Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-02-10

another Objectionable feature i'm the BILL
! In the case of the Banks the Commissioner
only sued out writ Of "scire fac,ds" IRON
The Circuit Court, and the operations Of The
Bank went on; but here temporary 'njnnc-
lion is issued out against the Institutions,
The Sheriff locks mp The door, aud all the
operations OF the Institutions are stopped,
No ones gives security against the damages.
Such a proceeding might absolutely run 'he
institutions and they had no remedy. Such
power nugh, never 10 be trusted 10 any
man. II vas ,lnheard Of in the ANIMALS OF
our country. This provision made 1t bill
Of abclnihaiions, il was cruel and unpar-
allied proceeding. 0You shut up these insIi-
buttons. Their obligations mature, but they
can 10, collect their dues IN meet these OBJ
legations. Then you crush out the inier-
es,s Of 81. Louis. He Was willing 10 put
the Institutions under the same restrictions
as the Banks. II they are out Of line lei
the Commissioner sue out a scire facias, as
i'll the case oil the banks. Not one Of the
ST. Louis delegation was ever consulted
about this bill-lhose whose constituents
were most interested had never seen this
bill before il was introduced into the Sem
ale. Courtesy would have required that
they should Tie consulted. Who else were
so interested? He would ask the Senator
from Scotland, or Boone, or Jasper. if his
constituents were interested in these
Savings Institutions? He Eel. deeply upon
this question, ard could not help talking
with warmth. He wanted 10 vote for a
liberal bill, but with these prosecuting
Clauses in it, i! ought 10 be voted down.
He had spoken al SO mu'h length because
h, Tel; SO much on the subject. He had no
objection to outside influence. Bank Pres
dents, or any others, had n gut 10 come
here, snd he would listen TO them gladly.
He wou!d beg Senators to take into con
siders,on The points he had urged. He de-
sired 10 me,e out equal Justice TO all. He
hoped that the bill would lie SO amended that
ali could vote for ii.
Mr.. Richardson did no, believe anything
was 10 be gained by delay. He was willing
10 stay here until vote wac taken, and he
hoped the amendment would be voted down
Mr. Jones regarded the proposition q
very important one. Corporate rights were
i,n lived. He thought equal privileges
c,Isii: 10 be granted 10 both the Banks and
HE Savings Institutions. He had been op
pesed 10 so great an extent of banking
privileges, but he thought they ought 10 be
subjected 10 the same restrictions. Why
should one be proceeded agans, by scire
racias and the others by quo warran,o?-
Why this difference? 1t was not just
They oneh. all 10 be put on the same foot
ing. The object of the General Assembly
had been 10 give us a sure currency. But
he saw nniliing in the bill which required
The bank 10 give us this currency nothing
to suppress this Bankable Fund system
This is what The people want; we ought To-
legi>laie for the masses; the Banks have n
controlling Influence in the State; they will
expand, and when The day of revul>i"n
comes they will involve II. in rum; lie
would vote 10 put them al! on the same
iooling, and require Them ali 70 deal OH y in
specie currency; he therefore moved the
bill be referred 10 the Committee on Banks
and Corporations, with instructions 10 put
the Banks and the Savings Institutions I'M
der The same restrictions.
Mr. Churchill would ask the Senator
from Scotland If lie were opposed 10 putting
both under the same restriction.
Mr. Richardson thought the Banks were
already sufficiently restricted, but if any
thing further was wanted he was prepared
10 vV;e Tor il.
On motion, the Senate adjourned.