Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-08-05
Essba.tVECAa.
PAYMENTS.

TREASURY PAY MENTS.
The t0nding ,Duy Of the lnteligcncer OH these paw.
hehts' Is calculated to excite more mirth Than anger
II first charges, that the Treasury experiment has
Jailed because every officer contractor in tho Union
who, without pre- notice or authority may choose to
draw on the Departments Washington, not INDUCED
10 Tie within or speculation, the may be. AnJ hen
II is shown that they paid the places where h.y
ve or The service performed, the nearest coa-
venen' place, or at any other mutually agreed on-ien
orsooh the Bank cry still is the experiment. kas fuiied
IL tins be failure, lis friends hope it may continue TO
Tail ia this way
2 L. next charges that though The payments be made
at such pisces In the mode substantially prsctseL hereto
lore aud in The only proper, set the payments are
said 10 be made in drafts distant places aud the officers
aud contractors " fJbbed oil " With uncurrenl money:
"ihe particular grievance with which beg an our
rem ks on this SUBJECT the forcing upon
checks upon distant banks, whereby the ndici,tal ere
dtofs OF the Government obliged 10 pay the cost OF
the transfer OF Government MONEYS"
We then showed that such drafts were never giv I'm.
lees desired by the officer himself, for his benefit
Chat they could not by law be given, that no benefit
would arise from giving them) and that payments were
made in current money in constitution con-and that
they made promptly with as ule loss 10 le
occr, or the Treasury, in former times-and vet the
cry still IL, the experiment has failed.
. II then chatges, that officers sometimes take drafts
on Philadelphia or New York, rather than tile Banks
at Cincinnati Louisville the Branch Banks of the
United states at ST. Louis gh-and oblgs Me
Indians or Others may carry with them few thousand
dollars IN particular kinds Of specie las often done
iormefy) and hence it is reiterated more he cape
| ,i1lent has faiLed
"Ihe Government obliged 10 incur the Inconvenience
and expense OF transporting specie land TO the Wei
because it ha, funds in the West which it can at
pleasure, convert into SPECIE
Tkey told, in reply that this matter of choice or
convenience, as heretofore that the Tre.ury can as ell
give drafts on the wesss he East, have funds trsuser
red, ree oil expense either wayor could give them on
The ntcd States Branches at Pittsburgh and ST. Louis
the very places the lnelligencer names this morning
and ia which at The last published returns the Treasury
appears SUI to have ample deposes, and for which as
from other Western Banks, las hereolore1 il can draw
sPecle-and yet, lorsooih, the experiment. has failed
Above all this, every body who inquiries course
exchange, a lral on
Philadelphia or New York. as worth to an officer or
IN the West or South west, Than specie
and that they choose take such draft and carry specie
hi'her instead OF it, /, fault of the system OF of the
Treasury Department.
drafts on The Eastern cities, unless desired; they are
better than specie, and as the selected Banks in those
cies are bound TO transfer their surplus funds West or
lee OF expense, whenever desred-and yet
the lnielIgencer gravely says;
Both cases prove the failure of the experiment as
Let him ask the merchants OF Cincinnati, or Philsdel
pha ese cases he adduces, so far supported by the
real facts, evidence that the eruerinent has fai3
4 But the brains OF good brother of the Bank organ
nusi he little affected by the late severe heat One or
two cases in nine months Of protested draft drawn with
ard twenies II no ides His multiply faster m an
Fslssh's in buckram Ore day he breads lest specie
musi lie transported from Nachez TO Portsmouth TO pay oil
| iaii. mug
When he is better informed this poin, and his horr
Ole 'mdginings soolhedtien presto he breaks out in
new spot and he 'gorgous, y das and
to the experiment and the country, because it feed
specie must under the system, directly tie other
wny-be carried from the Atlantic TO the West
Ills specie operations like his charges perfect
Jack lantern or tgnis JdftHs They first set like
the des in the Bay OF Fupdy with tremendous rush 10
The eas'-ihey then set with equal force TO the west
w'e, 10 uh IS The gentIemans brains or sympathes
Tor ihe experiment. that uneasythe specie except
when some particular kinds wanted for particular pur
poses keeping very quiet and orderly regards crossing
the Allegheny mountains, and dn,iIuy obeying the fixed
laws OF trade, rather than the imagnAo or wishes OF
ne wspaper editors.
II happens that those laws still aid rather than iniure
the experiment-and will continue, we trust 10 aid IT,
notwithstanding the repdeion and horror Of the kind
irienf Of ie Bauk-esl the experiment. has failed
Globe July 80.