Newspaper Page Text
Halt Mt&t r
A,. H. BUCKNERt
" TOWER IS EVER STKAU.VO FROM THE MAXT TO THE FEW.
Editor and Proprietor.
VOL: 8 NUMBER 25.
BOWLING-GREEN, MO. SATURDAY, APRIL 3, 1841.
WHOLE NUMBER 389.
TERMS 2 SO if paid within three month.
S3 00 if paid duriaf tha year.
T . ww ww. plfl ism bus .uw TW. . . - " - . - - . 1 1 n ... . I . I e
Subtcrlbera may diaeoaUnn tbeir paper at any lime i' countries in whch paper mnov Banking, such sums as their customers might leave in
lTJJJ th thy fc,w receiTed thm" rapcr niooe.v of anv kind, has been intro- their hands. For their . own convenience,
HOT WITHOUT. doeo.l it J -, -. . . . I.. .. .... . .y r.
Tboae who uberibe for a year, and do not at the ' " u,,"e ,r,ui" ev,u Austria. Kus-i iney would establish a pitolic O.lice oi trans
tine af subscribing , order a dueontinuanee at the end Sweden, P lance, Denmark, Portupal,
of it, will be considered subscriber until they order the Brazil, ami Buenos A vres all bear witness to
paper to b. rM-M.Ji- : this truth as well as England and the United
l00per.q...re.for ta .,..., ,. .ortbe 6i-t inr CWnV" ir .hiSTtf CUntneS
tion. and SO eenU breach continuance. w.ma. in which paper money was tried be-
CTAd'ertiseinenU mut be marked with the. number ",r " Commencement of our era, and on
oflnsenioni. lliat are requested; othersive, they Kill be experience nf its j' effects, abandoned
vS, N "riou, evils that are mention'ei as
Adrert.seraenl from adixUnce, and from persons J'"vg I'Om Banking, proceed, in fact, from
with whom we hare no current accounts, must he ac "buses of it. Banking on proper principles
com pan led by the cash, or some responsiMa roforciKa is productive, ef gwlhaMfiU"- -
i. Inan ttr.-. l . . i . Ii . vt
aii utter aditri ao tb editor. muM be rovTrAir. " """P'y a.niMt mat Hanking on proper does less evil man in npana, almoin P-.-
ortiter will not be attended to. principles would e productive of ureal ben-1 per money is used in both countries.
Communication of a Personal Character, will be ehts; but vvedenv that Bankin" with paper) Private banking in Switzerland, Holland,
ebareed double the rate of .dvert...ne. j money, or by corporations possessing pecu- France. Hamburg, and Bremen, docs much
- - - ' i liar privileges, is Hanking on proper pritici- good and no evil. Such a system will we
ed to wealth far greater than we can boast counted on more fivoiable terms than at .temperance, are the only true sources ofi
wiuiout tl.e aid of chartered Rinks. In present. They would allow interest on public, r.nd private prosperity, the only safe
guards oi uepubiican principle?- tne rate
ol Missouri presents at this moment a mmi
striking example of the wisdom and efficacy
of the Democratic policy when steadily
maintained, without the oce: sional int. rfer
ence of a counteracting influence, interrupt
ing its salutary course, nnd sowing the seed
of difliculiies which occupy years to over
come. Should the friends of Democratic
principles wish to point out to the worId nn
example of the results of their steady and
practical application to the Givemment of
mankUv-V thev may -furu-to Missouri wiih
Pcper is more convenient in large, pay-
Prn n TviiiKriaa TnMiiirv into the nrinii.!
o, tue .wnc k , g cyem: j Mmt from ,hc (,a of , pavinpnl.
