The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-14

wendell Philips attacks the republican Fessen-
den the republican Governor Wells abuses
the republican General Sheridan as soon as
he can do 80 with safety the republican Hun
nicutt fights the republican Bolts in Virginia.
In our own State the republican Weed is in per-
petual hot wafer with the republican Greeley
and everybody else, and the republican Fenon
intrignes against the republican Morgan. One
set of republican revenue officers denounces
another set of republican revenue officers as
| thieves, and vice versd. The republican Old
Thad Stevens denounces republican Senator'S
and Representatives generally, and the whole
army ofrepublican expectants of country Post
Offices are at their wits ends to prevent The
republican Ben Wade from getting into the
Presidential chair.
1t is against this disgraceful exhibition that
the people protest They have already crushed
the old copperhead democracy out of existence,
and they ore now determined to repeat the
operation on the squabbling, quarrelling, fight
ing republican politicians who are at present
swearing and tearing at each other in disgrace
full scramble for the lions share Of the spoils.
Loeb.
Among oil the rumors from Washington Of
Cabine. changes little ia said about the re-
moval of Mr.. McCulloch. or course he will
never voluntarily resign. Indeed, he seems to
be more firmly seated in his place than any
other member Of the Cabinet Yet there is no
change 80 urgently required, none in VIII CHI the
people and government ara more deeply inte-
rested and in which more important conse-
quences are involved. We cannot explain the
Presidents conduct in keeping this incapable
man at the head of the Treasury Department in
any other way than that Mr.. Johnson is igno-
rant Of great financial matters, an is deceived
as to Mr.. McCulloch's ability and his mis-
management of the Treasury.
The gross Irregularities or frauds which have
been discovered in the Department, and which
have been brought to the knowledge Of some
Of the authorities and the Investigating Com
mittee Of Congress, afford ample ground for
the removal of the Secretary from office. All
this is in evidence, and we have the facts as
stated, although this evidence has not been
made public, and there is every reason to fear
portion of it has been suppressed. The sums
involved in these irregularities or frauds are
stupendous. We are afraid to state the amounts
named. Whether they are overrated or under
rated we cannot say; but there is no doubt
about the general fact of gross Irregularities
and Encouragement, involving loss to the
country Of very large amount The facili-
ties for committing frauds have been so great
that we should not be surprised at the most
astounding disclosures. II such things were to
occur in any bank or large mercantile house
the responsible head would be promptly re-
moved. Shall incompetency in the person in
charge of the financial affairs OF the republic be
longer toleratedi An incompetent bank man
ager may lose thousands, but an incapable
Secretary Of the Treasury may lose hundreds
Of millions and bring the country to bank
ruptcy.
But it is not only in tho printing bureau Of
bonds and currency and in other branches
Of the Treasury at Washington where
the evils Of incapacity and misman-
agement have been shown. Lately we have
seen the government defrauded ofmillions upon
millions in its internal revenue. The frauds in
whiskey and other distilled articles have
amounted to little less, If any, than hundred
millions of dollars. 1t is needless to say this
has occurred through the dishonesty or inefa-
cheney Of agents of the Treasury Department.
The head of the Department, the Secretary, is
responsible. Had there been an able and
vigilant man in Mr.. McCulloch's place these
monstrous frauds would not have occurred.
Then the whole financial policy Of the Secre-
tary is wrong About this he has but one idea
that Of the old British bullionsts He acts as
If he were doing the business Of banker,
favoring the capitalist at the expense Of the
community at large His contraction notions
and on to specie payment theories are crude
and ruinous. With regard to contracting the
currency, he sometimes makes an effort to carry
out his theory and at other times takes differ
ent course In tact, he has no settled policy
or fixed principles With immense piles Of
gold, as much in the Treasury as the Bank Of
England ordinarily holds In its vaults, and with
vast revenue and almost unlimited resources
in the country, gold still goes up, and our
burdens are not lightened. Besides, he fosters
the monssrous national bank monopoly, which
takes over twenty millions year'that rightly
belong to the government and people. which
threatens to devour all the profits Of the nations
industry, and which is most dangerous politi-
| cal machine. We speak Of his ignorance and
Of bis incompetency for the important ONCE he
holds; but that is not ALL we object to him
because he Is the tool Of Chief Justice Chase,
Of Jay Cooke, and Of all the political and finan-
cial schemers Of that old combination. No;
instead of Mr.. McCulloch being the last to
leave the Cabinet, he should be the first He Is
costing the country vast deal and Is alto
gether unfit for the position. We want an able
anancier and statesman for Secretary Of tho