Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-11-19
G l. A S G w WEEKLY TINES

man from Jackson, (Reid) and by every
gentleman, that this bill will afford tempo.
rary relief. Grant the proposition that il
may be SO, but believe that after this tenn
porary relief is granted to these few indi-
viduals, that when il comes upon us again,
it will come like an avalanche and sweep
away every thing before it. Do you see the
physician, when he seeks his patient, at
tempt to bring that patient TO his feet by
giving him stimulants, sir, without attempt
ing TO eradicate the disease?
What is our diseasep Have gentlemen
pointed out the mode BY which il is to be
eradicated? They say we will experience
temporary relief. How do they come to that
conclusionP On the other evening heard
four gentlemen rise and every one gave a
different reason for the crisis now upon us,
and how this legislation would have good
effect upon the people, and yet these gentle
men all came 10 the same conclusion.
Now, Mr.. Speaker, with regard to the
constitutionality of this matter. Suppose,
sir, as the present law now exists, give
my note to any gentleman upon this floor for
thousand dollars, When that note becomes
due, the law says if it is not paid he shall
collect interest upon it. Now, when these
individuals who hold $1,000 against the
Bank OF Missouri, or the other banks, pre-
sent their bill 10 the Bank of the State or
other Banks, and they refuse to pay it, most
assuredly they are entitled to interest up
on that note. But gentlemen tell US that
this has no operation hut TO those that take
their paper hereafter. Why, if have
81 900 against the State OF Missouri Bank,
and | present that 81 900 in accordance
with law; if transmit it 10 any individual,
those who subsequently hold that paper,
stand in the same situation as do, all the
time, and have vested right in regard to
it, and they attain TO my right. But, sir, the
gentleman from Davess, (MoFerren) the
other evening said that he thought that the
letter Of the law was against the constitu-
tionality, yet he thought that the times were
such that we should pass this bill anyway
put the proposition to the gentleman, if
this had been before the people, if there
would have been man in his county that
would have voted for it? can answer for
my county, and do not believe one individ-
ual would have said in the county of Buc-
hanan that they would have voted for this
bill.
Mr.. McFERREN. desire to be correct
| ly understood as to the constitutionalityS of
this bill. | said that the bill was, in nv
opinion, within the letter of the Constits-
ton, and certainly within its spirit. That
is the position l occupy in regard to the
constitutionality of this bill.
Mr.. DAVIS continued. Well, Mr.. Speak
er, it was urged here last winter. when the
Bank bill was under consideration-Iw would
remark that voted for the present Bank
'aw-l did it, not like my friend from Put
nam, (McGhee) not because was an en-
thusiastic advocate Of the bill, but | did it
because l believed the people wanted me to
vote for it. 1t was urged here, as an argu-
ment on this floor, at that time, that this
bill ought to go through to drive the curren-
cy from the country. Now gentlemen turn
right round and argue that we should vote
to legalize and establish a spurious currency
in the country, because think that there is
not gentleman on the floor but will saw
that the Banks Of Illinois are not based up
on better basis now than the Banks of the
State of Missouri. These gentlemen tell
us that the Bank of Missouri is geod-that
there is no difference about that-yet thew
tell us that there is scarcely dollar in her
vaults.
can see no reason why we should pass
stay laws here, and look upon it in that
light. Banks who, in time of prosperity,
receive all the benefit, but when you come
to turn the tables upon them, il they must
have money as other individuals, then they
tell us it is best for the community.
can see no reason why these corporations
should have rights over individuals. None
in the world, sir. When give my note to
an individual, and it falls due, have to 20
out and get the money, cost me what it will;
and sometimes | have got to go and borrow
money at the rate of from five to ten per
cent. month TO pay my debt. Iwant these
Banks to do the same, and can see no right
in Gods world that it should not be so.
For these reasons expect TO vote against
the original bill. The substitute, sir, have
not fully examined. As regards the consti-
tutionality, would rather have it than the
original bill, but l want no legislation upon
this matter at all. think it right that il
should stand where it is, and il legislation is
needed, / think it should be submitted to the
people at large.
DECLINE IN SLAVES IN SOUTH Caro-.
MsA.-The South Carolinan has the fol-
lowing statement showing the fall in the
price Of slaves.
"The negroes advertised in our papsy, Tor
sale on the Doth inst, by John M. G,SSsa|j
ett administrator, were sold as street. "a
notice, and at prices somewb< 'snat
that species Of property has lately beer
bringing, Likely boys, under age, ranged
from 1926 TO 5000. A few weeks ago, il