Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-03

Ot the Country: Flow many millions Snall lntse
timaIed al, and how insignificant must The patry sum oil
$50 GUO $40 600 appear 10 those countless millions
held under The provisions Of The substitute at the plea
sure Of the Government!
Having finished the comparison as 10 the relative
patronage Of he two measures, | shall next compare
them fiscal agents Of The Government; and here let
say the outset, that the discussion has corrected
which once entertained. had supposed that
the hazard Of keeping the public money under the Gus
iody of officers OF The Government would he greater
than in bank The Senators from New Hampshire and
Connecticut, (hessrs Hubbard and Niles) have proved
from the record that the hazard is the other side; and
that have lost by the banks than by the collect
ing and disbursng officers combined What can he done
the security by udcious selections of officers,
and proper organization, is strongly illustrated by The
fact stated by the chairman (Nr Wrigh in his opening
speech, that in the War Department there has been no
lnss for fifteen years-from 81 TO So on expendi
ture certainly less than hundred millions of dol
lars take pride in this result Of organization
which originated and established when Secretary Of
War, against The most formidable opposition.
As 10 the relative expense of the Two agencies that of
The BILL as small it is, If to judge by appear.
anees is the greatest bat if By aes The substitute would
be much the most so, provided charge ii with all the
advantages which tho banks would derive from their
connection with the Government, ought in fairness
be done, The whole ultimately comes out Of the
pockets Of the people.
I'm single particular the banks have the advantage MS
fsca agents. They would he the more convenient
To This they are entitled and wish 10 withhold from
them no credit, Which they may Justly claim.
The Senator from Virgnin tMr Rves) appeared 10
have great apprehension that The collection Of the pub
lie dues in specie night lead 10 boarding He may dis
miss his fears that head IL is not The genius Of mo
dern and civilized Governments 10 hoard; and if it were
the banks will lake that there shall be no extraord
nary accumulation of cash in the Treasury. Pass Inc
BILL aud underwrite that shall never again have to
complain of surplus would rarely if ever, peace
and settled times, exceed three four millions at the
outside Nor is his apprehension, that boarding of spe.
Gle would lead to war, less groundess The danger is
in another quarter War is The harvest Of banks when
they are connected with Government. The vast in.
crease of and expenditures, and the enormous
public loans, which necessarily enure mainly to their ad.
vantage, swell their profits 10 10 the utnos; limits
But eparate them from Government, and would
then be to them state Of famine, for reasons which
must be apparent after what has been said which would
throw their weight the side Of peace and against war;
lust MS certainly, as have shown, that the separation
would throw it the side Of the taxpayers and against
the x.consumers
come now TO the comparison of the effects of the
two measures on The currency of the country In this
respect The Senator from Virginia Mr Rves) seemed to
think that his substitute would have great superiority
over The b bui mis- reasons were 10 me wholly unssts