Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-06-09
THE PRESIDENT INTERVIEWED.
His Views of the Situation.

His Views of the Situation.
The President, at Long Branch, seems
| to be more communicative than at Wash
ington. He has been interviewed again,
and as to the Berlin Mission and General
! Sherman, said:
/ Bancroft is anxious to be relieved he
| wants to go to Italy to live. He made his
wish known to me some time since. /
can't, however, relieve him just now. He
| is thoroughly informed on the San Juan
! question in all its bearings, and his servi-
ces will be required at Berlin until the trea-
! ty between us and Great Britain is finally
disposed of. His advice and assistance,
you see, will be necessary. 70 relieve him
now would be injudicious, to say the least.
Buta as lie has asked TO be allowed to resign
| in the falf he can then do so without in
jury TO our interests: Before October ar
| rives the treaty will be fixed all right"
General Sherman, Mr.. President, is
named as your successor, Would he take
the nomination ?''
! - ''Well cater pause), | don't know.
! Sherman and i are warm friends, and
am not authorized to speak for him. Of
one thing / feel pretty certain, however,
| and that. is, that Sherman won't stand on
any platform the Democrats will make.
In their new departure platform they ad-
here to the reputation plank. That is not
much of a departure from the old stand"
But they have thrown over all the
THAT does not matter. Pendeton, Davis
and
THE FIRE-EATING SoUTHERNERS
will pull them back In fact, they have
done it now. No, sir; Sherman can have
no utilization with such men. He is no
Democrat, and never was. He probably
knows very well that if the Democracy
succeeded, the Southern leaders, who are
still hostile to the Union of the States, and,
in that view, enemies of the Republic,
would gain possession of the Government
and before long annul so far as they could,
the acts of the Republican party. That
will hardly be permitted, N this century
at least"
II notice, Mr., President, that you do not
seem much disturbed about these new
party movements South and West"
mo, L think everything is going OH all
right, and that the country is rapidly re-
covering from the evil effects of the war"
Nevertheless, the financial policy of
your administration does not seem popu-
lar Mr.. President"
"Well, think it is about as popular as
any policy would be which was based on
the reduction of
gFs THE NATIONAL DEBT.
We have done very well. The debt has
baen reduced considerably, while, at the
same time, the public burdens have been
lessened. We have taken off eighty-three
millions of taxes. | can't say what Con-
gress will do next session; but / will re-
commend in December that forty more
millions be taken off. That will be one
hundred and twenty-three millions i'm two
years That won't be a bad exhibit"
lstBut are you satisfied, sir, that change
in the financial policy of Mr.. Boutwell,
would not be beneficial to the country
at this time" .,...,7 ~.
No CHANGE IN THE FINANCIAL POLICY.
II don't see any necessity for change.
Mr.. Boutwell, will remain Secretary of the
Treasury, and there will no change i'm the
financial policy of the government. / am
satisfied with both and Notwithstanding the
opposition of some of the public journals
to the Secretary, believe the country
generally is satisfied with him."
The importance of bill fixing a surren-
der value of Life Insurance policies is |
shown by the startling fact that only about |
per cent of all Life Insurance policies |
terminate by death the balance lapse or
are surrendered. Out of S765, 977 $40 of life |
7O4, 450 was by death. This statement |
must be a startling one to the great mass |
of readers. 1t shows the source from which |
the companies gain the greater part of their |
revenues, and where the money comes |
from to pay the large commissions and |
costly rents, and to Keep the armies of |
agents in such a fiourshing condition. |
utofevery hundred who get theirliyes in
sused, ninety-two surrender their policies |
or allow them to lapse through inability |
to make their payments Those who sur
render their policies are at the mercy of
the companies. There is no established |
rate of value. The companies are not |
obliged to pay anything on a SURRENDERED
policy. Naturally they drive the best |
bargain they can with their customers, and
the greater mans necessity the more he |
is crowded. OF course it is just as easy to |
reckon the original rate of insurance.
There can be no possible objection to the |
passage of such bill by insurance COM |
panies except this, that it cuts off great |
Unpublished source of reyenue.-BostoH
n sG.s .f = - /