, 1864-03-12
11oNoR TO WHOM HoSoR Is DUE.

3e
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1,cror ro r.ucw- unxop rs Dvr,,
Xhs3c thc MISUNDERSTANDING ~ +to ,,onn1ar
will, t1,rourh a ,no;orftr of +be stota aa;s-
1oturcs throrg1, tha ,,rcss ,f al ,,ort. ~ 3na
,onntrr ard 41,rn,,h +h, ;nfo.,,.1 oon-.,,-
,;,,e 1,.ro.neo-o ne,s ,,-n .,,,=.4.,.e,,,,,.
,,a;,to., - ~. T,,ao,., .. 49, 80 s,.e:ss -
~ ,oo.,1a e.. 80 a-t p.a.,;,eso.
49, a..s...ss 1,>,,!..s IN.N1.
~ So s..'s..sus - ~ - p sss "
' SnA' "Ps ~, ~ n,s oePa, 1lten' ~ y.
nAaAee' auo 40 uese.s eu popu'a.'ts anu
p'Nu' slsc W n's aee1na'ton o. tne eanoi-
oae5 ct"'ac.el VI 1nasnanln1ss ano even
scnc'o..4 "n1cn luz Alne1lcan people "ln
cta'eahny remember IN hls taEor. It Is need
aesh no" 70 speculate "nat might nave been
Ills ehancee OF success, "hat changes or con-
t'neencles might hare arisen IN bis favor, or
What additional strength might have 1ooned
up to has support, had he continued In the
neia. ALREADY, powerful advocates had vol
onteefeo 10 press has CLAIMS upon The people.
lhes are Ices giafans 1nan taose Which mill
ta9s Success m1gnt give, and less conspicuous
.han pfoctamanons initiating great revolu'
nohs In l,ontfcal and eocia economy would
confer. but lnes require perhaps larger
measure OF pohtaeel wisdom and sound abif-
,1y tAan either the nero or the revolutlouist
need possess
Inc Claims o. Af: eaaee 10 oc cons1deFed
IN .he foremost fanh oi american statesmen'
anu therefore as OF tae namoer OF those from
"hom ffesioen1 might at any time With
sa'esy oe CHOSEN, nave been earned in tue
course OF 4 long, coneletent ana 1aath1ni poht-
1eal career, calmlnn'ins IN .ne "'se discharge
u tae "o1e o1lncult .oouSn less conspicuous
duties connected with our Government In its
present ofonons struggle. lhey are not OF
hlho 10 eac'ts ne enthusiasm OF the
people, ae" o. "nom haFe Ine ume
- e1uos pouucai economy ana hnance'
1hes snow; moeco, "netAer sound cur
Iency p1e'0le, OF "aelnef On tne contrary
that IN Which they to-day invest their
lies earnings tomorrow Is worthless
But during heasy "ass all currency Is neecs-
sutily someWhat Iuctuet1ns. Gold as neces-
sar1ly disappears; and the success OF gov
erlment In Keeping its paper approximately
near to gold, Will, always be comparative
rather than positire-partial but not abso~
Lutte. This leaves the opposition-and every
free government, even the government of
God himself hae an opposltion-n too inGo-
lent to compare the success Of other govern
ments n,sd administrations under similar cir
cumstauces with our own, or too interested
to admit the conclusion in which such COM
1mrison would reeult-the opportunity to
claim that the success ought to he greater,
and is therefore a failure. Mr. Chase entered
upon his Office at the close Of long interval
Of national peace and financial prosperity,
during which no national treasure however
had been accumulated. The country was
rich In resources, the treasury-banlrupt.
Thirty years before, the National Bank had
been destroyed, and unintcntionally and from
patriotic motives, but nevertheless effective
1y, the utmost possible had been done
to break dorm the financial power of the
Federrl Government md remove au financial
difficulties which could stand in the
way Of secession. Tie Federal power was
deprived OF Its National Bank, and the
people OF national currency The Federal
Treasury YRS placed IN such position that
its accumulations coEld be OF no value OF
use, and then distributed among various geo.
graphical sub-treaeur1es' as II 10 say, soatn
Carolina, whenever yon choose 10 secede, SO
much is yours" and LOUISIANA "hen son
would play the traitor, mere Is q specie basis
for your reoelllon. taus tne seeming Pc
cuninry interest," "men me peopie nao ae-
peneins oa tns . na1soau.e ~ usu. ~
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