fl Qz./.brfat)-sucCeeded in,,,reaching=. Buenos
:Ayres, iadd.esqaped into the '
pampas, •
To:rettfti bY,The;baitle. ' In:ltite position
tlip,,c4ontlict commenced, and the whOl6:cif
tttlines was soon' engaged in'it'lland.t6..
struggle,,whieli tasted 'several hour's
s, and ended Itillosas' front being broken And
`giving way in every direction, letiVing
qui7.o master of the , field. Roses, who was
"•thought to have been killed; but who was
',riitver actually in the field of battle, isnow
;kip; board an English steamer, whit:3h was to
tijiei`hit'n;'to'Petnambueo, where he would,
itpassible ' join 'the sitearner ntdoi, and
proceed to London.'
The foreign agents in .Buones Ayres, at
tberequ i e.st of General Mancilla, Governor
Of , thl coy of Buttos' Ay res, , waited upon
GeneralUrquiz_,a at Ptilerrno--late the
donntry seat of Rosaa'--te - iritereede for "a
:suspension of hostilities,,.on the ground
t :that? theltity wad prophred•to surrender.-
- .. .Urquiva!repliod to , these,. gentlemen that
e iithe 'people of Buenos Ayres had nothing
to:Oar from the Victors, because they Came
'...tozlestroy theaystem of terror, and to 're.
(ANEW:Ash the domini6n of the an'd
frapect'the rights of the :pFople:"" '
.01 :Fr be4opral of this answer Cotiveys Wm!
rebuke as severe_ as it is well • merited .to
6.lthatift , tuto foreign powers', who' by -their
(Rtlitiserable inefficaeious intervention,
•lihstill-prolonged 'the miseries '•of these fine
eituittries. ' . •
- le• ' , Amongst the people of Mt° who 'a re go.
wittitTrom this , clty to the River Plate by
-• :the:Trince; is General Poi, who •is at
%Ilairt about to nesuthe tha . position which
•this hiitiarible character justly' 'merits, in
vgiltrilaiw era now commencing for his
evriiaktiLloed country, the Argentine Re.
• '
Thr The foreign legionaries in Montevideo
'..have laid down their 'arms, and deposited i
~tlutrnyidthe'handsofthe goveirirnent au
.' thOrities." These bravo fellows have return.
;'eri , tartheir work and their professions
- drithla Veit "deal more eagerness than they
quitted them some years ago, to defend
the tity which gave them, its hospitality.
tliquita promptly followed up his
victory by investing the city of Buenos
'''AYrife.t• 'Deprived of the presenee of' its
Gifer'r:, arid of its army; it could not make
any prolonged defence; steps were being
taken by the conquerors to call together
Representative Assembly of all the States
':ofthe -- Argentine Confederation, for the
Artirporpeof forming that federal 'constitu
',tioti•to vithich,. for twenty 'years, Roses had
•Ibeith-fhe great obstacle. 'And 'thus 'men.
t' , pied, the
.'news loaves them.
This effect of this event in England was
ittikaitiee 'an advanee of twenty-two jer
0444 ifie nialket value ,of the Biienos
- ICOSSUTIPS ELOQUENCE,`
1„,011L the : lsth of March; , when Kossuth
1 ,,r4 to Pt. Louis, he delivered a speech
, commencing as follows. ,As a specimen l
1 ,of thelmaginative.it is, perhaps, unsurpas
qA4 taitiose, in the English language : •
4 , le.dieti.and Gentlemen= :—To day is
. i it yrt anniversary of t he ,Revolut ion
iiso • 4
; ,,in . Hungary. ,. Anniversaries of Revolu
#4o-1W almost illway[t. , connected with
the recollections of some , patriots, , death
.,linnAohat Any, like the; ,Spartans at
~., Aem , opyhe, martyrs or dpvotion to their
-, autlitifind. Almost in every cpuntry there
; ismkaMe, proud catafalk,,
,or some proud
,tote tone, adorned on such a day by a
„garand of evergreen, the pious , offering of
...patriotic tenderness.
~, I .t..spiassed the last night in a sleepless
,Fli/atNi, And my soul wandered on the
i iMittAe wings of the past, home to my
,i . lat bleeding land, and I saw in , the
Alettit9Ethe night; dark veiled shapes with
i 14.1441ettesa of eternal grief upon their sad
brows - ,:_but,terrible in the tearless silence
atliatirief,-gliding over the ,church-yards
of gungaryond kneeling down., at the
t IreK tb
egrares,and after a short prayer
! t immig;ttilcknche4 fists, and . :gnashing
,
~r , ,,thenste.pling away—beeau.s the
I / b l , hounds . o f , my, country's murderers
b li49ll , from,eyery corner on that night,
, nail kitithie, day, and leacl to prison those
dvhn,flaroo show a pious , remembrance to
~ thi a 4iettrecr Today a smile on the lips
y+ooll4..Ynr is.taken for, a crime of defi
[meal° tyranny, and a tear in his eye
f ‘ Noimlent, to
_a revolt. And yet I have
lee `with the - eye of my hetne-vvandering
soyqth'9oands peFforming - the. work of
.
ltairicitO virtue.
~ L p,i saw more., When the pious of
e rf poi ti wl , stolen. aWnY) I saw the honor.
vi dqad, 'Sir risen from their tombs, look
-4
0 g,a, the aiferings w and ;whispering gloom
jl,y,L4l'etill a cypress, arid:still no flower of
joyl, - 'Tsibere still the chill'of winter and
Oa :09M of night Over. thee, Fatherlaad ?
