Wood County Reporter

[Signal Fear?]

The city article of the London Times of Sept. 5th, notes a rise of three per cent. in the rebel loan. This rise it says was in consequence of private telegrams received from New York respecting "the increasing prospects of an armistice," and that McClellan was certain to receive the nomination of the Chicago Convention. The nomination of McClellan gives the rebellion renewed credit abroad!

The New York correspondent of the London Times, who is in full communion with the Democratic leaders in that city, and knows their views and purposes, writes on the 27th of August last:

"According to the latest information I have received from Chicago, the chances of Gen. McClellan for the nomination are better than those of any other candidate. He is understood to have explained away some passages in a recent speech, which originally conveyed the impression that he was in favor of war for the emancipation of slavery, and to have otherwise made himself more acceptable than formerly to that great wing of the democratic party whose whole sympathies are with the South."

The London Index, a paper established and edited by the rebels, and their European organ, has a long article in its issue of Sept. 10th, on the probable action of the Chicago convention and its consequences. It says McClellan will probably be the nominee, and that, if elected, the Democrats will probably attempt to bring back the South by "giving her all she asks," This, it says, will be idle. The South will accept no armistice without the raising of the blockade, nothing less than independence.

Henry S. Foote, a member of the Rebel Congress publishes a long letter in the Richmond Whig of the 5th inst. on the subject of the Chicago platform and nominations. He regards the platform as an "out and out peace platform." He says: "Though the most earnest desire is expressed for the restoration of the Union by peaceable means, there is not the least hint of intended constraint of any kind whatever." Of the proposition for a convention of States, he says: "This ought not at all to alarm us; no coercive instrumentalities are to be resorted to to compel us to a reunion. * * * In relation to the danger of our people being seduced by the conventional expedient into reconstruction under the Federal Constitution, those who fear this can know but little of the character and settled opinions of our people." Of the candidates he says: "McClellan's general availability as a candidate is undoubted; his willingness to run upon a genuine peace platform commits him fully as to his future action in the event of his election, and his association with Mr. Pendleton of Ohio, whose outspoken peace proclivities are so well known, 'make assurance doubly sure' in regard to the course of any administration at the head of which he might be placed."

Mr. Foote after expressing his confidence in the election of McClellan, closes his letter by predicting that if he should be beaten, such of the Northern States as are carried for the Democratic ticket will secede and "seek alliance with the Confederate States."

We commend the above facts to the earnest consideration of Union Democrats.