The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1846-09-17
THE suBTREAsrRy

THE suBTREASURY.
We copy in another column. from The
pnlled Staies Gazette. Two articles on the
working Of the SnbIreasury. which The
Gazette states To be from The pen cf /" one
who understands the subject on Mhich he
writes"
To these articles let Us add remark
or two.
Such IS The horror Of banks in lie ma.
y"rlly of the present Congress that. in
passing the Sublreasnry act, they deter.
mlned that The connexion should be sey.
cred. moi only between the Goyernmcn,
and the banks, bn, also beIween them anil
The various disbursing officeis or The Go.
sernment. Hence. Il any agent &c The
Government were 70 deposite any Of The
lnnds Plared IN his hands in bank. the
law creating the Sublreasury declares j, 10
be a" felony" and an "embezzlemepl"
Of The sums 50 deposited. Yet, no,with.
standing this solemn enactment, and Ihe
severe penalty attending its violation. we
near, that the disbursing officers in the Sc.
veral cities OF Boston. New York. and
Philadelphia are deposiiing their funds |
wan The banks AZ usual, and running all |
'he risks surntiing This paIpable yials,ion !
OF an ACT Of Congress! But how could /
.hey do otherwise! There is no proyis.
ION made Tor The saie-keeping Of the funds
placed IN their hands. and il is better for |,
'hem, as they doubtless think, 10 run The /
Il'A o. imprisonment for felony Than 10
run the risk Of keeping the money in lhoir
oLnces or ~ their breeches packets. The
'ihcers Of The Government have fannd
,ul, as The Wings told them, thai The law ,
J passed. could not be CARED into el. :
eel; that i would be physically impos.
,iole; and now they have found ,ha, nm,
hr,y are obliged 10 wink at its daily vic. +
atoms. wv
we hear that al New York tho Col. n
fcior y siill making his deposi,es in bank =.
~ 'ha' no one would know, from any :
mango which had taken place in the us,,. /,
transaction oil business, that Sub,rea. n
1iy mad been created at the last session :
Congress, il he had not learned from :,
ie newspapers that such was the fact. \
PelFical Movements. The Wash. r :,
'g~n correspondent Of the Bal,imore +
rvs: ~'''' y
have heard for some days Of political y y
ofements on foot, looking, however. far "
TO future. rather than to pre. '
'nl lime. They grow out Of the Prss. T.
'nial question, which already is begin. -
~ 70 be seriously sgi.ated in many =,
'arlers, though no, much as vel IN nul. ~
!: Mr.. Polk has los, nearly all papu. " ~
rity, except SUCH as attaches 10 The i'm. a.
ehse amount OF patronage Which is y, - -
y ume incident to The Executive office. 80
r yler was hardly less unpopular than a" AZ
6. Folk now is, when he exercised ,hs :"
10 power with suoh an unsparing hand az -;
q ~ defiance of The will Of Congress p' y,
ne northern Democrats who are polui -
'n'. are finally settling down upon SiIss W
right partly BECAUSE they say he is The
onses' man, and partly to ayenge them.
yes Tor Tie bad treatment which New ON
,rk and Mr.. Van Buren, received a, The nm,
'i'more Convention which nominated T.
: rplk. Nor is the gorgan'' here Law
nr''e, or an oracle Of wisdom. There cd
y probably be new one telore the Adj. In,
alslra',on OF Mr.. Polk expires, and \ $
ssrs: Blair e. Rives, who have a LARGE tho
hung establishment, in The city, are ,he,
.e ready to put on the political Iiarpess in !,
~. Mr. calhonn's friends say ri,a, in any
season they shall press The claims Of has
gentleman. and Mr.. Cass is worE inn s;x
er''y Tor himself as are his friend, for il f,