The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-06-22
From the National Inteliigencer, 9th isst.
rur Srp- TpFAsuRY SCHEME.

TO learn BY MS ptNale iouciS ho" 'e'h-
inpton, tina, there is now probability that
the bill will pass the House Of Representa-.
t,yes. The Public has, be says, been ull.
ed into a false security rs to the tate oil this
measure; IL was thought that the public
voice had consigned 1t TO the sleep OF death,
when all a, once il is found 10 BE- rousing
itself for action and possible triumph
What the probabilities arc IN regard to
the Sub. Treasury bill We are ourselves nn
able 10 say. We perceive, however, that
the sagacious aud generally wslliniormed
Washington correspondent OF the New
York Courier expresses the opinion that
there Is a majority Of the House against the
ball ; but n uspuiy so small that II Ia be
! lieved every member MUS, be al has post
TO ensure its defeat. Ii tins be fact as veil
as opinion, It devolves high responsible
ity on every individual member Of the
/ House OF Representatives, and the country
will "expect erery moa to do his duty"
But, should these calculations prove ialse;
should the Administration party prevail,
and this dreaded bill become law who,
the editor OF the Enquirer himself. While
he prosesseGly dePeca,es the success OF THIS,
tho great leading project Of the Admins
tratlon, to which every thing within ns
/ power IS made 10 bend, Is be not daily sup
pllca,ng every man, Of every shade OF
| politics, TO rally ruund and support thai same
/ Administrator, (coSte qsl cohts, as he hun.
self would say whatever may beitde
And can he expect 10 influence men 20 op
pose the cherished policy OF The Admins
traiion, while 10 the sane breath he tells
them that all the hopes vi the country de.
pend upoa an Undertaking support Vi tba,
Administration ? The demonstrations Of the
Sub Treasury scheme BY the Editor Of the
+ qu,rer-though he pronounce II fonous.
una lse, an,l republican,, and iraughi attn
more mIschieis than ever was tabled o.
/ PanGora's box-~are Of lllIe value, II With
The same pen be solennlyass~seraie that
the hopes Of the country, s0d the very e1.
lsIence Of repubcanism, hang ca loyalty
to the Administrator. Gao be persuade
meu 10 wade knee deep IN SIN, and there
stop Doiage Itself could hardly believe
It, nor could faulty more fatally tfils wslh
vital Interests. Every man ur1si see that,
Il ,i.e Administration we're 10 succeed IN
carrying thls porleDtous measure, 1. would
be a proclamation Of war against the banks
aid crtsi OF the eOuniry. l he Sub Treas
ury bill, even IN the modified shape N which
/, passed the Senate, aud Is nos lying on
the table OF the Hpgsa oi Rcpr senialves,
goes the whole Brnto0ian theory TO hard.
money and hostility to oil banks. II pro
pgscs 10 "dyoTce the interest Vi the gov
errors from the interest Of the governed,
aud, shat IS worse, TO place all the eoai
mefce $50 far as moBey enters into ~ aac
oil the currency of,hc country under the con.
troll OF the Executive, through host ai use.
lesg officers, The power Of appointing ~hom
will, besides, add 90 much mote 10 the Al.
ready baleiul extern, Of Executive patronage.
Oae consequence 81 the passage vi the
Sub Treasury b'i viii b" greatly 10 im.
pede, 1t not cnIrely to prevent, the resonp
ton OF specie payments by the banks. Al
ready We see what damp has been cast on
the general Joy upon the repeal OF the old
Specie Circular b, the nsie Treasury Circu.
lar. That circular has chilled and checked
at once the Hood Of usifyIng confidence
which, bursting all remaining restraints,
was beginning 10 course rapidly and whole
somely through the veins Of the body pol,.
) TIC. II has had this effect, not so much DC.
cause Of the restrictions WHICH Il imposes >,
= f Ian. Hal. IL a
existing institutions interviewer With and
InsepsrabIs from the general prosperity a
all interests of the country. The mere
threat 10 revive the Sub Treasury bill,
which was supposed 10 10 lying dead upon
+, the table Of the House OF Representative, is
another obstacle 10 the resumption vi specie
pay ments and If tho Executive influence
IS now strong enough IN the House OF Re.
representatives. 10 carry that measure, against
tho known will Of the People, as Indicated
by sill the recent elections II may be safely
assumed that the general elective resump
ton OF specie payments which. bot week
ago vas, believed 10 be So near at hand, Is
for all purposes beneficial to he present gen.
efatlou, as distant as the day OF judgment.
Lettis hope that no such misfortune over
hangs the country, and that the fears Of the
Editor ofibe Enquirer may prove to b any
thing but prophetic. Should Il unhappily
turn otherwise, however. let the Editor Of
the Enquirer, instead Of kissing the rod, a,
hitherto, help TO break a.; or, what will b.
III elect The same, strike down the haud thai
, Yields il.
r One hundred and fire millions in hre,
: ufdFs ! Let moi the read,r h. stastlad al