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V'oN -s doubilfM vlcrical error, r-r an error in he poVveMl.m. It "hnuld hi.ve been "general, m 1 ! forlifiod iall-io opininn bv tl,e power (live., n th succerdinif ssction 10 th r.xeculivs of tlirectttiii how mnv dsvs ihs shfri'.-l.all sive not.ro ol m lec-iionto'fill.vti.tncy." As.'ie roll from h.il. tliisUw ws copied, was consumed ill the confl'igrn ion of tlie Stntc liouf e, no evidence 01 error cun b. ad lucid. ,11. . The Irjrislnluro I lmtiBine could not h live conicm ntaied such n delay in tlio case of a epecinl vacancy, fur il would in many instances operate very grievous lv. Kor instance in the caso ol a vrcsnry whicl liiiglit occur in your owa body during the session, the lime consumed in the transmission oillie writ toeih il,o-,;,n. remiired bv law for public notice and eoiisumcdin ihe reciipl of the returns, would deprivr I ho county of their reprcseniulion in all likelihood ilurirffthe entire session. Another amendment which I would recommend will bo called to your early attention by a case arising within the lower branch ol tne uencrai Aweniu.v. t'niM ihA ppnm-1 nf ihe members elect, whieh will hi modo to vou by the Secretary of State, you will find that no election lias tBKen piaee in ine county ui u,- ren in consequence ol an equal numDcr oi voire nav inkooii oiven for two persons. No provision exist! in'our law (or referring this election back to the peo ple, the proper loiintain ol representative power) am, ,l,o il.eon ol the micstion in left, by a vagueness n' expression in the law, lo tlio joint vole of the two . ' e .1 f 1 I.!.. TUl. nl. rtf .Iu. hOUSi'SOl llirutliurBi noovi'iui,' Mid iiivug v. rilling a ouestion of such moment ns the represent!! lion of a county, is not only onti-rcpubltcan, nitninst tho spirit ol cur inctitntioiisand a gross usurpation ol the rights of the constituent, hul also in direct viol inn nl ihe letter of our constitution, which has de ,.Urorl ihnt '7''ie Home nf Jlnircsentatii ti shall tan nil nf mc.nheri h be tltoien cieryaeeond year by Hit qualified ileclnrsnf tlie tereral eounliti v Ihe present luw ol e li.,inn wsswiih a very few alterations copied from ihel w of 1825 and the' cop;, it has here omitted the few words that the former law contained providing fur a coniingency of ihisnamrc. liy ftiser.ingin lhe43d section afier the words ''other than" the words "those duly circled lojill Hie officcof" the difficulty is adjusted, and the duty iiiiniediuu ly becomes incumbent on cer tain county officers of ordering a new election. The omission of theso words whieh arose probably from clericnl inattention hns deprived the county of War ren of its representation until such time as the legis lature may provide. I cite these cases as instances of the great evil that may arise irom the want of proper care in the final preparation of the laws and as a forcible reason wh the appropriate couimittci s should exercise the strict est scrutiny, that no error exists in your enactments in the form in which they become laws. I regret to inform ou that no distribution of the three per cent, fund has been made by tho general coverninent to this Stale since tho vear IP37 until veri recently, that portion accruing to this Suite amount ing to upwards ot sixty-seven iiiousanu uonars hup been placed to tho credit of tho Treasurer in the Uank of. Missouri, and will be distributed to tho several counties under the present law. unless (lie legislature should otherwise direct; perhaps it would bo bs well to postpone the distribution until alter the organizi lion ol Biich new counties as the legislature may In" their wisdom think proper to create. The memorial to the Congrci3 of the United States passed at the last General Assembly in relation to the trade between this country and Mexico, has pro duced the desired eti'ect; a bill to establish a custom house and port of entry at Independence was intn duced and passed one brunch of the national legisla ture and would have doubtless become a law had not the rreat amount of business which had accumulated in the other branch have prevented it. From tho ve ry favorable reception which the subject has met with o far in Congress, we may reasonably entertain the hope that it wil be accomplished during the ensuing csstun. I would suggest the propriety of causing the Gov ernor's house lo be supplied with suitable ftirnituic. there is very little btlontfiiitj: to it, and what there is, is not of that kind suitable tor the accommodation ol B family. The old furniture might be disposed nl at auction and the proceeds applied in aid ot t uriiislnii; a new supply. The financial concerns of the Suite, will at the prop er time be submitted to you by the Audit, irof Public Accounts and State Treasurer to which I bj leave to refer vou. anil Irom which you discover lh.it the amount received into tho treasury during the two last fiscal years including the b.iluncc in the trcasun on the JUUi September Iti-lii, was ;.'iu,4ili J.l, on ac count of revenue. The amount disbursed out ol ilia' sum for ihe same time, was 'JU4,I30 5-2, being a excess of receipts over the ordinary expenses ot th government ol $0,361 81 remaining in the treasury on the 1st day of October IK-JO, belonging to revenue. to which add the sum of filty-ciolit thousand, eight hundred and sixty-two dollars and thirty-one cents, received from other suuices, as appears by Ihe Audi- tot's report will make tho balance in the trea.cur Irom all sources on the 