, 1840-12-05

ltal of the bank reserved, to the extent oi up
wards of seven millions of dollars. When
we reflect upon the vast Indebtedness al
many OF the Stares-that Il large portion ui
these debts are held by foreigners, that those
.oIelgners maniiesiIng . deep interest in the
result of our political elections, and are seek
ing 10 obtain from the national government
u guarantee for the payment of those debts;
and that their efforts find favor in many
parts of the Union, we have reason to con-
graduate ourselves that we can yet retrace
steps to a considerable extent, and save our
constituents from the burden OF a heavy
debt, the bane of republics.
The foreign holders of State stocks, and
their interest in a national guarantee of their
ultimate payment; but that the scheme
should find favor with any portion OF the
American citizens familiar with the nature
of our government, is calculated to awaken
our most serious alarm, and is Indicative Of 4
foreign feeling and foreign influence, to
which we should ever be strangers.
Against Il measure conflicting with every
principle Of justice, expectancy and the con-
%stItutlon oi the country, | consider il the
duty OF the legislature; solemnly To protest.
The final adoption of that great measure
al deIiNerance from bank dominion, the In
dependent Treasury, has introduced a spe.
cIes oi legislation thai should be as enduring
us the liberties OF the countryside exemp-
ton OF the treasure of the nation. from be-
coming a source of profit TO the bank stock
holder. and the subsection of the officers OF
tine Illegal use of the public money. The
vicious propensities ofman, can only be res
trained. ordinarily. by tine penalties of the
law;and ! know no reason why. the officers
of every government, whose duty TO collect,
keep or dIsburse. the public money should
he exempt from punishment, crirninaIlv, for
lis Illegal use. In this way only, can the
State find ample protection against the rul-
ing passion "i man. ''love cfmoney."
That flnaticaI spirit, which in its head
long fury would trample upon the rights of
the sIavehold'ng states, and expose us to all
the horrors OF Il scrvile war, seems, yetheed.
less OF the voice Of reason and justice. and
continues TO agitate and alarm the pu, lie
mind, with menaccs Of the destruction Of our
domestic Institutions. The institution of do
mestIc slavery was. nj the time OF the adup.
ton Of our National constitution. left. ex-
cluSIvclv. 10 the control ot the states within
whose limits 1t existed; and we should
lie wanting IN s~"lf-reSpect. and regardless Of
our unipubted rights. were we 10 suffer the
least interference with this delicate question,
from any quarter. Ga this all important
subject. | entertain no doubt but that some
acts will be fully equal 10 whatever emergen-
cy may arise.
My recent tour through the state, afforded
me tie high qualification nf witnessing the
onward march Of Missouri. towards that
pr"dd prominence, which. ere louL. she
Is destined L. occupy among her sister re-
puhIrr>. Regions that but Il icw moutn< past.
werc covered wIlh 4 deep shade Of the I'M
broken forest. or presented the more mo-
hut not less solitary aspect ni the
uurul;ivIred pra'rIe. are now b%l"omirg with
the i'nItS of civilization, aud aifnrdinr SlS-
;cncnce and wealth Ia m industrious and
intelligent pnpulaton y. Her exemption rom
many a.! the effects. ri the late disastrous re-
vUlSiun ii lie commercial and money a.::Irs
OF many OF the states; and her rapid increase
IN population and wealth. are mqinlv attri-
hutab!c 10 the absence of those increased
bank Facilities. which invariably excite 10
wild speculation and extravaganza: 10 the
and economical habits uithe peo-
pie. ana 10 that wise and beneiicicnt policy
Of the general government which secured tn
the hardy and patriotic pioneer of the west.
the right OF prescription in the purchase of
his home. 1t is earnestly desired that these
with further notifications in favor of
the settlers. may become Il part of the settled
policy of the general government in the dis
p0>al OF the public domain.
While this general favored condition of
the people was presented. sound MANY por-
tons "f our fellow citizens laborinr under
'"u>ilrrIbie inronvenicncics, resulting from
Nant of organized counties. Ii will be
d nblIcSS, as gratifying Ia the legislature
as the Executive, To relieve this incon-
venience, by the organization of new coun-
ties. wherever, the requisite population ex-
Called, rs we are To administer the gov
ernment for the common good Of our COM
non constituents. we should carefully inuuire
this duty cannot be best perfored. bv that
which will hasten. as fast rs practical
bic, the cxtinguishment OF the public debt, the
Improvement of our common roads and nav
igable Matters, the imposition upon the peo-