14 : el A":wp,net yet re v enged?" and the.sky
Im th#.Tst reddened suddently, and boiled
44,194adY Iktines;andfrom the far, far
v , 7 - , lightiting flashed like a atare-spag
, ' , j', '- ipri; and within Its light a, young
eaVemonrited . 'end. soared towards, the
dloody , Ainmes,pf the cast, and,rts.he draw
~Pii.#,,ttliorit his approcbi ng,' the . bloody
_ r flalnip„Changed into a radiant morning sun
0
.0.", loice from above ,was heard. in
. 10%yerr to-, the question , of the 'de:Ad:, ,
~7 , ,,,r,t Ilea, ri yet ,a short '
whileminels the
rev , I I
,will - make the stars of the west
4
~,1 1 04 *,
.11,, of ,eastl---and when; you :neat
• iir (t ki ; „. YAWk....4111 :find the fl°werof .iOY, upon
(1,1i. , A.P.. , - ' , ......0rt . . - , ~ ,: ,
{ ., 1 ,: g 9kncltlie dead tpolf the twig of cypress,
bcoUp'efresurrection, into their bony
Am* and lay dOwn:!
. ,_, , .
r , ;
. prTo daunt a ','Sop. upon an ordinary
*.,country road, ;,.requires: a. 4.4 'pull" of one
.ittunilred and forty seven vounde ; u pop' a
.Idatitidantized roadiixty.five pounds; upon
ROss pavainent,thirty.tit reit pounds; upon
roads t only twenfy.throo pounds.
with a man when he is
80 him firm
reet• an t eii gl!P4ira _e4viPb
19 2 . 1 1;P f . 24 4 1 .4 1 , 4, .t r
VETO MESSAGE.
7b the Senate and House of Representa-
time ofthe Comnzonwealth of Penn'a•
GENTLEDIEN No. 500, on the files
of the Senate, entitled "An Act.to incorpo
rate the Meadville Bank," with'a'captal of
$lOO,OOO, has been presented for mycon.
siderationi together with others,' providing
for the establishment ofsundry - new*hanks,
pq locatedes Tollows,,t;fo wit at
Pittsburg; with chpitaf of - 300;000, anoth
er at Allentown Lehigh county, with a
capital of $150,000, another at . Erie with
a capital of $150,000, another nt Carlisle,
with - a capital of $lOO,OOO another at , NeW
Oxtails Lawrence county, with a capital of
$lOO,OOO, another at Tamaqua, Scliuyl
kill county, with'4l capital of $100,000,1
another at Mauch Chunk, Carbon county,
with - a' capital of $lOO,OOO, tinotber
Phomixvillei:Chester County.; !with* Capital
of s2,oo,oo3,another at IVlonongahelacity,
Washington, county, with a capital of
$I00,000,•also, another, io . add $150,000
to
,the 'capital . stock of the Bouthvva!' k
IBank in' the Confity ef Philadelphia.
Since' the General Assembly has thus
indicated to me dick views on the subject
of increasing the banking (what of the
State, I have given the question, in all its
bearings, my most anxious censideration;
have contemplated the
. probablo effects of
this Proposed measure upon the interests
of the whole, people of the State—upon the
laborer, Mechanic, farmer, merchant, and
manufacturer, and bringing to the aid of
my judgment, the lights furnished by ,the
past experience of the country, I have ar
rived at the conclusion that it is my solemn
duty, however unpleasant, to differ with
you on this subject. To dissent from the
wishes of the representativCs oftho people,
on .a question of
. public policy, is painful
to me in the extreme, but ,to shrink from
the responsibilitY of performing a conscious
duty, would be cowardly and criminal.
In returning so large a number of bank
bills, without my sanction, for the recqn;
sidemtion of the General Assembly, I demi
it right that I should present my reasons
for so doing at length, in one message,and
have reference to this as applicable tetheso
measure's severally.
On assuming the duties of the Execu
tive office, I distinct(); announced, "that,
in my opinion, no pretext can , justify the
creation of a superabundant amount of
paper mane!), and that it was with painful
alarm I have witnessed a growing disposi
tion in the entire country to increase the
use of this medium on a small specie ba
sis, regardless of the inevitable effects of
the large accession of coin which Califor
nia is furnishing to this country, and the
world. Every people should have a cir
culating medium as a matter of conveni
ence, and should have whatever amount
the transaction of wholesome business af-
fairs may demand ; but unfortunately we
are too unwilling to stopat tho proper point
in the creation of this medium. That as
coin becomes abundant it should supplant
and render unnecessary the use of paper,
is to my mind the plainest teaching of
common sense. Such practical effect is
demanded by the true interests of the
people." .
The sentiments thus announced, I have
long entertained; and their correctness is
the more confirmed by every day's expe
rience and reflection. I should, by assent
ing to these bills, agree practically to re
verse this doctrine and maintain that as
coin becomes abundant, the paper medium
should be increased. This position would
be so manifestly unsound that argument is
not necessary to refute it.
The proposed new banks would add to
the present banking capital of the State an
aggregate sum of 81.550,000, or over - ten
per cent, on the active capital now in use,
and thus swell the present amount. of our
paper circulation to the extent of four or
five millions.