1st day ol October 1340, the sum of Jfi3,'224 17. Tho Staio debt on the 1st of Oc tober IB10, amounted to lour hundred and (our thou sand six hundred and thirty one dollars and twent seven cents, olid consists of the old debt due lo the Scminuty and Saline funds, tho Capitol loan, internal improvement loan, and tho loan lor tho pavuieut ol volunteers and tnilitiu. This amount is exclusive ol the bonds issued for tho payment of tho State sub- VCrimion to tho stock of tho ll.mk of the State of .Mis souri, which bonds aie balanced by an equal amount ot slock held lor tue use oi tuc ciaie anu tor tlie tile rarv funds. ft may be expected that some reference should b made bv me to the subject of tho bill, which was be fore the last General Assembly, usually known as the "currency bill." My opinion npun the subject this that restricting the natural rights of iheciiize anv farther than is necessary lor the safety of ih community, and making that an ulfenoe in the eyo ol the law, which is not morally so, is exceeding in my opinion, the legitimate powers intenueu to bo confer red upon the legislature. Our citizens in myjudgo went will never sanction any law, winch prevents them from taking in exchange for their property what ever they please restrict the hanks ami drporitions generally, but the people stiouiu im ie.il to maiia; their own affairs pretty much in their own way. think such a law as mat proposed at the last session would be impolitic und impracticable. We alread) have a law on onr statute book, imposing heavy pen allies lor the circulation oi nana notes under the de nomination ol five dooars. Notes of lower di-nomin lions have oeen circuiateu ireeiy ever since its pas- age, and has any one been prosecuted under t It tit daw! Not in a single mstace that I have heard . The jaw l aaeao leiier on your siniuie uook, and your courts either cauuui or uo noi eniurceit. It is true that in my last message to the legislature, I propose in substance, as an alternative, eilher to Biitiuresa Mi circulation of notes under the denomination of those which our own bank was authorised to issue, or i this should be considered impolitic or impracticable then to permit our own bank lo issue notes of a less denomination. Time and relli ctiun however, have convinced me of my error; and whilst ihu law makes nothing but gold or silver a legal tender in the pay ment of debts or purchase of pioperty, il should leave it optional Willi Ihe vender or creditor, to receive his pay in any oilier medium, which may sun his purpose It is greauy iu uo uestreu tutu mo litmus genca ly would limit the denuiiir.aiiuii of their inn, to an inouni greauy niiove iinifo now in cireiihiiuin, us would Imve a iciiulhcv to increase .tin ainnunt ol specie , so as to forma sounder circulntiiur medium lor ordinary transactions; yet while the bnuku in ot! er .Slates are sutu red to pursue the poliev which tin have hitherto done. I do not Bee why we should ai tempt to remedy the evil by p'aciiij the restriction: or penalties on our ow n ciiinciis; pnuhi, g which ix perieuce has proven they will not enforce. Accoinmnwnif turn communication, are a mini her nf nuhlic documents from oihi r hiulcs wiiicii huv been by request ol their public authuriiics placed be fore you . The continued increnso of poptilut'on lo tha new Iv stilled portions of our Stale call for intcrn-rencc in Ihe behalf of those who have became settlers on he public lands since the date of the last ptc-cmp tionlaw. The best int.; reals of a l.ir0r nuiii'KTol that portion of nur people , who are the bone and sin iw of ibu Stale, its main dependence boili in pcaci lid in war. the cultivators ot tlie soil, demunil tit at your hands. I would therefore rncunimciid to j our jnost speedy and earneal consideration , 111 propriety ol memorializing Congress oil tlie sunjeci, urging ui n dipm. the exuediencv of continuing die nrc-eum lion system, and rendering it prospective and perina. Dent. It will be s source of much consolation up m rcii rinir from Ihe administration ot the government this State, that my recommendation of a number of very important measures which are now in success ful oiieratinn have net wilh llie support an I co-opera. tion of the legislature. The establishment of a fetate University, the chartering a State Bank upon a specie basis and ihe erection of a Slate Capilol, are among tha most prominent, Sliouiu tlicse measures logeiu er with our system ot common schools continue receive thin enlightened and liberal support from th I A i.i ! 1 tiro In ulin,h ltiv lira nlilAil. w mn v Innlt l.u-it-dul to the day aano't fai dii:,in', whci ourPtttel in pjiui wl'w!:!ijcnc', wcal'.hand j;iultion f ii J j already in territory, will rank among the foremost in the confederacy. Permit me now gentlemen tnrougn you wnii my thanks to Hie people who huto honored me with ih'oir confidence. I now bid you farewell may the Mni'iL'btv disposer ol events, pr.