Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-03-12

other substitute is hardly to be avoided, unless the
custody OF the public money is to be left wholly
to the Executive discretion; which, except we
mean to admit the doctrine Of former Admins
ration that the custody Of the public money is an
Executive prerogative, can hardly be seriously in
tended by any body.
VI the modes heretofore proposed for keeping
and dlsbursing the public money, the one author.
lied by law (the Sub Treasury has been con.
demned by public opinion, and repealed The
second, the establishment Of National Bank, is
Tor the present much out Of the question as if
it were really forbidden by the Constitution. The
third, league Of the State Banks with the Gen
srsl Government, has been tried, condemned as
impracticable, and is becoming daily more end
more so.
Can nothing else be done! Has human inge
snuity been exhausted BY the experiments which
have Jailed! Is patriotism so easily bafled in its
purpose, or so soon wearied in the pursuit Of it,
as to despair OF success in any further effort either
TO provide Tor the safe.keeping Of the public mon.
ey, or 10 establish currency, not for the (acita-
ton OF commerce merely, but to sustain and nour.
ish enterprise and labor in every branch Of indus.
try. and in all the walks OF ifel Or can it pos
sibly be the opinion Of any right minded man that
state Of things can long be tolerated in which,
collected in hard money, or its equivalent, and
the officers Of the Government the only persons
whose earnings are paid in it?
Were it worth while, upon a question nvolv.
ing considerations Of so much higher import to
appeal to mere party feeling, we would take upon
ourselves 10 say that it is an incumbent duty Of
the Wings in public life who have any regard to
the ascendancy Of the principles which they pro-
TESS, to make at least one more effort to accom-
plish one Of the chief purposes for which they
were put in power by the people. To fail in the
effort as they have failed before, would be no
disgrace. But failure to make the attempt,
when the whole country; and their political
friends almost every where, are mplorine and
expecting them to make an onward move,
would be an error so fatal as to subject the Wing
party to imminent danger Of defeat and overthrow
when it next encounters its adversary at the polls
We could, if time allowed, add other consid
sratons to those already suggested, which have
prepared us to welcome any proposition in Con.
gress, from the adoption Of which we could rea
sonably calculate upon amelioration in tie pre-
sent condition of the business affairs Of the
country, deranged and thrown into Confusion
worse COMPOUNDED" as they are, by the disordered
condition Of the currency.
We were gratifed, therefore, at Report
being made, the other day, by the Committee
having the subject in charge in the House Of
Representatives, which, as a composition and for
historical and philosophical merit, has few equals
in the records OF Congress, and along with it d
plan presented in the form of Bill, bring ing
the question OF the establishment Of Fiscal
Agent directly before that body. We gave
place with pleasure, also, to the Minority Report
by the gentleman from kentucky, whose prin-
ciples and talents entlle him 10 high regard,
not only out OF the respect due to his opinions,
but because we desire our readers 10 have the
whole question laid broadly before them. in eve.
ry light in which it can be viewed.
We avow, however, our particular grafca.
ton at the opportunity now afforded US OF sprea.
ding before our readers the report and bill OF the
able committee OF the Senate. Into that report
the distinguished Senator from New York has,
as the reader will discover on readingit infused
not only his intellect but his soul also; and the
least we can say Of it is, that it does credit to
both his head and his heart.
Leaving the reader, at present. to the unin.
terrupted enjoyment Of the perusal Of this i'm
portant document, we reserve to another day a
few observations upon the merits OF the plan
comprised in the Bill which accompanies it.
H,-Slnce the above was written, we have
heard of Mr.. Kennedy. Of Maryland having
made in the House OF Representatives, as one Of
the Minority Committee on the Exchequer Board,
Report dissenting from that Of the Majority,
accompanied by bill to establish a National
Bank, (being nearly in the form OF the bill for
the same purpose which passed both Houses
Of Congress at the late Extra Session. We
shall take care to place Mr.. Kendedy's Report
before our readers.