CH VI fbU A. I all those that are made on account il accom-
Of the Popular Arguments in favor of . mndations at II nk. and all tliose made on
Htt -iking 'account of tl, wild speculations introduced
The oijTti-'i:- uiMivni Hniks by H -nkini:. and it w ill be found that so few
are o t:m-e kiii.K. Fh .mi::i .i arise Iroin , lare payments would rctuaiii ti be made,
their su -it:ri:i piT in mey I r ncSalli'.'.. that we j-hould be al!e to et t hroimh them
Secondly, uch as arise (Vo n thei. intio.lu-! all vviihmi! (liiFirultv. To count out a sum
cinj an unsound syste-ii of credit. And i in ten or tvventv dollar poM pieces. wouM
thirdly, sucli as arisa f:;ii t!ieir nature as i ! as eay as to count it out in ten or twenty
corporations. If the reader will take a view ! dollar ink notes. I5ef.re the esnhljsh
ol all the deferent operations of the Ii inks, ; ment of a 15 ink in Montreal, pu neas were
connecMnsr tliem topether in bis mind as they 'done up in rouleau, and such was the cor-ar.-
.lonnecled in fact, he will require no re- li.lenie ihe merchams h id in one another,
fuiiii 'no! popular arguments in favor mat th-- p ificr nv.-lopi-s of the puineas ere
of t!u sy tfin. .eeiilii'l- s, it m iv n-'t be ! s-'ld jin broken. We mentini this merely
amiss, fur the satisfaction of some, to roiisid-j to show that the erTectintrof I.irpe payments
er these aruim-nts m the foimiu which liiey i with uvt il'i: money, would not be a work
are coiiMion'y presented. !! sj nnwli dilli-nlty as some imagine. In
"Bunks mjk money ph-nty Jcises weerepreat despateh was recpiireil. the
No, they make rral money scarce. As Hink ; the silver oi pot uii.nty niifht be weighed,
notes are circulated, gold and silver are tlir-j ;,s was d"ne by the bank of Copland in
ven away. It is ciititrary t the laws ol j I S-o. when the demands 'or old were so
nature f r two material bodies to fill the j urpent. that the teller ha. I not ti ne to count
same si ;; at iiie sometime: and no fact the sovereigns they paid out.
i:e't-t est i-.i.. than th-it, wlierr t'. ere ! Ii we v i-h ell'eel I irje p morn's witli
the least possibh' meoti venieiice, we must
e-tar.lish a sinpli office of rii'fosi'e and tr. ins-
are w kn.d- ! cii'iency :ni:lioti7 d ' t:iw
or sanctioned by msto . that which fas thi
least value w iM displace tti o'het. I' Bnk
at auv ti.ii" oi :!;e ino;-ev tnn'i- i' n'.ili;! i'.: n
it u'oiilii he it .ii!y f"-hl Mid rircu
I: t-d, thev di . i js . .hie in tn'-rca iuir
it. qu in fit y." vu
tiui.iti hi of thin-. i e -v
noi an a'oisi i aMe I to the
ler in e::c!i larpe tovn. This Would save
tiie time w hn-h is ntw hist in miming from
l'.ark to I5ink
Paper savs the near and tear of coin."'
it rel 'tive e , Toe savin.' is too itisinihciint to be taken
e'l'i. need, but iti'o a natioiial account in a sul ject of so
wv'hh f i;m imicrli iinp'Tiiitice as the soundness f the
j currency. .Mr. (! a'iatin f vs th it "the an-
fer and deposit, and pay the pieatcr part of
the expenses of this ipstitntton.
The stem .'f private Hanking in Eng
land, has done much ev il, (though much less
evil than the system of onrporate Rankin? in
the United States.) hecnuse the private
Banks of England have traded partly on
paper money issued by themselves, nnd part
ly on that issued by. ty.Hir.fc of England.
In Scotland. wLe irr":tinfT nowex
1sio the unincorporated Bapfts, the sv-'em prr.tificjition nnd irluflrrptr. -
I he leptsiative address wntch .yon nave
oiiveyed to me "n such obliging terms, and
most e-pecial!y the resolutions subsequently
adopted by the memhers in Convention,
speak of me. in connection with the ne.t
Presidential election, in a way which makes
a more particular notice of the subjects on
my part, consonant with that unreserved
Communication of my opinions nnd wishes in.
relation to public iifFdrs which I have always
maintained with my p-'itic:d frinds.
