Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-11-23
Political News OF ImPOrtance-Judge
fancy MISUNDERSTANDING Chase


We learn from reliable authority that the resig-
nation Of Chief Justice Roger B. fancy is now in
the hands of the President. We also learn that
the resignation Of Mr. Chase as Secretary of the
Treasury is also in the hands of the President.
Mr. Chase, il is understood will take the place of
the Chief Justice shortly after the meeting of
Congress.
Mr.. Lincoln has thus disposed of his only
dangerous rival for the nomination for the Presi-
dency by the next Republican National Conven-
ton. The radicals will now have to take Mr..
Lincoln.
THE father of greenbacks," as if conscious of
the bad character his financial children will one
day bear. leaves them in their infancy, and takes
4 position where he can look with composure upon
the distress that his in the Treasury will
undergo in trying to bolster up and sustain the
credit Of his offspring. He fees from the storm
be sees coming. and secures for himself a life
estate. where, If safety is anywhere, it can be
found there Cincinnati Enquirer.
This news may be reliable, but We doubt
whether s-the father of greenbacks' VIII be will
ling to thus relinquish his aspirations for the
Presidency. Mr.. CHASE is ambitious, egotistical
and bold He will surrender his hope of be-
ing the successor Of Mr. LINCOLN until he is sat-
is6ed of its fruitlessness- When that conclusion
is reached, bis selfshness, and there is no public
man in the country more thoroughly so, may in
duce him to accept position which at one time
in dignity and impudence was not second to the
Presidency.
Mr. CHASE delivered himself of a speech in
this city few weeks ago which doubtless ex-
planned his ideas upon finances. He said it only
required courage" meaning we suppose audacity
impudence to accomplish just what he has
done "A directing the financial affairs of the
country. To make money, or rather currency
cheap. according to Mr.. CHASE. it only required
the courage" to issue "greenbacks." He en-
pIoyed the engravers and purchased the paper.
and that he pronounces the courage" necessary
TO furnish the government with the facli
ties to expend two and a half or three
millions of dollars day. That is the extent of
Mr.. CHAsE's financial skill He furnishes credit,
paper promies to pay, to meet Indebtedness
That experiment has been often tried England.
and France, and Austria and Russia have alike
resorted TO that expediency to sustain exhausting
wars and what has been the result
The answer is immense public indebted
ness and heavy taxation, which fall
heavily upon the laboring and producing
classes. Mr.. CHASE has invented nothing, he has
made no discoveries. As all indebted nations
have done. he has mortgaged the resources and
the producing labor of the country for all time to
come 10 meet the exigencies of the hour. He is
only following in the footsteps of the tax-ridden
nations of the old world As long as credit lasts,
Mr.. CHAsE's plans of borrowing will go on swim
ingly, but there must ere long be day of reck-
oning, and then will come financial reverses,
ruin, and grinding taxation to ray the cost of
the present fiddling As the Enquirer suggests
Mr.. CHASE may have the sagacity to foresee the
evil day not far distant. and by getting of the
way attempt TO throw the odum and conse
quences of his follies upon his successor
in Office. In that event, Supreme Judgeship
will not save him from the execrations Of his
eountrymen. We presume that every effort will
bemade by the Administration TO defer the finaD-
cial revuIsion which is bound to trauspire until
after the elections of next year. This will be
done if possible, no matter at what cost. These
efforts to put off the evil day may be successful,
but the attempt TO DO 50 will only increase the
burdens and disasters which must follow. The
people should not be deceived in this
regard. Ii they exercise their common
sense and will be governed by the teachings of
the past they viii not be. The decisions Of the
day cannot last. but the longer they are procras
tinated the more bitter will be their results The
present evils Of the country have been brought
upon il by the ambition and ayarice Of men. and
even when the nation is undergoing its present
terrible ordeal the great interests Of the country
are made 70 yield TO such considerations. How
long will people be deluded whose proud boast
has been that they are capable Of self-govern-
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