AMERICAN TOLONTEEB. JOHN 8.-BUATTON, Editor k Proprietor . CARLISLE, PA., MARCH 29,1860. DEMOCRATIC .STATE NOMINATIONS. For. GovomoiV HENRY D. FOSTER, OF WESTMORELAND COUNTY. FOR PRESIDENTIAL ELECTORS, ELECTORS AT LARGE, . Geo. M. Keiji, of Berks county. Richard Vaux, of Philadelphia. ! DISTRICT ELECTORS. 14. J. Rcckhow.. 15. Goo. D. Jackson. 16. J. A. Ahl. 17. J. B'. iTannor. 18. J. E. Crawford. 19. 11. N. Lee. 20. J. B. llowoll. 21. N. P. Fottorman. 22. Samuel Marshall, 23. Wm. Book. 24. Hamlin. 25. Gaylord Church. ,1. Frod’k. A. Server. 2. Wm. C. Patterson. 3. Jos. Crpukott, Jr. 4. J. G. Brenner. 5. J. W. Jacoby. - 6. Charles Kelly. 7. O'. P. James. 8. David Sohall. 9. J., L. Lightner. 10. S. S. Barber. 11. T, H. Walker -12. S, S. Winchester. 13. Joseph Laubach. 0> Subscribers who intend to change their places of residence, are requested to give us timely notice of the same—always stating the place from, as well as that to which-they re move. Attention-to this matter, a few days in advance, will insure’ them the receipt of -their papers after tho first of April Distressing—A Man anß ms ■ Dated ter Drowned.—On Monday last, at about 10 o’clock, A.. M., Mr. Peter Myers, aged 54, (miller at James’ Mill, in Westpennsborough township,) in company .with his daughter, . Mary Ann, aged 13 years, attempted to cross tho dam in a small .boat that had been used for that purpose. Immediately on leaving the shore; a tempestuous gale drove the boat rap idly down the stream, and finally over the 'dam!, Tho boat capsized, and Mr, Myers •and his little.daughter,.after a few ineffectual efforts to save- themselves, sank to the' bottom of tho deep stream. Tho only bno who wit - nessed -the catastrophe was a little boy, who immediately gave the alarm, when the noigh . bors assembled, and used every effort to res cue the sufferers, but all their exertions wore unavailing. The bodies wore taken from tho stream about a half, hour after tho accident, when Coroner David SmTn.wns sent for, who . hold an inquest upon them. This Sad acci dent again reminds us that “in tho midst of life wo fire in death.’’, _ fl©* The newly elected Town Council mot On Wednesday evening last. John Gotsiiali. was chosen President, and James Masonheim er Secretary.' The following gentlemen wore then elected to. fill-the; Borough offices for the cnsuing.yoar, viz: , High Constable —George Bentley. Treasurer —Peter Monyor. Collector —Peter Gutshall.' MaiiceWMasler —George Miller. , Attorney— Charles Maglaughlin, Street Commissioner —W. B. Matthews. . Lamy* Lighter —William Parks. Sired Regulators —. William Line, Samuel AVetzal, sr., Xlinry Myers. ’ I ; Stali/Rents of our Market Housed— As will besoen by the Borough Account (to be found in another column,). ; the stall-rdnta col lected from-our Market House:.for the last year' (from March 1859; to March,: I 860,) amounts tp §5OB 45. By reference to the'Bor ough Account published one year ago, wo find that the; amount collected for stall-rents for that year (from March, 1858, to March, 1859,) amounted only, to §B3 62, or, §424 83- lesf than has boon collected' the last year! How is this ? There is certainly something wrong.— The price of the stalls have been the-same both years; and both years the stalls were all rented. And yet we find that the fiscal year just ended yields $424 83 more for stall rent than the previous year did. Wily this differ enoe-?. Bet our Borough authorities solve the question. ■ It will bo remembered that about this time last year wo-called the attention of our citi zens to this subject, and wo made ifplain to them, we think, that, from, some cause or oth er, but few of the receipts of the. Market House over reached the Borough treasury.— Whether the fault was in the careless collec tion of the rents, wo know not. For the first time in many years'the stall-rents of the Mar ket House, afford a considerable item in the .Borough’s receipts. If bur remarks on the subject-heretofore have wrought this change for the bettor, then our object has been accom plished. Wo shall watch those stall-rents in future!.. Lecture.— The,last lecture of the course for the benefit of the Young Men’s Christian As sociation, will' be given in the German Reform ed Church of this place, on to-morrow (Friday) oveningj.by Prof., Thomas C, Porter, of Lan caster.-. Though this is the lasi, it will not bo the leost.leoturo of the course, if wo may judge from the reputation which the speaker bears. His subject will bo “The Dominion of Man over the-Animal Creation.” Tickets, 15.cts.i may bo had at the stores of Messrs. Loudon, Saxton, Halbert, and J. U. Steel, and-at the door of the Church. The lecture will com mence at 7i o’clock. Marries.—Tho cry of “knuckle down,” “fen cobs,” “fen dubs,” “-lot my ‘white al ley 1 alone,” and: kindred expressions, known to those acquainted with the-game, greet our cars at almost every point in the town.. This is tho season when “ Young America” is in his glory. Marble-shooting,,hoop-rolling and other games employ all tho time not occupied at school.. When wo look upon tho hoys thus enjoying themselves—free from every care— ■we involuntarily wish wo “ were a hoy again.” They little dream of tho perplexity and anxie ties which they must encounter should'they live to bo men, and it is well they do not, else much of their pleasure would bo destroyed.