INTELLIGENCER & LANCASTERIAN. geo. SAITDBESON, EDITOR. A* SANDERSON* Associate* OCTOBER 20, 1857. CIRCULATION, SIIOO COPIES! Subscription Prick, $2,00 per annum. The Resnlt ln Lancaster Co. l The official returns show that in thisoounty where the Opposition could once count their majorities by from five to six thousand it is now reduced to a comparatively small affair Wilmot's majority over Packer being only 12131 We have elected our excellent candi date for Prothonotary, Mr. Carpenter, by a majority of 10 votes, whilst the average ma jority on the rest of the county ticket iB only some 8 or 900 votes against us. The result upon the whole is a very grati fying one, and clearly indicates what might and would have been accomplished, had our Democratic friends polled their full vote. In that event we should have elected our whole tieket by a handsome majority. As it is we have accomplished wonders, and if the Demo crats and all the opponents of Black Republi canism are true to themselves, it will not re quire many more trials of strength until Lan caster county will stand forth redeemed, regenerated and disenthralled. The official returns will be found on the opposite page, from which it will be seen that Wilmot is really in a minority in the county —the vote of Packer and Hazlehurst com bined exceeding his 23 votes! Hr. John K. Hanb. This young and talented Democrat made a capital run for the Senate, on Tuesday last — having received a vote of which he may well be proud. His colleague on the ticket, Mr. Patton, also received a strong vote, alike com plimentary to himself and his numerous friends. Mr. John H. Brennbman, one ot our can didates for Assembly, and one of our most tal ented and worthy young men, received a tre mendous vote in his own district, and run well in every district where he was personally known. Messrs. Mcllvain, Bones and Wicks, his colleagues on the ticket, also gave evidence of their worth and popularity by the heavy vote they polled in their respective districts, amongst their neighbors and acquaintances. Indeed, all our candidates were eminently deserving, and the vote they received at home is the best evidence of their strength and pop ularity. The Democracy of the county were truly fortunate in having such candidates upon their ticket. Honor where Honor Is Du®. In justice to the old line Whigß it is proper to say that'they behaved nobly in this county, in the recent contest, and added very materi ally to the brilliant result of the election. — They are now one in sentiment and feeling with the Democrats, and are in every respect entitled to our warmest gratitude and confi dence. We would not make invidious com parisons amongst their leading and active men, in different sections of the county, for they all acted a noble part, but we cannot refrain from mentioning the name of Mr. John Styer, of New Holland, owing to his peculiar position —having been a candidate before the Demo cratic County Convention for the Sheriff’s nomination. Although defeated in that body, he nevertheless went into the contest with ao tivity and zeal, and warmly supported the entire ticket from top to bottom ; and it is not too much to say that his exertions were orowned with abundant success, and that, through his influence, seconded as he was by his Democratic and Whig friends, the Repub lican majority was reduced to such an extent as to make Earl township one of the banner districts of the county. For his gallant con duct he will be held in grateful remembrance by the Democracy of the county. Another feature in the recent contest is worthy of being noted. All, both Democrats and old line Whigs, acted in harmony and concert, and in mutual good faith. The Democrats voted to a man for the old line j Whigs upon the ticket —and the Whigs for the Democrats. How different was the con duct of the Opposition. They had but two men formerly Democrats, upon their ticket, Messrs. Martin and Roth, and these were so badly struck by their own party that the mentioned gentleman was defeated, and the, latter elected by a reduced majority * These are facts to be remembered, and con trast strongly with the opposite conduct of the Democratic party and those who have re" cently come into our ranks. Mr. Martin was defeated for Prothonotary, and Mr. Roth run behind his ticket for the Legislature, by the treachery of their professed party friends— whilst, on our side, Messrs. Carpenter and Hostetter, (formerly old line Whigs) run so far ahead as that the first was elected, and the latter one of the second best on the ticket. We call attention to the above facts, so that our readers may ponder upon them and draw their own conclusions. A Glorious Victory. The result of the election in Pennsylvania has overwhelmed the Black Republicans, and forever sealed the fate of* the traitorous crew. The people of the old Keystone have thuß, in thunder tones, proclaimed to the world their devotion to the Union, and the triumphant eleotion of Gen. Packer and a Democratic Legislature has sounded the death-knell to the hopes of the Disunionists every where. The majority for Governor Packer, and the State Officers generally, will not be probably less than 40,000 over Wiljiot, and 10,000 over Wilmot and Hazlehurst combined. The Democracy of Pennsylvania performed a great day's work on Tuesday. Another such victory as the Black Re publicans achieved in this county, on Tuesday last, and they will be gone. It was virtually a defeat—and this will be made apparent in less than two years, if our Democratic friends pursue a cautious and wise policy. The more intelligent portion of the opposition feel this. They see the hand-writing upon the wall, and they are already preparing, with as good a grace as possible, to hand over the political power of the county to the Democracy. Let our friends bide their time. Daylight is close at band. Rutherford (B. R.) is elected Senator in the Dauphin district by a majority of only 12 votes ! Our young friend Haldeman, of the Patriot, the Democratic candidate, made an 0 extraordinary good run, but he could not quite reach it We are sorry for it. L&Bt year the majority in that Senatorial district against the Democracy was 1560 I Lancaiter City. The vote polled in Laneaster on Tuesday fell short some seven hundred of the vote at the last Presidential eleotion, yet our majority is 720"! Had there been a full vote, Packer would have beaten Wilmot at least 1000. Chester County. We are glad to see our friend Hodgson, of the Jeffersonian, and the whole Democratic tioket elected in Ohester county. Col. H. will make a capital member of the Legislature. He is a brother of the Rev. Dr. Hodgson of this city. Thomas Allibone, Esq., has resigned the Preaideney of the Bank of Pennsylvania —reason, ill health I A GREAT VICTORY ! The Democratic victory in the State is one of the must brilliant and decisive ever obtained by any party. Not only is Massachusetts Ab- : olition-Repnblicanism defeated, but it is over whelmed and annihilated I Every sign of life is brushed out of it, and it lies at the feet of the indomitable Democracy of the State, life less, throbless, soulless, without a hope of res urrection. Gen. Packer's majority is overwhelming— from 30 to 40,000—and the Legislature Demo cratic by nearly two thirds. Below we give the returns for Governor, official and reported, as far as received: PACKER. WILMOT. ♦Philadelphia, ♦Bucks, ♦Chester, Montgomery, 2,000 ♦Northampton, 2,956 Berks, 6,000 Lycoming, 1,200 ♦York, 3,536 Bedford, 600 ♦Cumberland, 612 Adams, 400 Clinton, 400 ♦Centre, 518 Luzerne, 1,500 ♦Montour, 512 Lehigh, ff® ; *Mifflin, 315 Westmoreland, 90U ♦Schuylkill, 2,853 ♦Northumberland, 1,847 ♦Carbon, 885 '♦Franklin, 118 ♦Columbia, 1,206 Monroe, 1,700 Clearfield, 500 Greene, 800 Fulton, 150 Cambria, 1,200 Perry, 400 Juniata, 150 Fayette, 500. Washington, 150 ♦Dauphin, 453 ♦Snyder, 10 ♦Montour, 512 Armstrong, 150 ♦Pike, 560 ♦Blair 369 ♦Lancaster, 1,213 ♦Allegheny, ? v 1,089 Bradford, 3,800 Crawford, 500 Erie, L 2OO Indiana, 1,000 Lebanon, 575 Susquehanna, 700 ♦Union, ' 