Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-28
MORNING HERALD.


wRDN EsDAY, MARCH SIS 1885,
The Treasury BalI-The real 0ovsrAnent
The passage of the modified Sub-Treasury Bill,
through The United States Senate which 10 now con-
sidersd certain, continues to occupy the attention Of
the public mind TO extraordinary degree. In its
present shape, with the amendment Of Mr. Webster,
TO make no distinction in the character of the funds
TO be received il is bereft of all its locofoco features
and gives a complete victory TO the banks of New
York and financial science, the other elements
opposition II s true, we see hope expressed in the
"National Intelgencer and other similar prints that
the modified bill May be defeated in the House of Re-
representatives. bat we have high an opinion Of the
sagacity, good sense and practical knowledge Of fl
nance still existing in that assembly, believe that
20 mad and ridiculous project can succeed.
The great object of the Conservatives, and indeed
OF ali the financial interests Of New York and New
England, is nearly completed. In the transactions
taking place between the government and the people,
the great modern principle Of mirsd currency, the
paper part rcdeemable in specieon demand IS recog
Missed and established by the bill as II has passed The
Senate. The ncengruous clause establishing separate
repositories for such funds, is harmless piece
of vcbags, and will be without the slightest effect in
practice. If the government, when it ever gets sur
plus, will hoard up millions of specie paying bank
notes. be it so; il will only permit the same banks TO
have larger issue in circulation among the people.
We have reached high and important stage
of the great question which has agated this country
for years. Let US lift the curtain.
The real government of this country is not wing or
democrat-conservative or locofoco. These are only
names invented and used to lead the fools along and
to cover the natural elements of power from the in
spection of the ignorant The banking system is the
L..s~ II.
MES OF this repablc, and moves the waves as it wills
Fer the last ten years the real contest has been be-
tween the New York and the Philadelphia banks for
the possession of the political power and the welding
Of the Influence of the blockheads at Washington
jackson, Van Buren,, Clay, Webster, Calhoun have all,
more or less, been the agents of the antagonist
banking systens-the pieces and pawns of the play
ers in the great game Of finance By the policy, the
Influence, the action and the determination OF the
Wall street banks, the United States Bank char
ter permitted to go out of exisence-by the same
power and influence the expansion Of 1886 and sus-
pension OF 1887, were efected-and, we have every
reason to believe that the resumption of specie pay
ments, the passage of the compromise Treasury BILL
and the resuscitatsn trade will be gradually brought
about recognized and Refrigerated by the same
power and the same institutions
In former days religion governed the world-then
The art OF war-then political reform and theories of
government. During the last twenty years, a com.
pete revolution has been effected in the government
Of this country-and we may also say, in that of ev-
cry civilized commercial nation. Finance is the
mysterious polcer that regulates human thought and
manages hSman feeling. The ALMIGHTY DoLLAa
rs the real democratic princple-the outward SYM
Dol of inward power. When this great element of
civilization, this wonderful, mysterious little thing
this mere piece Of metal or piece Of paper becomes
organized in the form of bank as we see in Wall
seasurds our the fortunes of states and eommun;;.
lies, as . sweet young girl in Broadway measures
cut tape-when il gives this mass of morals re-
putaton this day, and takes il away the next. with
equal eass-when its behests reach every heart and
touches every soul, the yeung and old, the beautiful
and homely-the poor and rich-caa we denv that
the organized, mysterious, almighty dellar, is not
the real government of every civilized every scen-
rnc, every religious, every democratic nation7 Dr.
ring the last two years, this organization has been
maturing under the genius of Wall street. Its ants.
gonist element has proceeded from Chestnut street
Of another city; but from the appearances of things
IN Washington, we have every reason to believe, that
Wall street will yet gain the triumph. Finance il
the great science of modern times He who under.
stands finance can conquer mind and govern passion
year, have adopted the rgh, principles and whatever
changes may take place. they will, in the end, sue
coed over all the opposition of their rivals in Phla.
delpha.
We are in hopes, therefore, that the Compromise
Treasury Bill will pass the House OF Representatives
Iii based on the right principles Of finance, and will
give us in Wall street, the victory in the end BE
hat as il may geate reader forget not that the dol
lar, rightly organized and directed is the omnipotent
power over the heart feelings affections, and pur-
poses, in modern days. A fnancier is greater than
m emperor-and the dollar is the Great God Of civil
ixstion.
SrrTLrsc uP.-hr Collector Swartwout has or
dered all his cashiers clerks, and employees to fur
nish Their accounts up this day the 2sth inst as on
fais day he settles his affairs, and like well bred
dog, walks cut to give TO Mr. Collector Hoyt to
walk in, both bowling to each ether very good natu.
redy, Smiling and shaking HANDS, the latter going to
walk into Uncle Sam, the other gong to walk into
Texas. Great times in the Custom House. Dozens
are trembling in their shoes and every word, gesture
and wink of the new Collector are watched as narrow
ly A. il he were heather god wearing a crown Of
laurel Weknow much more of thcso nm .,o,. al. 90,