— “Go it while you’re young” is an expression of 'considerable import to those to whom it is addressed, and should bo heeded, for it is self evidontthat" when they got old they can’t." A'.strect encounter occurred at Jeffer son. City, between James Hughes, Deputy Warden of: tho Penitentiary, and Mr. Dosior, formerly a guard at' the prlsoh, resulting in tho almost immediate death of both. Tho cause was an,old grudge, Both leave fami lies.. THE PRESIDENT AND COMESS. At tho commencement of the present ses sion of Congress, and pending tho election of Speaker, tho venerable President of tho Uni ted States was most unjustly and maliciously assailed by several of the Republican mem bers. ' The most conspicuous, however, of those engaged in this dirty work, were Bas kin of New York, Adrain of Now Jersey, and Hickman of Pennsylvania. Those three men, having turned their backs upon tho Democra tic party, and wishing to become conspicuous in tho Black Republican ranks, ingratiated themselves at once, by tli’etf foul, ungentle manly and Cowardly attacks upon tho Presi dent of tho United States. Smarting under disappointment, this trio of traitors, taking, advantage of their position, supposed they could gratify their malice with impunity.— They were willing to attack the President and every body'else, but bellowed liko tho Bulls of Bashan when they wore attacked in turn.— Most triumphantly wore their slanders against tho President answered by Democratic mem bers; most effectually wore these three vul tures .silenced. They wore answered as all slanderers should'be answered, by being told to their tooth that they had falsified. They knew themselves that they had permitted their feelings to carry away their judgment, and at the close of the debate, they folt liko. whipped hounds, and expressed themselves in subdued and supplicating language. They begged forequarter, which was magnanimous ly granted. Thus ended'the debate between the. Presi dent’s assailants and his defenders. It was supposed this would bo the ■ last we should hear from the mou who had been vanquished and silenced. The most inveterate enemy of the Democratic parly regarded the fiendish assaults that had been made upon the chief | executive's brutal and disgraceful. Agcno ral hope was expressed that in future the Pre sident might be saved from similar But, “the Ethiopeau cannot change his skin, nor the leopard his spots,” nor can Black Re publican members of Congress'act decent if they’d try.- Even if they make the effort, they are so much given to blackguardism and confirmed habits, that they find it impossible to divest themselves of their natural propen sities. They have, therefore, for the purpose, of giving vent to their, envenomed virulence, concocted another plan to insult the President of the United States. A Black Republican member from Now, York, named Hoard— a canting, hypocritical time-server, whoso name is synonymous with sycophancy, treachery and double-dealing—~this cat in the pantry; whoso whiskers are white with the cream he has not tasted —has had the" impudent auda city to ask for the appointment of a committee of five, to inquire into the. honesty oj'the Pre sident!—and directing “an examination into the charges made (in the Tlousc.j against the President during the debate in December last, by Messrs. Haskin, Adrain and Hickman I” The committee has. boon-appointed, and is , composed of Messrs. liodrdi'X'aso, Burnham, | Bonham, and Dlinmiok. , , So it appears that the venerable President —the only real American statesman now liv -1 ing—a man whose integrity and honor have \ never been questioned by his moat inveterate enemies—i's to bo dragged from the Executive huanuion. and from his duties, to be inter; aba ted by a-oommittee composed of a majority of his relentless’ enemies, whose'whole - object is to insult him, and, if possible, blast his honor. Ah old Greek proverb tells us that “the eagle does not prey on flies,” and whether Mr. Bu chanan will pay any attention to this Black Republican committee, or obey its summons, is doubtful, If he; should condescend .to ap pear before the committee, our word for it ho will utterly confuse and confound his vindic tive and contemptible assailants,and send them howling back to their kennels. And has it come to this, that the President of the United States is to bo thus insulted by Congress 1- Is it not disgraceful l 'to our coun try aud to our people, that the high office -Of President is to be thus trifled with? “In quire into the honesty of the President," forsooth ? Inquire into the Official conduct of James Buchanan ! The man who could con ceive such an idea deserves to be- pointed at by the finger of-scorn to the end offhis-worth loss life. ’ , ,• ■ - Bow Wow I —Our remarks (in out issue of the 15th inst,,) on the subject of the Borough finances, caused a loud yelp from the Herald Ihst week. . The writer of the Herald’s article no doubt felt our strictures, and-it is not much wonder, therefore, that he was-induced to give tongue. The only mistake we made-in our previous remarks was in estimating the bor ough debt at S-15,000. It is nearly double this amount 1 The result of the .recent Bor ough election is evidence, wo think, that the people of our town entertained the same Opin ion wo. did, viz—that. a change of rulers was absolutely necessary. . The writer of the. article in the Herald is entirely mistaken if .ho supposes we are hos tile to Borouglf improvements. We favored improvements, and, as a member of Council, so voted, at a time when certain demagogues found it more popular to oppose the improve ment movement. Wo braved the storm when the writer of the article in the Herald was afraid to define his position on- the subject.