Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-07-12
From ihe UHshiDDtou GIobc

From Tie nashinoton Globe.
lHDEPLNDENr Treasury BILL-The
bill TO deliver the Government from Bank
conirol Of its finances. has been lost in the
House by majority OF fourteen. We
deeply regret this result. II is our settled
conviction that the private pursuits of indi
vriu.ls or corporations should never he
blended with the business Of the Govern
'nrni,. and thai legislation for community
should never be rendered >ubscrvIrn, to one
commanding associated interest: that bank
| Ing. simply as II business, would be more
safely and usetully conducted if left 10
work out its own prosperity, without rcli
ance on Government favOrs or funds: and
that Government would be more purely,
equally and economically carried OH
would be maintained more perfectly in all
ils Republican principles. if the influence
of banks were excluded from the elections,
from the legislation, and the executive ad
ininisiratiOn Of the nation. This, il seems
tn us, can only he accomplished bv placing
corporation interests precisely upon tho
same footing. in regard To the Government
and its mOury, as individuals. 4 line of
| separation should be drawn 20 divide Gov
ernmeut mere absolutely from corporation
than from individual concerns: for " hiIe
ih" latter nigh, only enbarrass tie former
must gradually cngr0Ss, whit The pcculiia
rv advantages, prrpondera'ng vrio hr in
hc Legislative AMI executive adulin>rra
| tI0u. To take The Government OUT of the
hands of Il class. AMI in fix il for ever on the.
broad basis of the popular will, was doubt
less the object of The Executive reconmrn-
datlon Of the disjunc'Iou of government aud
banking. In this view, the great. permanent
principles and interests Of the Republic
were considered, rather than temporary
convenience present lncal or personal all
va"iage-i,nnedia,c official or political in
| ter',t.
The vote ofthc House of Repre- Seutativcs
has, however. disposed of the simple, u.,a-
dulicratcd proposition submitted b> the
| President, aud sanctioned by the Senate. =
We lce4 proud, nntwilhslandin lis drlca,,
| oi the pure, patriotic. distinctive Repuhll-
eau purpose of the Recommendation and of
| the noble Dephcfalic Support by winch it
was sustained in the House. Or the whole
number of mci,Ihers returned to Comgr,.-s IS
| hy Democratic .uflragrs. only tnurIcrn sepa-
| rated from their trierrs on this qurs-
[ lion. or this number. we alp-nui Neils>v"
nnTe Than Ionr ar tive are throusEly iden-
! lifted with The Opposirion, or will unite
with them in the policy They propose us the
| preliminary Sfer Ia the re establishment OF
the National Bauk. Mr.. Webster, II i,
! known. some days ago submitted PROPOSE :.
non To surrender The public money again To
| the Use of the State banks, to be invested in
| trade aud speculation, anr to renew that
experiment. which. having before. predicted
lis failure. hr aud his friends (nund i, e1sy
To accomplish. and " hlci thcv would now
| rrIn'hI, WIN IN" open avUW al that its Ger.
| tam failure II second time must result in
cumrrliinS The people, whn have for The
tasl SIX years resisted the recharcr Of :,
National Bank. again to submit To thai al
tentative.
| There is, we have no douhr, decided
mnJo.rty i'll the House of Representatives,
sincerely "pI"sed to the surrender of The
Treasury t" banking purposes; opposed tn
| Mr.. W Webstrrs scheme for The r.new al of
the experiment, vii the prediction of fail,
ure IN advance, and the declared design ON
In, own part, and of the " hole party with
liOm he acts, in the end 10 overthrow il:
and opI'o>ti 10 that >uhstItuIe--a National
bank-wnmh Mr. Webster and his friends
do not hesitate to say they mean to eStab-
il>h upon The wreck of that system now
proposed by them to be patched up al in
| ttT1m. On THAI portion Oi the ma IOrity
hostile alike To the Inrne,iat" project an,
ultimate objcct oi MeSsrs. " cl,ster, CLAY,
and the National Bank party, who acted
with them Oh the recent occasion, rests the
responsibility of devis,ns some .mode OF
administering the public finance, which shall
not make them accessory TO the policy OF
The Federal party.