AMERICAN TOIMTEEfc 1 CAR&SS.i.SS; T|um*r>Av, octorkr si, i»s»i - w - , «srfi2 , J aral.ff«?fc- ; v - - **Nnw-our fhg |s flung to the wild wind free, ( L«t It float o’er our *fi«iht j r l:in<l,- And the guard of its snntb’ns f.ime shall he, Cotunibi.iVfXbww band/'* - ron president ixVmo.- -MARTIN -VAN-BURE-Ny- ■■ AND A-N INDEPENDENT TREASURE. Ks-Presjden't JActrsorffc-RcpoTla wero rife on Saturday ans Sunday last, that this distinguished ndividual had expired suddenly at, lits residence noarNashville. The rumor readied Philadelphia on Triday—but as the old veteran attended the in auguration of Gov. Polk on the 14th inct., appar ently in as good'Tiealth as'usual, and as the Nash ville papers of the ICth.inst. contain no notice of. liifc v doath, it is to bo presumed that tho report in question is without foundation. Vve sincerely trust that tho aged patriot is .still alive, and that ho majryot |h'e many years to witness tho beneficial Aesulta flowing from-the great measures of reform which ho introduced during his eventful and-,glo ribus adrhinistration. Gen. William T, Rogers of ,Bucks county, is fcpbkcn of in several of our democratic exchanges# as tho candidate for Speaker of the Senate, now that tho democrats have a majority. Tucro is none more cap»Vlfv ami in Ural bod} than he, and we should be, pleased to »oq Cen. H, fill thc,® rtr h° situation ns Speaker, which he did at •chairman on the memorable night of the 4th of XFecombcr, when thc-rccroant Ppforcse, pale and trembling with fear, besought him to take the Chair and preserve order, whilst himself, .with hrs •onfederates in infamy, escaped through the back window, TllE'BAXKS—reform. It seems now to be conceded on ail hands that the present banking.system is rotten and corrupt, end that some radical and salutary reform is need- ed to protect tho community from-tho evils that necessarily grow out of it. This is a proposition which all at tho same time tho public mind is on the qui vivo as to remedy/. Alf agree in opinion that reform is,ncedcd. —but no two scarcely can bp found who sec eye to eye on ihe subject of a change in the fundamental princi- ples-of the complicated system. There is one point, however, upon which all arom to. unite— and that is, a personal liability on the part of the stockholders. As tho hanks'arc at present con ducted, there is litllo, if an}*, responsibility upon the holdbrs of stock for the solvency of the insti tution. A bank may break at any time, and those .-•\vho.aro eo unfortunate as to be in possession of its paper have no remedy whatever. Tho stock holders who have been reaping a-harvest off the public go scot-free, whilst the note holder may whistle for the money to which ho is justly enti tled. This is a serious evil, and can only be rem edied by altering Inn law so as to make the stock holders liable in their estates for all the debts of the bank, A salutary measure of this kind intro- ffuocd into the system Would have another "benofi- trial effect; It would prevent over-issues of pa-t 'per, and maintain a duo proportion between the specie in the vault and the notes in circulation.— This result would necessarily follow from the a bovc mentioned reform; for it is not to hi preaum od that tho stockholders- of a hank, who arc in nineteen eases out of twenty property holders; would endanger their individual estates by launch ing out into the boundless ocean of on irredeema ble paper circulation. No maniwill bring certain .and,inevitable ruin ppomhiniseffean'd his family if he can avoid it. situation note of the phjn6asy’ovety banjt in the commonwcaUh'ii4^lr J privato estates were bound for the redemption of the paper issued and circulated by .those institutions! 'Ev‘ory;inanf wo man and child in the community£eiup.-.answer the. question- .Well then, make liable, in the way above stated, and it requires'no stretch _ of thought to conpeivocjvhat wpnid be the effect. Instead i of flooding the country with paper to the amount ef ten, twenty or thirty limes the amount of specie in tficir. 'vaults- as in the ease at present, —theatoekholdcm-woUldrrestricr'ltfE'iSguca^d'nd would not permit more paper to go out thin what they would at any time be able to redeem; . This "is a legitimate Consequence which would follow Ihe contemplated reform. But there is another view of the" subject to bo taken,, in. which the result flowing from the con templated measure would be equally favorable ;. Make tho stbckholders personally and individual. Iy liable, and, you at once place the banks in a sit uation, te’ ensure the-unlimited confidence of-thif public. This is obvious and needs little afgu meat to bring it borne to the understanding of ev ■ cry than. If ■ the holder of a note knows that ho has every house and every aero of land belonging to the stockholders of