Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1838-12-12
y OIL XI. No. IL

ed TO constant examination BY comm,
sioners appointed for that purpose. a.
much oil the success of its BANKING -.
tenn is attributed to This watchful sun.
vision. The same course has also !.
view Of lis beneficial operation, been adon'
ed by an adjoining State, iavorably know,
for the care it has always bestowed unor
whatever relates to Its financial Concern,
[ submit 10 your consideration whether,
committee OF Congress might not be prF
itably employed in inspecting. at scch \.
tervals as might be deemed proper, The Al.
fairs and accounts of officers intruSeS
with the custody Of the pubic MONEYS
The frequent performance of this DUR
might be made obligatory on the commit.
tee in respect 10 Officers who have large
sums in their possession, and left discfe.
tlonary in respect 10 others. They NIGH
report TO the Executive such defalcaliors
as were found 10 exist, with prompt re.
moval from Office unless the default wss
satisfactorily accounted for; and report
also, 10 Congress. at the commencement
of each session, the result of their exam.
nations and proceedings. Il does appear
TO me, that, with subsection of this class
Of pablo officers 10 the general superyis.
ION of the Executive, 10 examinations bys
committee Of Congress al periods of which
they should have no previous notice. ana
, 10 prosecution and punishment as for Es,.
ony for every breach of trust, the s,S
keeping of the public moneys, under Tie
system proposed, might be placed on
, surer foundation than II has ever OCCUPIED
: since the establishment Of the Govern.
ment
The Secretary OF The Treasury will lar
before you additional Information cen.
tanning new details on this in.eres,iE-
subject. To these | ask your early alter
ton. That il should have given rise 70
great diversity of opinion canno. be a sg.
ject Of surprise. After the collection and
custody of the public moneys had beea
for as many years connected with, and
made subsidiary, 10, the advancement Of
: private lntertSs, return 10 the simnIe
tand self-denying ordinances of The cons,i.
tuition could not be difficult. But tine
and free discussion elIciiing the sentiments
f of the people, and aided By thai concilia
; tory spirit which has ever characterized
5 their course on great emergencies. wen
relied upon for satisfactory settlement
t he question Already has this antieiDa
8 ton on one point at least-.he impropri4
: y OF diverting public money 10 prirsis
Purposes-been fully realiz d. Thers8
. no reason TO suppose that Legislation uru
that branch Of the subject would nowi.
I embarrassed by difference of opinion. O.
e fail to receive the cordial support ola
!, large majority Of our cons,ituen's. The
e connection which formerly existed Be.
t, tween the Government and banks was II
: reality injurious to both, as well as 10 III.
Y general interests Of the community
o large. Ii aggravated The disasters Q,
/, trade and the arrangements ofconmcr,ig
}, intercourse, and administered new eyrre.
g ment and additional means 10 wild aRl
d reckless speculations, and disappoiatmeEa
e OF which threw The country into conraI
}, sions Of panic, and all but produced rib
II lence and hloodshed. The imprulenlf..
J. panslon Of bunk credits, which was la
i natural result ofthe command of the rers
nues of the State. furnished the resources
s Tor unbounded license in every species
o adventure, seduced industry from lis re-.
IS u:ar and salu;ary OCCUPATIONS by the b9r
? OF Abundance without labor, and deranea
h the social state by tempting all trades az!
i professions into the vortex of speculate
e on remote contingencies.
e The same wide-spreading infuenceia
9 peded also the resources Of the Gorer
5 ment' curtalled its useful operations,
barrassed the fulflment of lis oblioaliOs
y ana seriously inierfered with the exss
4 non OF the laws. Large appropl ialua
} ana oppressive taxes are the natural COZ
J. sequences OF such a connection, sincelbe
d increase The profits of those who area.
! lowed to use The public funds, AMI mas
e y their interest that money should bea,
n Gumuiated and expenditures multiple
Il IS thus that concentrated money pos
n er IS tempted 10 become an active agents
D political affairs, and all past experiens
&C mas SHOWN on which side that inhIels
J. VIII be arrayed. We deceive ourseiui
h II we suppose that it will ever be iggl.
n asserting and supporting the rights Off
: community at large, in opposition 10 y
d, claims Of the few.
: In Government whose dis,incuishia.
= Characteristic should be a diffusion sc!
II equalization Of lis benefits and burieDs
+ the advantage of Individuals will be az:
D meated at the expense of the mass oftb
s. people. Nor is it the nature of combrt
D tons Tor the acquisition OF legislativcr
I fluence 10 confne their interference totR
!, single object for which they were origf
! any formed. The temptation to eSteS
T. IL 10 other matters, is, on the contr1rr,aS
! nnirequentiy too strong TO be resisted