New-York tribune., 1842-02-24
sH-YaRK, THURSDAY CORNING. FEBRUARY "a
THE FISCAL PLAN.
lIr. TaIlmadge's R port = the Nenate

The Report from the Treasury AID % much o; me
Presidents Message a. relates 10 t Fiscal Agent,
delivered in the following Report, which he read
at The Clerks table,
The SELECT Cov,;17 TEE, to whom was referr7't
the Report from he Secretary OF the reaSur.
communicating plan ., a=FiScal AEsntsot the
Government, respcctfilllr report:
That#thev haze given the subject that con=;.yera-
ton which=iiS Importance demands. and now Pre-
sent 10 the Senate some at the vieVvs which haga
brought them 20 The conchlsionto which they have
arrived
The Committee do intend to sozinI9 an elaooai' ar.
Guul-nt favor OF such The late ptrIoi al
which THIS ubec referred 70 them and the anN'eE OF
tho public mind Tor speedy action on H. has lett theHl tut
lie time .riiS, Their other pressing enSareIentSto pre-
mare an extended! report They therefore, content items
selves with reporting bin 10 establish Fca Agent ei az
Government, accarnanied i.v such remarks upon lead
ing features and principles 10 be called tor hS te
Suc The adoption Of the CONSTITUENCIES Government IN
der which live, The has .Np"rtenced much man
cia and commercial embarrassment; BGtat no erou has
il been suddenly prepitated from an apparently h9.
pros Eertv the lowest point OF depreSs!or rs d.
The present The Committee Will not attempt az emu
meraon OF The 'vict have LED toxins disastrous
suit. But they take leave say, thai amongst them aS w
dated and deTanTed condition y the cnrreacNis ' -"
prominent. There h- difference 81 eptcn aS 'oAon
this imitation and arrangement have been produced MI
however, Wi! agree That the eXc',ss=h TRAIT 'l!
consequent rpnn such statr OF things IS m some sort icl-
Sc feature o. our ree instlut!ons In an atiti.Ht - 2
rect tSe Sce>se the Committee would w-lt prt-"r vs
and regulate, bp not DESTROY the system ITSELF me sIllI
which have sreotorbecG made correc; them have ii-
encountered grand obstacle IN the tlirrence ot
opiuor which has prevailed in the community n 10 we
sind OF corrective, and the manner IN WNc slpHI
plad. This has led IN some Instances, 10 r.ofgHH't!oi'
and hostile OF political parties and the great qa,,
ton OF rr,Inrina the currency the country ta- ormed
the iss upon which, tor some past. the most violent
political battles have been fought Experience mas >ho"l
That IN such contests the business the country must al
WAY he tia,
which the waved. tic SIDE. AMI lt. ot'iri i'
mercer VIII i conflict an, The disastrous the con-
SEQUENCES long the great matter IN etice rcnat
unsettled. There can bt peace no prosperity unlI' ~
he settled. Diner questions upon winch pohcai parts or
vide comparatively harmless No matter 10" 'ioe
the contest. business oi the country i not affected by H.
Amidst III. excitement the public mind. t' caGnt'S iur
sue. lis onward march 10 prosperity and gr atnHs' bAt
the instant que>tono currency becomes the I,,'le i
felt Ike electric shock. from one extremity OF ihe mon
the oil ,s.
II hphoovc> cn every good and patriotic citizen 20 c0d
his aid in the settlement OF this question lis inquiry -houd
be- what ought 10 he done, but what can D"l- ~!
sh0ulib be prepared 10 surrender ~, ioHidu'i "P''u>,
necessary IN order that system may be adopted Nicl
.ha promise stability and peruanencv IN relation 10 i'
alab>orbing subject. TheiISirrseS OF The country are De
yonl much further endurance The People ttrougou;he
extent of Ills broad land aloud for relie Thousands
and thousands i 0ur .cW.c7rn, cbcci, PROSTATE.
ly , cnlanlifirs OF the lines which have oveakcn them.
They have been suddenly reduced from aiuencc 20 want
,cir ro,.rt which under ordinary circumstance.
would hay. been ample all engagements AMI lrive
competency themselves and families i' been IIlsifri'
ely ,acriccd. Oilers who have survived M 'earln wrrc
OF the hopes OF thousands sill suffering by dl>lrertd
currency and the uur.gulaic exchanges between distant
points The one class looks Ia the settlement OF iiN CUES
ton OF more engaging IN a successful blsi.
ness The oe' looks 10 u! asa '''ed'i , ' r. ~ III
the hsne>s iii which they are already epgaget ~!
look Congress that rebel which Congress, alone us
tie power Ia grant.
BY rclic that Congress can furnish means 10
cancel the indebtedness into which The community mas p,
plunged but. by aiding the currency ana rxeang Oh tc
country. nay enable The People not a':eaty IN hpee1S ~.
