The New York herald., 1865-01-02

vss rsnsis hsrs during NJ rsss Thsy ere ssassslr
- - ssnA = the ddsrsas dsparsnsuss obtaining u
fsrmaes IN regard 70 whsA are 70 bs broushs
before Cessss = well - sstsaAing % private business
which they have postponed 10 this sccssloa Tns sub
COMMITTEES q Ways anl Mems Of The House work
preparing end psrcosns which bs aGtsa
upon by that oomnttss. scudiug finances. #
NATIONAL unAxCA l~Ms
rhs oommistes Do mot and very easy task 10 per-
fosn In rsf ersscs 70 tie nsaness oe the govsrpmens
ID No sztravasass assertion state that the anspcia
aArs Of the govsrnmsnt In bad way and gradu
ally going On from bad 10 wegsa II the oemmitsss ef
Csngsss succeed In sxcatBg Secretary Of the Trss
sury sron biz present dilemma they will psrorn her
cuIesa task. Thers 3 doubt but that the present
Minister Of Finance does The best sAat he how
but the trouble II that ~ dsnt kaow how, has be
asy one 10 the department. capable OF instructing him.
Under the present mode Of oonducsng the government
in this country the Cabinet Ministers and ether high
oncias selected 10 accordance with thsir political
power Ind influence In The dominant party Party quail
ncasons and party Influences shs sny test of Qua
casioa4 II the person who u ssscseA FOR important
post happsus to have the requisite Qualifications for hs
position which he = called upon . ni, much the
better for The country But that does enter into she
question Of his selection. ali question Of chance.
Wse1 t0Oo - vOvofnux ptucDso, most NButuvs
Ninsters can manage the affairs OF their department.
0n q assssans vIo does the busiasss o The
s.isy for Mr. fssssnden he has such lersou . .l
back upon He was appointed sucosssos Of Mr.. Chase
ssss "; e: Sssy q e, :''i .as
hovsver nses novice In nanOe, and u unable 70 conn
=: Is :. s
ay one n ths department wna cAu toll him what 70 do
=: ss : g
bearing upon the Qussilon taken
70 ps!ns y past .h:m.sv:., care bas iit..s .bos.
CLERKS The person sasds in tho position Of 2ssistans
Ss0rstsry and Other chef ocers know how 70 keep rhe
books ssraiEht, and can make very good baapce
sheet but there their knowledge Of finance ends And
one of the negroes captured by Sherman his raid.
ysexSDEN TAKES HE ADvlCn
Obliged 70 advice OF any person that comes along
A matter OF COURSE most or those who seek TO give
nssags 70 use the 10 carry out Their schemes
certain national bank bas universally borne The name
sos %: and
this bank Is doing 10 reference to different csses OF
rites The result Of the whole affair s that the Uoted
states Treasury now as under Secretary ChAses
Svgme, for the benefit OF speculators and stock
operators Those who know the ropes successful.
Every step that 10 taken increases the gambling govern
BE-. the very reverse would bs tho case. .'
What 10 wanted 10 man 10 the department who not
only thoroughly and the science
OF nnance but has mastered tho practical
man--a person who can take hold OF the question in
practical as wei scientific point OF view. There are
unquestionaby such mon In the country and those who
how much this or sna, bank could mako out Of It. bu. Ia
broader and higher sense. With such person the
departmentit would make no difference VINO secrs
sary of tho Treasury II he only had sufficient
follow ths advice Of this assistant stands
her the Secretary any bis
rlnuses ~ the busness. .-f Rft1 = n.
1HE FINANCIAL MIDDLE.
Under such circumstances IL IL 10 be wondered
that the financial sa - Of ths nation decided
mudde Tho only wonder thas the country has been
Able TO stand much laundering It has. NO other
TIE face OF the earth could have stood no under
H. The fact that cur finances are In - good condition
stand drain suci q no other nation ID Chriseudom
could bear up nader for six months With fscies ana
resources which enable u g keep above water the
have been presented TO tho world lad uanoes been
msTseso properly and prsc.lcaliy few bankers and
but the great Of business aborlng people
Hsaa nsys ossn =, me more while now
rich richer and The poor poorer. Nor il there
any prospect Of change for the better snd.r tho
dozen classes Of goverDmens bosds dsad
vaniageously upon the other TO such that u
thing for Of the ways and Means Commsos Of
We HOUSE 70 have srseas wait upon thsm and
bonds, aad couple their advocacy of such change
with the remark that t enables them 90 make more
~ from Ss sY q
cents 70 he tenory nvs per cents not done
interest 70 the but for the sole purpose Of
bsrshtDg those who baA invested In che BY
avowsd 6y OF those who had hand in securing The
ING generally 6oascss are 10 Rad way aad a. the boys
toas present securities fall short on msssss
the necessities OF the governent Tue great question
present ndcssoss Congress VIII not authorize the ,sas
o. any more goldbearing bonde nor 10 there any rcns
Of g ns s0d
convertible into gold a. future day Tns prospects
are sss ns bssssn seven thirty currency ntes, bonds
bsariDg intersst q future day. Those desire
securities q ksd WIN have 70 Ssks them % none
IL % understood that the sub committee Of lhs ways
asd Means Comnitses have decided 70 reconmsnd ths
bearing intsssss bonds, not 70 bs Convertible time
hereafter INTO any other class or - least csnverbs
treasury Dsparisps are 20 great thai Mr. Tssseodsn
fears that these, with she ssvsnthrtes vii provide
Ne nscs.sary means The dsmasd i,r funds Is hourly
Increasing 1hs requstiens accumuafing upon Mr..
Tsssendsss desk. me present modes Of supply fan far
short or meeting the wsDss what 70 " done in ,hs
every sspsr@snt that could Ss soscocssd Sy Is. Moud
b naancies ~ shs nasisaal capital has bSsn trsd bus
The naaDel. csan being simply experimental men, that Il
the only Ihis0 shsv sugesa Another experiment
ns SON. %!n x: sss:: NJ
s s.er.:o 0Pss ssy .,s " s,:ssss :Ssssr's hin.
legal teBdeso o. ten per cent interest notes;
bat the House committee DO inclined 70 srasny
hin IN that matter They insist that he sha rely upon
loahs and The adoption of measure TO Increase the
revenue By taxation. Bus the Secretary fears that n
win b 20 losg before additional ssurns win BE- received
rom such source thai win come too lals Immediate
rslia y what wanted and demsndsd BY Mr.. Fessen-
den. This may come upon him with such force that
Congress may b compelled - sanction Ali issue OF more
currency IN some shape. suCh at least, 10 feared
~ me bsss postsd on the Finance Commstse Of the
HOusA .tHfHf ftt88
Tbs fAet q The matter b the financial ship 10 drifting
about In ths see uncertainty, ~ the mercy Of wiad
and wave. MAJOR General Drifs n ~ the helm, with
Braadi General hsdocrty hrst assistant and chief
adviser. They are In hopes Of bringing up semew here,
but bow or where thsy have not The conception
rn INDIANA oouTnovnnsT OVEN YKypAcofA rnnAspnY
AGnur-TBn C0Tr0H Riros.
The appcintmsnt Of . Treasury agent ~ Pensacola,
florida 70 rscsve cotton for the government conduct
the trade at that point under The regulations, has
stirred up quite commotion among the Indiana poti.
cians here - well - In that state Mr. Usher,
Secretary The Interior, who has The general rspa
iation 6 being esy . nonsntty, - far - the
management cf the interior Department 10 concerned 10
pres % obscure clerk IN h department for the POSI-.