—- Nor are wo frightened at a borough debt, but we do oppose extravagance, defalcations, and the like. The Herald, we hope, understands us. ■ Tho angry writer of tho Herald's article attempts to bo severe, when he says that there are men in every community “ who are so ut terly selfish that they never pull a string un less they see a dollar dangling at tho other end of it." The editor of tho Herald should have drawn his pen over that sentence just as he did over the Curtin and Cameron resolutions adopted by his party’s County Convention.:— Wo might reply tothis attempt at sarcasm in a manner that would cause a tingle in some men s ears, but we forbear. ■ We may remark, however, that tho squad who own and control the Herald, are generally supposed to have two strings to their bow,. and always try to pull the one that'pays best! They generally look for more than “ a dollar at tho other end of it, ’ too. But, enough," tho Democrats have now control of tho Borough, and wo hope both our neighbor and ourself may have reason to rejoice over tho welfare and prosperity of our town. C?” Tho lumber business lias become quite active on the Susquehanna. New. Tariff Bill. In the House of Representatives,-on son day now tariff bill was reported from tho Committee on Ways and Means, and tho vote, a fow. days previous, on a niolion to suspend tho rules to allow it to be teportfed ,at that time, showing a decided nmjdritjr in ks favor, indicates that this bill, or soinething substantially like it, will pass the House.' It provides,for specific duties on iron, to wit; On bar iron, §l5 per ton, plate $2O, rail $l2, scrap $O, and pig so—against tho present duty of 24 per cent. *.ad valorem. The free list on wool, extends to all , wool costing under 20 cents at tho point of export; all other being cents per lb., against 24 per cent, ad valorem. Woollen goods arc put under specific du ties, thus: Cloths and carpets, 30 per cent., .and ladies' dress goods, &c*, at from 25 to 30 per.cent.; goods, however, worth over two dol lars per yard, pay double duty. Tho effect of this scale will bo to increase tho duty on wool len goods gefterally about 9 per cent. Cotton goods will average about 25 per cent., tho present rate being 19 per cent., and a few specified manufactures 24 per cent. Mixed woollen and cotton goods will pay about 30 per cent, instead of . 19, as under tho.present ■law/ 1 ‘ The first Anniversary of tho Young Men's Christian Association was celebrated in the First Presbyterian Church, on last Thursday evening. Although the evening was very blustery and unpleasant, a largo audiouco was present to witness the exercises. Rev. Mr. Kremer opened with a suitable prayer, after which Mr. J. C; Hoffer* the energetic President of the Association, read, tho annual report. Although the Society,is iri its infancy, the facts and statistics there given show that-its growth-has hot. been fee ble. Wo were especially, gratified to learn that about 1900 visits had been, made to their reading room, which was only opened to the public some time last Fall. About fifty ac tive and associate fiicmbcrs are. on tho list, and two hundred volumes upon the shelves of tlio’library, with any quantity of papers on the table of the reading, room. After the report, several addresses were made by the Rev. Messrs. Gibson, Murray •and Fry.- Mr. GirisoS’ spiblce'of the value of these or ganizations for young men, and showed the assistance they were to parents whose chil dren were beyond their control., Mr. Murray alluded to the beauty of these Associations in bringing Christians of all de nominations together, and urged this as a duty, because they worship one God, believe in one Savior, and aim for one Heaven. Mr. Fry addressed the audience on the wants of the Association, and argued the rea sonableness of their expectation that these wants would bo mot by the community at large. Excellent music was furnished by the choir, which greatly added to the interest of the oc casion.' After the benediction was pronounced by the Rev. Mr. CiiExoivEfn/tho audience dispersed, apparently greatly pleased with the evening’s entertainment. . Death ov, Robert Fields.— The maiyg\od\ body of Robert Fields, briolc-makor, of thisJ place, arrived hero in tho train of oats on Friday aftornobniast; for interment. The fol lowing particulars of his death wb take from jtho’ Harrisburg Tdegraph of Thursday last: Man- Killed on toe Railroad.- —Last evening the dead body-of a man was found lying on the' Pennsylvania track, about one ■mile tliis sidcof Middletown. A train of cars had passed over him,'breaking his arms and legs,-and mangling-him terribly. His body was taken to Middletown, whore an inquest ■jwas hold upon it,this morning by Coroner M’Cdrmick'r assisted by Justice Walborn.— Mr. Win. • Maglaughlin, of Harrisburg, ap peared before the Jury and testified that he enow the deceased; that his name whs Robt. Fields, a brick-maker by trade, formerly of Carlisle; that ho mot huh somewhere yester day morning,-and that ho then had in his.pos sosaion about forty or fifty dollars in gold; and a Colt’s Revolving Pistol. A Mr. Stiner testified, that ho had been acquainted with the man in Danonnnon, that his name was Fields, and that ho was a brick-maker by trade.— The Coroner found upon the' person of the deceased a pass book, several bills and receipts, and other papers, containing the names of Robert ahd William Fieldsalso forty or fifty .cents in : -money,- two empty purses, and a tick et on the'Northern Central Kailroad to Balti 'moro. • No pistol was found. If Maglauch liu’s story be true, and the man’s death was' the result of accident, he must have been rob bed by some person or persons either before or after-his death.. There is a mystery con nected'with this affair that remains to be un ravelled, We did not learn-.the-verdict of the -.Curonor’s Jury, Seizure of Smuggled Diamonds and Jew- Ei.r»-. —Among the passengers by the Fulton, which a-trivbd at Now York on Tuesday of last week, was a young man named Arthur, who had a greater quantity'of jewelry with him than would bo appropriate for family use. His movements attracted the notice of the De puty Surveyor, who searched Arthur’s person and luggage, and discovered in the pocket of his pantaloons two suberb diamond nckclaces, and in the lining of his clothes and in the bottom of his trunk, a large quantity of jewels and diamonds, valued at several thousand dollars: The goods were seized and taken to' the Now York Custom House. , Large Amount of Grain Consumed. —We learn, says tho St, Louis Hews, from tho offi cers of tho, Illinois rivor packet Sam Gaty, that a fire broke out yesterday noon in the large grain house of Waterman & Moore, at Havana, Mo., resulting in tho total dcstruo tjon huilding with its contents. Tho Warehouse was well filled with grain at tho time, and it is thought that there wore not less than one hundred thousand bushels of grain of various descriptions stored thoro at the time. , The Pennsylvania delegation tp Charleston have contracted for tho steamer Keystone State to take ono hundred, passengers from Phila delphia and back, between tho 18th of April and tho Ist of May, and furnish them on board, during that period, for $BO each. The Lenten Season.