Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-25
[Frsm our Correspondent RotAsesiid, No. xxViiLl
WAsHISGroN, Sept. Il, 1881.


I,has become very fashionable of late, refer to
The mode of collecting keeping and disbursng the pub
lie revenues in those enlightened nations OF Europe
France and Englaudor the purpose OF convincing the
sceptical that Mr.. Van Bnrens sub-treasury scheme
ought to be Immediately adopted in this republic They
who argue in this way forget the distinctive difference
between n democracy and monarchy AL Offices anu
honors descend from the king, and 10 him alone are me
hsders of these gs responsible politically and social
w. How il il in our country The fountain Of homer
and profit is the people Incidentally tho chief OF
fcer of the has the power 10 appoint y sta
tons Of trust and homer but the appoinees do not look
20 the president as tie chief OF their good for
tune. In the changes that must necessarily take place
under republican government is to be found that great
disposition abuse Office for the mean purpose 81 sell
ACKNOWLEDGEMENT. Not so IN moDarchies. Changes de-
pend In them upon the admnisu alton OF public affairs,
and this circumstance operates as powerful incentive
10 correct conduct. Public trusts entirely apart from
the keeping OF money have been ana are abuses ~ nus
country IN an extent that is found IN England
The propor,ion il almost four 10 IL you add
the dangerous incentive Of keeping the public monies
10 our changeablc Offices you open door 70 corruption
that nothing win close buta radical alteration IN
the form of our government.
do not speak at random. In all monarchies the
conservative principle Is so great that the guard OIL me
public treasure is safely entrusted to individuals Inc
great rule of one pervades the whole system. Not so
IN a republic Our great principle Is the control OF the
,nanv II sprang from reasonable Jealousy 81 the
weaknesses of human nature under the operation OF Tree
government This daily seen IN the organ.
Saon of every department where the appointngpower
exis,s and where the responsibility is only the law.
shall we then extend this defective policy tue keep
INC az IN. public treasuresl Assurcdly not f leg
slae phios.phicaly Our only safeguard for the Gus.
tody Of the people treasure Is IN the vigilance ana
keeping of the many. -.
n the Office of President were tor Lie then the Gus
,odv az the pubc funds could be safely entrusted 10
dfv;duals a. proposed By the sub.ueasury bill be
Toye m, readers understand the rule OF action here
laid down and they win readily appreciate IL force in
making ID ther minds upen the propriey q me new
scheme In monarchies the bond 81 responsibility 70
the is so great to couneract even tne inhr.
mites az human nature In republics our weaknesses
arc IN he held in check only by the watchiulness OF ma
80 ar The counter influence OF other interests Inc com
,n,,ee an finance seemed have been aware OF THIS
,,r;pcipc for they have constituted N lhef suorcasu'
~ bill the naval officers and surveyors me iand'eiice
,ser, and the directors and superiutendents O inc
n,s A. checks upon the several officers appoa'cd 70
Losn ,Lc public funds and authorized them to report
90 he Secretary of the Treasury once quarter AZ
L., lie condition Of these depostaries. SUI oi
h, a, q this reguation7 These constituten chccNs
receive their appointments from the same source -
deposi.arics aud consequently their interests arc 'e
same. ,,..iu.o
The keepers Of the public revenue should not there-
fore be nnaer the executive control and influence
They should not under any circumstances, nave Tue
control OF these funds at any one place indvsushy
They must be bodies OF men Influenced IN the nos'
powerful degree BY the strongest inducements 70 VAR
over and Keep safely the treasures placed ~ me'r
hands. This duty has been performed by BANKS ever