Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-05-06
UB-TREASURY IN VIRGINIA.

A writer in the Winchester Virginian gives 10 the
Sub Treasury advocates and to the " sink swim"
s.nllemcn severe rap over the knucklcs. lie sug-
sess that al the session of the Firg mia Less-
,ure awbe passed, requiring hat all State shall
be paid in specie, and that van be created IN the
Capi,ol at Richmond, where the revenue shall be
kept under the care and contlol Of the Treasurer
lie asserts that this scheme is more practicable in
the State than in the General aforementioned we
unite with him, therefore, in asking, why shall it not
be adopted, il. its advocates aIlege, Is the best
possible financial system lie adds
"The sheriff may fnd il announcement TO carry the
revenue TO Richmond specie and The officers oil
government dsbursc ii. But il the S3e 600 600 can
be collected and disbursed in specie over the wide
eres Of the United States, the state OF Virginia
oe1 more readily collect and dsbu,se $500, 600.
l.o:rmay be said that the people will not trust
their revenue in the hands Of the State treasurer
that melancholy experience in the deialcat0ns Of
Preston and Baker has given us practical demonsra-
uoa Of danger. and has Inclined the legislature to
change the old law, and require il 10 be deposited IN
The banks in Richmond. But tins risk be Oh
naed by making improper use oil the public money
apeniteniary offence SO At least the advocates Of
the Sub Treasury bill in Congress inform us. And
dthe will be safe in the hands uf the hosts
federal officers most Of whom cannot be personal
known TO the president, who appoints them. it will
he safer in the hands Of treasurer Of Virginia, APP
pointed by the Ia gisa,ure. 1t will be said that the
present plan Of collecting, keeping, aud disbursng
The public money in Virginia very well, aud
IN the language Of Gov. Hendricks, we had "bet,c,
lett be-"
But ii must not be forgotten, that the circula,-
ing medium (which it is collected and discussed is
ogold and silver. but bank notes that the banks &
Stale must be drained-and that the banks. under the
present plan are permitted to loan out to the peo-
PIE the money which people have paid, until the
government wants ii. These objections arc Of i'm
mense moment, compared with which. the objec
"ons TO the Sub-Treasury are irihes light as air.
u not strange that not one OF the Sub Treasu
members Of the Legislature, not even IN the Loco
roco senate should have proposed it for adop
"on ny the State government So fan from II the,
passed law requiring the sheriff to accept notes o
me virginia banks Ii payment Of taxes, al tina
"nen eoliected' The money should be deposited 70
s"'e keeping in the Richmond banks Friends 9th,
plo, treasury scheme, advocates 70, the divorce
nsuS and State, where were We! Why did yo,
r : '.'s monstrous connection Of the government
""h'he banks You should have heen cousisen
S.as'' and insisted upon the Sub-T Treasury Tor tn
10y as well as for tile general government. Iol
So " carry out the figure. elect 10 man 10 tn
vea'u'e who will not be in favor Of adopting il II
III" eM'" IL you do not, you iun the risk of hayin
,on sn'e'ty OF your opinions doubted. and expos
Tr..s.' 70 me nnpuaIon OF supporting the Sub
Any,. 'Su'y scheme merely because 1t is a party mfa
Tue sober minded business men Of all parties
.h,,., PAUSE and reject. Is BOT the Sub Trcasur
'us' or sonc,hin. worse ?"