Year: 1876




The Elections.


From the Philadelphia Bulletin, Republican,


1t Is likely that the readers Of the later
editions OF to-day's issue OF this paper will
have some definite information respecting
the results OF the elections held yesterday
in the West. We trust that the news may
be more grateful than the promise at this
writing, when there seems to be nothing
to expect but small Republican majority
in Ohio with gain OF few congressman,
q small Democratic majority in In
diana, and decisive victory for the Demo-
Gratis IN West Virginia. We can find no
reason for rejoicing in such result, and
even if the Republicans of Indiana have
elected their Governor by a trihing ma
iority, the party ouside OF the State need not
shout very loudly over the triumph. at the
very best the hard fact will be that after o
desperate contest, into which both parties
flung their best men, and in which they
expended their mightieSt energies, the Re-
publicans, with excellent candidates, the
prestige OF former success, in Ohio ut least,
and the help that has come from the oml-
nous position Of the solid South, have
saved themselves from defeat by chance
so narrow that it can hardly be regarded
without shudder. II there are any men,
bers OF the party who can find in such a
success an inspiration to iubilation and to
certain confidence in the future they pos
sess capacity for being jolly under rather
serious conditions, which is pleasant, even
il it is not sign OF the presence OF solid
good sense.


1t is not at all worth while to try to hide,
under the best promise that is now made,
81 90 hot ay,lyy ho n
party has OF victory in November lies in
the performance Of the hardest kind Of hard
work during the month that now remains
OF the campaign. Ohio ought to have
rolled up vast majority for the ticket
nominated by the party which has made
its popular Governor its choice for the
presidency. Anything less than such a
result indicates that the States which are
not 90 surely Republican and which are
without the direct inducement offered by
the honor conferred upon the first citizen
OF Ohio, are made more doubtful than ever
for November We have got to face the
certainty Of South that is solid for Tilden
and the strong probability that all OF the
northern States which have wavered be-
tween the two parties in the past will help
the solid South to elect its candidates. In
such case there is but one thing to do.
The campaign must be re0pened with new
and intense vigor all along the line.


EFFECT OF THE ELECTIONS IN WALL
STREET-Ne,c York, October 11.-There
were three things to set gold hack this
morning-the acceptance of the armistice
by Turkey, an advance Of in consols, and
the probable election Of Democratic Presi-
dent in November. The latter, it Is true,
was not assured, but the Indications were
more that way to-day than they were yes
terday. Opinions, however, differ as to the
result upon gold Of Democratic success
in November. On the one hand it is con-
tended that Mr.. Tilden's election will result
in such a sharp cutting down OF expenses
and return OF prosperity to the southern
States that the credit Of the Government
will rise at once, and gold fall in proper
ton, while, on the other hand, it is argued
that Democratic triumph means "repu-
diation" and rise in gold to points that
have not been known for years. The ma
jority appears to be decidedly with the
former-that is, in favor Of a better credit,
a more prosperous country at large, and
lower gold, as result of Mr. Tilden's cleo
ton. So far Us the gold-room is concerned,
this is shown this morning; for the returns
from Ohio and Indiana thus far are accepted
in the room as very encouraging for Demo-
cratic success in those States-far more than
was anticipated yesterday-and yet gold has
not only not advanced, but is less f!rm than
Yesterday. The Democrats are in good
feather, and the Republicans more sobered
down than they have been.


In United States bonds to-day there was
large business. The Germans, who have
been pressing them down Of late and crea-
ting an extensive short interest in them,
were the principal buyers-the bonds being
wanted, it is supposed, for. operations in
this market. In London the new per
cent. loan is up to 10S.


Gold has loaned to-day from "flat" to l
per cent. for use.


The stock market is dull and easier. The
short interest being cornered to large ex-
tent, the market is virtually left to take care
of itself, as the bulls show no disposition to
increase their load.