Lexington union. (Lexington, Miss.) 1838-18??, 1840-07-18
THE INDEPENDENT TREASURY.

| a liz lNDi1i i'4'Dib-' a eHA~ASe y -
The bill for The establishment of an in.
dependent treasury has pissed both louses
of Congress, ard will shortly become a
law. The wings are of course ina par.
oxysm Of rage, and Glamour louder than
ever about the "union of purse and
sword" and executive RsurPaion, with
many like argsmeats,' such as they
usually resort to, to gull and deceive the
people.
From the very inception Of this great
and salutary measure Of financial reform
up to the presenttimc, lhcwhigs have been
bitter and Inscriptions ia their OPPOSITION
to it. They have, by tie most EllberaI
perversions Of its true objects, sought to
alarm the fears, and aroase the ptjndices
Of the people against it. IN fine, nS means,
no matter how reckless, have been left
untrled to defeat lis final passagcin Con
gress And why this relentless hostility
to measure SO loudly called for BY the ne
cessi,ies of,he countryi Isitindeed the un-
constitutional & dangerous measure which
the wings would persuade YOU is. What
are its objectsG 1t provides simply, that
the public money, which has heretofore
been deposited with the banks for safe
keeping and disbursement; shallin future
be collected, kept, ,and transferred from
point TO point, as j may be required 20
pay public creditor; by officers nominal
ed by the Presiden and confirmed by the
Senate. 1t provides for the appointment
Of four officers, L be called Receivers
General, whose Offices are to be located al
Boston, New Yek, Charleston and ST.
Louis besides tie treasurer Of tue mint al
Philadelphia, ard the treasurer OF the
branch mint at New O,leans, who with
the guards Of heavy official bonds, and
penal laws are required, in addition &c
their present duties, to peiform the duties
ofreceivers genera at theitrespective loca
lions; suitable oll.c ,s,orcv4led with the ne
cessary vaults, and fire-sal6s are TO be pro,
cured at eadh ofthosc places, and all thing.
done, which the wisdom ofnan can devise
to ensure the safety Of the public money
This is the sum and Substance Of The
Independent Treasury Bilgwhich the PEG
pie have been so often told, is to unite The
purse and sword ia the haads of the P.esi
dent, and destroy our free institutions for
ever; and are we to be seriously told tina
measure SO simple ia alt its details, anC
so practicable in all its oliects--is preg
nant with danger to the liberties Of tn,
country2--That officers nominated by tn,
President, and confirmed by the Senate
acting under the heaviest eGicini bonds
with the severest penal laws impending
over them, making Il felony to abstrac
even one iarthing Of the public none,
contraryRo law, are not aE safe deposito
ries Of the public MONEYS any Bank o
Banks, that may be selected for simila
purposes2
As for ourselves, we mutt be permitted
to say, however the wings may differ from
us In opinian--that we havsbut little con
fidence in The honesty Of Banks. They
have once been entrusted with The public
money, and all will bear witness, lha
they proved uniaithiul, md altogether un,
worthy Of continuance Of public conf
dence. We rust that we never shall
again witness the humiliating spectacle Of
a nation deprived Of her rssources--her
specie%-heF very Ii(c hlood IN naaao .,,t