The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-12-10
What Others Say.
wANTEp-A STATESMAN,

Representative CnarleS N. foWier,
of New Jersey, Chairman OF the
House Committee on Banking and
Currency, describes Secretary Cor
telyou s new bond issues as "sur-
prising, extraordinary, unwarranted
and most unfortunate. So far as
the 800. .OOO.O of Treasury GER
tifcates is concerned. Mr.. Fowler
believes the issue is illegal
This opinion from recognized
financial authority of the House of
Representatives can only increase
public perplexity as to why Mr..
Courtelou is where he is. In its
Immediate effect upon the public
welfare the office of secretary OF
the treasury is the most important
in the Cabinet. In a financial
crisis its Importance lowers
above that of all the other
Cabinet positions combined
PARTIALLY all of President Roose-
felt IS predecessors recognize 1t as
an Office which required unusual
qualifications and the widest ex-
perence. To appreciate how little
Mr. Cortelyou's IS training as steno-
grapher. private secretary and per-
sonal appointee has fitted him for
the extremely delicate and RESPONSE
BILE position he holds 1t is necessary
only to call the roll of previous
Secretaries of the Treasury.
Alexander Hamilton. the Father
of our Treasury system. was re-
cognized as one of the foremost
statesmen of his generation when
he entered Washington IS Cabinet.
He had been a member of the Con
tinental Congress and the Constitu-
| tional Convtntion lie was a
brilliant lawyer and the chief author
OF "The Federalist.n - the profound
est of all treatises on the Constitu
IiCJ Iiistcflts have generally
concurred in Webster's eloquen.
tribute to Hamilton genius as q
financier: "He smote the rock OF
the national resources and abundant
streams of revenue gushed forth
he touched the dead corpse al
public credit and 1t sprung upor
its feet.''
Oliver Wolcott who succeeded
Hamilton. was the pupil of t,a
great master. lie came of fanil,
which had been conspicuously ant
honorably identified with public az
, fairs for three generations. IT,
served both as Auditor and Com
ptroller of the Treasury urGe
Hamilton and was recognized as
man eminently qualified to carr,
on Hamilton policies.
Samuel Dexter, who follows:
/ Wolcott. had been Unitd STATE
Senator and was John Marshall
successor as Secretary of War II
I Adams S Cabinet. Albert Gallatil
5 was already recognized as one .
y the commanding figures of Amori
q can politics when Jefferson mad
!, him Secretary of the Treasury
was by Gallatin's IS influence ,lia
the Committe on Ways and Meal,
was created, and his fame as
n financier Is second only to Ham.
toms.
n "A long line of less brillian
successors such as Dallas, Craw
> ford, Rush, McLane and Duan
: were all men of personal influ
s ence in public affairs before the
!. were called to the Treasury. Rol
: Ter B. Taney afterward became Chic
Justice of the United States SUI
rene Court while Robert J Wa
ker had been a United State
8 Senator and was distinguish q
student of economies long befor
8 he became the author of tn
n Walker tariff. Levi Woodbur,
Thomas Owing, Thomas Corwil
= Howell Cobb and John A. ID
were eqaal If not superior
liability and public experience [
Presidents under whom they ser,
ed. while men like John
Spencer and George NJ. Bibb. no
!, practically forgotten were anon
r the eminent lawyers OF their gel
eration.
Beginning with the civil wa
Salmon p. Chase had been
United States Senator and Governt
OF Ohio before Lincoln called hi
to the Treasury, and he left III
J. Treasury to become Chief Justice {
fha ITnitad Qfata. C,,o~n <,o..-