Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1842-12-17
THE INDEPENDENT TREASURY.

THE INDEPENDENT TREASURY !.
The Democratic party have good cause
for cheer at the results Of the late cleo.
lions, if tor no other reason than that
those results must be taken as an approx
al Of the measures Of the late Democratic
Administration, among themost prominent
ofwhich were the entire divorce Of Govern
ment from banks and banking institutions,
and the establishment Of constitutional
sub-treasury. The people have been
taught, by bitter experience. the dangers
and corruptness Of banking operations.
They have given the whole banking sys-
,ema long and fair trial. They have
become satisfied that an institution, no
matter by what name it be called, wheth-
er National Bank, an Exchecquer or
any thing else, i! possessed Of banking
privileges is unfit to regulate the finan
cial operations ofthe Government; at the
same time, TOO, they have virtually given
their approval to the Independent Treas
ury System as established by the Demo-
cratic party, and are now ready to adopt
a permanent system after this plan That
this system during its short existence
proved itself to be in every way adequate
to the safe keeping and disbursement Of
the public monies, and that too, withoutthe
loss ofasingle cent. no one can with truth
deny. That Mr.. Tyler should be among
the first 20 aid in repeating this law, is a
matter which should not be too soon for
gotten by the Democrats. 1t will require
no little time to repair the breach occa-
stoned by his course iQ this matter, and
a lengthy penitence must cnsue ere he
can be admitted into full communion with
party the principle measure of which
was repealed at his suggestion.
The Democrats will soon be in power
again, and they can heal the wounds in
flcted upon the nation by federal rule.
They will come into power too, ins,ruc-
ted by the mass Of the country to carry
out those measures, which, lille in pow
er heretofore they sought TO adopt. They
will be required TO adopt such measures
as will separate s'the tares from the wheat"
and viii! eradicate the rotten remains OF
a paper currency from our country; to
do which the establishment, Of an indie
pendent Treasury will be one Of the first
measures. The people have opened their
eyes to the iallacy Of paper money and
.'kite flying operations. They see the
necessity Of currency, the value or re-
ality Of which time will not change. They
see tina, the precious metals, that thatwhich
s:neither moth nor worms will Destroy
can alone be the true representative val
ue and wealth.
It's truly cheering, we say, to the dem
ocrats, that those measures they have so
long labored to carry out are approved of
by the people. The Democratic party
will never refuse to make an issue OF the
currency question. They are willing to
be called ssBullionists'' .'Hard Money
Men, or any other name that may be
expressive Of preference to sound and
stable currency. over q deceptive and
worthless representative Give many use
the word) OF value. The Democrats
throughout the Union are in favor Of re-
storing the sub-treasury, and to use the
language Of a contemporary, "The banner
has never yet been furIed by the Demo
cratic party, and nerer acill be-
The following is the official vote for
Governor in New York:
Bouck. Bradish. Abolition.
eO8.O7O l86,O88 1869
Bouck's majority is 81, 982. The Alb.
liton vote is increased from 1862, to
1862.
The Legislature Of Illinois convened at
Springfield, on the 9Th inst. In the SEN
ate B. Parrish: Of Franklin, was elected
President pro tenn, aud Dr.. j. w. Berry
OF Fayette, was elected Secretary. In the
House Samuel Hackleton, Of Fulton, was
elected Speaker, and Gen. w. L. D. Ewing
Clerk.
Mr.. Richie, editor Of the Richmond