Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-10-23

shaken convection tllat Nn the Executive power,
enlarged. EXTENDED, and consolidated b, han Is
duccd within lis true constitutional n,its ilirte Is no
permanent security Tor the liberties aud happiness OF
tins People.
l. Lastly, pass this bill, and whatever divorce lis
friends may pfatcSs To be It's ann. that peloas union
ot the purse aud the swold, justly dreaded b,
Brush aud Revolutionary ancestors beeomes abso-
lutte aud complete And who can doubt II WHO Knows
that over the Secretary OF the Treasury At Washing
ton, and every sub Treasurer, the President CLAIMS
the po"rrto exercise uncontrolled sma, To enact
Implicit obedience tn his viii
The Message states that, the process both oi
collection aud disbursement Of the public fc,ra Ut.
the "lherfs "llo perform II act upon the Executive
commands and II argues that, therefore, the ouslo-
dy also OF the Treasury might well he canded to
the Executive care. think the slt,r conclusion Is
directly oPpo>lte The po,scs,ion 81 solnueh power
oven the naliou treasure lust nj regret and
furnishes strong reason ior diminishing H. II possl-
bic, but none iof lis increase, none lol gl,lne the
"toie power oser the purse to the thcl Magistrate.
/ Hitherto have CONSIDERED tbs scheme al sub
Treasures rs II it"ls only what Ile9ds represent
1T system solelN ion the purpose ol collecting,
keeping, aud dtsbnt,lng the public monps, III specie
exclusively, without any bauh agency whatever But
it is manifest thai / is destined to become II II be
not designed 10 be, vast aud ram le CONNIE OF
Government banks, Of which the principal will br At
1slnngton. and every sub Treasurer will b. i
branch. He Secretary Is authorized Ia dflm on the
several bire3surcrs IN pay mcut Ion ali ds5nlse
ln'''s 81 ''oStfam'hi No Jaw restricts INN Il Ia
l'' amount III loil "l ms TRAITS ot checks lie my
ih'pW lheh inio amounts suited to TIE purposes al
cmeulatlon lal give them all the appearance aad
facilities OF ba notes. Olall the branches 81 tins
NNSlchl' i' al "" Aoih VIII be Tue most important,
since about onc-ha al the duties collected III le.
Drafts ON Ne" otk atc a par, OF command
premium from Every pout ol the mon. Il Is the
great money centre ot tn country. ISSUED III con
Nrhlehi slais. they Will circulate throughout the
Nho!e ihloh - barN notes. and, ~ long Is conn
"rAre = REFUSED III ih'm, Will be lrtloued Ia thr
specie wien III holders have augld 10 demand.
htN VIII supply a general currency, I'll many OF
the channels ol circulation, be sub ututc tor "oicS
OF the l'1th oi the ncd States, and supplant, To
neat cNieui the Use OF bank notes The necessItIes
of the 2eople Will conslralu them tn use them. IL
This way thel will remain lon2 tlnle IN eleulllon;
and III j." years We shall see rlmnrnsc palIon al
the whole specie al the country concentrated the
hands nj III" branch bank ~, tire sub Treasurer,
~ We" \ ofk, and represented hy an equa amount oil
Goyemn mt paper dispersed thrnu .hout the com
-. Tho responsibility of tie sub. Treasurer All
be consequently greatly incrcas a. ana the Govern
mcn viii remain bound to guaranty the rci, mp
non ri all the drafts cheeks, notes (wllaeycr
be their dcnontnlon) emitted upon the t1lih oi the
money "a his cnsody. AID, ot course, viii be sub
Jrc To the hazard o lheloss of the amount o specie
~ the lllmir oI ihe sub Treasures II, the
mcucement III lil' system, the huI ot thu, Co
'rtH'hent pep9f# sl1il be required 10 present. 1t of
a>ment IN coin, within a specified tulr, II viii be
found lncontenleno or nnpracucabic 10 enlol1r lie
Sitteuon, aud II will be ultimately abandoned.
j tn Senate prepared to consent IN lre mol ou-
~ all the specie that may be collected lof r
INC oi the connt1N al the viii OF the 'icsmsnt
winch Is the SIM tu1g, III the Custody 81 pcIsofs