The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-02-07

Of Vienna, distinguished as iriar in his own capital
that he might overlook the actions Of his people
my business IN this State
| Made me locker on, here, in Vienna:
| Where have seen corruption boil and bubble
Till Il oerun the stew. Lars for all faults,
But faults so eoanfeRanced that the statutes
Stand, like ioreits in BARRIERS shop,
And much IN mock as mark"
Pass any pains and penalties adopt any system Of
laws you please-Uhncd States Bank pet bank system,
Sub Tressury-snd let ask If either could be ex-
pected 10 work well in the hands OF such men who
" eounienance' such =" faults" Sir, told by
that philosopher IN government. VIM. Penn that the
best system will be as the worst badly administered by
bad men and that the system will be the best,
II nghleously administered by good men Yes, sir,
change OF men what Is wanled-a general turn out Of
| all iailhless trustees and servants.
must bring my remarks To a elose--I am aching
from my head TO my hips But, SIR did tell the truth
or fssehood IN 1885, Have the Executive Depart
ments been conducted with ability aud integrity Let
every honest man answer, Add tho deislcations OF
S~artwout. Price, GIatiot, Reckless, Boyd, Harris,
Linn-the whole list and tell me how much stolen
IN 1886 But, sir il is all 10 be thrown uEon the poor
i banks How much in default have the banks been T.
The Secretay's annual report says;
First list Of the banks still indebted to the United
States for defaults previous the close Of 1884,
Of which are believed to have given originally any col
lateral security, 10 annexed VI The whole amount
now due without computing interest. equals 900 676
dollars aud great part Of this must be regarded as
total loss.
Secondly. Another list Of indebted banks is
nexed, Of which gave collateral security IN T.
The remaining dues from them the Treasurer, de-
faults sccrung between 1884 and October 1887 though
al first very large have been reduced about 24O0
600; and most, If not all Of these debts with some
others, owing public discussing officers for money on
depose, 1t is confidently expected will in the end be
paid
!" The first instament due from those which have
since executed other bonds and gwen security,
der the act Of October, 1887, has been promptly met
and portions Of the second have already been advanced
by some Of them. Suits pending against only two
| Oh account Of their liabilities"
According TO this nothing has been lost since 1884
by banks. How much by Sub Treasurers! The same
repor: says
| Thirdly. The evenifu losses sustained from re-
ceiyers and collectors WHILE part Of the bank depo
site system, they collecting the public funds, 10 be
afterwards placed for safekeeping banks, at
the last session, estimated ranging from $780,,
| 900 to ST. 200 600
Collateral security had generally been taken OF these
| officers but in former times, it not always in so
| large amounts, and with great Of ale and
consequently mos. Of the foregoing losses happened ma
| ny years ago
"A lst Of all those officers who, the 18th Of Oc
ober, 1887 the time designated in the resolution OF the
House Of Representatives, stood on the books Of the
Treasury having neglected TO settle their accounts
u,
the printed report made the 18th OF January last,
doc. No. lll.) But several OF these were then
actually indebted to the United States, though, having
neglected to adjust their the Treasury, they
came within the express words of the resolution and
consequently were included"
Here. sir you may Judge of tho truth and justice Of
this officer reports He reports losses by receivers
and collectors at from 5000 600 to 81 100000 only
when know that the deiacatons Of Swsrt~out aono
exceed the largest sum Sir the banks be blamed
tb liz,
not but the only sin Of Sub Tredsurers is in being
caught! They may pick and steal at pleasure but they
especially betoare OF deieeon! The adminstra
ton says to them Better let it be" Phillips even
inmaes that it is all owing to the banks Sir the last
inquiry is what be the consequences and effects
OF these defacatonsl
have nothing to say now, as to the public morals or
public credit They subjects above these times
No, cir, learn what TO be the effect here-here
only-by listening TO the Administrators shout Of
those old, worn-out humbug wa,chwords " Economy,
Retrrnchrncni! Reform ~ After the President and
Secretary have permitted all the public money to be
stolen after they have stimulated and encouraged the
Government and the people to the utmost extravaganza
after raising expenditures to forty millions, and creating
another public debt, they now from necessity prudent
y recommend to patience and self becoming
economy! economy that is the word
The fact is. they and be dsgraced unless
they reduce expenditures They turn now from cleo
pioneering with the public money, after it is all spent,
and eeconeer with the watchward, economy =
economy! And upon what is this economy to fall =
What objects be made the victims Of defaca
and financial bankruptcy ,..
Sir. we are told by Mr. Secretary that some OF the
most benefcent appropriations are to be arrested The
States led to expect that they would receive the
fourth insalment Of your distribution act, by
the bye, for which never voted but would execute
to the letter. Why7 Because you, by your own
voluntary legislation, led them TO expect the facilities
which the afforded, for the promotion OF their stems
OF internal improvement and education, and they have
been led TO egsa,e the faith Of your action here.
Now, told, their hopes must be disappointed,
their systems Of moral and physical Improvement arrest
ed and the ordinary appropriations here to like objects
must be stopped, and why Because the Office
holders have squandered and run off with the public
treasures
And, sir, the system OF hight houses is to be de-
stroyed in conformity with the policy and interest OF
this adminstraton-topa t ont the lights. The eyes OF
commerce are to be put blinded to support the
extravaganza and prohgacy and frauds Of ohce-hodes'
Sir during the past disastrous fall the Allan
tic coast, the shores Of my district have been literally
strewn with icrerks from the raging deep few days
before left home, $50, 900 dollars worth at least of
dry goods was floating on the sand beaches OF North
ampton county, Virginia, from the wreck Of single
brig For years had been endeavoring have light
house put the very spot where this vessel blged
upon the bar. A large cargo Of cotton, and several
other wrecks, came ashore to remind daily Of the
improvements necessary on coast to protect life and
property star Of the is needed on almost
every ptomontory. as much as the north in the
vault Of the sky but they all TO be dimmed and
never 10 give light to the seabeaten mariner because
Swarwout and Price and Gratot, ct i'd omnc genus,
have carried off the means Of buying the lamps
This is not all The widows aud orphans Of your
Revolutionary heroes and patriots are be deprived of
their bread armed by patriotic toll All pensions are
to be stopped for the sake Of parasites and public plum
derers. The people to be denied all the blessings
and boons of their Govemmen,-and for what To
pamper your Pratorian bands, your egons, with the
| NJ uoni hyin and IN tor he