The Hillsborough recorder., 1846-05-14
The Suh.TEeasuTy q Government
Bank.


ThEtas Sub Tsra.pry eontains in is-
sslf ths gsEn II = GO,sEn@Fni Bsak No
o. E Gssd aosbl Hhs uIll esrsidsE i0T
nm saenl he aain iesluus II th.lsFsem.
Ia,imaliOns are slnsady gissn 81 lli.; and
= hrn ar = sssSTss stall hare snss ssssIE
ed ahe sEael,sn d coneSrss such Innms-
,isus wsil sppe.r aors lssssrGly ud ~ith
les dsgulss. -%5 #-%
The dr.lis of The SssIsisry al lhe
T'sessuay ppoa the customs here" ssAs
the Nsw lO,k Marh'ng Ness. - would
be description el PsPsr that would be
eagerly ranght Up into txshsnge eiEeUlA.
too. in Iheir brisf sad rsTid passage from
their issue % tier point Of e"llsesian.
aid an amount equal 10 Ewsnly mlliOns
ol dollars sOaId be easily held IN sus-
pension ty The ia'sEhsl exchanges"
The pressure which must he brought
upen the money msIksl hy lhe in'E"dUe-
non e The cub treasury. The pre- menlt'Ons
OF which srs already apparent. ~'ll al
lord . prsssIt sud perhaps Justification
Tor The tie sdmisslOn uf GOyefnmsnI
erafs INTO eiTculsuon. The Banks will
be forced 10 restrict their IssuesG the scar
rIiy nj money must produce CREST distress.
Whst mode OF relief 90 natural. so easy.
50 CON- l-Ie. - the cTsa ION "i nes cur.
reney 10 supply Il wThlrswn elTeulsIlnn
Of the Bsuks-snd IhIs new currency,
to-. Ter supsrim 10 sny local ISSUES: equal,
IN lacI, 10 Uuiled States Bs1k nolss in
,htH b'st days!
II il too ridiculous fnr belief that the
protectors Of the Sub-Trsasury design Il
merely IS a recepissls Tor CON, made safe
by bolts snd locks and iron chests and
stone vaults; that The disbursements and
transfers of the public money are 10 he
made in coin alone. with ne repested
counings, and tTanspoItaI,ons irom I'lace
10 place. The true desIgn will be sppa-
renI BY and by. The New York Evening
Post. another Administrator organ, has
The following:
Again, II is ronisnpls'ed 10 establish
branches ni the United States Mint here
aud Il ST. Lnui.. i. generally sdmlwed
Illat this ought TO be done; the proper
time Tor d"ing u is when The Independent
Treasury Bill passes. II 10 q common
practice TO lodge qusntlnfs Of The precIous
metsIs with The mini. No, dollar oI the
money placed in its charge has been ST.
II is the safest Of all places ofspeclsl de-
posit. Lei The masses of coin which IL
would be necessary TO use for The custom
house be deposited 10 he bran h mint
here, and The certificates Of the mint la
Ken, the transfer of which would transfer
the money 10 the custom house, or tn the
public creditor, or To any bady else. Ifs
branch OF the mint we're established here.
those Who lalk Of The Inconvenience oi
carts and wheelbarrows irundling specie
about the ei,y would be deprive OI their
fssoriIe topic" i"
The establishment Of branch Mint
will not be necessary for the issue oI The
sor, Of paper here spoken of. Every
Reinforcement ~a.srr Collector al an
important port. may give occasion for is-
sues OF paper representing specie, Toen.
iy millions II is thought, might be held IN
Suspension. More than that, much more.
Uuless we are 10 come down TO the hard
money standard oI prices and values The
.um of twenty millions would go bu, a
short way in supplying tie deficiency
caused by The contracted ISSUES OF the
Banks. Ball. finer.