The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-07-21
FOR THE MADsoNIAN
PROPHECY, PRODIGALITY, AND PUBLIC
DOCUMENTS.
No. 3.


PROPHECY, PRODIGALITY, AND PUBLIC
DOCUMENTS.
No. g.
Solitary and alone, ! set this ball in motion"
" 1 he system works well y
The irrefutabe objection to the " Sub-treasury"
urged by its enlightened opponents that il creates
currency for The office holders and another for the
people, is abundantly sustained by Senate documents
Nos 528 and 500, Of 9th June 1910. (Reports Of Sc
cretary Of Var answering inquiry relative to pay
ments of Government creditors in deprecated cur
rency)
The horrible fact of United States Bank notes ha
wing been recently paid Government creditors under
me sanction Of the Secretary Of the Treasury! and
that they were Landed by disbursng officers " as
ceptable specie" " and in so !" has
been noticed in previous communication, and will
again be coroboraed by further quotations from these
exquisite Documents"
| The ludicrous light in which the qudeks Of Gorern-
ment placed before the people by these "reports"
must amuse, il not that their general import is to
alarm and disgust the nation by view of " the sys-
tenn working in fraud and corruption predicted by
ablest statesmen. In spite Of the lamentations
here and elsewhere" the Sub-tredsury" though
thrice rejected by the people, may have been made
ready for their stubborn necks through the obdurate
dctation of partisan President to his party For
it is not for moment expected Of Mr.. Van Buren,
that the valid constitutional objection to the bill
having originated in the forbidden branch of the egs-
laure, &c will be applied to this sink swim
by such strict construconists" would veto
National Bank, though this is thought possess in
common with Treasury notes" all of its faults and
none of its virtues,
| Now therefore, that this obnoxious measure may be
consummated will he at least in one respect initiate
! y, ~iSrst
man consus Will he neither take himself nor permit
his friends to have the custody of the Treasury Will
he leave the stoord" the purse in the hands of
the people of the Legislature? That Martin Van
Buren, "b,e party" of selfstyled democracts
will do this is a preposterous supposition. A little
while longer, however, and by reclamation, the YER
dict of an indignant and oppressed people will have
"Obged the State to tack nbout
" And turn them root and branch all out "
The nation will have the fnflments prophccied
evil The party cannot now prevent its develop
ment even in their public documents" however they
may obstruct the spread of information through pen
stoned press and post office machinery The confess
sions of these documents may be of useful reference
OF Nos. 52S and 500, it may be remarked that the
evasons are palpable. General rumor and newspaper
paragraphs establish the fact of public creditors being
paid in "depreciated currency These Documents con
tess it throughout. Pet banks figure the medium
of this imposition. The Bank of Missouri page Ia
THE Moyamensng Bank" p ,, &c.-"The
Bank of Charleston 5. c., &c p 3, &c.-thc latter
especially, share "hc Spoiis" For whose benefit the
half confessed and half concealed "dference of err
change" exists, whether for the dsbursng officer or
for the /" Sub-treasury," does not appear.
1t is not expected of /" OGeiais' that they should
crimnate themselves--nor did Sir Hu,libras Humbug
propose the answer should nculpate this immaculate
administration Nevertheless, Glasgow and Harrison,
contractors state that they received from disbursing
officer $4,000 in Treasury drafs "upon ,ohich they
rere charged and hdT per cent. premium -
See Document 52s, p AZ. AT page II, of Doc. No
529, the ordnance Office acknowledges +" that the
Government is credited with r ,697 76 as the net
amount Of premiums on 800 900 Of Treasury drafts
sold in November last by the Paymaster at Harpers
Ferry Armory.
| 1t will be above, that two cases are cited of a
premium on the "bettcr currency" being retained by
the officer" or The Government and the public ere
ditors stabbed of with deprecated currency Of
course. The people will understand these transac-
tons, though they may not know their extent nor
comprehend TO what part of the drorcd Sub-treaSury
system they belong.
| Whether Mr.. Woodbury. takes 'the premium" as
an eIeemosenary fund for certain mcndicant 'organ
or, as his friend Mr. Pctrikin said of the "Lion and
Jackass fund charity TO the Treasury itself does
not appear from the " documents" Certain ii is no
legal provision exists for its reception into the u s.
Treasury, any more than presents from foreign
prince potcatate"
At page l6, document 52o-an "agcnt' of the En-
gincer Department though il would seem he paid out
through the Moyamensing Bank, appreciated cur
rency 10 Government creditors fires at the systems
being applied to has " Sc per diem and demands Of
the Department, such funds as the regulation d
reefs I"
Others again, are not SO fortunate, and can get moth
ing but "deprecidted currency for their Treasury
Draffs"-these, the public creditors will excuse
Thus at page u, document BIS an United States
agent states, :" the Treasury drafts which have
ceycd have been receivers collectors, and banks
in different sections of the Union which rendered il
impossible for me 10 conrert them into specie iriGou
much expense, which, was adrised By The Depart
,neRf could not be allowed me