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American Union in Morgantown, West Virginia

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

American Union

Location

Morgantown, West Virginia, United States of America

Date

Sep 13, 1837

Page

2

Debates on a national bank and government funds

The text argues against establishing a national bank, warning it would entrench private interests and threaten republican liberty. It analyzes how banks and government deposits distort credit, favor speculation, and risk fiscal collapse, urging management of funds by the treasury and private, competitive exchanges. It cites Britain and the United States, stressing transfer, disbursement, and revenue collection should remain with government officers.

Great Britain United States Ple Congress Bank of the Bank of the United Sates Post Office Department Europe Toe Rere U. Guus Bank of the United States Wolfire Tressuey Treasury Avaultina Bank Directos Banka New York Washington Bin

Reconsidering Public Money and Bank Relations

The document argues for shifting Treasury custody from banks to legally established treasury officers, outlining safeguards, costs, and supervisory measures. It discusses the balance of public funds, the risks of executive patronage, and the need for a secure system to collect and disburse revenue while preserving specie and avoiding depreciated banknotes.

Also Mentioned on This Page

Meneye Caboe Petes Secretary of the Treasury Ech Army Navy Senate Treasury Department Came
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