— Tho season of Lent —or forty days’ fast—will end on the Bth ol April—Easter Sunday. KT* A family of three children of R. Fen ton, of Rochester, all his offspring, have died within less than a wOokof scarlet fovor, and were on Thursday of last week buried in ono grave. Tub journeymen cabinet-makers, of Now arc on a strike for an advance of wages. fhc Free Banking law. Bash oak inconsiderate legislation has bo comQ so enormous on ovil.among us that it is very questionable whether the State is in greater danger from the law-makers or. law breakers. The annual meeting of the Legis lature has become, an event which fills every respectable person with fear ond apprehension for his rights and property, and this, vvo are sorry to say, is a prominent characteristic o the Legislature now assembled at Harrisburg. The House has enacted another so-called “free honking” law, the operation of which would completely subvert our present raomen tary system* * The new law is, in our Opinion, full of disastrous consequences. Them is one feature in it which is well calculated to de ceive superficial persons. It pretends to sc euro the note-issues, by compelling the depos iting of un equal amount in State bonds or United States stocks with the Auditor Gener al. If, therefore, its provisions are carried into effect, all the securities for a greatly in creased paper currency, which ia a short time may bo equal to or even exceed our entire State debt of over $38,000,000, will bo in the hands of one* single individual, the Auditor General, and on his official efficiency and hon esty alone will depend all. An unprejudiced inquiry into the nature of the new law will, wo are sure, take away the blinding charm which surrounds it. Its real tendency is, as wo shall show hereafter, to expand immode rately the paper .currency, and to produce all the evils which usually follow, in its train. Homestead Bill Passed. —The bill which passed the House a few days ago, provides that anyperson who is the head of a.family or who has arrived at 21 years, and is a citi zen of the United States, or who shall have filed his intention to become such, shall bo en titled to enter free of cost iCQ acres of the public lauds, upon which said person may have filed a pre-emption claim, or which may at the time the application is made bo subject to pre-emption at $125 or less per aero, -6r eighty acres at $2 50 per acre. - No certificate is to bo givenor patent issued until the expiration of five years from the date of the entry and on payment 'of $lO. Ihe rights secured by the actual settler issue to the heirs and devisees, the lands thus acquired in no case to, become liable to the satisfaction of any debts contracted prior to the issuing of the patent. State Agricultural Societv. —The regu larly quarterly meeting of the State Agricul tural Society met at Harrisburg on the 20th inst., —James Gowen, Esq., of Philadelphia, ox-president, in the chair. The business be fore it was the election of certain officers. A. 0. Iliester, of Dauphin, was again chosen re cording secretary, and George 11. Bucher, of Cumberland, treasurer. After a full discus sion, the Society selected Wyoming, in Lu zerne county, as the place for holding tho next State Fair, and fixed upon tho 24th, 25th, 26th, and 27jth of September as the time.— Wyoming isjsituated in the beautiful'valley of that name, and is six miles north of the thriving town of Wilkosbarre, and eight miles i south of Scranton. .. . Tho Pbiuiahia D.ehmcroL^ itod % Col. \ 'LuviL. Tale, aud looks greatly improved, tho Colonel is a ve teran editor, but displays as much energy and spirit in the management of his paper as he over did. Wo ar i glad to know that his De mocrat is one of the few newspaper establish ments in tho interior of Pennsylvania, that pay. Wo wish him continued prosperity. Frontier Defence. —The Galveston papers of the 16th state that Governor Houston has issued an Executive order authorizing the rai sing of Minute men-in every county of Texas in danger from the Indians.- The Chief Jus tice of each county is authorised- to organize a company consisting of ten privates, tWb cor porals, two sergeants and one Lieutehant com manding. ■ , Flight op Miramon. —The news from Mex ico is important and gratifying. It is precise ly what has been anticipated. The result of Gen. Miramon’s demonstration against Vera Cruz, has been his complete overthrow and flight. Wo may now hope for the establish ment of tho Liberal Government upon a basis calculated to secure peace and order to the country. , Another Bank Vetoed-. —Tho Governor has vetoed tho bill incorporating the Mifflin County Bank. Such a result was foreshad owed in his veto of tho Mount Joy Bank.— But tho wholesome exercise of tho veto power is no restraint upon tho largo Black Republi can majority in the Legislature. They pass Bank bills and other objectionable bills for tho charter of irresponsible corporations, over tho Governor’s head, by a two-thirds vote. AMENDMENT TO THE CONSTITUTION.