Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-06-20
From the So. Louis Bulletin.
MONEY MATTERS.


For years past, times have not been so IN I'd as
they now are, but not content-with the downward
course of things, our adversaries seem determined
to make things worse, and to drive from circula-
ton the little money we now have. Honest men
find it matter Of difficulty already to pay their
debts; but if all notes under twenty dollars are TO
be driven from the state, what currency have we
to supply its place. The Bank of Missouri has no
notes Of consequence in crcuation-the gold and
silver coins not to be had--and if the loco foco
party in this state pass the currency bill, making
it penal offence for any citizen to pass receive
the notes of the Banks of other states under twenty
dollars what must be the situation of those who
happen to be in debt when this ruinous law shall
be in force They may have property and credit
but the gold and silver to pay off the debts contrac-
ted by the people cannot be found in the country,
and the property of hundreds and thousands of our
best men, must be sacrificed at one-fourth of its
value 1t is melancholy to think, OF what must be
the condition of the country, if the currency bill
passes; and if our adversaries succeed and havea
large majority in our next legislature, the bill will
surely become a law 1t becomes every good citi-
zen, every lover Of his country, to be up and doing
and to labor to avert this threatening calamity
Every man engaged in business, every laborer
| farmer and mechanic, should reflect calmly upon
this matter, and examine if his interest and pros
perity would be promoted by expeling from crcu-
lation all notes Of the banks of other states under
ten or twenty dollars. At the last session of the
legislature, the following bill was introduced
A BILL TO REGULATE THE CURRENCY.
Be it enacted by the General Assembly of the State
of Missouri, as follows:
Sec. l.. No person shall pass or offer to pass, or
receive or offer 10 receive, any bank noe paper
currency within the limits of this State, after the
lst dav of March, 1885, of less denomination
than Five Dollars; after the first dav of July
1899, Of less denomination than Ten Dollars
and after the first dav of March, 1s4O of less de.
nomination than Twenty Dollars except the ten
dollar notes of the Bank of Missouri.
Sec. 2. No person shall pass or offer to pass
or receive or offer to receive, any bank notes or pa
per currency, PAYABLE after date, commonly called
post notes. after the first day of March. 1899.
Sec 3. No person shall pass or offer to pass, or
receive or offer to receive. any bank note or pa per
currency, issued by any bank, generally reported
and believed to be non-specie paying bank after
the first day Of March, 1899.
| Sec. a. No person shall pass or offer to pass, or
receive or offer to receive any bank note or paper
currency purporting to be issued BY the President
Directors Il Co. of the Bank of the UnIed States
after the first day of March, 1889.
Sec. S. No person shall establish any agency
or any branch of any bank of another State Ter
rtory, or ofthe District of Columbia after the first
day of March, 1889. Nor shall any person who
may have heretofore established any such agency
or branch of any bank, continue the same in exist
ence after the first day of March, 1899.
Sec. II. Every person who shall violate the pro-
visions of this act after the first day of March,
1889, shall! be ineligible to any public Office in this
State and every public officer who shall violate any
provision ofthis act, after the first day of March,
1889, shall, upon conviction forfeit said Office and
be removed therefrom.
1t is true, this bill was lost BY small vote; but
it received the sanction Of the great body of the
Administration members, and a similar bill will
doubtless be introduced at our next legislature
Now, we ask the common sense men of all parties
TO look into the provisions of this bill and see what
must be its effect.
| Every man is disqualified from holding any Office
under the State who, after certain period receives
or passes any notes (but those of the Bank of
Nlissouri under twenty dollars, besides other PEN
allies
| This Currency Bill is a matter which affects the
interest of every man in the community, and we
ask the people if they prepared to give their
sanction TO this ruinous measure. If they are not,
it becomes them TO act like men.-to march I'D in
solid phalanx to the ballot box, and 10 support the
Wing ticket This is our remedy--'tis through the
ballot box ne must speak our sentiments.