Having, f r year, been nnceasin-jly as
sailed with the imputation of intriguing for
lave in the United States, when paper mon
ey shall le nhobsheil. In every town in
tho United Stites, in which there is trade
enough to require if. private Hankers will
spring up, who wi! receive money in deposit,
and pay in'eret for the use of it; lend
money on interest; buy and sell bills of ex
change; attend to the collection of debts.
and in vari us ways facilitate bnsines. Op-i the Presidency. I felt it due to myself, when
crntinx (n sufficient cmital. these private I urs nominated, as w'l a to th -e by whom
Bankers will not ruin ihir customers by vio
lent "contractions." either wi'l thry in
cite them to engage in improper enterpi ises.
ty sudiicn and trreat exp 'nstons.
zens in rations other portions of the Union,
under circumstances apparently so discourag
iop, yon cannot doul t for a moment. It is,
on the contrary, in the unfeigned respect I
cherish for those who hove offered me these
testimonials of continued attachment, that I
find the Mronuest Motives to ir.eet them at
the threxhhold, by a free and frank expression
ol my vitws and feelings on the sulject, in
dicated in these declarations of my frieni.
I beg yon, therefore, to believe ire, when
I inWm you that the personal interest which
I feel in the selection ol a candidate for tho
next Pres dency, is restricted to a considera
: inn f the ult'imtr mnWnce it may have
on tlie bo d success f those preat principles
on which I have earnestly labored to adminis
ter this Governmei't which 1 have ever he
lie veil, and still believe, essentia! to the free
dom and happiness of our common country,
and with which I have al ways tccri content
to stand or fall.
Although I might nevpr feel myself at lib
erty to shrink from any and every responsi
bility which it may piease ihe Democracy t,i
the United States to impose on me, ai:J
which is consistent with the respect due to
ihe people on account of the high station t
have held by their choice, I should, nevr
theless, be not merely a well, but better,
satisfied at seeing those great objects ac
complished under the auspices of gome one
of the numerous unities 'o be found in the
that nomination was made, lo put these char
ges to the test, by declarim. in the face of
mv (ellow-citizcns. that I o n! neither solicjr- ranks of Democracy, whose talents, charac
ed the ai l, nor sought th support f nnv ' ter. and services, though they rich'v merit.
O.ir corporate Banks d. no rood to com- man for that hih and responsible station: have not vet received, the highest rewaids ot
pensate for the evils they occasion, by their j unless my frank leplies to the interrogatories the people.
contain::! :;lter-itons of the measures ir val- ot my r.tiintrvnien in relation to ti'Ic men
ue, by t'o uncertainty thev give to trade, tires ami political p-inciple. toe'her w'h
an I by the advantages they confer en some ! mv constant and si cere e'fi'rts to ma e mv
men over oilier. With prn ate 1? inks, and . self worthy of their revnvd nnil confide- ce.
pulric officers of transfer an I deposite. we e-e Ii J 'e lo that r-eistn:rtion. For tl-.e
should have all that is good in the pie-eni ; tnnh id that d.-el - icn. I to the
system without the evil. ; but., o! ' ' cuMip'.sed
tj,. t . . p- . ii- ., ,.. fnl'lier
.. It tl, .,l,f,-t tt.r.M
u Bin!: .wiViv'i the rate of iiil'-r'st.
S far is this Irom beinj true, that
Biiiks tend to increase the rate of interest
by collcctiiig capftarinto large masses, and
diminishing the competition among money
lenders. They also, by their various opera
tions, immedi ite and remote, give rise to a
mulittnd of usurious transactions.
" Banlt do m'lC1 gon'f bif lending money
lo iii liri '.v.'"
