work. From as early an hour "a
seven O'Clock chairs Ia the reading room and bar
room were at premium, and 'Standlng room
onyn was left Tor the late corners. Even the SONS
that are placarded. 'srhese sea1n FOR nall men,
were eagerly seized upon and oooup&Ba z3set n
the time to the exclusion almost Of she hall
men themselves. The great topic or discus.
sion was, OF course, the veto ana the pr0ba-
Bile consequences TO the finance OF the country.
As has already been mentioned, the small my
manifested considerable disgust and, Judging
frOu1 WIG how oka Of ho prnu ytu
knowledge OF finances, they win from this time
forward, until they are able to get even In some
in the market for their present disappolnt-
ments. consider General Grant among that very
large class Of men who do not always swear by
THE FAITH OF CURBsroNE MONEY MAKERS,
and who, as q result, do everything In way
that is repugnant to curbstoneism principles.
The fact OF is, 1t was evident that great many
Of the sore heads had attempted to discount
the chances OF the Four Hundred Million bill boz
coming q law Tor weeks past, and had finally come
to the conclusion that the President would sign IL
Once convinced In their own minds OF this fact. ~
they went about their little pecuniary jobs accord
ingly and came, at least the reckless of tncm
to grief in the bargains they had made and the
specuations that they had entered into. Indeed.
the innationists OF big and small Try order, whose
plants last evening were consolation doubtless,
to one another, had depended. apparently, alto
.gether on 'points" that had been sold to them by
parties Washington, which points babe them be Of
good cheer and 60 along on the even tenor ortheir
usual dealings. Doubtless II they should be in
vited tomorrow by public advertisement as q few
misled brokers were some years ago, 10 meeting
Of gentlemen who might be anxious to obtain
.'pointsn as to why they did not nave everything
their own way they would attend in body.
why" said one OF them to the reporter, al IVES
never 80 sure Of . thing In my life as was thas
thing, to my mind, pointed to that; every
body conversed with on the subject was
OF the same opinion was, even though many OF
those VINO agreed with me ~ to the probability Of
his signing IL were strong hard money men, But,
what Is more, l had sne very best means OF
nuClng out what the President would do: &C
least thought had-snd good little sum il cost
me. But must say this much, have been badly
sold out and will not depend 10 much ON pomss
hereafter that are furnished exclusively by
FRIENDS OF THE ADMINISTRATION,
who profess to have 2 whispering gallery all to