Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-11-05
The National Caucus.

'' The National Caucus.
The Jefferson correspondent of the Re-
publican gives the following account of the
National caucus:-
Mr.. RICHARDSON, Senator from Scotland
county, presided, and Mr.. Blakey, Repre-
sentative from Benton county, acted as Sec-
rotary.
As part of the history of last nights
proceeding, subjoin summary of some Of
the resolutions, which were presented 10
the meeting, but upon none of which vote
was taken.
There were three resolutions presented
TO the consideration OF the meeting, which
came up in the following order:
BY Mr.. HENDERsoN, of Pike:
"ReSolved, That, in the opinion of the
members present, it would be prudent and
proper on the part of the Legislature, in
view of the general suspension oil the Banks
of the Union, the stringency of the money
market and the universal demand for coin,
producing inevitably Temporary suspen-
sion OF the Banks of Missouri, to relieve
our Banks for reasonable time from the
penalty provided in the present charter, by
extending the period Of time for the resump-
ton of specie payments. But in no event
shall said Banks, during the period Of sus-
pension, be authorized to issue any more
paper"
Mr.. HARRIsoN of Cooper, offered the
following resolution:
''RcSolred, That the members Of the Gen.
eral Assembly present, are not to be con.
sidered as committed to the support of any
resolution passed upon, or 10 the support
of any line of policy, which may be indica-
ted on the present occasion, but that each
member shall be considered at liberty to
vote as he pleases, upon the different pro
positions that may be offered In the tive
Houses"
Mr.. MoRrN offered the following:
"Resotved, That this meeting adhere &c
the position taken by former meeting, or
the subject Of the Banks of the State"
These resolutions, as before stated, were
not acted upon, but were referred TO spe
cial committee, consisting of Messrs. RrcH
ARDsoN, HENDERsoN, MoRIN, HALIBUR
TON, GRAVES and KENNETr, who are t.
report to another meeting, to be held mex
Thursday night.
The following is an abstract Of the re
marks made upon the occasions:
MIR. HENDERsoN, explained that the res
oluton embraced but ore point, and tina
question must be speedily settled-whether
after an honest management Of the Banks
and an earnest effort TO sustain themsel
against the unexampled pressure Of tn
times, we would abandon the system inaug
urated at the last session, suffer the Bank
to pass into the hands Of trustees, or affor,
them such relief as will at the present tim
relieve them and the country, and in III
future test the policy of the measure.
His object was to ascertain the senti
ments of members. His own views wer
fixed upon the subject; believing, as he die
that the duty Of the Representative was, t
meet with fairness all questions tina, migl
be presented, affecting SO vitality the wei
fare of community.
! The condition Of affairs was unforeseen
and, therefore, unprovided for. Confidenc
was lost between man and his fellow ma,
from an apparently high degree of prosper
) ity, and extravagant trading, sudden re
vulsion has come. Pennsylvania, Ne,
York, Massachusetts, and part of Louis
/ ana, indeed the whole North and Soutl
| have yielded to the storm, and for a mont
Missouri has been as besieged camp.
Z Collections made for us have been pal
/ in paper or not paid at all, whilst colle'
; tons made by us for others, have been pal
in coin.
The discount and exchange lines of oil
! Banks could not be collected, cannot |
T converted into COIN whilst their entire eli
5 culation has been sent to the counter for n
. demption.
/. In this state of things, the Legislature ca
; do something, and that something should
speedily done.
3 Senator MoRlN said the Democratic par
t was not responsible for the present state
r things, and as party, should take no actio
Col. KENNETT was willing TO grant SON
d relief to the State Bank; but that must
e connected with some amendments 10 Il
4 charter.
Mr.. HALIBuRroN, and others, took Il
h same view.
d Mr.. PERRY was opposed to the Banks
the party was opposed to Banks-and Il
e g Democracy being not responsible for ther
!. he was opposed 10 becoming responsible f
: their relief.
e Mr.. HrNDERsos replied that he intr
duced the resolution TO elicit tile views
IS members on question Of great importanc
n and not for the purpose OF binding them ,
:, any course Of action, or holding them, in Il
n future, to action corresponding with Il
e views expressed. That as 10 the respons
y bility of the banking system ofthe State,
was willing TO excuse every member pre-
. ent, il he so desired it, and would fur,h
give him The privilege to saddle that re
possibility upon him. He was not frigh