The New York herald., 1862-02-06

commended by the Executive Department and
by Mr.. Stanton, and Senator Grimes said that
the Secretary of the Navy had been to him .
dozen times to urge the passage OF the measure;
yet the gross ignorance and stupid partisanship
of Mr. Morrill, of Maine was permitted to over
rule the wants of the country, and motion OF
Mr. Clark of New Hampshire to recommit the
bill was quietly acquiesced in This is simply
monstrous. There is no conceivable palliation
for such want of patriotism and promptitude
nor can it be explained in any manner credit
able to the majority in the Senate, and the
Naval Committee.
Day by day, the country has been looking
relation to the embarrassed state Of our ma
tional finances. Immediate action" urges
Mr.. Chase, sis Of great importance.
The Treasury is nearly empty. I have been
obliged to draw for the last instalment Of the
November loan. So soon as it is paid, fear
that the banks, generally, will refuse to receive
the United States Treasury notes" Mayor OPP
dyke represented the whole enlightened senti-
ment of the North when he wrote" Unless
the heavy floating debt Of the government shall
be paid with reasonable promptitude, and its
rapidly accruing liabilities provided for, it
will soon be found difficult to obtain supplies
for the army at any price. Every days delay
is attended with grave danger to the public
credit" In face Of these terrible facts, well
known, thoroughly understood, by every mem-
ber of Congress, Mr.. Morrill, of Vermont, the
chairman of the subcommittee on the tariff,
of the Committee Of Ways and Means Of the
House, ventured to set himself in opposition to
the entire public sentiment of the North, by
decrying Mr.. Spaulding's Currency bill in a
manner calculated to postpone legislation ON the
subject for another week. Mr.. Roscoe l.. Conk-
ling followed him in TRADE against the mea-
sure an irresponsible, malicious outpouring of
venom against the head Of the army, and q
shallow, worthless substitute Of which the clear
purpose also is to delay legislation, and plunge
the administration into situation of inextri-
cable embarrassment.
The fact cannot be too strenuously enlarged
upon that the blatant tribe Of abolitionist war
riors who have themselves omitted no opportu-
nifty of attacking President Lincoln and General
Mcclellan for want Of vigor in the prosecution
of the war, have been the very individuals who
have most resolutely persisted in refusing to
vote the means for carrying on hostilities. In
order to indulge in personal or fana-
tical malice, they have persevered in
leaving the country without defence, in case
of such complications with European Powers, as
have ceaselessly been threatening Us ever since
the meeting of Congress. But for Hale and his
colleagues, iron ships, according to his own ac-
acknowledgement, might have been already far
advanced in process of construction. But for
Messrs. Morrill,, Stevens, Conkling and their
associates the finances Of the nation would now
be established upon firm and secure basis,
and the CONSERVATION that prevails in monetary
circles would long ago baye been dissipated.
Congressional agitators are wholly responsible
for the major part OF the obstacles to success
full prosecution Of the war, and it is impossible
to avoid the conclusion that their purpose is
predetermined to prevent re-establishment of
the authority Of the constitution over the whole
land to force ON acknowledgment of the indie.
pendence OF Southern confederacy; and to
place North America, for all future time, under
the tutelagc Of foreign Powers, hostile to our
institutions and envious of our greatness. Again
we repeat, let Congress beware, for the people
are weary and disgusted with its torgiversa-
tions /; and in the fearful crisis in which the
country is involved, an emergency is far from
impossible, which will justify the Executive in
acting without the Senate and House of Repre-
sentstives, and adopting, in measures Of finance
and defence, such measures as the exigency Of
the case demands relying upon future and
more enlightened Congress to justify and legal
&c its acts.
THE WALL STREET BANKS WORKING AGAINST