304 ♦Delaware, 15 Official returns marked with a *. The Next Legislature. The returns of the recent election in this State would indicate the following result: DEM. REP. 20 12 71 29 Dem. majority on joint ballot, 49. Of the 33 members of the Senate—l 3 Dem ocrats and 8 Republicans hold over from last year. Of the new members elected, 7 are Democrats, 4 Republicans, and 1 doubtful. Banks and Banking. Under this caption the Washington Union , b&jb: —“ Since a portion of the American ; banks have ceased to pay their debts, we have ' been prepared for the current efforts to induce , all others to follow their example. We shall not be surprised to learn that those seeking to sustain themselves find their fallen brethren their most determined enemies. Should the failurh beoome general, no invidious compari sons could be drawn. But as there are very many banks and bankers who will hot fail, efforts are being made to avert all injurious effects upon the reputation of such as have actually done so. Hence, we see it stated in the papers, and hear it in the streets, that their ‘suspension was intended as a measure of relief P It requires great effrontery to make such assertions, and almost unlimited credu lity to secure their belief. Those having a knowledge of business and who reflect upon it, will never credit such an idle and absurd assumption. If suspension is a relief measure, the more extensive the greater the relief.— Debtors as well as banks, should suspend. If suspension by a bank relieves its customers, of course, the suspension by the customers mußt relieve the banks. Banks never suspend to favor their debtors, but to relieve them selves. They become involved for want of 1 capital, or because of bad management, by set ting the ordinary rules of banking at defiance, r and cannot meet their engagements, and then stop payment. Who is then relieved? The banks relieve themselves by refusing to pay. This is a measure of relief to them, but to nobody else. Instead of relieving their deb tors or the public exactly the reverse happens. They require all owing them to pay as fast aB they can draw money from them. They con- I tract their credits, sacrificing those who owe them, when not prompt, without a scruple. When they have drawn in from the communi ty as much as suits their purposes, and have retrieved their errors in banking, and money beoomes plenty, they commence to pay their own debts. But they do not allow their debt ors to delay payment until they have retriev ed their affairs and until money becomes abun dant. If a merchant allows his note to be protested, his character is gone and he can get no further credit. He is telegraphed as having failed. He consults his’ creditors if he is honest and wise; offers them the control of all he has, and abides their direction. He com promises and gets an extension, or goes on, as they advise. But banks consult not holders of their bills or their depositors, creditors, or the public who are affected by their acts, but the managing coterie of the directors’ room, and consult their own interests, and determine and act accordingly, let it hurt or ruin whom it may. The exceptions are few and tend to establish the general rule. If banks have real solid capitol, and are well conducted, they can and should pay their debts as well as individ uals. If they have no capital, or are badly conducted, there is no good reason why they should escape the natural consequences of their condition.” B®»The official returns make Mr. Carpen. ter’s majority for Prothonotary only 10 votes. This was accomplished by the majority of the Return Judges—Black Republicans—throw ing away several votes cast for him on aocount of some trifling informality in the Reamstown box. His aotual majority is twenty-two, and should have been so reported. These Black Republicans are yery conscientious when any trifling informality occurs which will affect the Demooratio candidates, but when it hap pens on their own side, the boot is on the other leg I ■ Why did’nt they take cognizance of the informality in the Salisbury box ? And why did they permit a man (Mr. Billingsfelt from Adamstown) who was no Judge of elec, tion at all, but merely a substitute, (a thing never heard of before,) to not only take his seat as a Judge, but actually to preside over their deliberations 1 A General Suspension. All the 52 Banks of the city of New Xork have suspended speoie payments. This occur red on Wednesday last, and was followed next day by the Boston and Albany Banks, and the New England institutions without an ex ception. The suspension is now general north and east of Pennsylvania. BS&- President Buchanan has directed one of the new Sloops of War, ordered by Con gress, to be built at the Philadelphia Navy Yard. This will afford employment during the fall and winter to hundreds of mechanics. The Relief Bill. | The following is the bill as it'passed both and received the signature of the - .‘Governor: ' ~ v An Act providing for the resumption of *pef« payments by the Banks, and for the relief of debtors.yY : - , . : \ ' 3 Sec 1 Be it : enacted by the benate ana House of Representatives of the Common wealth, of Pennsylvania,; in General Assembly met, and it is hereby enacted the authority of the same, That the provisions of every act of Assembly, or of incorporation or re-incoi poration, heretofore passed, declaring or au thorizing any compulsory assignment, for or by reason of the non payment of any of its liabilities, or the issuing or paying out the notes of other banks incorporated under the laws of this Commonwealth, though not specie paying, or its loaning or discounting without the requisite amount of specie or specie-lunds, since the first day of September, Anno Domini one thousand eight hundred and fifty-seven, be and the same are hereby suspended until the second Monday of April, Anno Domini one thousand eight hundred and fifty-eight, and all forfeitures and penalties, or liability thereto, heretofore incurred, or that may here after be incurred, before the second Monday j of April, under such acts of Assembly or of incorporation or re-incorporation, for or by reason of the causes aforesaid, or any of them, are hereby remitted, and so much thereof as prohibits any bank from making loans and discounts, issuing its own notes, or the notes of other banks incorporated under the laws of this Commonwealth, though not specie paying or declaring dividends during the suspension of specie payments, or from loaning or dis counting, without the requisite amount of specie or specie funds as aforesaid, be, and the same is hereby suspended until the day and year aforesaid, and any such bank, during such suspension of specie payments, may declare dividends to an amount not exceeding six per cent, per annum on its capital; and this act shall extend also to all banks, saving, trust, and insurance companies, and corpora tions with banking privileges, chartered or re-chartered under any law, for the periods hereafter to commence, and to thepayraent of stock to all banks incorporated by the Legislature at its last session. Sec. 2. That, in addition to all statements and returns now required by law, eaoh and every bank in the cities of Philadelphia, Pitts burg and Allegheny shall, on the first discount day in January next, and weekly thereafter, and every other bank in this Commonwealth, on the same day, and monthly thereafter, make up a statement to be verified by the oath or affirmation of the president or cashier thereof, showing—first, the amount of its loans and discounts; second, the amount of specie in the possession of and owned by such bank, and the balance due from other banks, in dis tinct items; third, the amount of its notes outstanding; fourth, the amount of deposits, including individual deposits and balances due to other banks, which statement shall bd published in the next succeeding issue of a newspaper of the county; and any violation of this law, or failure to comply with its provisions by any president or any cashier of any bank, shall be a misdemeanor, and