The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-09-15

z II VIII Ur ccrN w hlr N6sNAA ~ A4N
Postmaster General. herewith eommnni-
Gated. Ihsl he fiscal STARS al The DepxrI-
menl have been successfully conducted
: since Nay last on he principle Of dealing
only in The legal currency 81 The United
States, and that IL needs no Legislation 10
MAINTAIN is credit, and facilitate the msn-
agrment Of It's concerns: the existing laws
being. in ihs'opinian Of thar officer, sGn-
pie for hose objects.
DifiicnllIes will doubtless be encounter
ed for q season, and increased services
required fIom ihe public lnneiionsries:
sneh are usually incident 10 The com
. meneemeni Of every system, bui they will
be greatly lessened in The progress Of is
/ operations.
The power and influence supposed 10
be connected with the custody and dis
hursement af the public money. are topics
on which The public mind is naturally.
and. with great propnely. peculiarly SEN
silise. Much has BEEN sand On them, an
reference 10 the proposed separation "flhe
Government from the banking ihslilu-
tons; and surely no one can object 10 any
appeals or snlmadversions on the sub
jeri. which are consistent with laeIs, and
, eyince q proper respect for The inlelli-
genee Of the people. II 4 Chief Msgis-
Iraie may be allowed 10 speak for himself,
on such point, can truly say. lha, n
me nothing would be nnFe acceptable.
than The Withdrawal from the Exeeu-
tive, 10 the greatest practicable extent. 0i
all concern in the custody and dlsbuTse-
ment Of the public revenue; not lhai |
would shrink from an, responsibility cast
upon me by the duties of my uffiee. but
because Il is my firm belief. that IIs ca
pacity for usefulness is in no degree pro-
NOTED BY the possession OF any patron
age not actually necessary 10 the perform
ance of those duties. But undsr our pro-
sen, form of Government. the inIersen.
ton Of the Executive officers 10 the Gus.
tody and disbursement OF the public m0-
ney seems TO be unavoidable; aud before
il can be admitted that the iRilueaee and
power OF the ExecUute would be incrcas-
ed by dispensing with the agency of
! banks, the nature Of that Intervention IN
such an agency must be Carefully regar.
, ded. aud comparison must be instituted
between its exleal IN the Two Cases.
! The revenue can only be collected by
officers appointed by tie President, wiih
the advice aud consent Of lie Seuale -
The pubic moneys, il tie first instance.
! must, therefore. ~ al cases, pass through
/ hands selected hy The Executive. Other
officers appointed in the same way. or.
a. in some cases. BY the President alone,
must also b. entrusted with them when
drawn Tor the purpose OF disbursement.
Il is thus seen that, even when banks are
I employed, the pubilr funds must twice
pass through the hands OF Executive oti-
! Gers, Begdes The, the head OF the Tr-a
sury Department. who also holds hrs OF
fee al the pleasure Of the President, and
some o,her officers OF the same depart
/ menl. must necessarily ne iuves'ed with
more ar less power in The SELECTION, con-
! tinusnee. sud supervision, Of the banks
that NAV BE- empInyrd. The question u
then narroseo tn the single point, whe-
Their. IN the intermediate stag, between
the collection aud disbursement Of the
pubir money, tie agency ol backs IL nee
cessary 10 avoid dan EerOus extension Of
the patronage AMI tn'ln*pcc II :he Exc
cutise! But Is II clear ;'lat the cnnu &C.
ton If The Executive with r"-gs:iHl mn
neyed INSTITUTIONS, capable al nln!stsrng
TO the interests Of men IN points whefe
they are mast accessible 10 corruption, 10
less liable 10 abuse, than his constitution
Al agency in the appointment and conud
OF the few public officers required BY the
proposed plan! Will the public money,
when in their lands, be necessarily ex.
posed 10 any improper Interference. on
the part Of the Executive May ii moi
be hoped tina, a prudent fear ui puhlls
jealousy and disapp'ob.Hon, in a matter
40 peculiarly exposed 10 them, will deter
him from any such interference, even il
higher motives be found iuoperstlve!---
Nay not Congress SO regulate. by Law,
the duty Of those officers. aud subject il
to such supervision and publicity, a, to
prevent the possibility Of any serious
abuse on the part of the Executive! Aud
is there equal room for such supervision
snd publicity in connection with banks
acting under the shield Of corporate Immu.
mites, and conducted by persons irrespou.
sible TO the Government and the peoplel
l. is believed that a considerate and can.
did investigation Of these questions will
result in the CONVICTION. tnal The proposed
| plan 10 far less liable To objection, on Ihe
score Of Executive patronage aud control
than any bans agency that has been. ~
eag be. devised.
| With these views, | leave to Congress
Tie measures necessary tn requisite, Ia
the present emergency, the sale.kee tIng
and transfer Of the oublic Doneys. l.