Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-26


Whist the abstract committee Of the House arc
paIalyzed by theis parish. the Senate committee
are at work upon the Secretary scheme. and We
nnd the following notice Of their hbours IN the cor.
fesPondenee Of the \. Y. Courier:
Cs"ssgoHdsHcs Of As Cl-si,r and Er0.fr.,.
WAsnIsGroS, Jan. 20. 1872.
Anxious ewes are turned to the Select Commit
'ee on tho Exehequer ia reference to tho report
"hS" 'hey viii make ON this interesting subject.
learn from n high source to day, tina, they have
''esuf decided on the modification which will be
proposed IN their report 4, is possible OF course
'ha' the views ola majority OF the Committee
my uhderso some change before the reno,t Il.
'nauei out Will re hearso the features of tho MIA,
"nlan '"ey arc determined to present to the Senat,
ms plan wal phrinke little of the eh,,,c,c,is.
Tics OF The SUB Treasury scheme, the National R,nL
and the fet Bank system. Il will grant To IN, T.,
cheqner the privilege OF selling exchange. b,, ,.,,,
prohibit the right to purchase. Il will provit, g..
the establishment of a Board of Comp,toli.,. -.
to be appointed 10y the President by and w,,h 49,,
ADVICE and consent VI the Senate, and not ten,oy,i
without such concurrence, cxcept IN th. even, %
particular emergencies taking place during tho ,c
cess oi Congress, when removals may lie m ,de Ia,
'"e executive ana new appointments made, subject
To the future action OF the Sentts IN. L,,,Jl -
= fhn NH
glnal plan, will be dispensed with and th. L,s,n
OF me EXchequer transacted entirely nv tho s..
Banks OF each several State. The par',euI,r s',,,
"nen 'he institution vii, by tins proposition. he
' '-'u '" ISSUE, VIII Go limited TO the AMOUNT of
actual cash IN the TTeasury-doIl,r for d,ll,r -;
'tqumcd, and no mose allOwed-the notes IN H.
me'o'N lhe eNponeniS ut 50 much real conve,,;lJ.
capital IN the vaults of the Treasury. Surh - =.
otiei condemnation OF the repnrt ct the select CON-
ml'teo on the hsca. agcn, IN the Senate a, il -; ~.
UH ..nNu
cunsl'nces may transplrs to chance their -.
when may alter the report IN some p,r,icul,,s
but that have siyen fr abrcvia;i1n ri tbs ,s,,'
as oow co"'emp'ucj, can have no doubt. as
gcher conclusive. 10y ~
whether such plan as is now rr,,,,.I L 49,,
So'"n'''e' wound entirely meet the yi,w ortbc r,,,
MUMMY seems very doubtful. The attrn,nt n, 49,,
~ ~ P"t we - btnk system (ior this f.ntu,e tb
co nmtee are indeb'ei 10 MIR R;yeSl c,n,,, ~
pu'ar as It's t'itl m fun, has herrtof,re Ti, -
nH'y. Ag'in, the restriction of the issues ,o 49,
.'' 10 'f o. The money actually ~ the time IN H.
'.eaSury seems IN the hri place nprac,icab'e. ara
y u.s. ca ca a'ei to destroy the cnure useful
ness OF the project
The am unt OF funds IN the Treasury is snti..,
I" unc uiton "lmos. daily. FIVE or ten millions ~
""'''S may he deposited duriug the recess of Con-
stesS h'ii or The whole OF which may Toe taken ON,
week alter that body Is N session Under IN. fac.
OF an appropriation bi.l. But the Eycbc,n., p.lIs
Issued o rcprcssn, the five or ten n,ll,ons -, 30
Treasury cannot be 1T once called tn Ia. 49,, a.,
re'hsned when the Treasury is replenisb-d. O1'tbc
contrary they will IN all portability be snre,d
over vast extent o. county, and not b- cole ted
un'I Tue lpsc of months alter the change has t,le
Ire sury ~ '"0 vaults OF the
AGAIN, no reasonable man can exneot tb,,o
greater sum han five millions OF dollars viii f,,
some years 10 come, be deposited in the N,t,,nsi
.teeasuIy' Notes To the amount OF this sum onlv
=. 'ey possessed every Other requisite for CONNER
cal purposes, would 90 but A small W. ,o,,.,,,
supplying the demand for a medium OF EXCHANGE
ana would toe mere drop IN the bucket tn VIII
~oI DC required 10 relieve The present dsordered
But on this subject more hereafter.