Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1858-10-14
The sub-Treasnry.

lChl lIdulSu ny d III
as was its predecessor, the United States
Sub-Treasury, has been denounced III
the bitterest terms by the enemies eftEe
democratic party. Nothing looking to
a enforcement Of the peoples money from
the banks, can meet with any favor from
our opponents. They seem indissolubiy
welded to their corporation interests OF
the State, and iagrantiy disregardful Of
those of the people. We propose to look
at some of the objects which have been
urged against it.
1t is objected that the provisions re
quiring all sums under five dollars du-
ring the present year, to be paid out Of
the treasury in god and silver is equiva-
lent to requiring the tax payers to pay
their taxes in gold and silver. The OBJ
lection is wholly unfounded. There has
not been Il year since the organization
of Knox county that its treasurer has
not, in the ordinary transaction of bu-
%siness, taken in more gold and silver
han would be sufficient to mike all the
payments which are required to be made
il specie. And the sums so received in
specie, instead of being paid out to per
SONS having claims against the county
and State, have been sold by the treas
urers for a premium often amounting to.
3 and 5 per cent, schieh Heeg htkcs 31or
eted. .Yhile.e rsaiteFrerce0mpetie to
receive in satisfaction of their claims,
the paper promises to pay of the bank
ing Institutions of the State. Aud hence
it is that, man State and county trea-
urers having nominally small salaries,
L.-o .l fro-, Hoo UIth VIZ lined
pockets. Instead of using the peoples
gold and silver to pay the peoples debts
they have sold it to the brokers and ban
kers of the country, and pocketed the
premiums as a reward for their financial
trickery. And yet more, the citizen
who received payment in bank paper
instead of specie, was often compelled
during our late financial crisis to sub
NIT to outrageous shaves, in order to rem
der his promise to pay available for bu-
siness purposes. rhe Sub-Treasury cuts
up this whole system of s%windieing bA
the roots. Surely the honest tax payers
should o object. The law acts direct
ly and effectually for the protection from
this swindling Of which he is made the
]unconcious victim.
But with what grace does this objec-
ton come from the lips Of our black
Republican trends? Do they forget their
model Governor Salmon z. Chase rec
commended the very system which they
are denouncipg Ieas more, have they
forgotten that in his last annual mes
sage, he out Heroded Herod, by reom-
mending that all sums under twenty dol
lars be required to be paid in gold and
silver? Let our friends beware lest they
be found.fighting against the King, Ii
it is wrong 10 require all sums under i've
dollars to be paid in gold and silver, why
is it not a much greater wrong to require
all sums under twenty dollars to be so
paid? Let our friends, therefore, before
denouncing us, pay their respects TO
Gov. Chase. We commend to their con
sideration the old saying 'Those who
live in glass houses should not throw
stones"
1t is further objected that the system
is wrong, because it provides one spe
cies Of money for the payment Of pub
lie officers, and another for the ordinary
business transaction of he people. We
we're astonished to hear this objection
seriously urged q few evenings since In
a publie1speech by a noted Black Re
publican orator. They who use it betray
an i~nexhaustable ignorance of common
est facts. The law requires the treasur-
err to paw out all sums under i've dollars
in nold and silver. What class OF men
are they whose claims are under i've
dollars? The county and State officers?
Not so! The yearly published accounts
of the expenditures teach us otherwise,
The salaries ofthc officers ofhno coun-
ty. the commissioners and surveyor ex-
cepted will average s12 or Sl5,ooo.-|
| These are not the men, therefore, to be
benefited by this provision of our law;
But there is a class who were intended
to be and will be by it. They are the
Grand Jurors, witnesses and all other
who have small claims against the coun
ty. The charge, therefore, is wholly
unfoumed a nd false. Its being urged
shows the utter weakness of the posi-
ton CT our opponents. The Democracy
have great cause to feel PROUD OF tnt
beneicent policy which they have inau.
rurated.-Mt. Vernon National.