The New York herald., 1863-01-14

1t, East and West-not in petty and unimport-
ant out of the way enterprises, but against the
strongholds of the rebellion and against its
principal armies in tho field Push forward to
victory, and. when a victory is gained, do not
rest upon it for month or two and thus lose
all the advantages obtained, but follow it up,
like Napoleon, and gather its fruits in the active
pursuit of the enemy till his demoralized forces
are dispersed or captured.
| The rebel army of General Lee, in its pur
suit of General Pope, depended upon the
chances of feeding itself from our provision
trains. and, getting in the rear of Pope, sue
ceeded in capturing large amount Of supplies.
| Why cannot our generals, after positive vic
tory, follow this example, instead Of Civ
ing the enemy time to recuperate, while
we are collecting cumbersome train Of pro-
vision wagons? If I'VE could speak III a voice of
thunder, we would thunder it in the ears Of
President Lincoln that military success" can
alone save him and the country; that now is
the golden opportunity for action; that he has
now the men, the means and the facilities of
all kinds for decisive winters camp agn, but
that campaign of petty or halfway victories
against great defeats and failures will never do.
If the trouble is in his Cabinet, let him recon
struct his Cabinet Let him cast all personal
considerations to the winds, and look to the
salvation of the country as depending upon this
winters campaign; for upon its issues in the
field depends the life or death OF the nation.
| Secretary Chase's Mission To New
York.
| The honorable Secretary Of thc Treasury ar
rived in New York last Friday, on an important
financial mission. During his stay here he has
held two or three financial conuersatsioaes at
the residences Of Mr.. Cisco, the Sub-Treasurer;
| Mr.. Russell, the banker and others: but, be-
yond little Wall street gossip and friendly in
tcrchange Of opinions, absolutely nothing has
been accomplished. Our Wall street magnates
have been quite willing to talk, but not so
willing to bring out their money. On the con-
| trary, we suppose that by this time Secretary
Chase is perfectly convinced that, with the un-
important exception of few special contract
| ors, the bankers and fnanciers of New York
are emphatically opposed to all his financial
schemes, and will not consent to aid them in
any form whatever. Upon his arrival at Boston
tomorrow Secretary Chase will find the finan-
| cers there of precisely the same mind. The
capitalists of New York, Boston and Philadel-
pha are united in regard to this matter, and
with the experience of the past before US we
cannot at all censure them for their want of
confidence in Secretary Chase.
When the honorable Secretary of the
Treasury came to New York last year
he made speeches to our bankers brok-
ers and editors, pledging himself that
his department should be properly ad-
mnstered, that the war should be vigorously
and constitutonally conducted and that we
should soon be relieved Of any trouble about
finances by continual successes in the field and
a speedy restoration of tho Union Upon these
pledges Secretary Chase was supplied with one
hundred and fifty millions Of dollars, our bank
ers taking inc sevcn-thirty Treasury notes, which
proved to be only the shower preceding the
deuge Of paper money with which the secre-
tary has since swamped the country. Imme
diately upon his return to Washington, Secretary
Chase began to nullify his promises by inter-
fering with the war and intriguing against the
| generals in the field. Our brief bright CLEAN
of success soon vanished, therefore, like flash
| of sunshine on = cloudy day. Then, as if
farther to complicate our affairs, the Secretary
was foremost in pressing upon Congress the
passage of the Confiscation bill, and upon the
President the issue of the emancipation procla-
| nation. Meanwhile unable to manage 80
many departments at once Secretary Chase
| allowed our finances to become grossly confused
and involved, until now he can suggest no
| other remedy than another food Of paper
| This homeopathic idea that "like cures like,
and that the sovereign pauacea is to make bad
worse, will hardly succeed in finance, however
well it may do in physic. Already, in antcipa-
tion of the passage Of Mr. Spauding's bill, the
| Wall street speculators are in high, highty
| fever, and if three hundred millions more paper
money be issued the consequences may be most
| disastrous.
1t is evident, therefore, that Secretary Chase
has broken all his promises and violated all his
pledges and our capitalists will not trust him
again. AS for the special contractors who are
making fortunes out of the losses of others, they
may dine the Secretary sumptuously and wine
him deliciously; but that will put no money
| into the national purse. Either there must be
| O change in the personnel Of the Cabinet and
the policy Of the government, and Secretary
of the Treasury must be selected who deserves
and will receive the confidence of the capital
lists and the people, or else we must submit to
another issue of Secretary Chase's paper; and
the result Of that misfortune it is only too easy
to predict
CURIOUS vISDIcATIoN OF GENERAL HALLECK By
Hrs FRENDs.-A letter appears in the New
York Times Of yesterday in which it is attempt
ed to vindicate General Halleck from the re-
sponsibility Of the Fredericksburg disaster
after the following fashion,
General Halleck approved the route to Rich
mond by way of Warrenton and Gordonsvillc.