Democratic banner., 1849-03-19

'ceeded to the second part of his argument
the impolicy and inexpediency Of such ar
amendment at this particular time. The
present charter Of the Bank of the State
of Missouri would not expire unit the
year 1857, which is eight years hence. The
amendment if passed does not propose tc
affect this bank or its branches, and conse-
quenily will be perfectly imperative for
the next eight years to come. He hoped
the advocate Of the move could readily see
the effect of action now-it is either to as
sert a belief of ours, an abstract PROPOSE
tion, or else it IS to impose an unnecessary
restriction upon those who are inhabitants
Of the State in the year 1857. The Consti-
tuition as it now stands, forever prevents
the c'artering of any more banks than are
in existence at present, and at the expira-
tion of the present charter, the Legislature
might refuse TO incorporate another, and
the whole evil thus eradicsted and removed.
He thought that action of this character at
the present session Of the Legislature alto
gether premature. He hoped the day would
soon come when all banking should cease
in the State, but there is always a proper
mode and a proper time for all things.
The feeling against banking is evidently
gazing strength rapidly, and mingling every
where with enlightened views and sound
policy. He feared that a proposition of
this character might again arouse, without
cause, those bitter prejudices and excited
feelings which had just past and been for
gotten, he hoped, forever. But if permit
ted to lie still for a short time the abun-
dance Of the precious metal, soon to be
poured into the lap Of our country from the
rich mines of California and other sources,
would be such as to convince every man
Of the utter inutility Of bank paper, and the
necessity Of establishing 9 permanent cur.
rency, which will not be subject to sudden
changes and fluctuations, and which will be
unattended with those elements of panic
and distress, which are inseparably con-
nected with the use Of bank paper.
He therefore thought the proposition at
this time inexpedient; and not calculated to
do good or evil prior to the year 1857 or
'5s; andif this, in the judgment Of the next
Legislature should be considered a proper
and Legitimate mode Of amendment, the de-
sired change could, in a few short months be
effected, and the advantages secured to
those more Immediately interested. Having
spoken of the many changes already made
by the Legislature at the present Session,
all of which had been made or rather pro-
posed according to the requirements of the
Constitution, and in a manner quite differ
ent from that in which the present amend
ment is proposed, he concluded by express
ing an opinion that the work of destruction
and change had been sufficiently INDUCED:
Believing the resolutions proposed in ut
ter violation Of the plain words and the
spirit of the Constitution, and at an improper
time, he should cast his vote for their re-
lection most freely and willingly.
HIGH AND DRY.-To the Cincinnati
Commercial is due the credit of the follow
ing story:
The popular steamer Albatross, Capt. C.
D. Robertson, arrived yesterday afternoon
from New Orleans. During the trip up
the Albatross had occasion 10 stop at the
mouth of Green river to put off two hogs
heads of sugar. She reached that point at
night no light to be seen-and the river
was at high i1ood-the tow at the mouth
being almost entirely inundated.
"Hallo! cried the Captain, "who keeps
this town."
"Hallo, yourself, and be id to you,"
sang a voice from the midst Of the dark
ness.
"Where's your wharf-boat? Show q
light-we've go! freight for you" cried
the captain.
"The wharf boats drifted of--there
amt no lights about-and you can't land
no freight" was the categorical reply.
"Strike a light" shouted the captain,
sand let us see to get in"
"show a light yourself, and let me see to
get out"
"Where are you," cried the captain.