Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1839-05-18

are pending against only two, on ac-
count Of their liabilities"
According to this. nothing has been
lost since 1884 by banks. How much
by sub-Treasurers'-The same report
says:
Thirdly. The eventual losses sustain
ed from receivers and collectors, while,
as part of the bank deposite system.
they were collecting the public funds, to
be afterwards placed for safe-keeping in
banks, were. at the last session, estimat-
ed at sum ranging from 100000 10
S1.2O0,0O0.
collateral security had generally
been taken Of these officers; but, in for
mer times. it was not always in so large
amounts, and with so great care as OF
late, and Consequently most of the fore
going losses happened many years ago.
"A list OF all those officers who, on the
18th Of October, 1887, the time desig-
mated in the resolution of the House of
Representatives. stood on the books of
the Treasury as having neglected to set
tic their accounts in season, may be seen,
with the amount charged to each, IN the
printed report made on the 18th of jan
uary last, doc. No. 1i1) But several
of these were not then actually indebt-
ed to the United States, though, having
neglected to adjust their accounts at the
Treasury, they came within the express
words of the resolution, and consequent
ly were included"
Here, sir. you may Judge of the truth
and Justice Of this officers reports He
reports losses by receivers and collectors
at from 100000 to 81 ,2OO,00O only,
when we know that the defalcations of
Swartwout alone exceed the largest sum.
Sir, the banks are to be blamed whether
they lost or embezzled the public moneys
or not; but the only sin of sub-Treasu-
rers is in being caught! They may
pick and steal at pleasure, but they are
especially TO beware of detection. The
Administration says as to them: ''Bet-
ter let it be!'' Phillips even intimates
that it is all owing to the banks! Sir,
the last inquiry is: what are to be the
and effects of these defal- |
cations!
| have nothing TO say now, as to the |
public morals or public credit. They |
subjects above these times. No, sir,
no. learn what is to be the effect here
here only-by listening to the Admin
shout of those old, WORKOUT.
humbug watchwords ..Economyi Re-
trenchment! Reform After the Pres
ident and Secretary have permitted all
the public money to be stolen; after
thew have stimulated and encourage
the Government and the People to the
utmost extravaganza after raising ex
penditures to forty millions, and crea-
ting another public debt, they now, from
necessity, prudently recommend to our
patience and selcdenial a becoming
economy that is the word.
The fact is, they must starve and be
lisgraced unless they reduce expendi-
lures. They turn, now, from election
eering with the public money, after it is
Ill spent, and electioneer in turn with
The watch word. econ0my!-ecOnOmy And
upon what is this economy to fall?
What objects are to be made the vic.
Tins of defalcations and financial bank
ruptcya
Sir, we are told by Mr.. Secretary
hat some of the most beneficent appro-
priations ire to be arrested. The States
we're led to expect that they would re-
ceive the fourth instalment of your dis
tribution act--an act, by the bye, for
which | never voted. but would now ex-
ecute to The letter. Why Because you,
by your own voluntary legislation, led
them to expect the facilities which the |
act afforded, for the promotion of their
systems of internal improvement and
and they have been led TO
legislate on the faith of your action
here. Now, we are told, their hopes
must be disappointed, their systems of
moral and physical Improvement ares
ted. and the ordinary appropriations
here to like objects must be stopped. and |
why? Because the ofice-holders~ have |
and run off with the public |
treasurers!
And, sir, the system of lighthouses is |
to be destroyed, i'll conformity with the |
policy and interest of this Administra-
tion--to put out the lights. The eyes
of commerce are to be put out or blinded, |
to support the extravaganza and profit |
gacy and frauds of office-holders! Sir, |
during the past disastrous fall season on
the Atlantic coast, the shores of my dis |
trict have been literally strewn with |
wrecks from the raging deep. A few
days before | left home, 100000 dol
lars worth, at least, of dry goods, was
floating on the sand beaches of North
ampton County. Virginia, from the
wreck of single brig. For years
had been endeavoring to have light |
house put near the very spot where this |
vessel bilged upon the bar. large |
cargo of cotton. and several other |
came ashore. TO remind us |
daily of the improvements necessary |
on our coast TO protect life and property. |
A star of the ocean is needed on almost |
every pron,ontory. as much as the north |
star in the vault of the sky; but they |
are all to be diinmed, and never to give |
light To the ca-bcaten mariner. because
Swartwout and Price and Gratoit, ct I'd
omne genus. have carried off the means |
of buying the lamps!
This is not all. The widows and |
orphans of your Revolutionary heroes
and patriots are to be deprived of their
bread earned by patriotic toll. All pen
siosss are 10 be stopped for the sake of
parasites and public plunderers. The