Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-10-17

Then We can mike our editorial out % something
else, this week.
OPENING OF THE PRESIDENTIAL CAM
PAIGN FOR lai4-D ESIRUCTy0N or
TIE BANK or MTSSO URI DEYERNIN.
ED UPON AT THE JEFFERSON CON
FENTTON!
The dcclension on the part Of either the Editor
OF the Democrat or his correspondent, to respond
TO our article of the week before last, is beginning
10 be accounted for. pleasures even more ultra
and decisive have been given the preGomlnonce
over the propositions Of "Agricolu in reference 10
his suggested notifications Of the charter. We
row learn, through various indirect yet coucurring
channels, enough justify us in the inference that
Mr. BrYToH has determined that his legislature,
at the approaching session shall declare the char
ter Of the Bank Of Missouri forfeited, md make
the necessary arrangements for winding up ITS
business and selling its property,
These remarks are not made idly, or III jest, bu;
with proper understanding Of the magnitude o.
the in terests involved, aud the Importance Of the
question L, our readers and the public in general
# is we'll known hat, for length Of time, the
Blnk has been largely indebted to the Government
of the United States, and that Mr. President Smith
has twice visited The east for the purpose Of bor-
rowing money with which TO pay this Government
Extraordinarily succeeding as is understood IN
raising the sum Of six hundred thousand dollars,
BY pedging the bonds Of the State, in tile shape Of
collateral security, at sixty cents in tie dollar,
,roy,ded the Bank fails 10 pay the debt according
10 the contract made By the President.
This act Of tleIgng the bonds Of the State, at
less than par, is the one upon which Mr.. BENTON
intends to rely, and upon specifications drawn th7re-
from he intends TO require ali his faithful subjects
to vote down an institution for which (it may be
well enough to say tie Wings, in general enter
lain no manner of respect-ncr should they
Let us examine, however, for moment, The
riskiy IF the Bank under the charter and see
whether the wrath Of Mr.. BENroN is founded il
iusticc, or is preteXtto accomplish by party
violence, that which la, no foundation in the a~ or
equity:
THIS branch Of the question, being the on'y one
in which the people are materially Interested we
desire to approach in Il sprit Of sincerity and calm
ness, aud hope to arrive 3. conclusion strictly
warranted BY the facts Of the case. We are wholly
without PF'luu'ec III '"S 's''H ~ -
eek heces'''""'l o. ''u'' F1''' "''e'""'' WV
not indebted 10 Inc ba"N VI ''''s'''' " III! "''-'
Bank single d'!'ar' !" .'''' P''''''c', 1T
"nr position IS dH.Fe"' 'F''" UNI u '''' i'''"
Lick Democrat ""ic" opposes %ii ''NlS' !''
draws its dd'y 0'c""' uh"er 'o ''''' y. '"'
Cash''r, from lie very b'"" 10" "''''' 'o"'
ton
The sixth >ecHon "' Tue ACT '"1'',r'"s ''o "a"
authorizes the sue oi the ""'e o'"''' 0o' 'of0'0'
such safe at discount ana ''o ~" s''''1" p'"'
yides that the General AN>em'E may "t""! '''"'
direct sc"s jGc'aa 10 Issue from Inc Nf'o Cour'
Of st, Louis county, calling GA 'he bl"h |" $40"
cause why It's charter s"AI not DC declared 'oF-
tcited--but the same section declares mat every
issue of fact shall be iF'ea oy Jury
The tenth section OF the amended charter en-
powers the Bank to mortgage i'eoSe' Vt !" any
manner hypo'hccaie the bonds OF tue S'0'e' ana
upon these three sections ''' question: ARISES
whether r'ed@' OF ''c "A'e Oo'"S' 10 'G o''i'ete"
Ut S'A'y 0''''. :" - .J.,ru.
to comply with her c"soS'"''"'' i L S4' u '''e
bonds at Tess ''' ''''" ra, ,',-, - ,,., n