, 1865-01-11
FROM WASHINGTON,
Editorial Correspondence Of tac Chicago TEl-
bune.1


Editorial 'corzespondenee Of tae Chicago TIL
w.sTzorox Saturday y.n7
Tbe c,.c,,on to the Sonata from tha statc
ofa{n;nc ofMr. Fessendep. settles the question
orht. ,o,4,nnnrce In cf,4ca a sarratorv ~ ~.
treasury. nc WIN resign Ills porliollo On, or
before the 4th Of March next. and the Presi~
dent must, In tile meanwhile, cast tabout for
.,,ocaee,r
Trsss .,,oee AZ. f,,s,v ,.at,,,oa =, ,on
lnee As.h . a. a. eaaa" ' ~. ~ ~. na...So1, - son
nccSon "lln .1'o ONCE. f'fsI, NJ. bous"ell,
late Commissioner OF Internal Eevenue, and
chnsctts. He Is man Of yery fair talents.
e.t... r,,ra ona sonna baa,+h h,, ,,,,.. ~
aet'se A4pN' :, .,AN 0"onu usa'@n oap uu's Ivy
be set up as the peer OF Chasc, IN lntellectnal
resources, originality, or force of character,
Second, Senator Morgan of New York, for
-, a,o.,,a, a,,1;,;os Ho .-nn,d ,,,nsF
oi US nlAae4. aonstss' o 49, ..ost
likely 1ake nan street f1e" oi LIE treasury
affairs. and adjust his course to please the
idcas of the "bu1ls and "bcars''. so far as
-.s~,,t,,a =, II. ,,.,ro. Th,th,,a r,,,.,-or.
inently spoken Of, is that Of Mr.. Mcculloch,
the present head Of tho National Banking sys-
tam He IN naonh,as,v mn shfe tnd;c,oyo
s,.s.o. 80. 49, ~ .aa. T.. I,,a;s n.,,1
oisctce1 osuAe.' 10 ms e1fess ~ - auu1A'aa .unS
proved. But "Aether he Is Of SUFFICIENT caliber
to handle the Treasury Department is
not known, not even to himself. Dut
~ tha ,1,rsa r.r,as unn,,onoa ,ron1, rot1,
iE iu h;ns +ian aes ei,has - ~ @ moutq TILL
81 tleA nut .nan slsae. VI atc olueis. tu'uh
~ WE'VE III IT 1;1 plomols nntaona'i !css
~ ~ sef a WaM 4t ao ~ ~
lo. ky ~ ado u ana oyes nut o.
neVe lnat ~ Waso9m 99.s an5 patrio1,sm cenLers
I4ElG uQI 10 Lie A0QlElCN W duj
lol unsGeu1en KS g. "naica.. a. saalnplasisF a
e41p1s, Gn11ac, ~ Luz faxor T{, ~ ~ ~ nc; e.
ilt Cqilecn y, ~ LII aa'pr o. taang oni Q,
sssenSe ;s.,aa,a a. losat noletgaGueous panhs
A1 anu su9stltnuns s onE ~Mao1 ~ system o.
Nanonai 1 oahhIng ~ anoea ois reaeIat e9al1oi anu
expansion o. currency, ahd thinks tnat one
q the surest ana pest methods OF reducing
the price Of gold Is TO contract The volume Of
the currency which Is now more Than twice
as large as the commercia! wants ot the
country requires as is sdemonstrated blythe fact
coin. Il hali the currency were called N ana
burned, the residue Wooid % worth ot least
s. cents on the dollar, and tue expense OF
carrying on nc war would De reduced TO one
bali. 1enundaney oi currency aaulcts the
country ana "a inn Inc e5ea
and The country receive ,e In consideration TOR
its bonds lces tnan nan "hat II promises to
pay. 1t receives 1Iom money lenders, On the
HYesase "a csnts ns, q p1opssty aaa gases i.s o.
nEauon los 3a1l aolia{ ~ CON, Win interest @
also IN com. for eacn !oaT 9unotea ana 1orty
ets, the Government issues to them
Its bonds Tor one hundred millions
redeemable IN specie and drawing sixty mil
lions Of annual interest IN coin, or about
Jourtesn per cent on the property actually
loaned. u eTeI there comes time When
natlcnai lepnalal.Vn s4au pe serlonsly con
.templated, rms Wni DC tne canse OF II Dcin.
agoges may harangue the tax payers .9 behalf
o. 1epuamting a. least nall the National
debt, on Inc ground 1hat the Govern