The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-06-12
NUMBER 6.

mere matter of detail, calculated to CARRY nut the
t principles Oithe constitution. Uad OF laws nearly
V rs old as the constitution. The two main pro-
; visions of the Eli are first, that the Ga~ernnent
i shall keep It's own money and, secondly that j,
$ shall be collected, aud paid out, after certain
E time, in gold and silver.
T The trainers OF the Constitution, by inserting tie
provisions that ''no money shall be drawn from the
treasury but in consequence of appropriations made
f by law" certainly contemplated the establish
nent OF what every Government in the world has
ID Treasury Department. ! hen ve find that as
r soon as the Government was organized under the
constitution, viz. ON the I'd of september 1853, Il
law was PASSED establishing sucha department and
the LIST section provides for the appointments. "a
nong the officers, of the Treasurer. The 4th
, ton of the same act saws sit shall be .he duty
OF the Treasurer To feceire and keep the moneys %
the utcd states, and 10 dslUrsr the stac upOn
warrants drawn by the Secretary Of the Treasury ,
counters gned by the Comptroller, ard recorded
by the Register, aud not otherwise" These pro-
visions remain in full force, but the particular an
ner in which the Treasurer shall keep the money
has never been settled by law except that during
the existence ofthe nted States Tank provision
IN the charter required the public money to be there
deposited, except when the Secretary Of the Treas
ury should otherwise direct lie bill in question
prov, des the ncuns for enabling the Treasurer Ia
perform the duty in posed Upon him by the act &C
,1s9 of keeping the public money, in manner
best calculated to secure the Government against
losses or d, !;caiiJus,
With regard to the collection and disbursement Of
the public revenue Of god and silver, we find that
Congress has the power ''to com money and reg
uale the value thereof. And it appears that a
provision was inserted that ''no State shall make
any thing bat gold and silver COIN tender in pay
mcnt Of debts 1t is clear then that the Cons-
tuition meant to establish as the legal money, and
the only legal money, of the county, 90 d AID sill
Yer coin. .tappcar> farther that the seth seciow
of the act passed the 3ist of July liS9 for the
collection Of the revenue, declares ''ui the duties
and fees ID lie collected by virtue Of this act shall
be received in gold and SILVER coin only" Here
we see that the principles Of the independent
Treasury are aS old Us the Constitution Itself and
the bill before Congress does nothing II ore hn 10,
provide for carry ng those principles properly into
execution
deny wholly lha, this hill will have any unf-
yoruble effect upon an, portion of the fair business
| community. GIN the contrary II viii have saluia-
! nv operation he revenue nt the Oyrrnmcn nos
exceeding lis expenditures, the public funds will
| be discussed almost n soon received, aud thus
"a certain quantity of sncce be kept in circulation.
1t will have tendency to prevent oyerac,ioHs hy
| the BANKS, and their c0HtntorS the spectators,
winch hrna reactions, aUd, consequently, distress
upon the community, besides rendering business
uncertain and luciualing. But independently oe
all otEirr considerations Il is ahSotsteIy nrcessar,
in order 10 guard the public treasure (which would,
if not kept by Government officers, have To be de-
posted il the State Tanks I; and whH, reasonable
man would desire such course in the present
state of those institutions, and after the result al.
ready Witnessed.
| The charge that this measure will give 10 the
President greater control over the public money
i is wholly unioundcd " Whether the money is kent
as Proposed or in the Hanhs, the Presdcn, cannot
control dollar cfi,, except by some previous law
aud then to he drawn for hrorg Oh the regular chan
ncls. At The same tine it is Obvious that by pla-.
cling il in the banks, he could through those ins-
tutuns, if h. wished, ayui himself Of perp intu-
rnrc than upon the other plan. The assertion
which has been put forth, that the President claims
the power OF herpl9g the money instead OF leaving
III with Congress, and the founding of such asser-
ton, upon The very act o.reconlurndmg To Com.
grcss To ask their control instead IT giving TO the
corrupt ard rotten federal Banks. are too riira-
lous TO deceive any person Of Ordinary capaci,y.-
And u capihr climax, if mistake not, one of The
retailers Of this assertion sagcly concludes that our
party, hr this, dc~ryr he upp"ilaton OF tories and
our opponents that Of II higs. ! do not mean to
be undcriood hat oH the banks are Of the descrip.
lion just mentioned, but speak Of the generality og
them as managed ut the present day.
/ lu say The opposition, the President is 10 ap-
point the officers who are In keep the money. "
Is true he HUmiHGfC them, but they are 10 he con-
tract by the Senate just il was in General
Nashngtons time The CONSTITUTION has lodged
the power of appointing Treasurer, MS well a. the
public officers generally, With the President and
S,,,,. aud ,hn L,v az -so Jocl.ra, a., ~
Treasurer shall keep the pohiic money. And is il
not right tina, The money ct the Government Should
he ken, A., ,.liecrs srIr,ird hy and uuder tho c,,
=, ..-.. - " WV
wv "''hl''' wv u''""" F"SH''LN ana
cIpJhS the only persons ut to he cnrustCd with the
uubli. fin nds Dana unt ,y,y n,,, LuoI L..n H.,
! r.... -. X. -. HI. - :: A. ~
""he' w n,S wv" n"h"N' VI Nv wv ".""H W S'n'e
person Ot his own choice lou might with equal
nroprpty pr,suup that the pibiir officers nf ,nry
| 4 .,,.,i, ,,.IJ L ,.,, 49, ., ,,.,....' >.
"'P'''"''" WV" v" '"''"P' w. '" P''suh' u "
the keepers al Tue pHh'r money, snce all are ap
poinicd in the same wav. The officers too a,.
/ nr,,,,J lac C,r,,,,.s and c,, Il, oLoi;.boJ b, ,L,
y! t ,., =! '''""
w pleasure :" INV i've persons n'ha 'hcW are
~ rcaillN. rs much The officers nj ungreSs of
a., Az l,.,l,. -, A.. al,