Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-03-12

the pubic must Judge.
They return their thanks for the liberal
patronage bestowed upon them by their
friends and the public, and respectfully So
lcit continuance of their favors, with the
renewed pledge on their part, that no pains
or expense will be spared to merit it.
The following article on the subject Of
the Currency Reports from the select com.
mittees in Congress, we copy from the Ma.
tional Intelligencer Of the 22d ult. The
Report accompanying the bill from the
House, will be found in this mornings pa.
per: the other reports and bills will be pub
lished as early as possible. There are now
four bills for the establishing of Fiscal
Agent or Board of Exchequer, before
Congress, and better disposition begins
to be manifested to work more and talk
less; so it is but reasonable to think that,
taking in view the almost unparalleled de-
rangement of the currency and the conse.
quent sufierings of the people-the abun.
dance of materials to work upon---and tho
disposition to work, that something will b
done. The Wings in Congress owe it to
the country and themselves: the country
demands it of them, and it will not be sat.
isied if they fail to perform, their whole
duty:
"Last week i, became our duty to place our rsa-
ders in possession OF the report Of the COMMITTEES
OF the House Of Representatives. upon tho propo-
siton for the establishment OF Fiscal Agency for
the Government, with the counter report Of one Of
| the members OF that committee. To-day we are
enabled 10 lay before them the report Of the Sen.
ate's Committee on the same subject, which. with.
out meaning to dsparags in the least ts predecess-
or in the other House, we should recommend to
the deliberate consideration Of every reader If tho
interest Of its subject and the practical character
Of the report did not bring it home TO tho bust
ness and bosoms Of all men as TO need no recon-
mendaion Of ours to their attention.
| The time has arrived at which it is necessary
for those, to whom the People have con6ded the
power, to determine what measure they will re-
sort TO for the purpose Of facilitating the financial
operations Of the Government, and aiding, To-
whatever extent is practicable, the re.establish.
ment Of currency disordered and broken up by
the action at the Government ITSELF
|
present Congress by the will of its constituents,
no less than by mperious public political consid.
era;ions will not be denied. Both Houses OF Con.
gress, at the late Extra Session, applied them.
selves to this purpose with such earnestness and
devotedness as left no doubt upon any mind Of
the sincerity Of their conviction on this subject
Their attempts at that session to provide what
they believed would prove an adequate remedy
for the disorder in the currency failed, by no fault
oil theirs, but by contingency which neither they
nor their constituents generally had foreseen.-
At that Session, Congress certainly discharged its
duty with fath(uness and honor which dessrv.
ed success, though it could not command it.
From the termination OF the Extra Session to
the opening Of the present Session. and from the
first day Of this Session to the present day, tho
state oil The currency has been still growing worse
and worse, until it has arrived at such state Of
general arrangement that in ee.fourths Of the
States there exists no such thing as currency
Even in the city of Philadelphia. that great em-
porlum OF arts, manufactures and internal as we'll
as external commerce, there is no bank paper
now afioat which any prudent man will hold in his
hands moment longer than until he can get rid
Oft In this city, at this moment there are soma
dozen Of the States, the notes Of whose banks, 10
good credit at home, cannot DO converted into
funds current here at a less rate of loss upon them
than live, ten fifteen and twenty cents in the dol.
lar, and OF some States the bank notes canno, DO
converted into money for use upon any terms
whatever. In whatever degree the necessity OF,
isted, in the nature Of things, or in public opin.
ion, twelve or eighteen months ago. for remedial
action by Congress in relation to this subject Of
the currency, it exists to fourlold eItsn. at tho
present moment.
So far from being released by the failure Of thsit
efforts at the late Session to accomplish their Law.
dable purposes from the duty OF making any fur
Their attempt to do something to alleviate the deep.
enlng disorder in the currency, tbs improvident
and caPricious action OF the State Legislatures.
added 10 pre.exsting causes. has added new in.
ducements and imposed new obligations upon
Congress to make some effort to establish cur
rency which shall command the public confidence
and supply medium through which rsmttancss
and exchanges can DO effected, and intercourse
Al