the bank that issued it bound for its.rodemption, would he not rest satisfied that the hill.was worth just money as it pur ported on its face to pay—and-wouldnot the com munity, -generally, have the most implicit confi dence in an institution which had not only a spe cie basis for its paper circulation, but also flic en tire, property of ill] its stockholders bound for its redemption! Unquestionably this, would bo, the ; -case-rrmnd ,if thu plan- was adopted by our State lures In the chartering of "hanks, and if , they were prohibited from issuing notes under say- ten or twenty dollars, wo should hear no moro of expansionsrand contractions of the enr renry—-of suspensions and resumptions by the “ ■hanks—but business would go on smoothly; . the utmost confidence would prevail in the com tauhity,- monetary difficulties' would cease—and lilts barites as well as the people would be benefit led by sripb aetatoof things. This being our o pinion of tbo subject, we merely throw put the a bovo bints for the reflection of those who are more .competent than we are'' to judge of such matters. ■ Something must bo done’to roctlfy the, prevailing evil of the times. Whcro all. are cnneerncd,ail I> aT ? '* .Tißht W Speak—end availing ouraelyes of \ another measure in-agltation, whichVif T# camrid Into effect* will haro aw important-mflil .eliCC- hereafter in regulating tiio.currency—wceel fode'to tho INDEPENDENT TREASURY.— | JEitf rpongtew j«*»-this Will, j£ami we rcriiy We- ' :\T7‘” - In another column will bo found a communica tion on the subject of banking from a correspond ent who appears to have given some attention to the subject. What may be the merits of tho plan particularly recommended by him, wo arc unable to say; but as l -‘to speak his thoughts is every free man’s right” is a motto wo cherish, we have giv en a place to the production ofouf friend, although. we are pot prepared to adopt either of the projects he recommends. More Democratic Triumphs,— ‘The election held in Baltimore oh Tuesday week, for two mem bers of tho First Branch of tho City Council for each ward, resulted in the election of 14 Democrats and 10 Federalists; „ Mr. Thompson, the Democratic candidate, has been elected to tho Senate of Virginia, to supply the vacancy in tiiat body produced by thercsigna *on of a Federal member. -This will make, ac ceding to the Richmond Enquirer a majority cf six on to hit ballot, in favor of the Administration, and give*. j,hc death-blow to the prospects of trai; tor Rives. In tho Barn veil District, South Carolina, Mi* Butler (Dcm.) Ihs been elected to Congress, to supply the vacancy accasipned by tho Hon. Mr. Elmore.- The vote was very small, and’stood for Butler 1149—Jameson (Fed,) 220. Tho Ball won't stop rolling no how tho Whigs can fix it. ... rcturncd'from his mlsaion to RussinV ~Tle arrived at his residence in Phil^lphitf.onIThursday 1 Thursday last, accompanied by his family. TJ O met with a most cordial repeptitm from his friend* mid acquaintan ces. „ Many of tho federal newspapers, as also the banks, arc endeavoring to make it appear that the . redemption of last year was brought about too ear ly. The fallowing testimony, in a letter of Mr. Biddlc written at the time, ought to settle the qucsUoifon that point: ■ : “Philadelphia, May 51, 1838. “Mv Dear, Sins, In my letter of tho 7th,ult.T stated my belief that there .could bo no - safe nor permanent resumption of specie'payhfents by tSus hanks,until thn policy of. the-. Government towards them waa changed, - : c - • , • * * “The repeal of the Specie circular by Congress makes thatchangc*- I sec now} what until now-I had not.socri, the means' of restoring tho currency, “I rejoice very sincerely at the termination of this unhappy controversy, and ; shall cordially .co -operate with tho Government by promoting what the -l\anks, are, I am lure/nivsious to effect—an early resutnption of specie payments throughout tho Onion, ~ V- , The banks, accordingly, resumed in the month of August thereafter—and yet now-wp are told that the resumption was premature! . Out upon such vile hypocrisy., 0 Resolution on Banking. — The House of Rep resentatives of Vermont, lias before it resolutions, declaring it inexpedient to charter or rc-charlor. .Banking institutions, except on the following con ditions i, Ist. Private properly of Stockholders tohe hol den for the redemption of bills, 2d. The failure,or refusal of a.bank-to redeem its notes in gold and silver, to work a forfeiture'of its charter; amj-pn the occurrence of such an event, the Governor to make a proclamation'of the fact, bd.