Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-07-16
THE sUB.TREAsURY LAW.

The bill for the establishment Of the sub
treasury system has received the signature
of tho President, und is officially published
in the Globe and other official papers. 1t
goes into immediate effect, but a part Of It's
provisions arc prospective. The act requires
the appointment OF four Receivers General
OF public money, one Of whom Is to be " To-
Gated" in the cliy OF Boston, and to receive II
salary Of S2500 per aunuin. Tho salary ol
the Receiver General ut New York Is to be
$4,000, and OF those OF Charleston aud ST.
Louis S2500. The treasurer OF the Mint al
Philadelphia, who will perform the duties
of a Receiver General is to receive an addi.
ton to his salary OF $500, aud the Treasurer
of tho Branch Mint at New Orleans all ad.
dition Of $1,000. The following notice Of
part Of the prov lsions of the act Is from The
New York Evening Post:
From this time forward one fourth OF oil
the revenues of the United States, whether
they accrue from duties Oh imported goods,
or from the sale of lands, or from taxes, or
from debts due to the government, must be
received in gold aud silver, the constitution
al currency. THIS arrangement will COLI
tipue until the thiriieth OF next June, utter
which another fourth Of tho revenue must be
received in gold and silver, making half OF
another fourth, aud after the thrtclh OF June,
lS42, the entire am cunt ot the revenues oi
every description, including payments at !hc
post office, must be received III specie only.
This is the substance Of the niIetc0nlh sec
tion of the law providing for The collection
and safe keeping Of the revenue, which has
been passed by Congress-a section COM
monlv known by the name OF tho specie
clause. 1t accomplshcs the entire change
IN three years.
The officers who make payments in behalf
Of the United States, must IN the mean tune,
make them IN the currency which the aol
permits to be received, aud after the thriieth
Of June, le43, they must pay out only gold
and silper-Boston .1dpertisr.
An IScIDEST.-Tho PHILADELPHIA
Standard relates a singular occurrence
which took place on the 4th. 1t is II
toleraLle fair specimen Of many q: those
who publicly as well as privately ira
duce the character Of Gen. Harrison.
An old gentleman from Indiana, pass
ing up Chestnut street, observed crowd
near the State House. On eIbowing
his way into the midst, he found dis
cussion going on between friend ofGen.
Harrison aud supporter Of Mr. Van
Buren,. Aller listening few moments
lie accosted tho Van Buren man and in.
quincd," Did / not hear you style Gen
Harrison a coward!" "Yes," replied
tho man, 81 did call hin, a coward, and
! have a right so to call him, for know
him well aud served under him at For
Meigs." "Do you know mc!" nsket
our friend from lndinna. The man re.
Piled that he did not. eyes," said the
lndianian, "you do--you certainly mus
remember Capt. - OF the company II
which you say you served" The poo
old creature immediately became pol,
with fear 81 would not expose you,
continued our friend, "if had no
caught you trnducin2 your commander
and uttcfing things which you know Il
be as false as your own heart" Turn
ing to tho bysianders, the lndIanian con
tinued-"Gentlemcn, this white baire'
old creature belonged 10 n company CON
manded Ivy me at Fort Meigs, undc
Gen. IlarIison; he was publicly drum
med out Of the camp, after the retreat q
the British and Indians, for ihcit and th
ptossest cowardicc" The Effect upo
tho people may be easily imssin,d,