The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-17

of our daily transactions. But as long as the
government keeps from seven to eight hundred
millions of paper aHoat there will be no per-
manent reduction in the premium on gold.
Spectators know that fact and operate upon 1t.
Reconsideration I'm the North.
We announced yesterday that President
Johnson's reorganization measures for the
Southern States had 80 far progressed that ne
now had an opportunity to attend to the In
terests Of his administration in the North. The
removal Of Collector Draper and the appoint
ment Of Preston King we considered as only the
commencement of the decapitation Of radicals
of the Chase regime. Our Washington des-
patches this morning announce another change
in the federal Office holders at this place, in the
removal of the Naval Ohacer, Mr.. Dennison,
and the appointment Of Moses F. Odell az his
successor. This announcement is also followed
with report of contemplated change In the
Custom House at Boston.
These facts conclusively show that the Presi-
dent has taken hold of the work of reconstruct
ing the politics Of the North In earnest, and
that he fully realizes the importance Of max
ing clean sweep Of the Chase, Jacobin and
disunion radical agitators, who have for some
time past been plotting for the defeat Of the
policy and announced measures of his admin
istration. Judging from the character Of the
men selected for the two appointments made
in this city, Mr.. johnson intends to rally around
him the moderate and conservative men Of the
country. Mr.. Odell has always been demo-
crat, and elected as such to Congress. He,
however, refused to act with the copperhead
element Of that party, and favored the war
measures of the administration Of Mr.. Lincoln,
and has been recognized as one Of the most
prominent war democrats. Here, then, we
have man taken from the republican party
(Mr. King), who opposes the radical portion Of
the party, and man from the democratic, who
has opposed the measures Of the extreme or cop
perhead element of that organization, and sp-
pointed to two Of the most important positions
at this port in the gift of the general government.
There can be no installing the meaning of these
acts. That President johnson intends to carry
on the work of reconstructing the departments
of the government throughout the North, and
remove all those who have been using their
position to advance the radical platform and
I'LL their places with earnest Union men, who
will cordially support his policy, may now be
considered fixed fact.
The shaking and uneasiness manifested among
the appointments of Mr.. Chase in all other posi-
tions, including the Internal Revenue Depart
ment, indicate that they read the handwriting
on the wall, and understand that their labors
In behalf of the Chase antiJ ohnson interest have
made their terms of Office exceedingly critical,
and are liable at any moment to receive notice
" that their time has come" This action of the
President has not come any too soon, for the
most extensive arrangements have been made
by this class of intriguers to oppose his paoif-
cation measures and keep the country in hot
water, and, in fact, plunge Us into another war
if possible. The President, we repeat, has more
to fear from the disorganizing radicals and
Jacobins of the North than he has from the
Southern people They have been using the
Custom House and Internal Revenue positions
to accomplish their purpose, and nothing short
Of general decapitation of those who have
been engaged in these plots, and the breaking
up of the New England Jacobin oabals, will
prevent their melting strife and stirring up an
instruction of tho blacks in the South, leading
to desperate and relentless war between the
two races. This, following the expensive wal
with the rebellion, will increase our already
large national debt, and not only be serious
blow to the country, but will be fraught with
the most direful results. We again urge upon
the President to continue bis work already
commenced, and thus give confidence to the
great mass Of the American people and insure
stability TO our government and institutions.
Tuu Nav nppAprMrNr Ann Ira SrEAx EN