, 1864-07-03
ISpetta1 Dispatch t. the New York Tr1aae.1
EIRST nIEn aTc1

'reasury, to which Mr.. Chase felt bound to |
ppose himself, aad IN which it is said he
fcciyed no aid, I'D de1 to the r1Sotions that |
ladc his office burdensome.
Rumors will be te1egraphed from here that |
fr. Chase was removed by the President. |
ibis is not true. The nomination Of Dayid |
Tod was, to be Secretary Of the Treasury, in
'lacc of Salmon ?. Chase, resigned. H.
There will also be runlors TINT he resigned
,ecause the Ways and Means Committed and
le Finance Committee rejected his appltca-
alton for an increased revenue by Ia In
:rease Of the rates Of internal taxation. |
This is untrue. Neither Committee has done
bis.
frequently felt discouraged about bis ability
10 carry The financial load taken upon his
shoulders. He has, within week, expressed
this Encouragement. The feeling, perhaps, |
Is one insepafab;e from his ors:anizstion.
This, coupled with the irritation caused by
The quasi Executive Sanction of the warfare
Of the Blairs upon the purity Of his depart
mental adminlstration and his personal in
tcgri&y, probably rrecipitated the resignation
which SO suddenly startled Congress aud
Washington this forenoon.
As late as o'clock 2. m. members Of the
Con.Eitkee Of Ways and Meuus refused to |
believe fllc rumor Of resignation.
Stories are also afloat connecting the res
ignation with somebody's disastrous srccu- I
lalion in Gotten up the Red Rlrer-uttcrly !!
elanderons Of course, and connecting 1t with |
one of the Committee TO Investigate the
in the Bank Note Department Of the Treas
ury, which we're sent into the Honsc to-day.
It Is said thatkintefligence of the accept |
ance Of Mr.. Chasc's resignation WIS COM
munlcated to him In the Finance Comm ttee
room. and TINT be was thunderstruck b: IT.
1t Is 3111 o'clock, and the Senate, thong In
secret session, has not touched Tod's nOmi-
nation for two hours.
The truth is, that the key Of the rrssgna-
ton Of the Secretary of rht Treasury, and Of
the delay Of the Senate to appoint bis sue
ccs5or, IL to be found In tue remark OF a lead
in5 member: "We Will houe6tly try to get 4
thoroughly able tlnancicr for this place, and
a brave man,"
The name OF Harry G. stcbbins, the Presi-
d. Mt Of the New York Board Of Brokers, III d
Representative In Congress, buy ins to be
talked OF and urged.
THIRD DispA1cn
Immediately after the adjournment Of tie
Senate this morning, committee Of three
from the Finance Committee-Aiessrs Fes-
seDdcn, Sherman and Couness-watte1 upon
the President, and had an Interview upon the
subject Sa M Gnases TsS 4nc haoly
u IHe INST was given. Then the committee
earnestly advised the President to withdraw
Mr.. Tod's name, upon the ground Of lls un-
illness htnsss tos the immenss = trust of the Treasury
eued. The result of 1t will be made manifest
tomorrow after the Senate meets.
1t IL thought that Tod's nume will he with
drawn. II It is not, the belief is that be will
be su1nmarily rejected. In this norning'a
Executive Session, lis nomination was it.
made he WAS earnest and excited in bis
opposition. It is understood that Senator
Sherman, In the Interview With the Presi-
dent, was equally earrrst IN bis advice
against the appointment, and there is no
doubt TINT 1t is generally condemned BY the
Ohio and Indiana politicians now here
lis how settled that y question Of CLING
Mr. Cfsco's place, followed bF difference OF
opinion hctW. en- himself and the President
about q recommendation of new tax bill,
was the occasion Of afr. Chase's resignation,
Of which his injuries at the hands Of the
B1airs WIS the cause, Mr.. Chsse wanted
Maunsel 3. Field appointed In New York.
Tie President wished the office for Mr. Hill
houee, ex-Gor. Morgan'e candidate, Mr..
Chaac desired the President to send mes
the necessity OF enhancing the rates Of taxa
tfoE IN the bill on Its passage, so as Il, raise
eighty-fy millions more money, THIS the
President declined to do.
