Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1864-07-05

| Inc people Vi ali phIts VI Tue county "''N
startled last Thursday by the announcement that
Mr.. CHASE had resigned his position as Secretary
of the Treasury, that.his resignation had been
accepted, and that the President was endeaVor-
ing to find some one to succeed him. OF course
rumor was at once busy in assigning the reasons
for this step on the part of Mr.. CHASE, but it IS
thought that the most reliable statement of the
causes which led 10 it is made in the National
inteitigencsr as follows;
We believe we run no risk Of mis-statement
when we say that this determination OF Mr.. CHASE
was brought about by a difference of opinion be-
tween the President and Secretary with regard to
the appointment of certain officers connected with
the Treasury Department, and particularly OF the
leading financial officer of the Government in the
city OF New York, where the Secretary deemed
II OF especial importance TO secure the services OF
an officer who should be selected on the ground
OF financial qualifications rather than in Difference
to considerations Of political interest 1t may also
be proper to add that the Secretary was perhaps
partially influenced in arriving at his determine
ton by the apparent reluctance of the Committee
Of Ways and Means in the House OF Represen-
tatiyes to authorize the additional taxation which
he deemed no more than adequate to meet the
exigencles Of the Government for the ensuing
fiscal year. It's known that Mr.. LINCOLN, find
ing Mr.. CHASE bent upon the appointment OF
Mr.. Field, prevailed upon Mr.. Cisco to withdraw
his resignation. lie then wrote Mr.. CHASE
letter Iegretting that on this, as on previous &C.
casions,l persistent demands had been made for
the appointment or retention OF Treasury officials
10 opposition to the wishes Of the Administration.
Mr.. CHAsEs reply was regarded as resignation,
and was accepted as such 1t 10 not believed that
he would now return to the Treasury Department
were be invited to resume his portfolio
Probably it might be- with truth added to the
above that, since the fierce and most unpro-
yoked attack Of Frank Blair upon Mr.. CHASE,
taken in connection with Mr.. LINCoLNs well
known intimacy with and friendship for the Blair
family, aud his rewarding Frank for bis congress
sional career by unIawfully restoring to him his
commission and rank as Major General, Mr.
CHAsE's personal relations with Mr. LINCOLN
have been anything but pleasant fact which is
evident enough from the Presidents course re-
specting the appointment Of q leading financial
officer in the city Of New York, as stated IN the
above extract from the Inteltgenccr and very
likely the President intended to make Mr.
CHAsR's place so uncomfortable as to compel him
to resign, or submit to become the mere clerk Of
the executive. The course taken by Congress also,
in refusing from time to time as it has done, to
raise the necessary revenue by taxation and other
wise to keep the credit of the government on a
sure basis, as recommended and urged by the
Secretary Of the Treasury, has made mis- task so
difficult and now makes the future so cIouded
with the prospect Of possible storm of national
bankruptcy and ruin, as undoubtedly much to
dishearten Mr.. CHASE, and discourage him in his
work OF keeping up the credit Of the National cur
rency and the government bonds. These reasons
are abundant to Justify Mr.. CHASE in resgnlng
bis position; and we cannot refrain from adding
that they are also sufficient to Justify the most Sc
rious appreheusions for the financial condition Of
the country.
Mr. CHAsR's retirement from the Cabinet is
IhulOub OulHu lltug hlulOoL ubl'Nloolll PtSAtNs
lie was beyond question the most able man, and
the wisest and most sagacous statesman connect
ed with tie government. If Congress had listen
ed to his recommendations and admonitIons, and
had long ago largely increased the revenue OF the
treasury, the government credit would not have
been where it is to-day. But Mr.. CHASE being
ravan,,a nd ba sapoa tir,a haipg cor,-
PEELED to pay the public debts, has been forced to
issue promises-greenbaeks or bonds,-and as
these have increased by hundreds of millions,
Congress has seen gold 20 up from par to two
hundred and eighty.fye cents on dollar, end
still with the most amazing want Of craftsmanship,
Cr even ordinary sagacity, has refused to tax the
people enough to keep up the government credit.
Whiskey has had more power in the halls OF leg
isaton than MIR. CHASE, and the Seoretary's
recommendations have been summariy ignored
while the whskey gamblers have carried their
points in every encounter ii Mr.. CHASE caunot
be blamed for refusing longer to make something
out Of nothing, to pay debts without money, TO
| wall iOi "'oe hu piaNViNal ltBNlatlou III Oou-
gees, which, financially, has shown little enough
of either. For himself he has done well TO re-
sign, and we can only hope that he may be sue
ceeded by some person who can accomplish what
now seems impossible, restore the failing credit of
the government without any aid from Congress
in the undertaking.
Hon. VIM. PITT FEssENDEN, one Of the Seua-
tors from Maine, has been nominated and con-
hrmed as Mr.. GHAsE's successor, and it is sup
posed he will accept the position lie has been
for many years chairman of the Senate Finance
Committee, and is gentleman Of undoubted
ability and integrity. We regret to learn, how
ever, that he has been hostile to Mr.. CHAsEs |
PIN of increased taxaton.-Ex. Gov. TOP of |
Ohio was first nominated by the President, but
the Senate would hot confirm him.
PoLlrIcAL.-The so-called Democratic party |
has issued call for State Convention to assem-
BILE here on the 18th day of July. The Commit.
tees invitation is as follows;
All persons who are in favor of sustaining and
unfolding the Democratic party in its efforts to
save the country from the control of that party
which has plunged the country into civil war