B'lt much le. j I t ri-i uoi, I (.( d .ne.
by the ow ners ot ti:js Vi -l, i '...-tj
elves. (jinks, as was ohse-tel ut a p.c
vious c.ll ipter, do not increase Ihe I 1 1 : t -1
capital of t'.e enn'rv. bif only tike it out
of the ban I- ii" rs t p let irs. and place it
under the c.-.it-- ' of n t -s;iitisi ! Bank 1).-reetor-.
i If t'li- ir-r" vi! llaiik not s. sfi'rie
t 't .'" .' 7 ' freyfii'tif tranxp-irfe I
loanilrirn list ml it ir's rc cuin rii. at
gre-it exp-ii.'-.' ait great ridi."
The trade ''wceii ill," i-nt p.r's of the
coun'ry isn t n h-oi.e .t n fc notes
or d specie, but ot i' e o,.i.-. ..I f . s.-i!
and the indus'r of t ..- in. !.t..uis. B
private hills of ex'-hane. the siiins due to
one trader fMtild i e tr 'iisf. rred lo another;
and it Would he necessary only occasionally
to discharge It dances in specie. This i. in
fact, th present custom of trade, Bank
notes being to only a limited extent, subsi
tutes for bills of exchange.
" Banks diminish the. rale of exchange be
ticeen different parts of the country.'"
Then they do great evil. The rate of ex
change is the natural balance-wheel of trade.
Banks ciunot iiitetfere with this, without
doing harm. When they lessen ihe rate of
exchange, they remove a natural check on
B 'a nks give greater secur it 'if than indcidu
als in buii'mg an i srllitg exchang'-."''
If they di, it is because the other opera
tions of Banking have rendered all kinds of
Jiusiness uncertain. In countries where pa
per money is unknown, no more risk attends
dealings in exchange than attends other
kinds of dealings.
Surh are the customs nf trade in the
United Stales, thai Banking srm necessary."
'. Bat the customs herein referred to have
their origin in an improper system of Bank
ing. nd as they are pernicious, ought to be
" All commercial countries have some says
of .Banking? t
And n n have a worse system than the
nual amount wanted to repair the loss occa
ihe 1 sj.ined bv Iriction in gold and ilver coin.
cannot exceed, taking the biphest computa
tion, seventy thousand dollars a year in a
coinage rf forty millions, and is probably
much less." This estimate has been formed
by Mr. (.., from various opinions dedu
ced from actual experimr nis."
Dr. M'ore. ihe drodor of the United
States .Mint, in a repot t mode to the I'tesj.
dent in 1 C2o. compe tes the loss on gold coins
at tW'i per cent, in fifty years. and on silver
corns at ii!y one pr cent.
A riling to th icpoil made to the Sen
a'e l.y t' CoMCt i'lee of which Mr. Satlford
w s , , i, I...!f-,.i.is ii rul hall-eagles
Wi'l cir ul-ite f.rotie bundred years-, :nd tlol
!.os and eah-stor wo hundred years, w it hunt
being so much worn or defaced as not to
serve the purposes of a circulating medium.
" lianix I'jforJ the public u safe, place to
tlpofit their fun .'
. t always. One hundred and sixty of
t See safe deposit. .i ies, have broken in the
last twenty years, .-mil oe hundred and sax
i v more may break in the twenty years next
A .'aintali those w ho. h posited money in the
Banks in thceailv partol 1814. received ba.tk
their deposits in money of interior value.
City o Jetlerson, (Mo ) Feb. 10. 1341
Sir. la obedience tn a resolution of the
fl. neral Assembly ol the N;te of Missomi,
I nave the honor to transmit to you the i n
On the part of the State r,f Missouri a
Sta'i- which has been live from the delusions
that have brought your opponent into y ow
er.and which, in the hour of peril, has nobly
sustained her Democratic faith I feel honor
ed in being selected to otfer you this trihst'e
f miab. t -d confidence ju the wisdom, virtue,
and parti io'.ism that have ma'ked your ad
ministration. it'i setitanciits of high tegard,
I have the I -onor. to be. etc.
