, 1864-07-04
THE CABINET CHANGE.
Resignation Of Other Members Of
the Treasury Department.
REASONS FOR ARD sPEcUlATlOHS
UPON THE CHANGE,

| Especial Dispatch to the New York Trfb1ne.l
| FIRST DISPATCH.
| WASHINGTON, June SO.-Sccretary Chase
resigned this morning. Governor Tod Il
nominated. The Senate is in Executive SEES
| sior.
| SECOND DISPATCH.
The Senate Is In Executive session oyer thu
nomlnalaon OF David Tod, Of Ohio, as Secre-
taty OF me Treasury, In place Of Afr. Chase,
| resigned.
| At II o'clock this morning Mr.. Chase was
| IN conference with the Wars and Means
COMMITTEE; but there were abundant evil
dences Inst evening that the vacation Of bis
9Mce t1Is had been determined on. Whether
this determination Was hung upon coutIu
Eency, like the action Of the Wars and
Means Committee, or the vote Of the Finance
Committee, is not at present known, It js.
however, known that Mr. Chasc has been
rettive Of his connection viii the Admins
trat1on, and uneasy in his seat as Cabinet
officer ever since Frank Blair's unpunjshed
aeeaults upon his official and pefsorai reon-
tation on the floor Of the House.
1t Is also known that the selfish struggles
1or A1r. Cisc0's place In the New York Sub
Treasury. to which Mr. Chase felt bound to
oppose himself and IN which 1t is said he
received no aid, nd ded to the yc1ations that
made his office burdenBome.
Rumors will be telcgraphed from here that
At. Chase was removed by the President,
This is not true. The nomination Of David
Tod was, to be setretary Of the Treasury. in
place of Salmon F. Chase, resigned.
There will also be rumors that he resigned
because the Ways and Means Committee and
Inc Finance Committee rejected bis applica-
cation for an increased revenue By IN in.
crease Of the rates of internal taxation.
Iil1s Is untrue. Neither Committee has done
this. ''@0 N0''0
It is undoubtedly true that Mr: Chase has
frequently telt discouraged about Ills ability
to curry the financial load taken upon his
shoulders. Hehxe, within week, expressed
this encouragement. The feeling, perbans,
Is one inEeparable from his organization.
Ih1e, coupled with the irritation caused BY
ne quasi Executive sanction Of the warfare
mental administration and his personal in
tegrity, probably precipitated the resignation
which SO suddenly startled Congress and
Washington this forenoon.
AS late rs O'Clock p. H., members of the
Committee Of Ways and Means refused to
believe the rumor Of resignation.
Stories are also at1oat connecting the res
ignation with somebody's disastrous spccu-
latfon in cotton up the Red River-utterly
slanderons Of course, and connecting 1t with
one Of the Committee to Investigate the
i9 Rsa Of Taa RIogqcy and
ury, which we're sent into the House to-day.
It is said thaKintelligence Of the accept.
ance of Mr. Chase's resignation wis com.
municated to him in the Finance Comm ttee
room, and that he was thunderstruck b7 it.
1t IS 314 o'clock, and the Senate, though in
secret session, has not touched Tod's nomi-
nation for two hours.
The truth is, that the key of the resigna-
tion of the Secretary of the Treasury, and Of
the delay Of the Senate to appoint his snc.
cessor, Is to be found in the remark of lead
Ing member: "We WILL honestly try to gtt q
thoroughly able 1nancier for this place, and
a brave man."
The name Of Harry G. stebbins, the Presi.
q. Mt Of the New York Board Of Brokers, at d
In Congress, begius to be
talked Of and urged.
THIRD DISPATCH.
Immediately after the adjournment Of the
Senate this morning, committee of three
from the Finance Committee-N1essrs. Fes-
senden, Sherman and Conness-watted upon |
the President, and had an interview upon the
subject Of Mr. Chase's resignation ind the |
nomination of Governor Tod. The history \
Of the first was given Then the committee |
earnestly advised the President to withdraw \
NJ. Tod's name, upon the ground of his m
fitness for the immense trust of the Treasury E
during the rar. Animated discussion en- |
sued. The result of 1t will be made manifest /
tomorrow after the Senate meets.
It is thought that Tod's name will be with |
drawn. Il 1t Is not, tho belief Is that he will |
be summarily rejected. In this mornings |
Executive Session, bis nomination WIGS At !
tackled BY Mr. Wade, as one unfit to be |
made. BE was earnest and excited IN his |
Sherman, In the interview with the Presi- |
dent, was equally Earnest In his advice
against the appointment, and there Is no !
doubt that it Is generally condemned by the |
Ohio md Indiana politicians now here.
It's noW sestled that question Of filling |