The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-01-16
TIE GRAND RESULT.

CANCELLATION, CONCESSION, COMPROMISE
The Sub-treaSuyy scheme and The ereiu-
siDely metallic currency 10 be crammed dOwn
the hroafs Of dissenting brethren!
After all the reverses we have experienced,
the lessons We have been taught, ard the
preaching we have heard, little effect, con-
trary, we fancy, to all public expectation,
has been produced upon the minds Of those
who have the direction of our national
finances. We had hoped that recent events
would have impressed upon all the duty of
an "dbSoiutc ac9iieScence in The decisions Of
The majority as the vital principle Of The Re-
public" and induced the friends of the new
measures to have employed themselves in
the consideration Of practical objects. We
fear, however, we are doomed to disappoint-
ment, and it requires no prophetic vision to
see in the single movement about to be made
by the leaders of the party, the hand writing
of their DOOM
The whole movement, we are satisfied,
will be to advance as far and as fast as prac-
ticable, toward the designed establishment of
Treasury Bank. The Sub-treasury bill of the
late special session is to be but slightly and
immaterially modified. Mr.. CALHOUN, the
grand file leader of the Sub-treasury party, is
to triumph in the Report of his amendment.
The scheme will be, that the plan of the new
treasury building shall be altered, and pro-
vidcd with fire proof vaults, safes, &c. 1.-THE
hydrostatic balances we believe arc not to be
mentioncd) and this to be called The Trea-
sury ofMe United States.
The Minis in Philadelphia, New Orleans,
and the Mint in North Carolina, to be made
by law Repositories Of Public Money"
Special Dcpositories are to be created in
New York, Charleston, S. c. and Boston, I'M
der the care Of I" RcceiucrS General"
At certain points and under certain circum-
stances, Post Masters, and other receivers Of
public money, are to be " Repositories" Of pub
lie money, and allowed compensation for
safes, &c.
When the public money exceeds four mil
lions, the Secretary of the Treasury to invest
the surplus in United States stocks, or State
stocks, and to sell out again when the sum is
less than four millions, thus making the Sec
rotary Of the Treasury grand Banker and
Stock Jobber.
The hard money amendment Of Mr.. Cal
houn is to be preserved, and the public money
after an interval, (of six years, we believe,) IS
to be collected in gold and siluer erclastcely.
Under certain circumstances, public money,
may, by the receivers thereof, be- deposited IN
Banks under the Lock and Key Of the officer
depositing the same.
This is substantially the outline of the
scheme, which is to be presented by those
who are prolessedly anxious to compromise,
and defer to the opinions of others, and to
conform to the wishes of the people .
We can only say Of it, at present, that it is
" disorgani9ing and neutrality-suspicious.
Of the entire practice Of this government from
1889 dopn TO this ddy'-that " 1t wiH place IN
The hands of the Executive, the means Of cor
raption and EXPOSE THE PUBLIC TREASURE
TO BE PLUNDERED BY AN HUNDRED HANDS
,pherc one cannot noW reach az :"