The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-02-12

i ns""o'1 "a" '"o Aioany Regency on tho passage o
the constitutional amendment; that through som,
iegerdemain Richmond and the Regency were to b. en-
grated upon the republican party the exclusion Of
New York radical element There really sreal
commooa over this idea and Of those who feared
such result actually went TO work trying TO get ceraiz
New York democratic members - vote against the
amendment This tempest 10 the tcapos finally died
when other schemes were resorted To.
now said that the late peace negotiations part
and parcel Of the movements for party reorganzatIon
secure whatever soai there nigh, be connecssd with l.
10 hopes that peace was the result he would b able -
ride upon the wave Of Joy Of grateful people, and thus
IL 1888. The sudden appearance Of Mr. Lincoln In
Hampton Roads must have driven such thoughts from
through the negot alton Nj. Lincoln would be the maa
10 whose credit Il would accrue.
As the matter stands here Il Ia somewhat unccr-
tan what this question will take There ms-
taking the fact thai the President inclined and de-
~s
are In his confidence believe that the day for extreme
measures ps.t The amendment Of tho constitution hav
ting passed, abolish slavery the OF shs rebellion
much the that the true course 10 - tempor
Justice with mercy universal belief exists hers that
the present party lines and divisions which have existed
heretofore will become extinct that issues
combinations will shape and mould the decisions
wransies In the Senate chamber between the wade 70
putcans aud the moro conservative OF that party
Of events, three occasions Ben Wade
and Senator Powell the tive extremes Of the Senate,
have stood side BY side defending each other
Tho samc thing has been witnessed In thc
House. Ia Fact, there numerous ~ the
frogs Of Egypt Of rorganization Of new parties The
the division VII, be made is present difficult TO say
y kelly 70 spring up at any time and become formi-
within the lines Of the party Tho entire pressure
OF the whole movement Of le has been directed toward
nary strength and Conscience to draw the elements to-
gether, or at least 70 form cleus Of new party
Nor has the dea b en- abandoned The movements In
reference TO the reorganization or he Cabinet are all az
fected BY this influence All gossip IN regard TO who 10
go in and who is Of the Cabinet Is merely
leaders In the State Of New York. the late Weed Opdyke
libel suit, and the quarrel between Andrews and
eosss. tia. wasas a between Il. factions
to secure tho control in tho new deal Of par
Tho opposition 70 the Confirmation Of Mr. waseman as
surveyor venture 70 predict has nothing whatever 70
40 h ar % noa nS 70 n n% sm ac;
out that all arises from tho fact that Mr. Wake
holds that position he will b. enabled To- WELD GER
tain power, and III measure influence and In fact
shape events which will assist in giving tone and direct
ing this party movement In that light the action
Is Of the small things that point the
drift Of the enables the observer Of events
idea which faction In New York hold tho upper
hand and be on the winning side for the great contest IN
1903 Look At II as yoA will that Is tho point which
The question whether the conservative moder-
ate democrats will be drawn INTO tn new party arrange
ment depends . great deal upon what encouragement
they from the administration and upon what basis the
party Is formed These are both questions which
II will take some little time to decide That
they are ready II evident, and that new party
will have 70 be drawn Is certain. Tho only ques
ton is what shall 30 the new issues and who shall b
the guiding mindst These the very questions that
the pr sent events arc solving - rapidly a. possible
and The Am of March, Tho Developments win be
fully chronicel for ts ansssnent OF ms public gene
Bat ,lo has been published aasy In rssrsncs 70 the
osgauisaea Of the cstuoi Only one point ID positively
known BY any person and tina. ssha. Mr. yesssnGsn
hoped for the good Of Ike ooussy that the prssdens
s 1sa% position ss al s 'ss ss
the war commenced Mr. Fessenden Is nnancier has
there should be some person In the Treasury who could
organize system and have the present Congress
EXECUTION during the recess, Mr. Tesssnasn re-
| mains theirs quietly letting matters DRIFT, with.
thu. The l q March should como Is soon a. possible
and put him ous Of tho department into the Senate
There arc on g n, Sso
present Comptroller Of the Curency Senator Morgan
Ex-Governor Boutwell,. and Representative Hooper,
Gus other lesser lights whose names do not
first named are probably the qualified FOR the posi-
ton some tho others certainly not t for the pc
ston at The present crisis IN our monetary affairs The
personal friends Of Morgan all advise him not to 60 into
the Treasury, aud in fact Ii certain that no will not
unless the President insists upon 70 ~ necessity The
burdens Of that position great liz duties so abor
oas that the chances arc will ruin tho reputation
OF any man who takes hold OF H. and senator Mors
Present IL he accepts I, al all There are those here who
consider that Il Is certain that Morgan will be the
cessor OF Mr. Fessenden. But Is certainly just now az
doubtful as the a estonwhen will this terminates
The agitation ut Albany has sod considerable amusc
ment here especially win Governor Norsans Su ,
wayby ,ecng him United States Snaor, In order that
the Lieutenant Governor take the chair
Th agitation Is kept up In hopes that something OF that
kind II be the result All this talk has had the effect oil
convinc ny large number that Morgan really Is to be ap
pointed Some Of the capitalists In New York city have
| written him congratuatory letters
within the last few the tide has evidently turned
Tho unwingness Of Senator Morgan take the position
has sed those who anxious that person Of ability
and financial experenc shoild be placed in charge Of
the 1nancies Of tho nation TO look around for some
person centre upon. They have found that person
10 Hugh McCullo gh the pr. sent Comptroller Of the
Currency. Almost the entire West have united IN
urging his appointment Governor Brough and
-.ler load ng men in Ohio are also turning tho
light Of their influence in that direction. Aside FROM
this, number OF bankers and capital sts In New York
AID New England urging his appointment There u
Ia the East naturally great deal Of suspicion OF Western
= nansrs Oa. Chi, rule does not appear 70 apply
hold Of the State Bank OF Indiana when s stock
nominal sum aud brought the Institution up During
the panic OF 1857 VIII the banks all the country
branches we're prevented from following in the sam,
channel and were carried through This Of course, hal
given him great deal Of strength with moncyed mel
all the country. His appointment will DO opposes
by all who anxious " ncreasc the currency OF thu
country; for Mr. Mccullough strongly opposed 70 any
further ln1aon but the other hand nsists that tn
| policy o. the government Il 70 forthwith commence
gradually md systematically 70 approach specie basis
lie has been Of great service the country hs pressn
position By showing 70 those national banks which have
asked for an increase Of currency how IL agains
their interest well that Of The country 70 increas
their circulation, and thus prevented large incress
which 9th rwse would have taken place.
The general impression here for the last few days
that Mccullough Is 10 DO the who 10 take cbarg
OF the financial department But Il Is hard 20 tell wha
will transpirc between this and the 9Th OF March. Al
those spoken Of nsy be forgotten before thcn
some else loom up the great 6nanc Of the age
There o ramor quite current here that Ausust Bel
nonte miss 10 Edropa Ia In reference 10 determine
cn Of the Roihschilds 10 invest largely In tho re
bonds VI The ned Statcs that he requested b,
the Rohschiids 10 obtain certain data and vst Euros
when the full arrangem nts would be made TO carry
the Otjsct Tho low price Of the gold bearing bonds o