Whilst I am not prepared to say: that at
the proper time, a bank might not bo use
ful," if properly managed, at some of the
points named, 1 have had no difficulty
whatever in satisfying my mind that there
is, at this time, no real necessity for such
an extensive increase of paper money, nor
diet if such increase were permitted, the
effect would.be prejudicial to the true in
terests of the mass orthe people, and that
it would exercise a demoralizing influence
upon the business affairs of the State.—
The immediate effect would be, I have no
daubt, to !!!itiliancethe nominal prices of all
kinds of goods and property, by thedepre
ciation of bank paper, stimulating thereby
a spirit of , wild and fanciful , ..speculaticin,
begetting prodigality and idleness; the le.
gitirmite fruits of an inflated currency. All
violent movements on this subject, aro un
wise and especially injurious to the 'lowa
ry 'citizen. Experience has demonstrated
that all , sudden expansions and contrac
tions of a paper currency, exercise a 'pre:,
judicial influence on the real•prosperity of
of the 'country.
,Such sudden convulsions,
it is . true, are sonaetim!s turned to the ad
yuntage'ef the shrewd capitalists, but , the
unsuspecting farmer or mechanic, enticed
'from his safe pursuit by the fair promises
of the expansion, is crushed in his now ex
periment, by the, violence of the contrae ,
If it be true, that, "experience 'teaches
Wisdom”—and ,none will doubt this—the
People.ef Pennsylvania should, be' wise on
this subject, and 2q,mere reference to, that
experimeut,lt seems to me, should be sul:
ficient to awaken them to the danger of the
measure in question.
The, censequences of a similar policy,
adopted in 1814,, regardless of the admo
nitions, pf the s agacious . Snyder, are still
remembered by, some who, participated in
the scent:mot. those days,.and are. known
to all 'of up as a dark page iii the history of
the §tate.,Let no inari.flatter himself with
the hellerthat the, same 'cause will not pre:
'duce.the trame
,e,ffect,, in thenfutnre, that it
Yeq,i l cO9 t'Aoilast.„ tonntry, if
true, is nowinhabited by a new generation;
rinl:ol.9,lllturo of. man, has:undergone tie
jAftcP.Jl l oflayft of Snyder...big:lo4
pulses and objects are the same, and the
laws of trade are unaltered; and assured
ly, if:we rush into the errors of that day,
we may justly anticipate a similar retri
bution. Nor is this the only pmctical.dem
oastration of the danger of the propeeild
be found in our history. Who
not remember tion)c.thing of the 0 6 7%
dit on' oftifiliirtilittOxisted ihroughout'fito
Whole extent of our, vast country during
the years 48344,3 - 5—'36; Who has for.
gotten the warning voice of the patriotic
Jackson, admonishing the people against
the consequences , of an inflated currency
and an unstrainod system of credit,, which
then pervaded' our business eireles,and af
fectod deeply domestic • arrangements. —
But his warning was not heeded until it
was too late to arrest the evil. ' The great
bank .expansion of that- period engendered
a spirit of desperate speculation and habits
of prodigality which
,distinguished alike the
career of States, corporations and individ
els. And who can , conternpltte, withet4
regret iand shanfe, the disgrace and,mise
ry which followed as a llegitimate cense
quenco. The imaginary fortunes of indi
viduals, were diepelle'd as fog before the
rising sun, and, the, , of , the specu
lator were rent asunder as cobwebs be
fore the torrent of revulsion that ensued.
States,. corporations and indiViduals wore
prostrated beneath itAweight—their plight.
od faith becoMe a byword and scoff, and
their credit was hawked about in the mar
ket and' collided for a mere fraction of its
nominal value. Whilst the unwary citi
zen who had been misled by this artificial
state of affairs including widows and orph
ens, whose means, under the force of the
delusion,had been invested schemes purely
speculative, found themselves houseloss
W and penniless upon the charity of the pub
lic. Nor is this all. The effect of extend
ing the banking capital of the State, in
1830, by the charter of the United States
and other banks, from a little over four.
teen to exceeding fifty millions was scarce
ly less disastrous. The consequences to
our state credit, to the trade and commerce
of our metropolis, 'to the interests of all
classes of our people, and the honor of the
Commonwealth abroad, are topics too un.
pleasant to be discussed at this day, and
I only allude to them as ao many admoni
tions against the tendency of the effort
now making to increase the amount of
banking capital, evidently calculated le
produce a somewhat similar state of of-
lairs.
These expansions are delusive and un ,
profitable, and as shown by their past his.
tory, clearly inimical to the rights and in-
Wrest of labor. From an able report made
to Congress on this subject in 1849,1 have
gathered some very interesting facts,
which =speak a language that' -cannot be
misunderstood. They are to the effect that,
from 1834 to 1830, the increase of paper
currency is the United States was near 48
percent.—=that the advance in the price of
that kind of real estate, which was con
stantly in the 'market, was over ono hun
i dred per cent.—in stocks; real and fancy,
aboot one hundred and twenty per cent.—
in flour, pork, corn, &c., about sixty per
cent., and in the price of labor, the source
of alt wealth, but a little over sixteen per
cent. But not so when the contraction
comes, for then labor bears the first shock,
and depreciates most severely." In every
view, therefore, is a fluctuating currency
prejudicial to the interests of the laborer.
Labor is the la'st thing to raise in price,and
does so least, with an inflation of the cur.
rency, but suffers first and most severely
under the contraction. Besides during the
times of such inflation, the laborer is forc
ed to receive his wages at the standard
price of a sound currency, in that which is
depreciated, and purchase his necessaries
at the high , prices consequent upon such
depression. Such expansions, in addition
are adverse to the real prosperity of the
country— retard rather than advance it.
The artificial growth produced by the ex
pansion is more than counteracted by the
paralysing influence of the contraction,
and the aggregate prosperity is lees than it
would, be were the country left to:its steady
natural advance.
