Southern shield., 1840-07-31
THE SUEREASURY BILL.

by the party power as disorganizing
 and Revoutiofy Tn it's tendency, has at
 last become thaw of the land, and the par
 ty organs throhoat the country are shout ing hosanla'a 'an it's praise. And in this
 they go sofats to call it a second declar- ation of ndtendence. Ii in this asser-
 ton they recorrect. it must be the office
 holders wo b its operations are to become l independst If the people, and the Presf
 dent, by e Union of the purse and the
 sword d5 5ense his blessings or his curses
 regardlesof the will of the nation. But
 let us e4mine hastily the character of
 this law, It according to the assertions of fts friends to dispense such blessings to
 the land the penacea for every ill that
 flesh is Sir to, this summer cloud of
 prosperityth is to shower down the
 mint droHA And silver coin, throughout the
 amishetfunion, that IS to give Gold
 and Silserto the hard-working mechanic
 and labrer, in return for his work. and
 destro' speculation and build up the
 poor mn; for all this has, in substance
 been aributed to it by the friends of the mease But to the bill:
 hdst, 2d, Sd, and 4th section of the
 Bill pvides for the establis hment of offices
 with litable vaults Sc, for the deposito
 ries ohe public money at Washington Ci-
 ty, hiladelphia, New York, Boston,
 Charkton, New Orleans and St. Louis
 The h section provides for the appoint
 mentf Receivers general, for the different offices The 9th section requires all pub lie offers to keep the money in their res pectip vaults until drawn out according to law The 7th and 8th sections provides for tle t,king of sufficient bonds from the variUs receivers of public money. The 9th sectDn requires the different collectors of pubic nofiey to pay over to the different Receives general all moneys collected, as often a; the Secretary of the Treasury shall require. The 10th section authorizes the Secretary Of the Treasury to transfer the public money to the different points named in the bill as he may deem neces- y for the public good. The llth that the money so deposited shall be to the credit of the Treasurer of the U. s. The 18th authorizes the Secretary of the Treasury 10 appoint special agents to examine the books, accounts, and monies on hand of he different collectors. The 18th requires he public officers 10 watch each other. The rftfI provides for the apPUrr.,.----. of clerks, and defaying Me,erpemses ofdistrib 4ting Me publicmomcy. The 18th requires the public money now on hand to be transfer. ed to the different Sub -Treasuries. The 18th authorizes them to receive monies due he United States. The l7th provides for he punishment of defaulters The 18th authorizes the procurement of temporary offices at the different points named until others can be prepared. The l9th provides hat for three years certain portions of the Revenue shall be paid, in the notes 'f specie paying banks, but that after he 30th day of June, lS43, "alI sums ac- becoming payable to the United States, for duties, taxes, sales of public ands or other debts, and also all sums due or postage Or otherwise 10 the General Post Office Department shall be paid in BOLD AND SILVER ONLY. The 0th requires all disbursing officers after he 3Oth of June, l843, to make all pay aents in Gold and Silver. The 2lst rovides for the punishment of any officer 1ho shall fall to comply with the provis- 1ns of the 20th section. The 22d prohib s any difference being made between the ifferent branches of the Revenue. The Sd requires the Secretary to publish rules I regard to the presentation of public rafts for payment. The 24th provides for le salaries of the Receivers general. The 5th authorizes the Treasurer and Receiv- IFS general to receive in adoamce for public ,nds to be sold at any land office either at ublic or private sale, but the receipt for lonies so paid cannot be transferred to ny other person. The 26th and 27th lakes an appropriation for the expense of le necessary buildings, sc. The 18th and ist section repeals all conflicting laws.
 Here we have the substance of the much pasted Sub Treasury scheme Reader,