Bellefonte patriot. (Bellefonte, Pa.) 1818-1838, August 21, 1819, Image 1

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    RIT
eres rep L092 TEC RRR TR TAT g
’ g———
en
5 Vol If,
reba i rr
ne RS son ER
Cena 2 TIT fd
; COND IT © N NS. %
vice of thi pire is twa doll
s per num-sb nt { aid }
A008; tWO dollars only willbe
*» il
is
EEO
PLES E
ments making po more in
breadih, willbe inserts eq three
B o doi ; and for every subse-
CORARnG Any Aive © conts ~—
Lh greater ‘ength in propartion.—
'e OF fig ape wok denble those rates.
3567 1 pion witkbe receiyed for jess
ie ‘Year 3 not aby papaL discontinu
{all 1s anteerApem EIS py
bygriver does wat Fequ
: ery at the ©
th taen
ak 13
£) Pr
3
est adis
ad of the
“oat }
mic afjiand the paper farwarded
by. ow
RCCO!L ding:
car;
Sah
LO pos
FShhentit eds who he
vivd By the i abl
tage. a Re Tw
£0 145 {tors Are ; tw 1 e Edit WIT I
Tose !
pl TTT Daas
From Niss Register.
« Bell, ali no
‘eekly
Book and candle shal ¢ drive me
hroks me 10 come on
) a? > NR
hakespeare’s K. John.
e, and" religve
\ currency of pncertain
to furnish them with a paper medi.
¢ well known to ally and nesotia-
no
Av
b
protest them against Zegal and Hllegal coun
tarfeit vs of money thatthe hank of the U
It never. could
By cffocted,
gs s Far th +
subscribing for the stock
such monoply of the shares, by means fong | |
nee oxposediy in the Regis iter, that they 1,
put up or put down whomsioever they |
would. Paper did the business for them
and soaring in the aipthey looked upon the
litile world heneath
more wiss, in their own conceit than Av-
chimeades, they thought thay had secure
it. Wit}
® to move
a place to stand upon
many of them it was aut Cesar,
nth : : . y }
—a' barron ona beggar, on the
» # #*
cast of
»* » *
die.
When the bank of the U. States start
ed, discounts were ‘granted to
hat
{tha
almost al
asked for them-—1,000,000
500,000
of thansands until the amount came
to the one and twa thousands which
productive people were enticed to how
Glin
x
xP
TR x
TW. \V hy
" thirty’s and hifiy thousands } Bank
9
vox IW +1] AR fay SY
couid pot be Sign and con
ed fast enough ;
ca yuna horad 14 i
38 was bored to permit the bank to em
fwanty men for ¥
the
without some such
mand for their currency !
sthey wanted nothing he
ut the mea
siening of nites, to. pive
ol
the
people
TALS § , * XY }
wiesomea mediam ! But the: hey-
in
bi
of
ty > a +3 1 .
tieatimes the bank scemsito have f
gntten ®iat It was possihlasthat
t ba demandad for thes :
>.
theo Is “a
o3fito. con
vob diminish]
ants TH
tLe. Le
= sins Co.
om dtm i any wi hi ich ou banc
he
i he + denexdared as a new engage:
li without loss ;—in short to
El
with contempt—fo:
ant null
*
to one|
to #dnother, aiid so on, by hundreds
down
3
{soher
yivery boys had their twenty’s:
bills
ITNORE mee
relief
L107 -
paymen’
AY rE NIA =
ugust 2 1; 1 819. No. 15:
1
had, were fi Yq re-
morseless jv thrown out to the ruin of ma
2 : a pai by Netw o fF + VR
ay good men and great distress of others.
SL they accommodated themselves, that
e stock ‘at high
their
™7
isp 0S
not, compe | its exposure ingthe
i. fi the f mous stock notes, &c-
at this {ime
they: might d of
prices,
market,
A real anecdote that oscamged 4
may elucidate the then prevailing policy
of the bank-managers : a notoriolis specu
{ator having slipped hmselt out of his stock
iis highest price, was
when. it was at
asked, why he did not retain some of his
the belief that they would be
higher—«s Higher I” said he with a look of
shares in
amazement and an oath, « if you knew what
work we had to ‘get it as high as it is,
dod
you wo ull 7 never think of its, getting higher r
| (ndeed it was
Well, congress atiast, took up the bu-
a condernable Work: :
siness, and the? committed maue a report
of factslong before supposed to exist. As],
many of the niembers yoted in their own
cause, and as the committee really could
not see what was best to be done in the}
case; the hank seemed to triumph in the
house, and the indefatigable chairman of
the committes,
abused for: his Hh saspicionsy fe. Set
i
{ the extra reat -five di which was
granted to the favored few, and other losses
for the present year, are estimated at three
We think that we
very moderately. A reasonable
dividend, of course, cannot be expected for
’
millions of dollars.
speak
!
