Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1846-01-22
Progressive culocrncy..-Sub
Treasury.


Treasury.
Progressive Democracy has been de-
fined and amply illustrated by various in
dividusls who range under its banner
Although claiming to be Jeffersonian DE.
mocra,s, they hold 10 The principle tina,
wha. may have been democracy in the
days Of Jefferson may not be SO now
They make This principle the seape goa,
Of all their ergiversaiions of all their
Inconsistencies. Driven 10 the wall in
having some Of their mos, glarins depar-
lures from the old democratic landmarks
pointed out and exposed. they could not
in fact do otherwise than give such de-
fini,ion as they have done and retain any
identity with the name of Democrat
With this definition held up to view they
can now adopt the most ultra faderal dog.
mas and proclaim them 10 be genuine
democratic doctrines. Was Protection to
American Industry democratic doctrine
in the days Of jefferson! In the view Of
the Progressive democracy, i. is no long.
er such. They oppose i. with all their
powers. So Of all the grea, leading mea.
sures that have contributed to promote
The glory aud prosperity Of our nation;
while they were devised and enforced by
the democratic fathers Of the Union, they
are now repudiated by the Progressive
Democracy. and opposite principles and
opposite measures are recommended.
All must see the subterfuge Of these
pseudo democrats. Their cloak is too
thin to cover up their deformi'y. Those
who love democracy for its own sake be-.
lieve it to be unehans cable. Blu. there
are those who. simply to retain The name,
would desecra.e the lofty principle Of de-
mocracy in accomplishing their own sell.
fish ends. They would sacrifice the dear
est interests Of their country FOR the sake
Of retaining Office. They seem 10 forge.
that their own acknowledgment seals
their shame. Being their own interpreters
they attach to the meaning Of Progress.
ive. which title they have adopted. the
idea Of change. wi1hou, rejecting tina.
however often men may shift. their course
PRINCIPLES ntvtr change. Democracy
is principle. and is no. therefore .ubjec,
to change. Out Of their own mouths, then,
these prcs.essiyes stand condemned.
We could give many instances to show
their want Of title to the name of Demo-
crat. but tbs, is no. our object. We wish
merely to show the progress one dis,in.
guished man has made within the short
space Of ten years in relation to a single
measure. ITO say nothing Of the denun-
Citations the Sub Treasury Scheme receiv.
ed from Gen. Jackson. Mr. Richie. and
other leading men, when i, was frs, pro.
posed, We give below passage. from the
speech Of Mr. Polk. while he was rep
resentasive in Congress from Tennessee
to show what were his view. in 1885.
"A gentleman from Virginia (Mr Cor.
don) has signi6ed his intention TO move
the amendment TO this bill which he pre-.
sented. and had printed by order of the
House some days ago. Tha, amendment,
provides that the collectors Of the public
revenue" when The amounts collected
are small, "shall be the agents Of the
Treasury,to keep and disburse the same;''
and that they shall receive an annual com.
pensa.ion. 1t provides. further, that, a,
places where the amount collected shall
be large "receivers," shall be appointed
"to be agensssof the Treasurer, 10 keep
and disburse the public moneys" and
that they shall be paid an annual com pen.
satioh for their services"
ut may be we'll questioned whether
the heaviest security which the mosl
wealthy individual could give could max e
The public deposi,e safe =. the point oil
large collection. In the city Of New York
half The revenue is collected. Several
millions Of public money may be in the
hands OF receiver at one time; and if he
be corrupt. or shall engage in speculation
or trade, and meet with a reverse Of for.
tune THE LOSS SUSTAINED nY
GOVERNMENT WOULD BE INEV.
TABLE. With ample securi.y,as it wa.
supposed. the Government lost a million
or more in the tea cases, few years ago
The losses in three cases alone, as already
stated. in 1927 and 1928. when it wa.
supposed ample care had been taken tr
secure the debt. amounted to near two
millions. As, then BETWEEN THE
RESPONSIBILITY OF A PUBLIC
RECEIVER AND BANK CORPO
RATJONS, as banks do exis, and are
likely TO exist, under the State authority
the LATTER UPON THE GROUNl
OF SAFETY TO THE PUBLIC
ARE TO BE PREFERRED"
|
| 'If in the hands Of receivers. they mus
either hoard it (.he public money! up BY
keeping it locked ap in strong box, 81
use il at their own risk in private specua
ton or trade, or they must. for their ow,
security. and on their own responsibility
place ii Mt last en- Opposite in banks fcl
safe keeping, until they are called OIL b,
the Government for II.
This same Sub Treasury which NJ