Evansville daily journal. (Evansville, Ind.) 1863-1866, 1864-07-01
pesIenatiop Of Secretary Chase.

The telegraph advises the public that
Secretary Chase has resigned his port
folio as Secretary of the Treasury, and
that David Tod, Ex-Minister TO Russia,
and Ex-Governor of Ohio, has been nom
mated by the President to fill the va
cancy.
The withdrawal of Mr.. Chase must be
regarded AS great National calamity.
He is undoubtedly the first 6nancier in
America, and one of the greatest in the
world. He understands the intricacies
Of finance as few other men ever
have, and has sounded all the "depths
and shoals" of this great science. The vast
system that he has inaugurated during
the past three years Of exhaustive and
stupendouE expenses arising from this
unparalleled war, will stand through all
time as a monument to bis genius.
Whether his successor can ell his
place crsditably is to be proven by ex-
perience. Mr.. Tod made an excellent
Governor. As President of the Clsve-
land and Mahoning Railroad, before he
became Governor. we think be was
successful as railroad fnancisr, aAd
his gubernatorial position afforded him
good facilities to obtain an insight in the
mysteries of monetary affairs. tits to be
hoped that he is well versed in financial
science, and that as Secretary Of the
Treasury he will conduct this depart
ment with prudence and skill
Mr.. Tod is War Democrat in politics.
Thus the President has taken into bis
Cabinet two War Democrats-Mr. Stan
ton, Secretary of War and Mr. Tod.
Thus the assertion Of the Coppsrheads
that Mr.. Lincoln has carried partizan
feeling into his appointments is dis
proved No President was ever so lib.
eral to his old political opponents.
No intimation is given of the reason
why Mr.. Chase yielded the control of the
Treasury at this critical time. 1t il
very unfortunate that he did so. The
people have every confidence in his in
tegrity and good management, and what
ever may be thought Of him by the den
izens Of Wall Street and the other money
centers, who have long since learned
that they could not control aim, tn,
masses have felt that in his hands thei
national exchequer, and its vast and vi
tai interests, were safe.
Rumors have been published I,
the effect that there has been q
disagreement between Mr. Chase
and a certain member OF members o
the Cabinet This May DO true, yet WI
do not believe that he would be so for
getful Of the best interests Of the coun
try as to leave so important a post a
the Treasury for mere personal spite to
ward any colleague in the Cabinet.
1t is more probable that he leaves hi
position in consequences of some disa
greement between himself and the ma
jority in Congress in references to tb
necessity and expediency of levying
sufficient tax to establish our finances OF
sound basis. 1t is understood that Mr.
c. has been in favor of adequate taxation
1
while Congress has been hesitating and
discussing on this subject all the spring
and summer Meanwhile Mr.. Chase ha
been making superAumsn exertions I,
keep the Treasury supplied with funds
At last, we presume, finding radica
difference of opinion between himsel
and the majority in Congress, he ha
deemed it advisable to resign. The vas
majority of Union men will sincerely re
greet this step