-On Too snspenaionof a bank', Commission ers to be appointed to take charge of its-offccts ahd wind up its affairs. -Uhl In case a person Rises through the failure of a bank, tho President and directors of such in stitution to bo liable to indictment for swindling; and if found guilty, to be punished by .imprison ment in the State Prison for from three to ton years. sth. All charters to be made under the control of future Legislatures; ■ —lf-some similar resolutions were passed by our Legislature at its, next session, they would go far to' prevent hereafter a suspension of specie pay ments by the banks of Pennsylvania. , The Protested Biles. —lt is now admitted by the advocatss of the Pennsylvania Bank of the U. S. themselves, says the Baltimore Republican; that its drafts upon its agents in Paris were protest ed in consequence of its having no assets in their hands, and not having even the bills hfj lading. fo r the 1 cotton wliloh it professed an to ship to them. It would have bcen’contraiy to all m'er cantile ruloj had they accepted the bills, and the fact must have been known to the Bank when, the hills were drawn, that they would not be accepted. Its conduct is, therefore, much .worse than,, that of a common failure. IT WAS DOWNRIGHT FRAUD. Candor..—Wo recommend the following from llio Chamborsburg' Whlg,a thoroughgoing opposl tion paper, to those falsifying federal editors who. have tried hard to raise a hurrah at (he result of the New Jersey election! ■, . “Some of our Whig contemporaries have raised a.shout for New Jersey,, Wo should-have tried It too, if wo had’nt discovered that the Locos have near ituo thousand majority of -ihe popular vote.— ft’s unpleasant hallooing.hefore one’s out of the woods, especially ;lnw very dark night and-near a graveyard;” : ■ _ Owing to the want of mills; ina bility to got to market, from the low state of the water, WintAT, is selling at 374 centspethnshel; and FtoCtt- at 10 nnd'sl2 per .barrel, in tlw Kock Hirer eoa«(iy, Illinois,; ftovo they will do it at the ridxi'&eBsio&',) and. the banks will Am careful to keep their paper circular lion within hounds: they will bo afraid risk of issoing more paper than rddeem—fearful that their notes will hands ojftlio oflicofs of the govern nientJ a demand can be made upon theta wlncOT unable to meet. The fear of this will alwd] a tcndcncy'to keep tho banka within, —consequently if this favorite republican ure of Mr. Van Buren becomfcs a law, those insti tutions from necessity mnst pursue a safe and ju dicious course; and the public will bo preserved from the ruinous convulsions in the currency which have periodically occurred for the last twenty years. The above contains a hriof"view ; of our opinion of the subject, without entering into details—i-wher ther Wo are righror wrohg the public must' deter mine. As we observed before tho present banking System is-rotten to the. core, and requires a search ing and thorough reform, /fho interests of the public demand it—tho misconduct of the banks require it—the people will that It shall bo so—-and our Legislature must do it, or they will prove re creant to the trust reposed in them by* their con stituents. > ; Mr, Dallas.—-This distinguished statesman has “ With groat respect, yours. . v , N. BIDDLE. “ Hon. J, Q. Adams, Washington.” ' Subtebfuoe.—Hie Phiiadelpiua, Spirit of tho Times says: “If trick, subterfuge end humbug, I were ever characteristic' of man or thing; in this country it is' With that of the United. Slates Bank; and this, its’’ruling passion, is strong in death. — .When requited to mark notes upon whi4h payment has been refused-in specie, the Cashier takes the bill in hand;c«/» a ffew hyercglyphics upon its face, alike Void of and substance, and re turns it. Wo presume they are intended forthe ini tials of the .Cashier’s name, but.wo might just.a.s readily suppose them to mean any thing else; and in truth they had as well bo the characters of the Chinese alphabet, for all tho validity there is in them-. Such an act, as a pretended compliance with the law, is a direct insult to tho commonest understanding, and should bo so received. Why not honestly sign the’full name,’ It is the prac tise of other banks, and is. certainly required by. both the letter and spirit of the law. Thcro is, doubtless, awobjeot in it,” The DiFFnaBHOS.—A.' cbptPmpgraty remarks V “The pressnt suspension of specie, payments' to tho South and West of us differs from that of 1837; in this: then every bank stopped—now wo find exceptions, ’as tho Patriotic Bank at Washington, the Banks of Charleston and South Carolina in Charleston, tho Bank of Pittsburg in Pittsburg, tho Commercial atCihcinnali, and the Clinton and Franklin Bank at Columbus, Ohio.” Tho Ohio-rivet is said to bo lower af tho present time,'that it"\tas"ever known at any pre vious time. Navigation by. steamboats lias almost entirely ceased, - ' ' Death is at all times'a fearful visitant.