The New York herald., 1862-10-06

STRIVING TO preserve slavery, auu w
prevent the war from operating its ruin"
and, finally, with Sregretting not TO have the
power Of Louis Napoleon. so as to make coup
d'etat against Congress"
Ii will be observed that most Of these charges.
from shat Of favoring slavery and befriending
the rebels to that of meditating dictatorship,
are identical with those made by the radicals
now dextcrously transferred to Mr.. Seward, by
the argument that Mcclellan is only Soward's
military representative, and Is not responsible
for orders which it is his duty to obey. But the
charges are as untrue OF Seward as of Mcclellan.
Indeed, Mr.. Seward has already refutcd most Of
them by endorsing and signing the emancipa-
ton proclamation of the President, which was,
demands. The other charges rest upon no bet
tor evidence than garbled quotations from Mr..
Stewards diplomatic correspondence, or sopho-
moric plays upon words, which may be witty
but are not logical. The fact in regard to
Secretary Seward is, that his part Of the pro-
gramme of putting down the rebellion was to
prevent any foreign interference; and in this ne
has succeeded. Unlike any other member of
the Cabinet, he has been entirely successful in
his own department; and from this fact it is a
fair inference that he has had but little time or
inclination to dabble in any other Secretary's
business. He is to-day the only popular man,
because the only successful man, in the Cabinet.
lie has done and continues TO do his duty, inter-
fering with no general and with no other Score
tary. The people appreciate both this positive
and this negative merit and it is useless Tor the
radicals to attempt to convince them that
Secretary who has managed to hold all Europe
at bay, and in spite of threats of Intervention
has gained us time to continue and conclude our
war; is responsible for the failure Of the admin
stration But. besides all this, the real culprt
is known, and his fault can be proven. The
radicals are probably right in calling secrc-
tary Stanton "only one of the Presidents
clerks" the mere instrument Of some one whose
| influence controls the President and sha pes the
policy of the war. But this influential per-
sonage is Mr.. Chase, Secretary of the Treasury
not Mr.. Seward, Secretary of State. MIR. Chase,
originally politician from Ohio, is man of
some ability, good address, great tact and re-
| markable cunning. These qualities he has
shown not only in securing for himself seat in
the Cabinet, but in gaining Fictitious reputa-
ton as fnancier, and in doing great deal Of
mischief during this war, while always contriv-
| ing to lay the blame upon some other person.
| lie was, at first, apparently successful in his
| own department, and, IS money is the sinews
Of war, this apparent success naturally gave
4 ia, ~ IL,
to this influence is added that acquired by his
own cunning and address, and that secured to
him by the support Of ali the radical organs
and Of tic radical leaders in ami out OF Con-
gress we can very readily understand how it
happened that Mr.. Chase became the controlling
power in the Cabinet, and was permitted to in
tcrlere disastrousiy with the War and Navy de
partmen,s
We haze said that Mr.. Chases success as a
lnancicr was merely apparent His feat osraising
$i50a 500 900 at the outbreak Of The war when
BucIanans administration had raincd The credit
of The government, was due more to the patriot
ism Of the democratic bankers of New York
Boston and Philadelphia are now called
traitors by Chasc's iriends--than 70 any ability
of his own. The financial system which Secre
tary Chase recommended to Congress, and
which he is generally supposed to have
originated was suggested by Mr.. Stilwcll,
Of New York. and perfected by the Hon.
Mr. Hooper member Of Congress FROM Massa-
chusct,s. This system. which is good one in
Itself Mr. Chase has made evil BY totally mis-.
managing il. The details of his misnanage-
.l.lI h.r,a af,ap ,,.,lI
suffice now to state that Mr. Chase has reduced
Tie credit Of the government twcnty-thrcc per
cent below par, taking gold as the standard;
while. ig the system had been rightly managed
il would have been impossible for government
credit to bc more than seven or eight per cent
below PAR at this time and all the financial an-
noyanccs and insane Wall street specuiations
which now distress the nation would have been
prevented. So much for Mr.. Chases own de-
partmcnt, and his record in the War and Navy
departments is quite as sorrowful. 1t was his
influence which secured to the incompetent
General Mcdowell the command of our army
at the first battle of Bull run and precpitated
| an onward movement. When Mcclellan had
| reorganizcd the army, and was preparing for
| that simultaneous advance upon Manassas and
| Bowling Green which would have ended the
rebellion, it was Chase's influence that derangcd
| the plan. When Mcclellan proceeded to the
peninsula, relying upon the cooperation Of
McDowell's corps, it was Mr.. Chase who again
| interfered and detached Mcdowell from McClel-
| lan's command, in order that Mcdowell
might take Richmond alone. 1t was
Mr.. Chase who, in pursuance of this
scheme, weakened Banks force TO in
crease McDowell's, and thus caused the
Shenandoah catastrophe. 1t was Mr. Chase
whose influence in the Navy Department kept
L Cotnnn odorn Gnldshnrnnnh in command of the