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

ole paying banks were changed 10 "s0i'
vent Banks" and he would furthermore iii-
sist on his restriction.
Mr.. CHuRcHILL. / wish TO say word
or two. The Senator from Andrew bases
his opposition to this aasnduent upsn very
extraordinary grounds. He carries us
back 10 the old Bank Of Illinois and says
that the old Bank Of Missouri when it con-
msncsd banking banked upon foreign cap
itsl. That is precisely what we wish to
avsid here. The old Bank instead Of issu.
ing its own notes, was guilty Of the ab.
surdity and folly Of going over to the State
sfIllinois and borrowing money and doing
the whole Of its business on IIiasis curren-
oy. We shall avoid everything of this kind
BY adopting the pending amendsment. 81
present the money of other States comes
into cur State and it stays here and becomes
current simply because we do not let eur
banks receive this currency. But give
them power to receive it and they will o.
sncs send it home and get exchange or gold
for it. Such courss will give us gold snd
silver here instead Of deprecated curren-
cy. Ifthis was new question, Mr.. Pres
ident, should agres with the Senator from
Dent, (Mr. Hyer) in looking upon it with
distrust, and perhaps should, like him,
imsgine all sorts of evil must come from it,
But I am convinced that taking things as
they are, we cannot adopt this amendment.
I am not willing however, 10 accept the a.
nendment Of solrent fer specie paying.
Mr.. HYrR replied in a few remarks. All
the arguments which has been adduced
could not convince him that the Banksw
other than shaving institutions. To the
unfair and oppressive dealing Of the Banks o
grea. deal Of cur present embarrassnents
was attributable. If the Banks kept strictly
up to their characters, all would be well;
but they did not, and never would. As for
the Banks receiving ths notes Of specie
paying Banks in other States, and getting
the gold for them. Senators must be aware
that specie paying Banks, will never pay ous
specie unless forced by law. s5ss a-
Mr.. Fox advocated the amendment. As
the law now stood, men who desire TO get
their currency cashed where wholly at the
mercy Of brokers, because the Banks were
prohibited from receiving it; but le. them
be allowed 10 receive it. aud it will be ca
sier to make exchange, while at the same
time gold and silver will become more a.
bundant. .. --.1 h7--.ls7 - 81 81.
Mr.. O'NEIL csuid not understand why
il the amendment held good TO notes Of five
dollars and over, it should not also hold
good Is notes Of less denomination. II
seemed 10 him, if it was proper 10 legalizs
the reception Of the banks Of bills over Eve
dollars, it was also proper to allow them to
receive smaller bills, unless, indeed the
smaller bills were intended to take the place
Of silver and gold as circulating medium.
Mr.. JoNrs. have noticed in the course
Of this debate that opposi.ioa;sts to the T.
nendment take the ground that bank nstes
Of other States must necessarily BE- prefer
red to the bank notes, Of our State. New
il this was q conceded point, shculd hold
that the argument had some force. 1 would
then no doub. be Inpoli,io to let the ourren-
cy of other States be superceded by the
currency Of our own State. But this is only
asupposabls case and cannot by any means
be taken as rule. Circumstances nsas
arise where our swn money j, worth less
than the money brought iats our State from
other States, but as general thing this is
not the case. ! think amendments will have
tshdstcy to increase the amount Of gold
and silver here in circulation: Iibink, too,
that the people Of Missouri, il they cannot
get gold and silver, will prefer their own
paper to the paper Of other Statss. a.-''-
Mr.. HAaDIs. I trust a vote viii not be
pressed on this amendneni ,hissevsn1ng.
cannot say that am as yet prepared
to vote on il. Imoys that the Senate ads
journ. 7" 'is5S - sa sa'a% s.1 e t'a
Motion agreed los and Senate adjourned.
.,ss.l : .,II = II -G-1 = z T-'sslsr rss1
new CEMENT.-Professo Edmund Da..
W lately read d paper to the Royal DuSlin,
Society, sh cement which he obtains by
melting together in an iron vessel two parts
(by weight) Of common pitch, with one
part Of guita percha.- 1t forms homogs.,
nsous asid, which is more manageable fof
msny useful purposes than gut,s perchs
alone, and which. after being poured into
'old water nay be easily wiped dry, and
Kept for use. The cement adherss With ths
greatest tsnacity to wood, stone, glass, per-
'slain, ivory, leather. parchmsss'
nsif, feathers, silk, woolen, coit
Twr,.xx NJ x.;v1 :. ess-t a