(Sovernor of Mis.api
To hts rxcell.-ncy M. Van Bckkn,
President of the United States.
U"ii!iv;ro-. Much 0. 1C4I.
To Lis Excellency, t!ov. Kkv.oi.i.s,
Sir: Votir fiictidly letter, a.'c.'inpanieil
by an address fioui the 0-iifial Assemb'y
oi the State ol Missouri, came to my hands
I shall mt attempt to dis-uisc the great
satifaction I have derived from this honora
ble test imot.i il of respect and regard, ten
dered iloiiUv valuable from the source
whence it pri cecded. Coming, as h .hi ioii
ly does, bom the hearts-ol its authors, you
may be assured it appeals directly to my
ow n. It is given at a ot i--1 when it mo
tives cannot be iiiisinfcrpctci', and conveys
tl e feelings of a majority ol the llepreseata
lives of a State second to none of this Un
ion in the integiity of its politic , ej
its uesent prosperity, and fittine prospects.
X"i where has a strict and invariable ad
herence to the gteat pnnciples of bee gov
ernment been attended with more beneficial
consequences than in the State of Missouri.
ill-, h I Us
pref.-ience -oi ' '
dents ::nl fti.-iiil. n- t -vc.'rif.i.
c nsider-.hle nu-id-er of pe--ti'ii
ate asso-i ates, wh". ill the fju-politic.-,
had beeii converted into
I alii -toed that i'i n..ne ol" th'
,- : ......on.
t c ill v
Mv political friends every where wiil,I
hope and believe, do me the justice to regard
this declaration, made in the fullness of a
gra efnl I'cart. as indicating with absolute
iiiceriiv the feelings by which I am actua
ted. Thev are ''.aiie uuon a consideration
t 1 th st-aje.-r. so fill and o mature as to CX
euio the vt-w.s at.'d opinions they express,
a f,r a Ivhm-.' fo human lietermination,
Iro.n It ihil.ty to char ge.
..o'f c- " ex-'eet or should desire to be
!--tys j-i oTi-'e under a (J.frtninfnt and io
stit. it;.. t. ,. o; rs; nnd I hve enjoyed that
i t'i -n of ,,rj !,. .jf).T enotii'h t s ttisfy
opt'onenis. . a i'.ton.
rl .. .r I. I ....i : I .:
.too rt;;w.i of tn n i:-!omriaui;u,
t ., con- t
I'ed I Is o- 'iti- I .it
:l e- : r r ..l I
'. ' "-in r I.:
I .1 I -I . M ..
ceive.l. or t. s-cie mv .-! -v t- 'i -
fueof ('hi.-f Mt-t-trf . f tie Uu? . l!
tiHik ore ii n t a. Id. tint I t-n..,.. I
pe oxciise.i to i'i it'ic i mt i ! . I ot all i ir-
ties f..r t' n- s.e lin ' -f mv
oii 'mci i-i ret .reiie" to i ( tat -.n
had b. en s f itt'-it'l y assailed. ar.. ha. I I '
rn'y s it
port, i r
bring :' .
I e1-. w-ts '..'e
th o I h d
it. h u', .. ? I.
II ter. Ifo
lit the ti -'lll'l '
which, in tin- estimation f a well organized
on. I an t tin honest heart, will always be
more deef and impressive than the mere
i io..ia - .. ofH -e I m the concious-
..f r.'c itii.b- -f piirp--se and the esttma
i -ion ..f i i.-n. I think I cannot be mistaken
in 1. (. i.ig tli t I conH. under no circuin-
i st .net s, i ..pe to d better. It, therefore
!t :ere 'e -nv p..titr,-:d supporters who are
. i co ! e . I tf n . i.,r0..(-,pr H. inijiICed bv anv eon-
.-it . .n tt-l.tr.!, I.." . ... - -
erlo cotifo.y, .!,-ri most r'e. p lly as I
alone roiild .fisw.-r t .r it in relation ' all
my coiuttrvm-ti, th mi ;1! 'I on h mi-rht !
readv t i answer for tht m-elves.
