Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-09-25

lucky, cannot, by any violence OF lmpllca-
ton, be considered as casting the slightest
censure on that venerable and venerated
name.
beg leave to be INDUCED with word or
two as to the course it now devolves upon
us to take. The Senator from Kentucky
says he hopes we shall go on and perfect a
new bank bill. While avow myself will
ling, if such bill shall be presented as my
Judgment can approve, to give it my sup
port, must be permitted to say that, in my
opinion, we shall better consult our duty to
the country and the subject, if we do not
attempt second bill at this time. 1t is
great, difficult, complex question. 1t is
question on which the country is more
divided probably than on any other: espe-
cially as to the form which bank shall
assume. | may conclude if you please,
that there is a majority in the country in
favor of fiscal institution of some kind,
and which shall render some incidental as
sistance to the currency and the exchanges
of the country; yet, as to the form of the
institution, its powers, its capital, and all
its details, men are more divided in opinion
than about any thing else. No project has
as yet received the support either of Con-
gress or of the people. The presses even
which support the honorable Senator do
themselves now say of his bill that it
would have been imperative, and its loss
is no calamity to the country. Shall we,
then, when we are all worn out, in mind
and body, by our unnatural labors in these
dogdays, be called upon to make yet
another disastrous experiment? | say to
this side of the House, and would say
to the other side, Gf | could be permitted
to do so without treason to party) shall
we, at this moment, with all the evidences
of extensive difference as to such meas
ure before us, rush on bndfold and in
triple haste seek to get up another crude
scheme for the finances of the country
l would respectfully say, no. If prudence
is to have any thing to do in guiding our
councils, would say again, no. Mr.. Gal
latin in his late admirable pamphlet on the
currency, says, most truly, that a Bank of
the United States, from its intrinsic I'M
popularity and liability to abuse, is SUBJ
ect, which, above all others, ought to be
acted on "with great caution and due de-
liberation Mr.. Appleton, too, than whom
no man has evinced greater acquaintance
with the whole subject, tells us 1.-THE estab-
lshmcnt of Bank of the United States
is the last thing to be done in haste, or as
mere PARTY measure" | never will
agree to act upon any measure touching
the great and vital interest of the currency
as a party measure. We are entitled to
the joint wisdom of the whole people, and
every part of them, in adjusting this great
common interest. Let US, then, for the
present, pass the subject by. One bill has
been rejected by the President, and has
failed to command the appreciation of
majority of either House of Congress.
Many Wings are, to my certain knowledge,
at this moment heartily rejoicing in the
defeat of that measure. | have in my
pocket book letter from an eminent
Wing financicr congratuIating the country
on the loss of the bill. We have done
much in repeating the Sub-Treasury.
We have thus taken an obstacle out of
the way of the resumption Of specie pay
ments; for it has been truly said that that
system wreaked its vengeance only on spc-
Gle paying banks, while to those who did
not pay specie, its requirement of bullion
was a matter of indifierence:-Where is
the gentleman who will not admit that the
incorporation Of National Bank will, for
the time, operate as an obstacle to resump-
ton! On that point | refer gentlemen
again to the pamphlet of Mr.. Appleton. l
would prefer, indeed, that some temporary
act be passed limiting the discretion now
left to the Executive in relation to the
custody and management of the revenue.
But, if we cannot agree even on that let
the question be adjourned; let US take time
for deliberation--for refection-for COM
parison of views. Let us call in the aid of
practical men. Let us not attempt to ar
range in haste the details of such an insti-
tuition on mere theoretical or party prn-
ciples; but let US build up, with cautious
dellberation, a system which will stand
the test Of scrutiny and time, and be wor-
thy of the Administration and the country.
All previous systems have been rejected
and condemned-the sub-treasury-the pet
banks-an old fashioned Bank of the United
States--a new fashioned fiscal agent. We
have before us complete TABULA RAsA-
appealing emphatcally TO all parties to lay
down, SO far as this question is concerned,
former prepossessons on the altar of the
country, and to unite in an honest and pa
trotic effort to build upon permanent
system for the common good.
Yesterday morning, says the Buffalo Com
mercial Of the lth, genteely dressed and
good looking young man, accompanied by
very pretty and fashionable dressed
| fhn -