New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-07-07
MIR. CHAsE,s RESIGNATION.

maintain entire silence with regard to his re"-
sons for resigning the control OF the lrea'ui'
DepaItment: but when his enemies, oeng also
the enemies of the country, so nSe lha' leSisl'-
ton rs TO Undue the Rebels with false hopes Vi
4 speedy triumph, we feel constrained to baihe
. their traitorous design by statement OF tie
truth The chief Copperhead organ in our City
SAYS:
the War breaks down. il will not be from want Of
mon but by arrangement of the finances. Mr.. Chase
Tcsiqzsd because ia his Judgment me condition q ne
TccssHrv ues becoming DESPERATE He Is man OF intel
lect and ambition and until his recent disappointment
he has been asprant for the highest once III INC
Government lie is still too young 10 Tehohce IIcsl
dental hopes the score of age and nod ne scn oHg
removable chance 81 SHPiVHg REQUIRES ~ 70 90. ~
aapiaut conclusion Of The he tOHd hare eIahS 70 me
reputation Of signal an Gesieccment lie resigned 20
seek shelter f.Om the coming deluge. lie mas never
riyen evidence Of intrepdy his estimate OF the STU
alton should be received with the deductions proper
in the case of any Judgment formed under me IN.
Thence 81 fear an iufrmy which never stoad!es the
intellect But still the bearing of 50 noteworthy an
event a. bis resignation the general situation cannon
well be ignored and TO appreciate Truly we must 9oh
al meters from his standpoint. Had the war cndea
successfully at any time between It's cOmhsucemeh,
AID Mr.. Chases resignation, he supposed ne Wo9d
come of with yng cOlOTs Great as Is the pubic deDt
n 1efpitiye and honorable peace would give great
buoyancy 20 its value. As soon as capitalists saw tha
no further additions to be made TO the debt they
of the Government The public revenues ooliu tneh Oc
made suf' lent to meet the pubic expenditures
without the present alarming dehelti ana t1e
general JOY at the return OF peace Would
exert an invigora,ing effect on public credit
Mr. Chase hes been buoyed up by the expectation that
the military campaigns which opened with the season
would result in such successes would insure an early
termination of the war This be regarded as the dsi
card IN ,ho financial game he has been playing
an his estimation a. has been Piayed ond tosi. Inc war
must et go for an D. definite and eacuabe PERIOD
heavy calls must soon be made for additional mem ne"
expenses and proportional augmentation
Of debt already so large as to occasion great H.
Guietude Mr.. Chase recoiled before the prospect
So far his judgment founded on ms kHordSe m
ead Of h 0r his SUCCESSOR confront e Dis
oOErGseaeais.'
We appeal to every patriot every capitalist,
every unclouded intellect, in support of our
ayerment that the above extract from The
World is as directly calculated and intended to
uphold and strengthen the Rebel cause as is
Early's raid or the movement against Gen.
Steele at Little Rock If it be true that Gov.
Chase has resigned from dependency in view
Of the financial prospect, then the cause OF the
Union must be all but hopeless. But it is not
true, but false-atrOciously, wickedly false.
There is not flavor of truth in il. Mr. Chase
has for years been calling earnestly, impor-
tunatey upon Congress for more taxes and
fewer loans. At length-somewhat grudgingly,
and far too tardiy-Congress has listened to his
entreaties. We raised less than Two Hundred
Millions by taxation during the fiscal year just
closed; we shall raise nearly or quite -Four
Hundred Millions in that way during the year
just opened-paying about half our expenses as
&c Loco than ana No shall
} nav in taxes more than One Million Dollars per
day during the current fiscal year. Ii will Of
course be easier to borrow an equal amount in
|, le64-5 than it was to borrow nearly twice that
amount during 1864. The National creditmast
improve, for its base is twice as broad as it has
been. Even should the War Gas we do not be-
lieve it willy endure till next July, our Finances
must work easier and become sounder. And, at
all events dismay at the prospect was not even
among the considerations which induced Mr..
Chase to tender his resignation.
Nor is it true as has been represented that
he resigned because Of difference with the
President respecting appointments; though this
story, unlike the other, has a color Of truth.
Gov. Chase has been perplexed with regard to
the most important post of Assistant Treasurer
in this city, At his urgent solicitation, Mr..
! Cisco (whom Mr.. Chase found in the office) has
, most reluctantly held over until now; always
anxious to retire, and at last determined to hold
on no longer. He was fully resolved to leave
on the LIST inst. Mr.. Chase thereupOn cast
about for a successor. There were men enough
eager for the place; there were some who Were
fit for it; but, men at once fit for it and willing
to take twere scarce. (The salary is $4,000 per
annum; the sureties must become bound for
$500, 900 and justify in double the amount; the
money to be handled often exceeds Ten Millions
per day. Mr.. Chase urged it successfully on
three eminent Republicans, not one Of whom
$ would look at it. Then he proposed his Assist
ant, Mr.. Maunsel b. Field, who had been Mr..
: Cisco's deputy for years, and was thoroughly
cOnversant with the duties of the Office.
This name was not acceptable to the Presi-
dent-or rather, to leading politicians whose
wishes the President felt bound to regard.
, Three names were presented by those poll
"Reminiscences Of good and true men-yet none
OF them seemed to Mr. Chase precisely what
the place demanded. He thereupon solicited Of
the President personal conference wherein to
!, compare notes and adjust the matter-which
A was not accorded. Mr.. Chase thereupon felt
that his usefulness as member of the Cabinet
v was fatally impaired-that he no longer en-.
joyed that perfect and unreserved confidence OF