The result f tais iit..a! -s .cch i.mi ht
cotili l.-ii' I V he evpec rd tr.nn rut'i m
which it v as foi, ii.lcd; and no a voice wa
bear! in contravention id the position I hid
assumed. It did not, howevet., relieve me
from the a-s.ilt- ol mv oppie en's; ami in this
I was not ilis:.pp .in'c.l: I h id sufficient ex-
pericpee in such uivfter to satisfy
..,(.- p-rsonal toiryself, oy a respict to
no- f i-!iti -s under a supposition that they
in iy have Peen wounded or embittered by
a de'e. t incurred in defence of tlafir princt
tile, to bring me forward again as a candiJ
it" f"r r -f-'ei -iot!. I l-e them, in justice to
uve!f. to di-i is all such motives from their
mind . I rheis't no stich feelings, and re
qai.e no ne-t proofs of the confidence and
gie-d vt i!! of those who have sustained nie
in u c.-s -ml r illied around m in defeat.
The ci'reinp;ncrs under which the IX'moc
racy of mv i:a:ive t:.unty, of mv native
State, and cf the sis,'r States, have raised
me th .t.
Tifi lence , fIOlI, ,1C fir .,, , st,.p 0f advance-
ndem 1 ,ent. the urtlii irtio.it te-x tfmv hii-i fttT,p1t
a long ss - oi iiiiii-i I i nerit t
of mv f i. p.. I. I should p ce t e th
nation..! mv toes. :.r,d that t-.v , o'itic.1 1 t , exemplify t the world the principles
men are p a-.e,l by the latter im'il t iey are ; ... ,v,;,., j, .vp j,,,;, coverned. nn l the in
ah .ut ahardotiP..' the former. Ir however . .!..,..i'-. e spirit with which thev ham sus-comp.-e.J
them p. ch in ' the.r position, and -.m,.,l .,. ; t!!(. I ,. si :..! to the
t-.it new wc.nonso: war'-.re. (..'...nI ,,,.l.,!;.., .r i
r i; .i...:- .. .i:.;....l r..:i. .t... .: t..
.... . - , . , : -...,," nil II .o,lll,..il l.oill oil nil- siiiii.;.-.
W It'll I.-1.2 l.'i rir.x.l.0il . .n i.i'.tr li.o.di.n ikra i . . . . ' - 1
sen denying doctrines ol tne great iitx.stle
. .-. ... .- , lof iheity.and firmly resisting
i lie piouaumiy is, tuai iv ii urns as mucii
has been lost hy depositing money in Banks.
:is would have Iteen lost i' xcple had kejit
licir money in their own houses.
all t! e .h lu
sie seductions of systems which have only
resulted m a siuhleri. evanescent prospeiiiy
as suddenly followed by disasters and ruin,
ii.o i, 1.-.1.00...0 ..r At : i....... 1. 1..
Etryma,.ughlt, be alloircd to r ' j. ( " . ,
Tee le.-img and principles by v hici my ,-:. iten , .,.,. bed a-'ainst ti e. and against
conduct wis .hen re-M-.lated. will : !.. gi,.. : m,.a,;,.s which I hive uniformly advo
if in ihe hf.t.e: ; t, mv ,i..,ids mrtv rest ' ,...,..,, ; y..rt Sll,-Cee.hd in e'stablish-assu-ed
that I will nev. r ,.t ,ce it out of my ' ; !l:V(, imposed upon mean obligation .i-
....... . a . ...... a ...la!. I .a , .1 ! I t . '
p-" Hit . pence: trutu. tne uec- ,,, n, ,'c. an. eavi'V on mv heart -l debt
on to j f gratitude I cm rwr discharge.
