Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-03-29
rJEWs of journals nj jvashiu otou

We have not received the Mondays Globe, which
gives its specualions the present form Of the Sub
Treasury B.-All that have seen Of it is para.
graph in the Alexandria Gazette, which says that "the
Globe regrets the amendments that were made 10 the
BILL but is willing 10 lake it il is, in hopes, Ultimate
", Of DUNG more"
The N Inellgencer says that, "in every view can
take of it, The effect Of the passage Of such bill will be
10 create sort Of wen upon The body Po'i,c TO absorb
for the support Of useess c1crescence portion OF The
bodys healthful fluids The idea of resorlng 10 iron
chests and vaults, for the safe keeping Of bank notes
promises of banks pay because The banks themselves
to be trusted too amusing TO be treated serl-
ously," &c, &c.
The .Hadisonan treats the matter in a more serious
stran-lt contends that IA ouandsh i'll adapted
and arbitrary could not have been DEVISED DC.
THAT "the effect Of the bill would be 10 give to the
Secretary Of the Treasury unlimited control the
currency of the country and place every bank within
limits, wholly and absolutely at his discretion and
disposal =" tc-That GAN the machinery Of Receivers.
General, and other officers costly buildings vaults,
safes. bars and bolts, still preserved, and the Sc.
cretary authorized or it is left discretionary 10 COL
lect the public dues, exclusively in gold and sill.
yer. II is not the farcical measure described by
Temporary of providing strong places 10 depose bank
promises for safe keeping, but it gives power 10
break down build up any bank the Secretary may
choose 10y keeping this ones notes and running that
delivering the whole 10 his complete and absolute
dominion It's effect will be 10 establish an exclusive
solid unmixed gold and silver currency for the Govern.
men and leave that Of the peopea prey 10 the Secre.
tarys caPrce-Preventing the banks forever from
Stunning specie payments, paralyzing trade and com.
merce, and involving the whole country in long CONT
nued depression, bankruptcy and ruin In the hands of
friend of the credit system, the Bill might be made
instrument of good but under the administration of
enemy, is destruction"
We cannot view The matter in go serious light as
the hadisonan-fo, scarcely presume, that alter
the vote of Saturday last the bill would be carried out
in such spirit by the Secretary ofthe Treasury-But
for one confess that unwlngto allow SO much
discretion in The case-Both the interests of the country
and of The Administration demand definite regu
Iaon-But if the bill of the Senate passes and it is to
be carried ou bona fde; if 1--WE epeaD metallic
dunn is no, 10 be s,erny demanded for the public Dues
bu, the notes of speciepsyng Banks TO be taken,
why adhere the other more obnoxious feature of the
bill. Shall we preserve this Ezeeutiue ageney-sub-
Treasurers Receivers General safes, vaults &c. What!
receive Bank notes. and erect superauous, expensive,
and patronagesweing Executive Agency, TO keep and
take of these notes? What-trust the solvent,
paying Banks far to receive their notes. and
yet refuse 10 trust them with The safe keeping of their