{"newspaper_name": "New-York daily tribune.", "edition": "01", "page": "p1", "byline": ""}
{"character_count": 2855, "word_count": 528, "ccnet_language_score": [0.9580000042915344], "ccnet_perplexity": [1151.800048828125], "fasttext_language": ["en"]}
Of the ninteenth century How much more Will
room in Washington be really and truly treasury
because Congress vote it so. That money IS IN ine
highest in the treasury OF its owner "heh II Is
in the most safe and convenient place tor his use.


The notion that the SubTreasury Will render the
public money more safe, is very strange one. Inc


money on the plan proposed ls 10 be taken from tne
responsibility of bank with million or two mil


lions of capital, watched over by company OF OH
GERS and directors and placed IN the charge OF an
individual " no will give bonds at the utmost not be
yond half million. The security OF personal credit
is 10 be substituted for cash paid in three or four
times the amount and this is called avoiding credits
and making the money safe. More than this the
deposits in this City are in the keeping of half a
dozen banks, no one OF which has very large sum-
and the whole is 10 be placed in the keeping of one
man. Why. the money will not be half 80 safe as
il is now though the same prudent man should be
appointed W no was appointed before. We presume
that no bank has amount OF Government money
equal 10 its capital To collect the whole amount OF
deposits from all the banks, into the hands OF one
man with security not equal 10 one quarter OF the
amount at hazard, would be great wrong. If the
Government would make their money secure, let
them leave it in those places of deposit which the
unanimous voice of the commercial community de'
clares most safe. Let them demand STOCKS as lt!r
ther security if it is at all necessary, and ABOVE all


let them so arrange the Tariff that the revenue VIII
be rather under than over the expenditures so mat
As-NA
rise the Secretary of the Treasury make mp def
cienccs by Treasury notes to 90 out when the funds
are insufficient. and be purchased back when there
is surplus. The present surplus might perhaps be
applied TO the purchase OF l. ). live per cents which
can be had at about par and if during the year there
should be deficiency, the stock might be issued
again. Some such process. acting as regulator;
would be economical for the country, and save all
agitation in the market and wi;ha give the greatest
possible security the funds; for surpuses not ex-
isting could not be squandered.


The truth is, this Sub Treasury plan puts the ma,
tonal money at great hazard and il its theory could
really be enforced it would most injuriously agtae
the money market. 1t is an effort to reject the Ia
ciitics which experience and sagacity have dlscov
cred for saving labor, expense and risk, In money
transactions The scheme is mischievous, and only
ruischievous; and in some Of its designs so mis-
chievous as to be wholly impracticable Is ii not
reproach country, that men at the head OF our
affairs should recommend such scheme as the eli
max OF their financial skill!