each of the said offioers shall, upon conviction thereof, be punished by a fine of not less than five hundred dollars, nor more than one thou sand dollars, at the discretion of the Court; one-half to be given to the prosecutor, and one-half to the county in which the bank is located. DOUBTFUL, l Sec. 3. That the said banks are hereby re quired, until the second Monday of April aforesaid, to receive at par in payment of all debts due, or to become due to them, respec tively, the notes of all the solvent banks of the Commonwealth which paid specie for all their liabilities on and immediately prior to the first day of September last, and which shall con tinue solvent, and the said banks are also hereby authorized to pay out, yi all their business transactions and discounts, the said notes so long as the banka issuing the same shall remain solvent; but in case any presi dent, and a majority of the board of directors of any of the said banks'shall certify to the Governor, under oath or affirmation of the president, his apprehension and belief that any bank in said certificate named is in an unsafe condition, the Governor shall thereupon appoint three judicious persons, not interested in said bank, as commissioners to investigate the condition of such bank. And the said commissioners shall; after taking an oath or affirmation to perform the duties of their appointment with fidelity, forthwith proceed to make the said investigation and report the result thereof within ten days to the Governor; and if the officers of the said bank shall refuse to permit the said commissioners to make such such investigation, or to produce any books or documents necessary for that purpose, or if the said commissioners, or a majority of them, shall report that the said bank is in an unsafe condition, the Governor shall thereupon issue his proclamation declaring the charter of the said bank to be forfeited, and the said bank shall be deprived of all the benefits of this act, and the directors thereof shall forthwith make and execute ad assignment in the manner provided by the act, entitled “An act regu lating banks,” approved the sixteenth day of April; Anno Domini eighteen hundred and fifty, and the expenses of such commission, including the compensation of the Commis sioners at eight dollars per day each shall be . paid by the bank against which it iB issued, unless the report shall be favorable to its con dition, in whioh case they shall be paid by the applicants; but any bank or banks which shall, before the period hereinbefore limited, resume and continue the payment of specie on all their liabilities, shall not. after such i resumption, and during such continuance, be | subject to any of the provisions of this section; , Provided, That no bank shall be. required to receive the notes of any bank against which a certificate may be made as aforesaid, at any time after the delivery of the same to the Governor, until the Commissioners shall report in favor of such banks, after which the notes of such bank shall again be received as re quired by the provisions of this section. Sec. 4. That the several collectors of taxes, tolls, and other revenues of the Common wealth, and also county treasurers, are hereby authorized to receive, for State purposes, the notes of the solvent banks of this Common wealth, though not specie-paying banks, in payment of the said taxes, toll, and revenues, and the State Treasurer is hereby authorized to receive and receipt for the’ same in the same manner as though said banks were specie paying. Sec. 5. That the deposits by the State Treas urer, or to the credit of the Commonwealth, in the several banks and other corporations, and all bank notes which are now or may hereafter be in the Treasury during the period of suspension aforesaid, shall, from time to time, on demand of the said Treasurer, be paid by the said banks or other corporations respectively, in specie, in such amounts as may be required by said Treasurer, to enable him to pay the interest accruing on the public loans of the Commonwealth. Sec. 6. That upon all judgments hereto- I fore entered in suits commenced by writ or otherwise, or which may be entered during the period hereinbefore mentioned, in actions instituted by writ or otherwise, in any i court in this Commonwealth, or before any j alderman or justice of the peace, on judgments I obtained before said officers, if the defendant I shall be possessed of any estate in fee simple, ! within the respective county, worth, in the I opinion of the court, alderman, or justice, the ! amount of the said judgment over and above ! all incumbrances, and the. amount exempted from levy and sale on execution, he shall be entitled to a stay of execution thereon, on judgment now obtained on suits now brought for the term of one year from the date of the passage of this act, and on all others for one i year, to bo computed from the first day of the term to which the act commenced ; and every defendant in such judgment may have the same stay of execution theron, if within thirty days from the passage of this act, or within thirty days from the rendition of any future judgment, he shall give security to be approv ed of by the court or by a judge therof; or by such alderman or justice of the peace before whom such judgment was obtained, for the sum recovered, together with the interest and costs; Provided, that this section shall not apply to the wages of labor nor to debts upon which stay of execution is expressly waived by the debtors, nor to judgments upon which a stay of execution has already been taken under existing laws: And provided, That the provisions of this seotion shall extend to judg ments entered or to be entered, as well upon bond and warrant of attorney as upon mort gages to scure the same, and to any subsequent grantee or owners of the premises so bound, as well as to the original obligor or mortgagor; Provided, further. That said stay of execution shall not apply to judgments or mortgages, or on bonds secured by mortgage, unless the interest thereon shall be paid within sixty days after the accruing of the same, in Buch funds as the banks are authorized by this act to use. Sec. 7._ This act shall take effect immedi ately except the 3d section, which shall not go into operation until the provisions of this act •are accepted as are herein provided, bat no bank or other corporation shall be embraced in its provisions more than thirty days after the passage hereof, or after any bank shall; have suspended; specie payments upon its notes or obligations, unless the stockholders of each bank, or other ] corporation, shall, before the expiration of the said thirty days, or within thirty days after any bank shall have suspend ed specie payments upon its notes or obliga tions, at a meeting to be called by the direc tors thereoffor that purpose, on ten days pablic notice in one or more newspapers, accept the provisions of this act by a majority of votes of said stockholders, to be-‘voted and counted according to the provisions in the charter of such acceding banks, or other corporation regulating the election of-directors ; bat to make such acceptance valid, there shall be filed in ther' office of the Auditor General of this Commonwealth a certificate that this act has been duly accepted under the common seal of such bank or other corporation, attend’ ed by the signature of its president or cashier. And each of the said bantu, accepting the pro visions of this act, shall also pay into the Treasury of the Commonwealth, on or before the Ist day of January, anno Domini one thousand eight hundred and fifty eight, or within thirty days after any bank shall accept the provisions of this act, a sum equal to one fourth of one per centum upon the capital stock of said bank, in addition to any amounts they are now by law required to pay. Sec. 8. That the 47th seotion of the act ap proved April 16, 1850, entitled, “ An act regu lating banks,” be, and the same is hereby, repealed; Provided , That all suits brought or now pending for forfeitures