Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1845-01-02
TIA s sun-rREAsuRY.

Aiier repose Of neaf q tuelve-month, this
nueh eordmned and highly unpopular measure
has been brought forward BY The Ajax Of Loco
foeoism in the House, AFR. Dromsool.. and
passed. What eoaId have produced this sudden
action upon bill so nouen,ous ia lis eharse4.
ter, vi are at loss to divine Surely Mr.. d.
does not desire any efeei. 70 award % The pre-
sent P3reu,betieai Administration. Of having
the pleasure Of Jumping Jim Crow &c sign
bill yhichil recommended ione tine 10 be re-
peaied. /
But there il no probability Of this bill ever
reaching Mr. Tyler, as the Senate will put its
veto omit. sSd thus shield be President from The
diIemma in which be woaId be placed By Is
passage.
The great matter Of surprise. however, con-
sisls in The fscl Of its suspended Animation from
The last 10 the present session, hisunaccOun-
table, as the Locofocos had The same power then
thai they have now, 10 pass itn The secret
however consists ID The fact that the Democracy
preferred success in an election, TO all The consi-
iutioas necessities in the verdi, and hiatt held
back The Sub.Treasury. lest its passsge--uu-
popular as i is known 10 bs-should work Them
woe IN the Presidential contest Thai is JUST past
aud thatfbsing over. the lhirg is sudlenly grown
sacred IN their eyes, aud ihsir present pfecpi,a-
ton IS as an aionemeni foI heiF rasl remissness
Of Guiy. The remains The bilI were then
thus quickly exhumed, and as quickly acted
upon, and 50 far a. The House had the power TO
make il Law. il is one
n sfl &. a..
and al, as The memorable bin signed on the Alb
July, 1889 BY Mr.. Van Buren,, and which that
worthy siyled4he second Declaration Of Inas.
pendence, but which the people did not soregatd,
as, when 10 1870, they placed. as We had sqppcs-
I'd, lasting condemnation upon il.
The baltimore Aues;~- .sieffing fo~"s
5e remarks OF one OF the friends Of the
Bill 10 debate On Saturday were correct enough,
when he said thai il National Bank and De-
Poslle Bank System we're To be rejected, there
wss no other plan as an alternative, but the Sub.
TT3asury. This is time II The government
cannot trust the keeping Of the public funds to
such agencies as the business commonly are 10
the habi, Of trusting for The keeping Of their own
funds, then il must resort 70 an sgency such as
the business community are not 10 the habit OF
trusting. What amount ef private drpOsi'es
would nb-Tressury agentbe likely 10 receive.
upon. advertising his readiness to take such de-
posies
Again, the Sub-Treasury is The inevitable re-
sui; il The Government choose 10 disconnecl lis
fiscal affairs from those Of the country-ab $50.
iaie lis Interests within the sphere Of lis own
operations, and Ioiake no farther care Of The
geperaf curfency itan 10 secure gold and SILVER
foAils own wants
A National Bank, web constituted and pro-
vided with an the safeguards and securities
which The lates; Improvements 10 financial.
know edge and experience have suggested, would.
answer all The purposes df Government fiscal
agency, while at the same time lis influence up
on the currency ant business Of The county
wouldshe salutary. How would such an insti
tuiioa compare with individual agencies. with
regard 70 the safe-kseping and disbursement . f
the public money! Il is true Bank may fail
and so may an Individual. Bank, however,
cannot run away; an individual can. As TO the
transmission q public funds from point.t point
>loF me use Pi''he Government, it has been
iosna mai SUB. Tfessefefs have few facilities
without lhe ald Of Banks fer hsir o,rn use
'hey nave been known 10 Iransmit the public
money with great facility.
II may be that the new Bill has some clauses
IN u ior me more convenient Introduction Of
sOvernmentB ank on asab:Treasury basis. The
old system had squirting that way Such
feature would remove many Of The deficiencies
Of The system whlsii would create new causes
Of distrust and dissatisfaction"