, 1869-07-03

weaker every yeN. Is that so2 It polled
1,A1 ,alo votes in 1856; 1857, ,Gl0 in 1860
c,2e3, ,oa5 in 1864, and 3,013,3s3 in 1868.
1t nearly elected its candidate for President
in 1856. It elected ita candidate By p!u-
ralhy Of votes east in ls60. It reelected
J him By majority in 1864, and in 1868 il
swept the North, South, East and West by
rousing majorities. These are singular
signs Of decay and weakness, Doat the
Democracy wish they were affected with the
sou,e kind Of weakness?
SECRETARY BOUTWELL, SURPRISED.
The Telegraph informs us that Secretary
Boutwell, is s'surprised" TINT tho dob.
statement Tor the first Of July should show
reduction Of SIT, ,0Oo, 600 since Juno /, in
stead Of St, ,o0o, ,0Uo, as WAS anticipated On
Inst Monday, aud at which the probable re.
duction has been seni~o{dcial]y stated On
seve1A occasions during the last ten laya.
It ~ould, indeed, seem quito nat
ura that any man, 10 matter
hew large revenue he controlled,
should be sorprisel to wake up on Thu.-la
morning aud find that he had tho neal little
Sum of Sa,000,O>0 more in LIS keeping
than his calculations on " Wednesday evening
had led Ana to expect. To man of Sec
rcta1y Doutwe1ls evident ability-a as IN nc
couutant-tho first Secretary Of the Tseas-
usy who ever gave rts complete ',alnnec-
sheet Of the government finances, the
first to gire the datea Of acts, and
tho amounts OF bonds is
, sued under each act, md who
carefully added il the last fraction Of &C.
crued interest, amounting to few dul1ars
| up TO the date Of tie monthly report--to II
! n,hn Of this stamp, Tho, from the appear
a1ace ard orderly arrangement Of his TT
! ports, evidently took pride in being nccu-
| ratio, VIC can conceive that it would lie tn
immense surprise to find that by SONIC mems
i eight million dollars in .greenbacks had,
without bis knowledge, slipped into tho
| Treasury in two days. The thing is not
! probable, and any surprise expressed at thy
fact BY tie Secretary must be only for the
benefit OF the patient public, who look with
disgust upon the eighty millions Of idle gov
etnnlent gold, md the thirty seven millions
ofidle currency, while Ut least si1 millions Of
animal interest might be saved By the judi
! cious use Of portion Of this lille money in
| the purchase Of bonds.
With 3lr. McCullochs currency y-ooutract-
ing and collaborating proclinties unpleas~
! andJ fresh in peoples minds, Nj, Boutwell,
began the active tinties OF his otioe with
| his policy Ayoved Oh thsee most important
| poiuts, viz TLat be would not contract the
currency that he would ntlize the ille gold;
and that he would reduce the interest-bearing
| debt 50 far as the surplus revenue Of the
government puu1d admit THIS result Of
lis operations in these directions NAV be
seen st glance By the following table,
| which shows the difference between the
eash n the Treasury On March and July
!, 1863:
Cain o.rned Currency in
u...,, Iy Ssrs!nMsas * {. re-, !sea.a7sy:
duly t.-.,....--.-..... sastAes2 ss,a77,eis
Increase. So,;4',31s $zJY4a,s4
! This increase OF idle money being equal
! to So, ,G95 600 in currency more than when
i AIr. Boutwell, assumed the duties Of the
| o1iee. In the meantime, after all his -four
ISL Of trunpets about 81 sinking fund"
! he has only purchased eight millions Of
bonds. With money healins up st such
| rate in tie Treasury, it becomes question
Of some moment wheze it is lept-ia what
| yaults OF in what amounts in banks. If
eight millions Of greenbneks could leak into
tho Treasury so unexpectedly to the Secre-
! ta,y, may not lew millions also have leaked
out again into Jay Cooke or somebody's
! else baol? There il not grain Of direct
evidence to prove any CONNECTION between
Secretary Boutwell, and any ring Of specu-
ltors in Ioaning money eud buying bonds;
hut the coincidence Of his operations
! with their interest during the last
/ three months il rather curious, Ou tho
; first Of April lis currency balance in tho
| Treasury had been allowed to run down to
80, G,s0a,G2e. Since then he has, by selling
two millions Of goli per week, and buying
only one million I bonds, and by the col
lection Of the iucuue tar, absorbed 530,-
295, lJO Of currency into tho Treasury. The
Withdrawal Of SO large an amount from cir
culat;ou has made uoucy SO scarce that Oh
eolnc days in Now York it has been loaned
for single days at the Eate Of hundred
mad fifty per cent per aunum, and the price
of bonds has been kept greatly depressed.
After keeping things in this state, until any
Clique that had tho command Of money
might have mnde dozen colossal fortunes
by loaniug money, or hnre invested it
in bonds ut II low price, the Secretary sud
denly wakes up .'Surpriscd" on the NOM
ing Of the first Of July, to find tha. ho has
eight millions of gsecnbacks ,nete than he
thought he Lal vn Monday, md udim1uediately
he orders the purchase Of $1,000, ,o0o OF bonds
rs Il means Of depicting tho oycsbusJened
Treasury. 1t tukcs hut LaH an eye to sec
the effect this .o!icy will have. His pay
ne1ts for the bonds will nuke money pleu-
ty, aud this, t. either with his purchase of
bonds, will puz up their price, and the
clique will sell Tut at an amazing profit
No uue can say that Secretary boutwell, is
cu1nected with clique, br,t, il he had be-
1ung.d to such an unc, body and f'reechss,
ha could not have done nearer what they
would hare directed for their profit than be
has done for tho last three months. For
the fortieth time We ask why he has
not invested a1l the spare and idle coin in
so bonds, and thereby reduced the debt,
stopped interest and strengthened The credit
ef the government What other possible
use has The government for its surplus
i funds except TO pay ita debtst Eight hun
iteldollars in gold viii purchase thousand
:. dollhr SO bond, thereby stopping nxts
dollars Of interest. What better use cau
$500 Of idle gold be pnt to than to saTe SIT