New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-11-01
To-NJGHT ar cO0pKR INSTITUTE.

The business men of New ork will answer
Mr. Belmont tonight. That gentleman has
been rcbuked 50 often, first by the deliberate
Judgment of the business community, and al
tcryard by events, that it need not disturb
him to find that his opinions have no weight.
He was wrong in 1886 wrong again i'll 1850;
ptiablv wrong in 1864, when he allowed sym
pathics with a diSloyal party to form his Judg-
mcnt in financial matters wrong and pro-
foundly diStruSted III 1865, when Democratic
partiSalship still controlled his opinions, not
outstanding the financial rascality of the re-
Dudiating platform and even i'll 1872, when
he tried 10 be right, the came Democratic par
tisanship which caused Mr.. Greeley to be dis
trusted and beaten doomed Mr.. Belmont 10
mis- customary defeat. He has been the obstl-
nate twelfth juror among business men so
very lole that it would probably cause hlIn
greater sacrifice of pride to agree than to dis
sent and get beat again.
TO-uignt We shall have an expression OF
opinion from men who do not allow them
selves to be labeled Democratic, whether
Democracy means hard money or soft, public
faith or reputation. They are men whose
financial judgments have not been formed by
fine chairnauship of National Democratic
Committee. They are men who are usually
criticised as painfully slow, because financial
training has accustomed them 10 wait until
the hour of action Is near before making il
final decision. They are men who hear both
sides, watch the spirit OF each party rs 1t de-
vclops during IA campaign, study the effect OF
each upon public and commercial credit and
business prospects, and finally reach u con-
cluson which, if not always accurate, Is AT least
more likely to be correct than that of those
who leap to the support of anything or any
body bearing the party label. The partisan
shuts his eyes and stuiis his ears with cotton,
AS soon as nominations have been made, and
! from that time To the end permits nothing To
cnlightcn his Judgment The business man Is
! prone to wait until ihc arguments have been
! made and the facts nave been all presented,
| and then, like q true JurynlIn. he makes up MS
mind. He decides against Mr.. BeImOnts party,
| as he has done many times before, but with
! stronger reason than ever. What does he see
! l. That Democratic success means absolute
uncertainty as to the future, at time when
| hc,,ta..rg business and struggling industry
! c.nnol bear new distrdst and need all possible
! security
II. That it involves repeal of the Rcsump-
I non act-a step of bad faith, since that act
| has been accepted as pledge of the nation
| and very grave danger, since there Is no
longer any other restraint against unlimited
/ expansion of currency.
ILL., That this repeal, though formally de-
mandeA, cannot he effected until March 4,
| because Of tho veto power nor after that date
,mtil.a new Congress has organized III Dccem-
( Der, 1877. SO long IL period of constant
wrangiing and doubt would involve great
danger to business.
! ". That Democratic success involves a
Democratic House, controlled by caucus, the
majority in that caucus being from the South
Men vino spent four years in fighting the
! Union are not of all men the safest to protect
its credit.
Y. That the South and West want public
aid for innumerable schemes of improvement,
great and small, involving enormous eXpcnd-
iturc. and that q Democratic caucus will be
more likely to meet the cost by adding to. the
currency than by increasing the bonded debt
VI That the South has vast claims for osSe,
during the war, which caucus controlled by
Southern members will not be likely to reject
Mr.. Tilden admits the great danger, by his
| extraordinary lettef Duu TIC pIohlSeS w 'c''
bills for debts or losses voluntarily liz
"curred . whether he would veto bills fol
losses involuntarily suffered, and successfully
resist his party N such struggle, Is matter
of grave doubt
VII. Whether all these doubts might finally
be dispelled no one can know, and even
the most confident partisan can only guess
But they actually exist they influence more than