The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-06-13
1T - . NHtFNNEN -
To Msssrs. csmm. Pslieson, &c.
From the kaoIEille Register
COL. POI.k.

''Thspuhlic money has 90 PISS twice through
tie hands oi individuals, therefore the dsngers
u tue SUD treasury system saHnoi hs sN1id
ID" G.. palk sl Kasxrils
This is another error into which Col.
palk's inordinaie zeal 10 establish the
suh.Ireasury system has driven him.
We 1ally eOnuoverl The sentiment. and
deny thai under every system Of hnsnee
and even upon the credit system, the
public MONIES have necessarily 10 pass
twice through the hands Of individuals.
There may be such modification Of the
! finance system as wholly 10 dispense
With Individual responsibility in the
collection Of the public monies. Such
modification Was attempted 10 he gwen
the sub treasury Law - IL passed The last
Senate by Mr. l'sllhsdge of New York.
Although opposed throughoulto the Law,
YET believing il would pass, be wished 20
Ingrsh upon II q provision eslculaled 10
make IIs mischIels luss probable than
they w1ali be without such provision.
lie offered an amendment T. the effect. that
when the public monies should be depo-
siied in bank. thew should be deposited 10
the credit Of the Treasurer Of the United
States. but this reasonable requirement
vas rejected by a strictly parry vote.
The Van Buren, parry in the Senate To-
man voted against The amendment. Aud
We regard this vote as among The most
suspicious circumstances connected with
The whole history Of the sub.lreasury
system. Why. unless some sinister and
corrupt purpose was 10 be accomplished
through the sub ueasaTy. was lii, sa!u,arv
amendment rejected! IL did MT compel
the deposiie Of the monies IN bank, il only
PROVIDED that when such dtposito should
lie made, il should be liz The name Of HE
Treasurer, and Of course subject only To
his control. There seems To Us no as
signable motives FOR rejecting an amend
ment so safe, and every way proper and
reasonable. unless may be found in the
supposition that such . regulation threw
an impenelrable barrier between the
collectors, custom honse Officers. and
attorneys, and the public monies other.
wise accessible to them. 10 use as freely
aud fully as they might in advancing tie
Interest Of their friend. and party. L.. in
a Erea, measure, Tipped oil that strong
political arm OF tie system, which we
consider 50 dangerous. and through which
it is intended the public treasure aud the
patronage Of the government officers. shall
be exeued to control. a, the ballot box,
the destinies Of a party.
Nov suppose Mr.. fallmadee's amend |
ment had passed. would Col. Polk's
declaration be true in regard 10 monies
deposited in bank under IL! Certainly
not. The importer Of goods pays the
amount Of duties directly iuio snme bank.
and receives the Cashiers certificate that
such deposiIe has been made in the name
and 90 The credit Of the Treasurer Of the /
United States. This certificate Of de.
posile when delivered 10 The collector
entities the importer to a receipt Cor the /
amount OF duties, and authorizes him 10
land lbs goods. Until he furnishes such
receipt his goods are held in pledge for
The paymen, Of the duties. and he dare
not attempt TO discharge his cargo or dis.
pose Of his goods, without incurring the
heavy penalties prescribed by the laws on
this subject. Now where are the in.
tIividuaI hands through which the public
monies pass according to this arrange
menii The imported goods are held |
accountable for the duties until the amount |
~ deposited in bsnk to the credit ol the
Treasurer, and the instant the deposi,e is
made the bank in lis cnrpurate capacity.
evidenced by The certificate Of It's cashier,
Is bound III the gnSemmeHt for the sum