The Report Of The Secretary Of The Treasury

Trom the N'ew York Tians. Thero is, of course, the greatest interest iu finaneiül circles as to wBet measures will bo recotninended by Secretary McCullocb to fJcmgrees, which meels in two brief rnotuhs. The liinmcinl óuestion wtH divido the atlentiou with the questiou of ro construction ; but we judgc fi'om what is knovni of the Secretary.'s thoroughly practical rniud, from the opportaoity lie bas had of tcsting tlio value of vsrious sehemes, and f min the fact that partisun issues are involveil, that it will be much easier to reach a decisión on the financial thau on the politieal q-uestion. It is au admirable af Scerotary McCulloeh's admiuistration, that bis special rneasures or projec'3 nevcr leak out in ad vanee. Nobody can fpeculatc upou anyihing that " tkey know " the Secretary is g'jing to do at tiny particu kir time or in any particular crisis. All that anybpdy "on the strect" or auywhore else knows of his poliey is thatso far as is in his power he will adopt, or will try to have adopted, puch measures as will incroase the frnaucial strength of the governiaent, improve its credit at boms and abroad, and secure tbe nearest approxiuifition possible betwoen the val ue of its seeurities and the universal standard of vaiue, gold. He expreseed his views, in general,, when he tirat acceptod office and declared that it would be bid constant ahn to secure the adoption oí 8ueh measures as would iavor a speedy return tbe specie basis, il e bas been able tQ do but littla iu this way as vet, owing to condition of afl'airs consequent upon the close of the war, the dittso.lu.tion of our amies, and tbe heavy nmouot of work and of' cash iu volved ín the settlement of accounts. - But be has now time and opportunity to systernatize and perfect his plans, and he has the means at Ltis disposal and in prospect to carry out the most comprehensiva incastires of financial iinprüvement. The extont of the public debt, and the interest demand, have been as oovtained ; the estimutes, military and civil for a year of peace can be iutelligently niadè ; he can give data as to customs returns, past and probab'e ; and be Ikis beon ablo to judge the permai ent value of the infernal revenuii system, and the aruount it will bring to the National Treasury. With these important pomts olear, with a large surplus of gold in his hands, and with a bealthy eoudition of all the branches of his department, the Secretary of the Treasury will go before CoDgress in December able to wpeak with authority, sueö to bo hcard with profound attention, and almost cortain to command fjll support for all his recommendations. On this matter the well-posted Washington corres pondent of the Springöeld Republican, writes : " Mr. McCulloch bas plenty of work for Congress in Doeetuber. He will rnake his report promptly, and it will be found that he is not quite so non-committal as his predecessors, Mr. Chase and Mr. Fessenden, were. Tliis ia rny opinión ; take it for what it is worth. It is in the power of Congresa to give the Secretary suoh power as will send gold lower than it has been sinoe the first year of the war. The Secretary is in a position similar to that of the President. The country is so divided on the question of contraetion of the currency that, wbatever he does, he will seriously otfend many of bis friends and the earnest friends of the government. TJnder such circumstanees, be cannót do better than to urge Congress to adopt his own views."