Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-08-08

sloop oi war, and then mad to shape his opin-
ION, To suit Cave Johnson. a man almost uni
v~crS1lly dcsplsed by his " party!
THE UB-TREASURY.-Notwithstand
ing the rejection with which hat odious
schcm'-thc Sub Treasury-was met thrice
over; yet, says the Richmond Wing, we see
the present administration determined To-
force it on the people. How the Organista at
Washington will sing praises To IA scheme
which he has, heretofore, condemned, we are
curious TO see; but, from the following midi
cation, we rather think he is tuning his pines
for a regular blast in its favor. Hear him:
among the resolutions adopted by the
Baltimore Convention, was one i'm favor of
The independent treasury. These resolutions
have ever been regarded by the President as
indicating the policy 10y which his admins.
lrdtion should he governed. The Independent
Treasury Was sustained by the vote of the.
President and of the Secretary of the Treasury
and further experience has only confirmed the
views then taken by both. The specie policy
will be maintained in all its yigor. the coinar,.
Will be Increased, the foreign gold coin which
does not circulate, will be converted as rapidIy
as possible INTO the half and quarter eagle: and
all othcr proper means will be- used .(includinr
The recommendation of the independent trca-
snry.) In secure To the people am abundant
supply OF the constitutional currency"
Aitcr the repeated failures of the odious and
plundering Sub-Trcasury system, to work any
good at all Tor the country, one might s,pposr
That there could he no one found willing to
brook public opinion, by introducing that
subject again. But the views of the Balti-
more American. published below, NAV throw
some light on the workings of this ..Rcpubli =
can Administration"
Mr.. Polk and his advisers have sometime
else in view besides the mere establishment
oil the sub-Treasury.
Attcrquoting the paragraph, which we have
copied above from the Union. the American
thus speaks:
Another attempt at the Sub-Treasurvl-
Very well; the Union is frank and explicit
Are we tn have a Bankrupt law for corpora-
uonsalsoi MIR. Van Buren,, who looked far
Their ahead than any other man of his marty
was very particular about that.
Taking the Sub-Tr,asury as a system. final
and conclusive in itself, it is one of the most
absurd devices that ever deluded a demagogue
ridden people. AS an initiatory step to some
thlng else IT presents a different aspect
wilma bankrupt law for corporations requir-
us IVY puiih' VI II nature 10 pay specie, TO
he put III liquidation, the whole banking svs-
tenn OF the country could be swept away by
lhe agency OF the sub-Treasury action. aided
by The power oi the Government of the dispo-
sal OF the public dcposites. Upon the ruins
oi the system thus overihrOwn, n national
system OF currency might be erected, having
but one source OF issue; and the clause of the
Constitution iorbidding the States to emit bills
oi credit, could be strictly applied.
Mr.. Van Burcn's term of four wears was
almost entirely taken up in efforts to get the
sub-IreaSury bill through Congress. lfhc had
succeeded in 1887, when he first proposed it.
there would have been time enough perhaps
Tor bringing It's action To bear efficiently. as
The silrewd statesman of the Safe ty Fund Sys-
tenn most probably designed. He failed until
success was OF no avail, and in that failure
was involved the loss of the Presidency i'm the
election OF 1910. The Sub-Treasurv Law am
unWleildy iorm without the spirit of life in it
useless, lmnraCtCaUlc.
What Mr.. Polk designs by again urging ,bi,
system we do not know, unless because il *
IN accordance with one of the resolutions nj
the Egyptian Hall Convention-and for no
3'her reason. His PARTY fidelity is greater
than ms craftsmanship, we take il. The de-
crees oi clnbs and conventions and ''democra-
TIC associations seem to be the rules of his
political conduct. lie works well i'm the
traces; II the harness gals him he bears if ma
uentiy. An excellent democratic President
Most exemplary