The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1863-10-15
SECRETARY CHASE.
His Wonderful Financial Sue.
cess-.His new National Bank
system.

His Wonderful Financial Sue.
cess--His new National Bank
System.
From the New York Independent, October 9.
Secretary Chase has demonstrated to the
nation that he is master Of his position. No
officer of the Government has been more de.
voted to the interests Of the country, and
none have been more entirely successful.
He has performed herculeao labors with all
the coolness. dash, adroitness, and deterni.
nation of Napoleon. he has happily disap.
pointed everybody-friends aid enemies.
He may have made mistakes in administer
ing the affairs Of his bureau, but they are
not now apparent. Financiers and capital
lists, intelligent and renowned, experienced
and cIear-headed, one and ALL have been
compelled-sooner or later-to yield to him
the respect due to a superior. His faith
in his plan, and his perseverance in carry
ing it out, have removed mountains of ob :
stacles. and his financial ability stands to.
day, unquestioned and unquestionable, ia
both hemispheres.
II ever nation needed mans whole
maR--for most important position, a most
extraordinary emergency, that nation was
ours. When the war broke out, all alike,
the timid and the faithless, the courageous
and the hopeful, feared speedy and financial
,h,Iixx Ic~l-ro,c - L.,
cial troubles lowered over us, and it was
palpable that men dared not expect any.
thing but plunge into disaster and ruin
We wanted then patriot, true, loyal. self
sacrificing, entirely devoted to his country,
and God gave him to us. Wewanted more,
lover of freedom, justice, and humanity,
and that want was supplied. We wanted
| still more, answering determination and
untemptable moral and Christian principle,
and there we were not forgotten. We want
ed more yet, man whose honorable career
| and record would place him high in the
confidence and affections of the people, and
in this we were favored. We wanted the
added gifts Of a diplomist, business man,
a sagacious minister, wise counsellor, and
skillful financier, and we were in all these
graciousIy remembered. A loyal people arc
| devoutly grateful-more and more daily =
that our worthy Chief Magistrate so thought.
| fully and so promptly sought the all Of
such rare administrative, judicial and finan-
cial talent. And although Secretary Chase
has not yet finished the stupendous work
Committed to lis hands, nor yet done all
that viii be required Of him in our glorious
struggle for liberty, nor vet seen even a
resting place for body or brain, we are, new
ertheless, con strained to say well DONE"
and to tell him through these columns, that
loyal people will not forget the unparalleI-
ed efforts he has so nobly and SO success.
fully put forth to give US the power-the
financial strength-so much needed in
bringing our great struggle to afinal victory.
We desire in this place to speak of what,
in future, will be called the crowning act of
the administration of our worthy Secretary
of the Treasury. We say in future, for now
the people cannot or do not begin to estimate
the results or the benefits Of his pure cur
rency banking system. Enough, however,
is already known to give i! great popularity,
and to inspire the belief that it will, at no
distant day, prevail in all parts of the coun-
try. We have been shaved, cheated and
robbed long enough. Millions upon mil
lions of dollars have been lost, annually, by
a miserably poor, or an entirely worthless,
currency. Some of our States have legis.
lated from year to year, for the protection of
the public, and have done much to guard
their interests. On the whole, we are in a
greatly improved condition ; still we have
no currency except our national currency
which is entirely satisfactory, or which an
swers all the purposes Of business. This is
universally admitted by capitalists, bankers,
and men Of all parties. We were greatly
pleased during recent journey to find-in
paying bills and receiving changc-that
everybody said, either at hotel or railroad
Office, " Give US greenbacks." A good city
bank.bill of Philadelphia, Baltimore or
Washington, was instantly rejected. Loyal
men and Copperheads all agree on this ques.
ton of the pocket.
The plan suggested by Secretary Chase,
and adopted by Congress, to give the coun-
try a uniform currency, is 80 well under
stood that we need not now refer to it in
detail. Already numerous banks, under
this law, are being organized in every direc-
ton, and very shortly we shall begin to ap-
preciate their benefits. We have seen
drawings and proof.sheets Of the new cur.
rency, and are happy to say that, as speci-
mems Of artistic skill and beauty, we never
have seen them surpassed, il equalled.
We viii mention few Of the reasons why
the people generally will demand the prompt
adoption of the system Of Secretary Chase,
and why every locality Of much importance
" i'll soon have National Bank"
lst. II will give to the people uniform
currency-as it is designed, in furnishing
banks, to have the bills of each dsnomina.
ton exactly alike.
I'd. The engraving and entire workman.
ship Of the bills viii be in the very highest
style Of art, and consequently the business
~ ~o..rxc-en;x:r- iii L.