-sulo over ana guiu- your councils and may yon always remember that "the will of the people is the supreme law . City ot J i fferton , JN "ui f mbt r 1 77i, 1 840. INAUGURAL ADDRESS, or UttVEKNOK 1XEYXOLDS. Felloio. Citizens of the Senate, and House of Representatives: Called nv tlie sulTiHges of my follow citizens, lo d's'.liaage the high and responsible duties in cumbent on the chief Executive officer of the Slate, it becomes me, not only in accordance with rt time honored custom, but as a solemn duty which I owe. to the people, whose confidence and nurtiality have elevated mo to this exulted station, to make on this occasion a public declaration of the leading political principles by which I shall be governed in the administration of the govern. inentof tho Sinie, so far as they may relale to the Executive Department; and to recommend such measures as are deemed ol greatest public inter est. In a government like our own, instituted for the common wcllare ol lite people, Irom whom all polilicut power emanates, il becomes a paramount obligation on the part of the candidate for pop ular fuvors to consult, by an open exposition of his political principles, the wishes ol the people, in order that tho representatives may reflect the will of his constituents. Actuated by this opinion. my own views in relation to tho various important and interesting questions of national and t?tate policy, which so deeply agitato the public mind, and in the determination of which are so largely nvolved ihe happiness and prosperity of our be loved country, were unreservedly communicated to the people of Missouri during the present year. That these views met with the approbation of a large minority of my lellow-citizens, strengthens inv confidence in their correctness, and imposes upon me the high, but gratifying respon.siblity, of closely adlicrring to their prospects in the discharge of my official duties. The important bearing ol questions ol national policy on tho democratic alTairs of the States, seems to be univetsally acknowledged: whether this influence may not, at some future period, be leu to a degree not altogether consistent with thai entire independence of the general government, which the states should exercise in their appropri ate spheres,, will depend in a great measure upon the causes winch impel that inllnence. Ihal the policy pursued by the general government affect the interests of each State, is most obvious, and is well calculated lo arouse tho utmost vigilance of the public mind, and render every important meas- tire of the national government, of tho deepest interest to the people of the respective Stales. One of tho greatest dangers apprehended from the formation of our national government, by the ardent friends of liberty, was its tendency to en croach, by elmost imperceptible degrees, upon the reserved righls ol the states, and thus endanger that freedom which it was designed to strengthen and protect. Thai such must bo the tendency of ihe gMieral government, unless confined wilhm its strict constitutional limits, docs not seem, lo ate, to admit of a doubt. Happily the government, with but few exceptions, has been administered by men who have labored to confine its action to the powers delegated and whose political maxim was. that "whenever a question aiises concerning the constitutionality of a political power, the first question is, whether tho power be expressed, in the constitution. 11 it is, the question is decided If it is not expressed, the next inquiry must be, whether it is properly an incident to an express power, and necessary to its execution. Jl u be, it may be exercised by Congress. If if be not, Congress cannot exercise it."' With this great po- itical truth lor our guide, tne general government will be kept in its legitimate sphere, and the rights of the Slates remain inviolate- To define the powers of the general governmen with that precision and accuracy, so desirable in a matter of such vast importance, is not without lis diflicultii's and embarrassments; the lights how. ever which have been shed upon the constitution by some ol those enlightened niinds whoconducted our government through the perils of its birth; will serve to remove many ol llioso dilliculties which would otherwise embarrass its progress That no great public inconvenience might follow from the want of power in the general government to adopt measures of manifest public utilily. which were not anticipated, or from precaution withheld in ihe formation of tho constitution, the wise and patriotic framers of that cherished instrument, pro. vided the remedy fur such inconvenience by an amendment of the constitution in a prescribed manner. If the requisite number of States could not be procured 13 sanction a proposed amend ment of tho constitution, for this purpose, it would only prove, that the power asked for was noi deemed of general utility. The moment we pass the prescribed limits of the constitution, and enter the unknown region of constructive powers, that moment we cross the boundary designed by our Fathers as the barrier between liberty and unrestrained power. If ever the reserved righls of the States are lost in the overshadowing influence of the general govern ment, this fatal change, for the liberties of the peo. pie, will have been brought about by gradual en croachment in the shape of constructive powers. Belter is it, then, for us to sulfur even great incon venience from the want of powei in ihe national government, in a particular instance, than for a seeming present advantage to incur the danger of a subversion of the very foundation of our lib unit's. By abstaining from the exercise of all doubtful power, discountenancing all latitudinarian con. struclions of the constitution, and, in short, con lining the action of the generul government strict ly within its constitutional limits, wo leave uniiu paired tho righls of the Stales, present an insur. mountublc barrici to all enctoachments on tho lib erties of the people, and preserve, in its original purity, our republican