.ponlncy 10 qada'e their own ei W s G l ' i s
distress that was Thy TIE asot'li9
fury The which has swept over the land; ana our
great object should be. adopt such measures is w
protect Ms from it, ryag~s in !nturt ,,,i,,,,. from,
The ruinous OF exchange result essentially rom
deprecated paper circulation; ~ IN, cu''nn s'
made sound and uniform l,='vi o! itstl 20 very "l' l
with the facilities which the General Government eau '
will elcctua!!v regulate the exchanges
The great cyiund w!iicii#the country no" ta '
OF uniform currency and AN efuail2aoh OF ''e eN
Can tie General Government remedy TIN, eyiI ti.s
rIIs ll7ve some mod, 10 collect k. "' u
buse revenue. This involves BON w. quesa ; 80,
r,.r-y a, exchange: IA sound currency Ia rtctisI ~ pay
meu oil pulicC p Exchange 20 Ilsut 10 '''Hth'
points the revenues o Government IN payments 81 ut
public creditor =, ~,
The Commrtre propose, ,hcn to adopt system on The
,,,r Governments for the collection >ar-kcepu5
and disbursement OF the public revenue ana thereby mel
Cen,alv aid iut1rrsiIns uniform currency .1 e't''
Tb ! deemed ;.. right and duty tn. Governments
and the only question which remains l>-flo" snail IL De
.rsni modes have proposed and tried The arr
first Bank OF the. United States secondly the St' hil
Dcposiis >v>em and, thirds ht sun rtf'sat{ ~;
,iy ,n al ,b nne,I6u The history Of the past year
shows that charter FOR such an instn'"n cannot o on
tancd however desirable itnlay be deemed ny MANY ''
the state OF the times demonstrates that 1'atl' ~ 10
could cot be taken up patti I'm cessniopeau"
The second the State Baak Depose SYSTEM was lls-
aried and mn down bv is prominent rnds-tu>
Who were 5rcrlos, in eetni,hng heiore !thahreceyed
trial, others Of IL advocate N
The third Tie Sub Treasury the contI.' oltN'
vas s.,nally condemned by The People anu eo=J' -
accordance with the popular WILL Jook the
The committee cannot. therefore anticipate ans 'al, o.
things in which either OF these discarded S,r Ca
ionG linn. 4 ever he revived. Years may eale beiV
those who have srangest productions tor ,lr can Ne
gratifed and per!ia, t!Iatilin wlllnever - l
yond our rsaclwIv, then. shall we van'y attempt 10
clutch after thng which constantly eindes our st
81, n ,ra r,rrn th, country su'er unier y,
because we can bring 20 ~ all ouriaVo e
mode OF re,f2 And more especially 49, ,!a'l we i
is hrn,rs l.1 Ia l- consideration Of lhr plan ut
ii>raI agent recommended By The President, III
b,. the Secretary OF the Treasury, ai'o "
Tl =, r9rn,ent objections TO this plan indicated by
the opinions expressed ~ the senate on ''ie ~
Fyeciiive > The purchase OF bills al exchange = - -
sue of rea sury notes orihr credit OF me
rh,,a objections he nhvi1tett or removed ihIi N E
be efficient, hr purposes ior "hci 3,
intended The cnnuittfe anh9si iatInglS ar Do
Questions the affirmative aud proceed otiShs -
's 9s'eslS'. Is to EIec-ti,e Patronage aud Po
Tn. ,a,r,ray. untier til. consists ~ the a.ihS
,n,, m 1.;s and the power in the removal iFoi p,c
These Al, tr on, will lie, grriter or L. ~ IL al;
-, he aiioni-rI. Bat the COMMITTEE tiA.
nader the inoiifcauon> propo>er they will be n.''a,l
ohgfated The President, with the af'ice an,l cs'f
-. 1n,0Tots three commissioners, who form "
Board Of ENcsqrer. Thee commissioners are reI2yag
onIv s-it tGe concurrence Of the Senate. ana r.. &
;-i,,. INCONVENIENCE, or neglect violation o. CUT
Tie arc therefore independent OF any improper tNsl
.,yt. influence II anv should DC attempted ~ oe So,
The number agencesS TO be determine ~
ih Board OF Exctequer1 butto b" limited 70 AZ lt
rori. OF the service VII admit; and N no cas- 70 *
ce, two in any State or Territory The pr2sao.E
49, ;,,t b. exception OF one or tiro siatetneTe "eln'
- - Icssitv tor more than enc agenci 10 eael, a!a 10
ya mai might he dispersed Win: and ilt'e
~ a,. ~, I'M sound >pce-p VIM banks ~ The >tite'
W. il w.ai5 m be e>;rabIe Tor The sgeneif, TO rec
iepo>s or to accept i> or drafts on escat.s y t
NJ Fy-beourr, ylch banks, acting as tenss, - e .
tf}f In all these t;erc Tous'ie 10 4lcS
- he arin;ei and the selection Of the SoeS E .n Dai'