Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-29
Government Opinions Ola the Treasury
RiII.


Government Opinions ora the Treasury
Annexed we have inserted an article from the Wash
ington Globe" which may be considered the opinion
entertained by the government of the Treasury Bill as
il has passed the Senate There is little gruHbisg al
the rejection of the specie clause, but otherwise the
Kitchen has consented to take it, with few WY faces
THE BILL FOR AK INDEPENDENT TREASURY
The ;snortant bill to render the Treasury indepen
dent Of banks passed today by majority OF two votes
as will be above.
we regret to see that lost Of its sup
rorters in consequence of two amendments,
which were introduced before the vote was taken
In order that the community may understand the
effect Of those amendments and the provisions Of the
bill it stands, few explanatory remarks may
be useful
When most Of the banks in the country, last spring,
suspended specie payments and thus with cid the Pub
lie money a separation of the keeping oil that money IN
future from the and discounts of the banks appeared
have become Indispensable only for its safety but
for the prompt, efficient and faithful payment of the
public creditors.
Phis was the leading object be attained. The bin
reported last September the special session applied
this purpose alone. Iprovided for total divorce be-
tween the Treasury and the banks tan as regarded
abe use Of the public money. and there stopped
Another desirable object TO be attained was an I'M
provement in the currency, well as IN the mode OF
keeping the public money.
Many were anxious to Increase still more the specie
portion Of it, and order TO effect that gradually and ex
tensvely introduce legal provisions rendering i'm
perative in time TO receive only specie In payment Of
all public dues
This would leave the States and individuals TO
tiHue receive what they deemed proper but would
take away the discretion before exercised by the public
officers of the General Government, under the acts OF
Congress of 1859 and 1920, well the joint reselu
ton Of 1916 receive bank paper when deemed SALE
Accordingly, Mr.. Calhoun, instead of offering sePa-
bill for that object moved amendment 10 the bull
for keeping the public money which directed that the
kind Of money received, should in time, be specie
alene.
This amendment then prevailed in the Senate but
the BILL SO amended laid the table, and acted
faslly in the House Of Representatives:
AT this session the committee reported the Bill incor
porating into clause similar TO that amendment IN
stead Of leaving i, to be offered amendment or
leaving the kind OF money be egislaed as sepa
bill The Senate have now stricken that provision
out ,
This leaves the BILL on priaciple it originally stood
in September when FIRST reported by the committee
II is confined entirely to the safekeeping OF the pubic
money TO the divorce between the Treasury ana inc
banks.
The anly exception to this remark. is a new amend
nent offered by Mr.. Webster, requiring that the
kind money shall be received Tor all public dues but
not prescribing what that kind of money shall be. That
left the former laws and resolutions OF Congress-
construed they always have been by the Executive,
the Treasury the United States Bank and the Attorney
General that be specie except where Congress
has otherwise directed Treasury notes. or United
States Bank notes. and where in the opinion OF the Elk
ecudve or the Treasury Department some other med
The bill, il stands, reaches and cures one evil
the unsaiural and injurious connection between the
msney in the Treasury and the private loans OF the
banks Ii is very perfect in that respect but allows no
special aspostes made except in specie Treasu-
nv notes Frequent settlements with the Banks Of any
of their taken and paid out would tend
check excesses and will doubtless be the practice
FROM ALBASY.-In the Senate, Monday, the
10th March. Mr.. Beardsey, from the committee on pri-
vileees and elections. made a written repor, the pc
tition Of the Native American Association Of the city Of
New.York for law requiring registry of voters The
committee the conclusion that such alaw would
only be incxpeden and improper, but in direct con-
fct with the constitution.
In the House. the consideration Of the General Bank
law resumed The proposition permit issues up
q dcposite Of mortgage securities, well upon
stocks, negatived by large majority. The propo-
sirion to authorize such issues upon depesite of
half stocks and half mortgages, before tho
mittse.
The Assistant Register reported, that exclusive Of
Stocks the monies in Chancery unclaimed for two years.
amounted TO o., 3s9.3so.
FROM GiBkALTAR BY the Empress. Capt Town
send from Gibraltar have the Chronicle Of tina, port
and fortress, to the end February.
The csrlsts were on the borders Of Audausa in the
beginning Of February and the mails from Madrid to
Csdr, and thence to Gibraltar were Intercepted Don
Basio the Carst leader had entirely routed the Com
mandant Minuisir. The entire province Of Andslusa
had been declared. by the Queens general, in state
sf siege.
The interior Of Spain in a most miserable state
of Reorganization Under the pretence of espousing
sither Of the conflicting parties almost all the ravnes
and passes of Andsusis were occupied by bandt who
showed their nparality by robbing every one priest
peasant, and merchant indiscrimina.ely.
No commercial news.
UJ At Charleston, on the 2sth inst an i.auest was
held on the body Of a eolored woman named Chsrlo,,e
the property Of the Hon. John p. King The verde,
was that she came her death from pistol shot by
young man named WOOSTER who was first imprisoned.
and afterwards, bsed in the Of 81, ooo for hs APP
pearsnce to indictment, under a recent law,
prohibiting the carrying Of deadly weapons about the
person.
honE Last weRps-There was quite an interest.
ing fancy ball at Masonic Hall, given by the Aldo
reens, society Of young gentlemen who rejoice in that
rather qairzca name. ehsve heard Of the phoso
pher OF Absers; but ne philosophy 10 like that Of
laynQ life. and seizno Tho pvosop, hocv 81.