The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1838-02-21

i s'H'Tdi ti puhiiC moneys thpft uight he
procured IA that building; that the necrs-
sary vaults would hr requrrd 10 be conslruc-
ted. aud the ro9nls fitted up aud prepared
i"r this use, which would be The whole -x-
pensrs at thai point for errc,ious. The es-
Innate %! the Department. for these purpos-
es, was iwo thousand dollars. For the rx-
penses at ~ site, the ereclion of the neces-
sary building, and The co s,ruclion of vaults
aud sales wnhin il, nj ~. Louis, the drunrl-
nen' supposed an expense of from four
Thousand five hundred la tive thousand dol
lars would be incurred. From inquiry
sade of gentlemen intimate aud personally
acquainted with HE price of properly aud
building materials nt that plnre, he pr,sum-
Ell IN" expense might he ahnye the estimate
at the Department. II vas said ,ha, the
cost of suitable site, al n proper location
within The business part of the iuw,,, would
be- some three or innr thousand dollars at
the Ivnsi. Ia ihis eveui, the estimate would
he much too low, and it was just 10 the Sec
rrtar, of the Treasury to say thu, The esli-
mute of tie Department was accompanied
wnl II declaration that no local information,
was possessed, such as was required to up
proxlmatc towards perfect accuracy. TIL,
estimates we're from six honsaud five hun
dred Ia seven thonsaud dollars. He woull
SUI nose they were too Inv by three thou
sand dollars, and that an expenditure Of te,
ihuusand dollars would hc incurred for these
rreclions NJ The Iwo poiuls. lie bed been
m"re particular aud detailed upon this item
OF the proposed expenditures, because he
l.. A "A. IL.
efforts had been made, aud were constantly
~ ding, io represent the Intention 10 be 10
erect palaces, aud splendid ediiices, for
these humble offices lie had no other
answer 10 give to these mistakes than Ia
present the ESTIMATES of the proper depart
ment OF The Guvernmcnt---of that depart
men, which was charged hy the bill with
the erection of The buildings not only, but
with the direction Of the plans upon which
they were Ia he erected, thus shaving, MS
perfectly MS mere intention can be shewp,
the views of The Government ns To the scale
of -xtrayacance or ecouomy designed by u
IN this particular; nnd to say tia, Cougrcss
WAS ilie only branch of the Government
which could be lookcd 10 for the means Ia
make any erections wbalsoev.r, aud that
,ls appropriations must measure the rxpensr
aGd consequently The exIravngances ar T.
c0noIny of the exrcn,pfs Of the law.
The next, nud ody either item Of expense,
under The hhl, would he the pay of the oili-
GERS nnd clerks employed. The number oI
additional officers whose appointments were
provided for was four, aud he would assume
that their combined saIufies would not he
less Than eight, nor mare Than twelve, thou
sand dollars. They were to he placed IN
responsible trusts, aud ought X, be cIIIzens
Of elevated sounding aud Iried moral Iutrg-
rily. lie could not suppos" therefore, that
any one would wish io assign them salaries
of lrss than tw" thousand dollars each, aud
he did not llink thai The sulafy Of any one
of iIru should cxcerd three thousaud dol
lars.--For the sake OF ihe argument, he
would call this expense twelve tlionsund
dollars.
IL might he necessary To rmpl0y from SIX
to twelve addiliunal clerks, under The vafi-
ous provisions of The bill. Their combined
pny might amount. Ia is,in siA 10 Ten thou
. sand d"liars. lie thought the esiin,ate,
both MS Ia the number "f clerks, aud ns ~
the nmouut Of compensation. very high
Bolh, h"weyer, were his avn, as he had
, asked no estimate from Ii,e Department up
| on this poin', and hc was willing Ia nssnni,
: the highest of his supposIi.ous To- be ih'
= true standard Of expense for these Two OBJ
: jecls.
!, These lnst are regular annual expenses
r aud are, therefore, 10 be considered as TIA
e constant charge upon the public Treasur,
. Of the system proposed. The cosi oi ih'
! erecIions is % single expense, which, BEN;
r once incurred aud paid, is done wIll'.
What, uien, are he expenses of the Sih''
, bank Jcp"silc system! II The deposIes are
/ opsn and general, aud the banks have The
, use Of The public money rs a compensation
, for their agency, expense - n".hipg, d'-
rrcrIy. The use pays for the keeping, ns
it most a.suredly should when The money Is
moi ia fact, kept, bat used. lie should
have orcasioD, however, very s"on, To hut
at The Indirect expenses To the tinted States
of such - system of bank deposiics.
But suppo-c - system of special depos-
ties be- esiaLlslIrd, aud the banks he efirc-
runlly prohibited from the use, for any pnf-
pnsr, of The inon,y Of the people IA Their
keeping, how then will stand the g,i. siiDn
Of .xpeusrY A connis-IUn upon The inoh-
~ depo>iird mus he paid To The baok ior
ln, trouble aud risk. lie was wholly una
ble io say what the couppI-sion ought To le,
or what Congress would be compelled To-
make il, To induce The hanks to accept The
trust. tie had found, however, that from
comparison of various rates "f c0Wuission
r l.