Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1842-01-20

- 'fEn NNa"A AAA aRANN
Of threrivesi character. attributable maialy. in IN.
10 missoyernnent aud errors of
,olicy, 1. for one. caunDt reconcile IL 10 my sense OF
duty. AS n servant and representative OF the people.
10 stand SiiH aud 10 Ho,hiHr. | believe that Gos.
eminent is competent fOr gool-as we know, IRON
bitter experience. that u - capable Of cvil-and I
am Tor an honest edjH. at least. % DO something fr
the g,"'d %! ,he country. l. IS very evident what
gentlemen premise themselves from their 10 Rothirs
policy. AMI defeating ia succession. every measure
which shall 10 proposed FOR correcting existing evils.
They still cling 20 their chcr.s shed sub Treasury sys
TEN. Their banner Is inscribed with the motto Of
The sub Treasury. The rhols sub Treasury, aud moth.
ing Dat ne sub Treasary. But II they hope ever A.
gam To bring the free people OF this country TO that
reradia,ed system with all its iron.hearIed exclusive
ness, is selfish abandonment of the interests OF the
great body Of the people. its Say!ock eNaction of the
rbetier currency" for the agents and iunciionarics Of
the system on the will Of the President they will
yet find. perhaps, that they are reckoning ViHOUt
their host
What. then. Mr. President, is q incumbent upon
us. With a due regard To the circumstances of our
position, now to dot The sub-Treasury system has
been tepndiated hy the People and will never. IN
INV humble judsmen'. be submitted Ia by them a.
giin. a National Bank. u must he conceded. even
by its strongest advocates, u, for the present at least.
also ont of the question. Were there NO other diff
culties ~ the way, the sdmittcd imprssibiliiy Of ob-
INNING n subscription " Nnc rlnlA VI sQCn an lfisii-
tuition, under existing circumstances. is in itself an
insuperahlo impairment. In regard 10 the State
hanks. like my honorable friend from South Carolina
(Mr Prcs,on) who first addressed YOU this morning.
I have always believed that a jllirious and resu.
lated use OF the sound portion of those institutions
was capable of arirding the necessary acccOmmo-
daiion To the wants Of the Government. and might,
un Ter proper management. be made highly insiru-
mental in rc~dcemiug and improving The ccndiiiun Of
The actual currency q fthe county. ! could never,
however, undrf any circumstances agree To sane
lion the employment by the Government Of such
Of those institutions as arc IN n state Of suspension,
and fail 10 meet their liabilities in specie on demand.
An inneNible adherence 10 the pnlicy OF the resolution
uf lSl6.iH reiusing.n all Transactions ofthe Federal
GOv'mi. the paper OF non-SpccIc paying banks, | have
ever cnns.dered of indispensable Importance. Ia
the present unfrr;u raie condition of these Institutions
ia n larges po.ton of The Tn on, 80 long Us 1t shall
continue, there Won d be an ius Ipersble obstacle.
therefore, TO their employment, VII rever that state
OF things cSiS.s; aud II cannot lie disguised, also.
that, under the united hustliiiCs which both Of the
great p.litical pari Of the cuu Try have OF Late
$ rlngely concurred IN wagiug n Ihs sy.iem. a re-
turn 10 II as n measure e practical adm iniS,railon,
would b. embarrassed Ivy many difficulties not it,.
hercnt in the system itself Un'il n more prrpiiiuus
stat, :ofthiug, and Of feeling. then. shall be dcvelo-
ped. which | am MI sure that The force Of Dircum-
stances u not even unw silently ~wuTkiuE. IA the mar
row choice of cHpedienis that is left. the State Bank
system, like its rivals, must. remain n matter OF spc-
cuiutivc preference anu opinion, rather Than ofayat.
liable. prarjICal craftsmanship.
How, then. DO we st1rdl said Mr. RvEs. The
sub fr osury system, a National Ban, the Stte-
hank system, arc all, for the present, To be laid uut
uf The qucst OF. Add ct the country demands that
some;h NJ shtll DC done Cor its r.licL. III cannot get
what shall appear 10 me 10 be the BIS, measure, |
am Wiling to try any constitutional eIpcdien', no.
exposed To gross de Gets, which shall hold out the
pruspect Of aruelioration in the present condition ui
,hings. In r girl 10 Ihe scheme Nhirh is pressn: ed
- Us by the Administration, : am bound ia frtn'-
ncss To lay that there are paris oft which, after
ihe best consideration | have bccn able 10 bcslow ola
The subject, aple'rs 10 me- tu be llile To jnst ard
strong objection. But lhCsc are susceptible of amenI.
msur; and a cOmmiUe acting up II ilc whole sub.