or penalties under the seotion hereby repealed shall not be affected thereby. Sec. 9. That the Legislature hereby reserves the right and power to alter, revoke or annul the charter of any bank or banks, corporation or corporations, accepting the provisions of this act, whenever in their opinion the same may prove injurious to the citizens of the Commonwealth, in such manner, however, as to do no injustice to the corporators. Sec. 10. That no bank, savings fund, insur ance, or trust company shall, directly or in directly, purchase, or be connected in the pur chase of. the notes of any of the incorporated banks of this State]at less than their par value; and any and every of the officers of the said institutions violating the provisions of this section shall be deemed guilty of a misdemean or, punishable, upon conviction, by a fine of not less than five hundred dollars, nor more than one thousand dollars, one-half to be paid to the informer, and the other half to the use of the Commonwealth. Sec. 11. That no stocks, bonds, promissory; notes, personal property, Or othe valuable secu rities, hypothecated or held in pledge, either with power of attorney attached or otherwise, for credit or money loaned, shall be Bold for the period of six months from the passage of this act without the consent of the debtor, debtors, or party hypothecating or pledging the same being first had and obtained in writing. Sec. 12. That the notice requiredt?Jor pay ment, provided in the charters of fund and trust companies, in all sums exceeding one hundred dollars, be,and thesameis hereby, extended for the period of two months during the period of suspension of specie payment authorized by this act. The Elections. California. —The majority for Gover Wel ler is about 11,000 over both his competitors of the Black Republican and Know-Nothing stripe. This is truly a gratifying result, aDd one that our Democratic friends of the golden State may justly be proud of. Mississippi. —The election in haß resulted, as was expected, in the complete triumph of the Democratic party all over the State, Ohio. —The election is running very close. The Democratic gains have been tremendous, and it is thought we have elected our candidate for Governor, Mr. Payne, and a majority of the Legislature. Should this prove to be cor rect, it will be a great and unexpected triumph, as our friends had a Black Republican major ity of forty-four year, to over come. lowa.— The returns so far as received, would seem to indicate that the Democracy have also carried this State. Baltimore. —As usual the PlugUgliea have carried the municipal election, electing their candidates in all the wards but the eighth.— In several of the wards the Democrats were driven from the polls and prevented from voting. Minnesota.— ► The election in Minnesota is also believed to have gone for the Democrats. The “Relief” Bill. The Legislature, late on Monday evening of last.weejc, finally passed the “ relief” bill, so-called, and adjourned sine die. The Banks (not the people) are relieved by the bill, from the penalties of suspension until the second Monday of April next—a qualified stay law is extended to their debtors—the 47th section* of the Bank Law of 1850 is repealed—the Banks of the State are required to receive each others notes and permitted to pay them out; with other provisions of general interest. The whole subject is handed over to the next Legislature, whose action we trust will be based on more experience and a better under standing of the requirements of sound polioy. Especially do we hope to see a thorough inves tigation of every Bank in the Commonwealth. Let their manner of doing business be probed to the bottom. Let the public know whether they have confined themselves to the legitimate business for which they were created, benefit ing the respective communities in which they are located; —or whether they have pursued an opposite, course, and thereby proved an injury instead of a benefit. The people want light on this subject. If they are to be the sufferers from Bank suspensions every fifteen or twenty years, they want to know upon whom the blame is to be saddled—they want the chaff sifted from the wheat. The “relief” bill is now the law of the State, and as our readers will be anxious to know its provisions, we publish it at length in this week’s paper. 8@“ Mr. Buchanan suggested but two remedies for the embarrassments of 1840— both founded on the same principle, viz: an exclusive metalic currency. Hiß first remedy was the sub-treasury. This was put in opera tion in 1841, and has ever since been in exis tence. Its value is now apparent. It may with truth be said of the sub-treasury, that it has not had the slightest perceivable influence in preventing, alleviating or mitigating the disasters under which the country is now laboring.— Examiner. ■ The extract from Mr. Buchanan’s great speech in favor of the Independent Treasury, which we published last week, is rather a bit ter pill to the Examiner, if we may judge from the tone of the above extract. But its efforts to undervalue the great benefits resulting to the country from the . establishment of that important measure, will hardly be successful with intelligent readers. In all seriousness we ask our neighbor what would be the con dition of our country now if the millions of governmentfnnds (gold and silver) were locked up in the vaults of rotten and suspended Banks, instead of being distributed through out the Nation as is done by the Secretary of the Treasury and the officials under his con trol ? If such were the case, not only would the people be deprived entirely of a specie currency, but the wheels of Government would be stopped, and general embarrassment and ruin be the inevitable result. This, we think, is so plain that “ he who runs may read.” The Independent Treasury is now, and has been for years, a fixed fact in the Government. The people have beheld with satisfaction its admirable workings, and any attempt to dis parage it in the eyes of the public is, to say the least, extremely ridioulous and absurd.— The Examiner might be much better em ployed. city awd County affairs The Agricultural Fair.— The first annual exhibition of the “Laucaater County Agricultural and Mechanical Society” waa held, io this city, Inst week. The place selected was a beautiful fleld'of twenty acres at the head of North Prince street. The fatrepened on Wednesday, and.the grounds ware thronged daring the whole day.— The stock, agricultural implements, fruit, fancy article?, was the finest.display we have seen In a long whfle- 1 indeed it fer surpassed that of the State Pair held In this city in 1852. ' All the buildings on the ground were full, and more than full—temporary shedding haring to be erected on the outside of a few of them to accommodate the wants of the exhibitors. The Mechanical Hall was filled w}th the productions of .our industrious and enterprising mechanics. We noticed in this hall some ipledid articles of furniture from the establishments of Messrs. Ketchum A Yickery, N. Queen street, and Widmyer, East King street. Our Marble Mar* sons also added vastly to the attractiveness of this hall. The Fine Arts* Hall was a great centre of attraction— the many beantifhl paintings, photographs, Ac., being generally admired. There were many fancy articles in this hall, the handiwork of several young ladies of the city and which riveted the undivided attention of the fair sex. Messrs. Locher, of West King, and Addis, of East King street, exhibited, several superb specimens of Photo graphic pictures. The Agricultural Implement Hall was visited by scores of farmers, who witnessed the qualities of the machinery In operation with intense interest and satisfaction. The Horticultural Hall was stored with a magnificent display of fruit, Ac., which certainly looked very tempting to the eye. The other halls on the ground were full to overflowing, but it Is Impossible -for us In this short report to say any thing about them. The stock was said by those who visited the late