,Enc Ei.cuI Agency.
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We learn from the Express that the Executive
plan for conducting the National Finances and in
cidcntay facilitating and cqlalizpg the Exchanges
has b en- fully m4tured, and agreed upon in Cabinel
council. It's essential feature is Issue of EN-
chequer Bills at once as a resource to the Govern
ment and Currency ior the People. These bills,
of convenient denominations, bearing no interest,
are to be paid out exchanged for cash by the
Government, each redcemable on demand at some
specified point, but every where receivable for
public dues at the pleasure of the holder. These
bills will be issued wherever the wants Of the
Government shall dictate, and made payable oi
course at those points where the Revenue is
chiefly collected, SO as to form continual though
limited supply of Exchange tending in the right
direction. The total amount in circulation at any
one time is not to exceed twenty millions of dol
lars The chef direction OF this tscaity is Il
be vested in officers appointed by the President and
Senate Ono, removable without the concurrence OF
the Senate and the branches in the several States
we believe are to be under the csntrol OF the State
Governments Such are the leading features of the





bill to be submitted TO Congress by the Secretary
of the Treasury.


This is not such regulation of the Currency Us
n majority of the Wings have desired and s,rug
gled for, but it is very much better than nothing
and we earnestly entrcat our Whig friends to make
no unreasonable or captous opposition to it, but il
possible allow it to pass. 1t creates no corpora
tion--no vested rights: it may be repealed next
winter if it prove not to good purpose
But we have faith that it will-hat after its chan
nels are worn smooth, and the experience of
year or Two shall have induced such amendments
as are found desirable, it will afford essential
benefit in the equalization of the Currency and the
fucllilation o.; Exchanges We admit that i, is no,
u Wing plan: there is too piuch Government con-
troll over it for that: but neither is it Destructive
IN any of Its features. 1t is fair compromise
betwecn the extreme views of the hostile parties.
and as such may be adopted pro tenn. with no
rcul sacrifice of consistency and with little If any
hazard to the public veal. Let us take the Presi-
dents fiscal,,y then, compromise-a half
way house-a breathiag-place. Its operation for
year OF two Will enable US all to review our
Opinions, revise them if need be- and determine
calmly and without passion the future Financial
policy of the Government. Wings in Congress .
we cntreat YOU 10 be impclled 10 oppose the
Executive plan OF Finance by no mistaken ideas
of Party consistency or Party advantage, bur on.
by imperative consideration. OF Public Duty


