strings: Charleston, and St. Louis, and consequently are to be depositories of all the money collected at or near those points; so that more than three fourths of the public money will fall into the keeping of these four new offcers, who did not exist as offcers under the national-bank system. It is only partially true, then, that the money passes through the same hands, under a national bank, as it would do under the subtreasury. It is true that under either system individuals must be employed as collectors of the eustoms, receivers at the land-offces, etc., but the difference is that under the bank system the receivers of all sorts receive the money and pay it over to the bank once a week when the collections are large, and once a month when they are small ; whereas by the subtreasury system individuals are not only to collect the money, but they are to keep it also, or pay it over to other individuals equally unsafe as themselves, to be by them kept until it is wanted for disbursement. It is during the time that it is thus lying idle in their hands that opportunity is afforded and temptation held out to them to embezzle and escape with it. By the bank system each collector or receiver is to deposit in bank all the money in his hands at the end of each month at most, and to send the bank certificates of deposit to the Secretary of the Treasury. Whenever that certificate of deposit