Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-11-14
NEWS FROM WASHINGTON.
Future Policy Of the Administration
--Rumors OF Peace Commission to
Richmond-Change 10 be Made In
the Characterization.
WASHINGTON, Nov. 8.


POLITICAL POLICY OF MR.. LINCOLN.
Now that Mr.. Lincoln is, doubtless, re-
elected, public curiosity will naturally be
excited as to what will be his future policy.
That his warm partisans may urge him TO
pursue revengeful course OF conduct to-
ward the Democratic party is very evident,
and it will be interesting to notice how Tar
he will yield to these party influences. It.
is to the credit Of some very influential
friends of the Administration that they are,
and have been, urging Mr.. Lincoln TO adopt
magnanimous policy, and try, If possible,
to unite the people of the country as they
were united when he entered upon his oflice
i'm 1861, 1t is understood that Mr.. Seward
is the leader of those who advocate this
conciliatory spirit.
A COMMAND FOR GENERAL MCMILLAN.
He argues, it is said, that it is now Mr..
Lincoln's duty to give General Mcclellan
command in the army equal to his rank
In the service. He believes, and always has
believed, that the nation contains no better
soldier than George b. Mcclellan, and that
his assignment to the position of command
er of the Army of the Potomac, or the
Army of the James, would be worth re-
enforcement of fifty thousand men, and
would contribute to bring the campaign In
that quarter to q successful issue. Ihe only
question is, as to the manner in which the
radical faction, which has SO voelferously
abused General Mcclellan, would regard
this course of policy. They are revengeful
and impracticable, and might make it
reason for determined opposition to MIR.
Lincoln's measures in the coming session OF
Congress. Mr.. Lincoln, however, is master
of the situation, and can, If he is willing to
face the radical opposition, do as he pleases
in this or any other measure.
CONCERNING PEACE PROPOSITIONS TO THE
SOUTH.
Among the subjects now on the tapis is
the probable offer of terms of peace to the
Confederates. The pledge made by Judge
Pierrepont at the recent Lincoln war meet
ing in New York, that the President would
make determined effort for an honorable
peace Immediately after his reelection will
probably be carried out. 1t is expected, if
Mr.. Lincoln follows the advice of the more
moderate politicians that surround him,
that the proffer of peace will be made
through formal commission to Richmond,
not to dictate terms, but to suggest and con-
fer with Davis and his associates as to
what terms they will be willing to accept
upon re-entering the Union. The offer. it
is believed, will be a guarantee of all the
rights of the Southern States under the Con-
stitution, with the exception of those re-
lating to the institution of domestic slavery.
If the rebel chiefs will consent to make a
provision for the emancipation of the slaves,
some time during the present generation,
there may be no difficulty in re-establishing
the Union, not exactly as 1t was, but in
some measure as the radicals think it ought
to be. Among the gentlemen spoken OF in
connection with this mission, are Hons. Ed
ward Everett and VIM. M. Evarts, Gen. ID. Il.
Sickles, Gen. John A. Logan, Judge Pierre
pont, and Thurlow Weed. The scheme,
as discussed in political circles, involves
the appointment of Gen. Mcclellan to a
command in the army, and an order for a
draft of three hundred thousand more men,
so that when the commission reaches Rich
mond the rebels may have it to understand
that an effort is to be made to unite the
North and to strengthen all our armies, SO
that if the negotiations fail, war can be
continued with more vigor than ever.
CABINET sPEcULATIoNs.
give you these speculations as they are
current in political circles here, without,
however, vouching for their accuracy. 1t
is understood that new Cabinet Is to be
organized Immediately after Congress re-
sumes its sitting in December. The pro-
gramme is for Secretary Stanton to be
transferred to the vacant Chief Justiceship
Of the Supreme Court4and for Gen. Butler
or Gen. Banks to take his place; for Secre-
tary Welles to be replaced by some young
er and more energetic officer, probably
one of our unemployed Commodores or
Rear Admirals. Mr.. Fessenden and Mr..
Seward are to retain the positions they have
all along occupied. In any event, it is un-
derstood that Mr.. Seward is to be the Pres
a1x fn
he has always coveted, OF the power be-
hind the throne-as great, if not greater,
than the throne itself.
THE FINANCIAL POLICY.
With regard to the financial policy Of the
government, it is understood that Mr.. Fes-
sender, at the coming session of Congress,
will propose most vigorous scheme Of
taxation, A determined effort will be made
to cut down the expenditures of the war
and navy departments, while for the support
of the public finances most pitiless scheme
of taxation will be introduced and carried
through. 1t is considered indispensable for
the successful prosecution of the war that
there should be no further issues of cur
rency; and that we should pay as we go If |
we would maintain the credit Of the gov
ernment unimpaired. Mr.. Fessenden has
an honorable ambition to redeem the finan-
ces of the government, which were plunged
into almost hopeless disorder by his pre-
decessor, and can see no other way of doing
so than by good, honest, vigorous taxation.
AS there will be no appeal to the people for
two years to come, and as the Senate is Re-
publican in any event for tour years, the
Administration will have no hesitancy In
putting in force taxation commensurate
with the wants of the government. The
special war tax of five per cent on the in