Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-11-20
Frnm az n. J. Tran.eTipL.

ESu'tst8 DsDses eAegs 100
From the N. Y. Transcript.
| THE INDEPENDENT EASURY, ps.
a NATIONAL BANK.
The Egyptian system Of q SUBJ Treasu,
nv, or Natioral Bank, which was recon.
mended BY Joseph and put ii operttion by
Pharaoh for the enslaving Of the farmers
of Egypt, and dispossess.ng them of their
lands, is strikingly characteristic Of the
policy Of the government which IS about
10 be put ID operation BY Mr.. Van Bu-
rem, BY which scheme the farmers Of the
United States, in q very few years, will
Be deprived Of their farms. AT the time
of the seven years abundance Of grain in
Egypt, Joseph, the Prime Minister OF
Egypt, established sub Treasures in the
principal cities of that land for the safe
keeping Of the grain. The revenue of
Egypt, which amounted TO one fifth Of the
wealth Of that country, was deposited in
these sub Treasures until the seven years
Of plentifulness m Egypt were ended.
After the seven years of dearth began,
there was no bread IN all the land, for the
famine was very sore. Then Joseph
opened the sub Treasures, and sold bread
unto tie Egyptians, and gathered up all
the money that was found in the land Of
Egypt, and deposited it in the vaults.
When the money had all failed, the PEG.
pie gaveto Joseph, in exchange for bread,
all their cattle. In time that was con.
stunned. They again came 10 Joseph, and
said, our money is spent my lord also
hath our herds Of cattle; there is not
aught left in the sight of my lord but our
bodies and our lands; buy US and our lands
for bread, and we and our lands win be
servants unto Pharaoh" Then Joseph
bought all the land of Egypt for Pharaoh,
and as for the people, he removed them to
cities, fiom one end Of the borders Of
Egypt even to the other end thereof, so
the farmers became residents cf cities
and slaves TO Pharaoh.
The Independent Treasury system Of
Mr.. Van Buren, proposes to establish the
sub Treasures for the safe keeping of the
reYenuein a great number Of cities through.
out the land. For instance, at Washing
ton, New York, Boston, Philadelphia,
New. Orleans, Charleston, and at the 9th.
er principal cities in the United States. 1t
is also proposed that at the Custom Hou-
ses Of New York, Boston, and other cit.
les, there shall be sub. Treasures built.
The Prime Ministers at Washington will
have his secretaries at all the cities which
have been named as receivers Of the rev.
enue. This appears to be part of the
law.
Let us suppose the Van Buren SUBJ
Treasury to 60 into operation next win.
ter, with an amount of specie in their
vaults equal to twenty millions Of dollars,
which IS about the amount Of the surplus
revenue. The same amount Of impost
shall be collected BY The government for
seven years to come, as has been collec-
ted the seven past years. n addition to
this consider the power which the Govern
ment Treasury notes will have to drain
the country Of every dollar.
What q fearful spectacle win this ex-
hibit TO the people. The seyenty-five
millions Of dollars which IS now supposed
10 bein circulation, in seven years hence
to be in the hands Of the government, and
not dollar with the people, Then i
d farmershould desire a small amount to
improve his fam he must supplicate the
government for accommodation, for the
banks viii Be an annihilated by the de-
structivo power Of the SUBJ reasuries
and Il be receives il from the government,
bis farm mus Be mortgoged. md then
foreclosed 50 the farmers viii Be slaves
"a M. Van Burcn, and ike Pharaoh, be
win remove them to cities. Then the
Custom House officers, who are as M.
merous as the frogs Of Egypt, and as de.
structipe 10 our equal rights as the frogs
were Is the Egyptian lneeding lroughs
win Be made lords and dukes for is said
that they at this time fill the democratic
4 committee rooms, andoficiate ii al The pri.
J mary meetings d that party, to the ez.
J pulsion Of the independent, intelligent
!, and virtuous portion Of that party.
Fellow cilizens, are you prepared to b
J slaves No, we are moi we win neyel
} tamely submit to principles 80 destructive
, to our rights as tie sub reasury schem,
Of Mr. Van Buren, vii Be-. Then hols
liequent consul tatations meet every eve
ming next week is city and country, AMI
talk Of this subject Let tie voice Of th.
/ condemnation Of tie sab. Treasury g
forth ia the car Of the people; lett 20
. be recalled until the sub. reasury schcm.
} IS abandcned
4 ~