But, how clearly impoverishing is the
effect of an inflated currency upon all our
State and National interests, now closely
pressed by foreign competition. It virtu
ally opens'ous ports to invite such rivalry
against all these pursuits, and no rate of
tariff that the wisdom of Congress can de
vise within any --reasonable limit, can
counteract 'its influence. It greatly en
' hapces the nominal prices of goods and
commodities in this, above what they will
bear in other countries, whilst at tho same
time it retards loathers than fecilitates their
production. It thus gives the foreign pro
ducer the opportunity of manufacturing at
tfie low rates of his own country, and sel
ling at the inflated prices of ours ; for he
.receives', his pay not in our depreciated
I paper - but in gold and silver. It is this
state of the currency, more than any other
,feature in,the policy of this.Ceuntry, that
enables the, foreign manufacturer to com
pete, if not to undersell, the. American
producer in our' own markets.
.But whore is the evidetce thatsolarge
increase of the banking capital is required
and why authorize such an increase all at
g one time!' During' the official service of
my. two last .'predecessors; coffering a
riieriod.of nine years, but 'four new banks
of kerne were"'created; and 'when has
! Pennsylvania been more' prosperous than
during that time When, • sinde'first bur
thened by her heavy debt,
did • her credit
stand higher?.' And - when Aid the labor of
her citizens reap a. better reward? She
has, 'during the:whole time, stood erect,
maintainedi her faith; 'and by' the . proper
exercise of her Own inherent elementS.Of
Wealth, has been 'steadily. extricitting her=
self fronytheiembarrastiteottibrought upon
her by. spirit of prodigality, transfused
throughout thembele countryns.tlW Con
sequence of the expanitonsotptifier nie'tieY
,tcr whlth,•l h4O 'already t:ieferred: ." "`
Thera iu nicatteige 'of
'capital in the State: of which' about four
and a half millions of dollars are invested
in stocks, bonds, Ike., a business not neces
sarily connected With banking, nor con.
templated in the creation of batiks. This
fact furnishes somb eindence that at times
there had beevnore banking capital than
the legitimate &Open of the!te instituticr?a
seemed to require; and certainly ; there is
nothing in the preseat condition lof • the
country to justify so larg an 'accession to
lour paper medium. -
The present period is ono distinguished
for the great abundance of coin. The
mince of California and. Australia, ;have
reddently been contribating to swell inord
inately the usual supply which other parts
of. die world _still ; continuo unabatedly to
furnish. Money is unnsually plenty in
this country and has not been so much so.
nor •so cheap in Europe, for many years
The hank of, England rnOw;contains the
enormous,surn , of near ,ninety - millions of
gold and silver, whilst in France and poi.-
land there 'is an evident excess above, the
demandi of busines. In the (hilted Sates
WO . have a full supply, which : is now be
ing rapidly augmented by new receipts:—
These receipts, as I learn from reliable,
though unofficial sources;.by importaiton
and coinage, for the months of January'
Vebruary and March, amounted to 'over
thirteen millions and a half, leaving in this
country, after deducting all exports .0
specie, for the same period, a balance -o
near seven millions of 'dollars. This ratio
of increase Would soon double and . , treble
the whole capital of the country. , And it
is worthy of remark that this great ln
crease of gold coinage is ,beginning to
awaken the inquiry'as to what is to bathe
effect upon this great standard of value,as
compared with other coin's or circulatipg
mediums. The effect of this Superabun
dance of money on the business affairs of
the'country is already being made mani
fest. The signs of the times, it seems to
me, indicate very clearly that we are ap-
I preaching a penod of more than natural
prosperity resulting kern this excess of
nibney. The mania which prevails for alt
kinds of business and projects of improve
ment, which 'require the investment of
large sums of money, is the evidepce of
such a tendency in our monetary affairs.
If then, we aro to take counsel from the
past, and the indications of the present, we
must believe that this abundance of cur
rency will, of itself, produce an inflation
of prices and lead to speculation and prod
igality. But such artificial prosperity
will be of short duration. The re-action
will as certainly come as that tho EMI will
continuo to rise in the east and, set in the
west; and, unfortunately, when it 'does
come, the innocent and. unwary who have
made least in this game, are forced to
suffer. most. It is wise tnen, in •full view
of such unmistakable indications, to has
ten this state of affairs, and aggravate the
evil by an improvident increace of paper
money? Shall we so far forget:the severe
lessons which have been heretofore inflic
ted on this noble State? I trust not. I
do not say that it may not bo proper at
'some futtire time to charter new banks at
some of the points in the State, where it
is now proposed to locate them,; bnt I
most sincerely believe, and I express this'
belief with the utmost deference to the
views of the General Assembly, that the
present is not a propitious period for an
increase of banking capital. Lot us first
see what is to bo the eflet of the increase
of gold coinage and the abundance of mo
ney to which I have already alluded. It
is prudent, at least, to remain on the safe
side of the question. There is no danger
of tho real prosperity of the State being re
tarded for the want of paper money, and I
have never known the people to suffer from
such cause. Our currency is now as
sound as at any other period in the history
of the Commonwealth, and her prosperity
and growth resulting from the energy, in
dustry and enterprise oilier people, equal
to that of any of her sister States. • Artifi
cial means to improve this condition,
might readily produce the reverse result.
