. Jay Cooke, financier of the Civil War . already has tremendous difficulties to over-come in carrying on the finances. Congress, he says, is verykindly disposed toward him and has given every evidence ofconfidence in him and his policy. The resolution of the senatorialcaucus is not aimed at him, he knows, and is so assured by thesenators themselves who passed it, so that of itself has nothingto do with his resignation, nor has the Train resolution (al-though he did not allude to it). But the clamor that will followthe resignation of Seward will much of it be directed againsthim and the existi
. Jay Cooke, financier of the Civil War . already has tremendous difficulties to over-come in carrying on the finances. Congress, he says, is verykindly disposed toward him and has given every evidence ofconfidence in him and his policy. The resolution of the senatorialcaucus is not aimed at him, he knows, and is so assured by thesenators themselves who passed it, so that of itself has nothingto do with his resignation, nor has the Train resolution (al-though he did not allude to it). But the clamor that will followthe resignation of Seward will much of it be directed againsthim and the existing opposition in some quarters to his financialpolicy will be intensified ten-fold by added hostility, from Sew-ards friends. Every step in the future will be embarrassedby factious opposition. All this will be because Sewards friendswill charge Governor C. with having been connected with themovement to oust Seward. Already there are whisperings of itwhich are made plausible by the pretext that Chase had gotten JAY GOOKE ^ CO., <53S„-S. H fll°s - gal? a •eS slsllg 131^ B.^ g aBSar - If <;.- S4b=. sifa?& JAY COOKE Seward out of the way for the purpose of obtaining and main-taining control in the cabinet. Although Governor C. recognizesthe importance of his remaining in office to protect and perfecthis policy, and feels his obligations to capitalists, who have in-vested in the loans, to do so as long as his capacity for useful-ness is unimpaired, he feels that if he were to remain in the cab-inet at his own instance under the existing circumstances hisability to carry through even his own measures would not beequal to that of another person sympathizing with him in hisviews. Hence, even his obligations to protect capitalists wouldbe best subserved by resigning. The President has not acceptedhis resignation and .insists upon his remaining. Congressmen,Senators and others are also urging him to withdraw his resigna-tion. He is in doubt what to do. He will proba
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