The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-03-30

Eltfe7eat enneneirs ~ uneqaal saior.
And nos admirably did the while sys-
ZEN. during The i0rsy years Of is exist
ence. move and wnrks And IN The two |
unflrlunaie occasions Of lis cessing 10 |
exist. haw quickly did the Business and
Transactions Of the country run into Wild
disorder and inter eonfDsi0ni
Hitherto. | have considered This new
project as II il. according 20 is true ma
tire and character. and Whst IL must IN
eFilsbly become. ! have not examined
il as il is NOT, but - lis friends would re-
present il 10 be. They hold out The idea
thai il is = simple eoniriVanee 10 eoileeI.
70 keep. and 10 disburse the public reye
nue.. In that view Of il. every conside-
ration Of safety and security recommends
the agency Of responsible corporations
rather ihan The employment Of particular
individuals. il has been shown. during
the course Of This debate. that The amount
which has been lost by the deialealion
Of individuals, has exceeded three or four
times the amount Of all thai has been lost
BY the local banks. although The sums
confided 10 the care Of individuals, have
not been probably one tenth part Of The
amount that has been in the custody OF
Ihe local banks. And we all know that,
during the forty years Of the existence OF
The lso Banks OF The United STATES, not
one cent was lost OF the public revenue.
have been curious, Mr.. President. 10
know whence this idea Of receivers gene
raj was derived. II has been supposed
10 have been borrowed from France. II
required all the power Of that most extra
ordinary man that ever lived, Napoleon
Bonaparle. when he was 10 his meridian
greatness, 10 displace the farmers gene
raj, and 10 substitute in their place the
receivers general. The new system re-
auires, / think have heard il stated,
sone,hinglike lOO, 900 employees 10 have
il executed. And. notwithstanding The
modes,y OF The infant promises Of this
new project, I have no doubt thai ulli-
mately We shall have 10 employ num-
Der Of persons spproximating TO that
which is retained in France. That will
undoubtedly be the case whenever we
shall revive the system Of internal taxa
lion. In France. what reconelled them
10 The system was that Napoleon first.
and the Bourbons afterwards, we're pleas
ed with the immense patronage which IL
gave them. They liked 10 have 100000
dea4ntlants to add strength TO The throne,
Wb.e' had been recently constructed or
re-,ssended. | thought, however, that
the learned chairman Of the committee oil
finance must have had some other beside
me French model for his receivers gene
raj; and accordingly. upon looking into
SmIlh's history OF his own state, found
that. when il was vel colony, some GEN.
iury and half ago, and when IFS present
noble capital sull retained the name Of
New Amsterdam. the historian says:
"Among the principal laws enacted q!
this session. We may mention that for es-
tablislling the revenue, which was drawn
into precedent. The sums raised by II
were mad epayable into the hands Of re-
ceiyers general. and issued by The Cover
por's warrant. BY this means the Cover
nor became. for season, independent oil
the people, and hence we find frequent
instances Of The Assemblies con,ending
with him fur the discharge Of debts to pri'
waite persons, contracted on the faith oil
the Government The then Governor
Of the colony was man OF great violence
Of temper. and arbitrary in his conduct
How the sub-ireasury system OF that day
operated. the same historian informs u:
in subsequent par. Of his work. "Th'
revenue" he says, " established the las
wear, was at this session continued fiv'
years longer than was originally intend
ed. This was rendering the GoverHo
Independent, Of the people. For, a, .ha
day. the Assembly had no treasure, bu
The amount Of all taxes went, Of course
into the hands OF the receiver general
who was appointed by the Grown. Gu
Of this fund, moneys were only issuabl
By The Governors warrant, SO that eve
rs officer in the government. from Mr.
BIaithwair, who drew annually FIVE pc
cent. out Of the revenue, as auditor gene
raj. dawn 10 the meanest servant III III
public, became dependent. solely. on th
Governor And hence we find the llous,
al the close Of every session, hnmbly AZ
dressing his exceilency, for the lrifin
wages pf their own clerk" And. Nj
President, # this measure should unhaI
pily pass. the day may come when III
Senate of the United States will has
humbIv o ,mpIore some future Presider
of Inc e tied States to grant il money |
pas III ,..ses of its own sergeant alarm
and door keeper.
VI. NJ. President, are the most col
spicnous Of those who perseyeriugly pres
sed tn, bill upos Congress and The Amer
can people! ltsdrawer is the distinguishe
gentleman in the white house no, far Of
lis endorser is the distinguished Senate
from South Carolina, here present. VIII;
,b Irawer thinks of The eodarser hi