Arkansas true Democrat., 1858-01-12
The Treasury Note Bill.

The likeness between an elephant .. brickbaG in that neither can climb tre.N Fl between an oyster and cooked hat. i, NI neither wears silk stockings-have lops burlesque answers to that questionable s,. pen of wit which deals in far-fetched plays sports| words and sickeningly stupid conundnm, Hicatil takes stretch of political animosity d. slay: equally disgusting to propound similar ab'. anl ties in all gravity concerning great nss. o- measures. Yet divers eminently resnss conc1 old journals have committed and probaE' your still committing no less folly in regard 7 oev Treasury Note Bill recently passed by Con-, ,on
 ,, nJ conrlacent air pf conso;S rSo VI Pare al ness. which is unutterably comic. s'neart|
 These old relics of past age, followed Ter d little distance, inequaliblGs pedibus, by t.nenI crowd of little gTowlers at all democrats s-su,
 sures, have discovered that the bill convs'
 treasury into national bank, and is in witn1 a revival of that defunct and not too o5. .ume1 ous monster. These treasury notes thu, But will be a cheap and admirable medium {, I'll change between different parts of the cor. and will fulfill all the good purposes for ago, national bank was formerly adyoc., self Therefore we, late clamorous for such I,f al and still believing in the necessity of had regulator of exchanges, object 10 this bn '.I
 capital objection, and peculiarly gn,tt. from such source; and they say farthe, a'u admirable proiundity, bank issues prom;. ierm| pay the treasury under this bill issues pro, ,efo
 to pay; therefore the treasury Is bank. [,ave| doubtless add, in their opinion to the Sire of their argument, to observe that the tra,o
 note will be prettily engraved like bank inci1 that 1t will be on fine, strong tough |. he like bank note, that in order to hinder ner,| terieiters it will be curously complcat.i,s ,s ;f| arrangement like bank note, that it will signatures on 1t like bank note, that by ~" versal popular usage 1t will be either ca,ai luns| folded up put into a pocket book, or rere
 les3ly crump ed up and cramned into the set d pocket, like bank note, and last but not l., that like bank note it can neither cEmba nor wear silt stockincs etu l
 This multiplicity of resem mblances, to OI minds, must be not oaly striking but oyersaon| ering. Of verity tie old gentlemen and stra wives will believe that 1t IS bank note will gravely rebuke, if not disinherit, any bellious enid who may think the other opt Nevertheless even they may be able to con-a th| head the unlucky position of the coal coma sol| which spent much money and mined many .ad of dark substance which looked like smelt like coal, tasted like coal broke like ne and felt ike coal-the difficulty in the WAT on profit being only that it would not bun .ee- ] coal. .ad
 The treasury note under this bill will {. bond of the government of the United Ss .. bearing interest like other bonds, but mad hu| smaller amount than usual in order to aess, il mod9te men of small means, and take awarhe monopoly of government loans from bankyas bankers. This loan is made strictly temns one, because We have had au expensive exy' ence Of funded loans, in having been for sey hat years using surplus in the treasury to bull Il our own bonds at a high premium. saihe pressure in the commercial world has causods sudden cessation of the receipts from dG these treasury notes will be bought as sl e'e| vestment and the proceeds will supply the runt sury; they will be presented for payment yom the government gives notice that interest ,ock| no longer run on them and in the meanv,. a portion of them will be used, as times bec' "a easier, to pay those very duties whose ces@' ma has rendered the issue necessary, and will thyon| by cancel themselves. Their issue will anerj on the first day of January, 1859. they wiIpo appear as soon as the state of the moneys, | ket fills the treasury to its usual height; any in the meantime they should form an adu.ay ble medium of exchange, nobody ought teal better pleased than the very men who objeperI 'he w ,a'l -.o,,,, oon-;,.. .l:. ..-..-.. lep| indebted to these old gentlemen who sms HI national bank atar of in this bill, if they, VI each of them in their respective States use geo best efforts to get law passed subjectng al ,all| bank notes in the State to the provisions of
 bill. Let Do more be issued after a ce-
 fixed period, let them bear interest, let then n cancelled on redemption. Then indeed wsoeh rejoice in the wisdom of our aged friends, ant will fully admit that though the treasury b ne, bank, bank may become as safe as the J approximations Courier 'h'