Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-10-16
CFrom the Madison ian and The Giobc)
A FISCAL AGENT FOR THE GOV
EMINENT, AND A CURRENCY
AGENT FOR TIE PEOPLE.

Let Government establish repositories for the
salekeeplng of It's moneys at all the important
commercial points throughout the Union. Call
these repositories, agencies, Offices, banks OF de-.
post, sub treasures, or any thing else fancy may
suggest. Place each Of them under The care OF
three different individuals, on. of whom shall be
called receiver another cashier, aud the other tel
Ter. The receiver should receive, the cashier
should keep, and the teller should pay oul all mo.
ueys deposited. Let each OF these oiliceFS be
appointed by the President, by md with The ad'
vice and consent OF the Senate. Give 10 each
one Of them, when necessary, an assistant VINO
shu act a. first book keeper IN h. department
and who shall also receive his appointment 'rom
the Executive aud Senate Il deemed ncccessa.
~ or wise, after full discussion, let the Constl'u-
ton or law be 40 amended as to secure 10 the
President IN relation to tho" officers, tho power
Of temporary suspension, but not OF fndl removal,
without the consent Of the Senate
Let the obligations oil duty resting upon each
and all Of them be of such character aud SO
prescribed a. to to make them snswstabIe, IN
some measure, for the misconduct OF sach' Rs
will compel them to watch, supervise, aud chtck
each other, and report deInquenclss, when DISCO
vered, TO head quarters.
Thus far, the interest Of Government alone
would beIproyded for. But the necessities o'
the people require the agency OF so"e 'che"e
which Wtll furnish them with national currency
OF medium Of exchange, Of undoubied, subslsn.
tIal and uniform value. In order to accomplish
50 high benefit for the couulry, IT IS proposed
that Government should cause to b. prepared a
suitable quantity Of certificates oil deposit or
Treasury notes, IN denominations Of twenty DOL
lars aud upwards, and III convenient forms and
with suitable engrsvings lot circulation amongst
The people. Lot these certificates Of deposit or
Treasury notes be distributed smong-t he d'fis-
rent Government deposltofles IN such proportion
AZ may meet fully the demand tor hem Let e''
ely citizen throughout The country have the prIn-
Iege Of deposllbg any amour, OF specie IN 'hese
depositores, aud the lght accrulng 'hereupoh' 70
demand in exchange for the same these ceTl'h'
Gates or notes Of Government payable on de-
mand at the place OF deposit IN specie, and Iecei'
vable every where IN payment OF Io'efnn'hl
dues and for public lands. Thus privilege would
place 1t in the power OF every individual 10 con-
vert hs local bank noss, when payable IN specie
INTO he national currency, based dollar Tor dollar
on the specie deposited, receivable at all points
for public dues, and endorsed by he highest au.
tholty and best Guaranty known TO the People
that Of thor own Government. The quantity oi
such national currency which would thus be
brought INTO circulation, would be precisely COM
mensurs,e with The demand (oi t--no less and
probably no more. The regulating power our
State banks exerled through the voluntary
action OF the People in Withdrawing the 'PecIe
from Them, and converting II INTO the national
currency, would prove To be abundanty sufficient:
potent beyond resistance The tendency OF this
process would be to encourage the introduction
and retention Of the precious metals, aud sustain
practically the gold and SILVER standard OF value
line of It's duty which The Government seems
s,udiousy and parposey to have avoided from
lT9l 10 1897. / co=-menda,ion the most con