Litchfield enquirer., 1838-02-01
THE suD. rRr ,srRY sC;HENiE.

! THE SUB. sRr' ,suRY SCHEME. ,. Ihe ltsehracnd E". VI rr is nnreseEved in tsa q. ced in the bill lately fenorte h 'he Senate by its |. noncal carlnlitee. We cam H dO betier,. Eicfhaps fhan fo irans;-r to our com. ms pofen of iis re- ma .s upon this subject, wiifa mart ~ the eTaks ol Ex. .sennior King of Georxin, wln.h it q ''0!es. Ma. Inies.sxeEccr.
 Froo> he Richmond EHQairer of SGfHrdoy.N ,.,,
 We haye .xamined tle present Sub treasury ANil' It is stronger treasure than the bl oI tie extra lt Y sion. In spreash. Mir Calhouas principe over sta wears instead of h : it is so far nIlder IT easing o the banks. In permit. rg payments ai VIZ hngiJi and issuing certificates .> he receYed TOT ae puihlc lands il sosns ,he rcquis ITS o 'e nenot which was Got found in t!e f01A 9 a''S is nn ;I important innovation Tn Crr system "' "inn , .s ' trHduces new class of officers, for TTs> Us SW u t toms, distinct from the Gthcers of coiietSis this would be oy the entering wedge. H me mus iarl seed, Mr R:yes called the former biN> S .a already expanded from Collectors to Receivers, Nnu who shall say that it shall further expand from S Receivers to twenty fifty? in fact, ~ho shall stop the augmentation O tax-receiveIs under e adMinIs- trat!on 4t some future ambitious President? Bos- t.rl and New ork, and Charleston, and T. ,Loais nos Philadelphia, and Baltimore. and Portland, s"d other commercial towns claim at no distant day, liar set of Bank Commissioners, travel through the country to inspect the condition of the Banks, which the former bill directed to be appointed.
 :, Atler this comparative view of the two bills, wht
 
 we cannot, of course, support the last Must We go over the ground we took before Must we enumer- ate the objections with which we have so frequently bored the public?
 This bill increases the Executive patronage by the appointment of Receivers General, Bank Missiona- res, and by placing the public funds more immediate movable by the President.
 It makes those funds more insecure than they would be in the banks, subject to the draft of the the Treasury Department.
 Ii distinguishes the money of the country from that o the by refusing after the expiration of vernment paper. This system has hecn frequently objected to, and lately in letter published week ago in Augusta, from the pen ot J. r. king the ex- Senator of Georgia, from which We make the following extract:
 "Ii is almost amusing to see how ndustrously the advocates of this scheme are looking out for prece- dcnts Having encouraged us by m introduction to ancient Rome, under her Qu9stors-to Spain, Fur key, and to France, under Napoleon. see we gre now led into Germany, and especially recommended federacy of the Rhine. It is true, they have in Spain, Turkey, SSc. as well as Germany, something like the sub-Treasury hard-money system and they hardthings that shall never he introduced into Amer ica, if can hepit. readily agree, too, whth''se who state the fact that this system may work better and easier in the little states of Germany, than any where else: It has been wlttly remarked ot one of these dncal soveregns, that when his hghness shook his wig. he powdered his whole kingdom and astor
 
 venieniy keep it in his own brooches pocke and dis. purse it with his own royal hand"
 If could have patience to associate our young and vigorous country. marching with giant stride to the highest destiny of nations, with the dcspotsrn, misery. and poverty 0f those whom we are called on to in,l,ate, would probably dwell longer analogy. As it s will do little more than add, that none of these sub Treaenry hard-money Governments, great or small, are eyer troubled with any surplus and by the aid of pensions, salaries sinecures military dis of the receipts are generally dsbursed at the points where collected and little left to be transmitted to France and England, two of the most free and com merca nations of Europe silor no preeeden, for the France are received and disbursed by the Govern. ment officers. and know of no pena restriction upon she goes, perhaps something further in the use of bank paper. than we ever have: They receive, in pay. banks, Bank of England, and the banks of Scotland, through the agency of banks transmit alt balances to cate of lcpos,e in the Bank ofEngland becomes le. gal tender in Government transactions" ..af