The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-03
NEW YORK HERALD. SUNDAY, SEPTEMBER 8, 1866.

II l. OAvN A11AVxAAOS W.
The Financial Disorder-The Remedy
and Its Necessity.
In surgery there is an axiom to the effect
that desperate cases call for desperate RENE
dies. This can be applied to the body politic
as well as to the body corporate We have no
desire that the American people should earn
the reputation throughout the civilized world
of being a nation of swindlers and gamblers.
Successful in war, ~ well AZ in all the peaceful
and productive arts and sciences, we wish
America to become no less celebrated for her
financial and commercial system and its opera
tions. And should the tOurniquet be promptly
and vigorously applied-with sharp turn Of
the wrist, If necessary, that should almost am
putate the limb in which the defect exists-this
might in due time be all accomplished.
The late revelations in Wall street, the Ketch-
um, Windsor and Jenkins cases, and the hum
dreds Of other similar instances of financial dis
order and population, which, from their insignif-
oance as regards the sums involved, have never
been paraded before the public in the news
papers, are sufficient in themselves to convince
the most Jealous believer in the virtue Of our
present financial system that there is actually
and truly wrong to redress. an evil to correct
something rotten to be purified, matter for re-
generation, and general fumigation in this city
and elsewhere, which will sdmit Of no delay,
but needs the immediate application Of the
tourniquet or the soalpel-and both, if neces-
sary-to the end of the positive cure Of this
MONEY scabies which has broken out and is
rapidly corrupting the entire continent.
The use Of spies and detectives is not gene
rally to be commended, excepting in rare and
imminent instances. This is one Of these in
stances, and if in no other manner can the
great frauds daily perpetrated in the matters of
insurance and banking be prevented, and their
perpetrators circumvented and sacrificed on
the altar of justice, let these lesser evils be
brought to bear upon them, and we shall see a
conflict which cannot but result in great good
to the vitality interested spectators. This
higher law has already been brought to bear
upon people who insure their perishable pro-
perry in any ofthe insurance companies included
within the limits of the metropolitan dis
ton In the case of all the banking institutions
within the same boundaries. 1t is unnecessary
to enter into the particulars of the proposed
remedial institution. They will readily suggest
themselves to the intelligent reader. It might
be called the Bankers Protective Association,
or the Peoples Protective Association-or it
might even go without name, if it only proved
successful and useful. It should have for ito
end and aim the proper selection Of oil paying
tellers, receiving tellers, bookkeepers and
clerks employed in all the banks of the city-a
particular branch being included which should
carefully watch over and report upon the con-
duct without and within, during business
hours and when recreating, Of every man and
boy engaged in the business of handling the
public cash, too much of which now finds its
way into unmerited and improper channels for
the safety Of the people to whom Il belongs.
Anything were better than criminal inactivi-
ty. There is nothing like trying Torpidity
is the next kin OF death. It was laziness which
brought rebellion and four years of devastat-
ing and consuming civil war upon this coun-
try Had James Buchanan possessed the spirit
of man, had he been alert, alive, active,
energetic, the war and its deplorable concomi-
tants might have been nipped lin the bud and
the confederacy crushed before its birth. Let
this financial disorder be probed to the bot.
TOM Let the hand be steady, but determined,
and the thing may be brought to sudden ter
mination before we are ruined past redemp-
ton. Buchanan slept in fancied security while
the secession scorpion was thawing out at his
hearthstone. We are threatened with snake
equally destructive. Let us turn upon it in
season, that it may not gain strength and
eventually die only after having sacrificed
the vital interests of the nation.
Proper attention to the education of our
Young men who are intended for the financial
professionalism "as the twig is bent the tree
will incline"-proper attention after entering
the banking houses; the payment on the part
of the bankers of living salaries, but not ex-
brilliantly high ones-for the man who will
steal a small sum on q small salary will steal
more upon large income; and perfect I'M
derstanding among the employed that their
every action, day and night, is under strict sur
veillance, will soon bring this pervading
criminal cycle to termination, and ipaugurate
upon its ashes the era of peace and financial
and social security, which at present appears
only in the dim distance. Distrust, theft and
roguery, which for 80 long time have held
high carnival in the metropolis, will be con-
signed to oblivion, it is to be hoped never to
hear the trump calling them to resurrection.
The MODEL SOIDHR-GENERAL GRANTS VN'
prcAT1oN OF GENERAL HUNTER.-In the New
York Citizen Of yesterday, and in Colonel Hal.