Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-08-30
{ Rcmoindtr in our mort

TREASURY NOTES AND THE TREASURY DEPARTMENT
II is amusing to see the thnris OF The Opposition
press to assign bnt the true causss over
banking aud overhorrowing by the States for the scar
city of money on the seahOard. The Express CORES
pondent of the National lniegencer, with the profit
gate Evening Star and all that race harp scarce
any thing else but the wckedness IF The Treasury De-
partment n ahstractng money from New York b; loans
recently made there through Treasury notes, and would
fain induce the community 10 believe that this Is the
great scarce of pecuniary embarrassment We know
little the suhjrc, personally, but We ask the people TO
mark the plain and conclusive reiu'ation OF The "hoe
of this charge in The disclosed in public documents
published during the present year
II will be seen by the last monthly statements,
10 Treasury notes, that have hepn ssnrd, nnd
hence that nothing has been borrow I'd there
49, IN, since June and but little since May
The Government loans On Treasury notes, rendered
necessary BY indugences given 10 the merchants and
the banks instead Of being increased within The present
year. appear 10 have bee diminished three millions
of dollars since the frs, Of January See the printed
statements on the lst January and The LIST August
3 The whole new Treasury notes issued this year,
and held in all parts Of The Union appear by the last
statements 10 be between three and four Millions and
only two and half millions of which claimed by The
newspapers TO be held in New York. Now about three
million Of dollars appear, within the same time, 10 have
been paid out OF the Treasury 10 redeem old notes and
most Of which, il is well know has been paid in lhot
city-the common centre of exchanges and rrmtances
80 that the Treasury would seem 10 have paid out
there half million for old Treasury notes,
than II IS pretended has been borrowed there by H.
new ones, during the whole year. What monstrous
drain! and what wicked oppression What admirable
guides III financial matters such Opposition Editors
Globe.
TREASURY NOTES AND A CERTAIN "EDirURs
CORRESPONDENCE"
In tins mornings National ln,egencer, is the follow
ing tissue Of mlsre pre.ents,ons the Of 1rea
sury notes, and wan,on attack upon The statements Of
this press purportng TO be from the Editors Correspon
dencs. We recomme nd to the Editor hereafter To muz.
zle his correspondent, leach him to adhere l,le
strictly TO truth.
Here is The extract:
"A proper commentary upon the mischiev ous effect
Of the hypo,hecaton OF Treasury in Wall street
to raise bank bills is the fact that the Govennrn, used
these bills last week. thus obtained, to sweep the banks
OF 100 600 dollars in specie for export TO the Mpdi,.r
ranpan. Ih,s Is one comment upon the remarks of
Friday Globe on this subject Another comment is
the belief, II not the ac-nnd faci think il ia, bu,
cannot aver to be-ihnt the Treasury notes which are
paid for duties al the custom house ore put in bark ngan
then renves'ed, then repaid duties apan and thus
irresponsible cycle il KEEP, up Of which The public
can know little or nothing.
"The Globe statement is wilfully blind one This
cycle, If Kept up, test of what The Treasury is do.
ing The iSsaes Of Treasury notes are no test Of the
reissues Printed statements indications Of rrea.
sury operations"