Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-12-16

b..>u
Weld 70 .asr respect due TO every expression q
se public Desiring. TO arrive at ;.sta and
jus. view OF ,as subject il ali is oearn you WI" ~ tbs
sa. Tina remember, questions Of far despcr and more
than the fiscal plans OF ,s Ma
:ioaaI Treasury in:o7ed IL taoss elections AooFe
AL we car,o. overlook the striking iac sha: icee were
a. .e t!s u ,aan oce hundred aad SIX
- uics OF bank capital, of wach large portions were
s.ct 70 actual large portions upheld only
y so.cal and limited legislative genceaid most CT
il, if no, ALL greater less extent dependent or con-
of lis corporate exisieacs uon tas WI OF ts
S,aie chosen. APprised OF sbIs
cu'nsa,cs. yoi WIZ JaGee' "he'.'1- :. ~ No.
:., the peculiar condition. Oh ina: VASE interest ii tese re-
goec the cxie: which il has been spread through al the
CT society," is direct coec'ion "itn is ea
pending and III. feelings IL was calculated u M
fuse che cansas have exercised lar greater adsce
result, than any "nlch coaid po''F NAYS osei
produced by conflict OF opao, III TesPec: % Question:
in III. administration Of .h- General Government, 1no:c Ee-
less impo-:an: in its bearings uoa that inter
Ihave no reason chanss my opinion 70 the ex-
n,dency OF adopting system proposed beig perfectly
ina. there be neither stability safety, Ell
thar fiscal affairs of the Govs1alnen OF in IN. p,cu-
a.y Of nis duals aad cozPoa:oa SO long
between them, which, like tins pass,
o.- 81 sioi, ialucseass make them the silscs OF
political agitation. Indeed am more than ever con-
iaced of the dangers which the free and unbiased ex-
e.css of political opnion-:hs only sure fodaa'loh ana
sas. ,asi OF republican :sTnneatvoad be possd by
any further increase OF IN, already o:afso@a
co.po-as au.ho-i,ies canao,, therefore, coisisteEy
tn my of dl,, adrss renewal OF connection
viii. circumstances have dissolved
Tn. of tbs OF stats baGks !or h'cai
purposes 1,: be regarded as measure OF hosiy
toward institutions Banks properly es.aosaca ana
co,rctsd highly useful the business OF ina County,
and viii doubtless coanu, exist il .he states, 50 long
as they hsr laws, and are found TO De sale ao
.,..al How they should created, what privileges
thay should c,ov what responsibilities they should
act, and restrictions they should be subject, ae
questions which. as observed Oh p:sTioI' occasoi os-
long 10 IN. states decide Upoa iheIr rights, the ex-
e.s. them, General Government can have no mo-
tive 70 Is duty toward them we'll
when i, from legslatns for their sPac'a! bsaehi BE-
CT legislation would violate aa s'fi' OF the Con-
s:i.u.o unjust other interests wheh y taxes no
steps impair their usefulness, ou' 50 manages a'' Own AZ
fairs rs 70 OF ihoSo Institutions %
strengthen :her coalition Tor s security ana
welfare of tbs community at large. ihey nave no
right insist CONNECTION Win the rede1al
in regard essential points OF the collection
and transfer of public monsJ, III stda-
zion which shall reeve it from all depcnencs on the VIII
al Irresponsible individuals corporations; 20 withdraw
,lose moneys OF private tiade and eo'ie
,em 70 a,ss cos.ituonally selected ami coatoai by
law abstain fion improper intefisfencs wl'n tAe ns
y ,ac people, and Withhold III %
a The par, of in yduas; give stability the
co,ces of Treasury preserve ms Measures OF te
ovs.nn.,t ,he avoida5lc rsp7oach2s saa os on
sica a coliecoi ah1 II; ba,As themselves toni tAa i
ros effects of supposed pa.tc 3a.ioa III ae political coz
days fon which tasy viii o1h''"'s ma II az
hc al, to escaps 60,
careful s:,ioa, ahd with 70 desire bnt 70 AZ
