Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-12-23

receipts beforehand With great certainty, but
should they not differ essentially from present an
tlcipaions, and should the appropriations not
much exceed the estimates, no difficulty seems
likely 10 happen in deiIaying the current expenses
with promphude aud fidelity.
Notwithstanding the great embarassments
which have recently occurred IN Commercial az
fans, and Inc liberal Indulgence shich, II casise-
auence Of these embarrassmeRts, has been exifn-
ded 10 both the merchants and tie hunks. Il Is
gratifying to be able TO anticipate that The Tfea-
sury notes, which have been issued during the
present year, viii be redeemed, and 'hal the r.
sources Of The Treasury, without any resort TO
loans or increased taxes, viii prove ample lo de-
iravng oil charges imposed on il during 1883.
The report Of the Secretary Of The Treasury
will afford ven more minute expedition Ct all
matters connected with the administrator ctite
finances during the current year; rcucd which
for the amount a public moneys discussed AID
deposited with the States, as ".l AZ he 'inaiieal
difficulties encountered and overcome, hes iew
parallels IN eur history.
Your attention was, of the last sessoE, invited
TO the necessity Of additional legislative Psovis-
ions IN rcspec, to the collection, sae ktepng,
aud transfer d the public moncs. No law hang
been then moIured, aud not understanding hs
proceedings ol Congress rs infshdnd ME bUal,
il becomes my duty again TO bring the suljevstD
your notice.
On thai occasion, three modes Of performing
this branch oftle pubic service we're FtcssEltd
lnr considemiinn. These were; ll* crsatien Of
National Bank The revival, wh mod feailops,
oi the dtposiie systcnl established ty The oct q
the 23d Of June, 1896, permitting lfc usc 81 tie
public moneys by the hunks aud tie dlsesHtn-
liance Of the use of such instuih Us tor he ru'
pose refer d 10, with suitable provisions ioI hsir
accomplishment through the agency q pubic
officers. Considering The opinions u boil Lou
ses OF Congress on the two first pruposersns
expressed IN Tic negative, IN Which ! tintty
concur, il Is unnecessary lrt ne HEnin 10 ncur
10 them. In respect 10 the lasl, yoi have bad an
opportunity suce your udjoutnn tni, 10; ofiy 70
lost sill further the expedicEcy Il The tptasG't,
by The continued practical operation III ssHi. Talss
ol il as are new ~ force, hui alsU ia distotes--
what should ever be sought for and ftgafded VIII
the utmost deierencC-lhe cpiniuns and wlslesof
the people. The national Will IL tie surrtne law
of tbs Republic, and on MI subjects wnlan tie
limits Of his constitutional ppNcrs, ,hould he inIh'
fully obeycd by the rulhc ,tnsfi. gaze nc
measure 10 question: was submitted g yea eor-
sdcmiion, most OF you have cnlo>Vd tie ad,Bn
tage of personal communication with yolu ttiSty
;ucnls. For ore Stale only has an election l,,n
held Cor the Federal Governments Int the eaiy
day At which it took place, dopii,es The measure
under consideration Of much Of The support il
might otherwise have derived from the result
| Local elections for state cficcs have, how ever,
been heIa Ii several Of the States, at which tic
expedcncy Of ii,c elor profescdby 'he EAeen-
i've has been more or less discussed. You VII,
| am confident, yield to their fcsuls ihe respect
due to every expression Of the public 'o.cc. De,
snng, however, TO arrive nj truh and just view
Of the subject 10 all its bearings you win al tho
same time remember, that questions II far deeper
and more immediate local interest, Lan The fiscal
plans OF the National Treasury, were involved
| in those elections. Above all, wo cannot over
look the striking fact, that there were II The lime
in those states more than ore bundled aud sixty
millions of bank capital, Of which large portions
were subject TO actual lorleituIe-otLer large por-
tons upheld only by special and liuated lsaisla--
tive indugences---aBd most of It, if not all, to a
greater or less extent, dependent for conf nu-
ance Of It's corporate existence upon tie viii Of
the State Legislatures 10 be tlen choseu. Ap-
prisoG Of this circumstance, you viii judrc Width.
ton of that vast interest in these respects, lleex-
tent to which It has been spreno through oil tie
ramlica,ohs Of society, us direct connCcttn vah
the then pending elections, and the itciina i VAS
calculated to iutusc INTO The canvass, have txer-
ciscd far greater Influence over the result, Ian
any whuh could possibly have hcen pcufctd ty
a conflict Of opinion IN respect 10 gueritn IL tie
administration Of the General Goyertucti, ntie
remote and far less iupniani in IFS heatirgs upon
that interest.
have found no renson 10 charge my own
opinion as to the eSpedlcEcy Of adopting lie sys-
tenn proposed being perfectly satisfied that lLtle
"iIl bo neither stability ncr safety, eaEeT in lie
fiscal affairs VI the Government, or ~ tie Getil.-
any Transactions Of individuals ard coipslauoug
50 lorg Us connection eAitts lciwttn tttn,
which, like the past, Offers such strong induce
ments TO make themt subjects OF political agtta-
ton. Indeed ! am more thaneyerco q, lio
dangers TO which the free aud unbasstd txtftist
% political opinion tle oniy sure Foundation ans
safeguard u republican goseIEnjcut--would +"
exposed by any further increase ol the alieud'
oyergfuNn Influence Of corporate authorities. /
/ cannot therefore, consistently Nuh ny views III
1 duty, adyl,oa renewal Of a connection which cir.
{ cuntlauccs haze dissolved.
4 The dsconnuance a the use Of State Banks
for fiscal purposes uaght nut to lie regarded as
c measure Of hostility toward those institutions.
d Banks, properly established aud conducted, a,g
y highly useful to 4 c business 81 thc county, eto
y Will doubtless continue To exist III ihc Slales, sd
# long as they conform TO their laws. and aic ion
d to be sale aud beuehcwl. How dey Should lC
+ created, shat privileges thoy should enjoy. usGt
% what responsibilities hey should act, utoiu VII
ii restrictions they should lie sullect, ass qctstN.
e which, as observed IN previous ottasH I, &
70 long to the States TO decide. Up,u their ,iolls
! or tho exetclso OF them, the General oyenuu
n nm have no mnlINe 10 nncInnlh. LIS LltN NJ