form of government. It is from a knowledge of theso facts, that wo witness an unceasing efl'ott, on the part of those who are inimical to those detinjcralical principles which are founded upon equal righls and equal laws, and which recognize no separate interests requiring tho supericr aid and protection of the laws, to enlarge tlie power of thii general government by a latitu dinarian construction of tho constitution, thereby producing partial legislation; ihe recognition of se ptirato interests, and wilh them the perversion of the constitution, from those plain republican prin ciples upon which it is based. It is, also, our duty to keep a vigilant eye upon tho action of the general government within its acknowledged powers, to see that the vast discre tion which is necessarily vested therein, is not abused or perverted from its legitimate end. -The people have a right to demand of their agents strict economy in public expenditures: and all public officers should be held to strict accountability in .1 . il ;.. .l I i (his, as well as in the discharge of their various other duties. With gcrernmonti 01 with individ. uals, a proper economy In expenditures is necs-l .1 . 1 -I1 .1 ,. ..,l I snry to maintain inuepenuence oi tnumcici, ouu provide resources to meet emc.-grmcies. Extrava- gnnce in public expenditures lends to public debts, 3. .1 r i . . 1 .1 -1. the unhappy ellecls ol wim n are seen in me uu. scence of that high toned spirit of independence, which a republican government, of all others, In,: the. increased bur Jens that are thrown upon ihe people, particu- in larly upon the cttltivctors of the soil, the largest nn.i:A.. r iLn nnnnUiinn nf mi, rnuntrv: and in the laxity of public metals, as exhibited in legis. Ui AH f n nr.i.. ami Qprlinnnl rlifirilPIPr. leil? Thnso views ore no less applica'ole lo tho ntalcs is than to the Kenerul Government, I L is obvious that .u -to it'Ani.i rtrrwinna in snrnH rPKiius. i in the one case as in the other. It has been well said, in reference lo tho gen. i . flint Th-nr-ntlnn. in tin.Q of CIHI Kuvcinuiiiwi., mufc tsw -'..i - I O . , t i.i a I , hi ihs i it nnnAivia nprmnpiii. ihi " This till CVIl 1UI Wlllt-ll luv-io ia k.j..-.-..-. nnnl fnrm in ihu lLate . i ' a ; tu ahml.) fti.m.ilniA ns to . t- ...i u 1,1 Una L the adoption oi every measure wmuu wuuiu ..ao. I debt. ti. . imni nf rl,nnls. and the means of education, is enioined upon the General Assembly by the constitution. Whatever measures you may .i. r... a,. ,i;rr;nn nf knnw eHn. consistent ttUUUl iui tiiw nuul1"' " O ' I II nippt wt'.h Willi UIQUlllVI llivuivcww. , " I . i,..riu nrrn,n. While I recoenize the benefits which would, i ii.. r-,v, il,n imnrnvpmffnt nf our road and navigable rivers, and would, cheerfully ,0.., ; nn nmrlnrit Rvstpiii to efTct so de. ICIHiV III l,.w.w... j I sirable an end, I cannot, consistently with my n...nn r,t il, Imnnllrv nf rniiimniinsf larao public debts, recommend the adoption of any sys- L. r :nionnl Imnrnvpmpnt. whiith would im. pose upon the Stale heavy obligations ol tins na- lure. The experience of our sister States, has, in mv opinion, fully demonstrated, not only me tin- nnlif.u hn iIia rlinslrnus consentienes. of adopt, ing systems of internal improvements of a specu- lative character requiring the contraction of a large nnlilip. debt for their construction. Much good, I . ., ,., 1-1, 1 . I undouotedly, nuglit De accompiisneo, Dy setting apart such portions of the State revenue as might not be necessary to meet the indispensable ex npnspa of tha State, and extinguish eraduallv the public debt, as a permanent fund for the improve- mani nf nnr rnml nnd reiTiovi nor ilia obstructions in nur anrnnrlnrv rivers, and clearinff the timber frnm their banks. Reiving? unon such a fund alone, it is believed that the execution of the syi- tern iteviseu at tne last session oi ine ifgtsidiure, will be attended with an expense incompatible with our nresent resources: and that the State may wisely dispense, at least for the present, with most of the officers thereby created, if not entirely sus- pend tho operation of the act. Of the many important subjects which will, Drobablv. claim vour attention during vour present session, none is of more vital interest to the whole community, than the condition of ihe currency, The evils of an unsound and fluctuating curren- cy are so apparent, and so universally felt, that it is needless to dwell upon theii unhappy influence, This fluctuation is mainly the result of the opera- tions of the susDended banks, and whether pro. I duced by design, to operate upon and control the elections of the countrv. or mismanagement, the ef. feet is equally disastrous to the people, and calls loundly lor a corrective. The rightful authority of every State, to pre scribe ihe kind of bank paper that shall bo per. milled to circulate within il, is denied by but few; it is the power the States have never surrendered and should be exercised in such manner as to give tho gieatest stability to the currency. The policy that will increase the circulation of gold and sil ver, the standard of valucshould be desired by all, nnd only be attained, to any considerable extent, while banks of issue exist by the exclusion of small bank notes, which, usurp the place of ihe precious metals. The people, by their renrescnlalives in 1S36, decided, and that decision is yet unreserved, that the Bank of the State of Missouri, tho work ol their own hands, and in which they are the largest