The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1867-11-06
Jndpe Chase and the Presidency.

|
New York correspondent of the Charles
ton Courier has the following summary of
the position now occupied by Chief JUS
ticc Chase We publish this extract, in
order to prove that the recent elections
are having a salutary effect even upon
the chicfest of Radicals, for the prominent
position of Mr.. Chase and his aspirations
for the Presidency entitle him to this ap-
pelation. 1t will be seen that his views
are somewhat modified:
The letter of Jay Cooke, supervised by
Ex-Secretary of the Treasury Chase, who
were both in Ohio together when that
financial document was gotten up, is re-
garded here as the opening of the Con-
gressional campaign by the banking in
tcrest of the country. There exists no
doubt that large number of people, If
respective of party, are ready to take
away from the banks some OF their eX-
traordinary privileges. 1t is proper to
discriminate here between that and the
question of paying the national debt in
grccnbaclss. The objection to the ma
tional banks is that they get interest on
their notes, and that for every slO0 in
bonds, the Government gives them the
privilege to issue 500 in paper, thus ena-
bling them to make IA or l5 per cent.
This feature of the case seems to be mon
strous to the public who cannot find any
sound reason for permitting those en-
gagged in the national bank business to re-
aiizc fortunes, while the anguishng trade
of the country forces the rest of the COM
munty to get along the best way they
can.
Look, for instance, at the National
Park bank Of this city, one of the young
est financial institutions in New York
The bank has made so much money since
the breaking out of the war, that now it
is erecting one of the handsomest ediices
that can be found in the country. In
this matter of National Bank privileges,
the expression of public opinion is all on
one side; the people aver that these prlvl-
leges cannot be maintained, and bankers
seeing the drift of public opinion, have
wisely determined to make point out OF
this rather than out OF the reputation
scheme, which they see, is mere chi
merical movement. all the great com
mercial interests of the country are op-
posed to these bank privileges, while
again on the point of paying the debt in
gold, they agree with the banks. Mcr-
chants hero arc willing TO acknowledge
that they have derived great advantages
from Il uniform currency, but they are
not yet prepared to acknowledge the JUS
tice of an organized privileged class OF
citizens, as those engaged in the National
Banking system undoubtedly are. OF
course the bankers money may have a
,rood deal of effect on the action of Con-
%ress, as its members arc manly drawn
from that class Of the community, OF
which local banl; managers form part; /;
and it is, therefore, extremely doubtful
whether any agitation OF the crrtailment
of bank privileges can be successfully
maintained. All of them arc, of course,
| in favor of Chief Justice Chase for the
Presidency, the father of tho National
Banking system. The latters anxiety to
keep his name prominently before the
public in connection with that high office,
has of late been noticed on various occa-
sions and the very agitation OF this Ma
tional Bank question, as stimulated ny
Jay Cookies letter, shows how determined
he is in defending the policy naugurated
by himself when Secretary OF the Trcasu-
ry, and how dcsrous he is of proving his
friendship to the great money men OF the
country.
But not only fnancially-in other mat
ters too is he working with q steady OBJ
icct before him-that is the Presidency.
Thus the Tribune, his special organ, has
taken great pains of late to prove that
Chase never urged negro suffrage to any
eytentin Ohio, and in fact lie is good
deal moro of q conservative than people
generally believe. 1t may be, but very
few people seem to know 1t. In this con,
ncction / cannot omit to give the report
onitc current here why Chief Justice
Chase is SO dcsirous Of trying Jefferson
Davis in Richmond this month. Simply,
as it is generally believed, to have Mr;
Davis made use of to assist the Chlet
Justice into the Presidential Chair. Mr..
Chase is anxious To follow the example OF
Horace Greeley, who gained such an en-
viohIc notoricty when he bailcd the Con-
fr,lcratc Chief, and therefore is prepared
to do his part Of the programme in man
ner which cannot but be profitable to
himself When the last proceedings with
the Great State prisoner had ended in
Richmond. it really never entered the
mind of anybody connected with either
bench or bar that the trial OF Mr.. DAVIS
would ever take place all were OF opinion
that after tho lapse Of some time a mol
yros would DO entered. Now, however,
comes a letter from the Chief Justice to
the Judge of the District stating that he
had better inform Davis counsel that the
trial will take place in November. We'll,
then, on the bench Of Richmond, Mr..
Chase is about to signalizc himself by