The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-08-30

olllonS OF restoration, proposed by the Union
Republican party, are just and proper to be
imposed; or whether, as in the view of the
Opposition. those that have already been i'm
posed, and complied with, ought to be
deemed sufficient?
S'The Weak Inventions OF the Enemv,,
THERE exists in our community class of
operators who, although repudiated by both
Of the great political organizations of the day,
continue to ply their neiarious traffic. We
refer to speculators, who are seeking by every
means in their power to impair the popular
confidence in the Government, In order that
by the fall OF securities they may be enabled
TO enrich themselves. 1t is useless to disguise
the fact that such class thrives on the
profit OF this worse than robbery. We call
attention to them, in order that whatever
move may be made in the future nav be as
easily detected as those of the past, and by
recalling their recent efforts, we will see the
line in which they operate.
We yesterday referred to a circular which
tended to ruin our credit abroad. This is
but one of the many devices resorted to within
the past few months to bring discredit on the
Treasury Department. The delay of a few
days in publishing the weekly condition OF
the debt was attributed to fraudulent causes.
and we have glowing pictures drawn of ab-
scOnding Secretaries, and mysteriously missing
confidential clerks. But the appearance of the
tabular record and the more than satisfactory
condition OF tie debt exhibited by it, silenced
all attempts at injury IN thas objection, and
efectually closed the murmuring of those
who, under the disguise Of honest anxiety.
were seeking to iniure the nation.
Again was the attempt made by saving that
the account had been tampered with. and
that the real sum in the vaults was different
from that stated. An explicit report of a
Congressional investigating committee placed
that SANDER among the things that were.
Secretary McCulloch was next assailed and
words attributed to him which he never ut
tered. Prominent among them was the de-
claration in regard to the redemption of the
Five-twenties. The high character of the
Secretary, his acknowledged and approved
financial ability, his long experience, his wis
dom, discretion, and unimpeachable veracity,
have refuted that charge, even were no other
evidence at hand. 1t also has gone to rest
among the detected calumnies to iniure the
credit of the Government.
Not content with this signal rebuke in
their attempts to injure the Secretary, they
have turned upon his assistant, Hon. w. e.
Chandler, and have assaiIed his character.
This is but another attempt to depreciate
United States bonds for speculative purposes.
Mr.. Chandler's past record is open to all the
world, and he may well pride himself upon
its purity. When yet private citizen he was
deputed by Secretary Welles to investigate
the Navy Yard frauds in this city, and most
thoroughly he exposed all corruDtion, and
placed the guilty parties before the public.
AS soon as the Office Of Solicitor of the NAVY
Department was created. he was appointed
to the position; and when the rumors
of other frauds in the South became
prevalent, he was made Assistant Secretary
of the Treasury, snd deputed to once more
ferret out attempts 20 deiraud the Govern
ment. BY his prompt action he saved the
nation millions of dollars, and proved himself
most faithful officer and able man. He is
Intimately acquainted with all the details of
the Treasury, and is emlnently qualified to fill
the post he holds. Attacks on him, as on Mr..
McCulloch, are but weak inventions of the
enemy, and can do no harm.
We advise the spectators of Wall street to
discontinue these efforts to injure our credit.
The people have perfect faith in the loan,
and in the financial ability OF both the Sec
retary and his faithful assistant. The Euro
pean powers only need TO have their ewes
opened to our intention to pay, and thew.
knowing well our ability will renose a trnsf