Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-10-14
THE coNsr,rUrroN-sr RIGHTS.
The Sub-Trcasury.

IL the understanding Of those who succeeded in
fastening this institution upon the county. that
every respect TO all the purposes OF the
ment without the intervention of the Banks: was ef.
feet that Uiupsn object long kept in view by politicians
OF certain class. which Mr. Calhoun denomina,es
divorce Of Bank and State " it regarded rs a step
towards the utter humiliation OF those institutions which
the "loquence OF Loeoocosm has been employed for many
years in denouncing with all the invecracy Of private
ued. to tho country sefast upon the body
politician eye-sore to Republicansm, bane of Ma.
nonal prosperity, frausht with destruction whole
muncs, and carrying along in their train a thous, nd
plaques fatal than those of Egypt in the DAYS Of
Moses and the Phsraohs. The simple portion Of
the party believed regiousy in the tra,h Of all these de-
ineiations They had long been accustomed 10 hear the
old Bank OF the U. $ denounced a monster they had
50 long coupled with every thing that fearful in ina
gnaion, that they began last regard veritable
Monster Of hydra, sent devour themselves
their substance their wives and their children. They
hailed the act which separate the State forever
this dircul brood, with shouts of JOY Lto did these
honcs; but deluded conceive, that few short
months after the passage of their BILL the very Of
heer himself who was Its father would be found hawking
their darling treasury about the OF two
greatest commercial cities; knocking the OF these
very monsters begging to sell them for what they had
been taught believe. worthless rags OF character so
Perneious that they thought bear within them.
selves the seeds OF eoE;agon deadly than plague
smallpox.
OF all the plans esorted tho demaSoCues Of which
this age and country ia prolific deceive and unsead
tho public mind upon subse, cf vital importance to the
interest Of all, tis has 5een the bare-fsced- The
system, so far from working TO advantage work
all It has broken down the very first movement and
1t already lies in ruins monument OF impuden imPos-
i1'e on tie one hand and OF creduy on the
other So far from dyorcing the government from the
banks it has had the effect Of rvetng the links which
formerly connected them far from placing it high
ground with regard to those Institutions has laid pros
uae At their teet 50 far from enabling csntol their
action IN the slightest degree has left entirely their
mercy They hold the Keys OF the treasury with an iron
grasp they have the power "a bind and TO loose :" a
word OF their mouths, simple refusal accommodate
those whom they have every interest resse can clog
the wheels of government for any given period of time
or 1t such should be their WILL stop them beyond the
power 10 move again.
II IL impossible to foresce where all this will end or
what ultimate view politicians, have in Te-esIabshing
system repugnan the business habits of the coun
iry-nyolvng contradiction papabIe-which has al
ready been rei once before and found deficient IN every
essential particular II may be- having become por
ton OF the parry creed, has been found necessary to
snek TO IT. TO avoid the impuation of inconsistency 1t
may be- that the Seereilry Of the Treasury eertany
must be allowed TO have very orginsl upon most
SUBJECTS Is sincere IN his belief OF efficiency but the
most rational conclusion, and that which system it,
sell directs us with lrrepressibe force, is that Mammoth
Government B1uk is be the end all such a bank
as the Executive conrol-hich may be open A. all
times to his friends aud ed hermetcay to tho rest of
the world.