— Judge Bell'of tho Senate has introduced resolutions into that tody proposing an amendment to the constitution providing the appointing of Judges by the'Qovernor; in tho place of elec ting them as at present. Tho resolution can not be acted upon before 1862. . SSy The last of the military force at Char lestown, Va., the. company of Captain J. W-- Rowan, which has he'en on duty since the 17th' of October, was dismissed from service on Friday last. Out of the army of soldiers who were on duty at Charlestown, but oho death occurred, that of a soldier from Alexandria. A gentleman, who shall bo nameless, not long ago married a lady reputed to bo rich,- who not’only tinned out to bo poor, but some seven hundred dollars in debt—she as sured him, however, that the debt was con tracted for dry goods, which she bought to captivate him. Only think of a fish paying for the hook with which ho was caught. C 7” Two of John Brown’s daughters are at tending Frank B. Sanborn’s school at Con cord, Mass. Murderers Convicted.— ln Philadelphia, on Saturday, Janies Miller was convicted of murder in the first and Geo. W. Rholl in the second-degree, for killing Henry Quckor. USf’The State Capital!-grist-mills, at Har risburg,’were totally- destroyed -by tiro on the night of the 19th iirst.‘- Tholoss is reported to bo a heavy one.- A. merchant at Baton Rouge, £a., was arrested for vagrancy last week.- In five yrs. ho had gambled away a fortune- of $150,000, and was rcduoed : to absolute destitution. THE FBEE BANKING BILL. Iho bill entitled “An Act to establish a system of Free Banking.in Pennsylvania, and to secure the public, against loss fr6jn Insol vent Banks;" “hoving-pasaed fho Homo, at Harrisburg, is now before the Senate have heretofore expressed our opinion on,th measure, and the longer wo look at the sub ject and the mole wo examine it, the more firmly are wo convinced that the project is wrong in principle, and unworthy the confi dence of the people. It will bo remembered that when “honest Fkank Shuns” was Gov ernor of Pennsylvania, ho opposed this Free Banking measure with all the power ho could command. He convinced us, as he did the people of the State, that this system of bank ing was neither safe, honest nor expedient. The following article bn this subject* which wb take from the Philadelphia Pennsylvanian, meets our views, and explains, in plain lan guage, the object of the bill under considera tion. The Pennsylvanian says! The Act under consideration, so for from establishing “u system of free banking, only facilitates greatly the multiplication of char toredbbrporations, with all the privileges and immunities of the Banks at present existing, by investing the Court of Common Pleas with the power of granting, upon compliance with certain formalities, charters to any three or more associated persons, which important power was hitherto entrusted to the. State Legislature alone, subject to the Governor's veto, and while under the present System it is left to the Legislative body to judge of the necessity of any addition to our baukmg in stitutions, the Court of Common Pleas would have, according to the Act, no such discre tionary power, but would be compelled to grant charters in every instance of a,compli ance with the provisions of tlio act, whether such tend to the benefit or the ruin of the community. If “free banking’ had been the object of the framers of this bill, they ought, to be consistent, have proposed, not the in definite extension of chartered corporations, but their abolition, and the repeal of the usu ry laws. Under the operation of their act, chartered banks would grow up like mush rooms all over the State, which is-not exactly what is wanted. The people dp not complain that the present process ot chartering is not expeditious enough. They complain that too many, chartered banks are created. . According to Section 15, the 'total capital stock of a bank under the “free banking sys tem,” need not exceed ?50,000, of which 2,0 per cent. “ shall he paid in gold and silver coin, or their equivalent, one-half iff lohich. 20 per cent., at least, shall he in gold or silver coin, and shall he in the actual possession and hon'd, fide the properly of the bank at the time of its commencement,’’., etc.. Anything may bo re-, garded an “equivalent” of gold and silver coin, and so the requirement of 20 per cent, is evaded, and the amount strictly required in gold and silver, to commence a bank, limited to the small figure, of §5,00l), the capital stock being §50,000. . This stock.it would seem, mfiy consist in anything, so it satisfy the Court of Common Pleas. A discretionary power of the greatest latitude, and immense importance, is thus given to a .few Judges of an inferior Court, and the danger is, that'thc temptations may prove too powerful, arid turn these Courts into centres of corruption of the worst description. • ■ The seductive feature of the “free banking” act, however; consists in this, that it requires Pennsylvania State Bonds or United States Stocks to be deposited with the Auditor Gen-1 era! by thb.ne'w banks, as security for their I note issues. Now, State bonds and stocks I I are simply certificates of debt. They arc sub- \ \jcct to extraordinary fluctuations, and there-1 \ fore, not a solid substructure for a banking (system, which should' possess the greatest ;j possible stability. To, base a paper Currency upori-Sfate debts must necessarily have aton * denoy to augment the latter inordinately, i Again, when the banks are offered the chance . of exchanging otjr. State bonds for notes at the Auditor General’s office, continuing to draw the interest on the deposited bonds, while at the same time they may use the notes receiv ed for them in banking transactions, thus se curing double profits, the effect will be a fisc in the pflqo of our State bonds in our own State. Our bonds now abroad will return to us, and gold and silver will leave us in the same proportion. The tendency of the sys teiri, therefore, is to increase the paper cur rency, inflate all prices, and thus operate against the interests of labor and legitimate industry,-and as-it drives the gold and silver coin oilt of the'State, one of its consequences will be the repeal; before long, of the law pro hibiting