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Editorial
November 10, 1846
The Somerset Herald And Farmers' And Mechanics' Register
Somerset, Somerset County, Pennsylvania
What is this article about?
Editorial ridicules the Subtreasury scheme, noting the U.S. Marshal stores government deposits in a strong box kept in the Branch Bank of Cape Fear's vault, calling it absurd hypocrisy.
Clipping
OCR Quality
95%
Excellent
Full Text
The Subtreasury.
We understand that the United States Marshal for this district has procured him "a strong box." wherein to keep his deposits; and, that the box aforesaid may be safely kept, he has placed it for security in the vault of the Branch Bank of Cape Fear in this city. Can any thing more strongly illustrate the absurdity of the Subtreasury scheme? The Government will not keep its deposits in a bank: oh, no, that would be monstrous! But its agents put them in a box, and then put that box in a bank! If this is not "whipping the devil round the stump" we know not what is.--Raleigh Register.
We understand that the United States Marshal for this district has procured him "a strong box." wherein to keep his deposits; and, that the box aforesaid may be safely kept, he has placed it for security in the vault of the Branch Bank of Cape Fear in this city. Can any thing more strongly illustrate the absurdity of the Subtreasury scheme? The Government will not keep its deposits in a bank: oh, no, that would be monstrous! But its agents put them in a box, and then put that box in a bank! If this is not "whipping the devil round the stump" we know not what is.--Raleigh Register.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Subtreasury Scheme
Government Deposits
Banking Absurdity
Marshal Strong Box
Cape Fear Bank
What entities or persons were involved?
United States Marshal
Branch Bank Of Cape Fear
Government
Raleigh Register
Editorial Details
Primary Topic
Absurdity Of The Subtreasury Scheme
Stance / Tone
Satirical Criticism
Key Figures
United States Marshal
Branch Bank Of Cape Fear
Government
Raleigh Register
Key Arguments
The Subtreasury Scheme Prohibits Direct Bank Deposits But Allows Storage In A Box Within A Bank
This Illustrates The Absurdity And Hypocrisy Of The Policy
It Is Likened To 'Whipping The Devil Round The Stump'