Southern marksman., 1838-12-18

been adopted by an adjoining State, favora-
bly, known for the care ii has always be-
slowed upon whatever relates TO lis finan-
al concerns. submit TO your consider.
alton whether a comnttee of Congress
might not be profilably employed~in in
speciing, at such intervals as might be
deemed proper, the afflirs and accounts of
officers entrusted with the custody Of The
public moneys. The frequent performance
Of this duty might be made obligatory on |
the committee In respect TO those officers !
who have large sums in their possession,
and left discretionary in respect 10 Others.
They might report 10 the Executive such
defalcations as were found 10 exist, with
view 10 prompt removal from office. un.
less the default was satisfactorily account:
ed for; and report also to Congress at the
commencement ofeach session, the result
/ of their examinations and proceedings. -
/ 1t does appear to me that with the subiecg
tion of this class Of public officers TO the
general supervision of The Executive. 10 exs
aminations bv committee of ConoIess al
periods Of which they should have no pres
N'ob' iiVNtSN. "h'' w PffSSCdh'oh pun
shment as for felony, for every breach of
trust, the safe keeping of the public moneys
under the system proposed, might be placed
on surer foundation thanii has ever occu.
pied since the establishment Of the govern,
ment.
The Secretary Of the Treasury will lay
before you additional information contains
ing new delails on this interesting subject
TO these ask your early attention. That
p, it should have given rise 10 great diversity
Of opinion cannot be subject of surprise.
After the collection and custody of the
> public moneys had been for So many wears
connected with, and made subsidiary to, the
" advancement of private Interests, return
> TO the simI lie and self6ensing ordinances
fthe constitution could not but be difficult.
But time and free discussion elected the
sentiments of he people, and aided by that
conciiiatory spirit which has ever character
ized their course on great emergencies
we're rel ed upon for satisfactory settles
uIcnI fihe question. Already has this ans
G t.ciPation on one important point at least
The improperly Of divering public money
t p private pu poses--been fully realized.
q There Is no reason to suppose that legisla,
j ton upon that branch Of the subject would
noN be embarrassed by a difference ST opin,
Il ion, or fail to receive the cordial support o
:, large majority ofour constituents
u The connection which formerly existed
between the Government and banks wa:
: nireaiily iniurious to both, as well as tc
= the general interests Of the community a
=" argc. i aggravated the disasters o
Z trade and the arrangements Of CONNER,
y ciiI Intercourse, and administered new
= excitement and additional means TO wild
e and reckless spocui4lions, the disappo'nt~
=; ments of which threw the country into
e csavulsions OF panic. and all but produced
: Violence and bloodshed. The imprudent
J. expansion of bank credits, which was the
: natural result Of the commaud OF tholrev-
eHues of The State furnished the resources
Is for unbounded license in every species o
% adventure. seduced industry from its reg,
y uhr and sanitary occupations by the hope
d Of abundance without labor, and derangeo
L the social state by tempting all trades
d AM professions into the vortex of specu
$ Iaton on remote contingencies.
re The same VIDE spreading influence i'm
peGed also tho resources Of the Govern
lt m@t, curtaiIed It's useful operat ions
en5arrassed the fulfilnent OF lis obiga-
IN tiois, and seriously interfared with tn,
er execution of the laws. Large appropr
~ a'o,s and oppressive taxes are The
as nlisral consequences Of such connec
tn u"1 since they increase the profits o
is those who are allowed to use the publit
7e -1N funds, and make it their interes
ST IL Nloney should be accumulated and
~ 4lditures multiplied.
a. TO be concluded in oar nert.1