— His appearance casts a "loom over the mirthr ful spirit; ami chills the sunny smile upon the cheek of beauty. And when we stand, by the bed-side of a dying mortal :ami feel the last grasp, and listen to the valedictory of the departing spirit,- we arc ready, in view of the pleasures of earth, to cry out •‘all is vanity and vexation of spirit.”— "Forcibly dhf the sadness and. depression, at tendant upon (he exit of a dying’ one, come over ns -as we witnessed the‘departure, jp.few evenings ago, of that venerable old Lady, the Unitup States Bank, iilTlio.SOlh year of her age. For several years previous to her decease, a .black and yellow melan choly had seized upon her, which led her numerous and anxious - friends to anticipate the most terrible consequences. To ward off, if possible, the descending blow, recourse was had .to medical,aid. The illustrious Dr. Jackson, whose" Tame wils -hulled throughout the land, and whose prcscriptjon3 \veroj.ini- Wrsally found' tu be efficacious, was calked in. Perceiving at a glance her debilitated condition and the wcak state of hqr nerves, he adyised her to seek the calm of private life, and live remotC| from the toil and strife of a busy and interested world. Unfortu nately, the peculiar disposition of the old. Lady, ; combined with -the persuasions of a ' Ct Tuiri quack, named Dr. Biddle, led her to reject <|da salutary advice. Being taught to believe t(«t extreme exercise and unceasing activity ,wou‘.a eventuate in her complete rcstoratibn, she buook herself with alacrity to labor; and in attempting (o lift an unusu-. ally large bale of cotton she “induced an over-circulation, or (on great an issue.”— “Draughts both sedative and restrictive were applied, but all in vain 1 T)uv' m ,r the whofc period-of her sickness, she was fully afflicted with iosth’enc'ss, unusual flatu lence, eructations, and wandering pains in the bowels. These symptoms were attended with loss of appetite, vomiting, watchfulness, and prostration of strength. In order to re lieve her blood-letting was attempted; but, owing to the frequency of former "draws,” her vessels were unable to meet (he present "demand.” Gentle enf&tics, such as ipecac uanha and tartar emetic,.were employed; and afterwards the morbid and noxious "contents of the intestines were attempted to be ex pelled by cathartics. But, in despite of all "these things, her sepulchral voice, her hollow cough and spirting of blood, told too wel|, .of her approaching dissolution; And to com plete her woes, it .was ascertained Mint the ißens” of her stomach had diminished ip number; and that in- consequence of, disor dered inhalation, she found herself totally unable toresist the external "pressure”. - Feeling her latter end approaching she called around her coiich her liege sub jects and adherents. Raising herself up, she thus addressed (hem. “My faithful friends!, the time has come when I must-leave you— niy fete is sealed—-the last flickcrings of life’s taper aue just about expiring;—l had hoped tii'live fnanyl a year, and enjoy the fruits of my labors—but now that disease has seized upon me, and broken the' vigor of ■my constitution—and since I have been clis honoi'cd both ’at home and abroad—ami also because of the rankling barb which the in gratitude of my child has planted in my breast, by disowningand-dcnyirig.mc, I have no desire to stay.. For y our kindness receive my warmest llnmks. , As to tlie cooling and lenitive " draught kindly present me, I can give you nothing iti “cxc/ia«ge,’ > iind can only regret that my “promises to pay” you cannot be fulfilled.” Her 'asc words ■were scarcely audible, and when" her lips ceased to "move it .was fomut'that her spirit had-fled—and the bare walls of her clay tenement was all that remained. Thus died Mrs. United States Bank. In her death many have felt a severe and irre parable loss.. Various Editors whom she suckled at her breast; avow to the world the extent of their misfortune, ami witli-becom ing gratitude-cease not to lament the hard fate which! hiiSMven them of theirstay fc’tjd support. There'afe^sume'Senators also, and B—d—e blpoded oncs"foo, who feelingly de plore the calamity; ami curse the cold grave because it has swallowed. Cvithdts ravenous jaws, one so kind and 'tlie terrific revulsion of ’36 she took a ;c<fpspicu ons part, and wielded hcr influence t'dgreat effect. 'At her lin'd, men—aye eVqn' SeKX- Tpns—forsook their faith and tlieir plighted' oaths, and Tell bc/ore her and vowed eternal allegiance;—“-real estate rose and fell with her frown ami s mile—the Eastand tlvc-Weat, the North and the South, brought up their treasures and emptied Them into herlap.