The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-10-11

he SO earnestly recommended @ Judg
Black.
The next step IN the Hon Senator's Il
siocination Is Is sheV tie identity 0f b
bank and the present Sub. IFeasuI
scheme.
should do him injustice not 70 give b
own words on this point:
us fiscal agency, deno1ainQted by 10
.Je9eraon, Gen Jackson and myself g
buak, IS nothing more Than tke Indepen
q Treasury BIZ, crcept III al ne biIl, non pro
! posed 81 tie democratic party, q strippe
ll'of eDer feature 81 a bank e can Re
ceive no individual deposites, sell no ex
chang make no loans 81 discounts, and Is
sue no currency. IS not then as nov
proposed. 60 Government bans as designa
ted by hlf Preutiss, nor bank Of any des
.lcriptIon, but simply fiscal agency, % Re
ceiYe, disburse and remit The public mo
news. Such IS The Sub Feasnry bill d
now advocated by me, but even 4 the form
ackson. would with some modification
pre- fer Il now, as did il 1884. Us an alter
native Is the State bank deposite system
There might be some objections to boil
systems; but the Independent Treasury Bill
even as adyoca ted By me I'd 1884 IS much
less Objectionable than the State bank sys.
tenn Where then is Tie alledged change
Of opiniong
! will tell the Hon Senator where IS this
alledged change Of opinion. Ii March 1884
be was ID favor Of s'tke creation b q bank
to supply currencg. Now be IS opposed
to creating bank to supply general cur
reney His party deny the right q the
Federal Government to create bank for
that purpose. The great arguInent ii iapor
|of the Sub Treasury is, that II does not sup
ply general currency that i has nothing
to do with.the currency, but IS purely q
measure Of coustody and safe keeping Of
the public revenues
The Hon Senator's own inmitable afglI-
ment TO prove his consistency shall serve me
10 prove his radical change Mark il well,
for # is q delicious morsel Of political logic.
Speaking of the bank recommended in his
letter 10 Judge Black, he saws:
" It's fiscal agency denoninated By Mr.
JeDerSon, General Jackson and myself, al
bank Is nothing more than the Independent
Treasury blu, except thai The Bill as non
proposed By the democratic party ie strip
ped b epery feature Of 3 bunk
Well done consistency and we'll done ar
gun1ent The bank advocated in 1634is
precisely like the SUBJ Treasury except that
the Treasury has not feature Of
bank about iti John looks precisely ike
James except that James has not single
feature of John about him But the Hon
Senator IS right bank To supply q gene.
raj currency, and the Sub Treasury scheme
IS be has explained II, ate precisely alike,
except that they have nothing III common.
But am not done with lie Hon Sena-
sor's consistency He was good wing when
he wrote the letter to Judge Black That
etler contains the whole doctrine for which I
he wings now contend ID relation 70 the
liking system; | am wiling 70 take L as
ny political text on that subject. The wings
10 not believe the State banks By thenl-
selves can sssuppsy and goUern tie general
;arrency They therefore think Congress
ought to sscreate g bank to supply g general
currency. Are not these the two great
md cardinal points of the which faith il re-
alton, 20 this natter9 yet both these these
positions extract from tie Hon. Senators
etfer
But the Hon Senator now says that he
lid differ from Gen. ] ackson on The subiect
'f the removal of the deposifes, and glo-
lies himself upon is being the On asea-
IRE that IS the State bank deposite systeTnl
i General Jackson's administration TO
Which be ever declared bis opposition; and
hat IS the 0rl5 me0snre of that great pa-
riot and Statesman now abandoned 81 him.
nd the Whole party am sorry 70 dis.
urb TINS pleasant halucinat ion By which the
Ion Senator has placed himself abOpe Gen.
ackson and the whole democratic paF j In
he scale of consistency and political per
ection. still contend that on the whole
question ofcunency, he was On the Isl Of
1arch 1884 good wing, advocating the
cry post tons which tile wings then pccu
ned and still contend for. His letter 81 hat
ate does not merely relate 10 the custody
{ revenue. bat covers The whole bank
INC question. de says, the public FoiceI
3adlY demands the restoration Of Tie depg.
tes now this IS an ex preston 81 opinion
S @ tl1e pEopet custody 81 Tie public mo
eY, and Is the only part of Tie letter WHICH
Sc connected with die question 81 Tie
Iab reasntg Bid lie gees on anf lhe
ablic voice demands some thing more
Ian Sc Testo lion Of The deposls s9Ines
an more lhan be e custody q sAe pub
6 none demands The restoration s.
le diposiles and ne creating ba4t
aDIE sral cencg not meEsl
ank 70 bold lie public b
n to supply general currency leE Pc