State Fair at Philadelphia to far excel it. Mr. Henry Eckert, of Paradise township, exhibited a mare and four colts, which were as fine looking animals as we have ever seen. They attracted much attention from the lovers of fine horses. The trial of speed of the horse* took place on Friday and Saturday. It was witnessed by an Immense concourse of people. The matches were spirited and much interest was manifested by the spectators. The ladles’ equestrian exercise took place on Saturday morning at 11 o’clock. But three ladies took part The first premium was taken by Miss Reist, of Manbeim: the second by Miss Shelly, of Litlz; and the third by Miss Hostetter, of this oity. Not a little feature ih the whole affair was the music of the Fencibles’ Cornet Band. Their soul-stirring strains put every one in the best possible humor with himself and the “rest of mankind.” The award of premiums was announced on Saturday afternoon. The list is long, and it is impossible for ns, not receiving a copy in time, and owing to the crowded state of our columns, to give it to our readors. The weather, except on Wednesday and Batnrdav, was anything but favorable to the Interests of the Fair. On Thursday afternoon the rain ponred down in torrents.— Had it not been for this at least 20.000 people would have been on the ground on that day; at it was fully half that number were present. On the whole the first exhibition of our Agricultural Society reflects great credit on Lancaster County. This gociety can now be considered a permanent institution, and the Fair an annnal gathering of the “Old Guard’s” Boos and daughters. The Railroad and Politics.— We have been informed upon the best authority, that the Pennsyl vania Railroad gave orders to their men working on the different sections of the road in Lancaster county, especi ally In this city, that they might go and vote, bu/ must return immediately to their work. This, perhaps, was all well enough, if it was intended to apply to both parties.— The Democrats did as they were ordered; but there were several Black Republican employees who not only went to the polls and voted, but remained there oil day! This was especially the case in tho North West and South West Wards, where these men belonged, and they were the noisest, most meddlesome and insulting follows we saw on the ground. We presume, therefore, that the rule was only intended to apply to Democratic employees. If this is to be the partlz&n course of the Railroad, the sooner ic is known the better. A Democratic Governor and a Dem ocratic Legislature will, perhaps, teach tho Company better The Parade or the Red Men.— The Red Men’s parade to-morrow will be, from all that we can learn, a very fine affair, and but for the money panic would have been the largest procession of that Order that ever took place in this country. Notwithstanding this, a large number of the Order will be present from Pennsylvania, New Jersey, Delaware and Maryland. The line wiil be formed by the Chief Marshal, Col. J‘ Franklin Reigart, in South Queen Btreet, the right resting on Tine street —the Junior Tribe of Pennsylvania on the right—each Tribe taking its position in succession accord ing to the date of organization. The State Council on the left—then follow the Tribes from New Jersey, Dolaware and Maryland—the United States Council In tho rear, In carriages, accompanied by the Committee of Arrangements, Mr. John Reese, Chairman. Tho procession will move, at 1 o’clock, p. up South Queen to North Queen, up North Qnoen to James, counter march to Lemon, along Lemon to Prince, up Prince to James, along James to Mulberry, down Mulberry to Wal nut, aloDg Walnut to Prince, down Prince to Orange, up Orange to Charlotte, along Charlotte to West King, down West King to Prince, down Prince to Conestoga, along Conestoga to South Queen, down South Queen to Middle, up Middle to East King, up East King to Plnmb, down Plumb to Orange, down Orange to Lime, along Lime to East King, down East King to' Centre Square, whoro an Address will be delivered by Hugh Latham, Esq., of Yir" giaia. A Prayer will be offered by the Great Prophet, and the “Song of the Tribe” will be sung by the whole Order. An original Ode, written for the occasion by Mr. Matthias Zahm, of this city, will be read. Centre Square will be very handsomely festooned with arches, erected by the citizens of the Square in honor of the visitors. A number of arches will also be erected along the route. We hope the weather will be propitious, and the stranger Red Men receive a hearty welcome. Jurors. —The November Term of the Court Quarter Sessions will commence on Monday the ICth of November. Tbe following Is the list of jurors : Gelanu Jurors. —John J. Andrews, Colerain; Geo. Bogle, Columbia; Christian Buckwalter, Manheim; Benj. Baek walter, East Lampeter; E- C. Darlington, City; Isaac Evans, Carnarvon; Joseph Ernhart, Drutnore; Levi Getz, East Hompfield; Wendell Holl, Earl; Amos 8. Henderson, City; , Wm. Hutton, Fulton; John Kaylor, West Donegal; Amos 8. Kinzer, East Earl; Isaac Kinsey, Rapbo; Michael H. Locher, City, Abraham Landis, Ephrata; Martin Metzler, Rapho; Peter McConomy, City; Richard Marshall, Bade* bury; John Martin, Manheim; Daniel Richwine, Earl, Jonas Riter, Columbia, Samuel Shoch, Columbia, Benj. Urban, Conestoga. Petit Ju&obs.—Henry Breneman, Strasburg; John Brady, Manor, Micbaol Book, Strasburg bor.; Abraham Bruner, Columbia; Christian Brimmer, Earl; David Bair, City; Benj. Buckwalter, Earl; Levi K. Brown, Fulton; William 8. Dickey, Columbia; John Doner, Manor, Henry Espenshade, Paradise, Jacob M. Eckman, Eden; Samuel Ferree. Eden; Mahlon Fox, Sadsbury; Tbomas Grosh, Manheim; William Gibson, Columbia; John W. Gross, West Donegal; Christian Gast, Lity; James Hopkins, Salisbury; Christian B. Herr, West Lampeter; John Hastings, Drumore; Harrison N. Hibshman, Ephrata, Samuel Kaffroth, West Earl; F. J. Krampb, City; George P. King, City; Martin.Kreider, West Lampeter, Andrew Landis, Penn*. John Llntner, Manor; Michael Moor, Sadsbury; John U. Miller, West Lampeter, Daniel May, Manheim bor.; John Musselman, City; Chris tian Myers, West Earl; John Musselman, West Lampeter; John H. Pearsol, City; J. C. Phaler, Columbia; C. J. Rhoads, Manor, Henry B. Skilea, Salisbury; George B. Shober, War wick; Joseph Bwift, Fulton; John Shark, West Hempfield; Samuel Slokum, Sadsbury, Frederick Smith, Conoy, Martin E. Stauffer, East Earl; Adam Trout, City; John C. Taylor, Little Britain; Nathaniel Urban, Washington bor.; Joseph Welchens, City. Iron Safes. —Having purchased one of Farrell A Herring’s Safes, we are so much pleased with it that we feel disposed to recommend it to our readers, as a moßt Ingenious piece of mechanism, and as an undoubted security against loss by fire or the violent hands of rogues- These Safe 3 have been repeatedly tested in the fiery fur nace, and their contents have, we believe, invariably been saved unharmed. And although they have often been subjected to the assaults of robbers, they have never failed to resist their utmost endeavors. They cannot he blown open with gunpowder, for no place is found for the intro duction of the combustible agent. They cannot be forced with hammers or cut with chisels. Indeed, unless the secret were imparted to bim, a rogue with the key in his hand, would never succeed in opening it. Providence Township Teachers. —The fol lowing communication from our friend Passmore we pub lish with great pleasure: • Friend Sandebson— Dear Sir: —The Teachers of Provi dence township have formed themselves into an organiza tion under the name of the Teachers’ Alpha Beta Society of Providence Township, for theporpose of mutually benefiing each other In the art of teaching the different branches.