Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-07-11


q, reugn perusal Of bis remarks
For he Boon's Lick Times.
81 MARMADUKE VERSUS COMMON SENSE.
HfS critters knew how to CIPHER, they ,rould soon
find out that sum stated thdi i6dy dlw1yS ends in
nosght.-Sam Slick.
That worthy gentleman. Mr.. Marmaduhc, whose
friends have seen fl to nominate for the Office Of
. Lieutenant Governor of this State, has very kindly
sissuad circular to inform us ignorant and benght
cd creatures Of the pros and cons Of his political
creed shall pass the greater part Of it, it
being nothing more or less than the creed Of his
party-Militia bill and Snb.treasnry inclusive
and coufne myself to a review Of his opinions rn-
speeding Banks
He is SO consderate as to say that " he is in IA
vor Of Banks with proper restrictions" Very kind
Of him certainy--und who is not? But what
these proper restrictions Aye, there's the rub!
The proper restrictions are, first, "that no bank
shall be allowed to have than co paper dollars
in circulation for every dollar Of specie its vaults"
In its vaults mind that ; and by no means allowed
to circulate unless upon emergencies. Second,
that in the event of the Banks refusing to redeem
their notes, their affairs he Immediately wound up
Now, MI Marnaduke no doubt thought that he had
u very brilliant idea in his head when he hit upon
this very immaculate method Of providing sound
currency Safe too, is it not for at all times the
hanks will be able 10 redeem their paper at 80 cents
ou the dollar
Now. would like to ask Mr.. Marma!uke Or his
friends, how many specie dollars there arc in the
whole twenty-six United States. Does he think
there are sixty millions According to good cal
citations that is supposed TO be the amount Mr.
HsrmOduks very kindly allow, us to double this
and BY this means we shall have one bundled and
twenty millions of paper dollars. And this is 10
be the sum total OF our cash capital upon which
we are to trade, buy, sell, aud carry the whole
external and internal trade, transacted by fifteen
millions Of people scattered over one million of
Square miles of country, and to pay forty millions
OF taxes in spe;e annuity.
We will suppose now that in tie course Of the
year we shall be able TO turn this one hundred and
twenty millions every three mouths which every
body in trade knows cannot be done but yet NC
viii suppose it can be done for we wish To allow
the greatest possible latitude to argument Here
We have then splendid paper capital Of one hun
dred and twenty millions, TO do business rcquir-
ing ten times the amount. How are to lay it
out.
Outlay the first, will be ten millions Of specie
aims twenty millions of paper, for the expenses of
the government for three month this leaves us
still one hundred millions!
Outlay the second, will be fer the Banks How
many will Mr. Marmaduke kindly allow us! Will
his generosity allow US one hundred for the twenty
six States! They will want capital of one million
each for they cannot possibly do upon less, and hea-
ven only knows how some of them will manage upon
thut. Well, our capital is swallowed up. What
are the people to do! Where is the Merchant, the
Manufacturer, the Planter, the Farmer, to get mo-
uey! Why from the banks of course, And of
course to the banks they go. The banks being
good, generous, patriotic, democratic banks-hou-
rishing with this large capital, under the shadow
If the mighty wings of Van BurenisIn--of course
lend out every paper dollar they are allowed to cir
cua,e, on the free and equal principles pursued by
TIE party. This being the case, aud there being,
will suppose only ono million Of individuals,
eat Of fifteen millions, actually engaged in COM
or agriculture, it necessarily follows that
each Of this million Of individuals will receive from
the banks one hundred dollars, on which TO trade
for three months.
ONE HUNDRED DoLLARs! How rich they will!
be What will they be able to do with so mighty
sum of money And what tremendous profits
they viii! make by trading on such capital Mr..
Marmadukc will have hundred dollars to lay out
on his farm. What splendid improvements he will
make! How many acres Of prairie he will be able
break up, and fence in. and wheat, and plant
corn upon What tremendous amount of dry
goods, groceries, hardware, &c, the storekeeper
will be able 10 sell What immense quantities of
cotton and tobacco the planters will be able to raise
ElcA one Of them may, with economy, work four
niggers1 Is it not astonishing, wonderful, extra
ordinary, and unprecedented -! We shall grow
rich so fast that in very few wears we shall want
no money at all, When that glorious day comes,
shall we not sing out, huzza for Van Buren, Up
with the Sub -treasury and down with the " higs!
The people Of Missouri ought to be very proud
Of Mr. Mar;naduke The inventor OF 50 magnificent
plan Of restoring sound currency to the coun-
try, ought to be rewarded and Of course they will
make him Lieutenant Governor without any scru-
pie, for he will be able to enlighicn the legislature
with his luminous and brilliant ideas, aud show
them new way to soc through grind,,onc with
out boring hole through H. S,
For tie Boon's LirF Iiaes