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


ence aud power Of the Executive would be
increased by dispensing with the agency oil
hanks. the nature of that Intervention 10
such an agency mus, be carefully regard
ed, and comparison must be instituted be-
tween lis extent in the Two cases.
The revenue can only be collected by OIL
ticers anpolnied By the President, with the
advice and consent of the Senate. line
public moneys, in the first instance, must
therefore, in all cases, pass through hands
selected by the Executive. Other officers
appointed IN the same way, or, as ~ some 4
cases, BY the Preslden, alone, must also be /
entrusted with them when drawn Tor The (
purpose of disbursement. Ii is thus seen /
that. even when banks are employed, The /
nublic funds must twice pass through the |
hands of the Executive officers. Besides |
this, The head Of the Treasury Department,
who also holds his office at the pleasure oil
the President, and some other officers al
the same department, must necessarily be
invested with more or less power IN The Sc
lection, continuance, aud supervision, ot the
banks that may be employed. The ques.
ton j. then narrowed TO the single point,
/ whether, IN The intermediate stage hetween
+ the collection and disbursement OF the pub
lie money. the agency Of hanks is necessary
To avoid dangerous extension oil the pat
rouage aud Influence OF the Executive =
But Is il clear that the connection ol The
Executive with powerful moneyed insii,u.
tons, capable OF m,nisierlng la the Interests
Of men ~ points where they arc most aces
sble To corruption is less liable TO abuse,
than his constitutional agency 10 the APP
puin,men, and control Of the few public Of.
6cers required by the proposed plan VIII
the public money, when 10 tlcie hands, be
necessarily exposed 10 any improper inter.
ference on the part ofthe ESeonl,,el May
Il not be hoped that prudeui fear OF pub.
llc jealousy aud disapproballon, 10 matter
- peculiarly exposed to them, Nril deter hun
from any such interference: even Il higher
motives be found inpperativel May not
Congress so regulate, by law, the duty Of
those officers, and subject II 10 such super.
VISION and pubhcIty, as 10 prevent the posi-.
bliitv of any serious abuse on the part OF
: the Exceuuse and rs there equal room lnr
such ~upcryersion and publ,cily "a coanec.
tlon With bsnks, acting under the shield q
orpomieimmun,ues and conducted by per
: <ous irresponsible 10 the GoserumeM AND
the people II Is believed lhai d consider.
ate and candid investigation Of these ques.
Itous vii result IN the cuaslelloa, that tie
i proposed pau IS fsr less liable 10 objection,
: on the score uf Executive patronage ord
control, than any bank agency that has been
90 can be, devised.
With these views, | leave 10 Congress
) the measures necessary to regulate, 10 tbs
present emergency, the safe keeping nne
transfer 81 the public moneys. IL the per
! lormance Of constitutional duty, base
y stated to them wihoul reserve, che result
u VI ms own reflections. The subject IS q
; great Importance and one on vhich SO
can SCARCELY expect 10 be a. united 10 sent
4 aeut as we are 40 interest. Ii deserves
z full and free discussion, and cafAot iaIl {,
" be ls'uefii,ea b. dispassIauate compan.
!, suu IL opinions. Well asafe nv scif 81 lh'
/, duty OF reciprocal CONCESSION alnong iht
r. co ordinate branches of the Government,
p can promise q reasonable spiui Of CO. opc
! ration, 80 Tar as il can be ,ndulged "a ~ith
|. ont the surrender OF Constitutional oblec
b. tons, which | believe to be- we'll founded
E. Any system that may be adopted shoG,d b
4 subjected TO The lulIes, legal provision, W a.
= TO leave nc,ning 70 the Executive ba. whl
!. IS necessary 10 the discharge Of The dulle
.. imposed on BIN aud whatever plau may b
ultimately established, my own part shat
be 50 discharged rs 70 give q u far lrial
IS and the best prospect OF success.
,r The character Of tie funds to BE- receives
! aud dlsbur.ed 70 the transactions Of the Go
!. yerument, likewise demands your most care
!. fol consideration.
10 There can he no doubt that ihose win
. framed end adopted the Constitution, havu.
i IN immediate view the deprecated paper q
= the Conlederacy- which iiye hundfe,
e dollars 10 paper Bcre, equal Ia oue dollar Il
e. colu--iutculed to prevent The recurrence 9
/, sImilar evils, 80 Car al least SIS related 10 th
y Transactions ot the new Government. The
of gave 10 Congress express powers to col
d money, and to regulate the value thereof
z aud foreign coia; They refused to gigc II pow
- or 10 establish corporalions--the agents
then as nov, chiefly employed 10 create
paper currency they prohibited the State