, 1863-10-09
SECRETARY CHASE.
His Wonderful Financial Success,
TIE NEW NATIONAL, RANK
SYSTEM,

| SAAA4A
F.om the New York Indepenacnt o.t =,
Secretary Cbasa has demon.trata3 ~ +hs
nalon It he Is master Of his nosItino M
omcer q the GoYernment has been more d.
Eo1eaEo me interests Of the country, and none
nase ce.n Eose h entirely successfal. He has
ress, DISH, adroi.nese, aud determin4tion Of
| Napoleon. He has happily Disappointed ev.
etybody-h1ends aud eneules. he may have
msde mistakes In administering the aGsIrs OF
be bureau, but they are not now apparent.
noWned, experienced and clear headed, one
ard at, have been compelled sooner or later
| TO yield to him the respect due to superb
OF. His faith In his plan, and his perseTer.
ance In carrying 1t ont, have removed noun
! tasns Of obstacles, and his financial ability
sta1ds, to- day, urqnestioned and uuquestion-
able, In both hemisphe1es.
ever nation needed q n1an-a whole
man-for most Important position, most
| e811ao; aiEa1y emergency, that nation was
% Gus; when the var broke out, all alike, the
tho hopeful, feared speedy and financial
chEos: A chilly dark1eas Of commercial
r. ublss hoyeIed over US, and Il was palpab,e
| that men dared not expect anything but q
plunge into dlsaster and ruin. We wanted
then = patriot. true, loyal, selfsacriaelng.
| gave hin to Us. We wanted more, q lover
ard that want was supplied. We W
wanted still more, unswer7ing deta,nt-
nation and untemptable moral and Christian
We wanted more Jet, man whose honorable
career and record would place him high In
the confidence and affections Of tie people,
and In this Ne were favored. We wan:ed tie
added gifts ofa diplomatfst, business man,
assgacious minister, q wise counsellor, and q
skil1ul tinancler, and We were In all thesa
graciously remembered. a loyal people are
devout1Y gratefnHmo.e and more tlaf1v-
that our worthy Chief Magistrate 80 thought.
fully and 90 promptly sought 'hs aid Of such
rare ADMINISTRATIVE, judicial and financial
net YET finished the stnEendoas worR OK
ccmmltted to bis hands, nor yet done Ill that
will be required Of him in our glorious struy-
gle for Liberty, nor Jet Eeen eYsu d resting
place TOT body or brain, We are, nevertheless,
constrained 70 eay " nell done" aud to teli
him, through these columns, that loyal peo-
mas go noo'y and 80 successfully pus forth to
give US the EoWer-tho financial streogth-so
much needed In bringing our great struggle
to final Victcry.
We desire in this place to speak Of what, In
future, will be called the croWnfpg oct Of The
administration Ct cur worthy Secretary Of
the Treasnfy. We say In future, for NOW the
.E~
1etnlts or the benefits Of his pure currency
banking system. Enough, however, is alrea.
az known to give 1t great popularity, and to
inspire the belief that 1t will, ut no distant
day, prevail In all parts Of the country. We
have been shaved, cheated and robbed long
have been lest, annually, by a miserab1y poor
OF IN entirely worthless currency. Some Of
our States hare legisiated from rear to year
Tor the protection Of the public, and have
done much to guard their interests. On ths
Whole, n re are in greatly improved condI-
national currency which Is entirely satisfac-
tory, or which answers all the purposes Of
business. This is universally admitted by
capitalists, bankers, AID men Of all parties,
we we're greatly pleased during recent jour.
nsJ to hnd-ln paying bills and receiving
or railroad office, "Gtve us greenbacks.'' A |
good city bank-bill Of PHILADELPHIA. Bali.
more or Washington, Was instantly rejected. |
Loyal men and Copperheads all agree On this
question OF the pocket
.adhts TIE Plan m suggested by Secretary Chase aud
uniform currency, is 20 well understood that
we need not now refer to 1t in detail, Already
numerous banks, Under this Law, are being or
gan1zed IN every direction, and very shortly
Me shan begin to appreciate these benefits.
tie new currency, aid are happy to say hat.
as specimens Of artistic skin and beauty, We
never hare seen them surpassed, If equaiIed,
), We will mention few Of the reasons why
the people generally will demandthe prompt
adoption Ct the system Of Secretary Chase,
Will coon have National Bank"
lst. 1t Will give to the people uniform
cErTeucy--as it is designed, In furnishing
banks, to haye the bills Of each denomination
exactly alike.
od 'frha euorov}nor and o,4;-o ,1-r.,..t.. |
oftle blls Will be N the very highest style Of
art, and consequently the business Of counter
feitlng Will be, practically, ended.
sd. Every bill Issued BY every bank-no mat
ter where loeated-wil command the entire
contldence Of the community from one end
Of the nation to the ether, md pass current at
all times, without question.
4th. Each bank will have, rs basis for its
circulation and as unquestionahle protection |
to the pablic, precisely the same security
W: Government stocks.
oh. The faith Of the whole nation-not
single State-wiu be pledged for the redemp-
tlon Of such circulation, and therefore 1t |
Wenld be preferred and sought after In all |
elh. Such q currency would be used as q
Pacific, and would save the country millions |
shavsrs.
7th. No Jealousy Or oppo.ltion would or
eoniu e1lat between the banks, In . time of |
panic, on account ot their relative so1yency |
or safety. A small Institution in Kansas /
would hold up It's head as high as the
York.
sth- One Of the strongest Arguments in
the great strer 9Th it wil give 10 the Gsy.
eminent, by creating. in ali quarters. city
and country a demand for the United States
securittes-- Furnishing . permaneh market
fur at least two or three hundred malions.a
gh. All these National Banks, WHEN es-
labl1shed, may tafely be used IS Government
repositories under the Internal Revenue law:
and also, where there is no Sab Treasury, for
lhe safe keeping Of custom house receipts,
postage money, SC.
and we say again. that the crowning act
md glory CT the administration Of Secretary
;base- as it will appear in hfstory-wil1 be
ne Inauguration Of his National Banking
;IEtem.