The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1840-10-17
POLITICAL.
From the Doybtlwr Democrat
TIE SUB TREASURY ILLUSTRATED

Oehlocrdt. 10 you approve oil The SUB
Treasury
Wbig. No, certainly not,think I would
approve of SO monsirous thing as that'
Dem. 'Tis ofen called monslrous,
know, destructive and ruinous, scheme TO
create executive power and influence, call
cuated to destroy credit, lower prices, &c.
&c., but think it is calculated to preUeat
all this.
Uhig. 1t will prove all that its oppo-
nents have predicted. Does it not take
away the funds oflhs Banks and thereby
cripple them, and make them less useful.
Dem. Why has bank any better claim
10 the Government money than you or /
have ?-suPposing that you or I should de-
mand the funds of the Government, to loan
cut to our friends, to speculators, to monop-
olists, 65c,-should we not be laughed at
Tor our arrogance?
Wdig, Perhaps so--But the Banks you
know.
Dem. Have been the cause of all cur
difficulties But how is the Government
moeey raised!
N1ig. BY tariff or duty on goods
principally.
Dem. Who pays this duty!
Hhig. The merchant.
Dem. Does tie merchant have to lose
the amount so paid?
W,aig. No, he gets it back by charging
an extra price for his goods,
Dem. Ah,he does-then who does this
tax OR du!y come out Of?
Whig The purchaser.
Dem. The consumer you mean--tbe
man who wears the goods--he pays the
profits to the manufacture, to the importer,
to the retailer, and the duty beside-in shor
you and I,lhoso mechanics you see yonder
they all pay their proportion Orthe revenue
to the Government, do they not!
Whig. Oh yes,it all comes ont Of then
eventually, the merchant does not have tc
lose any thng--the consumer pays it all
but it is not well, you know to let them un
derstand it.
Dem. Yes it is. l do not approve
of keeping the principle and operation o
Government from the people as you whig
do-givo them Lights wanted to make then
Democrats.
Whig. If they understand it don't yor
suppose they would find fault with it.
Dem. Yes with tax or tariff that i
exorbitant and made for the purpose of pro
tecting as you call it, rich manufacturing
companies, &c. but when it's raised mere
ly for the support of the Government, W
all pay it freely and willingly. Now 20
acknowledge that it is the consumer. Of al
classes and conditions, that support til
government-an not the rich men alone.
Whig. According TO your doctrin
they do, and really believe you are righ
Dem. Then if we Pay it for the supPo
Of the government why do you say W
ought to pay it into the banks for their SUP
port and profit. Why should they enric
themselves and their particular friend
with the money that we pay exclusiVsl
for the support OF our republican govern
ment.
W1ig. But it would be safe in th
banks, and they would loan it to the pee
pie.
Dem. To spectators you mean. b.
what right have they to loan it at all?-
Tis the peoples money and how are 20
g going to manage to loan to the people the
n own money-hoO Should ! manage
Jorrov my Oyn money. If people ar
f going to have It, they had better keep it /
= the first place, not pay it to the governmeI
!. at all
+ UAig. But the Banks can make pI'
c ft out of it, you know.
1t Dem. Are you Bank Director p!
Whig. Yes, so ia my brother
z