Year: 1865

Administration


The Washington correspondent OF th'
New York World speaks as follows o


President Johnson's financial sdministrs


ton. Il Coming as it does from paper bit


terly opposed to the party which elected


Mr.. johnson, its reluctant testimony has


double significance:


STRICT KcoNoMY TO BE INSTITUTED.


The most important change will result


from President Johnson's peculiar ideas on


the subject of finances. Here his strict


construction democratic education will


come into play for the benefit of the coun-


try. He intends to mske his sdministrs-


ton the most economical, under the cir


cumstsnces, that this country has had since


the time of Washington. He will tolerate


no abuse in the way of reckless spending


of the public money. Unostentstion him


self, not desiring thst either he or his


friends shall pocket any emolument except


what legitimstely belongs to them in the


way of salary, he is determined that the


country shall not be heeced by contractors


and the treasury leeches and others who


have done 90 much to swell the aggregate


of our public debt He is aware that he
can secure-a popularity by allowing these
people to keep their fingers in the public
treasury; but he realizes that the debt the
nation is TO pay is 30 enormous, and its
burdens will be so onerous, that no admin
istration can last longer than one presi-
Dental term that does not make its mark
in favor of the strictest economy in the
disbursement of the public funds. he is
determined to so conduct our finances that
it cannot be made party cry against his
administration that It needlessly spent one
cent more than the absolute necessities of
the country required.


THE FUTURE DANGERS AGAINST WHICH


TIE PREsIDENT Is PREPARING.


I SIN sure that President johnson real
izss that the danger in our future is no
longer from the Southern remnants or
from the doctrine of State rights
These have been settled. He
also understands that there is
40 possible danger from the outeries of ex-
treme abolitionists in favor OF universal
suffrage. That matter has been settled by
toe good sense of the people, who have de-
termined TO leave the question where it be.
longs-to the citizens of the several States.
But he does realize that the danger in the
future of this country lies in the corruption
of its public officers, in tae corrupt inhu-
ence of vast moneyed corporations. There
is danger from the men who will msnipu-
late the vsst sums necessary to build the
Pacific Railroad. These men, by reason of
the contracts they will control, and the
money they will disburse, will be danger
ous elements in the future legislation at
Washington. 81


The great moneyed corporations under
the national banking law are also an ele.
ment Of danger, because their united &C.
.ioD, it is feared, will be more than enough
for the virtue of the best Congress that
ever sAt there. The holders of the public
debt also will likely uss undue influence
upon Congress. 1t is realized, too, that
We are only in the beginning now of great
fnRncisl enterprises and adventures, IN
which men of great means, great energy,
and entire unserupulousness will endeavor
10 control the action Of the Government to
further their private ends; and against
.hese corrupt nfuences-sRsinst the great
noneyed corporations that will be the bane
10 our institutions, President johnson is
determined to set his face firmly. The
army and navy are TO be reduced to the
esst limits consistent with the national
safety and honor; the civil lists will be eK-
plunged of all names of men who do not
3Arn their salaries, and the expensa of tho
Government in every department are to be
liminished to their minimum.


+ Such IL the programme of President
Johnson-pesee, order, constitutional law
4 stern economy in the conduct of public
sHsirs. He will be firm in the maintain
snce of our rights abroad, yet careful not to
provoke conflict while the nation is re-
covering from the exhaustion of the war
md the burden OF the great debt. Presi-
lent johnson may not be admired by the
-ormer sstrAps of the War Department, or
1y the spectators in Wall street, but the
great commercial interests of the country
sannot but give him credit for desire 10
bring about the reign of constitutional Sc
,urity, and the practice of those economies
which this frightfully expensive war has
ed us almost to forget.