I think the aggregate , banking capital of
the State large enough, and; that of the
whole country too large—much too large
for the welfare of those, pursuits closely
pressed by foreign competition. But the,
great monetary movement ,. which, at this
time, would seem wise and necessary, is
not within the control of a single State. If
this, were so, and Pennsylvania wore that
State, I have no hesitution in saying, that
I should . not, during my , official career,
sanction the charter or re-charter of any
bank. It should be my purpose to reduce
rather, than increase the paper circulation.
But a single - member of this confederacy
can do but little more then , show a good
example and invite immitation on the part
of sister States. 'Situated as we are, there
'fore, we can only make the, best of the
circumstances which . . surround; us—re.
strain the evil and promote the good,, so
far as the influence of the State may, go..
, I Lave not been insensible to the force
orthe reasoning in favor of of establishing
hanks in particular localities, as a medium
throegh which to conduct, heavy business
transactions, cad : I should ' not object to
su in-
„ .
tutions for this purpose, ;with ,ell the at
tributes of a, bank except the right:to create
paper .money. It is urged also that cer
tain localities, need, what are called, banking
facilities, that are now without:such-_ac
coMmodatigns, and that • woe, or all of
I ,lbUse bills are ; only intended tocifford to
such. Places . t hat which has. already: been
extended t,others. I . ate: free to anmit
that,there are, localities thus situated;. and
that it is intended,. by ,thp.bills in question;
to ; supply same of thesep, and !Were it .prac
ticable to , afford: to , ken these facilities,l
without increasingamount or
it 4
, e _ present
•P'E'F'Pr Inune.Yl -0 F • other , words ; if, this.end
could be acco Oohed by ,takingt from lo.:
,calitles that ow tuknifestly, hnve4ob Much!
the evils .01 ! an , innnalte.Of banking capital!
rrhic,b,l.hriye apogean:4,4Pa. not apply:
- PO F,linnßty , tn InY .041 1 4),I.bejustiffed, tha t
tiny Inconvenience euffprcil by . cerinin‘lo
oplities, A. 94 , f , AtlVlrdfld:Lua,.forairtottal
to the important considerations that seem
clearly, at this tint°, to weigh any
bacteria° of the_
paper medium of the'State.
This complaint may be gradually set at
rest, hereafter, should the considerations;
against an increase of capital contlritie;
by
refusing, tw)re•challer bt4nks in ,localitiOS
where there't's naieieris,'Uf such facilitila
and JiiiitriOtitig theni m other quarters... 4.-
But the utmost care will be ;leeks
sarY,'" for' we have -learned by sad-experi
ence that it is a dangerous policy to locate
these institutions in a region of country
greatly deficient in - capital. I need not
call to', mind ',the numerous 'inStances in
which banks, thus located, have misled
the business community, by their promises
to pay, without a dollar' in their vaults, l
and then exploded to the vast injury of the
people:"' They aro so many argument's to
sustain the truthfulnesiof this position, oqd
nothing , but my , unwilliagness to -excite
unpleasant recolleetions,restrahis me from
pointing out
,the particulars of s some of
these occurrences. But &
, I wit they may
not, on that account;escape your reflection.
A bank created fOr,the" use - only of those
who desire 'to become, borreivers; cannot
answer. ! Tho mere corporate franchises
cannot give it all the elements of a
,4ciod,
bank The patrons, of such ', '
an institution
must put money into its vaults, before they
can draw any ottt: In other langinigeilf
a peirticular locality be 'poor, it •will not be '
Made rich' by the possession' of d-bank,
possessing no betterAualitiesthaa the right
to Make paper 'Money. There must he
not only a necessity for' such an
don, hut
,legitimate business and wealth in
such locality to' sustain it, or the probabil
ities are that, the result will be disastrous.
It is'not•always a good
,argument in faVor
of locating a bank at a given point, to Say
that it is difficult to get money at such a
place. • That may be the very reason why
public interest and safety would forbid
such location.' , Besides,. it is to this dart:-
oulty, to a great extent, that this coinmodi•
ty is indebted for its, value, I am quite Sure
that if it were made sufficiently abundant
to answer the views of some political econo
mists,
it would neither be valuable nor use
ful. The advantages resulting to the par
ticular totalities in which these institutions
aro found, are as a general principli3, great
ly overrated, I can bring to review in my
mind a vast district of the State, embrAcing
some eighteen contiguous counties„ all
flourishing and prosperous, in which there
is not to be found a single bank issue, and
yet 1 do not see that these are less pros
perous than counties favored with many
banks. A number of the counties, within
the range to which I refer, were at one
time favored with banks,' but these insti
tutions have failed and gone out of exis
,tence, and I cannot perceive that such
counties are less-flourishing than they were
when their respective banks were in full
operation. This seclusion from banki, it
should be remembered, is not without its
'advantages. The people of such regions
are perhaps fully rewarded for what they
sutler in inconvenience, by the protection
they thus enjoy from the force of commer
cial revulsions. What they loose at 'the
time of a bank expansion is more than,
-made 'good to them by their escape from
the full force of tho contraction. A little
reflection on the occurrences, during the
periods to which I havo repeatedly made
reference, will satisfy any one that this is
no mere fanciful idea but a clear practical
truth.
I have thus, gentlemen, performed what
I regard as an imperative duty. Should
subsequent events demonstrate that I have
erred, I shall at least have the consolation
to know that such error is of the head and
not of the heart.
WM. BIGLER.
Exyce TI V E CITA NDER
Harrisbprg, April 20, 1852.
SAVE YOUR: MONEY.
CHARLES P. FREEMAN •& CO-,
'Jae, FREEMAN NOVO ES lie CO.)
IMPORTERS AND JOBBERS.