In the heat Of his resentment ut both refu-
| sails. Mr.. Chase rendered his resignation and
| withdrlw. HI could not hare known that
| 1t was accepted until liter the t1cssag,: was
| sent to the Senate this noon, nominating
| GoE. Tod, for lie was, during the forenoon,
| In conference With the Finance Committee,
| ard In conversation with the members Of the
Ways Gnd Means Committee, fully and labo'
In its relations with Congress during the pas
| sage of financial me Asure.
| FOURTH DISPATCH.
Judge Leach Of Ohio, Solicitor Of Sixth
! Auditors Bureau, and Third Auditor Atkin
son Of Ohio, Mr. Chases appointees, hayt
| resigned,
Ii Is sid that Nj. Harrington. Asslstan
| StcretarY Of tic Treasury, resigned tu-day
Mr. Chittenden, the Register, resigned SOM
days since.
| News was circulated in the Senate, at
o'clock this evening, that Gov. Tod had de
c1ined the appoin ment by telegraph on tn
request Of the President.
turn to the Treasury.
The Impression here, at II O'Clock, Is tha
new md greater changes will iuried!ascl.
take place.
|. special Dispatches to the y. 7. T1mcs.1
WASHINGTON, Thnrsday. June 30.
The announcement of the resignation o
Secretary Chase, this morning, produce'
quite as much surprise In Washington as 1t !
understood TO hare caused in New York, al
| though there was no room here tor the sam
incrtduliry with Which 1t Is reported the It'd
ings were received in New York. The start
I ling event Immediately became the aubjec
Of countless .specusatlons and theories
both as to It's caqEes and It's probs
. Of the widest and absurdest character
, and without giving them any further cu'
| rcncy, the true cause Of the rcsignatio
Of the Secretary Of the Treasury IS containe
in the following simple statement, which
? deri,e from indubltable authority. In tn
? | appointment OF q successor to Mr; c1scs
Mr., Chase took the ground In letter az
| dressed to the President, that for the satifn,
tory conduct Of his department, be require
, the appointment Of hls own subordinate;
: The President replied dissenting from th
! resignation. To-day the matter was take
7 up ia Cabinet council, and the Secretary's :
: tirr.nent was accepted. That this was Il
: Immediate cause Of Mr. Chase's Withdn1W'
Is matter Of positive certainty, thoug
! there Is no doubt # is but the consummatic
one which II Is believed Mr. Chase has col
, | ttmp1ated for considerable time. 1ndee,
: it is a well.known fact that day or two b
! ! fore the chssges were preferred again
9 the Secretary by Mr.. Frank Blas
Q lit. Chase wrote out his resignatio
Z and Senator Pomeroy had 1t In his pocke
!. Rut Then the chaEges yer we're 4 brought torwar
= to tender 1t until the matter should b full
!, investigated. and accordingly 1t was not Sc
a forward. THIS forenoon the nomination
r Cor. Tod, OF Ohio, to be NJ. Chase's 81
!. cessor was received By the Senate and imu
: dintely referred to the appropriate comm
tee During the afternoon the Senate
= nance Committee waited on the President
:. - enIearor tc heal the breach, bnt Mr. Linco
- was inmovaole, and declared the sepasau
. irrevocab1e. -......,
!. In regard to The new Secretary, repost /
Cbase's financial system. This Ia not
. case, for both his political traditions and
!, present views bring him into close coin
~ dence with the leading features Of Nr. Chas
- system.
u LArxR-1o p. Mt Ii stated that O.
:" Tod has refused to accept the appointms
1t as Secretary of the Treasury.
{FYom The n. X. Tzibune.l
n The New York ITigune thus speaks edi
O. rally Of Mr. Chase and his resignation:
~ 3Ir. Chaxe has acted from the first On p
Ia found conviction that the shareholders
~ bel1ion required for its suppression grea
~ sacrifices and q. more selfforG etHng de
ton on the part Of the loyal States and P
n pie than we're generally antic1pated-mt
~ than many Of them were willing to acco
is. His personal enemies assert that ne Was =
-, 70 ing, in March, 1851, to let the seeding G
~ ION States 70 in peace If they would
.s await tbs indispensable assembling ofa G
ns yentIou. and he has never deigued to conf
II. diet them. But, from the Wanton inauSu
- 10 tion OF ciril war By the Confederate ot
~ ba1dment of Fort Sumter, AI. Chase has 3
do .h one OF Il e most strenuous upfoldera II
~ national integrity, aud vaa one ot Tue ct