The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1846-11-21
Government Financieriug.


Government Financicring.
Sir Robert Walker according to the N. York
Express--took his favorite broker-Mr. Core
oran of the firm Of Corcoran & Riggs at WASH
ington--with him to the North, in orderto aid
him in begging or borrowing from the Banks.
Sir Robert never needed an aid in Mississippi;
was successful in diddling the Mississippi
Banks for his own purposes, but we suppose
the Bankers Of the North, who were probably
aware of his tact in this respect, required
some one In whose statements they had
more confidence, and whose proximity and rel
alive position to the Treasury Department, en-
abled him to confirm Sir Roberts statement Of
the actual issues Of Treasury notes upto date.
No matter what reason he had for taking
Corcoran with him, Sir Robert is quite shrewd
enough in little matters concerned with inan-
ciering, as many Banks and individuals In
Mississippi can testify to their sorrow. Sir
Robert'sproposition to give to the banks 6 per
cent interest, provided they would take the U.
s. Treasury notes at l0I, was one Of his maneu-
vres, worthy of the man whose whole purpose
even while in the act of begging is to deceive
the public. He is willing to give the highest
rate Of interest, provided it would appear
that the Banks had sought his notes, and that
they were above par but the northern capita
list we're too smart for him. The very fact
that a government or individual is in mark ct to
borrow money proves that they are in want of
it: and to expect the lender to give more than
the face of their notes, while they may bear
the rate Of interest at which money can be
loaned, is too barefaced position to proceed
from any one but the cunning Bob Walker
Beggers, however, cannot be choosers, and Bob
had to split the difference with them il seems;
for accordingto the Express, (although doubt.
ed by other papers,) the anks have made a
loan Of four million Of dollars to the Govern
ment at 81 per cent. We presume the Union
will still reiterate that the Government has q
surplus Of Ave millions, but it will scarcely be
able to max ethe people believe this, whilst the
Secretary Of the Treasury isF'fn New York
borrowing from the banks. 1t. is decided
ly better and infinitely more candid, to borrow
money at once, even if Bob has to go to the rot
ten banks for it, than to pedling govern
ment shin-plasters every denomination, even
as low as sixty cent bills. which have been is
sued by the War Department, as stated by the
st. Louis Republican. No former abuse Of the
Banks-no professed horror of shinplasters-no
humbugging the people about Democracy's be-
ing in favor Of specie only can relieve the ad-
ministration from want when the money mus
be had to carry on thelwar and the Government
and instead of decsiving the people, if the lead.
ers had the firmness to come out at once, &C.
knowledge ltheir error and say they want the
money, not one would blame them for borrow
ing it; but to say in the Government organ thai
they had a surplus at the same time that the
Secretary is peddling with the Banks to Dor.
row will not do-the people cannot but see the
attempt to deceive them.