The Ripley transcript. (Ripley, Miss.) 1837-18??, 1837-10-05


addition cihcrio tl,oir htmbor Or tho prcsaut oX-
pence. The extent ofthe b,isnos5 10 be- tfln8lc.
ted has already boou stated, aud in respect ~ the
amount Of money Of whici the oAiccrs employed
would be entrusted &c auy one time It appears that
assuming balance Of five millions to be 90 eli
times kept in the Treasury, and the whoIe OF il
iost in the hands Of tto collectors and receivers
the Proportion of each would not exceed on aver.
age of thirty thousand dollars; but that, deducting
one million for the use of the mint, and assuming
the remaining four millions to be in the hands Of
one half oftae present number Of officers sup
position deemed more likely to correspond with
the flct--the sum in the hans Of each would stl
be lesn than the amount of most of the bonds nov
taken from most Of the receivers of public moneys
Every Apprehension, however; on the subject
either in respect TO the safety of the money, or tl
faithful discharge of these fiscal transactions, may
lit appears to me, be efectually removed by adding
TO the present means the Trcosafy, the establish.
Iment by law. at u few important points, of offices
for the deposite and d;'oursnent ofsuch portions
Iofthe pubc revenue as cannot, with obvious safe
ty end convenience pc ret III 'c possession OF the
cole,t;nc otfi~,ls until p; id over by them to the
inuh lic
ileif hands, nor those deposited in the offices,
would in III ordinary condition of the revenue, be
larger in most cases than those often under the
control of the discussing officers of the Army and
Navy, and might be made entirely safe, by requi.
ring such securities and exercising such controlling
supervision, as Congress may by law prescribe.
The principle officers whose appointments would
become necessary under this plan; taking the lar
gest number suggested by the Secretary of the
Treasury, would not exceed ten; nor the addition
al cxpenseses, at tim same estimate, sixty thous-
and dollars a year.
There can be no doubt of the obligation of those
who are ntrusted with the affairs of Cove rnment,
to conduct them with Us little cost to the nation as
is consistent with the public interests and it is for
Congress, and ultimately for the people, to decide
whether the benefits to be derived from keeping
our fiscal concerns apart, and severing the con-
nectlon has hitherto existed between the Govern
ment and the banks, offer sufficient advantages to
Justify the necessary expence. 1.-THE object to be
is deemed important to the future
welfare ofthe country, cannot allow lnyselfto be-
eve that the addition to the public expenditures
of compartive so ANAL an amount as will be ne
,essary to effect t,will be objected to by the peo-
pie.
twill be seen BY NC report Oft the Post Master
General, herewith communicated, that tho fiscal
lGairs Of that Department have been successfully
conducted, since May laet, upon the principle of
lealing only in the legal currency of the United
states, that it needs Legislation to maintaiu It's
:rcdit, and facilitate the management of its con-
,erns; the existing laws being, in the opinion Of
hat officer, ample for those objects.
Difficulties will doubtless be encountered for @
season, and increased services required from the
'ublc functi onaries such are usuallyincident to
ne commenc ement of every system, but they will
greatly les sened in the progress its operations
The power and influence supposed TO be con-
lected with the custody and disbursement of the
'ublic money, are topics on which the public mind
s naturally, and with great property, peculiarly
ensitive. Much has been said on them, in refer
nee to the proposed separation ofthe Government
rom the bsnking institutions; and surely no one
an object to any appeals or animadversions on the
ubect. which are consistent with facts, and evnce
proper respect for the Intelligence of the people.
fa Chief gistrate may be allowed to speak for
Unset, on such point, | can truly say, 70 me
othing would be more acceptable, than the with
rawal from the Executive TO the greatest practl- |
al extent, of all concern in the custody and dis
ursnent of the public revenue; not that would
hrink from any responsibility cast upon me by
he duties of my office, but because it is my firm
elie, that its capacity for usefulness is in no de-
rec promoted by the possession of any patronage
ot actually necessary to the performance OF those
uties. But under our present form of Govern
rent, the Intervention of the Executive officers in
he custody and disbursement of the public money
Gems to be unavoidable: and before it can be adj
lifted that the influence and power ofthe Execu-
re wvuid be inororecd By dspensing with the a
ency of banks, the nature of that Intervention in
nch an agency must be carefully regarded, and |
must be instituted between it's extent /
i two cases.
The revenue can only be collected by officers APP
ointed by the President, with the advice and con-
mt ofthe Senate. The public moneys in the
-st instance must therefora in MI ,.asoy n,ss \