Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-10-13
The suD-Trcusury.

The Sub-Trcusury.
The Courier aud Enquirer, after quoting the two rs
sections Of the Subtrcssuy BILL tho object Of which is 10
divorce the State entirely from the banks and TO niure
those institutions Tar any OF the government
affect them, says:
Ia this Of the law and Of the facts the Secretary
the Treasury Mr. Walker, Is now in Wall srCe-'shin-
give cannot accurately describe the fact or
the Ptocossshnnng for exchange OF bank notes.
bearing Interest," against IT, s. Treasury bearing per
cent interest
I've adycrcd this days ago and then sta ted
it, conformity with what had occurred that banks had
refused Mr. Walkers proposition, suggesting, however, the
possibility OF their making the exchange the interest
the Treasury notes raised TO per Mr. Walker
declined ntmatng that ho could do better
ing Boston lie Is understood to have since ed in Bos
ton, ard 10 have nled there he did herctho best
cOuragomon he received being that OF the banks
might consent TO take part OF the required, II the
New York banks would take the balance. at per cent
Thus rohued IN Boston, the financial representative Of
this hard-monoy administration, again Shining it,
ii the phrase appears vulgar and depTecatng 1t is not
ou fault bat that OF the ac-in Wall street, and
badly the Secretary will come to terms.
"iu wants four million dollars for which he offers tho
like amount of Treasury notes at per cent The banks
say No positively TO that propositions but leave an opening
for offer OF notes bearing six cent and TO that
dton the Secretary, IL IS believed must cOne-i he has
not already agreed TO IL.
cit then becomes serious question for the CONNER ia
community, whether the bank siall-we do say
should Tor have the cearest convncon they should
uobut shall lend of tho monies required for and by
the business interests oil the administration
which, far as 1t has any influence has declared open
against he stirred up every OF prejudice against them
and finally proclaimed itself wholly and absolutely indie
pendent OF them-toHT millions Of dollars THIS we
sthe question for this Commercial Community 10 consider,
and especially for the Stockholders and Directors OF Banks
for II eit wholly the discretion Of Of the Bank
officers in this city, especially Of those who have been
such ardent seekers of the pubic dePosos, and feel
fancy certain degree of consequence attach their
from being the recognised advisers and adJutans
ot the Treasury Department. the loan will be made
1t seems that there be doubt upon this sub
iecL Mr. Walker himself speaking through the Congress
OF the United States, has declared substance, that
hghy mischevous that there should be any such
that he now seeking establish the gov
and the banks. Besides banks institu.
ted for the purpose of lending money the government
In New York. where according every account have
seem the discounts fully high the commercia
community conveniently bear, the addition Of four mil
lions TO existing loans, thereby inducing tho necessity OF
rapid and extensive curiamen but be attended
with great commercial distress This alone an nsu-
porabo objection independent of every other considcra
uon but when TO this is added that the applicant
nveerse foe al banks, and has left method uned
effect their destruction, appears marvellous that
any proposition from him could be entertained for mo
meni
In favor Of the fitness Of the term'Shinning if-of
which the Courier and Enquirer appears entertain
doubt, beg leave submit the following tangible argu-
will that it is regular Treasury drait properly
signed and registered The Republican says endorsed
by Messrs. Edwards and Francis
. - - D.
No. 22n. WAR WARRANT, No. 4I34
s. 60 CESTs, TREASURY or The L. STATES -
Z. Washington, gan APri 1886 a
2 AT SIGHT pay Edwards & Francis or order. : E
Z SIXTY CENTS. $ 6O<
* (Signed) W. SELDEE,
y Treasurer Of The United States.
ts No. 22ll. Registered 24h April, Isl6. s. 60 cst
10
- r. II. GLLEr,
! Register Of the Treasury.
Bank OF Missouri
Z 81. Louis
= p p p p p -
On the LETT hand side" lsays the Republican, ''is
ygneIte with the head of Washington in the centre On
the opposite side, the National bro percbed What
Dissertation Of both -
The editors Of the Republican have this draft posses
son. and offer for public inspection. Tins shianHg
II" with vengeance.