The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1891-01-07

Cost OF maintaining insurance 1858 buidin
and their contents per year say in a lump su
Total sub-treasuries ACKNOWLEDGEMENT.
kX Total number of employees per year.
III Total cost OF employees and expenses per year
IN Total cost OF plant ...................
III In making the above computation 1
have not included the cost for engraving
the plates for printing the new green
back currency the cost for paper and
additional employees in the Bureau Of
Engraving and Printing for it would re-
quire more than double the present force
to keep pace with the constant demand
for new notes occasioned by the retiring
and destruction of the notes redeemed
The other bureaus of the Treasury De-
partment, the Secretarys office, Treas
urer's, Registers and office of the
Comptroller of the Currency, in which
bureau an account is kept of the issue
and redemption and destruction of all
notes and bonds issued and redeemed by
the Government would require
than triple their present force to keep
Inace wt.s~Ale dewHAa,1 and would cost
st, u We a sebs s9ari for estaD-
les and warehouses
doll oGnoo and IN other ssg
on of Congress by
1terward withdrew
the ground OF its
He had good
for under the Con-
ting laws the only Of
sctly by the people TO
fairs of the National
the President, Vice
Nmbers of the House of
-1vison OF the bill pre-
5or Vance, one Sub-Treas-
divided for each county in
the United States. TAX
number of counties in each
United States, there is pro-
he election by ballot of 1858
ry agents. at the same time,
manner and for the same
= me 1.-TWO years. rs a member
IS is elected for for the man
fnce)f each SuDTreasury in the
forYhich he is elected
Neasury agents, being elected
ter l)d Office for two years
10Y, .9f ey en- accorded to the
VI Treasury, their superior
lid they be found guilty
- instructions, in the
NJ-D Of public funds and
their hands, they could not
without process of law by
mt the agent in the meantime
red TO handle public funds and
htil adjudged guilty.
nee also requires the aboli-
tonal banks. Perhaps they
. how the business of the cOun-
conducted without the aid Of
an l.nks place of deposit for
10 rs money against which they
can IL ~ checns and negotiate drafts
~ arres5fsN exchange in al mercantile
~ and trade transactions throughout the
IL The whole thing smacks of going back
the old State banking system, when
Nnterfeited bills and bills of broken
Is constituted about one-fourth of
--i s,per circulation Of the country;
IRWilt man VINO owed you could come
re hbe morning and pay his debt in
a, oa,rlIs OF half dozen State banks
(Which, according to your best judgment
:: !: J: 7. ]:
Ifvand information at the time you accepted
Vnyit was good but two hours later when you
I'm AZ made your deposit in your bank the re-
~ cpiVng clerk would throw out three
- four five and ten dollar notes, some of
which he would pronounce counterfeit
and the others OF broken and worthless
banks, and you would go home thinking
what worthless system Of banking we
had, and what dupe your debtor had
made of YOU If you could find him and
make him make good the loss well and
good otherwise you had to stand 1t.
Then the rebellion broke out and the
national banking system adopted.
Taking the large sum as previously
shown to be required TO build the sub
treasury warehouse system, and that
which would be required TO purchase the
railroad system of the United States, the
Government would not only be the
largest borrower in the world but would
soon become hopelessly bankrupt.
1t must not be forgotten by our farm
ers of the North and West that the men
who are engineering the above described
schemes the parties who, after JEFF
Davis, King, Floyd and others during
the latter part Of James Buchanan's adj
ministration had transferred what little
gold and silver we possessed OF as
nation TO the sub-treasury and desig
mated repositories of the South, and
whatever munitions OF war had in
Southern arsenals seeded and went in
20 rebellion. They stole every dollar Of
the gold and silver and munitions of wal
transferred and Gsed them TO DESTROY
the Government
After this theft had been accom-