The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-10-04

s.s .s'.1 ..ss.s+s s'.tsts1 q et=..S q .5
gre neither nof huge
land ere ont 81 ba reael At snel s. So
and di.| ven sTa lie pa
riment tried do0bta d haazoldops
may be- But hos ac are poor. 81 ii. III b
or ERE aAsstsslea lks D ssose sho az
ln aebi. cannot zzsgd tie experiment. Be-
cause, aos ldi has lie hole seriel
of financial perinenls which have prece.
Ided i ID the last ten wears. II IS crpra4s ia
RUIN rnra.
AK. " alker's lenguage above quoted s
true. + vas spoken, however, is reference
and II opposition % lemons Man 81 ezclu.
sive gold aud silver currency which he and
all the party recognise as one and the same
hing with ths Sub Treasury plan.
The Independent treasury Bill.
The administration partizans protsss 70
agree with the general desire, that there
shall be nothing like union Of the purse
and sword The Chief Of the Executive
Department: They both profess ond feel IN
comp Opising hostility % each pnd every
Bank and the Banking Systemsa at larg e.
Eel uF for moment ,exa anime the Indepen
dent Treasury Bill proposed for adoption
and more particularly observe how i TALES
with tie above stated professions and feeling
Of Che Executive o. which Is the same
thing the government party.
First There are from view Of The Whole
Blu seven grand receivers aud repositories
of the public money, VIZ tie four Receivers
Genera. Che United States Treasurer, the
Mint q PhiIadelphi and the Branch Mint
e New Orleans. By Section 81 these and
Ell others connected with Tie management
and custody 81 the Revenue, are So far IS
other laws may warrant, to obey any Of the
Executive Departments. Thus The National
Treasury is jumBled up with the other ex-
ecutive organs each Of the other Ministers
are allowed to put finger 81 The pie, and
70 exert control, not through the medium
Of the Secretary of the Treasury, but direct
control over the various underings Of the
Treasury system This, 70 say the least,
does not evince that simplicity Of design,
which accords with The eapediency Of COM
mon sense
Secondl The seven grand fanctionaries
are 70 give bonds in such form and amounts
as the Secretary 81 the Treasury. 81 and
with the advice Of Tue President may desig-
nate see Section Z. Here IS palpable
union between the Purse and Sword when
It IS remembered chat the President may, as
heretofore At will displace men from Office.
a man, like General Jackson, would seldom
fail to designate the form and amount Of the
bond according 70 ms opinion Of his friends
rity--to the strength and character Of
his personal fs.iendslip. What injury the
nation Nigh sustain in the course Of very
short space Of time, from such President,
isincalculable This simple ugges:ion must
surely I'll every thinking man with dread.
The sureties are to be taken to tie satisfac-
ton Of he Solicitor 81 the Treasury alone
instead Of to Che satisfaction Of the Secretary
of the Treasury, adyised by the Solicitor.
Here Is an important power Of great rnagni
sude vested ID al underling, whom the very
nod 81 the President may control. Minor
officers, and all other repositories than the
seven functionaries already mentioned, and
who are to constitute the FIVE loaves and
two fishes, wherewith the President may
without necessarily throwing sufficient res.
possibility on the said flnctionaries, Or seri
ously impairing or consuming the said ioave:
and fishes. feed, IN the almost plenitude q
corruption, his favored subjects. Minor off.
GERS and allother repositories. when fequir.
ed sby the Secretary Of the Treasury e give
bond, are, by Sect. s placed. II regard &
both Tie sum and surely Of the bond, nndel
the exclusive control Of The above mention.
ca Solicitor 81 Che Treasury. This Office
who might, with no little propriety, be term
ed 6 Chancellor Of tie Erchecquer, "
think, will surely come near being glustes
with power. He will necessarily constitute
most admirable and boundless medium
through which the President and Secretar!
of the Treasury may exercise their Patronagl
Just as they please. Besides, the Solicito
Is an officer heretofore So little thought Of 3!
tie people, that The vast mine Of powe
placed il him. stands il some measure
hidden from tie public gaze. and known Of
as vel as used, quite exclusively by hi
supporters. the President and the Minister Q
Finance.
"a regard q he Banks We find T pre-
sciibed in Section u, tllat when The amour
of money accumulated d The hands 81 az
other depository than the chief officers
he ssoea ipients 70 Eich we have refer
red. shall 81 an time kceed the amount 9
such other deposit bond d shall e
any cause be deem "a 81 Tie SscKe ~
Gle Treasury unsafe b the hands Of sue
minor Officer or depository and shall "a
81 desirable 70 transfer such accumulate
u other place 81 posise then and
that event the amount 81 money may ,