Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-15

tive different currencies Of unequal value. And how
admirably did the whole system, during the 40 years
OF Its existence move and work /! And on the TWO
unfortunate occasions Of Its csasing 10 exist now
quickly did the business and transactions OF the coun
Try nun into wild disorder and utter conflson!
Hitherto, have considered this new proJect a. u
Is, according TO its true nature and character ana
what it must inevitably become. have not sxami-
ned it il is not but its friends would represent II
to be. They hold out the idea that u IS simple cen
trvance 10 collect TO keep, and to dsOurse the pubic
revenue. In that view of H. every consideration OF
safety and security recommends the agency OF re-
sponsible corporations, rather than the employment
of particular individuals. 1t has been shown, dunng
the course of this debate that the amount which has
been lost by the defacatlon of individuals has exceed
ed three or four times the of all that has been
lost by the local banks, although the sums conhded
10 the care of individuals have not been probably one
tenth part Of the amount that has been in the cuso
DIV Of the local banks. And we all know that, during
the forty years OF existence of the two Banks of the
United States, not one cect was lost OF the public re-
| venue
have been curious Mr.. President to know whence
this idea of receivers general derived. 1t has
been supposed to have been borrowed from France.
Ii repaired all the power of that most extraordinary
man that ever lived, Napoleon Bonaparte, when he
was in his meridian of greatness to dlsplace the far
mers general, and to substitute in their place the re-
celvers general This new system requires, think
have heard it stated something like 100 600 employ
ees to have it executed. And, Notwithstanding The
modesty OF the instant promises of this new project
have no doubt that ultimately we shall have to en-
ploy number OF persons approxlmating 10 mat
which is retained in France That will undoubtedly
be the whenever shall revive the system OF
internal taxation. In France, what reconclled them
10 The system was that Napoleon first and the Bour
bons afterwards, were pleased with the immense
patronage which II gave them. They liked to have
| 100000 dependents TO add strength to the throne
which had been recently constructed or reascended
| j thought, however, the learned chairman of the
Committee of Finance must have had some other be-
he Erpuc
accordingly, upon looking into Smith history of his
own State, found that when 1t was yet colony,
seme century and half ago; and when its present
noble capital still retained the name of New Amster-
dam, the historian says" Among the principal laws
enacted mt this session, may mention that for es-
tabshing the revenue which was drawn into prece-
dent. The sums raised by il were made payable into
the hands Of the general and issued by the
Governors warrant. BY this means the governor
became, for season, independent Of the people, and
hence we find frequent instances OF the Assem-
bes contending with him for the discharge of debts
to private PERSONS contracted the faith Of the GO
verr ment." The then governor of the colony was a
man of great violence Of tsmpei and arbitrary in his
conduct How the sub-treasury system OF that day
operated, the same historian informs Us in subse-
quent part Of his work. The revenue" he says
Established the last year, was at this session CONT
nued five years longer than was originally intended
This was rendering the Governor independent of the
people. For at that day the Assembly had no trea-
sure but the amount OF all taxes went Of course in
ed by the Crown. Out of this fund, moneys were
only issuable by the Governors warrant that
ny officer in. the government from Mr.. Blalthwait,
who drew annually five per cent out Of the revenue,
as auditor general down to the meanest servant of
thepablic became dependent solely on the Governor.
And hence we find the House, at the close Of every
session. humbly addressing his Exceency for the tn
fling wages Of their own clerks" And Mr.. Presi-
dent, If this should unhappily pass the day
may come when the Senate of the United States will
have humbly to impore some future President Of the
United States TO grant it money TO pay the wages Of
its own sergeant at arms and door-keeper.
Who, Mr.. President, are the most conspicuous OF,
who perseverngly pressed this bill upon Congress and
the American people2 Its drawer tho distinguish
ed gentleman in the white house not far of its en-
dorser is the distinguished Senator from South Caro-
lima, here present. What the drawer thinks OF the
endorser his cautious reserve and sed enmity, pre-
vents Ms from knowing. But the frankness of the
endorser has net left in the ignorance with
respect to his opinion of the drawer He has often
expressed il upon the floor Of the Senate On
casien not very distant, denying to him any of the
nobler qualities of tho royal beast of the forest he at
rbued TO him those which belong TO the most Graf
~, most skulking and one of the meanest Of the
quadrnped tribe. Mr. President, II is due TO mysefto
say that do no, altogether share with the Senator
from South Carolina in this opinion Of the President
of the United States. have always found him, in
his manners and deportment, civil, courteous, and
gentleuanly; and he dspenses in the noble mansion
which ne now occupies, one worthy the residence
Of the Chief Magistrate OF great people, generous
and liberal hospitality. An acquainta. with him of
more than twenty years duration, has inspired
with respect for the man. although regret 10 be
compelled TO say, detest the magistrate
The eloquent Senator from South Carolina has init.
mated that the Of my friends and myself in oppos
ing this BILL unpatriotc. and that ought have
followed in his lead and in late letter Of his he has
spoken of his alliance with us. and his motives for quit
ing IT, / cannot admit the justice Of his reproach.-
We united findeed there any alliance in the case
restrain the expansion Of Executive power;
the progress Of csrruption rebuke usurpa
ton 10 drive the Goths and Vandals from the capitol
TO expe Brennus and his horde from Rome, who when
he threw his sword into the scale augment the
som demanded from the mistress OF the world showed
his preference for gold that he hard money chief
tain Ii by the much valuable metal OF iron
that he driven from her gates And how often have
we witnessed the Senator from Souh Carolina, with
woul coun,enance and in dolefu strains pouring forth
touching and mournful eoquence the degeneracy OF
the times and the downward tendency Of the republic7
Day after day. in the Senate have the displays
OF his lofty and impassioned eloqueRce.
Although shared largely with the Senator in his APP
prehension for the purity OF institutions and the per
manency Of civil beriydsposed always to look the
brighter side ofhuman affairs sometimes inclined
hope that the vivid inag Of the Senator had
depicted the dangers by which enconpassed in
somewhat stronger colors than they justified The
dusus in whish So long engaged was
about termisste in glorious victory. The very object
for which the alliance formed. about be
complished At this critical moment the Senator left us
he le for the purpose Of preventing the o
he liz. ~. aL,.L u--