the issue I ', and circulation of bank notes under the denomination of- five dollars, and'the'issue of-small notes to replace the ex pelled coin. Tho/’free banking system-” of New Yorlei's clonsidore'd by certain financiers a, model of ’perfection, but did “not the New York banks break down with the rest in 1557, though' their circulation .was secured in a measure, by deposited stocks. Is it only on circulation that the people,-rich dr poor, iDso'by a’fman cial crisis ?' The loan and deposit department of banks -is of greater consequence than eVertj | the circulation, and losses sustained in this department necessarily react upon; all Indus-J try and commerce, throwing hundreds of thousands out of employment, compelling them to, lose in' wages, and otherwise, sums by far exceeding the small amount of notes on hand. A great defect of the bill, now be fore the Senate, consists in this, that millions of dollars deposited in public, stocks, are to bo intrusted to the hands of a single person, the Auditor General, without any control whatever. It cannot be claimed for the bill that it will, when enacted, give us a sound arid reliable banking system, and “secure the public against losses from insolvent banks.” Meeting of Iron Masters. A Convention of iron manufacturers of Pennsylvania was held at the lia Pierre House, Philadelphia, on Thursday last. It was or ganized by the appointment of tho following officers; . President—HENßY M. WATTS, Phila delphia. Vice Presidents —Samuel J. Reeves, Phila delphia; J. B. Moorehoad, Morion Furnace; Edward Yardley, Pottsvillo; John McManus, Reading ; Joseph Whittaker, Denham ; Na than Rowland, Kensington, Philadelphia; Thomas J. Potts, Swcdo. Furnaces; J. Mill hollahd, Reading; Holkor Hughes, Franklin county; F. S. Hunter, Loosport; H. Brooke, Chester; O'.-Brooke, Chester; S. F. Eagle, Columbia; Charles L. Wood, Cambria; C7B.’ Grubb, Lancaster; James Myers, Columbia; A. B. Grubb, Mount-Hope; G. Dawson Cole man, Lebanon; T. JMVuod,-Sonshohocken ; T. C. Wood, do.; Maris Hoopcs, Coatesville- Charles R. Paxton, Iron Dale; Chas. E-. Smith, Fairmount; Wm. Wood, C. M. Clingman, J. V. L. DoWitt, Chulasky. Secretaries —D. EC Haldeman, ChicrtUos Furnace; Andrew Wheeler; Philadelphia; 11. K. Knotwoll, Chosnut Hill Iron Ore Compa ny; John Wister, Duncannon; A. 11. Mus selman, Marietta furnace; Wm. Mi -Seyfort Reading. • The following Committee on Resolutions was appointed: p- S. Kauffman, Columbia; Henry McCor mick, Harrisburg; Isaac Eckert, ’Reading; Mward Brooke, Birdsboro; Edward M. Cly mcr, Reading; s: Miles Green, Huntingdon; Edward S. Buckley, Philadelphia. This Committee reported the following res olutions, which worounaniitiously adopted: Resolved, That this' meeting approve and commendnho bill recently introduced into the iioueo-of‘ Representatives by tho Committee of Ways and Mentis, proposing to 6ub ® tl^ t ° sneoifio for ad valorem duties upon foro gn iron and other articles imported into the Um te%Molvcd, That we regard'the Eevcnth see tlon of .said hill relating to iron andthommij ufacturcs of iron and steel, as satisfactory fair to alt parties interested in the manufac ture, nut! that the duties fixed upon the prm oipal items in- tho section do not vary mater ally from 30 pcr.contum of their average val ue during the last six years, ending Juno iv, 1869, and are therefore based upon a fair rev enue standard. ' . . , -ii Resolved, That the enactment of this bill will enable tho to compote fairly with the. foreign, and that it will tend to prevent those enormous fluctua tions in the price of iron, which have, under the ad valorem system, been so disastrous to our homo industry, in inflating prices, by in creasin'' the duty when least needed, and de pressing them by reducing tho duty when llto too o S C That we urge upon our Repre sentatives iu both branches of Congress, to use all honorable means to pass the tame without delay; it being in “f ordanco with the views repeatedly expressed by James Bu chanan, President of the United States, in his annual Inossagcs to Congress. THE DIFFICULTIES IS MEXICO. The following article from the-Philadelphia Press, gives ft true insight into the Mexican difficulties, (is well as the position the United States occupies toward that distracted coun trv * Mexico has been’ plunged into anarchy al most constantly since her separation .Irom Spnin> except ■when she found temporary re pose under’the iron rule of n.military, despo-' tism. While many of her internal struggles appear merely factions and meaningless, ex cept so far as they advanced one military ad venturer to power and doomed another to de feat, the issues involved in the present conflict of authorities are Well defined, and the princi ples at stake will •ercisc ft most important influence upon the destiny of thoMoxicnn peo ple. The power of the Church has bug been absolute. It was not content with exercising complete authority over the conscience, but it owned a very largo portion of the property of the nation,, and controlled in a great measure its whole political action. While no rival re ligion has gained a foothold in that Kepublic, many of its citizens, who are devoutly attach ed to the Catholic Church, have long felt that, the dominance of priestly influence in all tem poral affairs was a serious evil, and that their country could never be restored to prosperity, until the power, of the priests was very much weakened. . I'll o''great feature of the reforms contempla ted by the new Mexican Constitution was the destruction of the ecclesiastical courts, so that priests, like all other citizens, might be tried in the. ordinary civil tribunals of the nation, instead of possessing exclusive power to regu late the conduct ai d -punish or pardon the crimes of members of their order; tor, prior to the establishment of that Constitution, n'o be lieve the priests wore amenable only to eccle siastical