— The Society held its fifth meeting, since the commencement of the present school term, at the Hickory Grove School House, on Saturday, October 10th. The meeting was well attended by the Teachers of the township, and much har mony prevailed. After a free discussion on the best modes of conducting the futnre meetings of the Society, and hearing classes recite in Elocution, Grammar and Arith metic, the following officers were elected for the eosning year, viz: President, P. H. Gochnauer; Vice Presidents, John Martin, H. L. Thompson; Secretary, J. F. Passmore ; Treasurer, Amos Shirk. On motion, the Secretary was requested to'have the proceedings of the meeting published in the Lancaster Intelligencer, and Strasburg Herald. J. E. PASSMORE, Secretary. New Providence. Oct. 15th, 1857. Fire.—A barn belonging to Mr. Ulmer f : Bituated on Mill street, and occupied os a stable by Messrs- Smith A Bruuer, of the Columbia Rolling Mill, was buroed on Thursday evening last, about eight o’clock, and in it four horses and harness, hay, feed, Ac., to a considerable amount. It was evidently the work of sqme villain who thns vented his spite against the occupants. From the fact of a reduction haring just been made in the wages of the employees of the mill, creating much dissatisfaction, there is strong reason to suspect that the fire was a work ef revenge on the part of one of the bands. We trust that no effort will be spared on the part of the borough authorities to aid Messrs. Smith A Bruner in the attempt to detect and bring the scoundrel to punishment. We need more stringent police regulations; our town has been too long the theatre for all manner of ruffianism and violence. An example made of the first rowdy who breaks the peace, followed up by future strictness on the part of . our constables and magistrates, would soon make our au thorities respected, and our streets fit for a lady to walk in unprotected.— Columbia Spy. Pulmonary Diseases. —There is a remedy prepared by Dr. Geo. HI Keyser, of 140 .Wood street, Pitts burgh, Pa., that has won great renown in the way of curing the various incipient diseases of the Lungs and Pulmonary apparatus. Dr. Keyser* Pectoral Syrup is *o quack ™*; trim, but hrn. won and kept tha Confidence of men o the hleheet standing. Dr. Kejser prepares and mikes all the ingredients of the Pectoral Syrup with his own hands, and Baja that he wiU continue to do so. Ifjon wish a good medicine lor a Cough or Cold you can buy it at the Agen ie e. For sale at Heinitsh s, 13 Bast King street. ST. LOUIS CORRESPONDENCE. ‘'Hard Times”—Meeting of Merchants—The Currency Question— Suspension of two more Banking Mouses—Run Upon the State Bank and other Monied Institutions—Tre mendous Shock of an Earthquake—Alarm and Excitement —lncidents, dc.—Kansas EUcUoi*—The Free State Party Triumphant, <£c ., <fc. Hard time*, a stringent money market, and a general depression in every department of trade, continues to per rade this section of the country. Since our last, many of our largest and mostpromlnenthouses hare been compelled to allow their maturing obligations to go to •* protest”— not for the want of money to meet them —for they have the currency to pay every dollar of their Indebtedness —but simply because the holders of notes will not accept any thing but gold, when it is impossible to obtain it at any premium. The “ currency ” question has been throughout the week the all absorbing topic. It has been refused by the mer chant, the manufacturer, the speculator, the batcher, the baker, grocer, boarding bouses? the mechanic* and laborers, and In a word It has been refused by all. Those who held it could not deposit, for the banks would not receive it except upon special deposit—he could not pay his debts, his laborers, or buy the necessaries of life with it, and many there are who have been but upon a very scant allowance, and in fact many of the poorer class*™ actually in want. On Monday and Tuesday meetings were held by tbe merchants and Others at the Merchants’ Exchange, and what action they took, and the result of their deliberations, amounted to nothing. After considerable discussion, and the rejections of several resolutions offered on the subject, the following was submitted : Resolved, That the business men of St. Louis, will con tinue to receive, for the. present, the good currency afloat in tbe country, in all transactions, at par. It was received with load acclamation by the multitude present, and adopted by a large majority. Bnt what did this amount to ? The majority of the morchanta and bus iness men, and indeed many of the most prominent and conspicuous actors at these meetings, would not receive it at even 6,10,15, and 20 per cent, discount, and ‘-currency” is now refused by nearly all. The only benefit these meet ings had upon the subject, ended in the mere fart, that a few “ shavers ” dropped into the market, and bongbt up “currency” at 10, 15 and 20 por cent, discount. But in the usual channels of trade it is of no earthly account, aud all that this meeting accomplished, was a great waste of unnecessary “ gas.” We have two more suspensions to announce. On Monday the well known and wealthy banking house of James H. Lucas A Co., was compelled to close its doors. This event caused considerable excitement in the business circles.— James H. Lucas is considered the wealthiest man in the whole west—owning property in this city amounting in value t 1 between $4,000,000 and $5,000,000 ; but notwlth. standing this great wealth, he, like many others, waa compelled to fail under the immense piwuro, which Is novr convulsing the whole country. Tbe other was the ‘-Mutual Savings Institution ” —a small concern. These suspensions, *3 a matter of course, created considerable alarm, aud the depositors in othor banking houses felt unsafe, and tho consequence was a general “ run ” upon the other banking inHtiutions followed on Tuesday morning. The Boatmen’s Savings Institution and the State Bank were run upon during tbe whole day, and we are glad to h&T6 it to say that both met every demand promptly. On Wednesday the run ceased, and up to this morniog no symptoms of a renewal are visible. These two monied institutions are do doubt the strougost and best fortified of any otbei (n tbe West—they might as well try to overturn the Alleghe nies as to break the “Bank of the State of Missouri.” It has been often tried, but every attempt to break it has failed. Merchants and dealers are now laying up their oars, and leaviug the storm spend its tury as best it may. Nothing of any account is doing in the produce market. Receipts are very light, and nearly all transactions aro based upon “currency.” The wheels of commerce are at present com- 1 pletely clogged, and bow long this Btate.of affairs Is to | exist, is beyond the power of man to say. But we hope to make a more favorable report In our Dext. Currency, monetary affairs, and hard times, which have been the all absorbing topics for tbe past two weeks, were for a short period somewhat changed and relieved by an alarming shock of an earthquake, which was experienced in this city on Thursday morning last, the Ith Inst, at a Httlo after 4 o’clock. The shock was so great that nearly every inhabitant of tbe city was startled from repose at this usually quiet hour of tho morning, by the roar and commotion of the violent shock of an earthquake. It Is said by some that a slight shock wag felt at midnight; bmt at 4 o’clock those who were up or awake, heard a low aud distant rumbling, which rapidly came nearer, and resem bled in sound that of the rolling thunder; but instead of being overhead, it was beneath, making old mother earth tremble at a fearful rate, and startling and alarming almost the entire population. At that hour of the morn ing, we do Dot hear or know anything that is going on in or out of doors—for we do lore to sleep sound—and have often bad bands of music pass our door In the night, and heard nothing of tho shrill fife, or the rattling drums, or that everlasting noise discoursed by the huge trombone— until we were told of it the next morning. In fast we have often been told that no noise was great enough to rouse us from a sound sleep—(owing altogether to an easy con science) —we have withstood much in that way, and believe have never come across our superior in “ Nature’s second course ” —but upon this occasion we