- T’lio : celebrated JJRuckshot AVar,” too.'iii which so many vatiaht Generals hud military flieroes reaped ehdpringiaurels, was the off spring of her power,! --But she has gone." A mighty-one has fullen;': -May her bones fist' in peace, and may her sleep never b'edlsture bed nor broken bV ‘the,wail'pf the brphan, br the loikl anathema of the bankrupt and 'die-, jpendent* -. in pace, • . r^rr-rrrzrz*.: ' 'For. flic Foluniccr obituary. To the Democratic. llEruni.tCANs of. Cuh eand County.—Some .craven hearted, crea tures, have, I understand, been circulating a report, since the. latecleclion, that previous to the s.mTe, I"went to.Harrisburg.and pnn-, ted spurious tickets. 1 pronounce the same, to be a b'ase tend malicious fahhood. , I was j notin Harrisburg Tor more than three months before the last general election, nor bad 1 any knowledge either dircctlyror intlirecl.ly. ol' the printing of any tickets, splirious or oth- l' was one of the boardof officers who held the election for the' tpwiiship of .East Pennsborough. Tickets were there; as wellas several other townships, as Tam in formed, having the hathe of A. Smith M’| Kinney, and algo (he name of Abraham B;; M’lCinney, printed thcron; -No objection 1 Was. made to this, until in the evening, after J some' four or. five votes were counted off fur 1 the assembly, when the majority of the board, being composed of the opposite party, resol ved to keep separate (allies, for A.,'Smith M’Ktnncy and Abraham S. M’Kirmey.- I opposed Such a measure, stating lliatthe votcs were evidently given and intended for one and the same, person, and .that the return judges woufd so decide: but being in (he minority, I was overruled-ami hence, 1 sup pose, the' story of apuriobs tickets arose.— To the truth of this, many persons - who were ' present, can testify. lam pleased to learn that my prediction was verified, for it seems .thc.rclurnj.judgcs.did.give all the votes to Mr. M’Kinncy, which was clear by the in tention of every vote, and any'.other decis ion would have been doing injustice fit that gentleman. , How any democrat could har bor, for a moment, (lie idea that't should participate in the printing,of spurious tick ets and circulating the same, in opposition to the regularly nominated ticket, is to me cxcecdingly slrangc, when it is well known to the democracy of this country that I have always been .i warm and zealous advocate of tho delegate system and democratic prin ciples. Sixteen years have now elapsed since I first exercised (he right of sulfnige, and I can say that I never yet voted a scratched ticket. “ . - Lwoulil here take occasion to return my sincere, thanks to my fellow citizens, tor their numerous manifestations/)!' friendship evinced towards ,mc,.prior to the assembling of the lnle t coonty convention, for a high and honorable station; and although their wishes have, not been realized,at is their duty, as well as .mine, to go on .with renewed vigour in support of democratic ioen,irid measures.. VVe havphitt lately emerged from a serious conflict with a desperate ami reckless set of politicians, £iit-\Vould now-he suicidal pdfw cy Ml falter, or lesson ms.rz.cnl one jot or tit tle. in the cause of democracy to which wo have always been undeviatitigly attached.' The result of the next election will be an important one to the whole nation, as well as to the people of this county, and it be hoves us as democrats to buckle on the armor, and prepare for the contest. In the re-election of the present chief.magistrate of. the Union, few can doubt; blit (hat there will he opposition, is equally certain. The best criterion of a man’s popularity; is the decision of the people at the ballot box. l — recent election throughout this com nmnweallh has’given indubitable evidence of this fact, in relation to the general and state administrations. Nothing is now want ed but a steady and vigoruussppport of those principles we have heretofore maintained, and victory must again crown our efforts. DAVID IfUMiS. K PcnnsborpUgh Oct. 21, 1839 i , , For the Votanleef, IJmpahalUu/kd Meanness.— -It is well known to the of Carlisle, that the Trustees- of the Methodist Church have nearly finished one nf the most beautiful and important improvements in our Borough.-- This is.the rcmoddeling, enlarging am) beau tifying their Church. They have shown great taste and liberality in this matter. And yet some persons were so mean nnd dastard, during public worship last Sabbath evening, as to injure both of the columns" which are to adorn the tonic Portico. This they did by sticking their canes into the plastering before it has become firm. tVill you Messrs, editors, express myniimf to these feltowsf perhaps it will make them ashamed ofthem selves, or"put them on their guard. PUBLIC SPIRIT. For the Volunteer Messrs. Editors: Since the late suspension (if.spccie payments. by lhc_Uaiiks, 1 have been examining more particularly than I ever did before, into the monetary concerns .of our country; and, if l am not. egrcgiottsly mistaken, they