The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1841-12-04

| N''N hSNp'"~~ ''u' VIC ioliOWllT lPtteT
written by one Of its editors then a
Washington:
NAsXioGToN, Nov. 27.
The NEW FIscAL AGENCY PROJECT SCI
FoRTH-THE Posi- MASTER AMI
SEcRETARIEs ,-NEw CHARGE roRo
| Gotta.
In full Cabinet meeting. as I under.
stand, held yesterday, the Fiscal Agency
project Of the Prcsiden was agreed upon
! he Administration, that is, the President
and his comsttuJ 1nal advisers, will pre-
sent their plan As IN administration mea-
sure. 1t has the sanction Of the Cai,inc,
as "a uait,%-which presume will al.
low us 10 say that it is an alminstrati,n
measure,
IA ''i@Ii.9g, Of what this Fiscal Agent
Is, has already appeared in three or -four
quarters, upon which am a solved fro "a
the necessity of preserving, what other
Wise would have been 10 Inc ct least. a
matter o! confidence, as supposed 1t
IS then, no Corporation, TO begin with. -.
1t can be repealed as will. tits an issue,
next, Of EXchequcr bills for a currency,
beartng no interest Of course. and to be
redeemed in goid and silver, or-though
not By special enactment in the notes of
spec!e-payiug banks, 1t is to have a
head here, created, presume, by the Pre-
sldent at will with sub-heads or agencies
IN all the States. to be appointed by the
head there. What this head is to be
called, and how constituted, will be sub
m'ted, presume in Bill drawn by the
Department Of the Secretary of the Trea-
sury-with other matters relating to buy
ing and selling Bills Of Exchange, deposits
sc. &c.-All this is but the mcrest skel-
eton Of the scheme, but i. is the basis of
It, nevertheless. The amount of issues
Is not to be over twenty millions.
Such fiscal agenc" as this, after il feels
its way, will no doubt, do much toward
creating national currency, for the want
OF which we sula. so much. Received
at the Custom House and by the Post
offices, it vii he q par. To prevent
concentrated run upon CHE Of the agen-
cies, there will b. some equation SINH
lar 10 tina: or'ha branches Of the late U.
s. Bank,-ioI 4 note pavabln in Missouri
will b. paid 'ur~a-nl.y ,na.n though
!. VIII DC receive every "A2rc tor pubic
dues.
] tfn5s that the Whg members Of Con-
gress will give this measure their support.
II II be not what they want, it is yet some
thing; tits much, indeed. trust we shall
not again tall into that error, which at the
Extra Session, IN refusing Mr.. Ewlng's
Bank project, lost all. Calmncss, con-
ce9son, policy, all advise us to g ivc this
experiment a fair trlal--and hope such
a1monIIons will prevail. | may not be
accurate IN this skeleton | have drawn,
bat what has the sanction of Daniel Web
s!eF' ana an undonbted Wing Cabinet,
ouEh. a35NHsdly to command the highest
respect OF all the wing party.
From other Departments than the
treasury too, are coming important pro-
positions. 1he EoSt Master, Mr.. Wick
life, has valuable suggestions to make u
pon the railroad transportation OF the
mails. ca1no. pay too many compll-
menis to thls h;Eh o.Iira--ilis head Is
sound, which politically speaking, en-
doFses aman iof great deal, His no.
tons ar" henio XIV notions too, such as
ere preferred n .1a ampI'ude and growth
OF the grea! West. Wonderful to say too,
Judge Upshn is pleasing erary' body that
IN hls Department comes IN .'3 way. The
otilcer5 oi the Navy lost ,reasure in
Mir. ha"SeE, bat they think they have
quite made it up IN the ne" prize they
have got. Ills views are large and liber
al. lie has no picagHne abstract IDEAS
we feared he had,--thai might make some
new ponder over the constltutlonality ola
naval button, or ratloclna!e apon the val
ue OF Jacknlfc. The Navy is quite a
net Ci his On. othnr m attprS foo nyou on