Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-11-12

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cessary, and something which cannot be dis
pensed with. | say that in civilized State
or community, in the condition Of the State
Of Missouri, and all the United states, and
of the civilized world, money is an essen
tial thing and we cannot get along without
ii. Ihear people say that you cannot feed
yourself on money, or clothe yourself with
money,bui Isay stillthat money is just as es-
sential To civilized community as these 9TH
er things are necessary. A little reflection
will show that this is so. How can you get
thatwith which to clothe yourself,or where
on you shall sleep, coat for your back or a
roof 10 cover your head, unless you have
money, actual and substantial money. The
exchange Of commodities cannot now serve
the purpose Of trade The miller will have
-four the shoemaker boots, the tailor will
have, clothes, and the various merchants
will have the various articles in which they
may choose TO deal, but, they cannot go
round and exchange them one with the 9TH
err The miller may not want boots every
time the bootmaker wants flour, and the
bootmaker may not want flour when the
miller wants boots, and thus they will net
be able to make such exchanges, and the
only way in which they can get along is 10
agree upon some medium which shall repre-
sent the value of all these articles. That is
so with reference not only 10 States, but
with reference with States and the world.
Now this money then has certain and fix
ed value, and it does not diminish or alter
within any short period. 1t has value,
and it is valuable because it will always Sc
secure property. Now, whenever you at
tempt 10 use as money something which is
not money, you must be very careful that
you substitute something as good as the mon
;ey. We have attempted TO substitute bank
paper in place of this really valuable valid
money, which circulates not only in Mis-
souri,, but in Illinois and throughout the
Union, and in all quarters Of the civilized
world. We have all attempted it, and it is
dangerous experiment, and now we are
called upon still further to change this arti.
Gle; we are called upon now 10 do what? 1:
it not to give value 10 it? Is it not to make
by your own breath here something thai
shall be substitute for ii? Are we moi
asked here not only 10 do as we did last
winter, but to go step beyond that? No
10 create bank paper which will circulate
in place Of money, but TO create something
that shall be promises TO give money OF {
future timer -+
Now, let the representatives of the PEG
pie here assembled be cautious and consid
orwell what they are doing. 1t bad G.
nough 10 pass laws which shall dispense
with real money, but is it not more, ant
very much more, dangerous for us to say
that there shall be no more money required
among dealers to-day, but instead thereof
substitute, there shall be promise to pay
money at distant day. ...
What is the effect of this kind Of legis
laiionp II we use this substitute for mon
SFey-if we use this paper in place Of gold
what is the use Of money itself? Ii ther'
il then no further use for it in the State o
Missouri how shall we keep it? Does no
every man know that it will not stay her,
III, there is substitute for tiff it is dis
placed by something elseP And we ar,
called upon to make and substitute some
4 thing to take the place Of it, What is tina
thing we are called upon TO substitute il
the place Of money? 1t is the notes of ,hes
banks which were created by us few
months ago for the purpose Of being abl
always to furnish money and which to.da,
these banks declare they are unable to re
deem. Is this safe legislation for us to en-
ter upon at this day? To me it seems tina
il is not. As question of mere policy
then, cannot help being impelled TO tn,
conclusion, in addition TO my objection o,
the ground of want OF basis to object to THU
bill. II seems to me that it is unsafe, un
wise and dangerous for us to pass a Law
which shall discard money from all the bus
mess transactions Of men. We know yer,
well that money is property, and the sam,
as property, whether property in the shap,
Of lands or Of houses or factories, or in an,
other valuable shape, because certain a
mount of it, more or less, can always b.
converted into that kind Of property. w,
must recollect then that this thing none,
which by mere breath of this body we ar
now asked 10 legislate into existence, il
something that it is not in the power of an,
individual, in any other body, to create.
ask this body if they can create propert,
by going into another place, or by resolution
passed in an informal meeting? Can the,
do it? Every man will acknowledge tina
it is not in the power Of this body to Great
property, and what is there that gives u
here, by our mere breath and voice, l.
bring property into exictence? We can
not do it, ard whatever attempt 10 Great
the representative Of property, that whicl
is always convertible into property unde
the name of money, let US look well int
the laws Of trade-let us look well into tn
nature of it-let US carry the thing 10 it
ultimate consequence. We all know tina
whenever people get into distress, that the,
want relief but | say that this Legislator
has not the power to grant universal relief
Can we make ourselves the representative
of the creditors of all the debtors in hi
State, and would not such relief as w
should afford by this bill, be the same a
this? Then, upon what grounds do the
come here to this body? They come her
with arguments that ii is difficult to resist
they come here with representations il
good faith, that the country is ruined if W
do not give il; but saw that we cannot