The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-10-26
General BufterneId's Reclamation.

General Butterfield has resigned his position
as Assistant Treasurer of the United States, in
order, as we learn, to simplify the question of
an Investigation into the charges made by GER
tain parties of his completely in the late gold
pool. He had requested military court of
inquiry, but the Secretary of the Treasury
having assigned instead the Treasury Solicitor
to make the investigation, we presume that
General Butterfeld resolved to cut the matter
short by resignation. Thus relieved of
his civil office, his request, as an officer of the
army, for military court can hardly be denied
him, inasmuch as his reputation in the army
is at stake. While these aforesaid charges
hang over him as an army officer be is under
cloud. He asks full investigation by
military court therefore, and he is ready to
face the evidence and the judgment thereon.
Independently, however, of the personal object
inquisition, we think that, considering the
unfortunate predicament in which these afore-
said accusations have placed General Butter
field as Sub-Treasurer, he has acted wisely in
relieving the President at once of any embar-
rassment in the matter by resigning hiss post.
But as the interests of the public still require
q searching Investigation into all the mysteries
of this late gold pool, we presume that the
military court asked for will be ordered with
the proclamation of new Sub-Treasurer.
THE NEW CoTToN CRoP-The reconstruc-
ton of the South has taken a very practical
turn, If we may judge by the success which
has already attended the cotton crop of
1869-70. From the returns at the different
ports it appears that the receipts 30 far are
one hundred thousand bales in excess of the
amount received during the corresponding
expired portion of the cotton year of 1S68-69.
Vaiuing the crop in round numbers at hun
dred dollars bale the South has, therefore,
made ten millions of dollars more than last
year, while the prospect is fair that the whole
crop of this year will exceed that of last year
in the same proportion. Before the war the
annual product was six millions of bales.
The nearest approximation to this figure since
the war has been about three and quarter
millions; but this year the crop bids fair to
reach nearly four millions. AS cotton is now
worth, even in gold, twice the price of ante
war times, the gain to the country is still vast
one, and assures the prosperity of the section
which suffered most severely from the war.
TIE GOLD GAMBLERS IN HAYTr-SAL-
NAvE's TREATMENT.--The brokers in Hayti,
according to recent despatch, succeeded in
driving gold up to the high figure of 1900,
which 80 rritated Salnave that he seized upon
the principal operators and made them march
with the attacking forces on Jacmel and Aux
Cages. This example is not bad, considering
the kind Of government from which 1t ema
nates and President Grant might do well to
follow 1t, commencing with Mr.. Corbin.
General Sherman can doubtless have no objec-
ton to add few of the Wall street
handles to the number of his Indian campaign
ers, and the Indians would have chance to
revel In their well barbered soalps