Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1864-07-04

of Ohio, for division of the spoils under
the expected new administration OF Lin
coln.@ Dennison was to be made permanent
chairman of the Convention, and have a
foreign mission Tod was to have seat in
the Cabinet, a, Delano was to be United
States Senator IN the place of Sherman
This little arrangement was known, conse-
quently when Tod's nomination came up
to-day 1t was remembered. Wade had long
had his eye upon the position of Secretary
of War, and could not brook the idea of the
new Secretary of the Treasury being taken
from Ohio. Fessenden's friends, and they
are very numerous in and out of the Sem
ate, believe that he has earned, while Chair
man of the Finance committee, the right to
be the next Republican Secretary of the
Treasury. Hence the nomination and the
opposition to 1t in the Senate. r.,
Since Governor Tod has declined, 1t Is
understood that peacemakers, anxious to-
preserve the Republican party from further
disintegration, and to save, if possible, the
Baltimore Convention candidate from Ger
tain defeat, are sedulously endeavoring to
accommodate matters between the Presi-
dent and Secretary Chase, and induce the
latter to withdraw his resignation and re-
turn to the Cabinet. ltis not thought that
this effort will be successful. Mr.. Chase's
HleHuS pOsiIlNely dsserI uo VIII CahO ho
step backwards. He accepts the issue
made up and will abide the result.
The Treasury Department imbroglio has
put new phase upon the probability of
the adjournment of Congress. 1t is expect
ed that the session will now either be pro-
longed for from two to four weeks, or an
extra session rendered indispensable.
from The Tribunes Radical Abolition Dispatch.l
It is undoubtedly true that Mr.. Chase has
frequently felt discouraged about his ability
to carry the financial load taken upon his
shoulders. He has within week express
ed this encouragement. The feeling per-
haps is one inseparable from his organiza-
tion.
This, coupled with the irritation caused
by the quasi Executive sanction of the
warfare of the Blairs upon the purity of
his departmental administration and his
personal integrity, probably precipitated
the resignation which so suddenly startled
Congress and Washington this forenoon.
AS late as o'clock p. NJ, members of the
Committee of Ways and Means refused to
believe the rumor OF resignation.
Stories are also afloat connecting the res
ignation with somebody's disastrous specu-
lation in cottons up the Red River-utterly
slanderous of course, and connecting 1t with
one of the Committee to investigate the
charges of sexual profigacy and peculation
In the Bank Note Department of the Treas
ury, which were sent into the House to-day.
1t Is SAID UnaJ tue Intelligence of the ac-
ceptance OF Mr.. Chasc's resignation was
communicated to him in the Finance Com
mittee-room, and that he was thunder
struck by it.
Immediately after the Adjournment or
the Senate this morning, committee of
three nom the Finance committee-Messrs.
Fessenden, Sherman and Conness-waited
upon the President and had an interview
upon the subject of Mr.. Chase's resignation
and the nomination of Gov. Tod. The his
tory of the first was given. Then the COM
mittee earnestly advised the President to
withdraw Mr.. Tod's name, upon the ground
of his unfitness for the immense trust ofthe
Treasury during the war. Animated dis
cussion ensued. The result of it will be
made manifest tomorrow after the Senate
meets. t'
1t is thought that Tod's name will be
withdrawn. If it is not, the belief is that
he will be summarily rejected. In this
mornings Executive session, his nomina-
tion was attacked by Mr.. Wade, as one un-
fit to be made. He was earnest and excited
In his opposition. 1t Is understood that
Senator Sherman, in the interview with the
President, was equally earnest in his adj
vice against the appointment, and there is
no doubt that it is generally condemned by
The Ohio and Indiana politicians now here.
1t is now settled that question of filling
Mr.. Cisco's place, followed by a difference
Of opinion between himself and the Presi-
lent about recommendation of new tax
dill, was the occasion for Mr.. Chase's resig-
nation, of which his injuries at the hands
If the Blairs was the cause. Mr.. Chase
wanted Maunsel B. Field appointed in New
York. The President wished the office tor
Mr.. Hillhouse, ex-Gov. Morgan's candidate.
The chief supporters of Mr.. Tod have
,een Gov. Dennison, John Brough, and Co
umbus Delano. a
The Tribune says editorially: Salmon P.
Chase has resigned the post Of Secretary of
he Treasury. If the event shall prove that
he country can dispense with his services
IS easily as he can dispense with Office, we
hall heartily rejoice.
a