144 Broadway, Ist door below Liberty st.,
SZ/ 'cow 'ca . MIXIIXS.G.
UA Vl3 now' on hand. and will receive daily through the
season; NEW titiOla3, direct Com the European mon.
ufaotnren.an AUVI lONS. RICH FASAIONASt.E.
FANCY SILK MILLINERY itiVOL/S, Our stook of RICH
EIIIBONS. commutes ever , - variety of the Our
and most
beautiful designs imported.
Mons of the rods are manufactured axberssly to oarorder.
from out own denims nod potierns. and stand aarivailed. We
offer our goods for NETT CASH. at lower lima than ant
credit house in America can afford.
All Dumbµen will tied it (read! to their interest to reserve
a potion of' their money and make selectioni from our great
variety of RIt.:11 CIIEILF GOODS •
Ribbons rich for Bonne% Caps. Sashay Vinci Belts.
Rootlet Silks. tiatias. Crapes. Lime and tarletons.
Embioideri.s. Collars. Oneralsetts. Capes, Moths'.
Habits Weevil. Valls. Engravings. sad laetrile gs.
Embroidered Rae lire, Loco, and Idercutitc4 eanahno
Bloods. lllasioas. awl Embroidered bocce rat Cep%
•liouitoe. &halms. Vidiacreste.. end Brussels Laces.
Engdsh and Wove Thread. Smyrna. Lido Thread and Obi,
ton Loons._
Kid. Lldahreadßilk and Sewing Silk. Gloves and Mitts
Yarnell and Americas Artificial Flowers.
French Lace. Haigligh. American and Italian.
Nyasa Bonnets tuid Trimmlup. rn arch '2.5. WO.
,-•---
Millinery and Mantua Making. • .
MISS. FORD & MISS HUNTER,
RkI•PELITFULAX annonace to the lathes of Cleattlel4
avol vicinity, that they hove oomosesold the buelates CI
Making, Reparing,And dolloping Bonnets
Black, Making Dresses, Caps, &c.,
and mw be foetid is the shill) ddjoittlea the reatdettoe of Wte.
J nemuhid, on Front Wee!. • •
They hope to be fevered Oh . e !Moat 'hereof coo bUo oat
:wane, actbeir work will.tes dotes to plow *ma on the wet
toluotteble taw. , ,18571..
1:
rjrt:r..l o
DB; 'ERDMAN - P. TIEOMPSON,'
• •, •
S AVI NG located, in Corwenntile, offers
.i%JIM Ms professional eery iceito the citizens
) .nt that place' and he surrounding country':
L ,When not wofessionally engaged, he will he.
four.d at the office formerly occupied by Pr. ~
J, , C, Richards, of at 'Scefield's hotel:. a Calla
ty viill tto attended to at nil z. 0p.,3,"81
MARY ANN HICKS. • In, th e conniorr fleas of
• :. vs, - • t • Clearfield co., N0."38 May
, JOHN HICKdi . Term 1852.' ,. Mille subpoe.
• • • • •nu no divorce. . ,
Wilde a c jILEEEDY GIVEN to the Deresdata, ibat
, the Vow Lowed* rhea oreleattlel4l Tsar hark
tasted a ll s AY thr i l i tn i Antras i tir a thi e 4 l 3l:,
'I pal li d to NO and ,asPaar ha. me f 00PA. lit tho
re .or
sitid writ: to shim' anal. If Or bat why the l amb
should sot have a Dome is Divor ce ,
.ir Mr Alsr.s , ,, i . ; 4rl' !if
art4eb begat take gotta*. ~ ~.., ... A ., n ......... n.
, ets'erttreaito.atia•nohaNtillisr . " v t . '9"-
flSticP talgqaTerk
At 4PASl...rpta p r i ir.4,47.x.ElffttlirMs
oa of _da xszt.
,pg io aim
Istal u t i r
of sodouvg i r .By or . dips
sim m own * vetAtisto ,c
tith l . •O. u.. GOODLANDER. 01 k. ;
' .,, ;3l4 . filit'i4fl.tiiiiiiliiii*.
Olifortign anirtomealle Merchandise Inlatitiih'.
field COilittf,for ttit-peir ISt.
BELL ',TOWNSHIP. ,
.71.0039 s MuGlhos lap.: no Moor.: :I ;AC!!
. Jolla O. Kiddy % do 4 i•ti
I.' • v. tit, wait _ 'do
Thorns, tiauew: itatiou, ••, • • i • two
BURNSIDE. TOWNSHIP:
- _
, Dowler & Ake', ao Hanel. - do'
Cummins. St 444baup.. 0 0 . „ . 14
James iderdo.ry do goo
Jt,hni'otahin. dr Soul. . • 4 do
BECCARIA. TOWNSHIP. "
Patella & Smut. Liqout. do
Carter St linucook. •do .!. •, 14 do
" d i O lti°B 11 do
-
set.. 4 'do : 14 40
BRADFORD: TOWNSHIP. •
, •
• "
. BOGGS, TOWNSHIP., ' •
B. M. t3tevenionlk. Id
1. Barrett. do 14
BRADY TOWNSHIP:
r.vv oi rtrxt, so liquor.,'
tiatuttat A could, do - 14 do
It. 11. Iduoro... . do 14 •do
rrodeack Atnota. , do '
• •
CHEST' TOWNSHIP::'?
Brody & Itombaoo4, oo,llltotri. 1 1 1 1 1 1 '7
He.
to . dr: 34'
COVINGTON TOWNSHIP.