were brought straight from our comfortable bed, before we had time to gather our senses sufficiently to determine whether it was prudent tn gtt up or not. We awoke amid the most frightful rattling of doors, windows, wardrobes, etc., and landed in the mid dle of the room, where we could hardly keep upon our feet, from the trembling and jarring of the bouse—whether this was real or imaginary we will not pretend to say—but one thing is certain, tho shock was tbe most violent ever expe rienced in this section of the country. When we first awoke, we thought a dozen or more men werepoundiDg at each of the two doors in our room, and as many more inside of the wardrobe striving to got out, whilst the window sashes rattled like sleigh-bells ; in a few seconds we had our window up and head out, and about the same instant our neighbors’ heads were popping out all around us— : above, below and across the street—all more or less fright* ened, and inquiring of one another tbe cause of the rumb ling noise and severe shock, which made the earth and tbe houses tremble. The moon shone out in all its brilliancy, and a more beautiful clear blue sky we never beheld—the morning star outshining them all, appearing much larger than usual, and attracted tho universal attention of every one who chanced to pop their heads out of the window. We first thought of a powder magazine—that tho maga zine at the Arsenal had blown up; next the comet, and then an earthquake, and if the latter, we would without doubt have another shock. Scarcely had we expressed ourselves, before the same rumbling sound, trembling of the earth and rattling of doors and windows, saluted our ears, and we could distinctly feel tbe entire building trembling be neath our feet. The second and last shock was quite light, compared with the first. We again repaired to the window, and iu a few seconds a thick, heavy fog rose from the earth, and rendered It almost an impossibility to see across tbe street. An interval of about seven minutes elapsed between the first and second shocks. The duration of tbe first, in our opinion, was about one minute, some say a minute and a half, and others only a half a minute—no-two agree as to time. The second shock lasted about thirty seconds— it matters Dot how long, they were both quite long enough to be distinctly felt, and startle and alarm, not only the people of this city, but those for hundreds of miles around. It was felt iu St. Charles and other places in tbla State, at I Springfield and Centralia, 111., aqd a number of other j places. Those who were in the streets at the time, say that it was with difficulty they could keep from staggering. A pair of oxen iu a market wagou Sre said to have staggered as though drunk. The course of the uoise seemed to come from the south or southwest. A looking glass hanging on the south wall swayed to and fro; in every part of tho city things shook from north to south and with an appaliog violence. A gentleman asserts that iu his house he posi tively heard the walls cracking and sD&pping; in many of our best built houses the plastering was shook down ; the new building of the Mechanics’ Bank is said by the watchman to have vibrated fearfully, and he ran from be. neatb its walls; the boards in the lumber yards kept up a noisy motion; at the Missouri Exchange some dozen er more decanters and glasses were thrown from the shelves on to the floor; many door and window frames bare been badly sprung. The steamboats on the river at our wharf did not escape—they were tossed to and fro, and waves several feet in height, are said to have suddenly risen and dashed upon the banks, receding and again returning. A gentleman residing about twenty miles from the city, states that between the shocks he saw a meteor as large as the full moon, and vefy brilliant, shoot across the sky from south to north, accompanied with a roaring and crackling sound,, disappearing with a loud explosion, and leaving a strong smell of sulphur. This ball of fire in the air is said to have been seen by some of our citizens. One of the lodgers In a narrow five story building, asserts that tbe i vibrations of the top of the building could not have been ; less than a foot; fnrthor np town the walls of a house ' were cracked from tbe top to the bottom; In many places i the water in wash-pitchers was sprinkled over the floor, ; one or two chimneys were thrown down ; tbe pendulums of ! many clocks were stopped; some of the door bells were made to ring, and persons rushed Into the streets in their night clothes; cattle ran bellowing through the fields and yards ; : dogs kept up a terrible barking, and take it all in all we '■ ne’er wish to fed or look upon the like again. This has been the most severe shock our city has expe* rienced since the earthquake of December 16th, 1811, and i it may not be out of place to revive a short account of the ! earthquake of that day, and which will no doubt be some thing new to many of your readers, who are not aware that - Missouri was once the scene of an earthquake. 1 The first shock was felt on the 16th of December, 1811, after which time it was repeated at intervals with decrees i ing violence. New Madrid was the immediate scene of suffering, although it extended to Bt. Louifl. An eye ! witnea, who wai a little dljtance below tho town firit j named, ea,e that the agitation that convulsed the earth i and the watera of the Mississippi filled ererjthlng llviDg ' with horror. At the time, there was daoger apprehended ; from the Southern Indians, it being aeon after the battle ! of Tippecanoe, and boats kept in company for mutual de ; fense. These boats were shocked and jarred so that the 1 crews were all awakened. Birds, till then quietly resting . in the eddies of the river, by loud screams, expressed their alarm. Soon after, a loud roaring and hissing was heard, accompanied by violent agitation of the shores and by the boiling np of the water. Sand bars gave way, and islands i were swallowed up in the tumultuous bosom of the river. 1 The water of the stream, the day before clear, now put on | a redish hue and became thick with mud cast up from its j bottom. The earth on the shores opened in wide fissures, : and then closing again, threw the water, sand and mud, ! in huge Jets, high above the tree tops. The atmosphere was filled with a thick vapor or gas, to which the light imparted a purple hue. A few moments sufficed to raise the river, which w*s heretofore at a low stage—fire or six feet —when it rushed forward with redoubled impetuosity^ hurrying along the boats which had been cut loose from the shore, that the banks which threatened, might not fall upou them At Now Madrid several boats were carried by the reflux of the current, into a small stream that puts into the river just above the town, and left on the ground by the return • Ing water, at a considerable distance from the river. Bt. Louts, Oct. 12, 1857. The scenes which occurred for several days, during the repeated shocks, were horrible. The moet destructive took place in the beginning, although they were repeated for many weeks, becoming lighter and lighter until they died away In slight vibrations, like tbe Jarring of In an Immense boiler. The sulphurated gasses that were dis charged during the shocks, tainted tho air with their noxious effluvia, and so strongly impregnated the water of the river, to the distance of one hundred and fifty miles below, that It could hardly be used for any purpose for a number of days. New Madrid, which stood on a bluff bank, fifteen or twenty feet above tho summer floods, sunk so low, that the next rise covered it to the depth of five feet. Tbe bottoms of several fine lakes in tho vicinity were ele vated so as to become dry land, nod have since been planted with corn'. In tbe town of Cape Girardeau, were several edifices of stone and brick. The walls of these buildings were cracked, in some instances from tbe ground to the top, and wide fissures were left. The “ great»shake,” as the people called it, was so severe in the county of St. Louis, that tho fowls fell trom tho trees as if dead; crockery fell Trom the shelves and was broken, aud many families left their cabins, from fear of being crushed beneath their ruins. Mr Bradbury, an English scientific explorer, was on a k«*l boat passing down the river attbo timo. On tho night ef the 14th they called at New Madrid for some necessary supplies. The writer says :On tbe nlgbt of the 15th, the keet boat was moored to a small Island, not far from Little Prairie, where tbe crew, all Frenchmen, were frightened almost to helplossuess by the terrible concisions. Immediately after tho shock, we noticed the time, and found it near two o’clock. In half an hour another shock camo on, terrible Indoed, but not equal to the first. This shook made a chasm iu tbe island, four feet wide and eighty yards in length. After noticing successive shocks, the writer states: I had already noticed that the sound which waa heard at the time of every shock, always precoded it at least a sec ond, and that it always proceeded from the same point, and went off in the same direction. 