stand thus, viz: Troirt the reports made in November last by the banks, they have.a circulation of, and owe to depos itors («Inch is I believe about the shine thing,) eight ilollarSf\n paper for every silver dollar they have in (licit- vaults to redeem it withal! Is this-bafikiiig on a specie basis? and what, guarantee; Task, has the Community for the redemption of evert this one eighth} Noth ing, I am free to assert, but the moral integ rity of the stockholders; ' . • . It Is said, nnd-1 believe with truth, that money is only (lie representative of labor and property. If so, where is the objection to banking on a lieul Estate basis, as they have done in Holland for two centuries past, and which still continues-to be in the best credit of any other banking institutions, in the world, I would, therefore call the at tention of the people generally to this sub ject, and ask of them the quesfmu.why don’t you make your own'money?. Will it impov erish your soil to pledge it as a banking se curity: it does not dosoin tlolland, and the husbandman and hoUsehtildef reap an tm teresf for tlie soil he cultivates and the house he lives in. - We have not,in my opinion, a sufficient quantity"qf specie in this country to answer the purposes of commerce—anil, even admitting we had, oiir country is* of such wide extent that it would, tc say the, feast of it, be inconvenient tore very purpose. W'e haye enougiv tor change, but no .more: Then I Say, give T .ns a .National. Bank; ori National funds and National, credit, the officerstqpe elected by the people^—arid lo cal banks,? founded ofi real: estate and a specie basis, sp faV aa’it can be procured, and I believe aU wiil be right in a-short time, tlwt our pres* entßartkiligaystemiSadarigerousonc—and till wilfatbnitthat It ought to be corrected, inasmflchfttd iT^vcs;t6 : banking, instiluHons. tights which thecoinmuiiity do riot enjoy; s.ucK ns ivith tiicin to pay' their notes on derriarid, pr e-,v J - _ ■ , IE A: sumo, will 'say that we arc prepared for an entire metallic currency, for the reasons i ’have already given—as alsbby reason that it would reduce the value of'properly as i is to-8, and bring; immediate ruin oh all men iti debt apd in;extensivc-business. It is- higlf time, wo were Up, and doing—for I beUcve. our monetary concerns have come lb an alarming crisis. _ 01S EOF YOUR .SUBSCRIBERS. THE BANKS AND THE PEOPLE.' . Banka, properly'conalitntcd,. I ctl by legislative enactir.eiits. nrniy be-madc.- * subservient to 'public as' well as' jirivate in-' | tere'sfs; but banks,' managed as/they have Ibeefi- the'last'fewy.ears;a're: ' prodiicffvc* of serious damage to tlie'public,' 1 anil only profitable to the sharpers who con jtrol, and Ibe speculators who uscthem v .fou j their [i livate brnrfit. That-the first and !e -gitinmte object'of banking has been perver ted by these men, ho one denie.s'-“-and yet,’.: with a singular a;large portiop-i oh business inen, have contended againstthe efforts' of the democratic parly to bring about a healthy reformation. In the revulsions of 1834 and ’ST, one would have supposed (hat enough had been seen and felt of bank mis management to cause a change in the con duct of such nien—to have convinced them of the utter hopelessness of ever, witnessing, steady amhpermanent business limes, until the strong arm of the.) aw. took hol’d of tlieir practises, and held over them, the rod of j correction-. But with few exceptions, such men were induced,-either through fear or, favor to continue to bolster up this hank cor ruption, though often at the sacrifice of their j own interests. They abused arid vilified the democratic party/ misrepresented' their rwo*- lives and object, and charged theni with die; secret interUidtiijf breaking down the “cred* it system,’’ and ruining the business of the country. They denied the fact, that -the, country was ripening for another explosion, through the hotbed influence of partial legis lation,- and that an Independent Treasury, wlncb is calculated (o-check excessive i.nl portutions and -redundant issues of paper money, Was only an attempt to throw the . country back into the dark ages of iron morieC. But the recent failure of the boasted “Reg-* ; ulatlov” has in a measure brought many to tlieir senses, arid they nuw.acknpwledgc that they built tlieir bouses on the sand. The disclosures of (ho Swindling operations, of that hank have startled them, and they are now (tioddlyjiyhe sure) enquiring whether 'there are inure banks of the same kidney from whom the same results may be cxpect-i, ctl. They wdll riow find that every rotten bank in tins country will make the explosion of die U. S. Bank a cover for its own weak ness, atul settle down upon its vaults- with the plea of .“compulsion',” in die hopes of hiding its nakedness in, what will be called by designing men, “a great calamity.’