, 1840-10-31
WHOLE NUMBER 367.

shook hands with the venerable man amidst
lie loud applauses of the assembled multi
tude. and continued:) Would you change
nm because he has fulfilled every promise
which he has ever made? Because he has
had the courage to recommend a bank
rupt law against bankrupt banksl Because
ne has recommended the suppression of all
paper money under twenty dollars, and the
Use of gold and silver for all the common and
minor dealings in society," Would you
change him because he expresses all his prin-
ciples TO the public eye, and answers every
question that is put to him? Would you
change him because he initiates the decorum,
the reserve. the dignity Of our past Presi-
dents. and scOrns to electioneer for the exc
cutive chair! Would you change him be-
cause he has refused to truckle to the aboli-
%tlOnISts, and is tauntingly called the North
ern man with Southern principlesl Would
You change him for these things? (CrieS
Of no. no.)
Mr. B. took a rapid view of some points
Of State policy, intimately connected with
the great question Of the CURRENCY, and
with the abuses of corporations. The cur
rency was Il question. he slid, on which the
State governments could do much for them
selves, Independently Of the federal govern
ment. and much more by acting harmonious
~ with It, and in concurrence with its policy.
A State rs large Is Missouri could, in fact,
easily regulate her own currency, and make
it whit she pleased within the limits Of the
constitution; and to this good work this state
vas peculiarly excited bv the provisions in
her own constitution in relation TO banks and
b~lnking. Size hal very peculiar provisions
on TINT subject. showing Il determination on
the part of the farmers of the STATE c~onstitu-
ton to project the people from the evils OF
excessive blnkln-. and the curse of debased
paper mon Y. H'r constitution was made
in the year 1920. Just four years after the ma
tIOnal blnk had been chartered, and in tho
second wear of the deSolation which that
bank. and the lncll banks, hal brougt upon
the country. IL was made amidst the wreck
of banks. and when the pestilence of a de-
prayed currency OverSpread the land. 1t
authorized the establishment Of one bank in
the State, and but one; 1t allowed It FIVE
branches. and but one branch TO be establish
cl al any one session of the Legislature: il
VS. express AMI explicit in limiting the bank
inL power To this restitution and its branches.
Such Is our State constitutions; and under it
one bunk hls been created, and two branch
IS have been given To il. So far, so good
But how stands the fact of banking among
Is It confined To the constitutional bank,
AMI us branches! Far from it, Corpora
created tor other purposes are exerci.
SIM every banking privilege, except the sin
one which they do not want. that of man.
ulacturing their own paper! These corpora
lions, with other establishments, inundate the
with the deprecilted paper of foreign
banks. 81 that. while the constitutional bank
pays specie for all its notes, and has never
suspended. the suspended banks of other
States have virtually branches among US, and
the State as completely the slave and
victim of the foreign suspended banks as if
they were l"ca,eI m our very bosom. The
State is made the receptacle and the sink for
this b td paper. THIS is Il violation of our
constitutional contempt of the Legislative
authnrity-ln injury to the people-and des-
%tructivc to the interest and usefulness of the
constitutional bank. Its notes cannot circu-
late. They are MI hunted down, and brought
up. 10 be presented for the specie; the specie
is shipped; and nothing remains in ~circula-
ton bu; the deprecilted paper which is I'M
ported from other States. Vast is the ex-
portation of specie; no less than Il million
Il 'lliA VI u'st's' lpfI IliI AZ VI Sls y
is, in the last ten months. rs | am informed
by those who well know. and no less than
millions from the same place in the last
years! enough to give the state Il double
for m exclusive metallic currency, in
stead of what we have got--an exclusive de-
Treciatcd paper currency In return for all
sperie exported w, get small notes
rven one dollar notes-from suspended banks
in, other States. even from Carol forgetting
that the holy scriptures tell us that a house
built on tie sand cannot stand. 1t will be
the sacred duty of the Legislature which
meets in 4 few weeks TO correct all these
to suppress unconstitutional and spu-
rinuS banking; To reduce all corporations to
submission To the laws; TO expel all base pa
per. and all small paper; and to secure to
the people Il safe and stable currency, not
he affected hereafter by the commissions
If the paper system either in Europe or
America. The suppression of all paper I'M
Ter twenty dollars viii 90 towards effecting
great object: TIE adoption Of my limit
uR&er one huHdrei dOlarS-would
1--WE us Il currency equal 10 that of France