Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1837-09-14

how the Loso-Foeo, Specie, Sub Treasury N,,.
a-Bs would he received by the Riehmnnd Euau,;-
rsr' The following extracts from the editorial
e"""'n'' opO" the Message. in that paper Of
t"uHJ l4't' are satisfactory upon this poitt.-
Speaking Of the Sub-Tressury scheme rco.u,-
.neHdsd by the President, the enquirer as,s:
We have no d--ire TO see such an mr.
eutnu'S'ion OF power in the hants Of the Ex-
ecuu'e-n no wish 90 put the public money d.
Feot'y INTO the palms Of his friends and na,,;-
sans-Ws win TO see the power and na,,on.
a5e OF the Executive increased n, I'M. ..
POseioie-" the power OF the (PederaD Gov.
ernment (noD enlsrged"-the purse and ~,
To,a Dol more strongly united, than they are
tho hands Of the PresIdent-and a. 4, W
I iea"s oi corruption 81 possible trusted in
M possession. Some events have shifl.d ths
balance Of the Constitution. and thro,rn -.
much power already into the Executive ,c,l,
-toanks especially 90 the WIKI sNn,tor.
:. hs fought 80 reeklsssiy For the bank az tic
Shied states, 10 the day Of panic. tfamnI.J
'hoh Instructions under foot. and brongL,
,nsh own party into contempt We have NO
sssire' unless the public interests inperiousIy
ssioaod It, 70 throw greater weight INTO the
executive scale, by bringing The Pfe.idrni ir.
f contact with the public purse"
we do not hesitate to say, tina, N. Sub
-. ss 100 are less safe for kss ping, aud
,s's con rsHisnf for transmitting tie P.bIic
FUNDS, than sound and propeTly nr.>.,,,,,i
o'ate Banks The large fond. OF a Raj
piehged Tor The safety Of its depo.jtss
s"a they are better than any security Wbi.b|
TIE SUB Trsssufsrs can give.
we ,till contend. tbeTefors. that il hst.
'sr 10 Try the State Bank system. ORE.
nks u better, and limit II, AZ far az po.s,bis
LSt VS. not snBcr the unparalleled event.
shsh have recently trsnspissd 20 shake en-.
ssy our eoohdsnce in II, as . fiscal agent
~ ~ aot IsshlJ ny 10 smother xpedisnt.-I
hheiJ 20 ao unconstitutional and manmoth
National Bank. ~ ali events. LET a., d,I,bs.
rsisIy RECONSIDER he whole scheme -sssk
70 ''rlp y 81 ne obiections- and onIy sJon,
hls SUB Treasury, Executive Machiper,
fally ,r's%. -''
'hut Il ihe sub-Trsasury system had every
thing 70 recommend Il, Which ibc Message
claims Tor Y, Ne coBsiisr ihat NOW i not tIe
80 20 maze The innovation. The Fresidsnt
suoP~ as an essential part q his proposition. /
80, eAo'ss'so use ofsPecis 10 the recsi, T. and
- - AANAas Use DISC nffuH The D
efnPloymsni - Back notes for a ,inzls J.y /
~ h"t 1he uanshion too sudden The fevoiufiou !
700 great Congfess must consult The eireos,
Stance. Of TIE country. FROM 20 to 30 mai. I
I.0ne OF the eoin are loeksd up In the vaults 81
Ne Banks. The Message hseif tolls us tbst
cor papsF circulation was more Than 40 nil /
lions The sPscis sdoai vas ~ mili,on, but 4
tooogh ne paper -rrsncy has been since cur /
sahed, TIE facilities Of the specie circulation I
tiou.
"Ihe Sub Treasures and tbs specie ma, 4
benefit the officers 81 the Government. bat 4
esanot give relief 70 The community Il Issgs I
rave senot ha3 some experisnes u thss,s.
sen since hsy last The Banks havs been
ihfoEn out Of use snd tho specie has been 4
osnanaad fof The Government dues. And
what has bees the effect Of The bard monsy
skpefiasntl
fhs Postmaster General my report that
ocperimert has been sueccssfnlIy con
,scse4 since may last upon the priaciple o.
'eeilag only n TIE legal currency q TIE Uni-
81 staiss" 09t q Ar. kendsn a.sans ~
-. 81 = has rseaiFed and paid away oaly
ese neeey. ws take kara % 5illsr ffon hiri.
peN1efl,s 81 CoaFrnas has oalg % suu..
4fF1 ,Eer,rr'rr. 49,. -. - a., Z