14 . do
- John If. ttarroolot. , do , • ' 'ld do
J. P. Ricer, ,do . 4 • : 0141 d*
Lori Lo.s do 11(1001 do
CLEARFIELD' BOROUGH:
A. K. Witold. no liquor. '' • ' )4 "I o'- / .
Leonard Br. 410040. , do 19 do ; !
Walla°, ta 111114 ' .• do " - 19 -do '
J. L. litauteN , . ,
.do , 11 do -1
R. td. MO. l4 do ,
U. Ktaiz:r. , -, •-. 4 do '''t ..
I,a%id WM/units. do 64 do
B. Mr sop.._ _ Iloilo. • . . 111 .do ~ j ;
OY 0%1 tin litififl..-11. Moab, '' a do • •
CURWENSVILLE tOROUGH.'''p
'mann woiride, .nu liquor ' 19 do '' A
dt
Widin It Bloom, Honor. 1$ ,1 do , 1
Isaac Rooth, • do ' 3 do
DECATUR TOWNSHIP. 41 ':
J. G KG. If. Filthier. to lignite% • 11 do'
1
. FERGUSON :TOWNSHIP.
Wm.U. Batter,. - nollonor. ; • 14 , do -
John Y. 11c)1. , 14 do
GIRARD TOWNSHIP.. •
T. 11. Fulton. st Co. no liquor • 'l3 "do '
J. rattnin tr. Eons do , . 14 do.
Minita. Leconte. liquor.. • 14 'do
GOEHLIS & Eons DO Lion= 14 co'
111.1ert/N TP.— .U. Wing. eo do 11 do
JOADAN Tr t ...-Jont M. Coale. .do do 14, do
KARTHAUS TOWNSHIP.'. :•:./
Rosa & Feernso. no Ilgoos : 14 • do
11,1/. tt Co. do 14 do '
Edward AleGarre? eo , . 14.' do r ,•f
LAWRENCE TOVMS HIP.
Wm. Addliian.jr.. Ai Co. no liquor 14 do
James Forint • oo liquor 14 do '
MORRIS TOWNSHIP.
finvisviv.t.ar.
(3). . •ztoligtior. 14 4 do'
T. J. MOM, d o
d-• •14 do
GTO ef.. !Odium. do 14 do
James& Bro. - do 14 do •
al. Leonard. ' Num. 14 do
PENN TOWNSHIP.
Robins lb Mendenhall. no liquest. 14 do
luso :Smith. Ilona , 'MI do
PIKE. TOWNSHIP. .
Eilvalrijo., • ao . 11 4/ •
John a _
il. Pottnia. ao ' • /* do
Grooms 11..tuty. honor. • 14 go
PATENT 11E1111:11 , 41 1 ,-.1 ff. 11. PON , " 4 do
UNION TOWNSHIP.
11 W.Move.... liquor. • ' 14 do
Henry w mint. no. co 14 .do
..!
• WOODWARD TOWNSHIP.
. , .
lAtle & Hoot:. , no liquor. . 14 do • •
Joseph Kemp. do 14 do. p
I do he,eby ant& the above to be a cortint Int arias*
milers of Facia' end Ilamostio bJetrdinodise so Oeeddsl4 eel
for dm year KJ. J. )11N. 1. t.UTII.I.‘ Met. Aeptlait, :
Oa Wield March 19. 1154. ,
lam' An Apples will b e held it the Comminkmerso4lvidi
the 1301.13/h orefeettleld en Meador the 11.h..1 slel non ;1
,
PENN HON FOUNDRY;_, •,,
Machine, Pattern, and Blacksmith Shops,,
Clivrionn,
1 - 11 g :underslared weak! annul:see VI the leitleweal'
lefiralllid, Bud 11.1tOittiOg counties, that POMP °Atoll
lemon Necsad street, in the borough of Cloartield.aqtper
store of Leopard a biome, wheie be ittends: itwitist
GENERAL. AISORTMENT 0415TINU8. wanairel
to ba made rf the bast material. and at prides that ease* f
to mane. Ilse (entwine co nye • p_rt he stock on buds;
Ft Alt)reAla COOKING 8 rt.& VS. foe • MUM
%Wed or Crial This Burn has yribably the largest Wm
ducting' of any other • lam di stunt's. it bin sapenedell
alm•st every coring . the well known Hathaway wit%
lai atones. It is 0111111 Uedetsiood, tad the flues:tei
arranged that all can be doped without any udulesli
peculiar form end mionsituedlon is auBi ar to ' teadet It
mast durable ol all wives. numerous testinmaish ose
be oiled, bat it is damned an - ecesta . y.l
turßoveu PRZHIUM COOKING STOVES—kt Irak II
to CAI
PM:1.641K STOVES—'or either wood or oral. - *:
Aitt-T1 do
Blt LA MANGER do a beautiful Canter*.
VA le do
EO do
14 H
. I . :tp & TEN PLATE. Stoves—very cheap.
ilitiVre UK ATE'S, with some oircei. A !argil wadall •
aadsuomiorfnishal GlCell I WM 1.1 to
CXAMMUN GRATES. all ohm •
PLAIN ANL OItivA%IENTAI. RAILING IIOLI.O •
WARE; OVEN IitUUTHS: GRID IRO N S. WAIT
do WALK 1.1EA51.1 WAGON BOXES.SIEIy,IS
ht RUettM oOLES, (JAR. ICINGS for Gaffs. tiOA 81.1,:
,6 14
Eel, new article. CORN SLIELLERS, OU 5
' 11,11.1.5. werrnmel to gybed 15 Hut Isms mg ho
BI.ACKw3IITII 'EU Y EKES. the bed In um; do
and 'IIIIE RENDERS;
Togettna wan Me usual valet of, artic:ne kept YoAa4tl
Establishments.
