Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-10
1hs EiScal .Hs1neu.

removing tho OBNOXIOUS features oil the t.NcheQIc
Scheme. A corresponien, OF tho N. Y. America
has the following this subject:
correspondence Of fhs N,r YORK Amerieanl
CRY OF WASHINGTON, Jan. I. lSt2.
The plan Of Finance drogs heavily Just now, an
i, seems like up hill work TO try TO do any thin
with the wings in its favor You might easily
after canvassing the Wing members from some sec
lions, come to the conclusion tina; the efor, amen
and pass 1t, in any shape, utterly hopeless
Still, strong minds, and some Of ilem the bo'dc:
and most uucompromsing of Anti Tyler men. ar
hard at work upon it, and think can that 81
spite Of all lamentations here and elsewhere" nov
) the Exchcquer must have n TRIAL. Ii will tax
many weeks study, consultation, conference 40
private argument, TO bring the majority to this
but ito this complexion must it come ut last" A
10 the reasons that will weigh, add nothing
yet TO those given in the letter Of Dec. %.
The power of appointment which is "thc be a
and the end all" the Alpha and Omega of E1ecu
tive power in this as in every other instance, mus
be wrested fIom the President, and put into othe
hands, where even ii no, teiseiy exercised it
all instances, i, may be exercised without DANCE
of direct collision with his already colossal and in
creasng power. "rho separation OF the purse ant
the sword" is our great end. The direction, in spit
Of every precaution, may be occasionally minge,
with political motives, as every thing governments
tends; hut since that is evil not totally sepatab
from our Institutions, we must pass over that To-
the sake OF obriatng one far greater and more pc
| rilous. And that end can I've attained by o,hei
means, under the present Constitution, than such
as named 10 you last week. Look again. rh,
Chief Justice OF the United States, the President
the Senate, and the Speaker of the House of Rep
| resentatives, are constituted a Board Of APPOINT
MENT and VISITATION TO the Exctcqucr o.
! no lfnitaj States which iS created ne n,
| partment OF Government, and of which they are
| thus made the Head OF Heads. Now | am moi
talking OF Tylcr's 'Board OF Con;ro,"-his three
Commissioners associated with two others of his
creatures, (the Treasurer and Secretary Of the
Treasury but OF body with very diiTercn, func
tons. These three highest civil officers OF the
Union, (but onc) to take exactly the plCcc which
is assigned the President himself in his scheme.
They are TO appoint all tire inferior officers, among
which may be Board of Direction and Manage.
men,, or Control, ityou please. With the ordinary
business and details of the Exchequer. they to
have no moro 10 do than the President now has with
the surveys of Arkansas lands, OF tho building OF
the new war steamers. The Directors (sny SIX in
num5er) will be business men, practical hnanciers,
| nj experience and high reputation, who are 10 SUI
pervisc aud manage the concern.
Now what is there singular or novel, or inconcru-
Gus IN assigning these new functions to these high
Offices already existing under the Constitution
Have you forgotten that we have already had an
instance OF this, even IN brief history, IN the
Commissioners OF the Sinking Fund, who were
the Chief Justice. the Vice President, and the Sc
crctary of the Treasury? Please look up and pub
sh the history OF that affair. do know the de-
tails but 1t IS evident that the functions then as
signed 10 the Chief Justice and the Vice President
were even more foreign TO their original offices than
that now proposed. The new BOARD OF Exche
quer" j. To exercise the functions of riSiiG'iO , as
technically so called. What IS th1ll Ii IS not the
duty OF management and continual supervision; hut
II Is an extraordinary power, exercised only IN Pc
cuar emergencies, and generally particular in
iormation-oi visiting and examining institutions
lnqulrlns into abuses, aid removing faulty officers
for causes connected herewith. (See Biacksiona's
Commentaries. have not the book by me and do
not knoS his precise Gehnlilon.) Now | never
heard OF the vlsiIoTa mot risiorinl you print
ed l, before function being exercised except an
extraueors and supeTnumerary function by some
officer ordinarily performing duties quite foreign
the special one thus assigned. For instance, the
Lord High Chancellor Of England, though quite As
much occupied Chief Justice with the duties
Of Speaker Of the House Of Peers and Judge Of the
High Court of Chancery, is, CT e1icio, visitor to
vast number OF corporations and eleemosynary in
s'tuuons, among which are some Of the colleges OF
Oxford and Cambridge. The Bishop of Ely, If
mistake not is, oGeio, Uisor OF or more COL
icses at Cambridge, and other high officers IN church
and state, perform ike duties there and elsewhere
never near1 of IN instance, though there may be
mary, where the office OF visitor was exercised
otherwise than .lieio, by some high Functional
~ whose position was supposed 10 DC O guarantee
To hts equity ana hdelty 10 this adventurous trust
The visitor foundation always represents the
founder or douer, and is clothed with his powers
Is II constitutional 20 give this visiting and np-
pointing power to these high offcersl Ii not, the
Commissioners OF the Sinking Fund were an uncon.
