Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-01-10
Mes.rs. Thomas, WISE hIenifse. and ..

Messrs. Thomas, WISE Menifse. and O..
thuts, ri
Mr. LeSare expressed his nstonishment
that Hn y oPpIsition. should Dc inude 10 The
motion to pfint the extra copies. For hl,
part, he was anxiOus the whole suu,ec,
spOuid be before the people, for them 10 de-
eide on whose uead The cOndcluuLtion
ought 10 fiall.
Mr.. wise cOntended that the Secretary
oi Tue ireasury mad already Uecu convict
ed by MIR Prenllss of gross neglect anu
moral dishonesty. ana ne, Mr.. " :, would
impcuch hin Ueiore the Seuale, when
there should oe tho least chance vi having
q ialr hearing. Alter rumuuclup IN mi.
STRAIN until ne Decanir huarsc, au.i uno,iu
the sacred scriptures ~ ,ne most reyolt,n.
manner, tie resumed Ills seat.
hir. thulnas suggested tnat the 2cutle.
mau had better nndhc specific cuar.es d.
'agalnst lne Secretary, rather lnan Noai IN
scuerai invective. as The latter would then
then have sUuie chance vi uctuuuIuu uin-
seii.
without taki Z the question the House
adJ"urued.
Among the Executive Communication,
received last evening, was repurt lru.l
Tie SECRETARY oi Tue l'reasury In reply tu
Tie resolutions ot MIR. Gives, relatihg to
the sale ol bonds, &c. lo the Y. >. Bunk
IL states that owing tU Tue want Ui u guar.
.anty ny Tie United Sluic>, lnal The bonds
would be paid ny Tie Bank, II was Iound
iiipracticable 10 ciiecta sale at parl, or
London, On Tie teruis prescribed ny law.
II was also found iupraclIcablc 10 sell
thcin III 'his country, aud the Srcrclar,
hnuinS that the amount OF one of The
bonds was necessary Tor the use Of Gov
ernmcnt, anu that the sale of II ,iuoIv
could no where else lie elected. sulu II II,
the U. states Bank, as Il mater of ,,b,o
lutte Necessity on The lsl ui August, 1886 -
the amount vi II was entered .,u the u0vks
Oi the bank, To the credIi OF the L. S1n,cs
lreasureI; aud II was stipulated thai ua,-
neul should be uiide '.iu specie or lis cu,i,y
aleht.' ihe sdle ui the other bouI was
also afterwards elected, and arrauu,,,,.nl, ,
were made with lie banh, 10 paw the publ,c
creditors at certain I,OIu,s IA draft, ON ,n,.
y. States treasurer, IN specie or its euuly
acni.
IL Is presumed this report will explain
the whole muller, and show that The sales
were effected from absolute necessity. IL
was ordered 10 be printed.
Iha following Preamble und Resolutions oi
MIR. Howard, on the Carrcncy, were passed by
the georgia Legislature.
WHEREAS. the question of dispensing
with banks as The uscuts ui the Govern
meut III the collection aiiI disbursement of
the PunlIc Revenue, aud tie uccuupIny
lllf Sfl N nj
To be employed in The fiscal uperai,uus of
Tue Government, are both oi az, aliug
aud exciting character. as well as vi great
Importance IN thcIr consequences, II be-
comes the right laui under the circum
stances ol the rxcIicrnem,) the duty oi The
" neral Assembly, 10 express ireei, their
opinions IN relation 10 BON branches oi thus
important SUBJECT. lhe independent
Treasury, or sub Treasury system, com-
m0nly 50 called, involves Two questions.
each oi great importance, but wholly iude-
pendent lhe tirst has Tor its object, the
Of Bank aud state, or au en,ire
disconuection Of the banks with its reven-
ue. lhe SECOND seeks To determine and
establish the KIND aui character of the
CURRENCY, most sale ana CONVENIENT aud
least oppressive TO the people.
In regard 10 The nrsl, We, the represen-
tatives OF the people ol Georgia. iniiucn-
cen ~ seitieu convection Ui the uucun.
stitutionality oia United States Bank, and
l"r it1 incxpedien,y also, should deem II
extremely iinp"iliic 10 entertain any lon
ger The idea oi such an institution ever be-
c"inlne the fiscal agent of the Government.
we are equally uppused to the introduce
t'"t vi the local ianks as agents ar ,ic,u,s,.
tories, 0l The public funds lis well to avoid
me influence vi that extraordinary patron.
age, resulting 10 the appointing power
rom such connection, whether that power
be suffered To resi- with the Executive or
taken INTO the hands of Congress. as In
prevent The unavoidable tendency of sucb
"A system from swelling the revenue 10 an
unnecessary and dauserou, extent, produ-
eng fluctuations in trade and prices, not
only ny the Increase of the revenue. buf
from the changes frequently made of those
corporations a Repositories and agents of
the public money. Properly rejecting
both I'll these agents for various other good
reasons not necessary 10 he set forth, as il
necessarily results that the Government
must conduct,hcr fiscal transactions thro'
me agency of her own officers, appointed
Tor mat especial purpose.
There are but few systems which cnu
lay claim to perfection. and as npcrlect as
the Sub-Irasury system may he, vet un-
der proper guards, with its drlails prrCec
ted, we believe il the best system whic
has yet been devised for the general good.
In devising and discussing the plans bes,
calculated to secure safety to The revenue.
aud convenience to the Government and
It's people, III should mol bc overlooked that in
ih's wldcl y extended coniederacy IA clrcu-
'ati"n Is demanded. and very much nee
dfd' that will maintain equal value through