Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-11-28
'IHsSOURH, SATURDAY, NOVEMBER as. Is1O

| Tue hudltOr report that upwards Of one hundred
and twenty.five thousand dollars las been added
! TO The original amount Of the fund accruinr from
| bank dividends.
In 2Hr<iau'e Of an act Of the last General A.
Srmi!y portion of the Saline reservations belong.
ING to the State have been disposed Of at fair prices
aud the nnnun invested in bank stock for the beno-
! fit Of the STATE school fund agroeably to law.
You will discover from the report Of The Auditor
that the dividends nccruing to the various funds
have all been re-invesied provided by law in the
So"t Of the State bank, except the dividends ac-
crning on tie State stock which have been applied
hv The lnuh To the payment Of the interest our
state t"udS, With the exception Of the invested
tor the 6cu,ft Of the sinking fund.
Tho amendments to the charter Of the bank re.
Gure lie TREASURER TO subscribe on the part Of the
State, for the residue Of all the stock except what
portion might have been taken by individuals-
this provision connicted with other laws requiring
the REIMBURSEMENT Of The dividends Of the various
funds in said stock 1t being impossible to comply
with both. il was thought best that the Treasurer
should subscribe far onlv one million Of the stock
for the use Of the State, leaving the residue subject
! 10 investments Of Hccrning dividends 1t would
be well to amend HE charter in this particular and
suffer the residue of the stock TO remain open sub
ject 20 investments If this character
The report + the condition Of the bank and its
branches will b" IN due time laid before you by the
committee ap2o.n:Ii 80 examine its affairs, to which
bog lave to rcrr Won.
have great sn'i> faction in pointing Gu, to you
the high md i"norabil conduct or tho B1nf of
Missouri il Continuing t. redeem all her ublira-
tons with specie and resi- sting the second suSun-
sion Of the banks which beginning in PhiaGcphia
in the fall of 1898, rapidly spread the south
| and west. To tins contagious example the Bank
Of Missouri proved to be barrier and an exception
and in so doing has not only gained honorabI" dis
tiuciun, but has shown how easy it is for the
Banks of any State to resist these suspensions.
tn no Il arl
of value" and maintain the sanctity Of contracts
within her limits. Nor is the benefit OF this con-
due Of the Bank Of Missouri been limited to hon
or and instruction. It has been beneficial to the
interests Of the whole State is exenpitied in the
preservation Of specie among Us, in the vast in
crease Of business and population and in the fair
prices which are paid for labor, produce and prop
erty It is probable that the State Of Missouri is
more rapidly increasing in the elements of wealth
and strength than any State in the Union. and that
the city Of ST. Louis i. tle most fourI>hing.
! 10 this honorable conduct Of the Bank Of Mis-
souri, in fulfilling with punCtuaiitv all her enrag e-
nentS TO individuals, may also be added equal
praise for fulfilling her obligations 20 the federal
government. 1t i" known that this Bark has BEEN
for years the fiscal gent Of the United ateS, and
in that capacity has been entrusted with the colec-
ton, safe-keeping ard Disbursement Of immense
>utTs: all which has b2Cn paid out as ordered By
tie government, and feel authorized in saying
''''' '''' ~''''.' ''' '''~ '' " =,
treasury Is nov closing up, and that every dollar
du" ~ it will he puactuai'y paid as called for
This honorable conduct on the part Of the bank
mas gwen u CI1ra''er ana creu'' ana qna.lH." II
:" oer'he H.'. u 'ie H'aic' PROVIDED II Is 'fe'u
rom tie s'"'N'er "P"r',lonS u nhcoh>t,u''oh1'
hanRlnG ny nhau,h'Fi2rd INSTITUTIONS W'thh cur
,'"i'S' Az tt"t ! rave sdu III tea'oh u ,nf
incinde them.
I have been advised 'aat all the Surveys aud ex-
a"'EhUnns "'rer'F" I" DC llaue oy t'e acI % iH'
'Ar' '"Gi>.'lU'e nave "e'h co"pe'eu WIN 'N7 'N-
''''''" vi 'u'' "'e' VI ','e 'ie''','''
yer haHCe> us ''"',I N"efe 'he le'eis anu souh!
ing ohI! reI'", |" pe ""@n'
Inc survey lof ran roi" rom o. LOUIS u .''
iron .houn'l'n resulted IN ,9e a'Ia'nmenI OF
route passing very cPh'Iaiiy t'ro"gh I"e i'hrra
REGION as pre- 'crihsi by the I"g',Iatnre ne
very brOAeA ann irregular country over when lhis
I!rpF"Fen'ht Is cplhPeHeu I'd pass VIII MAKE -
reconstruction 50 very expensive as 70 aHo'd H,H-
reason to expect any rccunlary remuneration t'
the safe ior caPital II might invest IN TINS en-
terpTtse.
The examination OF the tierrimcc river mas
shown that mat stream cannot be improved so n
10 admit OF Navigation without resort TO a connect
ed series OF locks ana Dams winch "oH'd 1e eXPPn'
siV2 IN tueiF CONSTRUCTION ana "h'cn 'roh tH'
great taI' IN Inc stream Wou'd De so frequent hT
to rfnd9F the navigation OF Little value by reason o,
the deIiy ana expense l"ey wonid occa>'o" anu
connected WIN 'hH extremely 'ortuH"s COURSE "
the river WOULD eA9ct"H'y pFeciuue the use u
steam On us waters; AN independent ch'ul' VIII
Is ie'elS SO aol!>,eu as 10 aioru me greatest lan
uacIu'a"e 'aci.,, 8 ~ NC the YES, S'u ="
deeu l'c oh'y proper h"u u Improvement '"r Tue
veey OF tSls Sien Out IRON o"e ,;m Ia ",
10 ''u
4Ieat ~ I'.pu ""y ,L' 'r"s
So'' ,t'o ~ on,oro,;.e -