The New York herald., 1864-11-11

that this Union shall stand aud the re-
bellion be put down. 1t is high time that ws
no longer should suffer the neutrality Of friends
or foes to do us any further injury or offer us
any more insults. The capture Of the Florida h,
therefore. not only justiahls act, but IL =
an impressive warning "to all whom it may
concern"
Our Financial lsituaston-F,rst Duty of
Our Re- r. isctcd President.
Mr.. Lincoln enters upon his renewed term
of Office under very different circumstances
from those in which he assumed the Presidency.
Then he was the nominee Of minority, whose
success was secured only by the divisions in
the democratic party. Now he is the elected
Of q large majority Of the loyal States
and the representative of the Union senti
ment Of the country. Then he had but little
or no official experience, was surrounded by
difficulties Of every kind, and had to choose his
oounselors from among men who were either
fools or fanatics. Now he is full Of the ripe
experience which such severe ordeal as he has
passed through must necessarily give, and hs
is at liberty to select bis advisors from among
men Of both parties None of his predecessors
have ever occupied q freer or more indepen-
dent position. If he fails in realizing what hs
has been q second time chosen for, 1t will b
from weakness in his character, and not from
the lack Of q generous and unselfsh support
on the part Of the people.
A man Of even less ability than Mr.. Lincoln
ought thus sustained, to be able to fulfil the
expectations Of the country. The military
situation is divested Of all cause for anxiety.
Within given time it is mathematcslly Ger
tain that the resisting power of the rebellioa
must give way. With Grant, Sherman and
Sheridan at the head Of our armies, and Far
ragut and Porter at the head of our fleets, there
can be no ground for apprehending that w
shall witness further failures in the conduct q
the war. In that regard, therefore. President
Lincoln will have no reason to dread the 10
newai Of those vexations which the inexperi-
ence Of his advisers and bis own mistakes a
one time caused him. All will be plain sailing
SO long az be continues to confide in the officers
whose capacity and patriotism have been
tested in so many trying situations. This
anxiety removed, he must take steps to do
away with another, which, unprovided against,
will harass his administration The financial si4-
nation Of the country, 1t must now be admitted,
s one that gives room for the deepest apprehea-
sion TO every patriotic mind. Although We have
contrived to carry on one Of the most stupsa
dous wars that the world has ever witnessed
entirely out Of our own means, and without
borrowing . dollar abroad, Il has long been
patent to every one that our finances have beea
sources Of every kind, in the shape Of money.
commercial products, and q patriotism on the
part Of our people that shrank from no calls
upon it. Secretary Chase so experimental and
blundered as to bring them into most dan
gerous and discreditable condition. He
neither understood the position of affairs whom
he entered office nor the character Of the work
that lay before him. and so he foundered ON,
trying all sorts Of expedients to repair his mis-.
takes, and only making bad worse. The
epoch Of his administration cannot fail to b
characterized In the future ~ one Of the most
unfortunate that this country has ever
known His successor, Mr.. Fessenden, seems
to be content to follow In his footsteps
The financial smartness which he displayed IN
the Senate only serves to prove how dificult
II is for theorists TO carry out their own views.
Mr.. Lincolns first duty, as the elect Of the
nation, is 10 remedy the confusion and suffer-
ing created by the blunders of these prentice
hands at 6nanciering, by placing at the head
of the Treasury man in whose talents, honesty
and experience the country can feel confidence,
and whose knowledge Of the resources Of the
country will enable him to restore order n
our finances, to protect those who have in
aud to bring down the necessaries Of life within
reach Of all by establishing something like
fair equivalent between the value Of green
backs and gold. This done, We may indulge .
reasonable hope Of crushing ont the rebellion
with the resources that We possess, without
being compelled to 90 begging for financial
aid abroad
When we hear doubts expressed as to cur
ability to carry on this war much longer, be.
cause Of the heaviness Of our expenditure, u
seems to us like . wilfnl desparing. Our
whole debt at the present time is little over
$2,OO0,O00,OO0. England, with Q territory no
larger than one of our States, owes $4,000, ,060,.
O00-just double the amount. We have .
dozen States equal to her in size, rich In unde-
velopcd resources, and with population will
ing to pay any amount Of taxes for the sup
port Of a government honestly administered.
why then, should any one question our ca
pacity to do all that England has done In that
way? The doubt can be induced only by
want OF faith in the men to whom the manage
mont Of our finances has hitherto been en-
trusted. Let one OF Mr.. Lincolns first acts be
10 ulace at the head Of the Treasury 6nan-
cIer whose genius, experience and honesty
win give assurance to the country that this
dcpsrtment will be properly administered for
ths future, and his remaining difficulties will at