Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1853-02-24

happens it that you never told us all this
till after Page and Bacon had announced
their more favorable terms in regard TO
currency and exchange? How did it hap
pen that your eyes were sealed as close as
blind puppies to the evils of shin plaster
circulation for some four years, and up TO
the very time when Page s. Bacon cut
down the profits of the shaving business in
St. Louis?
From the Chicago Daily advertiser.
ST. LOUIS CURRENCY AND BANKERS.
There appears TO be fierce warfare
waging by the St. Louis Republican, against
some of the wealthiest and most extensive
Bankers in that city. Its missiles seem TO
be most particularly directed against the
well known house Of PAGE & BACON, whose
credit is undoubted throughout the whole
Northwest.
That paper which has maintained high
a reputation as conservative journal, is the
last that we should have suspected Of de-
scending 10 enter crusade against firm
so infinitely out of the reach Of harm, from
the malicious attacks of even the combined
press of the West.
What good could it do any one, 10 impair
the credit of such bankers as PAGE & BA
CON, CLARK s. Bios, Lucas & SIMoNDs,
and CHoUTEAu s. BENoIsT? to drive from
circulation currency, which for all the
purposes of trade and exchange, is fully
is fully equal TO so much gold coin
brought there by them 10 loan TO bu-
sness men in the vicinity? Cuitono 2
it is asked. And it may be also asked,
wculd it not be an injury 10 large number
Of ofenterprising men in ST. Louis, and dam
age TO the whole city were it IN the power OF
the Rfpublica" 10 triumph in the malcious $
warfare which it has entered upon, and
throw once more the monopoly Of banking in
to the Bank Of Missouri?
Is this the object of the Republican! and
at a time too that so much talent, enterprise
and energy in that city, are all directed TO
opening costly avenues TO the riches of that
State-to the unfolding Of It's vast resour-
ces, and in the development OF the wealth
which lies upon the face, and is buried in
the bowels Of its mountains? At time
when all lis pecuniary means should be con-
cenrated, combined and augmented, TO the
ultimation which prudence will Justify
and handled with all the activity that judi
cious and sagacious bankers can give 10
them?
The acknowledged ability of the RepuJli-
can renders the motive Of this attack SO pal
pable, that the damage intended for the
bankers will fall upon its own head,
Nothing could be more fatal 10 the inter-
est of a city than to cripple any Of the re-
sources of lis bankers of known capital and
sagacity, or 10 impair their facilities 10 ac-
commodate laudable enterprise.
The magnificent projects in contempla-
tion in St. Louis ofopening and working the
mines of the State, and constructing rail-
roads to them, will require the best efforts Of
all the financial skill and intellectual power
in that city; but when they are once in sue
cesstul operation, the wealth is incomputa-
bic which will flow into the city and spread
to every part OF the West, like the waves
that are set in motion by throwing a stone
into pool of water.
The editor who would use the power which
the control of a public press-with an ac-
knOwledged influence, and large circulation
coniers, to embarrass such institutions, can.
not but be deemed an enemy TO the public
prosperity.
1t is to be regretted that any editor vii
descend 10 the pitiful business of confusing
or distracting the financial operations II
which the public has vital interest and ol
which many Of the most important public
enterprises depend for their success.
No one, however, supposes that the Re
publican, with all its supposed influence anc
iancled power, can do more than blow up
bubble out of this affair which will explode
itself the instant it gets ahoat in the air.
1.-THE press, or any portion Of it, after Sc
curing any considerable influence to injur
large and useful institutions, or enterprise
in their vicinity, uses it tograiiiy persona
. grudge, it becomes a curse rather than wha
it should be, blessing.
1t is matter of astonishment everywhere
that there is not sufficient intelligence an
public spirit in the West, to organize an
G establish permanent and sound banking
r system, in each of the Northwestern States
They are mutually interested in each 9th
ers' prosperity, and each is more or less dc
pendent upon the other for legislative cour
tesy and liberaliy.
= Good aud liheral mari ets opd aasy ,ooDe