Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1846-03-23
from The .Atlc lofh san.
WHAT'S TIE SuB-IREASTRY I

Illus question Is asked by many who have not made
themselves acquainted with ot the mtst celebrated
financial ssslems nj modern tunes. The question viii
c"me br'ute Congress IN few weeks, when we shpll
have The 1paiunS IN that quarter. IN thu meantime
may bo well 10 pnnee oi the abuses u HE sys
ten III other eounifles, Witch II will be necessary Ia
guard against IN attempting IL GARY it out here. Nix
co. several OF the German States China and other
static countries. have had The Sub Treasury system #
finance from the earliest pefiuds of their sury. and
every country where II prevails large standing nmiea
required 10 guard The Treasury and hold the pos
pie N check. u We understand The Sub treasury law
about to be presented 10 Congress- proposes Ia collect
the revenues o The General Government IN gold aud sill.
coin; 10 appoint large number If new officers Of
government. 10 be called Sub Treasures 10 take charge
Of the coin when collected. tn pay to these Sub
lroasnfors annual salaries varying from FIVE Thousand
To Two or three thousand dollars each great
iron vaults, with the requisite butts bafs aud safety
Ncks for the safe keeping OF the gold and silver coin:
and Ii employ tho necessary force of armed in all
our nge cities. 10 guard and protect these iron vaults
from robbery and plumber, There great difference
between this system aad that IN IN Mexico. Bui
We shall be told thai has not had alf trial there.
whether owing 10 the unpue plea character of the Mill
Uary theiihhs who have pundercd that unhappy
country, Ia the tendency of the Nj xiran Sub Urea
suy system 10 make robbers Of tho 2upuar lenders r
the sake o plnndrr. unable say certain it Is,
however, that most Of the officers Of government IN
Mexico have used the Subj Treasury their own; they
have robbed II NJ will, numbering each other without
tfcy to get possession ol the gov and the cUn
IN The vaults. We have said that the Subs Treasury *
always accompanied by large standing army. We be.
eve there are no exceptions 10 this rule IN the dnspo
tic countries that have Sah-Treasnrios. The Emperor
of Russia has the coin IT he country arge vault o
of bis own. near the Royal Palace surrounded by one
o. lie best standing armies III Europe. snrh are some
of The evils existing IN every country avng Sub Efca
sn1y II creairs disifns suspicion, and want ei cen
iIenee wherever II prevails The financial system n
doped by the present administrator appears 10 be safe.
udlrlus economical aud altogether nnnhjpelienaLe.
Il gives great satisfaction 10 The people, and all
know ledge that II Is the sales aud cheapest thai could
be- adopted. The administration requires from lis de
pJitaes nll security IN Government stuck, dollar fur
duar. and tho Repositories IN engage pay out
the money III gold, silver or paper as wanted by The
government IN any part of the Union, withou, charge
expense Of any kind This IS certainly better system
Than locking specie IN vaults, hiring opnlenl Gilt
fifteen dollars day 10 keep the keys, employing
army guard the vaults aud then cafng parcels OF
specie around the country Ia the various places IN which
the government NAY wish 10 pay ont It's funds. The
operation in New lork---which collects two thirds Of
the revenue oi the goyefument-wond make our elly
receptacle or robbers and hipauds from all parts Of the
world. They would fic hllher 10 rob the government
condcias OF specie they passed ou of the city 10 The
INTERIOR and IN lie" years we would require an im-
mense standing army 10 control the armed robbers thai
would gather around n York as the same classes
gather around the cities of Mexico aud Pekn. These
desperate characters would have their e1nlederaes Ia
every part of the Unlon and instead OF The dangerous
classes ui Iuraers and counerlrefs incidental Ia our
present financial systems aud Tho have 10 meet ibeIon
esi czen face To lace IN pefpelatlng their vllanes,
sub Treasury hike that IN Mexico would fiji our cues
and lowus with most dangerous robbers and midnight ass
assns who would become the scuurgr oi The country.
These from NIL parts Of the world would esowd around
elecnns, nominate Their candidates aud boldly
der her elected representatives. as IN Mexico, "rob Tor
us the treasury" II there Is any truth in The pfucl
pies o political econemy these are not the only evils
sub Treasury would bnng upon The Peope. aud upon all
[ honest