What is moss likely TO PROMPTS the public Interest They
now, they vera before, suonl''sd WIN u'ieieu
10. the opinions OF oine!s IL "a' ha'Hiy 0
b,,.d tlat cangs5 important, Subject So nteest-
INK could made .hou producing serious aiFessy OF
Ion, those conflicting views are Ket aooe
IN. ina .-c 10 al .teress 50 long as neJ
Only general good, and aEe discussed VITA modes
oa caao., sIc divcss;y is b,neht, no: an JaFy
,o-tv of Co,rrass publ: welfare III differ
et light; especially if tley s1oIii Dc sa:sea
measure void acceptable TO the
n.ool, s,a their vision; substitute sach as
nav b, ors conducive the AMI moro satisfactory 10
-. o,h,- In a,y evsrs ,a.y may coaaIs,:ly rely my
,.a v CO o,,5at.o, fullest axen which views OF
.as Constitution a,d my sense of duty viii permit
It's obviously important TO thus branch OF inc
oublt, service. and to the business and quiet OF
the country, that the Whole subject should IN
some way be settled ana regulated by law; ana II
possible, at Your present session. BESIDES me
mans above referred 10, l am not aware that any
,nc has been suggested, except tnit OF Keeping |
The public m ,ncy al the State 5lnas IN sPcciai dc
,osltc. TINS plan is 10 some extent. IN accord.
NICE with the practice of the Go: crnmenf, and
v iIh the present arrangement Of the treasury
Ecoartment; which except, perhaps, daring the
,,cra:,n OF the late depositc act, has always bcen
al;owcd even during the existence OF naiion''
E INK to make temporary use OF inc state ni'N>'
IN p,-,,cuisr places, for the safe keeping OF poF-
ions OF the revenue. This discretionary power
~, hc contn rcd. if Congress- deem it desirable,
whatever general principle may be adopted %
ong as the connection is voluntary. we necd per
ms anticipate few OF those difficulties, and little
,s thu; dcpc ndence, on the banks, which '''s' Ut
cnd cvery such connection when compulsory IN
is nature, ana when SO arranged as to mike '"e
inks fixeI part OF the inachie2ery OF Govern
ncnt 1t is undoubtedly in the power OF Congress
20 to regulate and guard it as 10 prevent the pap
r.. money from being applied to the use, or inter-
MINGLED with the atillrs OF individuals mas ar
.anred. although it would not give to the Govern
nent mat entire control over its own funds whf'n
desire TO secure TO it BY the plan have proposed,
t would, IL mast be admitted. in a great degree,
one Of the Obi ects which has recon-
nendcd that plan to my adgmcnt-thc separation
j. tn, fiscal concerns of the Government from
hose of Individuals or corporations. With these
| recommend the whole matter TO
Tour dlspassionate reflection; confidently hoping
hat some conclusion may be reached by your de-
iberatious which. the one hand, shall give
a;ety and stability to the fiscal operations OF the
:oycrnncnt and be consistent, on the other, with
ne genius OF our inst tutions, and with the inter
SITS and wishes of the great mass OF our cons'it-
tents.
1t was my hope that nothing would occur to
make necessary, this occasion. any aiiuston to
he late National Bank There are circumstances.
,owevcr. connected with the present state OF ITS
fl ,rs that bear 50 directly the character ct the
government and the welfare OF the Citizens,
hat should not feel myself excused IN neglect
NO 10 notice them. Tho chIrtcr which fecrnin-
tied its banking privileges on the fourth Oh
March, 1885. continued its corporate powers two
ears more for tho sole purpose OF closing Its at
airs ith authority ''to use The corporate name,
tvlc and capacity, for the purpose OF suits tor
NAL settlement and iiquida.Ion of the "tilirs and
cts of the CORPORATION, and for the sale and dis-