New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-04
FROM CABINET TO SENATE.

RETIREMENT OF SECRETARY SHERMAN FROM THE
TREASURY DEPARTMENT TO TAKE Ills SEAT IN
THE SENATE TO-DAY.
WASHINGTON, March 3.-The following is the text
of the resignation of Secretary Sherman, which was
accepted BY the President to-day
wAsHIyGToS March 3, 1880
To The Hon. r. d. HAYES President OF the Jned Stdfs,
My DEAR SIR: Having been elected member OF INC
Senate OF United States, have the honOf 10 Ieas
the office of the Secretary OF the Treasury to take eccI
In thus severIng our official relations avail myself OF
the opportunity express my grateful appreciation anu
heartfelt thanks for the support and assistance you have
uniformly III the discharge OF The duties Oh Una.
office. shall ever cherish with pleasant memories hI
friendly association with you rs member OF Jour SaD.
net and shall follow you In your retrepent from yoHi
Very truly your friend, JOHN SHERMAN
The Secretary took leave of the officers and en-
ployes of the Department to-day at o'clock. upon
their assembling in his room, Assistant Secretary
French made the following address:
Mr. sEcRETARY In view Of your proposed reiiremens
OF this Department desire 10 express 10 you teI pIo
found regret that their official relations WIN o you o
acterized by financial ability which has estaosncd the
an unchallenged integrity, by personal industry and
attention by ready apprehension oi anars % e
manifest of justice aud oy uniform kindness ana
courtesy alike TO high and low We respectInly nnu @
the hand as you leave for the high office which you
prosperity and happiness III all the rcatlons OF ile
The Secretary replied as follows:
Mr.. ACTING SECRETARY FRENCH AID LADIES AND
q TSTLLMES: have received tins mark OF your apprc,
calion and kindness with more emotion than usual
with me. l feel that We have served together during
four years of important and e1acting labor DuIhg
that time doubt that IN my intercourse WIN
you have not always been what You mere certify tha,
have been. have 10 doubt have OFTEN Dctn hDtup,,
impatient ana perhaps have not been Observant OF all
the courlesis ana knduosses That men ought to e1er-
III Their intercourse with each other sun we nave
been engaged the performance of great ana important
duties where decision was Necessary ana promplhess ~
Indispensable. Now IN leaving you 10 M IansirIIen ~
another sphere Of duty, feel that have no enemy mere
wish to punish but thai all are friends whom wond
be glad To reward.
Most OF You nave been here longer than have; many
OF YOU lnds3CnablC tn tic pubic seiNlce lhe hca
~ this Department may change may come anu 20; anu
vet there are VII m now address who c0nd not
memt as readily any secretary who nlst b. named
Your duties are extremely Important Tie safety OF the
pubic money, the puOlc IN rrt's, all de;rnl upon tlr
cxactnc,s whicn The accounts ar kept aud the
various duties Of sUbOIinGics observed and pr
paper of Importance. The great body OF The duties o'
this Department are performed by you. IL Is
or where important policies are I" Dc pursued.
that the sccrrlary OF inG n iet,y r.y or cd1 ga
OF the collection and disbursement 81 the public rev
cnurs; upon your Judgment all accounts are passed ;
upon your hGclty all public money i preserved. aud
Therefore you. more than 10 me, properly comes the
credit OF the performance ~ the duties of THIS Depart
ment. am thankful without any loss, without amy
grave violation Of duty that {ou aud perhaps also
performed our duty 10 the best Of our abtlcs aud
with satisfactory success Oar country - now prosn"f
Four her nbanciAl cOnullloh was pI
yloom and dcspondeucy. We found our paper money
below par; ound thr public credit imuaired Ia al tie
markets IN world By 'ncy hDd by tue faNoi-
able course OF events aud more than all ny the
blessings Of Divine Providence, We now mud ,, our
public credit. untxanp.cl among the nations
OF The world We find the pubic money al nj par with
gold coin and saic custody uf the Treasurer hn
bi- suJoidina.cs find the accounting Officers pur-
-ung duties evenly and exactly without repro"ch
+ criticism. ,,. ,.-
Now gentlemen. can say no more. When l leave
Won desire have the kindly rccnrctOns and ricnd'
sLip OF yOu all. viii be glad 10 shake Lands VITA any
who desire 10 do 70.
Mr.. Sherman appeared to he very much affected,
and his concluding remarks were broken and at
times almost inaudibc. Many Of the prominent
officers. particularly those with whom he has been
intimately associated, also deeply affected.
The manner of the Secretary to-day was evidence
that he cherished tho deepest feelings for those
around him with whom lie associated and to whom
lac has become attached.
Assstant-Secretary French will be tue Acting
Secretary of the Treasury until the vacancy IS icd
by President-ecct Garfield.