The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-14

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go .;.s.-.-- sSss s.......... e
iSrs......... Sse :IR a ......: 80. sSSH
mo .~2s N sns moaey mSrsss d reflected By The sAss-
m.rs " Ma CsHrsnx House banks fos the week, tho
dspo~ having Increased thAa four nnlions, and
ne la~ss having declined nearly one hundred and
tw~rsy shoas~na Gail loans governments are made
sx - ssns 10 ara cl<s eouower~, but seven the
ssxuA~s rSAs ssock hsa~~s rhe supply Of commercial
p~vsr y nshl and Indicates Ne long prevailing DUNES
m w~a@ That AZ me bs~s quAly rssss - 10 POI
ssus end ana sscas6 grade a 10 "a 2Srchsns and
srrsssy>s are buying only From hand 10 mouth rhsrs
10 ssnsr< disposition 10 curtan credits and oonins
u~ns.suoas within short nmsts 10 Wow Of the dimn.
shed demand for gods absolutely necessary from
90 psspas md ss general uncertainty attending national
saAau
YosssH sxch~ns~ remained wesk end Inactive fhs
rHkH srs nomlnAily unchanged Bznkcn' sterling Il
axsy days qnossd ~ Iosk losk al shrss days 1905
anon rhe 500 NJ eosioa from the southern country
prvmls~ mako fereign balls atm Of drug In ne
mxrks< O. Saturday Ass eleven hnadrsd and any ave
bxlus arrived frees ssmphis Csiro, for Cincn-
nsaa Already me prospective shipment u southern
cotton frvm por has caused sharp r.aacson Of the
pncs q hosh the and mAnafa tured article abroad
Tho demand foe cotton from iads has the time
ss~isd and me commercial mind u Europe preparing
Itself s rs~umpson o. The Old trade with This ntry
This suxxcss The poshiliy ~ export tan cotton
and sosaeco nothing else. by amendment Of the
constitution rsmcving the present rsstron These srs
times IN which arr li4sis rapid changes and mss
sure sss adopted Win . sadd~nnss~ With bsfors The
vsr. would have ben impossibls We ssssrvs IN ne
proessdiass Of me Houss ef Representatives to-day
thas the psssmhis and rolusioas % me PhIis1spAh
Board u rrs<s. hvoriss ssch sasrdmsaa wsss ~
imposs o. sh kind I'd vxior~m torn might b. s~ssa
IN spss % ssssea and tobacco with msss good shaa
harm 70 ~ country m tho inmsdisls future, sos n
would ssrs 10 srsawshsa me credit q NE govern
mont BY providing sddiAonx mesns fur the psy-
msst Of the interest," on ~ gold bearing dsbA
while the articles h auson would b well sbls W bear
ths tax soms swsng argumsns may be urged sgAlnss
ib general adoptisa, foe would usdoabssdlv prove
drawback 70 The export q bresdssazs and psvvssoas
but cotton and obacoo too Indispensable 10 The n~r
kets Of the world 10 10 ssrousy affected by mosssss
export TAX Heavy ~xatioa must 10 NE ordw u ths
day. and no Legitimate Of raising shou
b lost sighi of - time when the gevenmsas sxpsna
lures than millions day In sxre~s ~ ~
rsoeipsa injodlcious ~xss however, should 10 caro-
fully avoided and such recommendations a. tha If M
Morrill,. 70 tar State bank circulation shs rHis of
half per cent . month, should DO oArcfsily rj~cssf
Tho national hanks tAvei caiy ~ shs
rate of one per cent war their average
aud the taxation Stale bank crcai,os
II 70 be increased the National Currency should be 70
amended 10 subject national institutions ~ similar
incrcass. There should In any be uni orm,y an
no rcbbans o. Peter 10 pay Paul
And tho same time that our LEGISLATORS study the
principles e taxasicn they shoud ber IN mind that
lidcods economy less imperaiively called Tor Bas
a. yet hsve disposition evinced either IN Con
gress tho departments, 10 reduce expcnditurcs Nev
and costly public works. Of wh Oh the country stands In
no present need are voted for ths Treasury suffered
uadcr plethora Of funds and the resolution 10 increase
,be salaries o. tho members ~ the House % prcucns
tyes fty per cent shows The dr Of the Congressional
mind on the fnan ia question The representatives Of
the people saom forget thai the pay of The army
sbout i've months ar and tina, more than hun
dred and twenty millions Of dollars would probably be
required TO discharge particular obligation; IN add
ton 70 which largo sums are override 70 CONTRACTOR
whoever Mr. Fesse sdrns successo In the Treasury
chair may DO he will have hard task before him, and
one calling tho employment Of great financial ability
The President seems 70 have acted prccpatey In scnd
ine he nomination Of cxGos Morgan Of shis STATE
TO tho Senate and aftessaras sending special NEE
senger to withdraw IL Tho message making the ncmi.
nation having been already opcntd BY the executive
sierk, however u could not Be returned without
written order the ongcr had 10 return for farther
instructions Later in the day 10 was tcesaphsd on
doubtful authority however, that Mr. Nc ulloch, the
Comptroller Of tho Currency had been appointed 10 an
Mr. Fessend MS place The indscrecs haste shswn IN
making this nomination ,ends 10 the infcrcnce shsa
the President correct appreciation Of the TN
portance Of the sels ton OF ncumb iSr NE once
In question What the country wanna h neither mcrs
merchant mere politician, nor both combined, nor
any disciple Of Mr. Chase 70 take control Of the Treasury
Tho occasion n ore q. great moment and the AdminS
tstion should give 10 II serious consideration II do
mands man Of trocd ssatssmanlko viewx, FREE IRON
party prejudces M much m possible who " familiar
with the resourcss Il the country and has made nscAi
ou, sions study, and who would labor diligently the
work or devisns and executing measures for ncrcins
che public rcvonus while simplifying saxaiion and
shove ALL Ls tide Of paper moncy imitation and do
probation which have already than doubled the pub
lie expenditures He should DO willing gradually
undo the evil work OF the past and not ke 10 hesitate
An proposing radical " h-cl reform when The
interests Of the ration required their adoption Senator
Morgan has any OF the qualities necessary 70 good
minister OF finance, and Mr.. Mccuoch woiid bs mere
sscoud edition OF Mr. Fessendsn and Mr. W ssnden has
proved . bind follower OF Mr. Chase Ths country has
had enough Of Mr. chsss and desires 70 du-
dictates OF the original In once Where tho Presidents
can and prominens man equal 70 the great task 10
store for him would b. dicut to ssy but he ought 10
discard politics and political nnnsncc In the choice and
look only for that strength and wisdom Of which The
bead Of the Treasury, more perhaps than THAI Of sv
other department, stand 80 much 10 nssd
The Attorney General of this stais has advised The
senate that shs Huhon River Railroad csmpanysrs obl
gated by their charter take and carry psnons upon
sad rarsad TO and from IN southern terminus - Cham
hs sreessn such manner they BY their rsgulasenA
nkaU Inv tha ~ ~
or Of any mechanical or other power This allows the