The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-03-13

pie al length glorIOusly come tojbe res
cue. The Senator 10 entirely mistaken /,
in supposiDg this bill TO- be unpopular.
10 every instance, during the ELECTORS
Of the last year, when the question Of Aa
Independent Treasury wss disunclly
made before the people, the result has
been either the election OF the Admins
iralion candidates. or greatly increas.
ed number OF votes in their favor. ID 10
not certain, that il the Congressional
elections ia those States which eIeclad
their members in 1885, had been posts
poned unth 1889, we should nov De in
triumphant majority 10 the other
HOusel The Wing party knowshiss
and am greatly Inlslakenin the s.gns
Eofthe tunes, ifihey have not. .asIsimln1
ed that this bill shall pass. They wilt
no longer give US the battle cry Of sn
Independent Treasury. The bill is des-
tined to bee ONE law during The press
ent session. ! prophesy 1t solely uooR
my opinion Of the sagacity ofthe Wing
party. 1t is possible may be mistaken
but II ] should, / shall have one conso-
lation in my disappointment. lfmy po-
litcal existence depended npon the re-
suit, Ishould rather have the success
Of the Independent Treasury identified
with the re-election ofMr Van Buren;
than any other argumeu. which can be-
used IN his favor. Ii alone would be
sufficient to defeat tie hero ofTIppeca-
noe rs.ee4.
Now, sir, great changes have taken
place 10 pdbIc opinion since September
1898. The prominent arguments then
urged upon this floor sgalnst the lude-
pendent Treasury bill have nearly all
vanished away. We now hear no moro
ofa system Of we'll regulated spse,o
paying Stale banks 10 act as Go'eIp-
ment depO.ilones. The halfway hou,e
has been abandoned. The a.commo,-
datIous there are no longer gos'd. lila
10 tulnous condition, and can no lon
ger shelter those who formerly took ref
uge in it, The banks have blown up
twice within little more than Two years,
aud thus blown this argument Of their
friends sky high No statesman, aiIer
our recent exper ence, would now think
of placing the peoples treasure with
The banks on general depUsile for safe
keeping.
Far different is the Indepe ndent
Treasury. 1t presents every guarantee
which can be affor ded for tho safety and
security Of The public money. Il will be
n the custody Of officsrs appointed by
the Goverenmen', responsible to the Gov
ernment, and punishable az felons for
every violation of their trust. 10 tho
day Oi danger, when the cuUn,ry is in
volved in war, the money will always
90 ready; and a. such crisis, the bBnks
would almost certainly suspend specie
payments. Besides, they are mere
State institutions, over which We have
no control; and they may when they
please, convert our money lGto rsgs,and
then place W al defiance. They ere be
| yond the reach of punishment under
our authority. The Federal Govern
ment cannot justly be considered inde-
pendent, Is we must resort 10 State
banks, or 10 any other poWei except
our own, for the purpose of keeping the
money raised from The people by ta1a-
ton, until it can be applied TO execute
the great powers conferred upon w by
The Constitution.
/ Again: public opinion has annihilaied
another argument against the lndeper =
dent Treasury. The Senator from
South Carolina, in March 1888, Mr..
Preston in his tenderness towards the
State banks, and for the purpose of en-
abling them to resume specie payments.
proposed that we should, for limited
period, receive their irredeemable paper
10 the payment Of dues TO the Govern
ment Of dues 10 the Government. Much
eloquence was also formerly wasted up
IN The extreme cruelty Of having one
currency for the Government and anOth
or for the people. Thank God! we hear
no more oi all this. No person now
contends that uuder any circumstances.
the Government ought TO receive dc .
precated paper. Such fantasies have
proved TOO light for earth. They have
risen to the moon. where it is said the
crude notions Of speculative politicians
are still Aoa'iug about, and have local
habitalion and name. t a,s, a.
(To be eOniinued.)
M JefTarson soou a(,er roi;y;n1 .