Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-05-19
RUN ON THE BANKS.

AHeie 'eehi' W oe d setueo determination on TIT
part OF certain parties to get up Bank excitement
What good is to be effected by it, we cannot see
but we are inclined to the belief that no good,
injury, will result, and this is what is desired.
1t may vet turn out that the old Bank. which i.
half financial and half political, is at the bottom
The following article is from the Louis Evening
Netrs, Of the 9TH
"Ihe following "sensationn item appeared
prominently, in yesterdays and to-day's Republi-
cdn:-
Special Dispdtch.
BooNvIL1E, May THE Bankers of ST. Louis
and the Savings Institutions are making runs on
the Branch Banks. They drew out of the Branch
at Brunswick twenty thousand dollars; the Branch
at Glasgow fifty thousand; and the Branch at Lex
lngton sixty thousand dollars-the WIN. H. Rus
sell having this booty on board, bound down to.
day."
There IS the smallest amount of truth in the
above dispatch. We learn from the State Sarings
association, who are credited with part of this
sum, that they have not sent out dollar for re.
dempion. The statement of the draw on the Bap,
at Lexington for 100000, We are assured by a
Banker, is wholly false. E. w. Clarke & Bro,
it is stated, drew $4,000 at Brunswick, and s15,-
600 probably at Glasgow, or some other point
We believe this ridiculously small matter is the
basis Of all the foolery Of the Republicans dis
patch.
If anything could shake confidence IN the Banks
or Missouri, it is such absurd notoriety as the
Republican gives to what every day transac tions
with all sound, specie paying Banks. The Banks
MlSc0nrI ara No tharh ,.rf IL
calls that are made on them for Specien
And this from the same paper of the 10th, which
happily illustrates the 'sKentucky Rule, urged
by the "Banner," printed under the shadow of a
Branch of the Bank above alluded to:
"The Republican justifes its telegraph "sensa-
sation" reports, about the drawing of coin from
the Branch Bank of Missouri, by saying that they
were literally true, and that 'sother heavy drafts
have been made on them, &C., &c. And with its
usual ill-breeding when speaking Of the Ners, it
says that our comments yesterday on the subject
were "falsehoods."
A Gfalsehood7 is a statement that is untrue,
made nth Intention to deceire We had as good au-
thority for our statements as Bank officers ever
get to be; and if they not correct It is not our
fault. But we believe them to be correct, and
that no such draws were made as the 'ssensation,
dispatches of the Republican" announced.
But suppose they ,cere made, what but harm to
the Banks and to the settled feelings of the com
munity, could come Of such startling and absurd
notoriety as the "Republican, gave them? What
is more calculated to create distrust and panic,
than to send these thrilling Geographic dispatches
through the land, whenever Missouri Bank paws
specie on her notes? Is there anything in so sim
pie transaction that it deserves to be heralded as
startling news? We thought that the Banks re-
deemed their notes as rule, and not as an except
ion-and that they claimed no exemption above
the humblest citizen of the State, in the necessity
of paying their obligations.
Let us suppose that James H. Lucas, Esq.,, has
given his note to mechanic for So 600, for SER
vices rendered. Very naturally, when the note is
due and the owner of it wants the money, he pre-
sents it, and it is paid, perhaps in hard cash. In
what does this transaction differ from Bank ia
king up the notes it has issued? But suppose the
following dispatch should be sent abroad by the
in regard to the matter:
"The mechanics and laborers are making run
on James H. Lucas. They demanded S. 600 to-
day, for work done, and got the money. The
man with this ''booty" in his pocket was seen
passing up Broadway market, and it is supposed
he bought some provisions there for his wife and
children to eat"
"To crown with a touch Of infamy, what is
here so manifestly absurd, we might add as fire.
quent documentary" original and selected, to be
found In the columns of the Republican on such a
subject, the following:
"The course Of the mechanics and laborers in
asking Mr.. Lucas to pay the notes which he has
issued 10 them indicates the renewal Of bad state
of feeling between the parties. "The boys in the
country" have great sympathy for Mr.. Lucas, and
they viii probably apply the Kentucky rule"
(rotten eggs and rocks, If the mechanics do not
desist from presenting their claims. The Legis-
ature meets again in November, and then gentle
men will learn that the State knotrs ho,D TO protect
her leading citizens," &C.. &C."