Jcct in that slui of candOr aud couriliaiinu which
h. So prupehy appealed 10 NAV present io Us a mod.
flied measure, which IN ~ utiie and recuusi c upin,
ipus now divided in relation o. The Ir Tosed > heme.
The power proposed To be conferred nn Ihc Eychc.
qu r Bard nuI It's agencies, of buying bills 81 OK.
chan e. on time, appears 10 me 10 re "ns 81 he uFO,t
dangerous chan tor 10 tn hands ui Government
a ,cnl' committing The public credit 10 althchaz1rl-
Of private dealing in uue ui il most abused lurn-
wilhou: lhe SAT guard Of riyllc interest. and leading
almost necessarily To abuse r. IN tie convenient
cove il would afford Er cnilus,on and iufd"liy uu
the part uf public uilirtr-, ,nIcr the plausible pre-.
text oferrorS ofJudgrn'nt. IN The preseii cund liuu
OF the country, whtn the r. dii "l this Government
has becO ne alInIsl the list rcsoI c, of the natiunal
SAT- ~ and honor, I cannot think that an employment
Of the public fluids 50 full OF hazirds and temptation,
to abuse could be justified in a sound view Of III,
Interests commit cd 10 our charge, even IL wer,
obnoxious % no other objection. An Authority In furn
ish bi!s Of exchange on The pcblic depusiiories q
a distance, to individuals applying and paying lO
them IN cash, would be exposed To- none Of thcs,
hazards aud would aft ri important accom-
J mOlAliOns To The business cJmnuniIy ia GicilIat
Jog the operations OF exchange. and justly claim,
consideration whether it may not be safely ana
properly incorporated with the plan proposed.
In regard 10 The mlchunery by whIcl the prOpOs
cd system Is to be worked u ought, m my ouiuiou
To be rendered edsctulily indrp 'ndent . ETecu.
live control. ThIs consideration. from its intimate
conne1ipn with the principles Of public liberty, il
Of vital importance. | am glad to perceive. from
the Message ofihe President, that IT'S delicacy and
imp 'rtance arc not unappreciaied BY him. and that
in the plan submitted by The Secretary Of the T'rca
snrJ some provisions are introduced looking to the
sans object. 1t is prop sed 10 qualify the President
power Of removal over the members OF the EIche
queT Bard by limiting II 10 specified causes Of re
moval, and requiring, IN every case Of removal, tia
he should communicate 20 the Senate las reasons
for The exercise ofIhe power. BuI these proyisioni
DO not go far enough They do not effect that sub
Hluilllll llueptuQeuCe OF IGefullNe power Nuicl u
imperously requisite in regard 10 so high and deli
cate n irnst as Is proposed to be deyolyed on the
Board Of ESchequer. ] know. sir, IL Is said that ihi
independence l. not nttalnable under Inc form 81
our institutions, which refer both the appointment
and removal Of public officers 10 The Executive
head. Bot Is lis true in The unqualified sense her
siaiedl The appointment 90 public Offices is a
least. bs much the uudispuied prerogatiye Of iu
Crown in England ns % can be claimed 10 be Of
appuuenance Ia lac Chief Executive hlagisiracy u
this country. Bot this has never been held, D.
that cOuntry, 60 disable the Legislative department
from creating Parliamentary commissions. The mem
hers Of which ae named in the act creating th
commission. This is sometimes done by namin,
particular individuals, aud sometimes by dcsigna
ting certain public lunctiOnarcs Ca act eE ofcjo a
members Of The commission. As familiar example
Of The LATER, ! may mention The Board OfCOnirO o
the East India Company and the Commissioner o
tho Sinking Fund. ln like manner. when the Com
mission Of the Sinking Fund was instituted in fhi
country, the members oftbe Board were designate
in the act Of Congress creating the commission