The New York herald., 1876-11-30

.ithough they may not anticipate any serious
..Dlc they prefer 10 be on the safe side ana Will wan
patiently the final result IL is n matter IN which
the business prosperity OF the country Il at stake and
be hoped that action of any rash politicians
viii delay hinder peaceful solution OF The qucs-
ton.
ARNOLD CONSTABLE
A call was made ty HERALD reporter al the whole
sale no use o Arnold 4 Constable Canal street. ma
reporter obtained short Interview with one OF the
RrronrEn-I should liko to learn how the present
dry goods trade compares with that OF former seasons
ia The same time OF thc year
PARrxKg-Business is very much duIlcr at present
than II generally rs at this season OF the year.
REpoRrER--io what cause to you attribute hs SLACK
IN tradey
PARrNER-I hardly know 10 what cause can attriu-
ute II.
RKponrxR-Do you not believe that tho present un-
settled condition ofpolics las had It's effect upon ouy
ersY
pARrxER-The trade is certainly very slack, but !
should prefer give my reasons tor the decline.
WHAT THINK.
With view OF ascertaning the seuse OF bankers,
brokers anu those VINO are au coardH with the man
cal affairs OF the government HERALD representative
tspatched the Offices OF the leading dealers III
ioreg exchange. bankers and brokers--inen whose
comm unication with the home and foreign govern
menls would enable them 10 give clear and concise
view OF tho business stuation-and to report tnc.r
views thereon to the HERALD inc purpose 0. pre-
scnt,ng 10 this journal thousands oi readers
clear sensible u tho situation without passion,
prejudice fear, IN order that the whole country
calmly reading evidence OF deliberate conviction Of
the men materially interested should Judge OF the
feeling, sentiments and determination OF the North IN
Among the hrst who were sought were the members
OF we'll known banking hrm OF Fisk n Hatch, in
Nassau MI Fisk said II was undoubtedly true
that the bonds OF the government uniformly IN such
demand were lower in price than lew days ago, but
he could say that this caused by the existing
complications. The low price OF gold, IN his opnlon,
caused by the great exports ana the shipment o
gold to this side from Europe II was not 10 be ae
that there great uncasiness on account oil tho
critical position Of AFFAIRS here. Capital was
easily scared, and conservative men held OH in
their Investments whenever there was any cause Tor
ALARM ami there were certain persons VINO would
rather take three per cents London than loan their
money ut four and half in this country when there
seemed any prospect Of trouble whereby whole
loan might be repudiatcd There was natural ten
cepcy lust now 10 look on and await the decision of
tho great questions rather than speculate on tho
chances AS for himself. Mr. FISK said, he had no
doubt that all the disturbing Influences would be re-
moved by honest settlement oil the vexed Questions
III Congress: and the Southern people had proved
TO wse patent and sagacous, j. would prove to
DO rather good than evil crisis which had arrived
and that boundary at least would be drawn defining
the right Of the Executive to interfere in purely State
matters.
Mr. j. N Petty abroker IN Southern State bonds, was
called upon by the reporter He stated that there was
nothing doing in soutnern securities 'hat u was I'M
possible negotiate State loans and that the quotations
merely nominal Nobody would Duy except at
great concession and nobody wouia sell cxceps at last
quotations, consequently there was no business doing
or course there great uneasincss about the po-
ltical situation, but the general feeling IN New FORK
was one OF such uncertainty that tho business was
paralyxed Tho spectators will not do anything
ccpt great disadvantage 10 the sellers, ana the
.%as havo Recognized the debts since
,he war in bona Gdes have acted in
good faith and are providing for their interest,
but in such States Tennessee and Alabama there Is
much contention In the latter State certain series
OF bonds granted TO the Montgomery and Euiaula
Railroad are slill in abcyance, the validity Of which
has recently been brought 10 the notice oil the essa-
ture by William Best, the receiver OF the Mechanics
Traders Savings Institution OF the State Of New
York. 1t is believed that notwithstanding the ques-
tionabe by which the grants were made 10 this
road aud tho bonds issued Dy The state they w ul.i,
the receiver but this Is only one OF the vexed qucs-
tions with which the people have TO grapple II live
hope, and believe in an honest governments honest
endcayor pay all honest Indebtedness"
MR.. LoKR KUHN, LoEB CO.,
No, 81 Nassau street, sad tnat the transactions OF
thor banking house had been heavier than dur
ing the last months but that the present uncer
tam state OF affairs had deranged many
laons Ho thought the price OF gold declining 10 l0S
sufficient index OF lhc healthy condition ot the
coantryn ac the exports were Tar IN excess OF the
Imports and this itself condition OF prosper
ity. Their house not disturbed by the political
wrangngs, and he believed trade would 60 on IN It's
quiet ways, whether Mr.. Hayes or Mr. Iildcn received
the majority OF electoral votes Mr.. Wolf. OF the
nim, added his congratulations 10 tao equanimty
OF Mr.. Loeb, by stating that this country
was too great to be ruined by politcans that
ports very large aud that cotton OIL tobacco and
even dried apples would settle the question. Gold
was down. shipments OF the prcc Gus metal were beng
the other side, and sooner or later trade
would regain it's eq ailibrium.
