The New York herald., 1872-12-17
It's Past and Present
Operations.
How It Seeks to Control the Financial
Affairs of The Government.
Judge Richardson To Be Secre-
tary of the Treasury.
Boutwell, to Have sherman's Position at the
Head Of the Senate Finance Committee.
and Dawes, Also Of Massachusetts, to
Remain Chairman Of the Ways
and Means Committee.

WASHINGTON, Dec. IA, 1872.
powerful political clique known in Washington
as "The Boston Combination" is now putting forth
every effort to secure the control or not only the
Treasury Department but the entire financial legis-
iation Of Congress-. Here are q few well-ascer-
tained facts In relation to its past and present
0peratiOns:-
During the early part OF President Grants
administration The Boston Combination" man.
aged to get its own men into the positions OF
Secretary OF the Treasury, Attorney General
Minister to England, Chairman OF the Senate
Committee on Foreign Relations Chairman or the
Senate Committee on Military Affairs Chairman
OF the Senate Committee on Public Lands (Mr.
Pomeroy Is Boston NAM. Chairman OF the House
Committee on Ways and Means, Chairman of the
House Committee on Banking and Currency, Chair.
man OF the House Committee on Foreign Affairs
and large number of less important offices.
The combination yet retains all these offices OK
cept the Attorney General, Chairman of the Senate
Committee on Foreign Relations and Minister to
the Court OF st. James 1t retains six Of the nine
important offices and has recently added the Vice
Presidency to the list; so that in of the death
of President Grant one Of its favorites steps into
the Presidency. Let us pray that President Grant
may live long and be happy.
ITS PRESENT OPERATIONS.
AT the present time 'The Boston Combinations
is endcavoring to put Mr.. Boutwell, into the Senate
on the Finance Committee in place OF Sherman.
oil Ohio and make Assistant Secretary Richardson
Secre tary of the Treasury.
1t Will be at once seen that influential members
Of the combination have the Presidents ear every
day and are In constant communication with the
leading politicians all over the country. This is
about the way they talk it,
"You see, sir. that the most important business
OF President Grants second term Is the placing OF
the remaining $1,000 OOO, 900 OF the new loan. II
will take four years to do the work. and Mr..
Richardson understands the business better than
any other live man. Mr. Richardson went to
Europe, where he had most brilliant success In
placing the first 5000, 0OO, ,O0O. No other man can
place the remainder half as well. In fact Mr..
Richardson, if placed at the head Of the Treasury
Department will make President Grants second
term more popular even than the frst.n
The above, and much more Of the same Sort is
being poured into the ears OF leading politicians
everywhere and have reason to believe that no
opportunity is neglected to endeavor to impress
the President with the same views.
The combination has the advantage of having q
large number OF its own men In high official
positions, and constantly on the ground, at work
all the time. Their present programme is as fol-
lows Henry Wilson, OF Massachusetts, President
of the Senate; George s. Boutwell, of Massachu.
Henry L. Dawes, of Massachusetts,, Chairman Of
the House Committee on Ways and Means; and
William A. Richardson, Of Massachusetts, Secretary
OF the Treasury.
This programme, II carried out, will give the
Massachusetts, combination full control of the en-.
tire financial legislation of the United States. The
ventilation of the Credit Mobilier will however,
cause terrible huttering among the members Of
this Boston Ring, upset their calculations and
make them more chary Of lobbying in the future.
The popularity OF President Grant depends upon
his entire freedom from complications with such
jobs, for during the recent canvass the heaviest
load he had to carry was Secretary BOutwells
Syndicate.
FINE FINANCIERING.
few days ago this "news item" was ''giveu
out" at the Treasury Department.
Prominent Treasury officials emphatically deny
the statement that new negotiations are pending
with the ROthschids and others for taking the re.
naming $500 900, 900 f1ve per cent loan. The offer
made by the Rothschilds year ago Is good to-day
and Will probably be accepted, unless Congress-
takes some action TO enable the Secretary OF the
Treasury to negotiate the loan on more favorable
terms.
The object putting this item into circulation IL
to pave the way TO repetition Of the old Syndf.
cate job By leading the public to understand that
the Secretary OF the Treasury had standing offer
from the Rothschilds 1t would be taken for granted
when the Secretary made some other arrange.
ment that 1t was better than the one proposed by
the RothschildS
fan offer was made year ago the question
naturally arises why was 1t not accepted III good,
or rejected, If bads However, we are to have new
Secretary in couple OF months or So 1t is to be
hoped that the Boston Rings candidate will not be
the one selected.