The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1839-10-10
P0I.ETIC AL.
Fom tie Natioaai Iafe2igeaeer.
TIE INDEPENDENT TREASURY


Ion Dallv Advertiser mas undertaken, IN
series OF essays written IN the argumenta-
tive and- dlspassionate manner BY which
that isurnal Is characterized. to review the
merits OF what mas usually been termed
the Wb- Tredsurp scheme, which, II Is APP
parent fram late Indications, the Admins.
traiIJn IA, not abandoned lis intention, II
in rs power, TO tasteu upon the country
AGdu h We concur IN opinion with these
Na5 consider tals measure not more ob-
HaNlaus than others of the distinctive prin-
Cp'es Of the Administration, a developed
m lis practice, we are Vet glad 10 tind that
So able . writer as he II the Advertiser
has undertaken To analyze and illustrate
A.: fer. m dong 80, at tins moment, when
lis revival Is threatened, he IS rendering
service 10 M country.
The third number Of the series of Es-
say to which we refer is that to which
Ne propose to invite the attention Of our
readers. ln the two preceding ESSAYS,
the lnconvenlences To which the Public
would b subjected in reference 10 receipts
from, or payments 10, the United States,
by the operation Of this system, had been
discussed gneeHeeniences consisting chief
II IN the departure which tins system re-
quires from the customary aud universally
established modes of dong business; in
IT, depuyIng both public debtors and pub
lie creditors Of facilities, by means Of dis
counts, winch were habltually afforded I'm.
der the Old system, through the agency of
the 1epo~iilng banks: and us ablurng the
w. u bank notes to any useful purpose IN
the making q payments, and requiring al
payments to be made either exclusively IN
Specie. or Ia such hank notes as will be
immediately converted INTO specie.
In the number now before Us No. Ill
the disadvantages IF the system. as affect
ing the interests Of the Government and Of
the country are considered as follows:
Ii vii Dc admitted. We presume. that
-.ae objections which we have thus stated
Dr. Of considerable force, but It VIII BE-
coptended that they are ottNe,.rl,..d by tb..
pretended ADVANTAGES r the nrw system.
Tn o1a~tion therefore arises MI az.
III, sefr.54,agss. rfai or n,.tead,3 # ,Be
10. Treasuru system i've answer. that
there are NO real ADVANTAGES. and Ne .haf,
en8 aavsr b s4l9w that t6a pretepac3 al.
vaHfae.s E-c tII4~tr,-. t.arag1,a tbay aro
a4Ned "a 4 Il =. ASSUMPTION of fcfs.
T. pretended a.Iyanfa Re. are ina, tine
l. uaaaelt Treasury system renders tb,.
pa1e uaneFs more secure. and that Ia.
i ton teaey In atrzipee INTO GENERAL gse
Ia the COUNTRY a specie or h8r,l.n,aney rpr.
n er III ~. we tral.ega. are al The al.
ya13t-eS winch il ha. ever been pretended
a. De b. derived from the new system !:
All sa =sls. undertake to show
: Isl. IHat Il Is not true that the hide.
po4-eat Treasury system viii render the
r8afc uazHEs more secure and
sd Tat 10 afFanta res can result
ea4sr = mo & yer4ueat ~ 20 the Pubic
a. .arae trm aay attempt ~ introduce in.
% asaazls ne q specie currency.
a l1a a--t II these propositions Is more
Intimately connected RIta aH4ther branch
u gIs s4asee' winch wa propose to- treat
hereafter, se shaI a#Gfne ourseiye. fsr
the eee~eut a. j consideration Of the Hf.t.
4 ! tsea maintained IL TIT friends Of
l. Ind psalen Treas4r taat the aI9p-
laa Ct NAT s. s.am, Use iaadla. feature of
rea IS b as -ee the q !, raraeut from
the banks. vii render the pubic money
q = a.c, b belagp placed iathe Immediate
e q 44ss.s Il til G seranent, in.
s.e-3 q beng Ia t3a custody ii baua.
leeau-e tAls>s ms aad 10 iaet do falt. that
2. become as.h5geat y bankrupt bat
tast accent. II TIE . ,aumeH. entrusted
officers a.sa tae ca-t.ay ii tue
alaat, eaHBat become Ge.inaaeat
sl e,ts aud win 50, commit.
~ a aet a4se4 il IS proposed shall b.
g #caI enactment. fel9ay. tslu.
.saag.t 5s Imprisonment al hard labor FIR
ffaa lgo b is years. II proof Of the
position hat rlaa- iz.l, and raae fail agan.
ft'#eleei i g e T. me actual e0yerlepce
q a tereue1i ii past Years. such.
80 Believe. t- III whole sub .ance IF the
argument IN favor Of tae independent 'rFca.
Erfra. FFs=.sgt.E s.s. %