New-York daily tribune., 1842-11-07
Relief for Hard Times.


called upon to relieve the hard times According
ly he has issued his plan in an Extra of the
Lexington, Mo- Express. The learned and most
illustrious statesman begins
"slRThe great distress per7ading the community
throughout the State"-
Stick pin there. We have sort OF reminis-
cence, that about two years since, Ex-President
Van Buren wrote letter to somebody in Missou-
RI in which he described that wise State as enjoy
ing all the blessings which HE had endeavored 10
impose upon the whole Union, beginning with gold
flowing up the Mississippi, and ending with the
Bank of Missouri We have now the evidence of
Governor Bsggs as TO what those blessings really
we're" great distress pervading the community,
throughout the Stale
The gentleman next proceeds to tell us what is
the cause Of this distress. He puts on his think
ing cap and proceeds:
Having chosen 10 represent the people of this Sen
atoria District in the Legislature, have reflected much
upon This matter and have the conclusion that
we supply them with sufficient circulating medium.
The want o.! The one thing needul the money the
OF all the bard tines"
We think the Governor did not scratch his head
in vain. He hit the right bump. We verify be-
ieve it IS the " want of money which makes the
difficulty
But-there is the rub-what is to be done p
The Governor has found clause in the
charter of the Bank of Missouri, by which it
is authorized to receive fUe millions Of dollars on
depositc, and issue notes on it. This is the pivot
of his plan of finance, and he proceeds:
"Now instead OF borrowing the said sum Of FIVE millions
fdoars as proposed in the Bank charter propose that
the State shall lend her credit State Bank by issuing
say five millions OF her bonds, without interest," each bond
10 be hundred thousand dollars, be deposited with
the Bank and upon this deposit Bank ssue
same amount IN trust fund notes of the denomination los
20s SOS and 10c dollars each.''
That, now, is plan of finance worthy of the
genius of some of our Cincinnati hard-money,
free trade inanciers. Five millions OF State
Bonds, without interest, is truly hard-moncy
foundation for bank notes Their bank notes are
to be apportioned among the People by loans on
bond and mortgage
But there is still something wanting. The Peo-
pie might not be willing to take these notes.
The Missouri fnancier triumphs over all such
obstinacy. First, if plaintiffs refuse to take it
from their debtors, they lose their remedies
Next, said notes are to be taken for every thing
due the State.
But the grand panaccu for any deficiencies in
the character of the money is to be made up in
this clause:
'No Broker should be permitted 10 exercise The business
OF Broker in this State, without first obtaining cence
from the proper authority and paying the State semi
annual in advance OF one hundred dollars per day and
purchase the trust fund issued under the provision OF
this act at less than their par value shall be deemed Bro
Brokers for carrying their license, which penalty shall
be the amount of the tax and heavy fine os the infringe
ment OF The law"
The genius of John Law and the political saga
city of Col Benton beth sta"A --"h-,'-1
The effect of this plan are to be equai 10 '.s
be Of a aoeP 70 t
property of all kinds to gain It's vaue as it Is
far below what would really be worth in ordinary pros
Chasing SS this property and Of paying their debts"
Happy Missouri !! We should envy thy pros
perity, but, luckily, we have just succeeded IN es-
tablishing in Ohio dynasty whose genius, worth
and wisdom are equal to their own! Think not
thou art alone, in such a coruscaton OF resPend-
ent light Here, in Cincinnati, we have stars,
and suns Of genius, before which thou shoudst hide
man Cincinnati Chron.
WHO si,onld Vote she Wing Tickets
Every friend OF a sound Currency
Every friend to the Protection OF American In
dustry.
Every man who believes that the Public Lands
Of right belong TO the States and the People
Every opponent of an increase OF Executive
power.
Every man who believes that purely hard mo-
new currency ought not TO be established in this
country.
Every man who is opposed TO reducing the wa
ges of labor to level with the wages paid IN the
hard money countries of Europe
Every man who is opposed to the stopPase OF
our Public Works.. and who believes that they
ought to be carried forward TO speedy comple-
tion.
Every man who desires that the price OF trans.
nortston on the Canals should be reduced one-halt,
as II will be when the Enlargement of the Erie
Canal is completed
Every man who is opposed the odious and
unnecessary TAX LAW passed by the Loco-t oeo
Legislature of this State, and in short,
Every man who has at heart the best interests
of his COUNTY. and who desires to see The People
once more prosperous and happy, SHOULD VOTE
ur Wu,c TIcKrT. Seneca Courier.
"THE GREAT MEASURE OF TIE SESSION. =
The imposition of a DIRECT TAX was @ the
great measure of the Loco-Foco Legislature
What has been the fruits of this great measure
The Argus ans that it raised the Irce OF STATE
Stocks. Granted And who has that benefited
The Capitalist, the Banker and the Broker, who
have been enabled TO sell State Stocks tor more
money than they paid for them
Now look al the other side OF the question lhe
srea, measure of the Session" by stopping the
Public Works, has reduced the aafns ot frefg
thing but State Stocks And who does this IN
lure? The Laborer. who has been thrown out OF
employment. The Mechanie, whose ordinary ou-
siness stands still. The Farmer, whose crops
must be sold at half their value or remain on ms
hands. The Merchant, whose facilities have been
! cut off In word, while State Stocks have gone
up, for the benefit of those who have ceased to la
bor, and live on their income every thing else has
gone down. And it now behooves those whe are
the victims of this destructive policy to unite and
put down the Architects Of all this Ruin
| - In,rrnal