Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1864-07-05
N II. CHASE.

The resignation Of Mr.. Case il The burs
ting Of The largest and most g.ittering bub
bic blown by the administration Of Mr.. Lin
coin. The management Of the finances dur
ing the past three years has been the them,
OF fnlsome erloyy by the entire abolition
party, and the Secretary Of the Treasury
has been presented 10 the nation rs the cni
bodiment Of financial skill and sagacitv
How p!casingly the loyal have tlilate,
upon the benefits of uniform currency
secured by government stocks, upon the IA
cilitics Of exchange, the abundance Q
money, the general prosperity !; and how
unlimited has been the confidence cxprcssc,
by them in the ability Of Mr. Chase to COZ,
tinue the money millennium undc, which
the nation has rcjoiced They claimed a
right to divide with 1.-THE peerless and in
corruptible Secretary" the honors he was
winning. 1t was their -agacity and keen
ness OF perception which discovered and
appreciated his genius Mr. Chase belonged
not to himself but his party VIII i. share
III his shame, As it claimed to share in his
short-ivcd rcnown?
Tie saw his end approaching, SAYS the
Chicago Times, a;id prepared to meet ii in
his letter to Senator ic-scnlcn. Without
military success" he predicted that AL
measures ofrrlief would fail" If we may
credit tn" bulletins of Secretary Stanton.
we have had an uninterrupted series Of mil
itary successes since the commencement of
the present campaigns, yet gold has ad-
vanced with oar armies, and each victory
reported has given tho bears In Wall street
triumph greater than that won by our
forces over those Of Lee and Johnston
Driven, rs he is, from this las. plea in OK
tenuation Of his failure, he is left only the
general statement that the prolongation of
the war upon scale OF unprecedented mag
nitude has taskcd, beyond their capacity,
the resources of the nation
This is true only because his management
of the Treasury has exhausted the national
credit. With ski!ul conduct OF our re-
sources, we were abundantly able, com
'ncneng in April 1861 to maintain an army
OF six hundred thousand men in the field
for an indefinite period Our force during
the war has not nearly averaged 50 great a
number, and yet in three years the Score
tary retires from office with the confession
ih9f In X ,rna1,1o N
bankruptcy.
lie is in great degree responsible for the
corruption which has doubled our expendi
lures. II was his policy which inflated and
vitiatcd our currency and opened the ave-
nues Of speculation and corruption. He
has protected and thus encouraged his
agents and suborlina.os in plundcring.
when plain proof has been furnished Of
their criminality. 1t would be well for the
reputation of the Secretary if even graycr
charges were not sustained by evidence
which he has not attempted to rcbut, and
which leave room for little doubt that he
has prostituicd his office to his avaricc and
ambition
His whole course in the Treasury De-
partment has been mistake. He assumed
that the war would be 'short, sharp and de-
csive.' He was probably infected some
what with the sanguinc hopes of SIR Sew
ard, and imagined that the credit Of the
government would be ample for the main.
tenance of the contest, without resort to
taxation. In common with his political as
socrates, he feared the effect upon his party
OF imposing immediately upon the people
burden which would give them painful
a1d tangible evidence Of the falsitv Of the
promises and assurances which had secured
the election of Mr.. Lincoln. He had no
conception of the probable duration or pro-
portions Of the contest, though he has been
chiefly instrumental in pcrvcrting its object
being either ignorant or careless of the fact
that the perversion would infinitely and
hopclcsslv increase the obstacles ATTENDING
its prosecution.
lie retires unmaskcd as a polished hypo
crite-a pretendcr who has imposed upon
public credulity-the best of an imbccile
and corrupt administration, which, in three
short years, has inflicted upon our flag and
nation disgrace and shame which outwcighs
their past glories, and which. has mortgaccd
the future to procure the desolaton which
reigns over the present.
Petersburg during the RevOl,a.
ton OF 1915.