Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-08-20
DRAFTS

10 authoiine the issue oi Treasury Drafts, pa
per ot this very description has been put Into
circulation by the Department at Washing
ton. The New York Courier of Friday says.
Yesterday, To our certain know ledge. irea-
sury dmits OF 500, drawn upon the Canal
Bank at New Orleans, and made PAYABLE to a
paymaStcr in the army there, were circulating
il VAL street. Aud they bore date in june
last
"Now here is a singular state of things.
Not ouly are these drafts thrown upon the
public without authority, but in the face oil
an express denial ct authority on The part OF
Congress. The question arises.-and II may
become ole ct serious import hereafter
" hcthcr these drafts will be paid. Certainl,
not without AN appropriation by Congress
and when that appropriation shall CONS To b,
made, we imagine an inquiry will he ins,itu
ted into the authority 10y which they were is
sned.'
Ia Drafts above spoken oi arc doubles.
the same which src thus alluded To in a lettel
from New York, published in Saturday Nat
ional Intelligencer:
] have heretofore, as YOU well know, been
an uubelicveT in the uinor that the Treasury
was issuing aud circulating a. money its draits
on deposile banks. | disbelieved the report
because At was d direct ISOLATION OF the in.
functions of the Senate. IL was making oI
- = NAiA VII bNAlAOil lillllAl II
truly, a great bank OF issue. But. having nov
investigated the case, ! am astonished to Learn
mat such paper Is actually in circulation
and that the country will probably be soon in
un lated with this rag money. Tor the payment
OF winch no provision II made by law: nor is
any authority granted for issuing il, but. ON
the contrary, when Mr.. Lewis, in behalf of
Mr.. Walker. made application to the Senate
Tor authority 20 issue such a paper money
that honorable body, by an Overwhelming
vote, peremptorily refused the grant.
have been shown one OF these Govern
mcnt hundred dollar bills. Its character aud
object you may understand 10y the statement
| am about 10 give you.
IL was drawn by Mr.. Gillet. Register Of the
Treasury, on the Canal Bank of New Orleans.
IL was IN favor OF a paymastcr whose name |
have forgotten, and by him endorsed TO MIR.
Van Ness, another paymaster, who endorsedit
and then IL winged It's way, not to New Or
leans, but TO Wall street. i'm the CITY of New
York. Now, here are fpo kinds at Govern
ment money; one authorised by lar, and Tor
which the Government is bound To make pro-
vision IN some way, and at some timc-Trcas-
ury notes; the other, Treasury TRAITS Tor the
payment ol which no provision j. made by
Lrao, mon i there any authority by lac to issue
them which would commit the Government
To pay them.
THIS species oi paper is, IsupPos,. in Treas
NY language, termed hard money. 1t is evil
tently Intended To- form a circulating medium
Tor The country. The bill which | saw has
been ia circula ton about tlcO months. Itwasl
lated in June.
Suppose, at some future period, the Canal
Sank at New Orleans should be without funds
nd the Government in the same situation, las
probably will before Icing, il the war con
.nues) and suppose an appropriation by Con
necessary to pay these drafts, IL is prob
Die that such an appropriation would BE- made
lth great difficulty, TO redeem a paper mon
manufactured without the authority of the
W, aud Ia direct opposition 10 the opinion of !
senate, az expressed when asked Tor such I
uhority. ,
The Treasury ID 'partm nj has %lctcrnined,it {
now sail, not To issue Treasury notes 50
'ng as they have any money; intending, |
!!esnmG '-by9p rJSt4Hf ertt RS S-.aaat ollc n Slent,@l 4sSSe
rumcnt dspUstucs ~ TIA banks oi this city nrc
apidiy shrinking. The Government has not
1 ihis moment ia the city OF New York more,
nd probably less. than taco ~ Hions IRE hHn-
red thousand dollars.
The Washington Union Of Friday night
ays-
We understand that not a draft has been
Ssued by the United States Treasury under
100, and IN exact conformity in every respect
o the forms and uniform usages OF the depart
lent. No treasury notes have been issued. No
laits OF any kind have been issued under the
Constitutional treasury law a. yet. When
his II done they will be in exact conformity
o the law.