1
vears;
8
of 1.5
{000 dollars more, are expending on heaps
for besides these losses, the bonus
00,000 is to be paid, and about 1,500,
of brick andsstone, for banking: houses!
How
itl they who have caused these
1
i
things account to the widow and the orphan,
/l be a fearful reckoning.
state banks—=carrying a degree of distress
inta all c
lasses of the community never be-
The bank
o felt in the United States.
‘or
+311
S will
ind its office
own notes—-not even give small notes for
one ofa erecater denomination!
It pays
anlviin.the hills of the local
ste: well knowing that it can immediately
3
caain the latter by drawing on the stat:
Q
=
4
thanks. The general de
»ir notes out, and give th
il
to clrciiate at
Hs own notes
-% to the people the very thing,
al thine, caused
The
thatthe cn
ged pov
rated!
Es Pe — bo TE TTT
{the writer of this article was compelled on
liudee the
judy
f
Mr. Spencery) was much y
Spb
nap a ys
Tih carly 5
TTT ERR ATT aa -
TREE TI
et her Se a SS
F wn wo
«
0
Nw Fingal x 3
was established GH hey agree among then maetves,
that the bank+sfa/ lend to each of them
the moderate sum of $200,000, a3 a pers
manent accommodation for twelve months,
in notes of different sizes, and of many old
dnd respectable Banks inhis pocket-books
Satugday last to borrow marke Well, the amount being passed to their
credit, a, peremptory
he officers of the bank and its offices,
ey should not issue any more of theiy
awn: notes. Within two
becomes scarce with those accustomed to
L-MONKY +
Dealing as we do, with persons in every they issue or-
«ate of the Union, no ont is better able to
x
condition of the currency than
we are, and we feel that it is worse now months, money
with us than it ever was. ‘The votes of
nearly. all the state banks are at a discount,
except at the places from which they are
issued, unless through the agency of those
very useful fungi of the % paper system,”
called brokers! Baltiggere notes possibly.
are at a_discount, for instance, in North
Carolina, South Carolina or" Georgia—bnt
we cannot sell the paper of the banks of}
tCiosg tates Regge, ewcept at a discount DL
from » to fifteen per-cent oer Vr
have a sufficiency ofit—=forall the pradent
state banks are justly alarmed and know
not what to do, except to ot in their debts
as rapidly as they can; ‘and i in two months
more, every species of property hasta di-
minished nom inal va ue, compared with
what it was, of 33 1-31 cent. and J ATV ~
en bir rr ats
Bin
0 speculate 1 in; and ot-
are received on deposit in the branches ofl ti
the bank of the United States located thére-
ny and pre about the streets. The state banks anxious
at home ! —These banks, too, are pulling, rorriave lost time and make a good diye
in their accommodations as fast as they idend, do the same thing, and mone
sal th snugy they discount freely
and gem almost to throw their bank notes
¢ very scarce and very valuable
hos
can, to mcct the demands of the offices, |comes instantly plenty. Property speedily
{which take nothing but specie ; for their assumes a price beyond what it ad before
es may be said to have ceased to be| its fall 5 the house or piece of land which
ap ttle month” ago for £1000,
{the roo of every bank is a peigh- ued at 1500—and the gerilemen-speculas
of b: ankrup s, positive or anticipated. (tors then sell
IE for all this is, that the Unit-| .
3 { 2
5 is about to use 600,000 of our|
wna
Ve
"Misery abounds, a0 goa “al
13
2
15
offering to purchasers,’
istance fr om the bank, if dtl i to mak
At the end
200,000 dollars may be re-
52 lag godt bargain for themss
money deposited 1 in the bank of the United! ‘of theiyear, the Bb
Ives !
