Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-01-14
Fro= As Ma, Trk SHa.
WHAT Is THE SUB-TREASuRY 7

WHAT Is The SUBJ TREASURY
This question - asked by many who have not made
thens-lyes acquainted with one of the celebrated
nancia systems Uf modern times The question will come
before Congress in few weeks, when sh III have the
opinions In quarter la the meantime Il may be well
glonee Of the abuses OF the system in other
countries. which 1t Will be necessary to guard against IN
attempting ont here Mexico, several OF the
German SHte- China and other Asatc countries, have
had the SubTeasury system OF finance r I'm the earliest
periods of their history aud IN every county where pre-
Sa large standing armies required to guard the rea
sury and hold the people In check II we understAnd the
SubTreasuy law about be presented TO Congress, 1t
proposes collect the revenues OF the General Govern
men gold and silver sppolnt large number OF
new officers ct government be called Sub-Treasurers,
take charge the coin when collected - TO these
new Sub Treasuers annual salaries varying from five
shousand three thousand dollars each TO construct
great vaults with the requisite bolts. bars aud safety
locks for the saiekeepng OF the gold aud silver coin; aud
employ the necessary force OF armed IN all our large
cies guard aud protect these iron vaults from robbery
aud pdnder There Is great difference between this
system and that in IN Mexico. But we shall be told
that has had fair trial there, whether owing the
unprinciped character of the Military CheitHns VINO have
pnndered that unhappy country, To the tendency OF the
Mexican Bgb-TreasuTy system TO make robbers Of the
popu leaders the sake puade unable To
certain s however that mast O the officers OF gnNer0-
Insnt Mexico used the Sub Treasury their
they have robbed will numbering each other without
Iaercy pos sion Of the government and the cola IA
the vaults We have said that the Sub'fTeasuTY Is al
ways accompanied by large standing We believe
there exceptions Of this rule, m the despouc
Iies that have Sub-Iresures The Emperor OF Rua has
the o the COUNTRY in large vault Of MS own near the
Royal Palace surrounded By OF the best standing
mo- Europe. Such oi the evils existing ia
evsry country having Sub Treasury. IL creates dstrust
suspolUn and of confidence wherever prevails
The hnsucia system adopted by the present administration
appears be SAFE ud cious economical aud altogether
Objectionable. gives great satisfaction to the people and
all acknowledge that IL the safest and cheapest that could
be adopted. The administration requires from Its deposit
full in Government stock dollar tor dollar,
nnd the repositories engage pay the
gold slyero paper wanted by the government
part OF the Union without change expense of any kind.
This is certainly better system than locking up specie IN
vaults hiring Opulent fifteen dollars day
Keep the key employing TO guard the vuuis and
then earng parcels of specie around the country to the
places in which the government may wish pay
lite fGnds This operation IN New foTk-which co..
IeetS thirds Of the Of the government-woud
make city receptacle for robbers aud bngands
from all pnrs OF the world. They would flock hilh>
To rob the government cORdGeiGs OF specie as
iney passed out oi the cy tn The INTERIOR ana IN lie"
years would require immense standing army TO
troll the armed robbers that would gather around ". ok
the classes gather around the cities o MeX-
and Pekn. These desperate characters would have
their eonfedeaes every part Of the Union, and instead
f the dangerous classes Of fOgers and counereters, n
cdeBa 10 financial systems and who have 10
the honest citizen face to face IN pepetrang their vii
Ianies, subTTeasuTy like that IN Mexico would M our
cities and dangerous robbers aud midnight
Asassns who would become the scourse Of the county.
These from all parts Of the world would crowd around
elections, nominate their canddes and boldly order Their
elected Representatives, as Mexico rob for tue
eury" II there is any truth in the principles Of political
economy these the only evils sub Treasury would
bring upon the people, aud upon all the great Interests
honest hard working farmers mechanics, sborers
Zans, &c. &c But
This subject has never fairly discussed with sin
ale eye to the Happiness and welfare the people,
great question Of political economy, in which the whu,
county ntrrcsted, without regard 10 party party
Eanzaiions We take up the question in u spnt VI en-
quiry; and - d. ell Others entirely independent o
parry preueces Which too ,tten control individual OPT
MONS.