Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-08-15


1HE OPERATIONS or THE SUB TREAsrRY-The
germs Of llumhug which prcsdes over the desiinies
OF this Al ninsIratIon of the Government manifesis
itself IN the scheme of the SubTrcasury as much as I'M
the Pet Bank in any other ofihe schemes by which
Nlr Van Buren, has attempted In deude the people
To separate the Government from the Ranks IN have
naughi 10 do with Presidents and Directors Of these
Monsters 10 lock up the hard money IN iron vault,
with the key In the hands Of a SubTrcasurcr have
as We have understood. been Of The main primer
! pies proposed ~ the adoption of Sub-Treasury-
The speciaceS however, we now have ~ Wall street
/ IN the practical operation Of the SubTrcasnry con
hics with all these propositions and the SubTresury
there carried out. Is bui the Pet Bank system iu par
revived. with the cumsrous machinery OF additional
Office Holders saddled upon the People at the Public
expense.
FIVE ia our information ms 10 The ur,ct
cal operations or Ihs SubTreasury here and clschcre
hut particularly here the specie which u extracted
from the Banks ~ general pay the dulles al ia,
Custom House, but deposited al another Bunk or IN
substance, but changes vaults, the effect however
being. particularly IA trying times 10 make one Bank
strong al the expense OfOihers being made weak Mr.
Collector Iloyt, Informed. collects the Rev
enues according Ia Law, and passing u over 10 Mr.
Receiver Allen, the latter gentleman deposi,es II IN
the Bank Of America, where II is Of course mingled
with and becomes part and parcel of the monster
cash Tho office of Mr. Allen then. we understand
a. is the office Of making deposit of what nc
ing aS compensation for services valuable rs this
a salary Of $1,000 per annum, II being the business
which Is done 10y a subordinate Merchants Clerk
This second Declaration of Indepen, ence' Is a
great affair then. great affair indocd-and ,ye 10 moi
all wonder that Castle Garden was filed 10 prpnu
gate IT, To pay a Receiver $500 per annum for do
ing that which Merchants Buy will do for $500 or
$500. gigantic progress ia Finance winch should
have been taken the 4ih Of July of cnursc-,,n
which day Mr.. Van Buren, congrdtulatcs himself he
signed Ihs Bill.
The principles of the Administration sre again nd
miraby illustrated ~ This instance Of practice versus
profession. Notwithstanding all the effected holy h,r
r0r Of Bank and State. the States Receiver General
embraces q Bank within the frsi month Of the OPEN.
ton of The law and the conjunction for auqhf we sec
Strong a. under the Pet Rank system with Tho
additional ncumhrances Of al the SubTrcasurv Office
llpIdos, and their salaries UPON u.s.
The great ann 81 the government however 10 have
possession oC and contract of the Public money ip,
pendent Of Cougtcss. - achieved Tho uses of tIs
Public Treasury and The profits arising from such Uses
the prerequisite of iic Government The power is
theirs They command not only the deposit Bank bot
They o specie Cuugrcgitei In that ~ rpinmlud
others 70 have the control Of The Public Purse yya.
the grasp OF their ambition. matter whether through
q p1pcr. or a specie Sub'Trclsury The plper Sub
Treasury was ibc ann fthc Northern Van Buren, mon
bot A Calhoun lndhi- tail dictated the specie clause
aud tho Northern man with S,uthrrn prnriple...
atqWcsbtd u TIE diciaii1u. TIL. hnlI Of Ibe Purse b.
already bad The strengthening uf he sword hv tb,
new Militia Law the next thing b. boz z1ugat G,r-
Direct TIyrs may follow 4 hard money Government
IS bot bali hard unless Direct faxes luI large Stan
ding Army arc appended io o..