Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-03
TIE "FIsCAL AGENT.r


heterogeneous Cabinet-O!d redaralists, Modern
Aostrae,ionis,', NulIiiers, Kentucky relief men.
Conservatives and Abolit;onists-for such is the
complexion Of the "una," which, banded together
by the cohesive power OF tho spos," hail him as
their caief-have been for some weeks licking into
form the San,lius which they propose Gs Fiscal
Agent"
We have some probable intimation OF its nature
from the Correspondent Of the New York Express,
whose ceverness would command more attention,
but for his proneneSs TO love all in authority.
That Correspondent says:
Correspondence Of the New York Express.
WAsHRGToS, November %.
The Hs' Fiscal Agency Project torh-ihe Post Aas
Ter and Seersiariss-HeS Charge 10 BogoiG.
In full Cabinet meeting, as | understand, held
yesterday, tho Fiscal Agency project Of the Pres.
dent was agreed upon. The Administration, that
is the President and his constitutional advisers,
will present their plan as Administration mea-
sure. 1t has the sanction OF the Cabinet as "a
unit" which presume will allow US to say that il
is Administration measure.
An "inklins" of what this Fiscal Agent is, has
already appeared in three or four quarters, upon
which am absolved from the necessity Of preserV-
ing what otherwise would have been to me ct least,
a matter oSeonfdence, as supposed. It is then
no Corporation, to begin with. Il can be repealed
At will. Il is an issue, next, OF Exchequer bills for
a currency, bearing interest OF course and to be
redeemed in gold and silver, or-though not by SPEC
eia enactmsnt-in the rates OF specie paying banks
IL is to have head here, created, | presume, by
the President and Senate, but not to be removed by
the President at will with sub. heads or agencies in
oil ha 20 L.. -
What this head is to be called, and how constituted,
will be submitted, presume, in DILL drawn in the
Department Of the Secretary orthe Treasury, with
other matters relating 10 buying and selling bills of
Exchange, deposits, Sc &C. All this is but the
merest skeleton Of the scheme but i. is the basis OF
il, nevertheless The amount Of issues is not to be
over twenty millions.
Such fiscal agency as this, after it feels its way,
will no doubt do much toward creating a national
currency, for the want Of which we suffer so much.
Received by the Custom House and by the Pos,
Offices, will be lat par. To prevent conesntrat.
ed run upon one Of the agencies, there will be some
regulation similar to that Of the branches Of the a,e
U. s. Bank for a note payable in Missouri will be
paid Ihere-only there-lhough Il will be received
every where for public dues.
" NeE Ni'p'b EiAO lb UltulDGT5 OF congress VIII
give this measure their support II il DO not what
they want, it IS yet something's it is much, indeed
trust We shall not again fall into that error which
at the Extra Session, in refusing Mr. Ewing's Bank
project, lost all Camness, concession, policy, oil
advise Us to give this experiment fair trial, and
hope such counsols will prevail. may not he ac-
curale in this skeleton have drawn, but what ha,
the sanction Of Daniel Webster, and an undoubted
Wing Cabinet, ought assuroJly to command the
high respect Of oil the Wing party"
An undoubied Wing Cabinet what next, MI
Express! Next, We presume, We shall have you
youching FOR his ExceIloncy's whiggery Whor
cat and dog agree when fire and water uni'e-w
shall expect wise oounsels from a Cabinet made ~
Of the extremes Of all factions and opinisns he idsC
by that modern luminiry, Captain Tyler.
No good can or will come Of this new sEpsrimen
| fIt be truly described above. Captain Tyler maj
stop one hole, but 10 will make two, by all his e1
psrimsnts, suggested by inoTperisuce and sdopto
/ by his wisdom.
| What he has to do, is one Of two things-com
/ up to tho mark at once and charter a Bank phic
capitalists will take the stock Of Or refuse t.. Eve
| " he could suggest valuable scheme, Of his ow
device, SIl sensible men would reject Il, because
had proposed it.-Not sensible Wings only, b,
sensible Dsmocrats-bolh wanting confidence.