The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-05-27
Tran.fers Of the Public Moneys.

The New York Express publishes a rejonder (Which
is copied in The Naiiomt fnsgencsr OF yesterday
reply OF the Secretary OF the Treas.
ury for his faithful execution OF The independent treasury
law in relation transfers OF the public moneys The
article OF the Express which is written in a temperate
spirit, makes points which require notice. and we
give them both in the language Of the Express itself
The FIRST is as follows:
We arguing this question on party grounds or
with parry views 50 far from IT, that
tves sbouId rather prefer let the present course be
continued calculated nafe the popularity OF
the adminis,r auon, for "a deidsdty condemned
BY oil oass Of mercantile connaly lho~i distine-
tio~ Of party"
To this positive allegation OF the Express. thai the
Of the present administration, in executing The
law il 10 written, as decidedly condemned by all
classes OF our commercial community without dis,inc.
ton of party" we offer as rebu,iing testimony the
following equally positive declarations Of the New York
Times-an authority in respect the feelings Of the
commercial class 10 New York both as wing and az
wsghiy as the EXPIRES. itself The Times speaking on
this subject, ays:
1--WE doubt whether the opposition in this cass 10 so
general here the Inelgencer represents portion Of
our business men, know, rod hike hars all syeloxy
ans "ptafio~ pas t iarrs ua~sfsys Of The gopunmssf
hroSga private hsnd, rsopsd. and ~ nothing short Of
avail, they have objection having tried
most titie Of the speci. clause
The safety Of accom- modsiing the good people Of New
York by whipping around the letter ard violating
seniis spiri OF the famous stxeenth one lar
10 public necessity and legality another. W. di,posd
10 honor Mr. Guthrie for aoftHg the Of duv
The there dorbf uhtfhsr one haU
ht nsa~es srch II dsported from ~ his rtdcesors
he's rsai call for a. its " rpabe
ptritro,"
Nv off he ~ A a.
business OF New York approve Nh Guthr.s course
and We infer that The Times right. because suppose
all sound men OF business be in favor OF fair and
faithful execution Of all the laws in their obvious spirit
and meaning
The next poin, made by The Erpres. is more remark
able. and plainly contradictory Of tn. who.
view which thai journal has taken Of The course pur.
sued BY the Secretary Of the Treasury The point thu.
stated BY the Express
But, since late remarks on the subject a ies
ture respecting u has been developed, learn tina
The drafts Of the Of the United States sub
TREASURER IN this CRY have appeared in the bh
Chsrleson pnd New Orleans. order fuuds fo
the public expenditures Hose points These drafts
presume cold lees than par; avid So a a, a
regards eoh ,yrv~~ GOD ri,k. preferable mode The
ratio~ Of but where In the subreasury doe
he department, find authority for thus turning bin broker
and entering nto the exchange business an competition
ohanse are thus being negotnei n the above cities
p'esans We shall them in Wal and in STAT
sno The sub-'rensury system become grand shin
es'ah.hmeni for promoting the paper circulation
%" VIC Inherent commercial rnsrts Of tho Union"
NoW' What IS the operation which he Express thus oh
,eeu 70 as heral' Suppose that the government has
The sub treasury al New York several millions surpla.
ana wishes 70 use al ST. Louis half million more thai
The soe-'reasursr ihete has in his vanhs thereupo
the Secretary Of The Treasury acting under The ,ran.f.
clause Of the iaw. authorizes the Al 81 Lon;
ioreceive from Merchants there who have nsyus,, /,
make in New York the OF half milion n rain
and TO give them IN exchange treasury warrap, fr ~
amount, payable al sight in New York By This oper,
ton as the Express admits no, dollar Of n. pphl,
money Is m any way rsked Ga ibe oontrsry. eer,si
sum IS hrst received INTO the treasury in coin al one
ana ihsn lad out Of The treasury AT apo,ber min,
'ao the whole transaction and by Il ,hs vovernrn,,
hs FUNDS where Il wants them and ind v,apals n.
hsf 'prds where they ars wanted n srchangs \.
tween hs two cities is srain., ST Louis The ,rsns,so