Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1861-12-28
The Secretary OF the Treasury and the New
Work Bank Managers.

ASha A3nAA
From the New York World. Dec. 21J
At the meeting of the bank managers, held at
! 10 O'Clock this morning, at the American Ex-
| change Bank, Mr.. Chase addressed them in a
speech of some length, which was eminently sat
| ~isfactOrY 10 all present, and well calculated to
| ailay any uneasiness which may have been GRE
ated by the unfOunded rumOrs of a bank suspen-
sion, which were published in the columns Of
certain Journals in this city, Mr.. Chase stated
that the loans already taken by the banks would
furnish ample means Tor all government wants
until the middle Of January, and that he had no
doubt that signal success by our army and navy
would be realized before it would be necessary
to apply to them for their decision respecting the
S]50,0OO,000 loan of which they held the refusal.
He stated thai the military and naval plans were
working 10 tine entire satisfaction of the Presi-
dent and Cabinet, and within six weeks their
results would make apparent to European gov
eTnmeuts that their interests were identified with
those OF the loyal States, and not w,sh he south
ern rebels. The Secretary was emphatic and
positive in his assurance that the Mason and
Slidell affair would be arranged ppaoeab!y and
honorably, and without difficulty with Great
Britain.
The Secretary expressed his own personal
kindly feelings and confidence in the bank man
ayers, both as regards their wisdom and d.Sin.
toICotci !ANl4JL-a4sit anu t4lNt htItA btGlLGt ana
energetic sctjGn IN a1OrdiDg material aid 70 the
government, was Justly appreciated by the Pres
ident and Cabinet. lie stated that he had every
confidence of being enabled to arrange his fu-
ture financial operations agreeable to them aud
with advantage to the nation, and was willing
to accommodate his demands, Is ,ar as consist
ent with his pyE,iG duty, 10 meet their wishes.
Inc whole tone OF his address and conversation
the CITY since his arrival nave been a pre-
emptOry veto OF .be principles which would ad-
Yocate paper currency theories or any departure
from the sound principles Of finance, which
framed the sub-treasury law, and which are so
well expressed in his la7tIeJort. MIR. Cha. -eIs
that a solemn charge rests upon ann in steering
the national hgTk Though this storm in our his /
tOry, that our revenue and financial policy is
vitality important, and is, therefore. willing to
hear the opinion c. al Ih1se whose experience
and position e1t,tle tlam 70 respect; but, with
the help of Z clear intellect and sharp reasoning
faculties, Mr., Chase determines for himself the
policy deemed mos; desirable for the nation.
The Secretary today agreed to the arrange
ment of details requested by the bsnks, which
were unimportsnt points respecting the pay
nents and reiI~l5dtsCments.
There were no discussions on future loans. or !
suspension Of specie payments,
We have authority tcT stating that the Secre-
airy goes EOt contemplate proposing any plan for
IN irredeemsble paper currency, as stated in a
paper, nor to recommend the prohibi-
ion Of exports OF specie to foreign countries.
The visit ofAir. Chase and his conference with
iur bankers have been productive of benefit 10
10Th, in bringing about a better understanding
expecting our present and future financial move
and they have also had a very happy eff
ect on our markets generally, and viii, douLs-
terd to increase confidence IN the public
mind. Mr.. Chase aCts wisely in bringing him
eff sc frequently in contact with the business I
len o. -four latge cities. i
The mischievous attempt by certain parties
nd their newspaper organs to create a run upon $
ur banks, inIthe hope Of forcing them into sGs- r
ensiou In order to embarrass government loans >
nd obtain an ireedeemable paper currency, has /
eounteraeted to some extent by this visit Of +
Ir. Chase, although the false rumors have done r
Jury in shaking confidence, as may be seen in q
e Baltimore bank meeting, called under the inn
.sssion that there was ruth in them, II