The New York herald., 1862-12-25

fifteen or sixteen thousand. The 1r;buass esti-
mats was eighteen thousand. Greeley does not
read his own paper. Our correspondents esti-
mated the loss at from eight to ten thousand
and that now tallies with the official figures.
|
| SEoRKrARx CHAsE's LATEST FNANclA,,
| StHEsE--A RETURN TO CORRECT PRIscrpI.Es.
The Secretary of the Treasury, as we are
informed from Washington, furnished yes
| terday to the Chairman Of the Committee
Of Ways and MANS the plan OF finance
which he considers most available at ths
| present mncture. Its main feature is the rails
ing loen by the sale Of nine hundred million
dollars worth of bonds, at = rate Of interest no
| higher than that which the government is now
paying. Congress has taken Ns usual Christ
mas vacation, and of course thNre can be NO
action taken on the Secretary's suggestion for
the next two weeks but, in the meantime. Mr..
Thaddens Stevens may study and inMardiy di-
gast this financial scheme Of tho secrctary's. 80
sensible and practical, in contrast with his own
ridiculous proposition, aud he prepared, at the
reassembling of Congress, to recommend it to
his committees and to the House OF Repre-
sentatiyes.
This sale of government bonds to the amount
required is, in connection with tho tax law now
ia operation, the only feasible mode Of supply
Ing ths treasury, and at the same time of pro-
tecting the couatry from the evils Of such fur
ther depreciation Of the currency as the issuing
OF another batch of two or three hundred mN-
lion dollars worth of legal tender Treasury
notes-as is sagely suggested by Mr. Stevens
would inevitably produce. We have little
doubt but thas Congress, even with the small
share Of business capacity that we give it credit
for will have sense enough to perceive that
Mr.. Chase is right at least for this once and will
give toshis plan the sanction Of law.
It must be borne in mind, however, that the
government cannot expect the liberal terms
from capitalists that it has hitherto obtained
When they were first called upon to come to
the aidsof the government they were deluded
by tie Secretary Of the Treasury with the as
suranca. that the rebellion would be crushed
out in she space Of three months; and
now, after nearly two years Of hostili-
ties the country finds itself no nearer
to the object Of its hopes and sacrifices,
than. it was when the war commenced. II will
ha.inpossible, Of course, for Mr.. Chase or any
body else to persuade the people ever again
shat the rebellion will be put down within any
short, specified period Of time; and we. are
pretty confident that nothing less than recon
struction Of the Cabinet will satisfy the cautioua
business lnen Of Wall street or induce them to
invest in the bonds proposed to be sold. They
must be convinced that incompeteats In the
council and in the field will no longer Be Per-.
mitted to stand in the way of national triumphs;
and, until they are so convinced, there will be
little use in the Secretary of the Treasury send
ing on his nine hundred millions worth of bonds
to be negotiated in Wall street. Abolition
isis of the Sumner school may imagine that they
can control the policy of the administration;
| but the capitalists Of the country are the men
| who have really that power in their hands, and
who ought to use it fitly and we'll, for their own
| good and the good Of the nation.
| WHAT ARE THE FIRST THINGS GoyERNoR Ssv-
/ MoCR SHOULD DO.--As soon as our new Cover
| nor has completed the conservative organization
of his administration he should at once set
about remedying the evils that have been in
aioted upon us by his republican predecessors,
| One Of his first acts should be to dismiss tho
present Police Commissioners, who have en-
deavorca to convert the force under their COM
mand into mere party machine and means
of defeating the free expression of the popular,
will at the polls. Then he should give the
general government distinct intimation that
the great State Of New York, which has given
such proofs of its loyalty by its immense con-
tributions Of men and money for the prosecu-
ton of the war, will allow no more appoint
ments of provost marshals or arbitrary arrests Of
| It's citizens. Those who offend against the laws
and the constitution should be dealt with as the
laws aud the constitution prescribe We must
have no more Bastiles and lettses de cachet in Q
community amongst whom democratic princi.
! pies are again happily in the ascendant
GovEaSos AyDhsw DiscounAeISe EsIrs,Mnsrs.-oovsr.
nor Andrew Of asaachusetts has again shown his hand
ths time dcouraging onlistmcnts by from the
volunteer to the regular army. II will be remembered
that by order OF tho War Department. issued shortly
after the battle OF Anetam, certain number OF soldiers
from each OF the volunteer regiments to be allowed
TO be transferred TO the rsimens q The regular army
Ts stop was deemed advisable By the generals Of rank
In the affny 70 recruit up tho regiments of per-
manent military force Governor Andrew, who Is hun
drcds Of miles from the seat Of war, and will probably
remain until after his army OF nine hundred thousand
aboonss shall have been recounted sets up his udg
rnen in opposition the Department our gene
| rails, ard has issued circular, copy of which has
been s.nt 10 each .. tho commanding officers Of Massa-
regiments in.the n,d and In many words in
strucs them .to nso every proper means 70 discourage
| the coTps under your (their) commando
| PERSONAL Intelligence.
Espresdont rankin Pierce is in town, and 10 stopping
with friends n tile upper part OF the city. ne
visited the As,or Hugse Tuesday afternoon where
| number Of old friends gave him hearty welcome.
Major General John f. Wool will remain AZ the 81.
Nicholas for the rems inder os tue week.