Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-02-06
Khe sub.Treas1rY Schenle.

lately reported in the Senate by its fl
nancial committee. We cannot do bet
ter perhaps than to transfer to our col
umns a portion Of its remarks upon
this subject, with a part Of the letter of
ex-senator KING, Of Georgia, which it
quotes.---Nat. Int.
From the Richmond Enquirer of Saturday.
We have examined the present Sab.
Treasury Bill. 1t is a stronger meas
ure than the bill of the extra session.
In spreading Mr.. CALuoUN's principle
over sac years instead of FOUR, it is SO
far milder in easing off the banks. In
permitting payments at Washington,
and issuing certificates to be received
for the public lands, it softens the re-
QUESTIONS of the specie circular. But
II embraces the feature of Receivers
General, which was not found in the
former bill. This an important inno-
walton in our system of finance. 1t in
PRODUCES new class of officers, for pre-
serUing the customs, distinct from the
officers of collection. We fear this
would be only the entering wedge. 1t
is the mustard seed, as Mr.. R1vEs called
the former bill. 1t has already expan-
ded from Collectors to Receivers, and
who shall say that it shall not further
expand from four Receivers to twenty
or fifty? In fact, who shall stop the
augmentation of tax-receivers under
the administration of some future am
bilious President? If Boston and New
York and Charleston, and ST. Louis,
are to be honored with a Receiver
General, why may not Philadelphia,
and Baltimore, and Portland, and 9th
or commercial towns, claim, at 10 dis
tant day, a similar distinction? This
bill also prov ides for a similar set of
Bank Commissioners, to travel through
the country to inspect the condition of
the banks, which the former bill dirac-
ted to be appointed.
After this comparative view Of the
two bills, why should we add, that as
we could not support the first, we can
not, of course, support the last? Must
we go over the ground We took before7
Must we enumerate the objections with
which we have so frequently bored the
Public!
This bill increases the Executive pat
ronage by the appointment of Rcceiv-
Bank Missionaries, and
by placing the public funds more imme-
diately under the control Of officers aP-
pointed by and removable by the Pres
ident.
1t makes those funds more insecure
than they would be in the banks, sub
Jet to the draft Of the Treasurer of the
United States, with all the checks of
the Treasury Department.
1t distinguishes the money of the
country from that of the Government,
by refusing, after the expiration of six
years, to receive any thing but hard
or Government paper. This
system has been frequently objected to
and lately in a letter published week
ago in Augusta, from the pen of j. P.
KING, the ex-senator of Georgia, from
which we make the following extract:
sit is almost amusing to see how in-
'dustriously the advocates of this scheme
ARE looking out for precedents. Hav-
ing encouraged US by an introduction
'to ancient Rome, under her Qu8stors
Ito Spain, Turkey, and to France,
under Napoleon, / see we are now
led into Germany, and especially re-
commended to some of those ducal
States once forming the COnfederacy
of the Rhine. 1t is true, they have IN
Spain, Turkey, &c. as well as Ger
many, something like the sub-Treasu>
Try, hard-money system; and they make
also, some other Sub-services and ma
my other hard things, that shall never
he introduced into America, if can
help it. readily agree, too with those
who state the fact, that this system may
work better and easier, in the little
States of Germany, than any where
else. 1t has been wittily remarked of
'onc of these dueal sovereigns, that
when his hisilness shook his wig he
.hc powdered his whole kingdom; and
as for his Majesty's treasury, / pre-
sumo he might very conveniently keep
ii In his own brooches pocket, and dis
'burse it with his own royal land.
"IfI-could have patience 10 associate
'our young and vigorous country,
marching with giants stride to the
highest destiny of. nations, with the
'despotism, misery, and poverty ofthose
whom we are called on TO initiate, l
would probably dwell longer on anal
togy. As it is, will do little more
than add, that mons Of these sub Trea-