The New York herald., 1862-07-30


vernment should be adapted to our inter
nal trade. Our commerce and traffic with
foreign nations have been entirely changed by
the war. The result is fluctuations in gold with
every depressing news from our armies; but the
internal trade is now prosperous The large in
crease of the receipts of all our railroads and
every line Of traffic shows this conclu-
and the breadstuls of the West eastward
large circulating medium is needed. In
the absence Of three-fourths of the cur
rency in circulation before the war, the gov
ernment can easily issue from three to four
hundred millions Of legal tender notes in its
place. The self-poising system of converting
them into bonds will prevent there being any
excess at any time above the demands of the
country. We therefore approve Of the further
issue Of legal tender notes by Secretary Chase,
confident that it will work to the good Of the
country, and urge upon him not to heed the
walls OF the panic makers, but to look solely to
the financial necessities of the government and
most skeptical must see that onefourth of the
circulating medium Of 1860 is not sufficient at
the present time, and that the issue of legal
tender notes is necessity not only to the gov
eminent, but to the internal trade and traffic OF
the country. But while we approve Of the
financial system of Mr.. Chase we condemn his
negro missions and his outside schemes, which
he, in tho end, will find more than counter
balance the reputation that he has obtained as
the financial agent of the government
------------------
Senator Wilson Nailed Like q Rap to
the Counter.
In a recent speech made at Newton, Massa-
chusetts, Senator Wilson, of that State, had the
boldness to deny IN toto speech he made in
the Senate on the 2sth of March last, and the
substance of which was published in the
HERALD, by telegraph, rs follows:
Mr.. Wilson said he agreed with tho Senator from
Maine lie thought there were $50 900 more men than
needed, and he thought the War department ought
Immediately TO stop cnist,nonts. We also have thou
sands Of unfit for duty, who ought TO bc discharged
tie thought Congress coua uAuake geleras as easily as
il could make them.--ilERAiD, March 90 1862.
In reference to this report Senator Wilson, in
his speech at Newton, says "tbere is not only
no truth, but there is not shadow Of truth, on
which to lay the foundation of the assertion;'
and he goes on to say:-"I have always main
tanned that government wanted more men. So
much, Mr.. Chairman, in explanation of the
false position which the New York HERALD has
sought to place me in, and which other papers
to hunt up the report of the speech of the
Senator, as II appeared in the Globe, the official
paper authorized by Congress to publish the
debates, on the condition that members may
correct their speeches before they appear.
Here it is, Uerbatins ct lite,utim:
Mr. Wilson OF fMassachusetis-Tie Snatsr iron, Maine
Me other day proposed to rednc the naaLor o otho
rised by taw dosr TO FIRE hundred Moraind. ages
Wh him IN that Still We have not been aba :" o" IT,
suggested also that ogat 70 sop stsns aree
10 tho karc and d0ain BEEN 10 hs Har ogcc
and urged the department 10 stop recrnng erery
part OF hs country. We havo had the promise thar i.
should be yet every day, in different parts the
r we h,so ~ m 10y .h Ts men n Dss % a
papers to-! u that III Tennessee and other paris 0. the
country whers oar armies move, We are dilug up the
ranks OF the army bei.c. hare day hundred
and fifty thousand ssndcr the pay VI te goUs,n
mrnt Tran need or sDeit hdps not doaM Of
IL : and think it oiGh 10 be checked II think Me War
Department ,gat pssn1tog orders foybtddng H.
enet Of another soldier the totuaicer force ~ e
limited States until the time shall como when we nscd
them We obtain them any time when need
them. Washingop Globe. March 90 1862.
There was an honest old custom Of mailing
counterfeit quarter dollars to the counters Of
grocery stores. 1t is thus Wilson is nailed. like
a rap, as he is Did he correct or explain away
his speech in the Globe at the time it was pub
lishcdy Not syllable appeared from him on
the subject But now, after the lapse of three or
four months, when the disastrous consequences
of his wickedness or folly, or Of both, are de-
vcloped in the sight Of the nation, and we call
public attention to the fact, he unscrupulously
denies that ne ever made any such speech. and
declares :--.' have always maintained that the
government wanted more men. There is not a
shadow Of truth on which TO lay the foundation
of the assertion" What assertion? Why that
he said we had one hundred and fifty thou
sand more men under the pay Of the govern
ment than we needed or could well use' Can
the force of unblushing impudence further 90 !?
Is il not clear that the Natick cobbier ought to
have stuck TO his last and never left the bench
How long are the halls Of Congress to be dis
graced by such demagoguess Ii is bad enough
that the self-constituted organs Of ''ths infer
nalsr should be tolerated in their reasonable
attempts to break down the government and the
Union generals by such misrepresentation as
that only a handful of rebels and few Quaker
guns at Centreville scared Mcclellan, with his
magnificent army. SO said the Tribune. But
when Senator'S like Chandler give utterance to
the same audacous falsehoods in Congress, and
when Senator like Wilson, Chairman Of the
Military Committee, on the basis of these con-
cocted stories, declares that we have l5O, 900
men more than we need while our armies are
repulsed on every side from want of sufficient
numbers, this is still worse and far more crimi-
nal Congress, the government and the coun.
try are deceived, from the fact that Wilson
is Chairman Of the Military Committee, and
ought to know the matters Of which he speaks
He said "recr'liting ought TO be stopped" and
.she had been over and over again 10 the War