The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1844-04-05

clared to be, the Treasury Of the United States,
And the Treasurer Of the United States shall
keep all the Public Moneys which shall come to
his hand in the Treasury Of the United States as
therefrom according TO law"
Inasmuch as most of the Public Moneys were
received and disbursed points distant from Wash
ington, places of deposite were provided in the
Minis at Philadelphia and New Orleans, in the
Custom Houses at New York and Boston and in
rooms provided for the purpose at Charleston, S
c. and ST. Louis, Mo. where the funds were to
be received and kept under the charge of Public
Officers bouded and sworn, for the purpose ofbe-
ing RENTED to the Treasury at Washington, trans
ferred to other Deposiaries, or disbursed in pay
ment Of public dues, upon the order ofthe Treas
urer and Treasury Warrants issued according to
law.
So far from allowing the Keepers of the Public
Money to use or lend it for their own profit or that
of others, the seventeenth Section of this Actp
vides as follows: viz.
If any one of said officers, of those connected
with the Post Office Department, shall convert
to his own use in any way whatever, or shall use
by way ofinvestment in any kind ofproperty or
merchandise, or shall loan. with or without in
terest, any portion ofthe public moneys intr,st-
ed to him for safekeeping, dsburse~c ~c"t, trans
fer for any other purpose every such act shall
be deemed and adjudged to be an embezzement
of so much of the said moneys shall thus be Ia
ken, converted, invested, used or loaned, which
is hereby declared to be felony; and any
officer or agent of the United States, and all per-
SONS advising participating in such act, being
convicted thereof before any Court of the Uni
ted Stares of competent jurisdiction, shall be SEN
fenced to Imprisonment for a term ofnot less ,han
six months nor more than five years, and to
fine equal to the amount of the money enbez-
zled.'
s'Such was the measure of the Democratic Par
ty which the Wings nicknamed, the "Sub- Treas
ury"
Itwas plan to ke'p The Public Mmey torpuJ-
lie uses, in compliance with the direct, positoe and
an,quirocd COMMAND Of Constitution.
1t deprived no man of his rights, but prevented
certain classes of men from using money ,chich
did MOI belong TO them.
One of the first acts of Whigsm when it came
into power in 1871, was to ABOLISH THE
TREASURY.
They repealed the Act passed by the Democrats
10 restore the Constitution and preserve hepubhc
npney for the use Cfthe public, virtually directing
it 10 be placei in Banks ami loaned out by them
for the profit ofthe stockholders and use cfhe
Jo,yow9s The difference between the two par
ties is here illustrated.
The Democrats OBEY THE CONSTITU-
TION.
The Wings DISREGARD 1T.
The Democrats wish to preserre the Public
Money ercluarely torpublic purposes
The Wings wish to use it for THEIR OWN
purposes.
Little mischief has heretofore arisen from abo-
fishing the Treasury in ls4l, because the Wings
have spent the public money as fast as they could
raise or borrow it. But we are told that the Pub
lie Deposites now begin to accumulate in the
New York Banks, and that Speculation, vvihed
by the increased loans OF the Deposite Banks, has
again commenced its igniS yfatuuS career. We
only want now Bank of the United States to con-
vert the Wing Bankrupts under the law of the
Extra Session, into paper-money potentates and
miiHonaye Bankers.