Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-01-17

posed his elevation agree In opnga and denounce this
feature "a in the highest degree dangerous.
There now remarkable coincidence Of opinion a.
mong Senators Of both parties concerning the danger of
placing the control of the revenues the fiscal
and the currency Of the nation within the power Of tho
Executive Ny political associates and myself have
commended against IT for the ast ten years. lie O.
Their party oppose it with equa zeal when IL c0gnes
10 be proposed by others than those OF their own
party | have read somewhere ihat il Is great COED
10 be able 80 ourselves others US" Our po
tcal opponents have obtained il. This proposition
coming from them. they look il did at theirs,
which had the effect, and strongly oppose it,
The People therefore, have c1soling reelection
md their diSiosthnt their liberties safe. 80 far
danger has existed from that quarter, if our opponents
act consistently with their Professions
Another important inquiry IS shall we endanger the
success OF the measure by making such alteration.
trust not In carefully looking the Message Of tho
President find that he onjains II upon Congress TO
eve him from controlling power the public treas
ury and fin tins plan which he proposes that separation
Is not complete des,ife, 10 amend H. There il
nothing IN the Message Which shows any other than
desire 10 be freed from this CONTROL give TO
doubt It's sincerity II discaims all diIe for any other
control the public moneys than hat 10 Indispensable
10 execute the laws. There 5n51ing, then, in the way
Of tins alteration Of the plan which endanees its success.
II Congress make 1t. TINS difficulty removed
the powers proposed TO he given and exercised by the
EAehequer sufficient iogivo relief
Ii receive dcpDses, 10 ISSUE paper at all times
convertible into specie and receivable for all Government
dues c,rreucy and il IS to deal in bills Of exchange
1t clear that these to heiis powers, and have
doubt o the power Of this Government 10 confer them
on aninsttutlon properly constituted " believe tcso
all necessary to the successful carrying Of
between the several States. Ii asAedhy the honora-
bic Senator from Pennsylvania (Ar. BrcnANAN) wherc
VAS the constitutional power ir doing this II Is only
necessary to refer to the unanswered, II not
be argument Of the honorable Senator from Georgia
Mr.. BlRRlGA) at the last session upn tina, point
hpapcr can be circulated Tor currency, under tho
authority OF tins Government. without capital In the
institution which 10 redeem it. can certainly 10
more safely done with capital. Such capital may be
raised MS WELL and think better. In tie present cond
ten oil tho county by dep13is than by Subscription 10
stock
The EAcoqucr is to receive 1epesi,e3 from indvidu-
ais IN the ordinary way odopgses, they may be tempo
ary permanent. We obliged TO provide that
tie People must pay for laalAg doposte and taking
certificate to enable them 10 tabe the money from The
same place They may lie allowed to make permanent
depastcs Tor the at the installations and be paid fur the
use o hcr money 10y the institution II paid certain
rate per cent (and the balance 10 90 10 the Goycmmcnt
aud that rate made IL depend npn the earnings Of tho
institution, which would deptnd upon lis good manage
meni, ndi, dua interest would he created in its
Germs. which Is regarded eeala 10 the prosperity Of
such an institution, and Which would maize the owncrs
o certificates OF permanent dep Site elcr and safe per
appoint portion Of the board Of control, having
the Secretary and sufficient oihefs afs Gated with tt
TO guard the interests Of the Government.
have thrown Gu, these susgesti9nas Ct various modi
ieatons which can be made III plan, r tho purpose of
showing that they may be made without conflicting
with the constitutional power which authoriAs their ex-
eeise In the form in which the Plan is presented and
thai may have the eeldeslgned 10 be given with
oui breaking down those barriers which supposed 10
stand between liberty and d,ep1iism.
Ii ths Is corrected, and the pianhas within its scope
sufficient for permanent rett, Ne should every
eun to make it practicable and safe tno under the
control Of the Executive il vi under that Of the Poo
pie, who may have pennanen interest in It's govern
ment. All have agreed taa, II can accomplish much
good. The honorable Senator from North Carolina (Nlr
MAsGrM) admitted this, aud sad thai It was the Fiscal
Corporation moved under the Treasury building
Move back, then, oAe people teoud not Change its
usefulness Some have insisted That lis powers too
/ extensive; if SO, restrain them.
had intended, Mr.. President. II heye made some
references To the report ard Message 10 show that al
loraions in the plan contemplated, clearly indi
Gated in them, hut shall mol do Wy purpose will
have been answered if the sggesons have made shall
indG,c honorable Senators 10 their attention to it
with view Of seeing what safely be made Of it for
/ the relief Of the country
Mr. WOODBURY. {Mr. SIMMONS having concluded)
rose and expressed desire 10 say smelling upon the
subject but as the hour was late, adjournment,
mos cd and carried.
And the Senate adjourned