Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-01-19

shame in it all, is heightened when brought "a
bout by criminal measures. Let the picture OF
poor Rathburn,a above be ever before men who,
like hun, have plunged into rash speculations to
make a fortune. Be conented with a comor |
bic living, avoid avarice be industrious and eco
nomical, and disgrace and unhappincss will be |
strangers III your house.
From the New York Courier and Enquirer
Mr. Woodbury's Sub Treasury and Penten-
fiary Blu.-The Globe and the administration con-
tinue to press their project of the Sub Treasury;
hoping to make 1t by the introduction Of
"ignominious punshments," ard the exclusion of
the specie clause, which MIR. Calhoun hut short
time since considered the vitality of the bill.
Dvested of all nonsense of independence of the
people, and dependence on banks, this whole mat
ter resolves itself into a question of the relative
security Of individuals and Corporations as fis-
cal agents of the government. 1t is very we'll to
dcclaim, generaIizo and speculate the divorce
of the Treasury from souiiess Corporations, but
| this question is not to be determined on the COM
mon places of the demagogue, but on the lessons
Of long experience and the evidence of repeated
experiment.
On the suspension Of specie payments, Gen
cral Jackson issued from the Hermitage a docu-
ment in which he lnveighed against the treachery
OF the banks; accusing them In the strongest
| terms Of having broken their faith with the gov
eminent, and lost all claims the confidence Of
the people. Mr.. Senator Wright forthwith took
the cue from the General, and appealed to Con-
gross the failure Of 'souess Corpora tons to
make trial of individual agents.' The govern
ment has djusted its accounts with the 'soulless
Corporations, and the issue has been, that not
dollar is lost to ,ha Treasury. The banks have
paid up given security for every dollar of their
dues. But how is it with the individual agents
OF the government; tho agents who have souls,
and we're therefore, in the opinion of the Sena-
tor so much more suitable repositories Of the
public money! How is it with Mr.. Swartwout
and Mr.. Pricef How is it with the hundreds of
detauting postmasters, defauting land agents,
and detauting officers Of the revenue in all its
departmental In his last report Mr.. Secretary
Woodbury.. with his usual sincerity and good faith
gives US a list of the losses sustained by the gov
eminent from state banks prior to the year 1887
They amount to about Sl,OOO,OO0. Why has
not the honest Secretary appended list of the
indy ldual defaications that have occurred since
: the year 1890? This would have been much
more german to the matter; md would have de
= monstrated that tho adminstr lion has lost more
money by single ,ndiv idual agent than by al
>. the 'soulless corporations which it has employees
;. for the last half century. 1t would have added
: another proof to the vast amount of testmon,
adduced by this same Secretary q few year
since, 10 prove that these very State banks wer
the safest, the most convenient, the mos
economical fiscal agent ever employed by tn
e government.
k 1t is worse than idle, it is insulting, for tn
government to continue to urge its wretche
n scheme upon Congress, il has been four time
p rejected by that body, and twice summariiy re
rs jected hv the whole people! What has beccn
lie of Mr. Van Buren's old regard for popular opn
he ion? Where is the difference with which h
u once pretended to bow 10 the popular will?
OF thore any subject which that will and tina
IN opinion have been more conclusively expresse
r than on this very project Of a Sub Treasury
~ Where will Mr.. Van Buren, find in our histor
any subject that has been more fairly adiudcate
Mt before the national trihunals7 b. do .
E. rehiqe his old SANDER against the citizens {
as New York, that they had been 'bougnt BY tn
re banks' Had this foul charge been true,
Is, would have become a man who stood in the pos
as ton which Mr.. Van Buren, occupies towards ih
DIT people OF this State, 70 have drawn over it tn
pc mantle Of oblivion. But he has placed it upo
record. The archive of Congress and of tn
Executive department preserve the atrocious ca
jimmy. and will preserve ii to the latest time,
as the everlasting disgrace of the urgratefu an
n miserable caumniator
or But where will the administration now turn e
81 an apology for thus defying the popular will,
ut cannot deny-It cannot blind itself the countr
,g TO the fact, that the will of the people, which III
Id der our institutions ought to be the sovereis
n law, is utterly opposed TO the Sub-treasury
q that will 10 be changed because the ingenuity
nj Mr. Woodbury. has overloaded his system wi,
Of land dungeons and pententiary punishment:
d. Are these features to recommend ii TO the fave
in OF a republican peoples II is well remarked b
I'd a distinguished French orator. that the accumul:
I'd ION of laws is the most striking evidence of tn
er progress of corruption. Is il because the Peop
q are no more corrupt than they were twenty yea,
1t ago. tina: we need all this additional and odiou
I'd legislation! Oris it because tho Government
rs moro corrupt, and because it appoints more col
r ruptible agents to office!
There is no need. we are fully persuaded. q
e the legislation recommended by Mr.. Woodbury.
J. under any honest and compe,en, head of III
treasury. Its because the Secretary has occr
Is pied himself more industriouslv in dew i.ns ne,
v laws. than in executing old ones. that all the evil
c Of which the people complain, have occurred