stockholders, should issue no note of a less de nomination ihan ten dollars; and that policy would be suicidal, which would extend to the banks of other States privileges which we havo denied to our own. Concurring, fully, in the limitation imposed upon the Dank of Missouri, I should feel myscll derelict in duty lo our common constitu ents, if I omitted, on this occasion, to urge the propriety of prohibiting by law, under suitable sanctions, the circulation of all bank paper of a less denomination than ten dollars. Care should be taken, however, to cive 'ample time to the hoi derso such paper to dispose of it, before the law goes into operation. Tho effect of the measure would be, to increase the circulation of the pre cious metals to the extent ol tho paper excluded. It is, doubtless, the true policy of every Stale, that desires a sound circulating medium, to pro hibit their banks from issuing any note less than twenty dollars; but while the Bank of our own Stale is permitted to issue notes of a les denomi nation, I have felt that we would be wanting in comity to our sister States to extend the prohibition lurther. The opinion is generally enlerlained, that the law now prohibits the circulation of all bank'pa per of a less denomination than five dollars; it is belirved that a carelul examination of the act. will render itcxtremelydoubtful whether any paper is embraced in the prohibition, than that issue! by individuals. I invite attention lo the subject, and to the propriety of such suitable legislation as will remove all doubt, and effectually suppress ihe evil. 1 lie idea mat there is not sulltcient virlue, patriotism, and love of good order abiding wilh the people, to enforce the execution of the law, is certainly a mistaken one, and ought not to be entertained. II, however, it be true, that in any part of tho State, the election of ollicers, whose duly il is to prosecute for all violations of the law, havo been controlled, with a view to its non-exe. cution, it b time for the legis'ature to apply the remedy, and vindicate the supremacy of the laws. In connection with this subject permit me to advert for a moment, to the dangerous tendency of that partial anu unequal legislation, unhappily too prevalent of late, which by grants to associations of individuals, of privileges and immunities of an exclusive nature, wilh the ostensible design of aid ing and slimulUing industry and enterprise, has brought inlo bing a combination of associate w eaiiu, caeruidiu, uy means ui ua exclusive priv. ileges, its vast pecuniary resources, and its sordid appeals to tho most selfish passions that find an abodo in the human heart, a political influence, fraught wilh the most imminent danger to our re publican institutions. We point, with just pride to ihcs" institutions as founded upon the sublime axiom, that the people are the legitimate source of all political power: we openly proclaim, that our government is one of equal rights and equal laws: we acknowledge tho supremacy of the laws; and yet, in the midst of us, we behold a privileg. ed order, openly setting at defiance those very laws to which they owe their being, and impugn, ing every republican principle upon which our government is based. Many of those whole some checks that in every civilized community, tire imposed upon man for tho protection ol his r..1lA.i, man tt ra rmn V(f1 fmiVI rflflRt Ol tllfiSfi lTlOn. lunvm "", -' - i V ied corporations. In truth, they are sough', for as much from ihnt unbridled license which they 11.. no r.. ilia nnlilinfal , nfl npnoff geuuiuiiy uc-, J'":'"""' they are enabled to exercise. Wca th, in thn hands of those subject to ihe general lows or tho land, is a potent instrument of either good or evil; the hands of those not subject to those laws, it is, usually, the instrument ol evil rather man good, We are taught in the history of nations, That pop ular rights once voluntarily purled wilh, are not filled with instructive lessons, of the (longer of IV reKtilllcu. ni.u hid uioivij wi vnu departing Iron, fundamental political principles vimv we uiuut u y mcau ikdoviif In making these general remarks, I am not to be understood w entertaining a seuieu nosuniy, to all moiiied corporations. If created with the r l .1 - !-..:... r nftVts.l tnrr fa 1 1 1 1 1 r nl oVphaniTA. TnlllPf vil - w ui uiiuiuiu luxmnw wi w.i-'-,-i - - than of furnishine a circulating medium: if their . w - .. . ... members are not exempted from the same liauia ties that are impo5jd upon the rest ol tun comma iu- nntl siwh rpfli net mn s pnn ha thrown around . .t7, - . " . . , them, as will cllectually prevent tlieir tieing useu as political machines, or rendered subservient to personal aggrandizement, they will retain every- useiui iiudiuy, mm uc ouU, , w r" Ecrous inlluence upon tne ritrnis ot tnaiviuuuis. - ,i. and l ie character of our institutions. ... , , -K'l. The lesislaturs of Missouri, has not been illib cral in granting acts of incorporation to private coinnnnies. for various purposes, whether those corporations have fulfilled the object ol their ere ation: whether ihey have abused the powets gran .i II . I ted, or exercised powers not given: whether they have obtained charters, ostensibly, for one pur- pose, and then engaged in the accomplishment of verv different purposes, are all questions deeply interesting to ine i-uiiiiuunii?, unu unn; ui omi-v enquiry by the represenlauvcs ot the people, and u u snau us iuuhu ium any ui intmncv-u ..,, wi. reclins hand of the