Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-07-24

The eappess of our system OF Government, CON-
pared with the monarchca systems ct the old world,
has been one Of its chief recommendations to the favor
or mankind This is OF its characteristics, which
eyerv Republican will strive 10 maintain lnIndIcous
legislation and the spirit of speculation IN merchandise
and public lands. had within lew OF Hin '"s years,
brought into the Treasury redundancy %! revenue
As natural consequence this influx has been followed
by lunse and cxrravagnnt appropriations ny congress
and an increased expenditure II is an inevitable law OF
our system OF Government and perhaps Di every other
that if it collects much il must expend much IL could
moi be- safely tolerated, If il were practicable, that The
Government should collect hundreds oil pIlIons from
the people be retained by il in the shape OF money or
property II must always expend what II COLLECTS. The
ONLY effective remedy, therefore, for an extravagant eS
lrndiure, is to reduce the supply. For the accom-.
pslnent of this great object, the country must look
To those who strive reduce the receipts OF the Co.
vernment to its absolute wants; 10 prevent extra'a
gancc by ithhod:ng the means; to preserve The pur'
ty of the public agents. by keeping them out OF tempa
ton to enforce economy by making Impossible Tor The
Government not 10 be economical
lis in vain 10 oppose little appropriations Of money,
when there are millions Of SUR us in the Treasury. II
there be surplus will be expended ana TO oe e1pend
ed il must be appropriated Keep the money out Of the
Treasury and leave it in the pockets Of the people It's
rghtfnl owners: mulitudrs Of Pr"e cs for expendlng
it would then never be thought Of aud others wonid
never be pressed
While therefore, we deem il the duty OF every Re
publican oppose unnecessary appropriations and ex:
pendturcs look proper regulation OF duties and
taxes to be levied and collected from the people, rs the
only cGecfire remedy and prerenre OF pubic e1rara
gance Duties on imported merchandise, though PAD IN
the first instance by the merchants finally out o The
pockets Of the people much filthy were direct tax
LAID on lands and personal properly We hold halt Inc
duty of Congress 10 ascertain, Us nearly as Paccaoe
what economical administration OF The Government
ought to cost to graduate the duties taxes, IN such
manner rs mot to produce surplus beyond that sum,
aud to vary them in conformity with that principle as
the changing circumstances Of the country may require
We hold that hen Congress establishes, or suffers 10
exist system of revenue which collects from the Peo'
pie more money than the public service, economically
managed necessarily requires, they pervert The TO-
vcrnrent from its object violate their duy 10 tnef
constituents and commit upon them the same wrong
which monarchs perpetratc upon their suh)ecls, VIE"
they seize Oh their money goods TO support unneceS
sary wars minister 10 their pleasures, their tastes OF
their passions.
Al present we have no surplus in the Treasury and
the reccpts Of the Government scarcely equal TO It's
necessary expenditures 1t our earnest desire and de
termination as far rs opinions and appropriate acts
can avail to cut off the possibility OF any surplus mere
after not by extending the expenditures hut by lessen
ing The receipts. And whenever the expenditures can
be essened elso without papab!e injury to the Pno'c
service we are in favor OF diminishing them, and the
receipts in equal degree; making our Government as
cheap to the people possible and as powerless lor
mischief as it shall be cheap in its administration.
We rejoice that many OF The recent great causes
of taxation arc fast disappearing The Public oeot Is
now fully paid and the people entirely relieved from
tina, burden The exlingushmrnt Of the Indian titles
10 lands within the States and Territories the removal
of the Indians the west of the Mississippi and The
Indian wars in which the United States have been re-
Gently engaged have necessarily produced great e1
pendlure Of the public treasure. These WILL no DOUBT
shortly be brought close and ths heavy drain upon
the Treasury OF the United States, Of course cease
and many other causes Of expenditures are rapidly ter
mina,ing.
One Of the strongest temptations for the collection Of
large revenues, and the continuance OF winch IS most
be guarded against. would be The depose OF the puo
lie money IN the banks.
If deposited in banks nominay Tor sale keeping, ont
really be lent out TO their customers the banks VIII
have an interest in swelling the amount, because BY lend
ing they receive profit upon IT, and their customers
viii have an interest in the policy; because they
can borrow money, and get more indulgence by IT,
By these means, money may he wronguily taken from
its true owners by the Government not tor the public
service but TO devoted prirac purposes ezcusirc
The people may be taxed that the banks may have
more money TO lend, and their customers more To
borrow We opposed 10 taxation for such purposes
We deny the right of the Government to take the money
the and hand II over to the banks to be used
hy them and their customers, IN their private transac
tons The taxing power not granted for such Pur
poses and when such its results, reform should be
the wachword of every Republican.
We are in favor Of such changes in our financial sys
tenn will eHectual!y prevent the Application o. The
public money private purposes The means ct accom-
pIishing this great rciorm OF less importance than
the end 10 I've obtained. We, however, perceive no
means so effective and certain TO lei The Government
keep its money, by the instrumentaIty OF It's own
officers who shall be put under bonds, with heavy
rites not 10 lend it, and IN addition, making 1t
hphIy penal in them do Ii is not perceived why
the Government cannot make its money as secure as
bank All the usual means OF security enjoyed by the
banks are within lis reach in addition 10 which, 1t has
absolute power the persons OF lis agents, which the
banks have Banks Cannot, by regulations, punish
their cashiers and clerks for ai,hessmess and crime with
the peniteDary otherwise; but the Government can
II NAV command all the buildings, walls, vaults bolts
and other safeguards which the banks can; and IN add
ton may dispose Of the personal liberty OF It's failess
agents according to its will expressed through Us egIsIa
tive and judicial authorities Why, them may It moi keep
s own nouey os safely the banks can keep theirs
tina, deposited with them: That il do so, under pro
Der rerua,ons is too obvious 10 be doubted Besides
al places where il might be convenient, the use OF
the bank buildings themselves could be secured, still
preserving the public money from private uses
WHY then, should not the Government keep its own
money? 1t objected that the keeping OF lis own mo-
new would dangerously increase the patronage OF the
Executive Is It possible any one can believe that The
appointment of ten twenty officers and clerks, in.
Wolves more extensive and dangerous Influence Than
the power directly affect the peCunlary Interests OF The
epb, thousand two hundred and ninety bank officers the
three hundred and seventeen thousand stockholders. and
the six hundred and fifty three thousand debtors! That
power the Executive has, long as he is authorised 10
place the public money banks Ia be lent out Tor private
PURPOSES Although all the banks cannot be deposilo
RES all think they find lherinieres in nson of the
credit system by The aid of the public money; and in ad
dion thereto, all are subject under such SYSTEM TO the
inuence Of hope and fear from the iavors frowns Of
the President Secretary of the Treasury. it is not
keerinr the public money that Government acquires
influence power but by spending or iendng 1t. One
man has million of dollars TO lend; another has mil
hon to keep, being forbidden 10 lend dollar of it
Which will be the most courted and have The most in
luence among his neighbors? The is too obvi.
% need suggestion. IL Is thus with the Executive.
f you would curtail this influence in the most efecual
manner, require him ine1bIy 10 keep the public money
for putiic purposes. you would extend his influence
the public money 10 be lent, by deposiing it
/ in banks or otherwise
The idea lhat The actual custody Of the public none