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


from whom, hoold any one q ehanc.
70 aispla tge great % a4sciiap o h|
etls afio IS President
like an ise. Al siftleus. onlnip potent
omniplesent Beings would very eeflainlj
land very properly take care 81 he public
funds without permitting tie least injury o
ne same md pus them into SIS own pocketl
0s do llls worthy and wise Ioco-iocos, asao.
shsy cannot possibly believe any Bank 50
pure and safe tlleir sesen 1onden, jet
mink Z the best policy . persuasively
yield g ths strong popular affection for Tie
thanking Systems 50 fer as % suppose that
there nag be more honesty and safety ia d
Bang than il the underlings Of their nan-
lcial systen Probably al of these views
acting with confined force, created this
18th Section, hicI does less credit, perhaps,
% their consistency than policy admit
that they possess no ordinary skill ii the
way of double dealing and hypocrilical pro-
fession- and that they have not half tle
faith IL equal rights and equal honesty 81
men, to which they DANGEROUSLY pretend !.
And Che truth -four Impressions receives
mo little support from the 18th Section which
prescribes The terms and conditions on which
Bank may take = special deposite of Tie
National Treasure. Upon examining Sect.
l3 We find has entire confidence Il not
Eeposed il the Bank selected for the special
deposite, il is expressly directed is 70 bel
under the joint control 81 The Bank and
some desig mated Officer Of the Government,
Oh such other guards a. the Minister Of
Finance shall prefer. We also discover that
some doubt Of the depositiag officers enduT-
ing propriety Of conduct IS minated; for Il
IL further ordained that onothing but gold
Of silvers or such notes, bills Of paper issued
under tie authority Of the United States, as
may be directed BY law, to be received iii
payment Of the public dues, shall BE offered
for deposite, Oh received by the Bank as .
Edeposite: as if the depositing officer nigh
from ignorance Of Intentional Improperly,
offer aught else for deposite; and as If .
Bank outstanding al the party's out.
cry against the Banking System might Be
trusied to see that the officer offered ior de-
posite no other funds than those above de.
scribed The next portion Of Section 49,
compliH EMS the depository making the spe-
cial depOsite 50 far as 70 prescribe that the
Bank shall place the same 70 his credit; but
lit IS Immediately after provided that the
Bank shall not permit the Withdrawal Of any
part Of the special deposite without the ex-
press order Of the Secretary Of the Treasury
for The payment. Really, we may well doubt
the soundness Of either the heart Or head in
those who contrived such aconfilsed COM
plication Of checks and balances, as the In
dependent Treasury Bill exhibits. Those
who are conscious of not being trustworthy
themselves, are most apt to evince distrust-
fulness Id others But further examine
ton Of the Bill in question Sect. l6,) gives
iine sample Of the checks and balances in
tended 70 guard against dishonesty and
also informs Us that even NE sepen grand
Recipients are not, all Of them, ia the opin-
ion Of the trainers Of the Bill, entirely above
fear and suspicion The Receivers General
and the two MINIS are those of the seeen.
rendered BY Section 16, subject to peculiar
lcheck and eillance to be exercised quar-
Iterly BY other Government officers, The
precise effect expected 70 ensue from this,
we cannot clearly perceiYe: for, by the
terms Of the preceding 18th Section, the
amounts collected il the hands Of the Minis
and the Receivers General, may IS We have
aIready mentioned, be wholly and danger
ously too large for the value Of the bonds in
RESPECT Of amount and surety; and there is
no prescribed mode Of depriVing them 81
lsuch excess. The officers Of check and
surveillance in the way of quarterly exarni-
nation and report thereon to the Minister
81 Finance, cannot achieve this The Min-
Lister himself cannot transfer this too great
accumulation Of funds 70 Bank, 81 else
where, unless. perhaps, to the treasurer,
which would overload him, and render tie
Responsibility for the safe-keeping Of the
Public Revenue far less Efficient than BE.
fore. Weknow Of nothing else that, il taiis
Estate Of affairs, can be contemplated 81 Cts
party, than hope that some such President
General Jackson will boldly 81 i
tie peoples money --I am the epresentativs
{ tot DIE people an the people and VII
therefore put he money into my ozVn poke
for them and forthwith suit the action (
The word No doubt abundance Of mer
cenary parasites might be had IS aa.
{ almost assert they have existed IA reference
q the removal Of the deposites from the u
{ States Bank 70 sustain PIesidenl ia sucl
assertion and conduct. u Che spirit of de
+ ialcation continues unchanged, md Ell
! Treasury Bill bs adopted We are nol who'll.
/ disinclined 10 fear that the Officer Guard
and checks specified "a Section 10Th. W
/ scarcely pQt their surVeillancs q any 81
s other han t0 see that Gle Receivers Genera