Also, Made to Order, I ' •
GRIST and HIW.MILL. GEARING-6%year decidedly
tarp ;tuck. and brat vow.; y . at yntte,yo; at SOY erablisli.
meat in vrettrln l'enasylvenia ; MILL. EGGS. SHAM
liti—large end react or wrought iron. H ANY OK
HIM /Ai mud l'UtslslM; Roos arid other ispotorod.‘Valer ,
WisEELS: WtitH/_and snot* i5A11111.3.. a1.0111E114.5' 1
rut Oicalar Siwl. W JOH BORING 6111.Pi/NES.
Constnritly on hand and fo'r L qaie,-
FArININO MILLS. 71IEESRING MAEHINEII..,IIS
NvCls.'l3 1.1111.114.15 AWED GRAIN pitua.,l3./ko,sik )
. • Sgrow?Cutting..
AN, sized Boresr, with ant defiledumbel of thipki
, .
Cut lout', Of ale( lIQ are or V thread.
Cooper, and Babbrtt'a bletal earth!, made Hteri ( 4 ,
• - NATIIAN 11YLAS:•-,
blarch 4. 1851„—Iy.
• To Mill_Ovraters.
fIPPE underilgued ham tippointel • L. U. CAILTEI
C cat fi sh'. his agent for the Kale of, Caitlin. ko
receive bills for ad itindsof Mill Geaript. and oiaer m
ry. Venous dextrous to contract will do wall to call nadqb
amine the catalogue of ['attune. and spear mete of do reeM
before mama ansagements olrowbere. Casting' will
livered. if desired, at Clearfield. and warranted in be Mitt
good material. and Grusissd to a workmanlike 12114110 f
Me in sunning order MB Superior Lathes and
chiller, In the same prosodies. employing dime Na l"
workmen. using the my best Pig iron and Coal. whom
other advantages. he II inters himself tb at hi. work will bid.
as well as la the best city shops, anion the shortest soils
Poi pude alars.tall os Mr. CALLTrdiy , Arent. • •
NATHAN hiAtav(•
►liroh 4.3831-11
MACKEREL,
SHAD, CODFISH, - Curistantly• - ore .WO
WO
SALMON, -,ontl kir sale br.4
HERRINGS. J. PALMER 40,irre'
PORK. blaiket. Si reel
;. Vllkar
I
.
HAMS AND SIDES; - ' - ,PpriaDri.rusa4 ~
LARD AND CHEESE, Masai 11,-1852. - ,' . ,
, li;3(teiCr Eg3dqUll:lo(Pcs ri .
i
11 / W AUgnili 0 ©IUD ig 31/EZ t , '
~„ ~
• . FBENCHVILLE, Clrarfield Co., Pa..,
it EispeurFuLLY a mutation to th e eitteneoteleg
A moms. 'hat be has oompe.l a MEW trlltlaka, la
eland lormetla occuoled by far. Lim bite, wham b i g ot
band varlets of GOODS a=O ho
E tla a twill
all or which will be sold tat Ear tot CAM or sub
eat:liars produce of all blade. ' '
Ye, (vv.!) . '
rrefobville. tdarth 110: IMO. , ' '
..
ApiovitriED °limns' couii sits eui
'EMlG:3l2aaticli•i;' 4 `
. '?"
. ,
• . ,
of an • - I' ti 4 Omb
tit Il y dn i nitlaartlai: !t il r iaty . ,..graatort l ' s '
roderolvr win. 11061. th ere win be expand 10
k 0 0 SALE as MOID& Y
a THE UDEN* le, 4
MY polo% at tboctoo .4! 010 POToSlikt Or. • '
UAW. LW 10110 1 #4 1 /Lo l l ll od. • i'.. '..- .1 .1 c.:,. ~ ~—. .•,
...
' Farm or, :1.26.,A0tea .of Land/ ''.'... -.
Moats la . Elko
township, .018ariteld musty. late 10,
and regdonoo of Jona.Fullen.o*.deakafid,, intoisbot Ill"'
Dante! MIL Alaxanda Caldwp
~.. e,. -- ; and,otners. tarnarPet,
oi macula -, •.: ,-, : , •: , ; . i , ..) , t : t • ;,
A T w o, Stor
y.GLOg illouse,'.,and , : ii 4.60,, , ,
I I.IS
.• • • - and Commodious Barn, ', , ''' t
... .. . : , '.A .a.fir •
,• And , Whig about, EIGInt-NIVE , liestlfrf,
CLEARED! LAND, and a TIINIViNO,p)Tm , ..
orlon: • • $:,i... , : if ...._,,,„;
For fat the particulars riPPT7 oll l , t . t if t .t ika l e 'rMo :'
arsopfloadilid.... ",'''‘ i( • - ''', -' ' - ''' "
liltS:-Ons:Thnd of , the pdrohaso mope', SEp. oilliF
Onnallon *UM eats.. and iba , bahusa• Di 'isteo
Animal Paynanda.,wlin lanled 44 tof aliPull 4:PDT! VI . '-
1 city finrigiaaa. &ad in'dtmont gond: ''''.-: - ' '''
.4 7 „ .. . , . ;
'.', • , :i . 1 - ,' • ''' :P i farE t i ll, M s ie '
1 ' niiiisai, AioDll/53C - Wita r li / 44 " 41 . •