Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-08-03
The Sub-Treasury.

The Sub-Treasury.
To the Editors Of tAe WAis:
The Sub-Trcasury Bill Is before the Senate and il
will be decided whether to have more tinker
inc with the cuTrencywhether the business concerns of
the nation are again to be put without hemsman or
pot-wheher the prosperity and OF the country
10 be sacrificed, and whether the power aud patron
age OF the Executive ady great Republic are
10 be enormously increased. have thought that II yonld
not be noppOrtunc this uncture TO make few extracts
from OF the Acknowledged political books Of Loco
ocosn, keep in fresh remembrance what was the op
mon and what said and proved by Mr. Thos Richie
ST., the distinguished rTefapLorieal Editor of tina
Union and the late Editor OF the Richmond Enquirer"
OF the Sub-Ireasuy Scheme What he says Of this od
in the following extracts Is strong and ire
uiable, and should be enough TO kill forever What the
Editor OF the Enquirer said S37-3S Is no less true AZ
hls time, though he may be the editor OF the Official
organ and though he may dub the scheme the Con
stiuuona Treasury" 1t is painful a man. dis,in
sushed Tor talents and all that constitutes gentleman and
one who has always boosted OF his consistency and Ropub
heansm thus his back upon his old opinions and SEN
umentsdscard and all that he has said and wit
ten IN oyeone Gays ON great question Ike the under
cjnsiderauon-ior no better that the Ba.
Convention adopted of the measures of the
party that he IS now the official organ OF the Admnsira-
ton; and that the title Of the scheme been changed
Reas what he said IN 1878 Of the SubTreasury and
think Of his present position the "Coastifufisnalr
Treasury he who loses opportunity 10 denounce
an opponent ne inconsistent, Federalst, friend
strong government wishing accumulate power in the
hands OF the Executive. enemy State Rights and
such like sereoyped phrases :!
How much more manly and honest would IL be were he
and that he had changed his opinion and
give ms reasons for the change rather than such
quib5les aud subieEuges for the purpose OF sustaining
inconsistent He told that IN 3T-'3S he de-
nouneed the measure fraugh with danger corup
tom and he answers us by saying that the Baltimore Con-
yenon adopted Of the articles Of the Democratic
Creed and ne must support the Administration efforts
TO carry through the which that party Caucus
adopted He Is told that he himself denounced the Sub
Treasury "mousous accumulation OF power over the
public money in the hands Of Executive and he an
'wers mat ne u the ohca organ and must support the
Administration He told that he himself denounced i,
as an union OF the purse and sword in the hands Of
President" and he 1t is now the Constif-
tioHal Treasury Most lame and imboieRt conclusion
But my Intention was only give the and com
mend them the attention Of the Senate before by Its
action should place the concerns Of the coun
Try IN the most disastrous condition. and give the Executive
tho power the sword and purse-a power which will
IN the end subYer every thing like Repubicanism our
system OF government. The following 4 few extracts
out OF a great many my command
From the Enquirer September 6, 1871
The Sub Treasury Scheme, Of adopted ) would be A
measure both Of restriction and favor II would be
restriction on the taxgaherer take any thing but
speciebut IL would be Ja1Or the saaried officer 10
receive nothing else but better currency than the People
receive"
From the Enquirer. Dec 8, 1871
1--WE have no desire 10 such accumulation Of Pow
IN the hands OF tho Execuye-no wish 10 put the pub
Tic money in the hands OF ms friends and paftzans We
wish To zee the power and patronage OF the Executive In.
creased as little possbe the powers Of the lFedera
Government mop enafgedthe purse and sword not more
strongly united than they the hands Of the President
and a. few means OF corruption possible trusted in bis
possession"
"The Treasury Scheme will grow with the y,o,sth
OF our country; and still more, with the interests VI those
who may hereafter administer the Government Itisin
deed the mustard seed spoken Of by Mr.. Rives."
Wo do not hesitate repeat that the sub Treasures are
less safe for keeping and less for transmitting
the public funds than sound and properly organized State
Banks. The large funds of a Bank are pledged for the
safety Of its dcpOsts-and they better securities
which the Sub-TfeaFurics give"
From the Enquirer Of April z. 1893.
zone Of the great principles Of The Republican Party
proper degree Of jealousy end ygisnce over ae Erscu
tive Power. Vested single hand IN oonisdsracy Of
% Stats-endowed with patronage over thousands Of
officers; with the expenditure Of 20 to 80 Millions the high
est officers nominated by removable by end responsible
10 him-ihe great fountain Of Office, we'll a. political
power power naturally growing with tho growth OF our
glowing cOuauy-with Dfcsrs multiplied 10 an immense
degree IN the as' ~ years, aud destined 10 multiply every
years wonderful that the friends free Government
should watch the augmentation Of great n power with
huie nquictudt' The present Chief Magistrate
cannot remain iOfevefcan fepOse equal confidence IN
tie wisdom aud virtue Of every cceIsJf3 II extra
ordinary, therefore, that should gard measure which
The Brr krrrBL,AF pronounced in 1887 o. cacnlasd 70
swell tie patronage OF The President, g. large eNtont.
with much jealousy and apprehension Ihis is one ~
the principles winch b. equally aud striking 10
1885 b. ~ 1884" ~ % not equally 81, nlso ,p
1SfGD "Ha5 Mr. Garland forgotten the PRINCIPLES which
were repeated M 1891 The strong objections which
urged 20 the Sub Treasury scheme, by Oufsevos-
by much ADLER nenby oli the staunch friends NJ Messrs
Jackson and Van Buren, Can We iofge that in 1891.
% was sa'd Tint the intention Of the Cunsti.
luton % leave with the Executive this must dangerous
| control the public money! Can be forget that IN
1884 declared, that every friend President Jack.
sOn would 10 man, UyfTfD suoH uovsrRors
! Ac'rNrfsTi,v rowER PUBLIC upyEs. WHICH
! sUCu 4 rrAy WOULD THROW INTO THE HANDS Or
| THE LIECUTiVE7' Can b be forgotten, that II gss
said 10 1884, that hsd suEg5ston from Gen
Jackson, would have been r1ng ghoul tho Old Do
minOn with the reiterated fasohood about the PrOcama-
ton and the Protest conclusive proof Of all the sspra-
tons which have been charged the Hero Of New Or.
leans See, 'hoy would sayJ how he wishes put the
public money directly into the palms Of his friends and
pafuzana, instead Of keeping II depOsito IN Banks
whence cannot be drawn for any other than public puf-
poses, without certain detection In such case should
ieel that Tho PEOPLE HAD JUST CAUSE FOR
ALARM, end ought 10 giUs msir most wstchfu sller-
ton 70 sach ~ Effort 10 ENLARGE EXECUTIVE POW.
ER, And PUT IN ITS HANDS THE MEANS or
CORRUPTION"
Are wo 70 forget that In 1894 the authoritative Of
Cen Jacksons inends declared this whole Sub Treasury
System 70 he toild and dangerous sehsme7 Can hun
dfeds Of such expressions and sentiments that were utter
Cd BY the Republicans Of 1894 be forgotten by the Re
pubicsns Of 1885 ]" tOf by the Republicans Of 1876
And tits the man who such sentiments as these
Who hos mover expressed change Of HE opiniOns-hat
~ now found calling upon Congress carry through this
wild and dangerous scheme 20 Bot he h tie Executive
Organ! That feet may explain oil.
MADISON.