Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1838-03-17
From, the Globe.


1t seems to me, Messrs. Editors, that
the true question at issue relative to
the public money is not presented to
the people with sufficient clearness to
enable them to act understandingiy.-
The question is not whether banks or
responsible public officers shall KEEP
the pubic money. The banks do not
want it to keep; they want it to use.
They do not want it to keep for the
use Of Government, but to lend out
10 their O Ulcers and customers on IN
ferest. They do not want it to keep
far The Government, but TO use for
their o,ca pratt. They want it 10
tend, and their customers want to Dor
roc! This is the sum and substance
Of Federal and Conservative doctrine.
The Administration, on the contra.
ry, want it KEPT for public purposes
exclusively. They do not want it US
ed Jor Private purposes. They do
not think the people ought TO be taxed
to raise money for the use Of the banks
and their customers. They think ev-
cry dollar raised from the people
should be kept .f0r the use OF the Con-
eminent only; and if it be not want
ed for such use, that it should not be
taken out Of the pockets Of the people
| at all. Why should the people pa,
money intakes and duties merely that
it may be lent out by the banks for
their own profit, and the accommcaaaa-
ton? Ought their property to be ia
ken from them, not for public uses, but
for the use Of banks; merchants, and
spectators? The administration thinks
mot.
The whole struggle Of the Federal
lists and Conservatives'is TO GET
THE PUBLIC MONEY FOR PRI-
VATr. USES. The struggle Of the
Democratic Republican party is TO
KEEP THE PUBLIC MONEY
FOR PUBLIC USES. This is the
true question. All the rest is mere
circumstance and detail.
| Now what is the great objection OF
the Federalists and Conservatives o an
independent Treasury kept by public
officers? Its that those officers may
apply the money 10 private uses
They may use it themselves, or lend it
tout to their friends. And for what
other purposes do those very gentle
men want ,he money put into the
banks? Is it not entirely that the
banks may use it or lend it TO their Gus
toners? They are the advocates of
using the pablic money for private pur-
poses; and if tho result they fear from
the Independent bill should actlally
happen, it would be but the consumma-
ton of their greatest object, for it can
make little difference whether they
borrow the public money from the
public officers or from banks Is it
not strange that they consider the 6eua-
/ iy Of their systematic only feature
| which renders it lovely and acceptable
SO utterly Informed, revoiting and
aciched, when transferred to another
ltheayg9a, only in apprehension? How
lis it that the beauty Of the Fedora
system is considered a monst,rons q
Juse in the Republican system? Why
we might have expected some Federal
list or Conservative, to be CONSISTENT
would move TO amend the Independent
!. Treasury bill somewhat as follows, viz
ii..Prorided, th0t nothing herein con
[ TUNED shall zrevent the sud keeper
Of The pnbHc money .15on' using III
sumo, or lending IL out FIR the &C
commodulion tof the merchants an.
others, as the deposite banks hercto
fire huve done.'' This would engral
Tie most beautiful feature of tn
bank deposite system, that only whic
renders it lovely in the eyes OF FED
eraIists and Conservatives, upon III
independent Treasury system. "
!, wonderful TO relate, the .feur that til
; keepers Of the Independent Ircasur
!, may do this very thing, in violation {
, the law, their bonds and their oath
:. and in spite Of fines and Imprisonment
cause these gentlemen to startle wit
4 horror!!
:, '.Strange that there should such difference b
'rwixt twecdledum and tweedlcdee."
! 1t is this feature which the Repu
J iican party reject in their own system
: and it IS to keep clear Of it that the
]. repudiate the Federal system. The
e wish the public money KEPT 4
= Dublic use; the Federalists wish
= LENT OUT far private asses. II.
. PATRICK. HENRY.
= By statement in the Boston All:
" 49, -,os.tst,, A.. -,