! It w pi be ti.pe enough hereafter for the
n. nor do I n...,-.! j),..,,.,,... u.v to dist.n.-.te ,ts candidate. It is
pr....ss!.. in.l.:e-.-nt t.,:,.t,t!n ...l,.,-1n, ... he .Ms-uised that feelin-s of ner,onat
"s-j fcin.ti ess ...waids m elr, and for which I
"'c -nio lie to, i giateful. have !?en :awn" th
-f 'motives for thus r aily tl'ign:itingr.ie for the
itt.-p p.an which I hate just retired.
I.-. ration I at th it li-ne felt myself
I did n-'t on tint occ .si
:s to 'ie ind.'!e- nt to
l-feit fit Wit of I'i' I pill S" lies lir-V
pir-. lo jn-t ! I noi, , a' l m."n-, will
III till" .:o lo'.o f-ritl HI- the I'I 'hts
others. bec;riise I .h,l no- n. m,- ,1., limv
hit oien credit." ! c a ' 1 l i i .1 -e 1 s. ; n. ,; .an w nicii 1 nat c pisl retired. lli!5
i;n lll'Kl. tildes of ,-.,nfi,.inrr on-liua nn.l nnlifii.iu.l I'lli'l'lsll I ? I... 1 1 , . - r T. . .o-.l-.. ,,.,-..,!l. i .....
Exactly so: and th. reforc we ought not V" . V ' """"V"" . - ..: of ' .,.... n. . r Vi . . . ! P7,n- ,'!S,,',,!"S ' '"cdtent
lo l.e inrort-srated Rinks, which nive cre.1-! """-7 r "'? 1 ' .o!i;..-,1 .-, eration. and tr
. t ' i- -.r .1 ti compromise, tt.us securing tne uniiorm as- me 1 .owermi c,.n- -o.-.- ni-.n .1 a'es an 1 ( -f 1
it to some, by taking it fro,,, others. These ; cmd f n,.m(M.r;tio (nrn WP :1 tlo ,h:(t ever existed, ,m n v ,,e bi,h.-s, . ? , m , , , J. - " KS's P.f
institution owe their ctedit to acts of As- 1 ... - ., ..- ,. . ..:.. :r: 1 1 1 .1 ... . . , . '.' ' " 1 ." ; 'ipnr.nt.n lor tU
.. ., ... , r iiuopiion 01 ieinocraiii: measures 111 ner ' " ' oui.i ia- i;a,neii w un- 1 .,-..:
sen. I. t-. If then-chailera were taken from ' . r . . . - - . .. . ,- r . . 1 11 m iis,
: . 1. 11 ., councils, irom the period ot ner admission m mes.-ic -eoi mv piinci,.i,-s or my m 1
tl.om not fiL-on their own stftcVllouler Would ...... ... 1 ... I
: into tne 1.1, tion until the present time. legrny. was. on me cnf.aty. th. ! t ! I .t ohte'-tion o'" tir.'-ci!-.in. ttm m hint r.f it,.
trustthem. Everv man oupht to be allowed . 1 ' mv m..s, earnest d.si-e -.s i"t .,, .t .o..e,tt I 1' .-'dgmg the conductor the
,0 use his own credit: but be omrht to cct T,,e 'l cfletrts of a course so w.se ''"V , "" P:"-''- m..,,t,:'.on, f- tl.c tune bei.ig. inasmuch as
- . r- .. . 1 ..:i.. 1.1... . i't- oiai oi i ti it t.oiiut mem ner 01 1111s .m-m.i : 1. ...:o . . . i . ...