law making, or law adminis tering power, the remedy can be applied. In view of the rapid inciease ol incorporated companies; the avidity with which they are sought, , .1- ! n ...1 Mn..,n lltaFaKit anu me iinuieiise uiuucna mm j,uv.i iui.i; conferred upon the few, 1 submit, whether it n just, or consistent wilh the spirit of our govern ment and her free institutions, to exempt the mem bers of such corporations from the liabilities im nosed uoon the rest of our fellow citizens. Ir vour effbrls to brinz about so desirable a refor malion. within the limits of our ttule, I tender you ihe zealous co operation of the Executive. ino irnuu ia m um iuiiiiiiuiii the evils ol excessive banking, linnud ma power Of the lagislatuie lo the establishment of one bank and five blanches, and the capital to five millions of dollars, one half ol which, at least, lo De re. served lor the use ot the Elale. in acting upon this subject, tlie legislature directed the whole o the capital slock not subesribed by individuals. to be taken by tho slate, and bonds to be issued therefor. They likewise pledged the faith of the State for an additional hve millions, when Dor rowed by the bank, to be loaned to ihe citizens, under the character of a trust fund. These mea sures had their origin, doubtless, in the best in tentions. and were to advance the interests, and promote the prosperity of the people. Bui I sub mil to the legislature, with diffidence I confess. whether if the citizens of the State do not feel suf. ficienl interest, to aid in the creation of bank fa cilitics, bv voluntary subscription for the slock of the bank, they should be compelled to do so in their aggregate character, by subscription on the part of the stale. It is believed, that the practice of borrowing money upon the faith of the State, except fur the purpose of creating banking capital, to be loaned to the citizen, has prevailed to a very limited ex tent, if at all, in any of the States of ihe Union; and its policy, unless upon extraordinary occa sions and in great emergencies, i well question ed. Il these views should meet the concurrence of the legislalure, it will be indicated by suila. ble legislative provisions, unless the action of the bank shall have placed it beyond your constitu tional competency, which I understand not to be the case. If the bank had been successful in the sale of the bonds, and in borrowing the trust fund, as di rected by law, the State would now be pledged, on these acconnts alcne, and apart from the two millions and a half of the capital of the bank reserved, to the extent of upwaids of seven mil. lions of dollars. When we reflect upon the vast indebtedness of many of the Slates that a large portion of these debts are held by foreigners ihal thoso foreigners are manifesting n deep inter est in the result of our political elections, and are seeking to obtain from the national govern ment a guarantee (H the payment of those debts, and that llieir efforts find favor in many parts of the Union, wo have reason lo congratulate our selves, that we can yet retrace our steps to a considerable extent, and save our constituents from the burthen of a heavy debt, the bane of republics. The foreign holders of State stocks, find their interest in a national guarantee of their ultimate payment; but that the scherr.e should find favor wilh any portion of the American citizens, fa. miliar, wilh the nature of our government, is cal culated to awaken our most seiious alarm, and is indicative of a foreign feeling and lorcign influ ence, lo which we should ever be strangers. Against a measure conflicting wilh every prin ciple of justice, expediency and the constitulion of the country, I consider it the duty of the leg. islature, solemnly to protest. The final adoption of that great measure of deliverance from bank dominion, ihe Independ ent Ireusury, has intioduccd a species of legisla tion that should be as enduring as the liberties of the country the exemption of the tieusure of the nation, from becoming a source of profit to the bank director and the bank stockholder, and the subjection of the officers of ihe government to ignominious punishment, lor the illegal use of the public money. The vicious propensities of man, can only be retained, ordinarily, by the penalties 01 the jaw ; anu j Know no reason why the officers of every government, whose duly is to collect, Keep or uisourso the puulic money, should be exempt from puniscment, criminally. for ils illegal use. In this way only, can ihe state luid ample pp'tecuon against ihe rulin( passion of man, "the love of money." That fanatical spirit, which in its headlong fu ry would trample upon, the rights of the slave holding slates and expose us to all the horrors of a servile war, seems, yet, heedless of the voice of touion and justice, and continues to agi tate and alarm the public mind, with menaces of the deslruction of our domestic institutions. The institution of domestic slavery was, at the time of the adoption of our national constitution, left, exclusively, to the control of the Slates within whose limits it existed; and we should be wanting in self respect, and regardless of our undoubted rights, were we to suffer the least in terference with this delicate question, from any quarter. On this all important subject, I enter tain r.o doubt but that your acts will be fully equal to whatever emergency may arise. My recent tour through this .5 late, afforded me the hijli gratification of witnessin; lbs onward march of Missouri, toward thai proud pre-emi- nenco which, ere long, she is destined to ocyj among her sister republics. Regions that but a few months past, were covered with tho deep shade of the unbroken forest, or presented the more monotonous, but not less solitary, aspe of the uncultivated prairie, aio now blooming wilh the fruits of civilization, ana aiioruin6 . . .,.l ,.,,.! il. In nn industrious and tntcllt icillilieo mm ,., - nt nnnutntion. Her exemption from many ol P. ' - . . 