Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-06-23

| were ordered to be deposited with the States ant
appropriated the same to other purposes: or h<
knew, or should have known, that a very large
amount thereof, and for auyh; know more wa.
IN the hands OF his own dciau!ting holders
And that information, although expressly calico
Tor, has been evaded and withheld from the
representatives. Mr.. Chairman, do not make
these charges without having the evidence be-
fore me TO sustain them. Sir, the correspondence
touching the defacations of land office receivers
has at last been laid on our table. Il wish tina,
every man in this nation mad one) The speciaI
agent Of the Treasury, Mr.Garesche, appointed
to examine into these Offices reported to the Sec
rotary OF the Treasury, on the 18th day Of June.
that the land office receiver Columbus, in MIS-
sIssippI, was defaultcr TO the government in the
sum OF So5,06j 81; and gave as a reason for his
dcfalca,ion, that he had been sled away from his
daty by the example Of his predecessor and that
another receiver would follow in the footsteps Of
the two; and thercupon recommends his being
retained, in preference to another appointed!'-
And, for aught know, he was retained.
Do you remember, Mr.. Chairman, that when a
late administration came into power, in their
laudible zeal to ferret out plunderers, that they
found one poor Auditor, who was a defaulter Of
some few hundred dollars; and that forthwith his
goods and chattles were seized and sold, and his
body imprisoned; hunted down like felon, with
from high places--sLet HIM rot in
prison, for he has not only used the public mon
ey OF the people, but he has dared to interfere
with the freedom Of elections Bat, now, sir
when public dcfaulter is detected for large a
mount, no Is recommended to the mercy Of the
Secretary, and the question is not now asked is
he honest and capable but is he of our par
ty No, sir, is this all connected with these pub
i'c defauiters: it you will examine the report 10
which have referred, it will be found that, in
many Of the cases, where the defalcation is
very large, the security taken by the Secretary
IS wholly Inadequate. Take for example,, the
late receiver at Helena, in Arkansas there the
defaicaiion is largely upwards Of 100000, and
tho penalty Of the bond only 100000. The
report shows, throughout, culpabe negligence
Ia tins particular, on the part of the Secretary;
and sir, the result will turn out to be total loss
TO this government Of very large amount
And now, Mr.. Chairman, while we have these
before US, and have some practi-
cal knowledge as to the manner in which thew
have taken care Of our money and as YOU
propose hereafter TO place all Of our money into
the hands of these same indivi duals, or n fresh
supply of them, in gold and silver, with all your
provisions for security--such strong boxes;
and bars, and bolts, and kcys-l intend to offer
IN amendment to that bill, Gf you should see
1T to bring it up,) and hope you will adop, it
that you have a strong chain provided for each
well secured and fastened to his
body and his strong box; who NAV, like a lion
fastened to pole, move in solemn mockerv a.
round his masters treasury, to prevent him from
running away and forgetting to leave his money
behind.
Mr.. Chairman, before I proceed % Inc discus
non OF the policy of issuing notes. distinguish
ID from an open, acknowledged loan, and the Of
ect OF tho country, ] must again refer to the
statement s':omitted by the Chairman of the Com
nittce Of Ways and Means in his speech on this
oill, IN order to show that he has not presented
The condition of tho Treasury in that open and
candid manner demanded by every consideration
of sound policy, moro especially when he knows
70 furnish the necessary supplies to enable the
Gov ernment to discharge ats obligations. Bat
SIR, instead of manly exhibition Of the resources
Df the Government, present and to come, both the
chairman and the Secretary, acting upon the
same principle which governs individuals who
conscious OF their own bankruptcy, are endeavOr-
ing to conceal from their creditors and from the
world that most important fact, under the fond
hope that something may occur which, in the then
unknown future, may save their credit from be-
ing impaired, and their honor from blemish. Mr.
Chairman, can you hope for any such result? Do
you hatter yourself that You can any longer de-
ccivo US or the people? The chairman of the
Committee Of Ways and Means yet stoutlv de-
MES that the Treasury is bankrupt, and attributes
its present condition mot to any supposed want
Of resources, but to the manner Of executing the
Treasury motto bill Of October last" And pray.
sir, who was 1t that was charged with the eyecu-
ton Of that act2 Your President and Secretary.
Who was it that designed to tickle the people
with an experiment Of Government paper money !?
Who was it that issued some six or more millions
of this same paper, bearing the nominal interest
of one mill per cent. per annum? Who was il
that, by such an issue, designed to make this pa
per a currency if they could? And, sir, who
could no, have told the President and Secretary.
whose duty it was to execute this act, that ire
decmablc paper money, without interest, and nav
able on time, would either return promptly into
the Treasury or sink far below the value of gold
and silver! And, sir, it has returned, and with
such wonderful rapidity that scarcely performed
journey from tho political metropolis to the
commercial emporium Of this nation That d.
vision Of this grand experiment, like all others
that have proceeded it, has wholly failed; and.
sir, the residue Of these notes have been issued at
an interest of five and six per cent Yes sir. one
creditor gets note without interest. and another
more highly favored one gets a note ut FIVE and
six per cent Is this right? is just? is this your
notion, Mr.. Chairman, Of "cquaI rights and Sc
quail privileges" now the cant words your party
And what do you suppose, sir, will become oi
these five and SIX per cent notes? Will they cir
culate as a currency, leach man who NAV be for
tunate enough to get one taking with him a slate
and pencil to figure the interest,", or will not the
capitalists take possession Of them? Will no,
that odiors Nick Biddle look after them to paw of
his bonds, due in September!