, 1881-01-29
safely trusted tn share with 0rcnt Britain
the profits of Tho carrying trade for the world
without taxing American production.
SECRETARY OF THE TREASURY.

't'-''"N
SECRETARY OF THE TREASURY.
THE TntnrSE few ttoys ago gave ex-
preston to the general sentiment OF the
American people wlleM It Insisted tint tho
National Treasury shoul. bc kept rs free rs
possible from nil personal and official rcla-
tEona with tho STOCKHOLDERS md operntors-
In other words, gan!blers-ef Wall street.
Such NIL association waultt BIZ grnernily nc
copied rs decay III our governmental mnl1-
agcnlent. and woul,l destroy public conf
tlcncr III tlla Administration TINT should ba
responsible for It. This article Inns not met
with fayor 1T tho 1obby nt Washington, anil
lin alleged "gcntleman Of National roputa.
tlon, who llns known Mr.. Levi +. Morton ali
his lifc," las been to tlto trouble alul cost OF
sending wlint was intended rs II reply Rll the
way 10 Chicago for publication. This so-
called "rcply" states t1,at ATr. Norton Is not
fan hereditary rn,llcycsl aristocrat," but Ia
the son Of poor New England minister.
who has ntnnsscd Ills fortune III the n,al,uRc-
munt Of syndtcates and III tho financial opera
ttons which preceded, attended, and llayo
followed tho panic. This same gentleman Is
reported to l,aye said:
lie thonHht this was n poor way for Republican
;,one 20 n,cn for i,o aep,iblicas, .aiiao oy naI.
.ldMa ckertions anH contrI1.!tioiia. w,v,. acttnR
a. Ctialrn,nn1f tho National i'tt'A'eo Connittco.
'ou to cs,,naiRn. md Ind anvctl tho purity from
tleicat 70 thu resent Nntlonnl contest. Such IL
nun dill not morit t!luh treatment. II Mr..
Morton should acu lit tu rutfrG frUn hllHucts And
ncccpt tho position OF Secretary al tho Treasury,
Gould it bc ,posrlblc that his experience rs Il
,!ntics of tue ollico? woulti 1t not rathrr bs II i
guarantee TINT tho public interests wUlld ho
safo in tho he!,ds whcro hts private fortune had
was snfn for tho Government III its financial Mf-
fairs. flc hoped 70 SEQ Mr. Morton In tho rerAe-
VIZ: and was cn,,llasnt tho sn!il men Of THO M.
!udDs1e tho appointment.
All this In foreign to tho subject. A mn
tority Ut tic Imports OF tic country arc re-
cclycd III New York City; the foreign trade
is mainly III tho hands Of tho merchants Of
that city, who nre, and hnyc always been.
active III the nse Of tho machinery OF tho
New York Custon,-lI0nss to discriminate
ngaInst all other paris Of Tho country, and to
force the merchants Of thu West to deal With
Now York. LII New York Is the principal
Sub-Trcnsury of tho Government; alml in
New York are tho great banks, which mini 10
dictate to the country IN all financial 9ues-
tians; aud III New York nre the central lNan-
ngrrs nf NIL the, grcat corporate 1nonopollus;
aud there, nlso, Is tho great s0-cullcd stock
market where the gambling III securities is
carried oil. In tho centre Of this clnss OF
people md Interests Mr.. Levi I. Morton Ilus
amassedun enormous fortune. Ho Ilas been
part OF this centralized systc1n Of spcculatitg,
pooling, and stock 1obbtng; covered with the
x,F n1I 11 x{-
many yenrs of Wall street operations, Alr.
Morton has come forth with his pockets
illlctI to 0vcrtlowlng, and his friends point to
his success III this business ~ an evidence
"that what wns safo Judgment for firm
was safe for tho Government III Its financial
AFFAIRS"
This was, OH the contrary, ono of the OBJ
jccti0ns 1nndc 1,y TILE TMtnrSE to the MP
polntment Of n nan brctl In and who has been
fnttene.l ,tp0n the spotls of Wnll street. Az
Il broker. Mr.. Morton wns engaged In money
making, hut the Government Is nut broker,
nor n jobber, nor n money-lender, nor I'M.
porter, and Is not III the market looking for
cl,atlccs TO mike profit OIL tho ycrtlnncy
and crellnltty OF tho lninblike public. Tim
habits, thoughts, education, and financial
principles OF u Wall street operator aro utter
~ foreign to thuse which should character
izc the personal at,d official action OF the Sec
reiary Of tho Treasury Of tho United States,
Therefore 1t was tint we gave expression
to tie universal sentiment Of tho country
that no Wnll strcet operator should be ap-
pointed to tho Office Of Secretary, ccntering
III his hnnus tho control Of tho Cuatonl-lIouso
In all ity details, tho Sub.rreaSury, and nil