Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-08-17

WAsHIS sroS August 10
The SUI TFEAsuRY scHEaE Of 1896 like that Of 1899
bids fair already 10 realize the prediction Of Mr. BENTON thai
II was 'humbUg' aud as such had ''bambooxedu him
lie wished BILL be SAID framed that the officers of inc
Government could md no holes creep Of bat hear
uat mere are not only holes m the those
large enough, necessary, draw IN or out all the name.
money in Chris endOm. In word the scheme is pr5oBn
ced 10 be impaccabo by Of the highest
ues IN the employ VI GOyernmCnt-men who say that e
tier the Banks OF the States be Of for the
transactions OF the Government that the Government
must institute Banks Of own with Banking officers and
Banking powers BY The Sub Treasury law II IL made
penal offence, and the punishment years in the State
Prisons, 10 make use Of u Bank all.
lhs part OF the law goes into operation at once and
II only those parts Of which relate the public depos
ties already in Bank and the currency in whca the public
dues must be paid that postponed. The Government
funds already Bank may be kept ihore until The end OF
the year but felony make any further use Of these
banks than TO draw money from them you may need
IT, Ia tho meen time there half u dozen Sub Treas.
ures to be established they not yet established nor
can the banks be mide OF without violation Of The
law. Some Of the disbursng officers under these circu
stances have applied person end others by letter 10 know
how they shall do and when they shall act The Tfeasu
officers have yet Unravecd the knotiy
Of the law The magic machinery Of Sub Treasury is
yet too complicated Tor these gentlemen jump into the
knowledge u such a financial abarynth al once
The Secretary Of the Treasury may have the classic an
pearnnco OF Midas but believe he has not yet learned the
art OF turning into gold all that his hand may touch By
and by he will learn how this Sub. Treasury seberne
which invented but try mems wits and TO blind their
undefstantinR-o lead them into temptation and TO de-
liver them over to ey--moy be obeyed or avoided
O0eyed IN letter or n'prt, II cannot be- hear AREA
dy Of the most crafty schemes avoid IT, The law does
not constitute Disturbing Officers sae keepers Of the pub
Tic money. They have bolts or bars or vaults az home
nor any sliding drawers OF hydfOfatc bannces n heir
office. They called upon daily Tor small sums Of mo-
noy, and cannot Keep b. safely by them The Banks for
these aud for the Government have done oil the Go
vofnment business without cost, the entire rcgua-
ton Of all the exchanges, aud times when the Premium
owing 10 an unexpected and large demand Of money upon
me south West, have been burdons0ne. But now for
soo'h the Commissioner the Poymaster the Postmaster
'ne responsible ocois keep their pockets lined with
g'o ano syef Like Judas they 10 have their money
oaks about lhcm andk Judas, too. many Of them viii
MAKE Oh with Their i-gorCn treasure
some oi inc olhccn OF the Government who desire
to be honest and TO keep other men co. have hit upon
plan 10 whip tho devil round the .tyr,p sTtev vii
deposit their funds with John Roc aod John no. oil
be iho Cashier u a Bank-Richard Doe A. the Govern
neni officer, will draw upon John who will make nav
ment az " he was tao back and Richards AGENT
Ins sort Of non-oBsofvarco ~ tho law IL declared a. he
necessary 70 give the scheme any practical effect what
e'cf' and thus 10 live 10 dread ii 'isn war.
imprisonment" Or n being robbed OF the Government
money ~ order 10 afford Tho Administrator unkers with
me currency opportunity to try one Of their .t dan,
seiou-' and 70 Che business Of Tho country flinous "a
Pesmens' II will be amusing hereafter to note the hun
sury law. ~ ~ A''a
The Secretary of the Treasury is charged with .,,g
large smounts Of Treasury notes e,nt,,,v Az L. srs
au " - SAID ere Issued stna o. we'll o. afge snoBr,s
500 % contribute 10 make Government currency tn.
Is'.o m epa0lo VOCATION Of tho Sub Tressury Law.
-. webster upon ihc Last day Of the seesiin called
upon the Soc1tsW of the Tfsasufy 10 know n snv T,
sury notes he'd been s-"cd under the ste law authorizing
their issue, and not why not! do not hear Of any an
swor TO inst Ttsouuon. None came 10 the Senate on IA
turdsy aud none Monday vet be,, IN, no,c
terost Of - s. per per annur the iotcte b,ng on,
per cent per dsy on SlOO.