courts, and, therefore, felt themselves at perfect liberty to. set the civil authorities at defiance. Under that Constitution General Alvarez was elected President; but being ini uneduca ted Indian, trained to arms, he declined to as sume the unaccustomed cares of a civil office, and the Congress declarcd.Cbmonfort, who had received the next highest number of. votes, to be his successor. Comonfort, in turn, was ex- polled from‘power, and tinder the provision of the Constitution declaring that tiic Supreme Judge of the nation should hie President when the office became vacant, Juarez, who held that post, claims to ho the constitutional fil ler of the nation,.and our Govefnmonthas fcc 'ogmscd the validity of his pretensions. Meanwhile, the Church, partly, determined: to prevent, if possible, thef: contemplated ve form of making priests amenable to the civil law, and to cling, with unyieldingtonacity, to all its present, power, has Instituted in the cap ital of the country a rival Government, at present headed by Mii-amon, which,, by its military power, lias maintained itself in the City of Mexico, and exorcised control over a considerable portion of.the country, while Juarez has hold uninterrupted possession of Vera Cruz, of most of the other seaports, and boon recognised as President by most of the Mexicah States. ... The contest has been a-very ,bitter one, and many battles hav'e been fought, but the mili tary genius of Miramon baa enabled him to achieve' many unexpected victories, and to' win triumphs under'' cifcfflnstunces wh'cli seemod'certain to foreshadow’ Ills final over throw. ■ ' A few months ago tho'Jtfaroz'Governracnt, embittered by the protraefedfeontrovdrsoy, is sued a decree declaring all the church proper ty of the country to-be national property. It .is worth several hundreds of : millions of dol lars,-and, since it has been thus confiscated, the Church party has sfimfllatcll Miramon and his soldiers to stfch extraordinary efforts that the power of Juarez has been nearly destroy ed. By the'fatc attack upon Vera Cruz, Mi rampn antMiik, Spanish sympathizers evident ly suppdsctl. thcy'wonld succeed in breaking Tip the Constitutional Government,' and thus completely re-establishing the ascendancy of the Church party.". The attack, however, was" unsuccessful.— The vessels sent to aid Miramon were.captur od by the American squadron. And now,, in turn, the Constitutional armies are probably gathering around the city of Mexico, and threatening -that stronghold of the Church party. If they are successful in that quar ter, the star ot Juarez will loom up complete ly in the ascendant. But the truth is, both parties appear to be so exhausted, by protrac ted conflicts, that neither has strength enough to capture the stronghold of the other, and by a decisive blow of this character end the Con test and restore' peace to the nation. The incentives to the action of our navy at Vera Cruz wore numerous. As’our Govern ment does not recognize the Miramon Govern ment as a bona fide one, it cannot consider that vessels sailing its flag prove a true nation al! ty* and our officers had a right, therefore, to consider such vessels piratical, particularly when the Juarez Government officially pro claimed that such was their character, and when there .was some ground for fearing that Miramon would not scruple, in consequence of his hostility to our country, to permit ships sailing under his authority to capture Ameri can The reckless course his soldiers, had pursued on land in destroying the lives of American citizens and despoiling them of their property, was strong presumptive evi donee that ho woiridjript Jjo moro scrupulous on sea if ho was sufficiently powerful to plun der our vessels with impunity. But while all these considerations, and the immediate fear that if Miramon, by a combined land and na val attack upon Vera Cruz, was successful in obtaining possession of it, the property, and, perhaps, the lives of Americans residing there, would bo destroyed, doubtless influenced the action of the gallant commanders of our na tional vessels, it is questionable whether they would have captured the Miramon vessels if. the lattef half Hot foolishly fired upon our ships, and thu'S courted the fate which justly bofol them. .'s’ While those ,exciting occurrences have hoen transpiring at iVora Cruz, the treaty between the Juarez Government and our own is under discussion in the United States Senate, and lip on the ‘decision of that body the future charac .tor of our, relations with. Mexico may depend the treaty'establishes rotations of a very inti mate. iriendly, and .mutually advantageous character. Some objections have been urged to it.xwhioh, if well-founded, are very serious —bul"iPorhaps, their importance is oxnggorn °P lm ° n prevails, in some quarters, thO,t if this treaty is not ratified, and our Go vernment thusmUdo to assuino the responsi bility of sustaining '4 vigorous policy in regard to Mexico, that through tho movements of th« $ order of Knights'of tho Golden Circle, on c , I tensive filibuster organization said to p OBSCs , | ‘adherents in many quarters of our ,count rv I ond tho action of tho Texans, under the' load I of General Sam Houstftn, new complication, I will arise—that, Mexico will be invaded b, 5! hosts of our volunteers marching over tho hi, i Grande, and an entirely new phase bo gi VCI , ;; to the whole question. Nations, like indivij. sj uols, will not forever permit near neighbor, I to maintain a perpetual condition of anarchj 1; and by thoir disorders not only to bring ru', \ upon themselves, but many serious evils upon I those compelled by their proximity to associ- I ate with them in various ways. | From ihe Harrisburg Union, The Slate Committer. The Hon. Wm. 11. Welsh, who was appoint, ed Chairman of the State Committee, by tin Heading Convention, has constituted that Committee as appears below. The work of -selecting from among