The Daily Manchester American

New York.—A letter from a friend in New York city who believes that if Lincoln is elected the "deuce will be to pay," admits that there is no chance of preventing his election. The writer thinks that 70,000 fusion majority in New York city, might swamp the Republican majority in the rest of the State and so defeat Lincoln, but there is no hope of this. He has watched these things too long to be deceived now into the belief that there is any possibility of defeating the Republican candidates.

Our correspondent has great apprehensions of a panic in business matters as the result of the election of a Republican President. He cannot fail to see, however, that Democratic journals are doing their best to create such a panic for political effect. "One more turn of the screw will fetch 'em," Mr. Collector Schell is reported to have said on Friday last, and that is the spirit which actuates the whole class of panic journals and politicians. Business men who see the credit and prosperity of the country thus transferred with it, will do well to ask themselves two questions:

Whether they wish to see the decisive election delayed beyond the 6th of November, and to see this panic kept up by reckless politicians until the 4th of March next?

Whether they can believe that if the design of the panic-mongers now succeeds, we shall ever have another election without having the same pressure brought to bear again?