The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-03-26
Tile suR-TREAsuRY.

"To retain the Public Revenue in the
Treasury, unemployed in any way, is i'm
practicable. 1t is considered against the &C.
MUS of our free institutions to lock up in
vaults the treasure Of the nation.
Such treasure would doubtless be employed
at sometime, as IL has in other countries. ,ohen
opportunity tempted ambition. "-Prestdcnt
Jackson's Message Of 1896,
The scheme as dls2rganistng and repolution-
ary subverstue Of the fundamental principles
Of our Coz rnmeat, and Of ITS practice, from
1880 doun 10 this day.
1T is as palpable as the sun that the effect
of the scheme would be to bring the Public
Treasury much nearer the actual custody and
control of the President than it is now, and
expose it TO BE PLUNDERED DY HUNDRED
HANDS, WHERE ONE CANNOT NOW REACH IT."
Had such suggestion come from Gen.
Jack son, it would have been rung through the
Old Dominion as conclusive proof Of sl the
aspirations which may have been charged to
the Hero Of New Orleans. See here, they
would saw he wishes to put the public money
directly into the palms OF his friends and par
lisans, Instead Of keeping it on deposi,e in
banks, whence it cannot be drawn for other
than public purposes, without certain detec.
ton. In such a case, ue should feel that The
people had just cause far alarm and ought TO
giue their most watchful attention TO such an
effort to enlarge eaecutice po,cer, and put IN as
hands tie means Of corruption."-Globe, IN
1884
1--WE have objected to the Sub.Treasury
system, so called, that in the first place it will
enlarge the Executive potrer, already too great
for a Republic. IDLY, that it contributes to
endanger the security Of The public funds
and 3dly, that it is calculated 10 produce two
currcncics--a baser one for the People, and
better one for the Government The more
we reflect upon the matter the more we read
the speeches of the orators on both sides, the
more firmly are we satisfied Of the strength OF
those objections
at is certainly subject 10 very strong OBJ
jections, mot the least of which, is, the rery
great increase Of patronage 10 mh,eh ii must
gre risc--and patronage Of The most DANCE
rous influence, as beng so Immediately con-
necled wiM The public money"
But can see no advantage, and on the
contrary, fruitful source Of mischief in
making government officers the keepers OF the
cash. Place about them what guards you
may, in the shape Of commissioners, inspec-
tors, or whatever else, peculation ,ciH be end
less. There is no security IN ii and it will in
volve heavy and unnecessary expense. The
chief and everything objection, however, is
the endless source Of patronage to which It
would give rise. Make the machinery as SIM
pie as you may, and open to view. wherever
money is, temptation will creep in, and cor
ruption in erery fo,m .tolIoring at its heels"
Il he recent deialcation IN New York,
confirms the opinion long since entertained,
that the present regulations of our Finances
are grossly defectiye-thdt The public money
ought 10 be better secured than 10 DC ijf so
much 10 he custody Of The public officer ana
The public Treasury 50 much 10 Erecuf'pe d's
cretion " Richmond EnqMirsr.