1- ...... t.Inn n i MR i , Dnnni rti ihA lnifl fiisnsiruus rcvuiBiu commercial and moneyed olTaus of many ol the c.i i.A ronll mrrfiiisG in DODUiauon anu aJLULCS. UIIU H1 ll" . . C .....III. h.a nnmltf mirllllllHLJltl 11 J DUakllVV v WCU1UI UIO llldllll v.. those increased bank facilities, which invariably ..:. ,;u anprtildtion and- extravagance: ti-.i , . -. - r 1 1.0 to the industrious nnd economical nuuna ui people, and to that wise and benificent policy ol the general government which secured to the hardy Bnd patriotic pioneer of the west, the right or pre-emption in tho purchase of his home. It r .1 I ..,1th Inrthpi is earnestly desired mat mese ius, modifications, in favor of the settlers, may bo- a r,rl nf lllR Rett ed DOllCV 01 IHB BEUCiai government in the disposal of the public do- l,I,,, . ... t Wl. iIoq nnnnrnl favored Condition 01 me people was presented, 1 found many portions en our fellow citizens laboring under considerauie inrnnveniencies. resultine from the want of or- ennized counties. It will be, doubtless, asgrali b ni in thn ems atnre as 10 ui executive, i" fieve this inconvenience, by the organization of new counties, wherever the requisite population pxists. Called, as we are, to administer the govern ment fnr the common eood of our common con ciln.onia ii'-should carefully innuire if this duty rnnnni hp. hest performed bv that policy which will hasten, as fast as practtcaoie, the exiinguiaiiniom of the public debt: the improvement of our com- mon roads and navigame waters; tne inipusiuu.. upon the people of burdens, as light as are con sistent with an economical administration of the government: affording our fellow citizens an able and faithful administration of the laws, by which their contracts are enforced and their in juries addressed; and by the promotion of edu cation and the reformation of the currency. These important inquiries will, doubtless, receive due attention. Pprmlt me. eenllemen. in conclusion, to call vour attention to the existing laws regulating elections, and to the necessity of guarding by suitable provisions, the purity and sanctity of the ballot box. The recent developements in several of the States of the manner of conducting elec tions, and of illegal and immoral practices to obtain illegal votes, must fill the bosom of every friend to republican government with mortifica. tion and alarm, and demonstrates the necessity of new and vigorous legislation to prevent the perpetration and spread of such criminal and nlnrmincr Drnctices. This is a question which goes beyond the temporary passions of the day, and rises above the contests and transient su prcmacy of political parties. It goes to the root nf representative government itself; it goes to destroy confidence in elections; and if that is de stroyed, the argument in favor of representative government is deeply impaired, and monarchists are encouraged to believe that they see the ap proaching failure of the last experiment at self eovernment. Fully confiding in the virtue, in telligence and patriotism of our fellow country, men, and believing that pood men of all parties look upon the practices alluded to wilh indigna lion and alarm, and ate equally anxious to pre vent the spread and continuance of crimes which sap tho foundation of free government, I cannot too earnestly recommend the subject to your se rious consideration, with the full assurance of my heartv concurrence, in all acts, that have for their object the preservation oi tne purity 01 elections. Finally, allow me to express the hope, that harmony and unily of sentiment may prevail in oil your deliberations, and between the different departments of the government; and that your . ' . f ., ..... r elloits to promote the interest oi tne people, may I , I I ,T 1. - I I.I. Lt l...ln .La .Inn oe guioeu oy ium who noius iu ins uuuua mc ucs liny cl man. Kendall has come to Cincinnati, and Blair has sailed for Cuba. We cannot guess what Kendall is after; but we Buppose that Blair has gone to raise a few regiments ol bloodhounds lor th prosecution of the civil war which he has threat ened to wage for the reinstatement of Van Bu ren. We are informed, that, during the night efter Kendall's arrival in Cincinnati, he was serenaded with the sound of tin horns, pans, and kettles. His Cincinnati friends, in consideration no doubt of his being far away from his home in Wash ington, thought to cheer his fainting soul with a few strains of his old and favorite kitchen music. Lou. Journal. NEW YORK. The Senate stands, Whig 21 ; Van Buron 11. The Assembly, 00 Whigs, 62 Loco Focos--being a ma jority on joint ballot of 14. Van Buren's majority on the Electoral Ticket in the City of New York, was 1,400. Wm. P. Darnes. The trial of this gentleman, says the St. Louis Bulletin, closed on Friday last, and on Saturday morning a verdict was rendered, against him of manslaughter in the fourth degree.- He was fined $500. Doctor Duncan has given notice that he in tends to contest Mr. Pendleton's right to a seat in Congress. 