Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-07-11

Sec. >. No person shall pass, or offer to pass,
receive offer TO receive, any bank notes or paper
currency, payable after date, commonly called
post notes, after the first day Of March, 1889.
SEC. 3, No person shall pass or offer to pass,
receive, offer to receive, any bank note or paper
currency, issued by any bank generally rcpued
and believed to be nOn-specie paying bank, after
the first day of March, 1889 4
! Sec. t. No person shall pass. or offer to passN
receive, or offer to receive any bank note paper
currency purporling to be issued by the president,
directors and company Of the bank of the United
States, after the first day of March, 1899.
! Sec. D. No person shall establish any agency.
or any branch Of any bank Of another state, ter
rtory or Of the District Of Columbia after the first
day of March, 1899 nor shall any person who may
have heretofore established any such agency or
branch Of any bank, continue the same in exist
cnco after the first day Of March, 1889.
SEC. q. No money broker exchange dealer
shall carry on his business after the first day Of
March, 1899, without license from the clerk Of
the county court Of the county in which said busl-
ness is to be transacted for that purpose The tax
on said license shall be paid to the collector Of the
revenue for the Of the state. The license shall
be granted on the presentation Of the receipt from
the Collector for said tax. An occasional buying
and selling Of bills cfeXChangc shall not constitute
a broker or exchange dealer within the meaning oi
! this act
Sec 7. Every person who shall pass or offer to
pass OF receive, or Oitf 10 receive, any Dullk HOtC
or paper currency, contrary to the provisions Of
this act, shall be liable for the contents Of such note
or paper currency and,
| per cent damages on the amount thereof, and the
| person injured may recover the same before any
tribunal having Jurisdiction Of the amount, on no.
/ tCa and notion and he may call upon the opposite
party to testify on oath in regard to the matter and
in case yG lis refusal may testify himself, but No
answer 50 obtained shall be given in evidence on
any Indictment for the same offence.
Sec. =. Every person who shall pass, or offer
to pass, % receive, OF offer to receive, any bank
note ur paper currency contrary To the provision,
of this act, shall be indicted and fined not less than
dollars.
Sec. o. Any agent or broker, or exchange deal
err Tor violating any provision of this act, shall be
| inflicted and fined not less than ten thousand dol
| lars.
Sec. 10. Incaso civilizations of this act by in
corporate bodies, the president directors and cash
Ter Of said bodies, any them shall be liable
as in case Of violations By private individuals.
| Sec. II. Every person required to be licensed
by the laws Of this state, after the first day OF March.
! 1893, shall before he can be licensed to exercise
his trade, calling, business profession, take an
oath that he will not knowingly violate the provis-
ions Of the act to regulate the currency, suffer
any agent clerk Vi bis to do 50. Every such per-
son, violating the provisions Of this act shall on
conviction forfeit his license and be considered
gully Of perjury, and punished accordingly.
l Sec. II. Every person who shall violate any
provision ofth5 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 Of this act, after the first day of March,
1880, shall upon cUnvictiJn forfeit said Office and
be removed thcrcrrom.
Sec. -. The several circuit attornies shall pros
ecute and all grand jurors shall present every VIC.
Iaion Of this act Of which they have knowledge or
prohabie information
See. IL. The Judges orlAe several circuit courts,
shall give this act in charge to all grand juries,
and Shall read it to them
Sec 15 This act shall take effect on the first
day Of March, $3.50 1t shall be published three
tines, weekly, in each newspaper published in the
state, Immediately after its passage"
The objections entertain to this bill, which
is again declared by the Democrat and other
party papers, to be 'the test question in this
election, would, Of themselves, occupy more
space than have prescribed to myself in this
entire address As | shall have many oPportu-
mites, however, for oral anplilicatons, on this
and other subjects, | will very briefly embody
the principal reasons which must cause its re ec-
lection when submitted to the judgment Of the
people on whom it is to operate.
To say that the fourth section, apart from its
unwise and sptclul exclusion from circulation,
(u1lder any circumstances Of Bank notes which
are conessedy as good or better in the payment oil
debts than any other eastern bank, was also emil
nently discourtcous and unlrateGnal to a sister
State, who had adopted it, is denouncing it in the
mildest terms which its folly aud iulpolcy has
provoked.
The first, second, and third sections may be
considered together--and let any rejecting man
answer to himself, what would have been the
situation Of the debtor class Of the community al
this day, if the efforts of "lhe party" had moi
been counewaiIed by the refusal of four admin
istration Senators to concur with their brethren
in the House of Representatives These sec
lions, 1T will be perceived aye sanctioned by oattS
indictments, J0JtitUreS, fines and diSlualUca
tons, as thick as words can render them, in penal
sections. If, as we hear from every quarter Of
the land, the most upright and Industrious men
find it difficult to pay their debts as things are
, what would be then condition if the notes Of H.
linois, Indiana, Kentucky, the Bank Of the U.
States, and other nonspecie paying banks,
were thus excluded by tits bill OF denominations
f Our own bank either cannot, or will not turn
, hnger-god and silver cannot be had, for Il
is not IN The United States IN The proportion o.
o more than from TO 5 dollars for each citizen
e creditors do not ordinarily object 10 the "cuuen
. cy"-and FOR WHAT shall this law be passed
2 which must reduce the price of property anC
q wages more than one hall, and bankrupt thou
= sands who would otherwise be able to pay thei
n debts and support their families? FOR WHAT
! To pretend that it will render silver and goll
Il more plenty, is but to assert that it can make hare
: dollars-Ior, as before remarked, it is not in th
y country, except in the trihing proportions hay
). mentioned, notwithstanding it has been PROMISE