Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-09-28

AttlslHt-t of mc treasury proper exec " 10 cbe-
aeuce % q law OF Congress, aHd oa a warrant Of
ihe Secretary ol che Trelsury The President
Cau1ai dnw bis Dan salary. except 20 this manner.
Tie might remove one officer and APPOINT ano-
liner, and VI, De could NOT approach any nearer
iac money unless yll suppose the President, The
Secretary, aud 90 the suburduaics would yoiunta-
riiy subject themselves to penal punishment, aud
lhe heads 10 Impeachment likewise. Besides, If
lhe President Secretary Of the Treasury, and the /
officers ol his department were couup enough TO 1
emb, zzle tho money, the fact Of as being m the /
banks would pfesent no obstacle. DRAFT could |
be drawn, and the banks would have no discFe-
ton but to pay. 4 bank could no; discriminate "a
to aha, drafts to pay. lit were he object Of the
President 10 posses. himself Of tho public funds
Mrongfuy, be could do so from The Golfers Of
National Bank, With az hundred fold more iaclll. !
| ~, than from the custody Of the Government
agents. In the FIRST place the chance Of corrupt.
ing the leading officers Of one or thirty banks,
would be much greater than Of numerous Govern
menl agents, aud from a National Bank the whole
| public lunds, might be drawn on a single draft,
4 whereas the Sub Treasures woudbe scattered all
over the Union, presenting N itself Incompnrably
greater difficulty, 10 say nothing Of having 10 SON
tend with so many Independent wills, among some
Of which even our opponents would admit de-
gree OF honest obslinncy would be likely 10 be
found. 1.-THE President regulates his conduct by
the laws, the Sub. Treasury places him no neaier
the money & disposed to obtain an unlawful con
troll Of il, the the Independent Treasury throws Tar
, more obstacles in his way Than a bank or banks.
Such, fellow citizens, is the simple, safe and
. economical plan for keeping and discussing me
public revenue proposed by tho present admins
| traion a plan which is denounced as every thing
holtd, dangerous and waslelul Of he public mo-
ney a system which We are constantly toldb by
(. the wing politicians, tho American people have
not integrity enough to execute, but that they must
G be placed under the guardianship Of II bank
Q Adopt a bank. and how stands the question OF
y executive patronage The twenty-five pet banks
4 proposed, or the National Bank and lts twenty
Q five branches, il has been estimated, would not
d have less than hundred officers aud slockhold-
q ers EACH distributed throughout the Union, ma
n king in oil twenty five hundred, liable TO the iniii-
,f ence resulting from the custody VI The public mo
II ncy The report Of the United States Bank m
Il July 1881. shows that there were four thousand
e, one hundred and fony.fyo stockholders IN ihai
}. bank, and there probably never would DO less u
re any National Bank which might be chartered -
Il Compare the influence oflhls large number OF De.
n pcndenis and interested men, with the lonf new
n officers and ten additional clerks OF tue sub''reas'
\. ury, aud say on which side lios the danger lhe
~ officers and stockholders Of the bnuk or banks,
n, which have the use Of the public money are dl.
h. reey ir;cresled in supporting the party and adj
A. minstralion that gives il to them, and besides the
10 personal influence welded by these men, there rs
i. all the influence which the banks obtain by the
no distribution Of their loans and discounts on poll'
~ cal grounds. You have often been told by the
~ epnos,,ion of the immense influence OF The pet
IA banks in this way, md lou know the immense
mower which the late United States Bankwelded
he IN opposing the measures of the administration OF
,e Gen. Jackson. The DOMINION II obtained Over
or the commercial community, the presses Il sao''
Ter DICED, the counsel it fed, the number Of members
W. Of CONGRESS il made oups to. together with tht
M distress and pnnlcs Il produced to coerce tho coun
ey Try into u restoration Of the deposltcs and re
a. ucwal Of its charter, ave familiar 10 the public
M The influence of executive officers is but stray
IN the balance, when compared with the iremen
in. dous power of National Bank, controlling III
Der finances, exchanges, commerce and business I
ia. the whole Union, upon which the commercl'
the classes are dependent for loans discounts and !,
- cihties in business, which can fix the price OF PR
cts perty nj pleasure throughout the county.
cts Behold the professional men that this Insult
ico ton feeds, and the numerous presses which il HI
csc owned, employed and supported TO influence II
est politics Of tho country, and then declare whe
an lays the power Of patronage ind influence,
SIN Who win have the folly TO set up this overgrov
out power against the increase OF Executive ntluenc
which OH annual distribution of twenty -four tho
I.,i ,fh ola.
produce This is all that Il can be Justly COZ
pared with, Tor the influence Of the present Office
wy must remain, whether they keep the public mon,
y or net.
i, H. EFFECTS or rus SUB.TREASuRY AN
= =, THE BANK UPON THE GENERA
IRE. CURRENCY.
al The democratic party do not admit that Co
pos. yi9ss has any power 10 regulate directly the loo
,aln. currency, and even The advocates OF nation
than bank place this authority only on the ground Of
Give incident to the collection Of the revenue or an
nav cden, TO some other power.
thus by the sub treasury it is proposed to cole
hole and dsbutse the revenue ii specie, So ar as
Sub. general government hus any power over the ST
nry jet, Il Is proposed TO make good currency,
the States create banks which afford II bad c
,eN- Tehcy, congress mas no l'Shl 10 ieelsale WIN
no. gard to state institutions to prescribe state CT
cep. rency The government plescrlbes a sound c,
dol rency for lis own purposes, and sets the examI
! the 10 the States.
the The effect which the sub-easury will haveu
and on the local banks, will be highly beneficial,
D. Is one Ct the most suenuously urged arguments
lated favor Of National Bank, that il restralns the
n tho sues d tho state banks but National Ba
much often over issues ITSELF and then it loses this 20
lafcd CT II continually expands and contracts its
com sues there Is therefore no uniformity in lis
,pen ton on the state banks. II alternately stimua
nlled them to over action, by IFS own practice and
been ample, and then forces them to sometimes ri