The republic. [volume] (Washington [D.C.]) 1849-1853, 1849-11-24
The Monroe Declaration and the Sub



Treasury.
We have placed the above words in
Juxtaposition, by an association that con-
meets them very materially. Our readers
have had an opportunity, during the last
week, to see the facility with which VEN
cradle neighbor of ours can eat his own
words. They have seen the difference
between what was true Democracy in
1926 and what is true Democracy in 1S49.
We now propose to show them on another
question the difference between Democ-
racy in 1884 and 1887, and Democracy
only twelve years later. No one can be
surprised at the peculiar modesty and
moderation with which the Union urges
all its present notions, when he occasion
ally compares the two phases of the only
true faith, as it is exhibited in the columns
Of the Union and the columns of the Rich
mond Enquirer, edited by THOMAS RlT-
CHE. Read what our venerable contem-
porary once said about the Sub-trea-
sury, and you will not wonder that
ne eulogizes the MONROE declaration.
Who can wonder at the "moral indigna
ton" he exhibits at the appearance of any
political inconsistency in an opponent A
man who has always been such pattern
of consistency is authorized to pursue this
course. In order to maintain his character,
it will be necessary for him, in something
like twelvemonth, to praise General
TAYLOR. We annex the speculations of
our venerable contemporary on the Sub
treasury, and invite him to show how diff
ferent thing it IS, from what it used TO
be. What short memories some people
must have-and people Of that very class
who are said to have need Of the longest
From the Richmond Enquirer.
(THoMAs Richie, Editor.)
"This scheme 1.-THE Independent treasury is
6 wicked, because it only be said to be a wan
9 ton experiment to dscredit the present State
banks and would essentially aid Mr.. Bddle and
his bank in breaking them down.
'Lct ii get foothod and all the restraints of
the Constitution will be broken down, with the
liberties of the people"
''The institution and establishment of Sub trea-
suries at all the necessary and commercial points
in the United States would cost the Government
several millions of dollars. Strong houses, with
vaults, chests, bars, bolts, and locks would be ne
cessary, with regular corps of watchmen and an
additional set Of officers. To blind the public the
scheme might be commenced with very few new
officers, but they would soon be increased to any
number actually necessary"
"For the benefit of Mr. Gouge's argument, we
will suppose all the State banks put down, their
charters repealed, and, if you please, the Fanny
Wright doctrines carried out far as its advo-
Gates desire; all grants to lands annulled debts
contracts, credits, and slavery abolished; mar
riages and our obligations to morality and reli-
gion abrogated; and every thing we want to be
purchased or sacrificed by the actual payment of
gold and silver; and in what would we be inn
proved?''
"We go for the sound State banks-those which
will answer the purposes of the Government those
which are honest in their wishes and Jealous in
their efforts to resume specie payments-in pre-
ference to the treasury system"
"We have objected to the Sub-treasury system,
80 called, that, in the first place, it will enlarge
the Erectitue po,oer, ALREADY TOO GREAT for re-
public; secondly, that it contributes to endanger
the security Of the public funds and thirdly, that it
is calculated to produce two currcncies--a baser
one for the people, and a better for the Gov
eminent"
eve opposed the sub-treasury system 80 de-
{ in 1897"