Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-08-06
From the Camden Journal.
THE SIiR.TkEASURi ACT.

There are few oil our readers, we imagine.
who pcruse the laws Of the United States. as
they appearI II the newspapers, III whlchtne are
published "by alllrorily.' Believing this to
be the case, and believing too, that tfLre are
many of In, III who are aI,XiOts to see the pro-
vlslulrs OF the Sub.Treasury Act, we take occa
sion TO call their special attention to it. twill
be found in our Columns to-day ami we hope il
will receive an attentive perusaI. liall, or any,
of the mischief which has been predicted from
its passage, can grow oul OF II, we confess our
selves at loss to perceive in what manner.
The Iytn section Of the act which contains the
surcic cfau e, and about which such hue aud
cry has been raised from one end Of tile country
To- The o,ler, seems to us quite powcrcss in lie
way of mischief, and i. any reason Is TO be IUund
for complaint, it should be because ii dnes not
bring us tu legal currency at an earlier period.
From tins section II will be perceived that now,
ouc lo,lrh OF the lnOnlesdue the Government is
to he pa,d in specie, and from and after the Both
Iav oi June uexl, one half will he required, Oh
the :SUlh Jnne Io42 three lourths; and the Both
June 1SI3, the whole amount will have to be
puId III gold aud silver Ofiy.
No one can have witnessed, the embarrass-
ments. tie dilIicntes, and exprIise which has
attended the trallsier and disbursement OF the
pubic funds, under the system Of making
Banks the financial agents Of the uOverrmen
wltnout being convinced lat some change wa,
uecessary-lIluI til, re was something radically
imperfect in lis urganIza'0n, which prevented
ITS accomplishing The end mlemplaled.-I'hr
plan adopted ny this .ict is perfectly simple aud
will no doubt ,iectualy Danish the difficulties
oft,anslering aid dsbnrsng, besides being Of
no doubtui cu.lslltutiOnaty, and This last lea-
,ure ,,artlcll llIariy should bc an esperial recGni
mrn!aiiUn to CveIy democratic republican. l.
will have the elect to-" OF pre-, enIIlg the viu-
Iutipu of one pnl,o OF The Constitution, which
undrr ,ne old system, was Irequer lily set AT
;;auuht The Constitution says "all duties
impos,s and excises, shall be uniform throughout
Tie United States" So long as Bank notes
were r, ceivable this article was palpahly viola
ted. 70 make the duties equal to every poinl
they must br paid at every point in a currency
of eGurl value "throug houf the United States"
when it is known 10 every one coliversant with
commercial affairs, that no article Of commerce
i,as been more fuctuatng i'll its value, for the
.ast four years than Bank notes What is the
slate of things now i'll The South Western
STILES! Bai notes ale worth IN Mississippi
the hest of thnn from 10 10 50 cents in the dol
lar; i'm Alabama from an to S5 and in Georgia
from Is 10 80 cents and we might go on to
cnnn,e, ale number of other States. in which
the currency is equally as unsettled, showing
the utter impossibity, unless witt, provisions
something like lI;is Act, ofmaking the "duties,
impns,s. and rxciscs uniform throughout the
ni,ed States" Bnt we necd not dwell ON
The subject; the ActwiIl explain itself and hest
recommendation. we dpubt nnt, will he found
in the stability and uniformity of the currency,
which it will give to the country, after it has
gone fully into operation.