Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-11-11

The little band Of plotters headed 6Y Mr.
Blaipe and aided bv Mr.. A. B. Cornell have
retseated one step, but they still stick to
course which will DO sgood deal OF mischief
10 the business interests Of the country and
be utterly upayeiing for sny purpose OF
their oWn. They n0w eoRcede that the re-
ports Of tie vote IRON every accessible
source show 9 plurality for Cleveland in
the State OF New York, and they coneede
that there is no possible hope for Blaine If
he lose this STATE. But they insist that
they have evidence that there has been
"hasd," which evidence they will present
to the courts, and they refuse TO acknowledge
the V~elLknown result until they have ex-
hausied every legal bubble to change 1t.
We repeat thar this can serve no eoneeiya-
be purpose, good or bad. 1t only pOstpones
fer a few days the inevitable surrender, and
gives the defeated party a chance to rail at
the uncertainties OF the law.
But it does have a very considerable ST.
feet on business. Prices OF stocks IN Wall
street we're held up yesterday pretty firmly
H. il near the close OF business for the day,
aud then there were evidences OF great
weakness. This weakness is not AZ all IN
the intrinsic value Of the stocks. 1t IS not
in any anticipated effect OF the election OF
Mr.. Cleveland, or even Of that Of Blaine.
Ii Is simply in the condition of uncertainty
which exists IN the public mind. IL IS IN
the doubt, the vague apprehension, the pros
tra6on of energy, the paralysis OF the power
OF decision, which accompany the feeling
tina; there may be some indefinite but terri
bic 6ispate aud disturbance pending. When
there IS this peculiar condition Of the pub
nc mind several consequences are sure to
follow, Persons who hold stocks on small
Sarg;ns make haste 10 sell lest prices
NAV so lower. Spectators discount the
eveu.s which may come by operating on
The "besr' side Of he market. Investors,
Of whom there is always a considerable
number. withhold their purchases ull they
can be sure that they are getting the loves
rates. Lenders who have money on call on
stock securities get concerned aboa' their
collaserals and call in their loans Or De
maid an increase Of security. Ia every
direction and iron every source 4 thousand
Influences concentrate 10 produce dOlb'
and disturbance and troub.c. These Goa
di,iSns. taken in connection With the tact,
ALREADY existing. tend 10 prodacc a situation
wkere Ianic IS not oGlv possible bat OK
tremel7 likely.
No. can the evils Of sch z state IF thing
be confined to Wall street, or tO.the Specg.
lators in Wall street. They extend, and
rapidly, 70 oil branches ef business. Atten,
ZION is diverted from business matters. Men's
minds are absorbed by the uncertainties OF
the political situation. or by the passions
and prejudices they excite. All ventures.
large or small, are checked. Retailers feel
the ~staguation of demand, and io5bers and
manufacturers receive the effect OF this feel.
ing on the part of retailers. Capital sensi.
tive and ,imid as it alWaysiS, withdraws into
its banks or its safes and refuses to face I'M
necessary risks. The heavy hand Of doubt
is laid on all the complex activities of com
merce and brings them to a standstill. The
result is a ~pecuniary loss that cannot be
measured, and which extends from the great
centres 10 the remOtcst homes Of labor in
the United States.
We have no hope by thus pointing out
the trouble and loss which the foolish ob-
stiuencv of the Blaine managers is bringing
on the country to change their tactics
Their interests are not those OF the Common
peopie. They do not care how much the
merchant the manufacturer, the farmer, or
the laborer may lose BY their course. They
have got into their heads some Wild notion
that 5y legal technically, BY trumPed up
testimony, or by an unforeseen event in the
chapter Of accidents they may succeed in
wiping out the plurality against their candi
date. To have come so near victory and
then lose it; to imagine its fruits were
within their hands aud to see them turn to
ashes before they could raise them to their
lips: 20 watch the rich rewards OF their Ia
bSrs in Office, honors aud pldnder, vanish
ing before their eyes-thiS is more than
they can stand until they have exhausted
their last device. They will have to be al
lowed TO run their course. with this eonsola-
ton Cor hopCst men, that the resistance Of
these schemers will only make their inal
downfall the more complete.