.’— But the Rubicon has been passed, and the people will not n(iw be sa(iS(ieil’\vitli 'such shallow pretences for refusing to pay their debts, Whatis a bank good for, that' can not pay its debts? that close's its doors when ever it observes a Creditor coining towards it? A bank, to be worth anything, should , be something for a community to rtiy upon in times of pecuniary distress—not an engine of death, to be turned upon the public, in times of trouble. And why is this so? Be cause many of these institutions) instead of assisting individuals it) business, become so entangled in schemes of. spccldatitih, that they cannot on any sbddeh < mevgcncy even help themselves. The law of self preserva tion, is of course-the first with tlienij and the sacrifice of their customers becomes nec essary,, in their view to avert their own de struction. Now, in our upinita r the sooner such banks break;.the better for the commu nity—it will make die good ones better, while (lie rubbish will be.blpwn away. No solvent banks will; follow in the foot steps of the "Great Rxptodcr,”and the peo ple may welt doubt (lie resources of those that do. As well might all business men shut up shop, because a swindler lias briikol down, as on honest and solvent bank refurie payment of its notes, because a nierc shaVjmg shop had gone the length of its rope. AVe would-visit speedy retribution, upon all such offenders-whiln-we-wmiid-throw mi obstacles in the way uf those'who’are at all times ready ami willing to do their duty. Wo say iigiin let tile rottUit ones gu—tliVy. tjevor wdl huve a belief-time to sink from public execration, and let: them, have a good, nil: dance. They will be immediately .bound to the-ex ecutioner—at. least in all states where dem ocratic legislatures have the' handling of them* Ncw l/aoeii Feginlir. - The toUo.wung rcniarks were ipadeby Mr. Buchanan in the U. S. Seriate, during' the suspension of 18S7. They are ail well worth reading now, for (hey.show the conse quences of pm- neglect pf measures of reform, when they wore so imperatively called fort That-which.the.speAkcv..furctoli] .as'inevita ble unless correctives:were applied ta the banking system,,has come-to pass, sooner perhaps than Was anticipated. ■ .. 'The Bauks.by-their lefusal to pay specie; l have now placed themselves within the pow er of the State Governments. They have tor-, feited their charters,. 01111 it now remains for the ditlinent Legislatures to decide upon wliat terms they shall Be restored.: Amidst the general .misfortunes of the country.'jt sft’ one source of consolation . that' the "banks have placed themselves." with id thejfott-er of the people. Had they not donc-thisf by ,their own cotiduct, we know that ri'iuimerous and.; poweidul.parly exists in'this Country who' .considef.a. charter.of incorporation so shcretl that no Stale Legislature, by any. future law; could ever restrict their own banks from is suing notes Under ten dollars, if their charter aufliofijttid: them to issue notes pf ,a less 'tie-' nomination. According to the doctrines of this .parly, all povver over the papei; circula tion, of this country,- which ift .one. of the highest.attribu tvs ot sovereignty belonging to the-States, has, by them,- Been irrevocably transferred to eight hundred banks*' . Thank Heaven!. eVcry difficulty on that subject is now removed; arid, it will depend Upon the wisdom arid firmness of, these Legislatures, whether we, shall, have a sound pappretin'en cy in time to come, proportioned inamount to the wants of’ the penple. and 'plncing tlie banks’ themselvesm -a secure -Condition; or whether,wy ahaibagpln.beovcrwhelmedwith a elelugfe'of pPpeT mortey W.ith all;its atto dant evils; HthcyivilTbuthecutea specie basis for our paper cirQulnlion; by. prolubi tinjv the Usup of banlt faptes;?Swt nndftr ten (lollarav ahd after under 20; if. they will render the,sfock^dc^fSafilts'yeflonalfy responsible, at least for the amount of dotes tvhich they may issuer if theyr'wilfffotilth6- tlividends of (he banks to a ichsonabld/prolf-'-- it on (ha investment of' the stockholders-nt" (hey-wjf- require thebnnksio kebp adjust'-' proportion Of specie in (heir vaults'compart - ed with-their circulation and deposited; amp above all, if they \yill .adjust- -tlic-whblo amo tonk-.ndfas loißevJssuc'd (o' the" yiyants of' the people,-..(rpuh, principles,whieliV 'have been sanctioned by cipmenfce sO as (tv pieye nt rmnotis-(luctunti^B'intUp: ; ahtpUnt Of' our •cu'rrehryvdlicrfSfi^.ccdthe evils which we have Suffered will be compensated hyil'tlteißtncfits we are ‘destined ft' eftjdy.