The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-04-25


an an outsider than as an occupant OF ! Cabinet
| place. so there IL policy in the withdrawal
The great trouble IL to find Secretary OF the Treas
! ury. Wade favors Il. b. Ward of Detroit, an ex-
| steamboat captain, who has made several millions
| and who now wants position. This would suit
. Chandler: but Morgan anu Conkng for New York.
and several New England Senators protest vehe-
\ nenty, and demand somebody who will represeua
capital. bonds and special interests go there
rumpus among the impeachers in advance about tine
distribution of the spOils and particularly about the
Treasury to which all patriotic eyes are turned In
Massachnsetts is very busy after preferment. But
| Ter wants his pay for impeachment "a Secretary oil
STATE to the general disgust OF the diplomatic corps
Sumner seeks it also, but will compromise on Mr.
Adams Old shoes In London as he fears nof TO he re-
| elected. Wilson is up for COwes and a market Bout-
wei would he willing to seek the Treasury DuI docs
tainty So his next friend exmenber Alley, says he
Is not candidate for the Cabinet but that Butler is
as he was under Johnson In 1885, because he could
then sett hts old scores with Grant and .'b0tle"
him up as he tfid his army, according TO the Gene
d RAILS report. Governor Bullock also aspres to
position and 80 does Banks, and so does Dawes and
| so, I'm fact, does Massachusetts generally.
One trouble about making up Cabinet Is the
doubtful look OF the fntre since the recent elections.
| All agree that Grant has excited no enthusiasm
| whatever and that the chances he will be az
badly beaten as scott was n good conservative he
row, but his man Friday, Washimrne, Is in daily
sutaton with wa.ie, and they are trying to cook up
/
While grant liz cunning and wants to he uncommit-
ted to anybody but himself, members OF his stair who
have heretofore done most OF the political engineer
Ing have proclaimed for that nimbic, sly and small
gentleman, Mr.. COfax, as their preference for Vice
President. This declaration has disturbed the happy
| family considerably, and the energetic Wade in his
| plain, Anglo-SaxOn style has pronounced benedc-
ton on STAN officers In general, which MADE some
| of MASSACHUSETTS,, and little Mr.. Coax, Of smiling
| platitudes have entered into an unhoiy alliance
against Wade and swear as hard "a members OF the
temperance society tan ito that he shall not be nOmi-
mated at Chicago. Fessenden. who has never for
given his election President pro tenn. of the Senate,
| Is OF the same mind as are also Grimes and
various others. Frelinghuysen prays against
| in caucus He ia very conscientious ind!-
vidual this Senator from New Jersey, for he reads
all the evidence and hears all the arguments after
having decided long ago to convict the President;
while his colleague, Cattell only went so far as to
| make public speech for impeachment at Philadel-
| when this mOckery Of trial Is over for greater
mockery WIS ever cOntrived In the outraged name Of
justice and tho abused forms OF law.
Serious trouble IL expected before this business
shall be ended for when the people come to realize
the extent of the niquity and its selfish motives
there will he fearful reaction And the intention
OF declaring martial law In Kentucky, Maryland and
Delaware In order to exclude their votes at the Pre-
sdential election, with the frauds which are pro-
posed, will raise q storm OF indignation in the North
and West that may be followed by the grayest results
If Wade gets into the White House, the design to
keep the radicals in, cost what il may. They are
bent on welding power ut any price and pnnderlng
Inc sove nt through p9sseson; ,es Is the
IL revolution just as much "a Napolc0ns successful
coup Get0t was revolution, which converted
France from republic into mean military desp0t-
ism. These destrucves aim ut the result, but
seek to attain 1t in q different way There Is dis
junction In the means, but no difference Ia the pur-
| pose. Instead Of one perured conspratOr have
hydra-headed monster.
The Treasury Rins-More Light Needed-A
| National Bank President on the United
States senate Finance COmmittee--Initcd
States Deposits In National Banks-Sccre-
tary NIcCuIioch's Letter-Facts Showing
How the Peoples Money Ii Used.
WASHINGTON, April "a, 1868.
| little light thrown upon the operations of the
Treasury ring just at this time would be productive
OF much good. whatever change may take place in
administrations parties, the Treasury ring re-
mains, ready to adapt itself to any political exigency
40 long "a 1t IL permitted to manipulate the peoples
money for its own benefit. Changing form of
| government security for another and making fat
| commission on both; making secret sales Of govern
| mcnt gold, as TO leave handsome margin to
! operators, and dep0slting the peoples borrowed
money In pet national banks, without interest," are
among the favorte operations OF this infamous COM
bnation which exists only by the timdty OF politi-
| clans and an absence OF q knowledge among the
people OF its operations.
The bill prohibiting the deposit OF public money i'm
national banks in places where government Sub
almost unanimously in January last only to be
shelved in the Senate, needs considerable light.
On the Attn Of December last the House, by resou-
on requested the Secretary OF the Treasury to fur
nlsh statement OF 'the amount OF government
funds that remained on deposit In national banks
specifying the amount in each bank on the LIST day
OF each month from the 3Oth OF June 1885, TO the 3lst
OF October, 1857"
On the 9th Of January, after nearly i've weeks de-
lay Mr.. Secretary McCulloch vouchsafed reply,
which, when printed, made pamphlet of thirty
pages and which he stated lac 'beieved to contain
the desired information"
This thirty page reply does not contain the desired
Information Mr.. McCulochs belief to the contrary
Notwithstanding.
II specifies the amount OF government funds on lie.
post In each national bank without interest from
the 3Oth June 1866 to 3ist October 1867 but does
not give the amount Of government funds that re-
manned ON deposit in national banks, was re-
quired by the language OF the resolution.
In order to get the aggregate amount seventeen
long columns OF figures, each containing some four
hundred items must be footed mp. and few small
credits not called for by the resolution but which
were put IN the debit columns must he omitted In
the footing or footed by themselves and twice de-
Quoted from the aggregate. so that to ina by Mr..
McCuoch's letter the amount of government funds
deposited In national banks would require at least
weeks labor OF a skilled accountant
Several gucsses have been made, but | have taken
the trouble to have the exact footIngs made for six
teen months, that the people may 1fsearn through
| The HERALD what amount of their money has been
placed in "a few pet national banks without interest,"
from June 30, 1866 TO October 1867. The following
are the exact amounts =:
1866 1861.
July S34, 1891 March. s25, ,335
August ..... 36,937,i15 Aprii......... 2is51,TiG
September 32,65O,s60 May........... 2@Jb6."s
October ..... 3l,0S4,40j June..... 2i,s35,j12
Noyember.... 2I,9l2,lII Juy.......... 26,ll3,y16
December. 2i0s1,JO3 August. ...... 2s,5Ss,4Jl
| 1867. september .... 2l,3l3,i25
January ...... 23,s6t,56 October 1851, 045
February ...... 26,st5,06O
The average deposits OF the peoples money IN
these few pet national banks without interest, dur
ing the sixteen months above mentioned was exact
| ly twenty.seyen million two hundred and twenty
seven thousand two hundred and eighty three dol