The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1880-11-16

Il win be seen that stocks have been
declining ever since Tuesday by reason
of the general belief that Gen. Garfield
was chosen - the election held on that
day. The natural result Of this belief has
been decline of MI Glasses Of securities
It il true that Stockholders, who figured
during the canvass rs the " business
classes" predicted contrary result. But
the investors, whose instruments the stock
brokers are, are aware that the election
of Garfield would check all the industries
of the South, If the sectional programme
which was laid down by the advocates of
Garfield should be carried out, or if any
serious attempt should be made towards
carrying it out, and it is, Of course, the
opinion of these investors which actually
fixes the market and which has now de-
pressed the market.
If the premise that Garfield is elected
President were established, the conclusion
that securities are less valuable than they
were before would necessarily follow. But
it is entirely premature, to say the least,
to assume that Garfield 10 elected. That
assumption was made by everybody, it is
true, on the day after the election. But
on Wednesday the "apparent majority
on the tace of the returns % was alone
known, while the means by which the ap-
parent majority was secured were of course
not known. Since Wednesday evidence
upon this latter point has been accumu-
lating-and more will undoubtedly be
elected. What the effect Of it will be
upon the minds of members of Congress,
who are to Judge whether the votes of
States shall be received or rejected, re-
mains to be seen; but not until Congress has
passed upon the returns can it be known
that the calamity of the election of sec
tional candidate upon sectional pro-
grAmme has actually come upon the
country.
Four years ago, it may be remembered,
twas generally, indeed almost universally,
believed for some days after the election
S3s.--
General Garfield At the present time, Mr..
Tilden had an apparent majority on the
face of the returns. One Republican pa
per, indeed, maintained in a second edition
on the morning after the election that Mr..
Hayes had been elected, but the claim
was derided by everybody as preposter-
ous. Yet when Congress met, Congress,
or rather the commission to which Con-
gress had delegated the duty, decided
that the Republican newspaper was right,
that the otherwise universal impression
was wrong, and Democrats throughout
the country Submitted peacefully and pa
triotically to this de cisiOn, just as Repub-
licans thoughout the country will submit
peacefully and patriot ically to the decis-
ion of Congress if Congress finds that the
popular impression which undoubtedly
prevails now, that Garfield is elected, is
as unfounded as the impression which pre-
vailed in November, 1875, that Tilden
had elected.
The antecedent probabilities in favor Of
such . result seem to be considerably
stronger now than they were then. The
apparent Republican majority on the face
of the returns in this State, for example,
is between 1000 and 10000. The ap-
parent Democratic majority on the face Of
the returns in Louisiana was in 1875 some
5000, which, compared to the total vote
of the State, is equal to . majority of
more than $4,000 in the State of New
York. So large was it, indeed, that there
was at the time, as may be remembered,
general disbelief that it could have been
obtained bv unlawful means. In order to
convince doubters General Grant, then
President, requested several persons,
among them General Garfield, lately the
Republican candidate for President, to
visit Louisiana and witness the count
that they might be able to assure the
country of the fairness with which the
State Canvaasers did their duty. The
value of General Gar6eld's assurance that
majority of 5000 in total vote of 1s0,-
600 might be obtained through fraud and
iutimidstiOn ID established by q letter
which, he wrote to his friend President
Hinsdale jnst aRsr receiving the Presi-
dent's invitation. In this letter he ex-
pressed his fear that he might be assO-
ciated with come nnscrupulous politicians
who woaId hs wiling 70 count our side
in, right or wTong," and implied HIS par
pose not 10 he Q party 70 their wicked
schemes Bot even General Garfield.
vhen h aznypd in Loeiaiana, Was con-
vineed tAat this large majority had been
oheaiasd BY the viIest means, and 20 Ger
tiEed - the ceantry, - be afterwards
certified 70 the country when he safe as Q
msmher sf he Rlestoral Cemmisaion.
I. Is vin Be admittfd shat . msiority Of
| 20, 900 O > tetal yeeeof ], 20, 90 j. macA
more lihsly - be obsainsd throsgh fraud
| ssd intimidatipp thaa = uajoeiay Of 5000
| ina toeal yets of le0,0 600, WAsther the
naisRity ~ New Iork hss heen ebsained
hY sneA mesps isA ansesien of hcA On
whick Q1nnEem Mn Aays a p and -