The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1864-07-12

Copperhead papers OF the country are
kept running: Taking all / have seen
as criterion so far as the World OF
this city is concerned, ] am no longer at
a loss to make up my mind. Hereto
fore, it has always been a matter of sur
prise to me how so many of that class
ofjournals could live,i and the most Of
them so respectfully. Coming down
the Harlem and Albany railroad in the
early part of the week, / think l suc-
ceeded in discovering the modus operan-
di. The friends of the World take care
of that concern. / saw one man pur-
chase forty-ive cents worth Of that pa
per with no other ostensible purpose in
view than to create a circulation,
as he Immediately threw away all but
one or two copies by pushing them out
through the ventilator. 1t was the
Worid, and it needed the assistance OF
its, friends. so.;.pfo.ay oft -; go,..,
The high price of gold, or in other
words the low price OF greenbacks, is
creating the most intense excitement
in this city, This morning gold is
selling at 50 so, and every body seems
insane on the subject Whether it will
go higher or not remains to be seen. !
believe it will, not so much from the
fact that gold is worth SO much more
than Treasury notes, but because no
man can be found who has confidence
in anything, not even his best and most
intimate friend. / never believed, un-
til Yesterday, Gen. Grants success be-
fore Richmond and Petersburg would
be of any particular benefit toward
knocking the bottom out Of any partic-
tom out of tho illogitimato sold trofio.
Its high price is all owing to the fact
that the people don't know whether he
winIsucceed or not, and should he not,
of. course the debt must be increased
correspondingly to meet the expenses
of the Government. Let Richmond
fall, and gold must fall, and that very
rapidly too. -:,f.o co.'.o.........,,.. -
"A new cause of excitement was in
troduced to the public yesterday. BY
kilograms we were informed that Sec
retary Chase had resigned, and that
Gov. Tod, of Ohio, had been nominated
for the position. This morning it is re-
ported that Gov. Tod will decline. The
Copperheads are jubilant over the aft
air, FOR in it they think they see trouble
arising thatwill accrue to their benefit
in the coming campaign, and unless the
most judicious management is exercis-
ed we have something to fear. Mr..
Chase has hosts offriends in this city,
and they will not readily give him up
to the tender mercies of the Blair con
trol. His friends are determined to
stand by him, and there is bare posi-
lbility that he viii be candidate for the
Presidency now. Had he remained in
the Cabinet this wonld not have occur
ed. Being out ofthe cabinet, of course
he is free to act as his conscience may
dictate: ] am of the opinion, however,
that his resignation will eventuate ben
efcially to the country for in it I think
1 see a breaking up of the whole Cabi-
net, and should this occur we shall get
rid of the Blair faction, which has been
for the past two years so determined
upon ruling or running the country.
The feeling is general this morning that
q Cabinet overthrow must take place
within the next few days. 7i go sod +
There are numerous causes assign
ed for Mr.. Chase's resignation. No
one knows Of course why he did SO, but
if am permitted to surmise the case, !
should at once say that the reason is
simply and alone that Congress has en-.
deavored to control and ignore his &C.
ton until at last it became to burden.
some for him to bear. You will recol-
lect a few days ago that the repeal Of
the gold bill was talked Of in that body
that it was thought Secretary Seward
would advise its repeal, and that should
he do so, Congress would act on his
advice. This is the main reason, al
though everybody, almost, has his tho'ts
upon the subject, and no two agree.
find there is very prominent surmist
that Mr.. Chase and the President haC
some serious difficulty upon the subject
ofthe appointment of 81 person in The
place of Mr.. Cisco in this city. This
, do not believe. It is a well known fac
that not only in this city but through
out the country, that Mr.. Lincoln does
not advise with his Cabiuet on matters
of important appointments, nor neve
has, and it hardly can be expected tina
! Mr.. Chase thought to control the Presi
dents action this time. This idea will
explode, you may rest assured.
, The high price of gold, the resigna
ton Of Mr.. Chase, his probable success
or, the high priceifof dry goods, thu
! flictuation of ~governments'' and 9th
cr stocks, all contribute to make th'
: public wild with excitement this morn
. ing. Wall street is jammed. Nobod.
l knows what to do, nor which way t
q turn. There seems to be no genera
> determination on the part fany one
, What the day may bring forth we can
{ mot tell8nThis will be the most ex
E citing day ever known to that grea
I money mart oi tCn crow puibnEa
i i cannot help remarking the CONTROL
' ing element of Wall Street. So far q
I my observation extends, and my facili
4 tics are of the very best, there are tw
D and only two. classes who CONTROL tn
h whole matter. These are Souther
h sympathizers and boys. The forme
crowd up the price ofgold to destro
@ confidence in the Government In fac
0 open Southern rebels are operatin
i there in numbers. Ishould say of abou
O 40 per oent,while bows represent anotf
r or 40 per cent, and the balance of cope
h cent is represented by what might b
called the loyal portion of community
G / saw boys at the first board ycsicrda,
: aged from l6 TO 20 years, with. thcl
| hands full of grcenbacks, parchasin