Daily national Republican., 1865-03-24
EIsAsors OF THE FuruRE.

eHshpANAD - hO ulohahh Neys VI PuOhN
terest from the military TO the financial
sltuation. The military problem Of the
war ls In process Of speedy solution; and
we may now begin 70 east the horoscope
OF our financial future. Il. -4a
The preeut able Secretary OF the Treas-
ury has before him task second only 70
that which confronted Mr.. CHAsn at the
outbreak Of the rebellion, Settlement day
IL approaching. A financial policy, to
meet the transition from state OF war 70
one Of peace, Is TO be adjusted and per-
fected. The failure OF Congress during
the hrst years Of Mr.. lLNcoLN's admins
tratIon 10 act on the suggestions and To
heed the oft-repeated warnings Of Mr..
Secretary CHASE, as to the necessity ofpro-
vIdIng largely for the current expenses OF
the war by taxation, left that oficer but
two other eaources--borowlng, and tbs
issuing Of paper money. The latter was
not only necessary 70 make good the deh-
Ciencles In the supply OF means derived
from the former, but also TO furnish the
AlIment which kept alive the public credit
lin other words, the means Wherewith TO
mGkeloans 70 the Government A tight
money market would, inevitably, have
prevented the rapid absorption OF the $50
loan, which carried the country over It's
most difficult and dangerous financial ori-
els. As we approach the end Of the war,
and consequently OF the necessity that
has kept the Government constantly In the
market as large borrower, the demand
for the use OF currency for the purpose In
dIcated will cease. But II will, doubtless,
hnd sufficient employment In the restors-
tion Of the commercial, social, and phys
Icsl well-being OF the devastated States Of
the South. There the existing paper cur
rency and credits have been destroyed, and
there will be an immense demand for
money to move the accumulated cotton,
and TO supply the wants Of population
which has subsisted for the last two years
on very small allowance, to say the least,
OF the necessarlss Of life. War has eaten
out the very vitAls Of the States In insur-
rection. Railroads and canalf, bridges,
warehouse, factories, stores, dwelling
houses are TO be rebuilt, hArbors cleared
out, piers reconstructed, fences restored,
farms restocked, all the springs Of agricul.
ture, commerce, trade, and civilized exist
ence put in active motioni In short, every
thing from paper Of pins 70 sheet an.
chor to be supplied, to repair the waste Of
the pest four years in that desolated sec
ton aaa ..,
All this will require the use OF q large
amount Of currency, especially In view OF
the fact already referred 10, that, aside
from the comparatively small amount ol
gold and silver remaining In the Southern
States, there is no considerable amount ol
redeemabls paper currency In circulation
This state Of things will continually pre-.
sent new problems for solution. The ad.
Justment Of taxation, so rs to provide
promptly for the payment Of the interest
and principal Of the accumulated public
debt, without bearing unequally on tn,
different classes Of the people, and on thu
different industrial and productive inter
ests, win demand the earnest attention o
, our wisest Statesmen In both the admins
! tratlve and legislative departments Of tn
Government. rrf. .
In view Of this necessity We regard witt
/ pleasure the indications OF popular Appre
7 citation Of the valuable services OF Senate
, Sherman. Of Ohio, who has been promI
nently Identified with every Important q
nAnclAl measure Of the Government for tn
last four years, These expressions Of Ap
provAl come not only from his own State
but from all sections Of the country. Mr.
Sherman, by his unwearIed devotion +
legislative duties, his thorough understand
! ing Of the financial wants ofthe country, hi
, fertility oEresOarce, and skin In the adAptu
9 tlon OF means to the end TO be accomplished
has won for himsolf an enylable posltlo
: among the leading statesmen of the times
s He is no longer simply one OF the sens
: torial representatives OF Ohio, but helong
1 10 the nation at large, which could III Afior
Q 10 lose his valuable eounsels and lAbo1 Z
J, a period like that on which we are entel
= = Ing. 1t tiS therefore with unfeIgned satlI
A faction that We learn that In Ohio, wher
Il his eminent abilities and services are al
Q preciGtod as they are throughout the cour
: try, there is no present prospect Of thsr
K being any serious contest on the GuestIo
Of his reelection 70 the Senate next winte
He has earned this endorsement from Il
! people OF the great state which he has I
faithfully and ably represented.
Is The State OF Maine has done Itself hont
g and has rendered the nation service /
). returning Mr.. FHSsnSDEN again to Il
+ Senate, where he had made himself O
n tremely useful before taking temporary
\ the Treasury Departments. ..
y Rhode Island, Vermont, COnnectIcu
MassachusettA, and other States have ali
. recorded their appreciation orthe servic
!. Of faithful public servants BY ASnding the
back 70 the Senate for smother term BY {