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Facing the lake is the larger, a building of noble appearance, with a capacity for 1,400 persons seated. The smaller building only holds 800, but it looks as big as the old New York Sub-Treasury, and is twice as severe. Max Reinhardt calls the Hof-Oper the most beautiful in Europe. He is not exaggerating.
"Has the Sub-Treasury or the Aquarium made a total loss, or what's the matter?" he cheerfully proceeded. "No," said Cuyler, sourly. And without further answer he passed on into the President's room. "Good-afternoon, Mr. Cuyler," said the President, amiably, but the local secretary with a glum face stopped him. "Well, we've lost O'Brien," he said. "What's that?" demanded the other. "Lost O'Brien?
The Sub-treasury and Custom House were defended by the Tenth National Zouaves and a hundred and fifty armed citizens. In front of the Government stores in Worth and White streets, the Invalid Corps and a company of marines patrolled, while howitzers loaded with grape and canister, stood on the corner of the street.
But New York cannot affect the general restoration of the currency, nor any one State, nor any number of States short of the whole, and hence the duty of the general government to superintend this interest. But what does the sub-treasury propose? Its basis is a separation of the concerns of the treasury from those of the people.
They believed that the depreciation of the currency had caused the distress of the people in the panic of 1837, and no man in this stormy era more vigorously upbraided the pet-bank and sub-treasury system than Robert Toombs.
Of course, it was a trap, but what connoisseur of the adventure grotesque could refuse such a bait? All I wanted to know was with whom I was expected to match wits. "Of course, the thousand-dollar bills were counterfeits stage money? Not at all; every one was as good as the gold it called for at the sub-treasury. Bribery? From whom and for what? Doubtless I should know later.
And this it has ever done. In all the vibrations of the political scale, whether in relation to a Bank or Sub-Treasury, Free Trade or a Tariff, this immense power has moved, and will continue to move, in one mass, for its own protection.
Webster devoted himself in the Senate to making every effort to mitigate the evils which he had prophesied, and to prevent their aggravation by further injudicious legislation. His most important speech was delivered at the special session against the first sub-treasury bill and Mr. Calhoun's amendment. Mr.
On the President's recommendation, agitation now began in favor of the sub-treasury or independent treasury plan, still in use to-day, of keeping the government moneys. This had been first broached in 1834-35 by Whigs. The Democrats then opposed it; but now they took it up as a means of counteracting the whig purpose to revive a national bank.
I saw at least half a dozen come in and sip a glass of Sub-Treasury, who I knew had not tasted liquor for months. I marked them; and shall be about their path occasionally. But the best thing of all that I saw, was a reformer break his pledge. He was, years ago, a noted drunkard, but had been a reformed man for four years.
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