03-The number of inhabit ants of tlie Capitol of the United States, as ascertained by tho cen sus recently taken, is 22,777. The Jewelry store of Mr. McGren, of Cincin cinnati, Ohio, was robbed of watches, Sic, to the amount of $3000, on the night of the 13th instant A large rew ard has been ottered. By the returns of the marshal in tho city of N. York, it appears that the population is 316,629, of whom 144,324 are white males, and 153,530 are white females. The colored population amounts to 15,675, of whom 6,637 are males and 9,038 females. The increase since 1835 has been about 43,000. Properly assessed this year, $187,121,464 real, and 865,721,699 personal estate. Total $252,813,168, being a decrease of 814,028,267 from last year's valuation. Fire in Cincinnati There was a great fire in Cincinnati on the night of the 14th, commencing in Oranges' roattrass manufactory, and extending from Broadway to Sycamoie, and nearly to Front street. THE TIMES. FAYETTE, MISSOURI, NOV. 28, 1840. 05-OA'JE PRESIDENTIAL TERMJ& Proposed by General JwksonIhssuaded by an liiiren Thk Peoplk vill eslahlisK it by the elec tion of General Harhibon. -THE TRUE REPUBLICAN TICKET. FOR PRESIDENT, Win. II. Harrison, of onto. FOR VICE PRESIDENT, John Tyler, of Virginia. Foi Electors of President and Vice Presxi'nt of th United Stairs, PHILIP COLE, of Washington. JOSErH C. BROWN, of St. Louis, SAMUEL C. OWENS, of Jaekson. STEPHEN CLEAVER, of Rails. The People's lEetribution. "Low lie Ihe proud, And smitten by the weapons of the roon Tho sLACKs.MiTit'shammer and ihe woodman's . Their tale is told! and for that they were kick. And hobb'd the poor, and for that they were stronjj And scourged the weak, and for that they msde laws That turned the sweat of labor's brow to blood For THESE, their bins, the nation casts thisi OUT." PRESIDENTIAL ELECTION. THE ACCOUNT STATED. Harrison. 21 15 15 10 42 10 8 4 5 8 4 9 30 11 3 14 3 7 15 234 Van Buren. Ohio, Kentucky, Tennessee, Maryland, New.York, Maine, New Jersey, Mississippi, Louisiana, Connecticut, Rhode-Island, Indiana, Pennsylvania, Georgia, Michigan, Massachusetts, Delaware, Vermont, North Carolina, Missouri, New Hampshire, Arkansas, Virginia, Illinois, Alabama, South Carolina, 4 7 3 S3 5 -I'll 60 HARRISON BALL. In commemoration of the recent success of the Whio cause, a BALL will be given at Mr. Hand ley's Fayette Hotel, on Monday Evening, the 7th December. The following are the Managers which have been appointed for the occasion : Abiel Leonard, Joseph Davis, Geo. W. Givens, W. T. Dyer, L. Buingardner, D. Kunkle, W F. Birch, S. C. Major, S. It. M'Millin. J. Riddlcsbarger, J. T. Cleveland, Robert T. Prewitl, A. H. M'Danald, Sain'l. C. Grove, T. E. Birch, John D. Perry, Jas. E. Harvey, Clms. P. Till'ord, Jas. R. Benson, Geo. W. Ward, C. P. Brown, W. B. Morrow. The Bull will open to as many of both parties as may feel disposed to join. IT IS FINISHED. The verdict of the People, says the Log Cabin, "has been rendered, and its thunders are now peal ing through the land!" It is the knell of Loco Fo coism! it is the funeral dirge of Van Burenistnl it is the death-note, we will fondly hope, of Official Insolence and unblushing Corruption! Parties must ever exist, and party struggles often fierce and vehement must, from time to time, convulse ihe Country; but we hope never again to see the day when One Hundred Thousand Office Holders and other direct dependents on the bounty of the Federal Government shall openly marshal, drill, animate and lead on a party having for its chief end the perpetuation of power in the hands of their leader and chief and of the honors and emoluments of public station in their own grasp. Never be fore in this Connlry was so gross and sweeping a violation of the vital principles of Freedom ex hibited as in this contest. Every where have the Postmasteis, the Custom House Officers, the Post Office runners, the Land Officers, and even down to the Mail Contractors wilh of course, a few excep tions, which only render the general truth more striking devoted their time and their energies to the upholding of their master's cause and the se curing nf his re-election. They bave fought the battle with a vehemence and desperation "unknown to the annals of previous political warfare. No weapon has been too savage to be wielded no de vice too base to be resorted to, if either promised to add one vote to the poll of Vin Buren or sub tract one from that of Harrison. They have man-' aged to turn in their own favor all the prejudices engendered by fifty years of political conflict wjtlf the social discontent which repinesat the allotments of Providence and hates as well as envies the pos sessors of wealth or the otherwise favored of for tune; and to these it has succeeded in adding the mass of our Adopted Citizens, who have been in duced, by flagrant falsehoods and shameful misrep resentations, to cast their strength into the Loco Foco scale with an energy, unanimity and power wholly without parallel. They will yet l .-n, we trust, to know us better, and to r'-nl their deceivers with the indignation and abhor reiu j they have so richly merited. Such were the formidable odds with which tl Office Holders entered upon Ihe contest of 1840, with sixteen of the twenty-six States completely in their hands; a popular majority according to the latest test, in two others; the possession of the Federal Government wilh the direction and enjoy ment of it Gulden streams of Patronage amouri'.