The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-04-01


rear before they attempt to relieve the
,onplry from It's PROSTATE and suffering
edition, and the Government itself from
%o embarrassment, inconvenience, and
S.tress accustomed by the measures of the
Tocofoco dynasty Surely not. On the
.o,t,ary, is there not the most urgent ne
cess;ty for commencing the work Of relief
without delay Would the People, we re-
,oat. rest satisfied with whole yeal s de.
by! Believing ourselves that they would
moi, the Extra Session has appeared TO US,
ouihat ground, independently Of other con-
sderations, to be measure necessary to
meet the public expectation.
But there are other grounds, not Of ex-
mdicDcy, but of necessity, which require
hi, early convention Of Congress.
In the very outset, il has become quite
apparent tina, the sub.Treasury system is
not merely useless protuberance ON the
Treasury, but positive impeachment to It's
proper action. Without entering to-day
s,o particulars IN regard 10 that system,
i is sufficient to state that, under the re-
arclions Of the law requiring all public
moneys to be placed in the vaults OF the
Receiye4s-Gencral, the Treasury Depart
men, is deprived Of the facility of convert.
ing into specie funds the Treasury Notes
which il is authorized 10 issue, "a iniscrn.
lie expedieni, but without alternative in
tie present state Of the Treasury because
il cannot siipulaie to draw for proceeds of
tlo sale Of them as they may be wanted for
use, &c. In word, apart from all other
objections to the sub-Treasury scheme,
he operations Of the Treasury are so tet.
tered by it tina, il is not possible 10 conduct
tie fiscal affairs OF the Government couyc-
neatly land hardly repulabIy) whilst ii re-
mains in force.
Exeep, the power TO create Treasury
Notes, paper promises 10 pay,) the Trca-
sgry is, II appears, nearly destitute Of
means TO carry ON the Government a, all.
The current revenue may enable the Sec
riary to pay his way until the commence.
uent Of the Extra Session, aud possibly
month or two longer, hu. that is matter
d doubt, made yet more doubtful by the
sey large amount of appropriations for
Ire last wear which constitute charge
uoon the revenue Tor the present year, aud
,.pecialy for the first half Of tt. And, as
ir the Treasury Notes, OF which the De-.
parment ia authorized BY law to issue five
millions Of dnlIals aAer the Sd DAY Of this
month, there is nearly the same amount OF
Notes to be- redeemed within the gear 50
tla,, except NJ means Of renewing promls'
sory notes of the GOyernpsent already out. .
sanding, the existing authority 10 issue .
Treasury Notes affords TO the Executive
o. means lor eking ont a deGcicn, revenue.
The revenue laws themselves, moreover,
are. i, is said, 80 defective as to need i'm.
leedate revision to make them what Con.
gross inleaIsd 10 passing them. Te state
single class of .hcir defects; whilst all
aia-eaumcrated articles imported from
abroad are free Of duty, the enumeration
attempted in tie aci Of Congress IS 50 i'm.
perfect an1 in some respects indefinite,
that, BIZ change Of the name o. articles, or
10 manner 81 entering li,cm at the custom
house, the duties are evaded, and the rev.
saae Of the Government, materially reduc.
cd Large amounts Of duties thus come
to Be PAID BY importers under protest, and
abee, to suits OF law for the recovery OF
ihea back aud hy the payers, IN the even.
(which Uncle sam is very oitca the loser,
Gad the revenue thus becomes uncertain,
a addition to its being insufficient TO the
wants Of The Government.
These are some Of the considerations
uhich we understand, have imposed II upon
Ae Executive az mn imperative duty to
c@cnc Congress al the earliest practical
bc day. f