Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-10-10
nnREss OF THE DEMOCRATIC
TATE RIGHTS ASSOCIATION OF
InWNDES TO THE PEOPLE OF
MISSISSIPPI
[C0aeiudsd.
[coaeiudsd. |
ruE INpEPENpENr TREAsURY:

THE INDEPENDENT TREASURY.
The democtacy Of our country have reason 10
l.. n,,ud of the triumph they have achieved over
hank arlslocracy OF the nation, III the passage
f.rHK INDEPRSDENr rRtAsURT Law. The
s,.cs.s of this measure Of /" delVsrancs aud
rhs,v from bank thraldom' we had As a bglgm
amen of the future prosperity aud permaneHcy Of
4, Union for ifthe national revenue continued
!, he deposited with banks State or National,
..,,al,cal reyulslons in the monetary affairs Of
ia country would occur that eventually must en-
hanger tho great structure OF our government,
INCH IS now the wonder and envy OF the world.
The great object Of an Independent Treasury
!, 10 keep the revenue Of the country separate
r,om banks, which have violated the trust repo-
AL IN them by The government and disregarded the
laws Of Inc country. and place II for safe keeping
wIh the officers Of the government who are dr..
rec,Iy responsible to the people, and are bound in
heavy bonds aud penalties for the faithful per.
tormauce oflher duties. Notwithstanding the
sv1sn, Justice aud sound national policy in which
this proposition was based, there has been no
measure introduced IN Congress since the lorna.
too Of the government that has'mst with such
uniring opposition a. the Independent Treasury
Bill. Every means that human ingenuity could
pysnt has been resorted TO BY the bank party to
defeat this measure: lis object has been perverted;
tsfeatres distorted into the most fr,ghfu shapes;
is advocates have been abused aud lnsuIted by
morcensry politicians and breling press; bul
Notwithstanding all these base means TO deceive
tbs people. they have rendered their final verdict
10 favor Of the Constitutional Treasury. We will
tha IF tha .nh uh. \
law aud will then answerthe arguments that whig
politicians have brought agaui il.
The Independent Treasury Law provides,
/" That there shall be prepared and provided with.
ia the new Treasury building now erecting at the
seat OF government suitable and convenient rooms
for the use ofthe Treasurer of the United States,
biz assistants and CLERKS and sufficient, and Sc
cure fire proof vaults and safes, for the keeping
Of the public monies in the possession and under
Ihs immediate control of the said Treasurer -
which said rooms, vaults, and safes, are hereby
constituted aud declared 10 be, the Treasury OF
the United States. Aud the said Treasurer of
The United States shal keep all the public monies
winch shall come to his hands in the Treasury of
The United States, as hereby constituted, until the
same are drawn therefrom according TO law" II
ito be collected ia gold and silver from the 30lh of
June $780, and that each year thereafter an ad.
dItonal fourth shall be collected IN like manner
until ,ae 30th Of June 1913, when all the dues OF
The government must be paid il gold or silver
CON. IN the interim between 1870 aud '43 thai
portion OF the revenue that is moi paid in gold and
silver will DC received in the notes Of specie pay.
ing banks. II provides that tho revenue shall be
received and discussed by the officers of the gov.
eumeni and for this purpose there have been
Tour officers appointed called Receivers General
ol Public Money. These officers are located as
follows one in New York, one in Boston. one
charleston and one IN St Louis: those OF New
York, Boston and Charleston are to be provided
with rooms, vaults s. IN the Custom House in
nose cities belonging to the government, and "a
suitable building Is 10 be erected in ST. Louis for
The Receiver of that district. The duties of the
Receivers General are to receive the public re.
uenue from Marshals, District Attorneys Recelv.
eTs OF Land Offices and others that assist in col
Nclng the same, and to hold the money subject
% 'he drafts OF the Secretary OF the Treasury
LIE IFeasurers ofthe Mint at Philadelphia and
81 lhe branch mint at New Orleans aTe required
10 addition TO their other duties, TO act as Receiv.
CTS General in their respective districts. The
Receiver General" of New York is to receive
salary OF four thousand dollars per annum, and
nose located in Boston Charleston and ST. Loui.
Sfe TO receive salary of two thousand five hun.
uled dollars each. The Treasurer Of the MIN
rhIladelphla 10 10 receive five hundred dollar.
ana The President of the branch Mint a, New Or
ean' Is to receive one thousand dollars per an
mum Tor the additional services they will render
Ine Receivers General as well as all othe
O'nce's engaged in collecting or dIsbursing th'
"'enue' are bound in heavy bonds for The faithful
performance OF their duties aud the Secretary
%0 treasury can at any time, with the consen, 0
ue President, increase the bond Of every Recciv
as or discussing officer Of the Government /,
Saalever amount he may think the safety of th
pubic money requires. Another salutary proyis
on Of this law is, that if airy Of the officers of III
government shall convert TO his own use, il
aay way whatever, or shall use by way of invest
a'n' IN any kind of property or msrchandze, o
'san leave, @Ith or without interest, any portio
we public moneys nIusted TO him for SAT
A'eplng, disbursement, transfer, or for any othe
puipOse, every such act shall be deemed and ad
!Seesd TO be an embezzlement Of so much Of III
sa'O moneys as shall be thus taken, converted, IN
,'',ec' used, or loaned, which is hereby declare
90 felony, and any officer or agent of III
o""eo States, and all persons advising or part
t'paung IN such aci, being convicted thereof be
any court ofthe United States Of Competer
5-'sOctIon. shall be sentenced to mprsonmel
Term ofnot less than six months, nor mot
oS aa I'VE years, and to fine equal to the amour
VI we money embezzled."
Such' fellow citizens, is the simple, safe anC
SSonom'cal plan for keeping the public Tevenu
Opeo oy the democratic party, which was fiji
asgesied by the ilhstrious Jefferson.
IsIs VI 1ne objections to the Independent Treasur
h, upon which every Wing orator in the Unlo
ung The echoes--is ''that the establishment
g., sufy Independent Of banks, would be, in {
III. unite the purse and the sword IN the han,