stuutIonal body. And does not the constitution cx
pressy say tina. Congress may vest the power Of
appointing 10 inferior Offices IN SHE Heads OF De-
partments or the Courts OF Law"
We can confer the power of appointing Exche-
and they would be compelled to perform il on pain
OF impeachment nj REMOVAL but we have "a more
excellent way" The new excheqner act creates
new department, (os the Constitution does not say
what or how many Departments there shall be,
hut does not create an Office which the President
the Office exists, that instant It is filed by the same
s.tokc OF the pen ny whchit IS created. The bill
neednot say ,nnt there shall b. three commissioners,
&c. bu, It may say that the Chief Justice the Vice
President and the Speaker shall Il clieio perform,
&c. "Wl. the Chief Justice rruscl' some viii ask;
and ifso, what then"7 Dae he refuse To obey
.aw coming TO him with oil iie sanctions and forms
which enforce my inw which he administered
What 1t the former Chief Justice had refused TO
exercise the Office % Commissioner Of the Sinking
FUND.- No: It would not DO, he must obey or e.
sign. And m any case, provide for ina JiUy
from lpJispOstlOn other cause, by naming 10 the
Act, the Senior Associate Justice rs his substitute
There IS on. gap lefi in this conriVaUcc ana that
whole governmental system. There Is ~ every
two yolrs, period from the n OF March To the
first session Of Congress, when there is no House Of
Representatives, and consequently no Speaker
For this nine months, Tor lcss,) them there must
tie ono vacancy IN the Board thiag OF vital i'm
port1nce or. be that 1t may, an act Of Congress
which should have been passed in l7-9 must order
thni elections of members o. Congress shall take
place IN all the States ~ November, one year pre-
ceding the time now appointed for the meeting Of
Congress; ard in due time the New Congress should
be compelled 10 NEE, Immediately on the death OF
the Old This, however, is but a secondary and
nonesscntIil point.
Another little feature, To he noticed as an amend
ment to the Treasury plan, is that the EAchcquer
shlil not have the power to buy bulls Of Exchs.gc.
They say this is delicate business requiring for IFS
safe and profitable manng, mcnt alt that tact, acute
ness, ,go'chfDness and cufolunsss that can be Sc
cured only by the powerful motive Of self interest
ne il operates on bunk officers who arc ,bus employ
ins money which IL theirs in part. But when se
think Of agents of governmental and political in
whose profitable employment they have no special
intefcsD on private securities Of their own selection,
the prospect Of fraud, corruption, personal and
political favorusm, 10 almost any hnnds-is perfect.
" frighdul. Us egiimite business, the selling of
Government bills Tor spec.o or notes ol specie pay.
ins banks, The EXcequef nay safely pcrforn.
X. NJ. T.. III.
lcoNMUHicATgD.
TO THE wings or HANOVER.
You are earnestly requested 10 assemble IN full
force at the Court House, on the 18th Of he pre-
sent % urfh iffts f'nurf dHy. f,r ffc ruff,,tr ,C