Mr. John r. Cecil broadway banker and
sanch republican, said TO the writer yesterday that
country paralyzed. there was 10 trade doing,
industries were at q standstitL Hc wanted 10
fair stand up lgnt--a fair cvunt-and, Tar he
could see they had been able TO get at that YET
There no business dong; the conservative mon OF
oil parties waiting with baied breath 10 declare
the Republic the empire, and although hc was good
republican, accredned with more tnan The ordinary
back bone he couli not whore he could stand be-
tween his country and tho lawyers construction OF
the constitution.
THE RETURNING
James G.. Reid banker ana broker. No. New
street. is a radical republican He adnied that busi-
ness was paralyzc ont attributed u 10 me lac. tnat
Carolina and Iouisian, he thought that II troops had
been sent luere two years ago tncre would not have
been Returning Board to quarrel over, anu consc-
qucntiy, this vexcd question would have been cmi-
mated IRON the canvass.
Mr. John ii. DAVIS, oI Glcnning Davis 4 Co. No. IL
Wall street, Is. conservative member OF the unon
League, and expressed himself very temper
alciy on the qucslions now asi,atng the
Try. he thought II the outrngcs charged
by CERTAIN New York newspaper we're
true the democrats deserved all The opprobr'um
grano satis until proved. Mr., DAVIS desired anix
The stigma OF false counting where II belonged, and,
especially was dcnuncsatory OF that party feeling
winch would aaopt The motto OF 'FtaiS coronat opus,
or the end crowns the work
Next duor 10 the stock Exchange. on Broad street.
is house vcncrated even by the sntiquarians of
Broad street The gentleman at the heed OF The firm
plainly Indicated stated TO the writer that he
democrat by principle and peccpt, ana that his iathcr
old Ranger" OF New YORK in 1872. His reach
ing in the ola Jackson iilnes-"Nevcr vote
Tor military mar-ncycr vote Tor SOL
der, for solder torgets all the duties
he owes to civil rights Ny iatner, continued tins
white haired banker, Old wnil, and retncni-
bcred his admoni iton when was called upon TO
General Harrison. believe he was ishi, Tor sin
ccrcly think no man who been invested with
supreme military power ever forgets his supremacy.
sGcneral Grant s tyrant because no cannot divest
himself OF his military education, aud or one want
TO teach him that there power superior 10 his-a
power In the constitution that will strip hlm OF his
prerogatvcs and leave him bare aud naked TO be judged
by his people. !"
JAMES sEILGMAy
OF the members oi the Syndicate, No. Il Broad
street, SAID 10 the writer that business naturally
depress Of the late business troubles but
that the outlook very iavorabc the price Of gold
declining owingsto our large exports our i'm
ports and that although political troubles seemed to be
coudng the horizon, everything was really cheerful.
Mr. Selgman pointed great blocks o assaycd silver
bricks they shipping to London and really
seemed, Ia the iulness OF hrs expectations to ndorse
with hearty good Will tho bill he was signing In favor
oil some fortunate creditor.
Mr. John H. Manning is large dealer In Southern
State bonds ut No Now street. He said that hc
no psrcepibIc difference In the price oi bonds since
the Southern complications, although he confessed