States, to'pay a certain part of the nz Hoge turned to the bak, and the mahagers in,
debt. yhat ought suca a sum ast us 10 {the scheme realize from 50 to 100,000 dol
: ?: the bank of the United States that verfiple.
oh Few, if any, ‘appreciated to
: bita able evidenie, that25 men at Philadel- {proceedings of the bank of the
: | their own will and discretion.
jof the government deposits, they command
A to a RT Tor fe failtions canital;, and 2
ilfions perhaps, ot steady Ene, if it)
20 1drs each ; which they may |
pletely to rob the people’ of, as if, will
gasonably well—il alni istol in hand, they took the money from
: ?
isted in it ? travellers on the highway. the
& now sec what a power belongs tof Hast should be considered the honotas
Indeed
3
ast
18 most
tl
L
he extent to!» # * eo % P » 8
‘which it is now carried. We have indus| What is the secret motive ofthe present
Xr
wii
ited
phia can make woney | scaice or plenty, at States, is not yet clear to us.
It is poss
By the ad ple, it may grow out of its necessities, from
the losses and difficulties which it we en-
the whole specie in the country if they | ountered; but this is certain that, Ins TEAS
please to retire thei
bid the local ban s
power that should "be trusted only to angels | STATE OF THINGS
—it is a secret and almost irresponsible toicaxNoT BE PERMITTED TO ENDURE, IF WB
any one, except by a withdrawing of 0 HELP IT.
» own bills, and 50 for-log EQUALIZING THE EXCHANGE, IT HAS
p discount. Here is ajpysorpERED IT, MOST SEV ERELY ; AND
THAT THE PRESENT
| Ye feopile cannot bear
public deposits ; and such an act, as things sucha rapid retirement of the representa;
difficulties. {rion of money, as the proceeding of the bank
now are, is encompassed with
it 1s thus that the people furnish ¢ a ead {of ihe United States COMM
|
A ND
Ni) S.
——— TR
gel to break their own heads with,” and
R Eurofican Libraries.~~'There are thirty
elevate a body of inquisitors to the rank of]
i millions of vols: of prin
ted works, in: the
whose living have been made to depend on who may by things & without a name, {".
the ? exported dividends of the bank? It) creal ures of
The effect of}
the latter will be the ruin of many of the|co: UMAND OVER THE NATION,
value of every acre of land, and of
- - :
notnow issue any of its
banks or in spe-| fel
bo
re of banks 18 th"
ema wide]
Jation t+ the bank of the United State< | 2#
Granting to thirteen petsons §|
princes. .
,»{ public libraries of Germany, besides the
trich and splendid libraries of private indi-
yesterday, unknown. to the ares oO... privalec ind
{ viduals.
clude
This mass of literature does
3
people of despised by them, an IMMENSE : 7
cade
the academical dissertations, de
MSS.
ce, the total number of vols amour
287 ;
bef Paris alone.
by fixing the I : Bg
ih 72 ached memoiis, pamphlets, or In
OLE
i ran
ari
; . A ; it to
sfecies of profreriy, from the lowest ficint 3
hier
’
)
45
; 7 5, of whic
ir shall become ours, t which t
Vie
Us These po
Voods. ‘This assertion may]
ies; and of course, exclusive of ilnincnse
f valuable works, wi
avagant—but
ch are to
el igs
collections o i
!
if
it
AN
{y
5
o
-
¢ found in the cabinets of privat
4 States
very busimes.
1
{ inary
2 fu
T1 t
Unite
4
Georgetown (5. July,
i
C)
ea ful hunting. ~"F'wenty men o
Sco 2s fe
bap-
b{ indio I ronry a ar PIA LT born
vic mdy Green 5 company of militia, wha
eich foie
Vag. 4 Alot
el
¥s 3 rer c
J2orLood
i5
sod
anc
b
8
Eighteen Thousand
or Lotte met }ast week cotni
stant 3 rn dre A at
eight hundred and
Ca
wl alrapwlint
1G RiLCT wila
any
A at AA Ra dirs
d at Fhuadciph 14
7 {onety- eigl
ternlne Iinrliidir 1 +
at scaips, inciuaing those «
uppose — wolves, wild cats, Ia
&ec,
CCaons,
1
co
me jority ef the boar on
g
foxes, all ligator Sy lich aunog
t time,
19 Sry or ’ & - 4
13 meny resoive lo get, or u £