, 1864-07-01

1&fEs
New YoaK, Thursday, June 3o.-The spe-
cla1 to the Commercial saJs: Secretary Chase,
finding that there WIS not disposition to
grant him power to collect sufficient
amount OF revenue to carry on the Govern
nent, has resigned, and ex Gov. Tod, Of
Ohio, is appointed to succeed him.
The Senate, 1t Is asserted, will not con-
firm Tod's nomination.
WAsHEGTos, 1hursday, juno. 30:-The
report Was not generally believed that
Secretary Chase had resigned his position Us
Secretary Of the Treasury, and this inctedu-
1ity was strengthened by the taet that be
was this morning IN consultation with the
Finance Committees OF both Houses, and
further, tlat seyeral Of bis intimate personal
friends On the Committee Of Ways and
Means positively asserted to the contrary.
It wos earnestly declared by Others, hoW;
cyer, that the President had sent the Senate
the domination of David Tod, OF Ohio, Is
his successor. There seemed to be on all
sides much obscuritF as the circumstances
attending this act On the part Of the Execu-
hye.
"AsHE'G1aS, Thussday ?. H.. June 50.
The special to the Commercia! SAYS 1t Is re-
ported that hIr. Chass did not seriously In
tend to resign, but that the President &C.
ccpted the tender of the Treasury portfolio,
and appointed his successor.
The sccretary's friends says that he re-.
signed because the natsonal revenue ia not a.
large as it shou1d be to meet the expenses Of
the government, and that the Elnance Com
mittees gave him no encouragement that It
would be Increased. Others declare that the
Secretary insisted on the trapsfer Of n B.
Field to the place Of Assistant Treasurer at
New York, but, that the President was per
shaded TO nominate Gov. Aogan's former
Adjutant General, and that afterwards the
President requested Mr.. Cisco to Withdraw
Ills resignation. 90.
soA1sATloS OF gx-ooy. TOD.
WASHINGTON, June 30.-The result of the
consideration Of the nomination of David
Tod OF Ohio as Secretary Of the Treasury,
III place af Hon. s. P. Cblse, Was referred to
the Finance Committee Of tho Senate. The
Senate Was still in executive session at 8
o'clock On Ar. Tod's nomination. 1t ia re.
ported that special committee has been ap
pointed to wait on the President to ascertain
III the facte in tic case. Much excitement
exists about the capital
t WASHINGTON, Jnne $500 p. m--Atte,
after long consultation with the Senate Fl
nance Committee E1r. Todd's name vas with
drawn, and Mr, Chsse's resignation was ac
cepted. ...
There is much speculation concerning tht
reaBons for the resignation Of Secretary
Chase, and muny contradictory rumors arr
circulated concerning it, but ths direc,
cause is siated to be, as believed witt
truth, appointments to Office in tue Treasury
Department, there being conflict of opin
Ion between the President and Mr. Chase
uron this subject.
Not only were persons ut the Capitol, bui
throughout the yarious Departments Of al
over the city, taken by surprise.
The news travelled to other parts Of the
country by telegraph, ind became known
there before 1t was generally circulated Ii
Washington, the message having been trans
mitted over the wires from the Capitol.
Assistant Secretary OF the Treasury Har
rington WAS ut the Department to-day acting
es Secretary Of the Treasury. -
| LA1ESl
GOV. TOD DECLINES.
WAsu1SGTos. Thursday, june :o.-Nid
night-David Tod has declincd the appoint
| ment as Secretary Of the Treasury. :. -.
kTREAsuAT AND FINANCE MATTERS. q
New YoRK, june eo.-The Tribune especial
dispatch ERJs; '''
The matter Of the additional tax;attons has
ut last taken definite shape. Secretary Chase
viii send tomorrow to Congress commu
Of providing from 81, ,000, 900 to 3100, ,DoO, ,050
more revenue, the new bill, as passed, falling
Fhort that amount Of the estimate Of $500,
COO, 600. The Secretary Will suggest that the
tax on incomes under the old Bill shall be
Increased to conform to the provisions of the
new bill; also that the tax on tobacco, pc
t1oleum and Particularly OF whisky, be
The total interest upon the public debt,
including that on the new seFcnty-t1yp mil
lion loan now under negotiation, and
on the four hundred million loan,
not yet authorized BY Congres'
apnum, about two-thlrds Of which win
be payable in>go1a, the rest in currency. The
revenue for the fiscal year ending the 30th Of
June will amount In round figures to s2l0,-
00o,co0. =:
This Includes revenue derived from Gus
toms, which are nearly 500, 900 900 In gold,
the internal revenue, and from miscellane-
Gus sources, which this year yield the large
ELM Of twenty millions. The following table
shows the quarterly receipts from Castoms
during the last .ycaf: First quarter, over
So COG, GOO; second quarter, over f21 900 000;
Third Guarter, over SCI, ,co0, GOO; fourth-not
| yet 6ccurntely aecttt8tued-probab1y Se6,-
tt0,e0o: Total, so8 400 900. These figures
chow that the Treasury Department has not
only abundant means to pay the gold inte-
Eome surplus.
/ Secretary Chase having satisfied himself
BY careful inquiry aud estimates of the Tax
bill before Congress that It will not yield
ofer S3GO. GU, ,000, aud feeling that the necee-
stiles Of the Government will require s400,-
000, COO from the internal revenue source
alone, will to.asy. ask Congress- to Increase
clrs In the list, 60 At to produce the desired
sum. It is understood that this increased
fax will principally fall upon Incomes,
whisky, tobacco. and petroleum. The dis
position to tax whisky on haod maT easily
b. inferred from the conv 3rsstion Of, mem
bere Of the House this forenoon In the streets
and In the hotels
cmeRs.r1, Thursday, June ao.1The Ga.
has sent iu his bill providing Tor m addition
al increase OF taxes to raise another hundred
millions OF internal revenue It proposes to
r4ike the tax on whisky to q, to take effect
at once; to raise tobacco to 35c and Soc, aud
to inaugurate the entirely new system Of
leyyjpg takes on sAle1. This Inst he re-
It taxes ali sales of establishments whose
anuual busloeas amonnt to over $1,000 at
one-foutth OF one per cent, md 1t Is ca!cu-'
lated that this will bring In q revenue Of at