Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-02-05
From the Missouri Democrat.
Emancipation

tton Of SaneS avotced in The Legislature -
Speeches Of BrOwn and Clopcr!
We will merely premise by saying, for
the benefit Of our distant readers, that Mr.
Hughes was elected President of the Bank
Of the State of Missouri, and Mr.. Palm,
Director, and that Messrs. Brown and Clo-
yer are representatives from St. Louis.
PRESIDENT AT ST. LOUIS.
Mr.. PAnsoxs, Of Cole, (Dem. Rep.) l
nominate for President OF the Parent Bank,
Mr.. James M. Hughes.
Mr.. HOLMES, OF St. Louis, Amer. Sen
put in nomination Mr.. Joseph Charless.
In doing this, Mr., President, would
beg leave 10 state in advance, that am not
actuated so much by political consic erations,
as by those OF u higher and graver charac-
ter. The financial condition Of the whole
State is intimately connected with the judi
cious management of this Parent Bank of
St. Louis, the interests Of thousands of our
citizens are bound up with its solvency or
ruin, and these facts elevate the duties we
are TO perform this day, in choosing Pres
ident and Directors, above the common lev
ell of ordinary political tquabbles for place
and power. Ii is with pleasure, therefore,
that can, in renewing the nomination Of
Mr.. Charless, bear testimony 10 the quaif-
cations which he possesses for the Presi-
dcncy of the Bank Of the State of
Missouri. During the past two years in
which he has held that position, the Bank
has thriven wonderfully under his manage-
ment, the business wants Of the community
have been largely relieved, and /, but sheer
Justice 10 him to say, that he has conducted
the affairs Of the institution with an admira-
bic ability, and so far as / have learned
with impartsity. This much is due to the
directory which is just retiring.
To-day we have presented 10 us, howev-
er, novel spectacle, which promises no
such encomiums in the future. Printed
lists are handed around containing the Selec.
ted candidates for all the directories. The
work is all patterncd-the determination
tixed-and ii is evident that the Bank is 70
be handed over TO the Swiss. The party
which is now dominant in this General AS
semby, have fallen back in the old routine
and resolved to make this Bank OF Missouri,
not State institution, but mere political
machine. They have resurrected the eau
Gus system, land il is now in that underground
assembly, and not in this Hall, that all legis-
aion OIL this subject is passed upon. These
Representatives and Senators sit here mere.
ly to record the edicts of the nightly coun.
ell, and formally adopt what intrigue and
bargain and corruption have already fash
Toned out. ! am opposed TO all such proce
dure, and must denounce it as violation il
spirit Of those legislative and deliberativt
functions we are sent here 10 exercise.
From what l see before me, and from thu
name which is put in nomination in opposi
lion 10 Mr.. Charles, refer TO Mr.. Hughes
il is further evident that this political con
version Of the Banks is to be no half wa,
measure. Mr.. Hughes was at the head .
this institution several years ago, when i
n, was under the control Of the same part,
hito whose hands it has now fallen. Ii wa
aihcn that the prostitution Of the Bank T.
electioneering purposes had reached its eli
max, and it was also then, as many will re
member, that the credit OF the Bauk was a
The lowest ebb, while lis stock went beg
cling in che market far below par. 1t wa
then that the suspended debt OF the Banl
had accumulated 20 an enormous sum, and
large part Of the assets figured as the ote
and bills OF bankrupt politicians, and III
ofcasts Of party discipline. Now, howev
err, the statement Of the investigating com
mittee, which Is before us, presents anothe
state OF facts. The suspended debt ha
been secured as far as practicable --th
earnings OF the Bank have exhibiteda mos
satisfactory balance-the school fund is II
longer considered as in any manner jeopar
died il things shall continue as they are
and the proofs are manifest that the Ban
has confined itself 10 its legitimate spher
and attempted to exert no influence in poll
tics. But all this is 10 be changed il seems
and the line Of old precedent, of suspende
debts, of political intrigue, Of discredte
stocks is TO be returned to, and the bette
TO secure all this thu same management
is to be again placed at the head OF the con
Germ. In addition 10 all this see from tn
reported proceedings Of the caucus as pub
lished in the daily paper, that strange ap
pliances have been brought to bear in com
passing the present batch Of directors. |
one instance agentleman is selected b.caus
he represents the Leader inhuence-in an
other instance a director is chosen becaus
he is the representative Of the Republican
This | suppose is the pay in hand the thir
ty pieces Of silver for the support rendere
by that journal in the last August election
Again sir, find that another is chosen be
cause he is the son of distinguished traito
TO the Benton party, who has recently gon
over 10 the nullifiers regardless alike
written pledges and the instructions of II
people. A fourth it seemss has found f,
vor with the party in power, by his skill
vaccination and fear OF the small pox. II
fortunately had "scap" at the right tin
and has not only vacinated the antics: b.
what is more to the purpose sit took" al
the "Jlushtng Prlncipie,' has produced
bank directory. Land sharks and specu
tors in city contracts, also came in for
place, and so / might 60 on 10 specify oil
ers who have equal recommendations, TO Il
places they are selected 10 occupy. 1t
true there are one or two exceptions, b
Al L Al