The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-09-15

of doubtful benefit TO the institutions themselves,
and productive OF disastrous arrangement ~. ihe
business and currency OF the country, l. u tue (
mart Of widam again 10 renew the connection
IL is true that such agency is 10 many respects
convenient to the Treasury, but II Is not iudispen-
sable. A limitation OF The cASenses OF the Gov
ernmeRi 10 lis actual wants, and OF the revenue
to those expenses, with convenient means ior
~ nrompt application TO the purposes tor which
il Mas raised, are The objects which we should
seek 10 accomplish. The collection, saie.keep-
ing transfer. and disbursement, OF the public
money can. il is believed be well managed by OH
GERS Of the Government. Its collection, and, to
gre,t extent, its disbursement also, have indeed
been hitherto conducted solely BY them; neither
National nor State banks, when employed, being
REQUIRED TO do more than keep !, safely while 10
tbe,r ,cus,ody and transfer and pay 1t IN sneh por
,ons and at such times as,ho Treasury shall direct
/ surely banks are moi more able than the Gov
eminent to secure the roney IN their possession
against accident, violence, or fraud. The asseT-
lion that they are SO, must assume That 'aut IN
a bank is stronger than vault IN The Treasury !
and that directors, cashiers aid clerks no, selec.
ted by the Government, nor under IT'S control are
more worthy OF confidence than officers selected
from the people and responsible to the Government
officers bound by official oaths and bonds for a
faithful performance Of their duties, and constant,
" subject to the supervision OF Congress
The difficulties of transfer, and the aid Hereto
fore rendered BIZ banks, have been less Than . US
uaily supposed, The actual aeeocnis show Thar
b, far the larger portion Of payments u made
within short or convenient distances from The pa-
c,s Of collection aud the whole number Of var
rants issued at the Treasury ~ The year ISIS
year the results Of hich wall 4 IS believed aitefd
/. safe test for the tuture-tell short OF hve th"o-
sand or an average OF less than oae daiiy Tor each
Sgie, in the city OF New York ihey did not aver
ape more than two DAY, and al lhe city OF " Asa'
ngten onl4 four
The difficulties heretofore existing arc, morrow.
n. daily i s>ea,d by an increase IL the cheap
uess aud facility OF communication; I'd 4 may bs
asserted With confidence, that tho necessary trans
ivrs, as sell a. tbs Keeping and disbursement .
The public MONEYS can be with safely and conSch
tcucs accomplished through lns agencies Of Treas
afy officers. This opinion has teen, ~ some de
gree coutifmcd hy actual xperlsoee since 'hc DIS
continuance Of II. hanks IS t-ea agents, ~ Nj
last peri1d slieh, from the cmearrasstacnts Il
Commercial intercourse, presented obstacles a
=, gtca, 40 aoy that may be hereafter apprehehdcd
Tie y, anrct cf keeping the pubic money .ine
,ai sersd is lully stated IL tr report 81 the sec
felary OF the lfga-urg. That ofieeF zlsp ID. gost
tbc pfnaft,3y e, ass Eptcg, hy aw, ceriaia add
4 cars, which, sslh the notifications and -ale guard
rccrfct! 10 ~ III %, ~ a, be thinks, enable the ID
& patlp.cnl g. cntnur 70 tesprm ints breach q
, ,le n,isie service, sttAss, aus maltfial aajiiu
q either 10 lhctF npe5ltr ~ % tho present expense
3 The & iea, OF t8e blsincss To b. transacted la
J. aiftady been slBUd And 10 lNri - the alnoun
T. Of faeutY Niih e alri this officers piasvc woab
5 b. entrusted Ut aag ttge, It spPears thut, A.
. san,inc taltoce OF fse mtsigss % b. al al time
c Kept in the Treasury, and tine wholt o It .s'I =
). th, hand, Ul the coirclis aad receivers, the Hs
: portion 81 rach Gegd DOT exceed average
v fhldY thsusaud Gg.iaf.. hui that. dFdncting %
l. mSl.san iof io 81 The mint, assaaslng u.c u
3. raaiasug four millions b. IN the hands Of on,
u ball ~ the gsescnl Hu ther Of clictf-s suaaz
5, sui94 de1iurd uors lsely 10 corfcspsad sinh n
i lAci--thc sun IN tls hand. 81 each woold st
D. less tban the amount of most ct the lYoHds &
y zen from The receivers OF public msnusy. Ever
Is apprehension, hoSey,f. on the subject, either
'c respect 70 he SAFETY OF The money. ot She faith
3 discharge of THESE G.csl Transactions fnay. Il
81 peers to me b. ctisctwaIg removed rs adding
the present tsuaus ~ the 'frsasnfy tie esinhhs
II mca, ~ law 90 "a tn, poriant points, - ote'
e for the d',ostte and di-burscfnsnt ri sBch 20
li0ns ut the public revenue eaunet, xtih nhv
q sus saiatt and convenience. b. len H. ihe posse
Is 'suu 81 tn eol -ctIag officers unll Paid aser
D ib-u 20 the pBa.ic cfrillnts. Netlher the amour
u urfsiaed ia thfts ia ds pof tliose deposited u II
b Offices Nouid. 10 an ordinary conditions of the 2
r. yegae, be larger III unrt cases f1sn those o1t
. uuder tie cogtrol 81 o. bufslBx oticefs ol the 4
b ,uy and Now, and nigit - entirely safe. Us :
ie qOiling srch srcariiies a,sl etefcIsug such CO
b. trolling supervision, a. Congress mas by law pr
p scribe The p,iaeips officers Wh0e, npp1tuinen
= &nsid bec0rap Necessary under this plan. takir
o tie largest number suggested D. tic Secretary
'he Treasur,, efo1ld rot cxeec6 eea. nor thg sde
ir tiuual ctpcGss. At the same cstIuzte, six} tho
- sand collars yeaf
re There can b. 10 doob, of The Obligation Of tho
D. who are entrusted ~h lie 4ffairs 81 Gosernrues
r. go conduct tr still "a little cost 10 the nation
IS j. consistent ia the public irterc.. ana II
Il Congress, sad ultims'ey iaF tbs Psopi, 10 dcci
u. whciher the benefits u hc derived from kceptr
y. fiscal concerns apart and -tgerng the conae
ton which has hitherto c4sIcd b.iaetn tl,c 60
re- eminent ADD banks, oiIor aishclen advantages
al Iasly the necessary expense. II the ohIsot
y BE- accomplishi /, deemed important 70 tbs fitI
e. welfare oi the country. ! cannot allow myself
rs ben that The addition p tbe public cKpendtur
e ~ comparatively snail at amount aiil be q
II fleet il. viii be ohjgced tob By the peep
ii II viii BE- seen by The report Of tie Ppsltnsft
ID General, herewith communicated, that the hsc
D. lasIfs Of thai Dcplr u,cnt have been ,uccessiul
&c conducted since May last, ny3u the principle
q dealing onl, 10 tho legal cUtreucy az The Uui,
q, aies aud that IL needs no lcgi.lsiisa 10 nsinta
10 is credit, and facilitate The management Of lie co
lg Germs the existing laws, being, IN the ogipioa
pl That oiiiccr, sniple for those Objects.
D. D,ficuihes Nid d4ubtlcss be encountered for
a a