The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-04-17

&Ae--.II HsANt
The most extraordinary testimony ever
adduced upon any subject was submitted q
the Senate 81 The q States 81 Mr. Wight
| ID January last, ID favor ofthe praclicabilisy
of ths sub-srsasury scheme. Il Is extfacrdi-
nary as coming from he ltisads of the mea.
sure, for, We declare moss positively, that
were veto writes regular net.tO arguments
against he plan, lie facts contained 10 this
testimony are the first that we should put
pen 10. And how Il ID entsnded II lapor
the measure i past our finding ont
The Secretary Of the Treasury correspon-
ded with our various ministers ii foreign
countries IS u the mode 81 conducting the
public finances q those governments. The
most important questions submitted are-in
i hat kind 81 money are as feyenues collect
ed and 81 whom IS the money kepta The IN
information Il obtainsd and reported II detail
% the Senate a above stated
Now. the objections 70 the Sub Treasury,
If We understand any thing about i, are
mainly that II gives the President too much
power. IN our government tho President
has no more powerthan private citizen ex-
cept the performaneeof assigned dntiesi and
any thing that gives him extensive indef-
mite authority, such as Is enjoyed BY the
heads Of arbitrary governments, il opposed
~ as . federal, anti-denocratic and tending
TO tyrany and consolidation. If 4 system Of
governmentinance similar 10 the Sub Trea-.
sury exists in arbitrary governments, why.
most assuredly, the example should not be-
followed By Ms. Do we wantsto clothe our
President with the. power Of q despot, aking
Ian emperor, duke Of ear, or any other
kind of arbitrary governor who rules bis peo-
ples Our government is, or is intended 70
be, unlike theirs in this very important par.
ticular; Here the people rule and there the
head Of the governmentru rules the pc ,ple.
But Ietzus look atthe report. Thirty i've
treasury departments are heard from, in va
rious countries throughout Europe Asia and.
Africa, from the Turkish Sultan down tollit-
tlepetty dukes and earls who but few peo-
pie ever heard of. of this number t,Oenty
tsOO collectthe revenues in paper and specie,
and thirteen in specie exclusively. In.tSen-
y seven the money is kept by government
treasurers and in eihgt BY Banks.
Here are facts extracted from the public
document above referred TO which now lies
before us. Who could want better testimo-
ny against the high handed and arbitrary
measure in question: Does it not strike the
mind ofevery man as conclusive2 In22 of
those. IS countries it appears that paper mo-
ney is received, But in only eight are banks
employed as repositories. In 81 the money
is kept BY the supreme governor and his de-
puties. And this-yes, and this is sought to
be copied by the people of a FREE nation.
Wemarvel greatly that this development
is made, at least from that quarter. It is our
very argumen: put in from US. II is
-because it's the practice in arbitrary govern
ments that the wings are opposed to putting
the public treasure in the hands of our Pre-
sident,and not because it is MOI. Tweniy segen
despotic rulers control the public purse as
well as the sword and Mr.. Van Buren, would
be the twenty-eighth. Yet with all the hue
and cry about specie they can find but thir-
teen places in foreign countries the world
over where public revenues are collected en-
tirely in specie, while within the same range
at twenty two Ploces paper money is receiv-
ed.
If any candid man affair seeing these facts,
can favour thesub-treasury scheme, in view
ofthe interests of THE PEOPLE of this country
we envy IA not his judgment or discretion.