The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-19

bill. Secretary McCulloch subsequently denied
some OF the facts stated by Mr.. Clark, and the
result IS the reonder of the latter, which has
proved to be the financial sensation of this hour.
appears, however, from the explanation ofMr 1t
Hooper N debate IN Congress, that the Comp
troller was in error in his statements In his
assertions in reference to the Secretary's report.
The correspondence has developed an ano-
maly in affairs at Washington. That there
should be an open rupture between the two
principal financial officers of the Government,
and both retain their places, is looked upon as
extraordinary. IL has been generally supposed
that the Comptroller of the Currency was
subordinate officer Of the Secretary of the Trea-
sury, and amenable to him. That the Secretary
should retain person in office under bin who
Is openly opposed tn his policy Is looked upon
As mysterious. But when wo come to examine
the bill creating the bureau and office oil Comp
roller OF the Currency, we ind that he IS not
subordinate officer of the Treasury, but holds
an independent position, responsible, in TACT,
only TO Congress. His Official reports and com.
mupcations are made, not to the Secretary, As
those Of the beads of bureaus in that depart
ment are; nor are they made to the President,
as Is the case with the members Of the Cabinet,
but to Congress direct
There is no official or power between him and
Congress; no provision for revision, save with
the lawmaking power. The appointment, IL is
true, is made by the President, upon the recon-
meEdation Of the Secretary OF the Treasury; but
wheh once appointed no removal can take place
except upon written statement Of the reasons
which shall be satisfactory TO Congress. With
the present temper Of Congress 1t is doubtful if
the President viii be able to furnish reasons
which Congress will deem satisfactory. We can
not therefore fail to look upon the precedent
established in creating this bureau as detri-
mental to the interests OF the Government and
n serious mistake. 1t is the commencement of
the system OF disintegration which has brought
nj, the trouble, corruption, and prohigacy in our
present city government. IL is opening the
doors to the same evils that we have experienced
in this metropolis, and the first step towards a
similar state OF affairs in the National Govern
nent
The Bureau is creation of ex-Secretary
Chase, and was adopted by Congress at the time
that the majority of the Senate sided with
Chase sgaiRst Lincoln. 1t was no doubt pur-
posely made an independent branch OF the Gov
ernment to subserve the political interests OF
the present Chief Justice, ane enable him the
better TO make the national bank system a grand
political power to advance his claims for the
Presidency. Hence it was removed from all
danger OF interference on the part of the Presi-
dent or Secretary of the Treasury. Just as the
independent bureaus were created in our city
government to advance personal ends, 80 was
this to subserve private AMBITION instead OF the
interests Of the country. One of tue first fruits
isnoW seen ip the disagreement Of two financial
officers, and Want Of harmony in the executive
departments. This evil should be corrected al
once, or still more serious and alarming results
NAV follow