The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-12-07


had the best sources &c intormatlon, and
ample opportunities to investigate the sub
iect fully. II has certainly been very Ella
boralely discussed al two sessions, aud re.
iec.ed under circumstances which would
seem ic demand the acqu'escence Of every
republican. who holds the docirine that a
majority ought TO rule. But it is no, sub
mitled To; every exertion has been made,
and Is still making by the immense mfiu
euce Of Executive patronage, 10 reverse this
twice decided question. An appeal has
been made 10 the people, the subject has
been carried luto our State elections, and
the public I..ind vexed with it, from the
elections of our consia5les To that OF the
executive. /, has been made the test of
Democracy iiself. Grave Senators aud hon
orable Representatives have taken the
stump n, elections, a, barbacues and dinner
tables IN defence of 1t. The cupidIty Of
creditors has been appealed to IN support OF
it. They, have been invited By the Score.
tary of The Treasury TO protest his own
drafts on the Banks When specie was re.
fused, IN order 10 make them equivalent 10
specie and available in the market at
high premium, to pay custom house do
lies. This IS no fiction, 1t is fact and
the Government has been dlshcnoted by
her own officers for petty reward Of pro
fit on the salaries they are receiving from
her bounty. The honorable members OF
Congress we're preferred specie by clrcu.
lar Of the Secretary IN the pay ment OF their
compensation. With such inducements,
incentives, ard appeals, we would not be
astonlshed 10 see this new device become
the law Of the land against the dispassion.
nie wishes Of the people.
| ualsr-i=ad the " Independent Treasu.
~ to mean. reduced 10 It's naked proper.
tons, the appointment Of new Agents by
The Government, whose duty II viii be TO
receive the public dues from the people in
gold and airer only, keep it 10 safes and
vaults, and pay i, cut 10 the SHARED of
GERS and others 10 com only, rejecting the
use Of banks as deposI torres and their notes
rs medium Of payment, whether couyer.
tible INTO specie or not.
This measure consider wrong IN pm.
ciple. NJ State government would be sus-
tanned IN exsceng from the people coin on
~ ~ The pay men; OF taxes, land sales 3Gd
entries, nor could individuals DO tolerated
10 course so odious and oppressive.
The employ meni Of gold and silver only,
in ell TRANSACTIONS betseen the government
and people, If practicable at all, would be
announcement and expensive. But the I'M.
practlcabiIity q conducting the business Of
the country with specie currency only, Is
not denied. We must then necessarily
have a mixed currency Of s?ecie ard banh
notes.-the one, according 10 the lndepen
dent Treasury doctrine, for The Govern
ment, and the other for the people and they
must come in ceufl,ci. The refusal OF the
Government, 70 receive the peoples curren
CT must Gepreriate /, or produce a constant
dram upon the Banks, which must DESTROY
their usefulness.
On the score Of safety, the Indenen1en
Treasury is To me particularly otiecfiona
be. Few Of Us arc ignorant th~t rtrs off
GERS a the L. Votes are appointed uiort
frequently from politicaI Uv.,siJeratIcns thar
from intrinsic merit, aud too frequently
from NOISY demagogpes, Who are ai~av
the most forward and perIiuactous appli
cant- for office. The Geposies 10 the loca
banks must, from their nature, be more sc
cure than from such officers They ar
guaranteed By the capital OF the bank, an,
the watchful eye Of seif interest rs petpelu
eiy upon them. | sneak chiefly 10 reference
- thr officers and the management of th'
Banks Of this State ard from persona
knowledge, an very Certain that 10 Sub
Treasury can be oEganzed wtIh which
would 80 confidently enirust my persona
funds as with our Banks.
But this Sob Treasury scheme must ia
crease the nuRbet d officers and the pal
ransge nj the General Government, aifea
dy swollen beyond all proper hints.
have IN lDsuperable objection to seeing III
agents Of The Government spread over IN
States, with the control u money or powe
ol ang kind, to operate on our habits. man
ners and feelings, or to inauence our eiec
tlye franchise. We have already MN
without coin, an Afseoai without need
Collectors and hosts Of Custom house oil
GERS, 81 all oOr ports u entry, and Post Mas
ters, like the Incusts Of Egypt. they fora
a phalaax, which IN pairIo, can c0tlem
plate Wuhou, iast apprehension, or think c
increasing without dIsnay.
Some advocate the scheme, because /
its operation, II ~tll be hostile 10 The i1ca
Baoks; and That, IN their natures, they ar
antsgoHlsiical, and cannot exist together
Are we prepared for the destruction Of Oh
Banks, and, with them, ct our trade an
enterprise Are We willing 10 witness r.
duciion 10 the value Of our property o. on
half or more D~slruy our banks, and "
Wi WINGS ihl. OF tie Illuminating alierna