a.. t.oiiBi.sirio .-iic ii .j'i i.v i-ArMii r .11 , . , ... i " ..: ;i.i events, reiue .11 lite expiratioD
' . 1 j- : e .1 c . . ts 1- ... .1 commiinitv. where no i.iro. ..-n.lo.l..,l I.-,.,.. I r .1
1 iie colli 11 ion Ol me otaie. r rec irom me 1
that credit fairly, and use it properly.
iciiii . election are mt, n this..-
nd at ti.i- cists, liable to the nrdin.i-
" If there vere.no Banks.il would be easy e1,;
irrassmentsof a public debt, and a cm-
to borrow money on bond or mortgage, for . rat M1)ip(,,iln , ba.,king institutions and Wh.w-ciien
long periods, but it woul.l no be possUile. lo . ft - n c IaIj(s ier ,inlMm(I,.J resources The p csent oC. :.i.
UUIUIH IllSCUUni l erto.. .. ,
which has but a few months to run."
Xot so: If the corporate Ranks of PJiila-
h. lining the l.igha t honors i'i the eifl ol lit
delphin- were abolished, many private Banks
would spring up in their place. 1 ne owners
of these private Banks would be men in
whom the public could place confidence, for
they would be responsible in the whole
remain unfettered by the chains of depend . w I icb ti'.iAy
ence, her credit remains unimpaired, and her bent 11. u e t.
meansare fully ndeouate to all her want, ! ' 1:11 l-i.i . I y 1. 1 1
without the infliction of new burdens on her t s kt .1 I . t- e.-t :i
citizens, or the anticipation of future resour- the s mi.- p.iei: 1 s. i 1,
ces to meet the present exigencies. With a dttay be cl. 1 c . iix. .l
mixed currency, composed of a well balan-! vti.b youi tuiii"i-n, p.
ced and harmonious co-operation of the sentiments on tin., last b.- i.l
sc. -i s t
it'sl (-. . : . tide!1
Xp.t s I. t - f v ifL
n I t.lcati. ns 1.1
nn- I'I e
I it Clan
mi b.eihien ff
m ..if opinion.
I m!!. theiefoie.
ri' d t . staV n -
Ii tie u.o:e .-it
"Pnited States. : In all commercial countries-, amount of their estates. They would he .standard of .value nnd its paper rrpresenln- j larj.e.
inore are. men who receive money on depos- men ot great weattn, tor ti ts in lenuingnion tive. the latter always redeemable on de
iWlend money, and deal in exchange; but ey that men of large fortunes can employ mand, w ith light taxes, and no necessity for
the system of Banking on paper money, is their capitals with most profit and conven-jinere.istng them, and with a population ex
.W.B?ontro origin. .- 1 he cities o Greece and ' lenee . The competition among tnem wouia tensively agricultural and mechanical wise. General A-e.n!Jt of il.e St.it- Mi-sou...
Rome, and Egypt, ted ancient Asia, attain-j be web. that business notes would be dis- enough to know that industry, frugality, and las well as by iu-uy other of my lellow-cit
That I inn dee;ilv nnd grat-d'olly e. iir.-s..-.l
with Ihe 7e d and Cotisis i-uc t i.f th . d
and confidence, s I'ul'v 111 ..'e! .1 bv the
r.. . .
"i me corsiuuuonil term.
The most appropriate as well as most use
ful exc-ti..n which ran be made at this time
by ..pr b iei ds. is in adopting the best nieas
ur s mi I me..ns in tht ir power for the ex
p':ti..'i n :md iliili.sion of their principles,
tl.ed. ect.i.n of laNehoods, and the dissem
m dion ..f t'Hth ;tr.ionj titi great body of the
Pi-oole. leiiviu,: th election of thc'ir can
dtd ne to a more suitable period. In the lat
ter. t... D"iiioef;.v never had less to appre
bend rum dissension among its members
since there has not, according to my bcl
judgement, ever been a moment when tho
nihleand pat'ionc en'imcnt advanced bv
our distinguishe I representative, "E"erV
hing lor ihe cause nothing for rren"' was
su universid aniooj. supjteH of our