Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-03-13
THE BEAUTIES OF THE sUBTREAsURY.
FROM THE NORTH AMERICAN.

FROM THE NORTH AMERICAN.
Itwoud certainly puzzle very Philadelphia lawyer,
whether Wing Loco odscoer point any advantages
which have yet resulted likely to result, either to the
Government the People, from the establishment of that
greatest OF modern humbugs, the Subtreasuy This Yankee
nation has heretofore obtained credit both at home and
abroad for their talent and ingenuity exhibited in various
ventons and improvements the and sciences within the
last thirty years and regard abor sariag machinery,
their goa head tivencss has become proveiba Whilst how
ever the Of the psopt oapard that of the Govern
certainly reirograe every thing which it thinkers at
invariably becomes the for mending And in regard
the Subreasury the progressive Democracy certainly ad
RANGING bdchwars This humbug in fact bundle of foies,
inconsistencies absurdes and expenses from beginning TO
end No6ody petioned Congress for it, and aoJody in
fact wants ii it only trouble inconvenience, and loss
of time to those who have payments make moneys
receive from the Government and largely increases the
Pess Of the easuy without any corresponding advantages
The public funds forsooh, safe in the Banks where
the people keep theirs and the Government places them for
better security in the hands ofnairdGi When the banks
held the dePoes the Secretary of the Treasury could have
them placed at such points he directed without any Charge
but the Government is becoming rch by the Mexican
that they prefer the rS and expense of carng about the
gold and silver themselves The banks received and paid
the public funds tctfo charge but the Administration hav-
ing 50 much more money hand than they know what to
do with, prefer paying hundreds of thousands OF dollars to
Subeasurer and their clerks for performing the very
services which the banks rendered for nothing When the
banks the repositories of the Treasury all persons pre-
sentns the checks Of the Department promptly paid and
without any unnecessary delay but under the present sys
TEN, invented by the progressive Democracy" time is
money, delays dangerous facilities in cash operations
are not desirable, expense matter Of account risk all
moonshne, and public convenience il Of consequence
Whilst the banks transacted the business of Government
IN receiving and dsbung the public funds all the operations
were simple and expedous the con instead Of being
ed about from pillar to post remaned in their vaults
Of epose, and almost all the receipts and
ranged by checks. The Treasury Department
business merchants do theirs the specie them
it now, carted from the banks the house, from
the cusom-house 10 the Snbeasury from the Subtreasuy
the dsburslng agents Office from his office the counting
house OF the merchant contractor and from thence back
again to the bank All this loss of time expense inconve
and delay avoided This however did not suit
the patriots at Washington the patronage Of the Govern
mcnt not extensive enough satisfy the cravings Of the
JatR-more officers 10 be created, and partsans
waded Not content with welding the Stcora the nation
they wanted TO control the purse asb and the Subeasury
established for the oStensbe purpose Of extending the ccua
ton Of coin among the people, in reality intended to in.
crease Government patronage, multiply offices for devoted
followers and finally become merged in great Treasury hank
Thanks however, to the fmness Of Mr. BADGER Of North
Carolina Who prevented the bills passing in the Senate
the snake scochcd in the Senate last day of the
last session. and il remains for the new Wing House Of
Representatives 10 endeavor " kill il" at the next
NOUS VERRONS.