Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1861-12-25
mr.. chase ana = !. I enc me Ssw swss.:s xorFs
The World Of Friday Dec. 90, says:

The World OF Friday, zee: ~, says; - b,
at d meeting Of bank managers, held at ter
O'Clock this, morning, OF, the American Ex'
chang Bank, Mr.. Chase addressed them in
speech Of s5me length, which Was eminently
lBatisfactorY 70 Glpreaept, and well calculated
| to allay any upeAsipess which may have been
created by the. unfounded rumots Of q bank
suspcnsion, which We're published in the col.
umns Of certain jourdals In this city, Mr
Chase stated, that the loans, already taken Ry
the banks would fur1ish ample means 70, al
Government wants until the middle Of January
and that he had no doubt that signal successes
| by our army and navy would be realized before
It won ia be necessary to apply to them for their
decision respecting the $56,OOO,OOO loan ssoi
which they held the refusal. Heetated that the
military and naval plans were working TO the
Ieutire satisfaction flhe President and Cabinet,
and within six weeks their results would make
apparent to European Governments that their
Il interests were identified With those Of the loyal
States, and not With the Southern rehes. The
Secretary was emphatic and positive In MS as
surancea that the Mason and Slidell affair
would be arranged peaceably and bonorably, and
without difficulty With Great Britain. The Sec.
Rotary -expressed his personal kindly feelings
and confidence il the bank managers, both al
regards their vision and dIsinterested patti
otistn, and that their prompt and energetic 40
/ ttion In affofding material aid 70 the Govern
mens was justly apprscased by the President
and Cabinet. n y, no, -..I.4 d
Ii6 stated that he had every confidence O
being enabled to arrange hia future financial op
eratiOns agreeably 70 them, and With advantage
| TO the nation, and was willing 70 accommodate
his demands, So far as consistent with his public
duty, to meet their wishes. The whole tone o.
1 ona- tfons 10 Nftv einnr
his arrival has been peremptory veto on the
principles which would advocate paper CURRENCY
theories or any departure from the sound prin-
clplesof finance, which formed the sub!treasury
law, and which are so we'll expressed in his last
report. Mr.. Chase feels thata solemn charge
rests upon him in steering the national bark
through this storm in our history, that our rev
enue and financial policy is vitality important,
and therefore ia willing to hear the opinions Of
all those whose experience and position entitle
them to respect; but, With the help of Q, clear
Intellect and snsrp reasoning faculties, Mr.
Chase determines for himself che policy deem
| ed most desirable for the nation. -
The Secretary to-day agreed TO the arrange
ment Of details requested by the banks, which
we're unimportant points respecting the pay
ments and reimburserns - ..,.,......i
There we're no discussions on future loans OF
suspension Of speciepsyments. 5.,lLl,l
We have authority for stating that the Seere
tars does not contemplate proposing any plan
for an irtedeemable paper currency, IS stated
Tia q morning paper, nor TO recommend the
ptohiRitlon Of exports Of specie to foreign
countries 10 a ,.s.yy Y " \
The visit of Mr. Chase ana bis conference
with our bankers have been productive OF ben
eft to both, in bringing about better under
standing respecting our present and future finAn-
cial movements, and they have also had very
happy effect on our markets generally, and will,
doubtless, tend to increase confidence In the
public mind Mr.. Chase acts wisely in bringing
himself SO frequently in contact with the busi-
ness men of our large cities. d ''- .t.f-'e-