New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-12-11
TuR TREAsrRY REPORT.

We trust that no loyal American who can
read at all Will fail to study carefully Gov.
CHAsKs Report on the state Of the National
Finances, which we publish in full this morning.
Long Us il is, it contains 10 line that could well
be spared-sta.es no fact that Is not Of deep,
abiding interest 70 our whole people The
achievements and triImphs Of the fuancier are
noiseless and blOodless-they do not dazzle the
eye nor excite the irnaginaton-and yet VIC
hold that Secretary Glasses duties have been
more arduous, have required more slecpless
energy as well as q higher order Of ability, than
those Of any other flnctionary, civil or mill
itary. who has been called 70 al the Pre- ident
in the great work Of surprising t.o slave
hoders' Rebellion. To Weld and impol goat
armies with Kill and success IS a rare aud diff
cult art TO provide the means Of srming. pay
| ing, and subsisting them throughout long snd
terrible war, requires still rarer genius. Had
sll The real ~ competent fnslciers in the couu.
| try been required 10 assume the conduct Of ouI
wasted Finances, oUrenpty Treasurytwhe hen Gov.
Chase did. with the moral certainty eiore'them
Of a Civil War just at hand, in which the National
Expenditures would range from four 10
Eight Hundred Millions per s,.num for ~
least three years ensuing, we are confident thai
nineteen Of every twenty Of them would have
shrunk bach appalled, and afrghted, a. though
required % perform moral unpossibiliios and
bear up for years against daily pressure Of
urgent necessities which must tax 10 the utmost
every faculty and every power Of endurance.
Yet Gov. Chase, though utterly unframed 10
Finance, has met the requirements of his moss
| trying position without dismay, without faltcr-
ing, and with eminent and unfailing success.
Had our Generals in the field eynced il the
average equal courage, capacity and sleep lcsa DC.
yotiOn, the Rebellion would have long since been
crushed, and tho increase Of our Public Debt
arrested. Their doGcienciea and failures have
Compelled nm 10 borrow enormous sums Oh the
heel e staggering defeats, and when the Re
public seemid .9.terios to its fall. The traitor
Cobb had deliberately and Gevih,hly MADE atteI
shipwreck Of the National Credit jlst before he
stole ont Of the Treasury to take his place in the
% heritage Of falling resources and clamorous,
eyer.ez psndng necessities, just when tho bank
ruptcy VI our Government had been proclaimed
on every exchange, and when capitalists who i'll
vest in the British fund q; les than four per
cent interest had refused 10 invest in ourg
at twelve; and now, after borrowing and obtain.
ing credit for some Twelve Hundred Millions Of
Dollar within less than three years, be remains,
o. be began and has continued, master Of the
situation, touching the springs Of National
Credit with rod Of resistless power, and cvok-
ing Sixty to Eighty Millions per month from
sources previously unsupported, a. ifhe possessed
the lamp Of Aladdin. His task, though still ardu-
Gus, has become relatively easy; but when VIC
consider what calls were made upon him on the
back Of Bull Run, Of McClellan's Peninsular
failure, Of Buell's hssty retreat across the whole
breadth Of Tennessee and Of Kentucky,
Of Burnsides bloody repulse at Fred
sicksburg Of Hooker's collapse OF Chan
and in the face Of Ices triumphant
Invasion Of Pennsylvania, We shall realize
that, among The many who have done nobly,
hs task has been more cXacting than that ofhiS
whose sleep, after days and nights
81 peril and priyaton. was swoeteDed By
dreams Of martial glory, and whose presence
among their compatriots was uniformly greeted
by laundering cheers.
We shall owe, according TO Mr.. Chase's calcu-
ations, and allowing tho War TO proceed on the
present gigantic scale up to that time, lcss than
Seventeen Hundred Millions on the lst of next
July,-before which date. VIC strongly hope, the
Rebellion will have been crushed. Let ns swell