Lexington union. (Lexington, Miss.) 1838-18??, 1841-07-03


willingly participating ia such embezzle-
meni. upon being convicted thereof before
any court Of the United States Of compe.
tent jurisdiction, shall, for every such
offence, forfeit and payto the United States
a fine equal 10 The amount of the money
embezzled, and shall suffer Imprisonment,
for term not less than six months nor
more than five years.
RemarkS.-How horror.sricken have
our honest Wing and Conservatives lead
ers all along been at the idea Of sub
treasury! Could any one conceive, that
Mr. Clay would ever sanction the priciple
OF that "abominable measure" or be in.
strumental in erecting so barbarian 40
edifce? Impossible exclaims every credu
lous Wing.
Now, the above bill propose to establish
a Sub Treasury as efectually as the act ii
is intended to appeal! Form is nothing
effect is every thing. Look at the effect
of this bill. If it shall become law:
True, it abolishes the office Of Receiv-
ers General, takes the money out o: their
vaults and safes as well as out ofthe minis,
and dispenses with the securities now pro-
vided, as well by furnishing suitable places
Of deposite as by the bonds of its Keepers;
hu, ,chat Is to be done Nth the money?
Why. the money is 10 remain in the hands
of'the collectors, receirers and post masters,
to be kept how and where they plepSe!
This is Mr. Clay's Sub-Trsasury! The
second section of the bill exhibits the
means devised by him 10 give security to
this new machinery. This bill, therefore,
so far from repudiaing the measure de.
cIared by its enemies to have been con
DENIED BY the people, recognizes and adopts
all its leading princip!es'
The public money ID TO be entrusted to
public officers.
1t is not to be cmbea9led, infested or
lent.
1t is to be paid over on warrants drawn
by The Secretary of the Treasury.
What more is done by the presen sys-
TEN? Does it make any difference in
principle whether you call the keeper of
the public moneys "Collector'' or Recev-
er Generai?" Does it make any differ.
ence NTH currency or trade whether the
millions of the Government lie in the
public pauh of "Reciver General" or in
the pirate celler of a Collector Of the
customs?
The only difference between Mr.. Cldy's
Sub. Treasury and Mr.. Vdn Buven's Sub
Treasury is, that the latter is much the
most secure plan of The t,ro' So far as
prlnciple or effect is otherwise concerned,
they are just alike! Just alike in placing
public mone, ia the hands of public Off
GERS rather than banks-just alike in with
drawing it from the trade of the country.
We have not time or space 20 discuss
the other features Of Mr.. Clay's plan.
Our only object now is to show that Mr..
Clay proposes "sub. Treasury" less Sc
cure than that he would abolish, which is
to exist at least until the new fiscal agent"
in the shape Of Bank o. other form as
yet unknown, shall be hammered out 90
The legislative anvil, receive the executive
sanction and have the breath of life breath
ed into it by its whig creators. This sill
will take some tlme.-perhaps a long time.
Why pull down the existing convenient
structure and build shanty to live il?
AS the architect does not intend to build
on the same ground, Wig not let the old
house stand until the ne,D one be ready TO
receire his family and Effects?
P. :. On Monday last Mr.. Clay pro-
posed TO complete his sub-treasury by re.
pealing so much of the deposite law Of
1886 rs would be effective in case his bill
passed! ~ .... a.