New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-10

Since JAM I......SgiC85ll9 si27 922ls Gas s334s9
The leading article in Messrs. Samuel Halle, &
Co.'S circular ID upon the report Of the Secretary OF
the Treasury:
The report tho Secretary OF the Treasury anIionsy
loOSs. for, has c0me to hand.
The interest ie in reference to turned principally upon
required for the lii. Recommendations, n reference
thereto have certsuy surprised and generally disappointed
the public. Very different suggestions were expected as
alternatives In fact there be doubt tbs, tho
h d; OF Mr. cn,.e eP9i h we're very dsrs s. b
confidence entirely m'ed In reference 10 his plans Tor
The Influence tha, dominant the lss, and
o,eode his public declason, snd tie ssfuces many re-
idea that he'd connection with operations At the Stock
Eachanse which .olne are unehsTsbe eaongh TO assert
explanations Mr. Chase Is known well grounded
into the scicnc. Of finance he has neither IN his
re- doe. not touch bottom ard i. consequently mld aud
yscsDf and takes npon trust tina, which for the moment
readily see through or di.proye We mus, not forget too
tina. s has double role 10 periorust Of ssprsn for
Department charged with tho duty OF providing for the
wants Of Government The latter Il course yield to
We NUT look for the hey TO HI, conduct qn,s much Ia
his personal motives IS in his Of responsibility in his Of
ths: the moi addf.sed TO ell ia public stations
appeal que much 70 their political aspirations. to their
aud plobs5s influence 81 their Recommendations aud
sosgeson ,aJe record Tor Mr. Che,e to deeAm upon
Congre will take different view of the matter Either
alternative will be likely 10 involve unpleasant results dam
sgrgt all but the party recommending them who thereby
becomes q oracle OF wisdom.
Il 10 universally believed that he Is earnestly In favor Of
further issue Of Demand Notes His recommendations
AssD-t what ell believe be his real conviction viii not
weigh feather with either House. with IN, country.
No email portion Of hs report IL made Of suogium
e states that there il Initiation Of The currency nor In
prices, BttIbusble TO the Demand Notes He doe. not
their limit fully reached He
perfectly well that tho means to support the war can be
r.ised through tho fundamentally Dcmsud Notes
attempt a, tho pTosent time 70 rn loan OF slOoDWO
upon the would Do followed by the most disastrous
results In financial circles
He equally well haows that there e At the pre,en. uomen
on, really open to him lie could thus with
tire safety take the other serns,iye The more completely
sh,oye himself hon responsibiiy he was careful not to
tale the Of the Committee of.Wsys ana MeaIs bat
acted II th- Committee h,d duty function Whatever
ih his Tie result Is total cisagrssmr nt
botw TEA his accommodation ard theirs la other overn.
meuts such radical dhcIonees. although eIisins only
pap er ould lead instant resignation GisI8ss,
ministers bot II l. oftne .olcisms deiects
own that the heed q tho eerrni departments may
be- .n.y At variance with Congress, and DO oil IN their
pow er thWaTt m action, Gnd still intact In their
place. such conflicts vtse small portion Of or
which should bs directed sssiGst q common enemy.
1ho proper snwer 10 Mr. Chase report tho promised
action Of the Committee Of Ways and Means Mr. stevens
tskinf 80 far Treasury conceIped, ground radi
csly Different from that assumed BY NT Chase lie will
recommend i.sue 81 Treasury note. to the smolnt Of
urou Government securities We hsve expectation that
the povon Tor oantns can be carried the reuli will
probably bo bill for tho issue Of Treasury note and their
onssTon into long bond. hearing low rate 81 interest
the olly mode Il sppcars by which VI.
Chase can raise moEey u sI1s snoen. ~thout d'9ronf
the market 10 not ir him bgt Tor the lenders g. dictate
Any seton projects on his part consequently only
needle" Inconvenience and o1s nmpyHs senaliy for AZ
issd.a1aie policy o. TO ssliy political npIs'ioH, Jhe
postpone but cannot, aud presume does NOT really desire
10 pIcy.1i lie ultimate acceptance.