Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1840-03-05

IN specie; after June, 1912 ,broo-e,
DE pad IN specie; and after June, Isha -. ~
silver only. PAU III eoid and
| SEc' ~. Alter June, 1913, all disbnrso.
! mems and payments by the United States ~
we postmaster General, to be made in rrold ~
SILVER coin only. Any officer neplectinr ~
1p.1oing thls provision to be reported TO the
resident of the U. States. '"'
SEc' 81 No discussing officers permitted 70
or a sim any exchange of funds, except for gold
=. snver' out shall make payments in the cur
rency received. ANY violation 70 bn n,,,, iu
eo by suspension, and further also to be ~.
ported to the President for removal. or ros,or-
oloer creating any diiierence In the medium
shall be paid. eAU0
SEC. %. Secretary of Treasury to establish
regulations for the speedy presentation and
prompt payment of drafts, and guard AGAINST
such drafts being used as currency or 1ne1i.
UNI Of exchange "a Aneu'-
SEC. 2i. Receiver General at New yorL
TO be paid at $1,000, at Boston Sosno ~
Gharleston $4,000, and at St. Louis s25oO
treasurer OF the Mint at Philadelphia to be
allowed $500 in addition to his present sala.
HG, ana the treasurer of the Branch at New
Orleans to rcceive $1,000 additional ner am
nuIn, In full for all services:
SEC. 20. Treasurer may receive payment for
lands at the Treasury, or such point &C ha
may designatc--to be evidenced nv tho 70.
ceipt OF said Treasurer, which receints shall
be receivable for lands at public or private sole
but shall not be transferable.
DEC. 70. 10000 appropriated fortbe mr.
chase oil sites, and the construction of offices
Tor the receivers general at Charleston and St
Louis. anu S''
Sec. %. Aprropriates such sums rs NAV
be necessary to defray the expenses antbor;;.
cd and Sec. %. repeats conflicting provisions
of existing acts.
IT VIII De seen that the above act contem
Piates an indefinite Increase of officers. with
an unlimited amount of expenditure. both he.
Ing IN the discretion Of the Secretary of the
treasury. This reveals ono of the objects Of
thls scheme for the safe keeping and disburse-
ment OF the public money. 1t confers nat.
ronage, and is an extension of tho sno,Ls &c.
TEN.
The mode Of keeping and disbursipp tbe
public moneys in times past, every practical
business man knows, was safe. conyenient
ana WITHOUT expense TO the nation The plan
now presented, has none of these recommebs
daticns. individual honesty is, at least. its
only guaranty of safety. The bonds and
checas which the act sets out in such bold
Ieiiei' experience has proved to be unavaiIinr
against The official plunderers of these DAYS
Expenses, limited only by the pleasure of the
secretary OF the Treasury, is one of the snrc
Irui's OF TINS Ubiquitous scheme. His special
agents. with compensation such as he may
deem nable--clerks-secure fire.nrocf
Vani's and sates--fire-proof chests-rooms--
oihces and accommodations for the thousands
OF sub-treasurers created by the acts the
foundation Tor charges beyond Computation.
limited only by the discretion of the Secreta.
fy OF the Treasury and the Postmaster Gene
raj, and constituting the most potent instrn-
mcnts Of corruption.
Alarming as are its details in these nart;c.
Eiars, the power with which it invests the
S'otefi'i'ient over the monetary concerns and
business OF the country is vet more TO ba
dreaded. Disguised as it has studiousIv been
IL IS yet easy to discern that it contains the at
tributes oil great Government Bank. aptbor-
1zlng the payment of Government dues IN
checks and drafts. These will soon became
currency, and hemedium of EXCHANGE. and re-
suit IN locking up the gold and silver in tho
government vaults-thus renderino resumn-
ton by the banks impracticable, and contrb:
utlng to the final overthrow Of all State insti-
tutions, and concentrating the whole meme,
power in the Federal Government.
Not being lenders, but borrowers, in fact.
10 the amount OF the millions which will be
put In circulation to the exclusion of banl is
sues. at present the only support Of trade. il
requires no prophet TO predict the ruinous in
iiuence OF this dcuble-edged instrument. uron
industry. property, and business of everv char
acter.
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