the many good men and true, ready and- willing to Und'-thcir service) to the party during the coming campaign those to whom the active duties of the cam paigu should ho particularly confided, wa», no doubt, a difficult and delicate task; am] 10 ( far as wo are able to judge,-the- duty has bcca , performed by the Chairman in thesamc spirit I i of tunion and harmony and concession which I I’ actuated the Heading Convention. All sci | ■ tions of the patty—if, indeed, the Democrat | party can bo said to have sections—arc'fairlj f represented on the Committee. No proscrip- F .t-ion is attempted for differences ol opinion, , and no peculiarity of opinion refused its due share of representation. This spirit is noth ing more than we expected from the Chair" man, whose only object, in the discharge of the important duty entrusted to him, was to select men who Would, represent the whole united Democratic party and labor most zeal ously-for its success. . ■ . WiLi.iau H. Welsh, Chairman, (by resolu tion of the Convention.) Hirst District—City of Philadelphia.—John 'Hamilton, Jr,, Vincent L. Bradford, J. Henry Askins, Benjamin H. Brewster, Wjn. Morgan, 11. 11. Linderinan, Chas. W. Carrigan, llnbt, M’Cay, Edward D. Cleary, Hugh-Barr, Ueo. W. Irwin, Jno. P. M’Faddcn, A. C. Cettl, Henry Dunlap, Stephen 1). Anderson, C. M. Donayan,-Isaac Leech, P. P. Magee, John 11. Chadwick, Geo. Link, E. C. Mitchell, Daniel Salomon, ' Second District—Chas. D. Manly, Robt. E. Monaghan. ■ Third District—Geo. Lanor, J. 11. Hubbard, Fourth District L. Roberts; John Davis. . ■ '' - , ' Fifth District—o. 11. Meyers, Nelson AVvi sor; Sixth.Dislrict—Dr. Chas. IL Hunter, How and L. Miller, Dr. 11. 11. Muhlenberg, J. Law rcnco OeU, Dr. E. Gi’oisomer, Ruobou lb Brown. Seventh District-—Bernard Roily, Samuel 11. Shannon. » Eighth District—ll, B. Buniham, Jackson Woodward. ' ' 1 Ninth District—John F. Means, WilliamCi Ward. - ... • ' -Tenth District—E. B. Chase, D. R. Randnll. Eleventh District—ll. A. Guernsey, S. (I Hyde. ■ ■■. ,' Twelfth District—Henry L. Doiffcubncli, W. 11. Blair. Thirteenth District—Peter But, J. Wooili Brown, John Cummings. Renbbn Kcjlor. • Fourteenth District—J jhn B. Bratton, Jo.'. W. Parker;' Fifteenth District—A. L, Rohmfort, Thoi. CgMaCDowoll, Wm. 11, Miller, Philip Dough or,ty,r J.,Mohroo Krcitbr, Wni.J), Tinas, Geo. W.-Kowncu,, Joseph (RoiiA, ■Whi. -K-.Jlvjjrß John 11. Ziegler. ' -if Sixteenth,District—Frodk. S. Pyfer, Dr. S. Parker, James W.'Clarke, Dr. A. S. Bare. Seventeenth District—Peter M’lntyre, A Hiostahd Glntx. | Eigiitbonth Distrlct—Henry J. Stable, J,! B. Sansora. ~ ' . Nineteenth District—B. P. Meyers, !!. B. Pctrikcn. . ’ ’ Twentieth District—Roht. L. Johnston, Is rael Test, • Twenty-First District—-J. Alex. Fulton, J. M. Thonipaou, , • , Twenty-Second District—James C. Clark, i Thomas B. Searight. ,f. ■ Twenty-Third District—Gee. W. Miller, A. 1 A. Purman. _ ! Twenty-Fourth Distribt—Andrew Burke, i John M. Irwin, ■ John 11. M'Cloury, Wm, 11. M’Goo, Hiram B. St, Clair, Edward Camp bell, Jr., F. M; Hutchinson, Jas. P. Barr. Twenty-Fifth District—Thus. Cuniiinghnia;- John Grahams '. y '. Twenty-Sixth'Dfstrict—Thompson Graham, 1 James W. Kerr; ■ [ Twenty-Seventh District—Wilson Laird, J. ( B. M'Farhind. r . Twenty-Eighth District—Wm. T. Alcxan- | dor, Jos. S. Hyde! By order of the Cornea tion.' , IVM. 11. WELSH, President. Ifenfy Clay on the ifuioii. Extract from a Speech delivered before tlia Legislature of Kentucky, at Frankfort, Iso- j ■ vemfjcr'lst'h,'lBso.' , , “ I’may bo asked, aS I'bdtVbeon asked, | when I would consent -to a dissolution of the | Union. I answer, Never! NwErtl! EBV- f ER 111 * * * *' * * * * * * * | It thoiigitntion in regard to tliol’ngititc Slave | Law should continue and increase, and ho- & come alarming, it will lead to the formation of | two new parties; one Tor tho Union and tlm| other against the Union. * * * * * * i And the platform of that Union party will I' \ the Union, tub Constitution, ano tub Ia - ■ FOROEJIENT OF THE LAWS. And if it shoulit I '- nocessary to form such a party,, and it slibuld bo accordingly formed, I announce myself w thin place a member of that parly, whatever i*J be its component elements," Explosion.— On Friday evening, the l ist., tile boiler attached to the engine S Smith & Dura’s Foundry in this : place, col lapsed; and loft its position. Tho noise po ducod by the ca’astrophy, resembled, verj - » much that produced by an earthquake—l ;l and rumblifig at first—then terrific, and t«i be. riblo. The boiler flow a distance of 125 yard l • ■ —crossed Carlisle street, demolishing tljti south west ond of tho sumac mill of Xlnvid Lupfer, and continuing its terrific course, en tered the Steam Tannery of Pago &. McKee.- Knocking down tho Hide and Handler houst splitting cross beams and studding, breaking heavy massive timbers) until it measured i« damaged and broken sides in the west ond » tho largo building covering the vats, in tM yard of the Tannery. The boiler weigh® l , about three tons, and is 22 foot long, ft de molished two wagons and a wheelbarrow a* ” passed over tho street. There were no' pcr sons at tho.Foupdry or Tannery, and of course, no one was hurt,- AVo never hoard of a hodcr on its travels behaving so independently fore, and had this one mot with no obstaclc|j.;j in its courso.no one could estimate how fi* r 1 ,ri would have travelled.— Bloomfield {Perry «•)■. Advocate, March 21. Approval of the Action op the Gin t Squaproit. — Washington, March 21.-y"ft Jj Government, with siioh information ns is B ° : j, in its possession, approves of tho recent y duct of the naval officers in the Gulf of M** ykl 00. The refusal of the Miramon stepmert' U show thoir colors, 'when askod to dO'bopit ~lt considered sufficient to place them in theP 0, sition of pirates. , ' W- O* Green peas are selling in' CharlosW S. C., ut $125 per gallon.- m
Significant historical Pennsylvania newspapers