Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-08-08

Admitting then the sounincsS Of his defence, the
necessary inference is, that they want the hard mo-
nev for the Office holders onlv while bank notes
are still TO constitute the currency to be used by
the people. We say nothing about this aristocrati-
cal distinction at present. The people see it.
But, gentlemen, Notwithstanding the views of
Mr. Buchanan and some others, weure constrained
to express the conviction, that the most thorough
supporters Of the present administration, are OPP
posed to all banks. State or National and that they
advocate the SlbtreaSury scheme, with the avOwed
purpose of putting them dJwn. Col Benton. if
mistake not has cmphaticay declared, that as
individual, he is opposed to all banks. The great
Mr.. Calhoun the man distinguished above all 9th
ers, for his ground and lofty umbling, still declares
that he would advocate a National Bank in prefer
cnce to State banks, and iustfes his former devo.
ton to the I. S. Bank. aud his opposition to the
removal Of The depo,teS, upon the ground that he
then saw no means Of getting rid of the banking
system as q whole, in consequence Of the encour.
agemeut given to State banks; but that he now
cordially embraces the Sub-trcasury scheme, a.
a0rdng the means, BY which the whole credit Svs-
len with all its Janeful Gcccssions may be swep'
from the land.
Wei gentlemen, let us for while consider the
question upon this ground, and let the issue between
us be, hunks, or no tanks.
We are told by somc Of Our candidates, that the
people have only to follow the example Of the gov
ernment, by refusing paper, and that gold and ST.
yer will flow as free the grace Of heaven.
Adopting the language of scripture. they tel! u.
we have Galv 10 ask It, and we shall receive il ="
10 "Lnocl and it shall be ooened un.o Us" We
| have heard the owners Of wood wards told, that
they have bat to refuse paper, and the masters Of
boats will be cOnInepd tG buy their wood and nav
| them in specie.
Well. now, admittinr that bv n general concert,
between the pronrieiors of wood lands all along the
river from the mouth tothe source. that such rc-
sut MIGHT he accomplished! What would be the
next consequence? WHY. these masters of YES
sells. fndnr thev cond not defray their ordinary
eyDensns without specie. would he forced TO de-.
mand !; of our merchants in Our towns and VILLAGES
in pavrnpnt of freight Well what if they do, saws
one I? WHO cares for the merchants! Make them
shell out the solid stuff too Well gentlemen if
we are made 10 believe that our interests are nor
identified with theirs, we NAV not care for the
merchants. But it would be very snUnlar, if thew
did not manifest some care for themselves; Christ
mas and New Year is cominr on by and bv, and
then the farmers BERN to gather in. 70 settle I'M
their annual accounts. After ascertaininr the
amount they are owing. they will null out, not a
long siken purse filled with real sinners for like
the balance of US. but few of them ARE blessed
with such an article, bur a pocket hook. and throw
an, hot they believa 10 ho The ,nonav recuirod ,o
linuidate the debt The clerk merely chances nt il
and throws i, down with the contpmptuous oycl,
nation. "Why ,hi, is Illinois money, we can't take
itn nCan' take Illinois money =" saws the farmer
No sir we cant, nav rrp;git even With II vo
want hard money ~
We'll, now by this time, the shoe becius TO pinch
the farmer, as well as the merchant. This is max
| inc the rule work both wavs and carving ont the
Lard money principIe: and we will find when we
have TO sacrifice our properv TO nav our Debts TINT
this hard money system, is not the thing which it
has been represented to be, by those WHO are fore
| inc it upon u.s.
t,l al.
of Saline county, and ask them, if the merchants
! like the government, were TO resolve suddenly,
that they would receive NOTHING but gold and silver
! in pavment of their dues, how would they be able
or many of them at least to nav their debts, with.
out bringing their estate to the hammer
And as much as is said against spectators,
would such state Of affairs be detrimental to their
interests, or to the interest of the otfce.boderS
who have been boQrdinr nm the hard money which
they receive in payment of their salaries Va
genl,gmen, gow rGuH find them at uour a,rc'3iagS.
hil4ing for gour property and 6uging ii at one
fonrt6. or one tenth Of is rSai rgiue, Wv
And these very uAice.hulders are laborinr to
brinr about this result How disipteresteGlv they
are aborinp, iudre for Yourselves!
BIT in addition to tho ruinous sacrifice Of prop
criv, which must follow the destruction OF the
banking system there would also. necessarily sue
coed. n depreciation in the price of produce. and
of labor cOrrespOndinr with the decrease Of the
circulating medium of the country. For IL is
fact well known and admitted nv an that the price
Of produce depends not only upon the demand
which NAV exis, for it in the market but also upor
the nmoui of the crcnlating medium Of the coun.
try. by which such produce is TO be purchased.
/ We all know that there must be as much de-
uond for provisions, &c at this time in the South
ern market as there was last year. For the same
ucople are there, and they are compelled to eat or
starye. Yet the price of all kinds Of provisions
I've mirht ventura to assert has dcDreciatrS from