Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-01

1ara ;. sncthe. eatu!e IN ti ldetBg a'ii equally
objectionable winch escaped Cur attention oil me 'f't
r..d,nr In tie NTH section power IS gwen o iecei
lo,os II roIG ana silver and L. issue cefliicases "
5oao.,e n the amount OF ten millions Of dollars. III
~ ,,ih section tie board md lis agencies are a
,.d Ia issue certificates at debt 10 persons VINO are
c,,ti,ors Of the Federal Government, limiting 'he
,p, 1T such issues the amount OF gold and s'ifef
on band-Ihs, readers VIII perceive, gives w
;b, ~ issuing certificates of debt, without Tue
e,,s III p,ymeni. There may not be dollar o.
coId and silver the EXchtquer, except the ten ii''
left there by depositors yet upon TINS amount al a
tional len millions Of certificates VIII be ISSUED, 50 WAY
Tar HE len millions of specie in Us vaults the hSche
amer will lay twenty millions of certificates " e
Io,,nn An expansion OF the currency VIII be me con,
seuueuce attentions Of speculation ana fanc WI" ioi
low a. usual and the Exchequer VIII wlnd up WIN
stonpnG payn,ent--Ihe scheme o! hlr Iaiilauee -
much more rational IN tins respect cutting on, - y
does power If swelling the currency, ny requiring
.h, no nauer shall b. issued by the ESchequer except
70 the auoun, OF gold silver on hand, "dolar Tor
collar.
YET the scheme Of Sir. Tamadge is exposed 10 grave
o,ac,ops One Of its worst features is the permiss on
n enploy the local banks agents If The Treasury
Mr. TallInadre cannot himself from his love Tor
bese interpretations Allow this provision Of his scheme
n stand and We open door to smugge IN the "hoir
brond Of the old pet banks shall be in danger OIL
having banks in Office all the Unlon welding the
. hole power OF the Excheqrer, and the funds Of the
Treasury Will be al the mercy OF the sudden vlc'ssi-
des TO which iIese institutions subject Another
nroyIson for which occasion, is the establish
men, of Board of Commissioners at Washington.
The business o. the Exchequer is necessarily transacted
hy ;Le enc, the receiving depos,tes, selling drafts,
making collections and paying out money IS tbeir pro-
vince All that the commissioners can do IS 10 exact
strict responsibility, and see no reason why three
gentlemen should BE- appointed 10 do this, with liberal
salaries when might lie done as weby the Secretary
Of the Treasury with, perhaps single additional Oil
Ger Neither do We WHY If we permit gold and s'i'
ser Ia be deposited all with the agents Of the Eyche-
onrr, The amount should be limited 10 fifteen millions
Ehpr the principle of.ccevlng deposites is wrong, or
The limitation IS absurd
| Meantime we cannot but congratulate Mr. Van Bu-
rem upon the compliment which all parties are now pay
~ Ia lhe Wisdom Of the Independent Treasury scheme
MI Cushing, the friend OF Tyler, brings forward II.
nancia scheme in the House Of Representatives, and
Mr Tallmadra the friend Of Clay, brings forward ano
,acr, IN ,hr senate both samed after the general SIM
lt,ute OF the Sab Treasury Each at them, II IS true
have ennral,ed Objectionable and dangerous provisions
upon Mr. Van Burens scheme: but each has had ths
slrac,,v To zee that he acceptable 10 The people
must take lia, scheme lis ba-is.--.E J Er Past