New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-03-22

because its Constitution in accordance with the
popular will, contains no provision for negro
suffrage, which, we all know, is repugnant to the
principles of republican government according
to Plato and Kant. The Senator from Massachu-
sets is an ardent supporter of one measure, for
whose snccess he carries oar sincere wishes-the
negotiation Of an international copyright treaty
with European powers. .. K
THE UNCERTAINTIES OF FINANCE.
It has been publicly known for some time that
a divergence Of opinion existed between the Sec.
retary Of the Treasury and the Controller of the
Currency. The subordinate official now charges
his superior with preparing cooked accounts''
for publication. The apparent difference between
the Hon. Freeman Clark and the Secretary re-
lates to the public monthly statements of the de-
partment, which the Controller charges have not
shown within s5o,o1o,ooo the amount Of |
money in the treasury or on deposit in the national
| depositories." When the subject is thoroughly
investigated it will be found that the question de-
| pends more upon the manner Of preparing the
accounts and liabilities inserted in the state
| ments than upon any radical difference with
regard to the actual amount in the treasury-it is
simple matter of departmental rule. The un-
willingness of subordnates to submit to the rulings
of their chiefs in matters of detailed regulation is
Mr. McCulloch was correct in his construction of
the status relating to the treasury and the internal
rules which he has established were doubtless
framed with better opportunities for Judgment
than Mr. Clark could possibly obtain. The pub
lie expression of Mr. Clark's ideas the loan bill
and his active opposition to the contraction policy
of the Secretary, the effects of latitude which
the Secretary will soon find it advisable to restrict.
| nh IN 4Lo lap rtp hava
no relation to the closeness which our moneyed
| men should exercise in their reading and under
standing of the monthly statements to which this
| correspondence has attracted attention. 1t
would be convenience to the public if the secfe-
tary would follow little custom adopted with
European budgets, and append for few months
to the official statements of the department some
explanatory notes referring to the system pursued
in the preparation of the accounts 1t is crafty
ing to notice in this connection that since the last
annual report of the Secretary, the financial ope-
rations of the government have been proceeding
with remarkable success. Since the 1st day of
November twenty-nine millions of currency inter-
est and thirty millions of gold interest have been
paid from the treasury besides the current ex-
penses of the government, and large amoent OF
acquisitions from the war and navy departments
balance on hand is forty-seven millions more than
at the time Of the last report and all this has beer
accomplished without issuing a single new green
back.
, On the contrary, the system Of contraction ha
been slowly progressing; the ven-thirties hav
$ been reduced by nearly twelve millions, the on
J.. and two year legal tender notes-short date obi
h gations-by twenty-four millions, and the plai
# legal tenders by four milons-a positive reducto
!, in the volume of the currency. This satisfactor
e result has been achieved by an increase of Oh
i million compound interest notes and an addition
V ive-twenty obligations. The operations of tt
treasury during the past three months have reduct
p the annual interest on the debt about two million
a. THE NEW ORLEANS POSTMASTER.
le The late popular postmaster of the Cresce
to City, j. NJ. G. Parker, ESQ., has arrived here a.
IL is stopping at the Kiriwood House. 1t is unde
stood that he has consented to accept an appoir
T. nent to his old position, if rendered to him. pc
I'll ton from the leading citizens of New Orleans b
N been prepared to this end, and is supported by
al strong power here, which hardly fail to su
ceed. Mr.. Parker is live, practical busine
Or man, and your citizens will have to congrat
ly late themselves when he resumes his duties. II
of postotfice department quite understands his e
as vable reputation among our people, and his en-
is. nent success in perfecting postal arrangements
ii the benefit of the people of New Orleans.
a. KANGAROO