New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-04-10


10 his assistance. has been completely ecipsed by
the recent achievements Of LocoFoco Stetesman
ship. For six months have The leaders been con
irving and maneuvering, with the aid of some silly
and other mistaken Wings, to get their fingers out
of the Oregon trap Of their own setting The mass
of them never meant to fight about Oregon they
had no serious e1 pectation that England would sur
render her hold West of the Rocky Mountains In
Difference to their tannis and buster; they simply
meant 10 make capital, first with the reckless by
Bullying the British, and then with the consdera,e
by seeming TO yield the public anxiety for Peace
and compromise the matter in controversy. In this
event. they calculated 10 maintain their credit with
the boys by representing that they uonld have
frightened or logged England out of Oregon but
for the cowardy, treacherous, puslaDiInous British
Wing Hartford Convention Bluelights This game
10 yet played out but its present aspects are Ger
tanly not fattering TO the buffers
Their next dash was ut the Sub Treasury, long
one Of their favorte themes Of defamation through
out the country This is the great measure OF dev-
erapce and safety which was TO bless the country
bv preventing expansions fluctuations DC in the
Currency and purify the Government by drawing
ii from all connection with or dependence on Banks
II the arguments Of it's advocates are sound not only
is this measure most important and benetcent. bat
no other mode of collecting and keeping the Public
Moneysis Constitutional: consequently every day.
delay to carry out this policy is not merely wrong
10 the People. but a gross dereliction from sworn
duty And ye, the whole bevy of Polk journals in
our city are coniriyng ways and means for the party
to wrggle out OF their snb. Treasury trap, as well as
the Oregon.
The Journal of Commerce plumply de9ounces
the whole contrivance as absurd and barbarous-
Just ms if the Government should undertake 10 pro.
sorbc steamboats, and Railroads, and enact that It's
Troops Mails, Stores, &c should be conveyed only
on wagons drays. 1t is return to the machinery
OF the dark urges, truly urges the Journal, aud yet
that paper gravey urge that 1t is not matter OF
much consequence-tbati il will not do great harm.
or at the worst will never be thoroughly enforced
The Journal cucaiions on this subject are tarirom
being consistent reasonable.
The Morning Neros thinks 10 the bite Of the
sut.Treasury trap by examining its jaws with
Treasury Currency-a s2oOoOOOO issue OF Ex.
cheauer drafts or warrantsn other words, TO make
! The Treasury National Bank, with the Custom
Houses and Land Offices as Branches, and the Re
Celvere OIL fuDllc MOHtyb Ub DTOktfS. LINZ ~ pre-
cisely what Mr.. Clay always contended was the end
and aim of the whole project and policy, beginning
with Gen. Jackscn's suggestion of the plan OF N
tiona Bank which he would have submitted if asked,
which would obviate all constitutional and other
objections, md steadily pursued down TO tho pre-
sent timo-We do not think the Country lie yet pre-.
pared to welcome such relief from its perils,
though It may be.
Tho Erening Post. once hardest of the Hards, is
also casting about and continuing means of cxtrica-
ton from tho trap which its party has baited, sci
and sprung with its jealous cooperation throughout
1t thinks there Is n great deal too much panic in
Wallst.--that it will be very good thing by,and
by, when the first SILVER is over-yet strangely begs
for delay In taking the plunge, saying,
"St 1t Is necessary that the Independent Treas
ury should be- chopped upon abruptly IL is neces
sary part OF the that should go effect
within ak weeks IL might DO WELL also TO combine /,
with other measures.
These measures arc tho warehousing Bill and
the establishment Of Branch Minis. or the latter
the Post says
Again, 1t Is contemplated to establish branches OF
the United Sta,es Mint here and at ST. Louis. Ii 10
generally admitted that this ought TO be done the pro
per time for doing when the independent Treasury
Bill passes 1t Is common practice 10 lodge quantities
Of the precious metals with tho mint. No, dollar of
the money placed In ts charge has been lost Is the
saest of all places Of special deposit Let the OF
coin which 1t would be necessary for the
houss b. d,posd in tie branch ant Acre, and the eerts
GATES Of the miat taken. the trdatr Of SAich sd transfer
the nerey the cstom hosse TO the pGbc creditor,
BODY tss II branch OF tho mint were established
here those who talk Of the Inconvenience of and
whoelbarrows trundlipe specie about the cily would
be deprived oftheir favorite topic"
Here is q Mint to DO established, not really rs
Mint bui Bank. giving large increase of power
and patronage TO the Government. The Treasury
Bank would take no paper but its own while tbs,
would be readily accepted every where forming
currency TAR better than specie, or than any Bank
under the ban OF the Nation) could furnish. Who
does not eco that the Banks would soon be required
TO redeem most of their notes In specie whsrewi,h
to procure this bes, possible Currency which alone
of all Paper would be taken at all the Custom
Houses. Land and Post Offices throushou, the
Unioni The end is not Difficult, to foresee. The
Government Bank must break or render useless all
other Banks.
--An outspoken, manly, u and down Loco.Fooo
ise man we respect while we dissent from his
views He does what he thinks right and says what
be means But a man who advocates the Sub
Treasury yet says he is friendly to sound wellman
aged Banks of Issue and Discount. what are we 10
think OF hin, I Mus, he not know that this Sub
Treasury means destruction TO all Paper Money but
It's own and that ifit did not mean this il would
Tot be worth the breath already wasted upon it D
Its original eontrivers and propounders, the ultys
Loco-Focos OF 1855, meant jus; this by i, and
ayowed il they mean il still. Thsir conduct is
Ineligible and consistent, ba, your Sub Treasury
Dank Presidents and Directors what can they meant