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Updated: June 29, 2025
"I care not if the name of Whig or Tory, with their interminable brawls about banks and the sub-treasury, abolition, Texas, the Florida war, and a million of other topics which you will learn soon enough for your own comfort, I care not, I say, if no whisper of these matters ever reaches my ears again.
Unless he descended from the Sub-Treasury, and sought some business, such as making varnish, glue, buttons, soap, sarsaparilla, or sewing machines, could he marry? What shrewdness had he in the place of capital to bring to bear on the requirements of these Yankee callings? How he worried over the prospect which looked so pleasant the night before!
"You're a swell-looking old pirate! ready to loot the sub-treasury and then scuttle the old craft with all hands on board! A breathing, speaking, robbing likeness!" "Maggie's right, and Nuts's right," put in Barney Palmer. "It's sure a rotten picture, and then again it sure looks like you, Jimmie."
The confederate captain, Willie Jett, who had given Booth a lift behind his saddle from Port Royal to Garrett's farm, was then courting a Miss Goldmann at Bowling Green; his traveling companions were Lieutenants Ruggles and Burbridge. Payne, the assassin of the Sewards, was arrested by Officers, Sampson, of the sub-treasury, and Devoe, acting under General Alcott.
When the next Congress assembled, General Harrison having lived only one month after his inauguration and the Vice-president, John Tyler, having succeeded him, the sub-treasury act was repealed; but the President refused to give his signature to the bill for the re-charter of the United States Bank, to the dismay of the Whigs, and the deep disappointment of Clay, who at once severed his alliance with Tyler, and became his bitter opponent, carrying with him the cabinet, which resigned, with the exception of Webster, who was engaged in important negotiations in reference to the northeastern boundary.
The only obstacle in the way of their triumphant success would be the sale of gold from the Sub-Treasury at a moderate price, by direction of General Grant. Corbin assured his co-conspirators that he could prevent this interference, and wrote a letter to the President urging him not to order or permit sales from the Sub-Treasury.
The real contribution which this meeting made to the agrarian movement was contained in the report of the committee on the monetary system, of which C. W. Macune was chairman. This was the famous sub-treasury scheme, soon to become the paramount issue with the Alliance and the Populists in the South and in some parts of the West.
With two strong organizations assuming all the functions of political parties, except the nomination of candidates, the stage was set in 1890 for a drama of unusual interest. One scene was laid in Washington, where in the House and Senate and in the lobbies the sub-treasury scheme was aired and argued.
We were now opposite the Sub-Treasury, its roof lost in the settling fogs, the bronze figure of the Father of His Country dominating the flight of marble steps and the adjacent streets. Again Peter wheeled; this time he lifted his hat to the statue.
He fell into my suggestions at once, and on the very next day advertised his 'Sub-Treasury. It took like a charm. I could tell you of a dozen young fellows just about being caught by the teetootallers, who couldn't withstand the new temptation. There was one in particular. His name is Joe Bancroft. Only married about three years, and almost at the bottom of the hill already.
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