Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1841-01-02

subscribed fOr on the part of the State" THIS re-
QUESTION has been complied with. The State has
executed its bonds--they have been delivered to |
the bank as the law provides sin payment for The
stock subscribed for by the State land the bank has
accepted them The contract is therefore executed,
and good faith unites with the constitution and the
law to forbid the minority to do any act to impair its
obligation. They respect their opposition TO tho
policy Of giving the bank power thus, to use the
credit of our citizens. They point to the act of
their party in proof Of their sincerity. But since
the law has been enacted against their consent, and
rights have become vested under it, the minority are
willing to leave to those who are its authors the
responsibility Of it's violation. 1t is the anxious
wish of the minority to exert all legal means to
withdraw the bonds of the State from the markets
Of Europe and one Of the series Of the resolutions
introduced by member of the minority aud which
the majority exclude from the journals contained
an earnest request and recommendation to the bank
to call at once from the foreign markets all the
bonds remaining unsold there. The minority ask
leave solemny TO protest against so much OF the
resolutions introduced by the honorable Speaker,
as tends in the remotest degree, to impute the want
of political integrity to the American people
They regard the charge as too serious to be made,
as they believe it has been in the absence OF all adj
eQuae proof to sustain it. They repudiae the sem
timent that the election of William Henry Harri
son was made in London, and declare in candOr
their firm conviction, that it was the voluntary act
the people, or questioning their capacity for self
government can find neither sympathy nor support
in the feelings Of the minority. Gratitude to their
consituents--a full assurance Of their political in
corruptiblity--in Short an abiding confidence in
the enlghtend patriotism of the whole American
Ipeople-induce them to mark with merited reproba-
lion any insnuation that their sutfrages can be
controlled by any other than the most honorable
motives. The minority believe, and proudly assert,
that nation Of frccmen, in whose veins flows, and
freely flows the best blood of the revolution, whose
history is embeiiished BY iests of patriotism, and
adorned by signal manifesto of public virtue,
will never dshonor the memory of their fathers by
bariering their liberties for British gold
The minority beg leave, respectfully, to decline
the distinction conferred upon them by the applica
ton of the term "federal." As reproach, they do
not deserve it,-and if employed to designate their
political principles, they think they can apply the
term to another political faith, whose peculiar pro-
critics fall much more naturally within its definition.
| The charge that General Harrison is Federast
is without proof, and is therefore easy of refua-
ton. 1t is matter of history that he held office
der all the Presidents except the two last-and has
been during his whole life actively associated with
the Republican party. He opposed the election of
the elder Adams, and though holding Office under
him at the time, vindicated the claims of his rival
and successor, Thomas Jefferson and the minority
trust that it may long be remembered, that while
the Federal party were opposing the late war; and
throwing every obstacle in the way of its hon
cradle termination, Harrison was exercising the
valor of the soldier the side of his country
The charge is too well understood to require ser-
Gus refutatiOn
The minority protest against being held respon-
sibe for any thing growing out Of the correspon-
dence between John Smith, President of the bank,
and Frederick HUH & Co. II is connection with
which they have nothing to do and which their par.
ty long since labored to defeat. brief statement
Of the facts, however, the minority think will show
that the construction given TO those letters is not
Warranted by their language or intention. The
last legislature of Missouri amended the bank char
ter. to authorize the bonds of the State to be
drawn payable in the markets Of Europe. The
minority would here ask leave to repeat that this
proposition was opposed, with perhaps one excep-
ton, by their whole party then IN the Legislature.
1t was supported by the majority and become a
| law. To execute its provisions John Smith, the
President Of the bank was sent as an agent to Lon
don. lie carried with him the bonds Of the State,
and failing to effect sale constituted Frederick
HUH g. Co. the agents of the Bank, and left the
bonds subject to their disposal. A correspondence
ensued between the bank and its agents. The bank
on its part urged a sale Of the bonds on an advance
upon their deposites. a sale could not be made and
the advance asked for, was declined because among
other reasons, report had been made to one branch
of the National Legislature evncinr dstrust of
the ultimate sOirency of Of the States and in
the opinion of this minority unnecessarily attack
ing their credit and standing. --Froderck HUH g.
Co. anxious to satisfy the bank Of their fidelity as
its agents, disclosed 10 the president in answer to
his letters the causes which had operated to impair
the value Of our bonds and drive them from the
market. In the confidential intimacy Of principal
and agents, they advised the bsnk that the attention
of capitalists was turned to American politics, and
why? The reason is obvious and no one can fai, TO
discern it. Some of the States were already large
ly indebted to those capitalists They had pledged
their "good faith for the payment Of the sums
which they had borrowed. This was the security
upon which the loans had been contracted. The
Bank of Missouri was implOring advances upon
similar indemnity 1t lad been insisted among
ourselves that while the success Of one political
party inthis country would have the effect to in
crease the value of those securities the ascenden
cy and policy of the other would diminish and i'm
pair them. The funds of the capitalists had beer
sought after and was not voluntarily rendered by
them. The faith Of the State had been pledged foI
the payment Of the advances which had been made
them. Was it strange then that those capitalist,
should enquire whether that faith would be kept
The subject to which their attention was directed
had become to them, in the ordinary operations OF
business matter of natural and legitimate enqui-
~. The minority protest them against the attempt
too palpabe in said resolutions to turn to busi
ness transaction between the bank and its agents.
which the judgement of their party had formerly
condemned to their preiudce. The minority re-
sPectiully but earnestly protest against so much OF
The resolutions as are intended to produce the
impression that it is in the contemplation of Con.
gress to assume or in any wise guarantee the paw
ment of debts contracted BY States abroad. They
discaim any such intention party and denounce
The policy as forbidden by the Constitution and al
var with every principle Of Justice. They view
the policy unwSe in its tendency and unjust in
Its operation. They always have been-they now