1 now found that the shock came from a little northward of east, and proceeded to the westward. At dayligbtwe bad counted twenty seven shocks, during our stay on the Island. Where this earthquake of Thursday morning was wo are not yot apprised, but we are inclined to believe that it was somewhere in Arkansas. Tbe shock was felt for many miles around. Reports were circulated through our city that Memphis, Nashville and New Orleans were destroyed, but dispatches from those cities do not evon mentien the shock. It may be that a terrible destruction of life aud property has some where occurred, hut as jet we have heard nothing of it. We have some election news from Kansas, and glvo the returns up to tho latest date—upto tho 10th. The returns •how that the Black Republicans or Free State men have carried the Territory by a large majority. Parrott. (Repub lican.) is said to be elected Delegate over Ransom, (Dem.,) by a majority of from 4,000 to 6,000. In many places the polls were kept open for two days, and everything passed off quietly. Wo hope the Black Republicans are now satis fied, and that we will hear no moro of “bleeding Kansas.” There was nothing locally occurred worthy of montion • The receipts of the Fair will be about $60,000. The weather is delightful, but tbe rivers very low and falling. The New York Daily News, of Wednesday last, Hpeaking of the general suspension of the Banks in that city and elsewhere, remarks as follows: Now, what is to be the next move? This places us all at the bottom of the hill. Shall we remain there, or soon begin to climb up again ? Of course the latter, and for this we require no banks of issue. The credit of the Government, thanks to the sub-Treasury, ia safe. It knows no currency but gold and sil ver, and that, fortunately, is not in the banks. Had it been the Government itself, it would have been in the same broken and discredited condition that the banks themselves now are. The Government buys and sells to tho extent of a hundred millions a year, yet it has no connection in any way with tho banks or their miserable notes. All its dealings are for cash —it receives and pays gold and silvor only. Here is a system every man can under stand. and one which will ever prove safe and reliablp. - SMDI such a system be adopted by the State ? Ntf it has proved easy, safe and reliable for the General Government, why not for the State also ? Banks are useful for the speculator—to in flate, to stimulate to dangerous excess, trade and speculation —to advance prices and aid the forestaller to grasp every thing within his reach, in order that he may rob the consumer. The system moves on beautifully and easily for a season—you are urged to take their money—“ borrow from the banks,” but the moment the least pressure comes upon ue, money begins to “get tight," and if you really want a loan, you are refused, and in return, are called upon to “ pay up.” The “ banks must take care of themselves,” all “ accommo dation ” has ceased, your misplaced confidence is betrayed, and be you merchant or mechanic, you must suspend payment. When you do not require money, you can get your thousands trom the banks for tho asking—if good securi ties are offered; but the moment it is really wanted to help one out of a difficulty, which the bank itself has led you into, not a cent can be had, and a “ erisie " is brought about, and “ failed ” stamped upon your forehead. — Such is the practical effects of business men relying upon banks of issue. Banks of deposit and loans are necessary, bnt for every little shop or marble palaoe, with the word “ bank ” written over its door to impose apon the community a paper cur rency, when we have one of gold and silver, if the paper was out of the way, is but a cheat and an imposition, a fact which millions now Bee and acknowledge, where hundreds did ten t years ago. Abolish all notes under the denomination of fifty dollars, which may be used for the larger payments, and this of itself would bring into circulation the two hundred millions of gold we have in the country, where we should have not only a reliable and safe currenoy, but odo that would be of more real benefit to our homo industry than a thousand tariffs of pro tection. 91,660,000 In Gold— California Eleotion. New York, Oct. 16. The steamer Northern Light, from Aspin wall, has over 700 passengers and $1,660,000 in gold, a larger amount than was anticipated. The official vote of the State election has been declared in most of the counties. The total rote polled is some 15,000 less than at the preceding election. Tbe returns show a majority for Weller, the Democratic candidate for Governor, over both Bowie, the American, and Stanley, the Republican of over 11,000. The Republican vote leads the American by about 3,000. The Legislature is overwhelmingly Demo cratic. The people have resolved to pay the State debt, by a majority of 15,000 against repudi ation. The proposition for calling a convention for revising the Constitution did not prevail, a majority of the vote cast at the election was required to carry it, but so great was the indifference upon the subject, that only a jnoiety voted upon the question. The mining explorations throughout the Slate are carried on as vigorously as ever. - Various fluraing companies on the rivers were getting fairly to work, and many of these enterprises were resulting successfully. The crops throughout the State have gener ally been garnered in excellent condition. The emigrants by the overland route, are pouring into the State in great numbers. The great majority of the trains had more or less difficulty with the Indians. Trade in San Francisco and the interior was generally dull. In reply to a resolution adopted by the Sen ate, on the Bth in6t, Mr. Magraw,. the State Treasurer, has furnished the following state ment, showing tbo amount of funds now on hand, and how secured and disposed of: Amount deposited with banks, saving institu tions, Ac., 2® Bank notes, 31,085 00 Checks—J. M. Baum, collector of tolls—depos ited In bank October 7, 13 Relief Notes, 00 Coin, 81J 80 Depreciated bank notes, . 1,070 00 Payments on account of appropriations made to public officers Ac., for which receipts are held, to be hereafter settled in general account, Coupons, Payments made since Ist instant, “What is a Ton ?” —Chief Justice Lewis, of this State, has given an opinion deoiding that the law of Pennsylvania making 2000 pounds a ton was constitutional, that although the -United States Constitution had given Congress the power to regulate weights and measures, making a uniform law throughout the United- Stateß, yet, until they did exeroiße the power, each State had jurisdiction over the subject, within her own borders. Thus Judge Grier’s decision that nothing Icbb than 2240 pounds could form a ton, is overset. Excellent Sentiments. LATER PROM CALIFORNIA, The State Fandi OLD GUARD. 20,435 41 5,275 OO 63,199 28 $535,264 51
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