The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-04-17
THE SuB-TREAsURY


almost strictly party vote. To the adop
ton OF this measure the dominant part,
was OF course pledged by the resolution
OF the Baltimore Convention, and bv thei
previous commitials. However therefore
We may regret the adoption of system
which, in ITS practical results, will, we fear
affect lnJurlously all the great interests o
The country, We cannot say that we ar,
surprised at the facility .ith which, al
though formerly so vigorously resisted, i
has been permitted, almost without strug
gle, TO pass through the popular branch o.
Congress. May we not, however, 4" look
to the Senate" for more deliberahon or
this radical change in the fiscal policy Of
the Government May we not, indeed
hope that that body, which, even as at pre-
sent constituted, has nobly indicated It's
CLAIM to be regarded as the truly conser.
rdtipe branch Of our political system, will
pause long before II gives its sanction to a
measure, the principal recommendation OF
Which seems 10 be that il is found in lis
simplest, and consequently in its most per
iect form. IN the most despotic govern.
mcnlsl
We copy from the n. Y. Courier md
Enquirer, the following synopsis Of the
most important features Of the bill
+" SEC. ). Provides for the appointment of re-
ceiyers general, to hold their Offices for the term
Of four years, al the City Of New Y oTk. a, Bos
ton and the city Of -. Louis,
SEC. 6. Provides that receiving officers OF Gus.
-. 4
named exceptions, shall keep the money paid in
to them, without using il, tail the same is order.
ed 10 be transferred be pad out
SIC. Q. Provides thu, all receivers O. public
money within the District Of Columbia shall
whenever directed by the Secretary Of the Treas.
ufy or Post Master General, pay the money re.
ceiyed by them into the Treasury and that al
Receivers Of public money elsewhere shuli pay the
money received by them TO the receivers. general
at least as often as once a week
SIZE 10. Provides for the transfer Of the pub
Inc money upon the order Of the Secretary Of the
Treasury
SIC Is. Makes it the duty Of the Secretary
Of tho Treasury, with much prompttude az
the convenience Of tho public business and the
safety Of the public funds VIII permit to with.
draw Ito balances remaining with the present
deposltores
SIC II, Directs the manner in which the
books shall be kept, &C. aud provides that any
loaning Of the public money or conversion Of il
TO private use shall be adudged an cmbezzle.
tneni OF such money, which is declared to lie a
felony, punishable, on conviction, by imprsoD.
tnent Tor not less than slI months nor moro than
ten years, and fine equal TO the amount Of mo- .
rey embczzIcd
SIC 10, Provides that a0er the ,hirieth day
Of Jane, $40, one.thlrd part OF all duties, taxes
sales Of public lands, debts, and sums Of money
accuing or becoming due Il the United States, I
shall be collected IN gold and silver and from
and after the thrtiet4 " June, 1871, one other
third part shall DO coi.ctcd in such currency
and after the 3Uth of June lsio, the remaining
one third part shail be so cullccted aud from
and after the last mentioned day oil payments OF
government dues OF Of postage shall b" -
ma sh'ef Itbpttfoets ell payments made by every
fl1o or agent OF the government, after the last
mentioned period, 10 be in gold and silver only /
SEE 81 Forhlds any exchange OF funds BY
my OF the officers or agents of tie government,
5tI.er than an exchange for gold and silver; and
iirrcts every disbursInC officer, when the means
or has disbursements are Furnished him in cur
cncy legally receivable to make hls payments
a such currency, or when furnished drafts, TO
maze his payments received Tor the drafts fur.
1shcd unless he can. in either case, exchange
lie means in has hands for gold and silver at pa'.
SEC g. Makes il the duty Of the Secretary Of
The Treasury to issue and publish regulations TO
enforce the speedy presentation OF all govern
ncnl drafts aud prescribe the time in which all
drafts shall he presented for payment and to .
guard, as FAR as may be, against those drafts be
ing used or thrown into circulation as paper
or medium Of exchange,
Sre "a Fixes the salaries Of the receivers
general, sc. The receiver general at n. York
10 to be paid $4,000 per anuum; at Charleston
- 500, and a. 81 LOUIS -, $40, &c X, Whg,