Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-11-24
RICHMOND WING.
THURSDAY MORNING. NOVEMBER "a.
THE EXCHEoUEn PRoJECr.

RE ENChEISOcW fhOJECE.
or this mighty engine, which Tylerian policy i,
bringing forward aftesh, like the Monster Mortar
at the seise Of Antwerp, to blow up every thing
else with single bomb, ~e can adop, all that the
other fink Of "the Democracy" says through the
Globe, except much favour,, in preference, tho
Sub Treasury; which we mean in no manner to
praise, though we hold il more practicable plan.
It's peins practicable is any thing but q recommen
dalton to ii.
The Globe says:
"But 'the crow ming mercy OF this moderate cabi'
met OF double extremes, is the exehtquer. This
ny ord Is the monstrous offspring OF opposite ard
Unnatural Combinations. IL is sub treasury over.
"whclmed by an enormous bank, swallowing up all
the revenues of the country, proceeds of the pnb
SIC domain and sll) the deposites OF individuals,
land oil the exchanges which the public credit
command; and out Of this enormous credit system.
The food OF paper money is TO issue, which 10 to
swell The tide OF corruption and speculation, land
sil their associated abuses. reaching the elections
and everythins,l beyond any point they have yet
attained IN this country. The moderate measure
"oi our a-antasonists TO ulIraism, simply aims
30 blend the system OF Sir Robert Wapo!e, (the
"Souih Sea gambling, and a national de6t) with
thu power u Gorernment bank"
Tie machine has every Constitutional objection
that wSs ever valid against a United States Bank.
I, is only exempt frcm that most ridiculous Of ell
the imputed offences Of the lstter-its bringing for
eign capital into the eounuy-an org im,n, certain.
ly the absurdes, that popular gullbi;y ever swil
owed. But that we had seen the fact, it would be
impossible to believe tina, reason so purely nom
sensica, so directly the reverse OF what TO be
| urged, had ever produced any serious 'fr.ct upon
the popular mind.
The practicable parts OF the Exeheqner arc easi-
y separated from the impraciieab.e. IL receive
AID quad the Pubic Fuads, jus, as the Sub
Treasury was 10 do. Il can do the Government
business with all the skill and honesty which Off.
siai A gents OF Tye,an appoin:nest eau lie expect
cd To exhibit. Managed by tire W,bs,.is and Ned
Curt,c, and Po-eIls and Howard Paynes and
soon display pretty process OF evaporation ana
decomposition as eves Chemis, Witnessed.
So far as receiving private depoIii., of cold and
silver go. the notion is ridiculous People know, at
present, Of much better for their coin. Wit.
ness the little oil the public loan which could b; tax
en-, even interest," and there is TO Lc these
deposites.
This and the honcs'y Ind intelligence Of the man
ageniert the inpraccabc part; sueh Of course,
would be the issue Of a currency or the selling
changes, but that the law, the pretended limitation
in these, will be violated, once, to any extent
IL will, in a word. a. the Globe says, Issue wha,
paper snl upon whs, basis it pleasesi and with its
&c branches, no sioglo committee Of Congress could
ever detect its maiversations.
We look on it with utter horror, as certain to be
used only political engine, by whatever party
may be in power. None can coma into power for
whose should less choose TO create such an
instrument than that nov administering our affairs