, 1840-10-31

dred pounds sterling; and then there were no
contractions and expansions IN the currency.
France has no bank note under five hundred
francs, (near SIOO9 and there specie is so a.
!5undant that the Banks Of England had to
!, o there last year and borrow two millions
: terling to keep her from breaking.
Holland and Cuba have no bank notes at
l. nothing but specie and the commercial
& Ill of exchange; and their currency is the
;iest in the world. 1t is solid, safe, abun-
liant; interest moderate, usury and extOrtlon
unknown prices and wages fair and regular;
business of every kind p%ermantly good, or
only affected by the general causes which
affect trade and all over the
world. England has no note now under
five pounds sterling (near $3.50 but that
limit is too small, as proved by her Gibbs and
flows in the cu~rrency-her plenty one year
and scarcity another-her periodical expor-
tations other specie and her resort to France
and Holland for loans to save her banks from
breaking. One hundred dollars is the lowest
limit that ought TO be tolerated; and if Missouri
would adopt it, she would have all the advanta-
ges of a specie circulation which France has
and approximate to the solid, safe and abund.
ant currency Of Holland and Cuba.
Mr.. b. repeated: The State has much to
expect from the coming legislature. Besides
the general condition, of the CURRENCY, which
needs publication. and its future condition,
which requires stability; besides this, a crisis
in monied affairs is impending. The fifteen,
tn Of January is the day fixed in the ATTAIN
tic states for the banks to resume. The sol
vent will undoubtedly resume on that dav;
the insolvent and the fraudulent will not; and
against the further depredations of such delin-
quents, the Legislature of the State should
guard and protect its citizens. The banks
which do not resume on atday, and resume
in good faith and permanently. ought to be
excluded from the catalogue of solvent and
honorable institutions they should be repel,
led from the State, disowned and discredit-
ed and forever accommodated from The
society of other banks.
Mr.. b. remarked upon the warmth and
animation Of the present election, and had
no objection TO it while it kept short of vio-
lence, and refrained from proceedings which
implied contempt for the popular government.
Zeal was laudable and salutary. but violence
would be disgraceful and fatal while all adj
dresses to the supposed ignorance of the
people were derogatory and insulting. He
was no braggart. and made no empty boast
ing to impose upon any body. His own
principles and his own conduct, were indie
pendent of the issue Of elections; and he
paid others the compliment of supposing their
principles and their conduct TO be as stable
as his own One sign only he would men,
ton: ii was forced upon him by the conduct
of the opposition. They had taken the
coon-both the living animal and his skim
for the sign and badge of their party. One
Of these animals had even been carried to
Nashville to figure in a procession on a great
occasion. That coon is dead! He died at
Nashville, and bis death, in the language Of
an old friend, is felt to be the omen of a bad
sign. Bad luck. according TO the c~alcuIa-
lions Of the augurs and soothsayers. NAV
now be supposed TO be in reserve for the
party.
Mr.. b. having spoken upwards of two
hours, announced that his time had run out;
that he had occupied more time than came
to his part; and descended from the stand to
make room for other speakers.
n-