Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-01-10
Messrs. Thomas, WISE Menifse. and o.

Messrs. Thomas. WISE Menifec. and o.
thc,s, lssg
Mr. Lesare expressed his astonishmen,
thatany oppnsitluu should be ,nuuo 10 ,i,e
motion to print the extra copies. For IN,
part, he was anxious Tie whole suu,ec,
should Ds ueiore The people, tor them to de-
eide on whose ncad The Condemnation
ought 10 iall.
Mr.. wise contended that the Secretary
"i lne ireasury had already Decu cuuv,ct
ed ny MIR Prentiss ol gross neglect anu
moral dtsliuhcsty, ana ne, Mr.. ". would
impcucn INN ucioro the SENATE. when
there should De tho least chance Of having
ialr hearing. Alter runuuc,op m ,ni,
straln until he Decunir h0arse, aui uuoiin
the sacred scriptures Ia The most reyuit,u.
nianuef, lie resumed his seat.
Mr.. hoinds suggested mat the gentle.
mau nad uettef ,nahc specific charges IT.
against the SECRETARY, rather ln.,n ,eai IN
general inVeclive. as The latter would then
then have sUuic chancc vi uetuIIuluu ui1n.
sell.
Alter some brief remarks irolnAli Boom.
without TAXI & the Question the House
adJuurued.
Annung the Executive Communication,
received last evening, was ii report iron,
Tie SECRETARY oi Tie l'redsury In reply 10
the Resolutions Ut MIR. Nlvcs, reIatiGu Il,
The sale Ol UOuds, &c. 10 The u. >. Bank
IL states that owing 10 The want OF a guar
.auty ny tic UuIled States, lnal tue bonds
would be pald ny The i:ank, II was lounu
i'npraciica0le 10 ciiccta sale i'll Paris or
London, On the terms ~ cscrib,d NV Law
IL was also found IuIpractlcaJic 10 sell
:.
hndinS that tho amount OF one of ,h,
bonds was necessary tor the use Of Gov
ernmcnt, ana that The sale of 1t siuoiy.
could no where else tie elected. suId II To-
the u. states Bank, dis a mater OF ,b,o
iutc necessity on tie Isl ri August, 1885 -
Lie amount vi II was entered pu the books
oi Inc bank, To The credit OF the y. States
lreasuret; and 1t was stipulated thai nav
hient Shoui' DC HI'tde ''In specie or lis equiv
aleht. he sdle 0i tho other hon was
also afterwards elected, and arrangement,
were made with lie bank, TO pay the public
creditors at certain poIuts IN drafts on ,nr
-. states treasurer, IN specie or lis euuly
alcnI.
IL is presumed this report will explain
the Whole H'aiier, and show that The sale,
were effected from absolute necessity. II
was ordered 10 be printed.
The following Preamble und Resolutions oi
Mr. Howard. OH the currency, were passed by
the Georgia Legislature.
WHEREAS. the question of dispensing
win banks as thc uSeuts ui the Govern.
hcnt III Tie collection AMI disbursement, of
the fuoic ke'enuc, aud tie accompany.
Jug queston oil the Currency most propcr
u DC employed IN the fiscal upcratiuu, of
'he Government, are both OF ay, aliuy
and exciting character. rs we'll as Ui rr,ai
Importance IN thcif consequences, II be
comes the right lani under the c,rcun
81 inces ol tue rAciIelneu,) the dut, of ,nv
" neral Assembly, 10 express lreei, their
OpluIons IN relation tU BON branches OF Tins
important SUBJECT. lhe independent
Treasury, or sub Treasury system, com
monl 80 called, involves Two uu.,,ions.
eacho OF great importance, but wholly indie.
pendent lile first has for it's object, The.
'isfee OF Bank aud Estate, or au- entire
disconuectiom Of the banks with its reyen
uc. ine second seeks To delermn. and
establish the KIND AM character of the
currency. most sale anu CONVENIENT ana
least oppressive 10 the people.
In regard to The ilrsl, We, the represen.
tatives OF the people ol Georgia. iniiucn-
ceh ~ u seItieu CONVICTION of the uucun.
s'itutionality III Cml-d States Bank, and
'"r It's incxpedien,y also, should deem II
extremely lnpuil,ic To entertain any lon
ger The IDEA oi such an institution ever be-
coming the fiscal agent OF the Government.
we are equally orpused to the Intr0duc-
non VI the local ianks rs agents or .ie e,m,sl-
tories, 0f the public funds us well to avoid
'he Influence ot that exlraurdinary paIron.
age resulting 10 the appointing power
from such coIuectiun, whether that power
be suffered To rest with the Executive or
taken into the hands Of Congress, az to
prevent the unavoidable tendency of such
system from swelling the revenue TO an
unnecessary aud dangerous extent, produ-
eng fluctuations in trade aud prices, not
only ny the increase of the revenue, but
from the changes frequently made of those
corporations "a deposituries and agent, of
The public nnncy. Properly rejecting
both of these agents for various other good
reasons not necessary 10 he set forth, ms il
necessarily results that the Government
must cOn'iuct.h fiscal transactions thro,
the agency of her own officers, appoiuted
for mat especial purpose.
lhcre are but lew systems which can
lay claim to perfection. and as imperfect as
the Sub Treasury system may be, yetun-
der proper guards, with its drlails prrlec-
ted, we believe il the best system whic
has yet been devised for the general good.
In devisng aud discussing the plans hes,
calculated to secure safety to the revenue,
aud convenience to tho Government and
It's people, il should nol he overlooked that in
this widely extended conicdcracy Il clrcu-
lati"n is demanded. and very much nee
ded, that will maintain equal value through