The New York herald., 1873-11-01
WASHINGTON.
The Rumors Concerning Secretary Richardson
He Will Probably Be Nominated Chief
Justice or Associate Justice Of
the Supreme Court

the Supreme Court
Secretary Richardson the Probable Sue
cessor 20 Chief Justice Chase.
WASHINGTON, Oct. 81, 1873.
VIII Secretary Richardson leave the Cabinet In
few days or a few monthss How much was the
defalcation in the New York Sub-Treasury, which
Assistant Secretary Sawyer is said to have paid
hasty visit to New York on Wednesday to ascer-
tain2 And Is the report true that the President has
requested Secretary Richardson to buy more bonds
with legal tenders drawn from the $44, 600 re-
serve, and excuse the motive to Congress-
having q twothirds republican majority These
were three questions generally asked in and about
the Treasury Department to-day, without the
seekers after information satisfying their curiosity.
Regarding the future OF Secretary Richardson
there is the highest authority Tor the statement
that President Grant esteems the Secretary OF the
Treasury as man In every way qualihed for the
important trust conhded to him, and that he is in
perfect accord with the Secretary on every fnan-
cal question and measure. As in the selection OF
Mr.. Richardson to be Mr.. Boutwell's successor the
President did not consult politicians he Is not
disposed to regard their sneers and criticisms He
should stand by him as long as he remained in the
Cabinet. regardless OF the opinions OF others.
The unequvocal statement of the President set
at rest all doubt as to Mr.. Richardson popularity
in the White House. That much having been as
certained, there was still room to believe that his
resignation might be rendered at any time, and
calling upon him in mis- oilce the leading question
was asked il he contemplated early retirement to
private life, to which the Secretary replied
81 will say now, as | said over four years ago,
when called to the ONCE OF Assistant Secretary,
that prefer the quiet Of civil lie to the thankless
care OF official life. that affords basis for the
report OF my intended resignation IL could just as
well have been circulated years ago as to-day. In
fact, during the summer OF 1870 did insist upon
leaving the department. but the President refusing
to accept my resignation and Secretary Boutwell,
urging me to remain with him, reluctantly
yielded TO their Wishes So far as the cares or
ONCE having Increased, was congratulating myself
to-day that matters had quieted down, leaving
abundance OF time for the preparation OF my an
nual report, and reflection upon the principal
points to be embodied in 1t respecting our nnan
cial status. So the thought OF resigning is as re-
mote now as when entered upon the discharge Of
the duties OF the oflce.u
Il understand that you have made arrangements
70 live in Washington. Is it trues'
"Yes; am Very comfortably provided for in the
way OF residence, and certainly have no idea OF
leaving Washington yet while"
This was the extent OF the conversation, and the
"
Concerning the reported defacation in the Assist
ant Treasurer's Office IN New York he knew moth
ing and had heard nothing, and as he had no
money to buy bonds, market for the sale OF gold
the statement repeatedly made that the reserve
would be drawn upon only to pay government in
debtedness was the answer to any rumor OF change
in the financial programme. So far, then, as
the Secretary OF the Treasury may be
quoted as authority the last two aues-
tons generally asked may be considered
definitely answered. Not so, however, with the
1rst-wil Secretary Richardson leave the Cabi-
net In few days . few monthsG That Mr..
Richardson expects to remain in Washington for
some time is evidenced in his lease OF one OF the
largest and most elegant residences in Washing
ton formerly occupied by ]. c. Kennedy and fur
nished in the mos. thorough manner To the fine
4 appointments OF his new residence Mr.. Ricnard-
son has added much OF his furniture from his
home In Cambridge, Mass, and all OF 1t has not yet
| arrived. But suspicion has recently gained
ground that he would not remain at the head OF
the Treasury Department very long.
prominent Official said tonight. in talking over
the rumors which in Washington from time
to time, tnat he knew how friendly were the rea-
tlons existing between the President and Secre-
tary Richardson.
"what ground" asked. ''can there be, then,
for saying that the President is not pleased with
Mr.. Richardson's actions or that he does not con-
slider him man of enough ability for the once 9n
| "There Is not the slightest foundation for such
report; on the contrary, my impression is that
President Grant will follow the example
| OF Jackson and Lincoln in conferring upon
his Secretary OF the Treasury the appointment OF
Chief Justice OF the United States or. If he makes
the selection from among the Associate Justices,
which l do not believe he will, then he will confer
the vacancy SO made on Mr. Richardson
| From another source it was ascertained that
while the President had not fully made up his
mind as to the successor OF the late Chief Justice
| Chase, there was no doubt but that the President
would readily confer high judicial appointm at
! on Mr.. Richardson. the duties OF which would be
far more congenia TO his taste than those now i'm
posed upon him as the Secretary OF the Treasury.
The Subscription to the Five Per Cent
Loan 500, 100000
The Syndicate has closed its last subscription 70
the five per cent loan amounting to $3.50 100000,
which begins on the 10th day of November. This Is
| the most prompt transaction yet made and in
| view OF the encouragement received from the
German government the Syndicate has made
further subscription OF s5,ooo,Coo making total
of s7o 0O0, 900. The call OF the Treasury Depart
ment on June Of 5000 900, independent OF the
| Syndicate, in connection with the Geneva award,
makes total subscription thus far Of 5000 900.
The contract with the Syndicate does not expire
until December l. and will probably be renewed
| before that date.
The Wandering Modocs.
orders were issued to-day for the removal Of the
Modocs, who are now at Fort Mcpherson, to a per-
manent location with the Quapaws on the Neosho
river, in the extreme northeastern corner OF the
indisn Territory.
Putting the Screws ON the Sioux.
Rowing bands OF Sioux Indians having recently
molested, and In some cases cruelty raded on, the
Pawnees and other friendly tribes, the matter has
been made the subject OF consultation between the
Interior and War Departments, as a result OF
which orders were to-day given by tho latter that
all Sioux found or their reservation with hostile
intend to other tribes be struck and punished.