Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-07-09
TayGsT,h-n'EFrs1 e0sGsIs's.
WAs1i>e4e>, July . I=Js.
TIE NEW srB-TREtstEY BILL.

:
all Law nfeicrfncc TO tue safe keeping Of The public
money aud ndetlus the Treasury to tie Ire
sideat, without control 81 limitation.
When the question at, put on the final passage
ofihe Bdl. Mr.. WEBSTER rose aud remarked liai
there WIS M tune nov lot DISCUSSIONS but lie wish
ed 10 impress on the Senate aud the country The
real state oil The law. aud the condition oil matters II
tins measure should pas.
In tie first place, the notes Of no Bank shall be
received which have issued notes 81 a deaomna-
ion less tIau h4e dollars. HIS prohibition will eN
clude lie notes Of almost all thcBanks IN The North
In the second place. i lnIt note shall be received
Which is il eli under tile denomination Of twenty dol
lars. Tins has bern prevented by the new Treasury
Cnenlar.-Mr. WEBSTER brought forward apfoposi-
ton to obyiae this evil aud it Is OF very Sc
rious character for how man make payment
at the Post Once. If he not 10 offer notes under
twenty dollars. The Inconvenience Al the Land
once will be found still greater, and will fall with
particularly heavy weight on the purchasers OF the
forty acres tralls.
Thirdly The reception and custody OF the public
money, will be exclusively III the hands Of The Trea-
stner ~ Il was after the removal OF the Deposites,
before the plsssaec Of the Deposite Act. And as II
IS the well known doctrine oil the party that all Off
Gers are dependent solely on the Executive, and
removable at his pleasure, II follows that the pro
ccedlnes Of the Treasurer will be exactly as the
President may direct. All security Tor tie public
purse, aud all restraint onthe Executive, are repeal
ed whenever tins proposition IS adopted
Bur, san Mr.. W rrsrER, the collectors make
use oil the Banks, and he believed they would con
INN. IN ,.q ,hem When thev uo, ave, the mo
nav fb.y ,ercy, IA ,le TREASURY fhcy viii plce II
IN Bank of where else can 1t be put! II will be
kept IN State Banks as before, with tins alteration
only thcie will be 10 limitation OF restriction on the
custody.
Ihs, theo Is the end to which the Adninisua.
io, l.,s ,,,,ycJ m lis nr,ofsss of Dir0rcct All the
noble putposcs-thct jealous perseverance IN ldbouf-
lne 10 accomplish Divorce, have terminated lnre-
t,,nn, the ols as DpposItorics OF the public mo-
#ury
Mr. pRf.rov followed with a mo { powerful aud
eIooucpt snec,h Should the Ri pass he sud, we
uonl1 he btonah II tie condition OF thlngs III
1-3t Mr.. pursro> came INTO the Senate At that
sr..inn-fIr cclebr,lcd p,fBjc session. as the party
have qfrl,cbfrd 10 call ,t-whcn the Executive had
Lx q, ,rI,o and alu,clons act seized on l.. e Public
t,.,s,,r Aurr FIVE wears sttnoolinp we arr. now 10
h., nf5rrd IN the same state with this great agra
,ailon that Coaefcs5 now eocs aud Laws down al
tine .ef oi tic Xeruffsr what At tlat day the un-
srr,,nnlou4# Lo,,lne.s Of A<pnrs ,ehsoN, had
p,orip1rd hinllo4rile lpaul To hi, has the Sen
~, rdmr lh,nuol, successive 8, ICES of DEGRADATION
General lacLson defended his conduct ON the al
rerd mound that IT vas necessary Ton the security
fine publIr Money. flatit SHOULD be taken from the
RAM, ol The limited S,,frs and he earIzs. IL recon-
,la,l ,I,,, j. .h,,ld Lc ,13rrd no,lc, fho p,ntr,1
ol Law. The Srpnte latnt a course #ex3c,l1 the
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