Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1861-02-14

litical difficulties being adjusted BY that time.
Mr.. HYEs-I hope the amendment will
be adopted. This, sir, Is the second sus-
pension we have had within the last few
years, and if the Senator from Scott will 60
to st. Louis, and sesithere 1ths difficulties
that men in business are laboring under on
account Of high premiums on Eastern ex-
change, he will come TO the conclusion that
the time mentioned by the amendment is
long enough for them to resume specie
payments. Sir, the people Of Missouri have
been swindled out Of millions and millions
of money by this banking system. The
gentleman has given us to understand that
We must depend upon the resource, of our
country for relief. / agree with him there.
NethiBg will relieve the people but manual
labor. This fictitious currency, which is
the curse Of Banks in this and other States,
never will relieve the people. When thi,
system was FIRST instituted they promised
that their paper should always be equiva-
lent to gold. At the last suspension they
said they never would bs found again TO
desire q similar relief. What was the
consequence We have had Bankable
Funds, which have been worse than any
currency we have ever been cursed with.
Sir. men who have borrowed capital with.
out anything TO rely on for repsying it. may
be relieved by this bill, but the labouring
class will not.
Mr.. THOMSON. n we intend to relieve
The country, I am opposed to the amend
ment. II we intend to relieve the country,
1t is our dutyto goto work fairIy, and if
that amendment is carried, it will defeat
the whole object OF the bill. The Bank
will not issue another dollar, but they will
all call in every dollar they have out, and
the effect will be ruinous. l have been
one of those who have Tough. the Banks for
the last forty years, bui I look upsn our
present evils as tnparalled in history. and
requiring extraordinary remedies. / am
one Of those that believe that the Banks are
swindling machines, but yet We are DO.
bound to go into them; and if we don, sub
nit to their evil, we may have to submit to
what is still worse. hope the amendment
will be rejected.
MIR. HYEa, in few remarks, replied to
Mr.. Thompson. That Senator had on for
mer occasions always opposed the banking
system, and on occasions, too, when the
panic was worse than now. Then what
had come svsr the spirit of his dreams, that
he should now take different posilion?-
Was 1t because he had lately become q
stockholder in one Of the banks and was
resping large profits from the distress Of
his fsllsw.eitizens? He felt convinced that
IL there had been no expansion in the
worthless currency all the failures in crops
would have never thrown the people into
debt.
The President then put the question on
he amendment and 1t was rejected.
Mr.. JONES moved TO amend by striking
'ut all that part Of the first section, which
refers to the Governor having power TO
grant further extension Of time.
Mr.. PARsoNs though. it might be proper
. change the amendment by striking out all
he portion Of the section referred to and IN
leu thereof say: unless there should be
hostile division or civil war. He did not
know but what il might Be in the interest
If banks to create political troubles, which
was the term used in the section, IN case
hey should want a further extension Of
ims. He could expect almost anything Of
that had SO little soul in them
as the banks; but they would not be apt to
create civil war. He, was, however,
upon the whole, in favor CT the amendment.
Mr.. WILSON advocated the adoption Of
he amendment. So far as political trou.
,les were concerned, he supposed we
hould never be oui Of them, but it would
'e just about as easy for the Senator from
Cole to get up an invasion or . civil war
IS it would be for the Banks TO stir up po-
itieal trouble.
The question was ihersupon put on the
Of Mr.. Jones, which resulted
q its adoption. The Clerk read the second
ection.
Mr.. CHuRcHILL moved to amend as fol.
ows: Amend section tive BY adding "said
3anks may reosive the notes Of ipeeie-pay.
ng Banks Of other States, but shall NOT BE-
llowed. directly or indirectly, to pay out
aid notes in this State" ,sshould any Bank |
'sy out the notes of the Bsnks of ether |
;latss, within this State, their charters
hall be thereby forfeited
Mr. CHuRoHILL said: My reason for
dering the amendment is this: at the pres.