— Jsg.t r confess I dread the result.WtfOrO., a veVy. s'tranjie people; ''ffie lessons of. pcrience inake'but a feeble impression on', our ndbdfe. \Vc rise with so much' btioyati-- cy froiir'bur -misfortunes, that when they have passed away (hey arc instantly forgot ten-. Should the banks resume-specie pay ments before .or shoV.tly. after the next meet ing (if opr State Legislatures, ami tbc ciir rent begin to -tun smoothly again, 1 feac {thatno-such changes will be made in thO existing bank charters; and that we must await this .eVcut of.another'crisis, which ■would be inevitable.’’ Jllinh Fis!icri/.--lt \s statcd.lhat the wholi -number of-wssels engaged in (he whaleJislir • rt:y, frofti tin: United Stales, in September | last, was 0,57—0 f wiii'ch 451? arc: ships and ba!{jues,,aml 30 brigs and schooners, making; an aggregate of IbO.PHS tons; ami tlio oMi-- Hinted viiltvc of the Whnle anU ppenn oil ami wlialtybiiiiOi iinporlcd into 1 the' U. States dpi ring'the last four years, is staled to bc;i-lil' 163.5,,t0tal value in -168(>,'&5t‘— 68D v 8 )-4;in 18G?, 5r,355 - ,535t.m I«£6, )5G,057. JJulliinoie &'wi. Jijfuira in Nni' York. —A letter (o tiirt rliiliiilolpliiii North American, dated New York, .Tuesday, 4 IVM.,' ' a/yss — • , The largest faililie \ve have luul yet, 6c curved ptv Saturday'; the extensive dry goods .jobbinghpuse of Doreinus, Sliydam & N non. riiv'Y owed is said .4400,(100, and show as=- peisYor:"fePOO ,000 or moro.* There are imi tires' lids week that I know of.. ■ Since Cienessee flollr lias to $G there hate been targe spies for- exportation. Hut (be receipts are haw 10,000 barrels ri day, so that they overpower even liberal pure liasers, and the price is inclined to go beyond, the present rate-. Jersey,.-and Northern-Corn' SoarXcis,—4 'Southern "oaTO. 1 have heard of no sales of Southern-djotir to-day'. The donirstid , manufacturers are buying consider!,hie cut ton. ' . Wr ivr On Tiii’srli. if, 'the 22iJ insl. by the Ilev. Vft ~ T. B|.'i(ile, / irtr.rjSJiiinnon Usq. to Miss Harriet M. Trega, both of Uiohirisoii towni ship. On Thursday, the 24th iusf.by tlie same# Mr. David Grier, mere bant, (o M iss Jane Moore, all'of this jilact*. On Tlinrsdiiy the ITtfi inst. in Micliimics lii’ffr, by tlie Rev; N. J. Siroh, Mr. John Kthnorc, to Miss JJllzußdh Hurt, bolls of the vicinity of Lisbilnu * On the ‘-t'iil insl. liV 1 1 - .;.' sumo, Mr. Ralis btiri/ •Slicirmni'n, nearGreetivilluge, tn Miss Rebecca drove, of Strashurg I'Vanklin co. On tjic 24th inst. hy the same, Mr. Johti Ihrl-zVer ,. to- A!‘iss Freni/ Rib, both ul this, tollniv. 3132: i Oft tW 1 Slli September, M’rt Philip Zieg ler-, ftf Ninth Middleton township, in tint 7bih ygrTo rills age. / Cofntnnnicnicth at 'BfiltiHime on (he 14th hist; ift One 271 h year of. his age. Lieutenant ( /titles fiS. Ritlgely of'the U, 6; .Navy, son of OenV. C-S-Rtdgely of Anne Ammile county, MiL In the death of this young and promising officer the service has met with a setitius less, and will deeply anil long regret with his family and friends the pritattiin they have .sustained. With his family ami Iticniis he was justly hi loved,.anil when on-duty nt Sen there wencTow could compete with hull; Hri wins esteemed by his superiors ami • beloved by all oVer whom he had- at times command.- If is a consolation to his friends to think'that althn? ciit off’in the prime of life he is cn- j dying that peace' anjl .quietness which, tends those who perfijfin, (hair duty and are ready Id answer their master. 3AKQA3SS, BAUGjiIK-f; " ‘MVEV . , CHEAP HR THAIS liver </ •. . THE subscriber-has just: npent'd a very'largfi. and sph mlfd' assiii tioeiif of i ' ;; ; ' sviiL-. A -i:D wiitesp.-goobW ' cmiMsiuig in part.of ClotlTs," C<is«inieVTs v(jjiSM viK*iis, Plain and Figured Uouib zii is. Prince de L iiiirs,'S:»xt*uy do:* CambHcs, Mus s Uns,.U'(\ndKv ri hut's, lliisudy* i. ; n - f . . r Groceries &' tyuccnsicni’c. .V-' His ciistotiiers-'aitd t4ie : public generally,. nrc vnpcctfully solicited td call and avii Mu-msl-lvis ofcheajr as he is determined to sell Uiyi\ • .• •. , ‘ l ' V- •’ ; '• : . a.uichakds. CuvfisVe; Ort.‘3 lv ■ , %■■■ i-A-'T-TE HIT! SPIITifGFIJILIi. LttinT jNPANTkT ; * j. ■: J’aijule in r StVsi>«f?>wi» ,' JL • JH -•Ai.'M.' prn|ierW yq'>'prfar(lnn.ii.,;, ; . c ; -By ordcf ot:tlre (•awaij«;^,V las' : iOHW:KKOj?XCK. | fif • , . n ', ;> ,., ;r;^,! o. < iSer)'ranti ' “ If', N; fii ah'ptrti»Will; : 6fe held oi* .uy tlieJSiuPp^ -v -"Jlatqie'df Philip Ztdgler; deciaa^i ■; A T;L perarm* knowing ihiMi setv\a» to he ini ' ■(lcl)fr(l : >(i the-«.'staie,nf , s!ii<l : ileteati'tt «ill .i.wßepa#toMft!hnr &lf of -Decern--' - tier next.’Snililliose having ijhjuns'against sfiM ealote Jjrf jiSrly authenticated • ■: fdif SL'llltoifflt, ;it llif;latt‘ r('auWiioa nt 3aUl (it'Ci- '. I 4 ' -John Zdgkr A ' ,- • . tfSrMdiri.'Zetglaft' , , . ~ ’ rt\ David Zeiglet, ■. ’ Philip Zti'gleri • . -,Ui '-‘0ct0ber31,4839.-'.'-' ,-■6*
Significant historical Pennsylvania newspapers