The Pennsylvania Liquor Law. As passed by both Houses of the. Legislature. An Act to Restrain the Sole of Intoxicating liquors. § 1. Be it enacted, k , That from and after the first day of October next, it shall be un lawful to keep or maintain any house, room or place where vinous, spirituous, malt or brewed liquors, or any admixture thereof are sold and drank except as hereinafter provided ; and a!! laws or parts of laws inconsistent with the pro visions of this act, be and the same are hereby repealed. § 2. That if any person or persons within this commonwealth shall keep for sale, aud sell, or in with any other business or pro fitable employment give, receiving therefor any price, profit or advantage, by anv measure what ever, and at the same time voluntarily afford a place, or any other convenience or inducement by which the same may be used as a beverage, any vinous, spiritous, uialt or brewed liquor, or any admixture thereof, he, she or they, and any one aiding, abctingor assisting therein, shall be deemed guilty of a misdemeanor, and upon eon victiou, shall be sentenced to pay a fine not exceeding fifty dollars, and undergo an impris onment not exceeding one month, and for a second or any subsequent offence shall pay a fine not exceeding one hundred dollars, and undergo imprisonment not exceeding three months. § 3. That if any two or more persons eon spire, or act together, by which one may sell, and the other provide a place or oilier con venience for drinking, with intent to evade the provisions of this act, each one so offending, upon eouvietion, shall be punished as provided in the second section of this act. § 4. That it shall be unlawful for any per sons to sell or keep for sale any vinous, spirit uous, malt or brewed liquors, or any admixtures thereof, in cases not hereinbefore prohibited, in a less quantity than one quart, nor without license granted by the Court of Quarter Sessions of the proper county, on petition pre sented for that pupose, to be advertised accord ing to the first section of the act of the twenty ninth of March, one thousand eight hundred and forty-one, supplementary to the various acts relating to tavern licenses ; but no such license shall be granted to other than citizens of the United States, of temperate habits and good repute for honesty : Provided, That no certificate shall be required .or published as mentioned in the act herein referred to : Pro vided, That no license for the sale of liquors as aforesaid, shall be granted to the keeper of any hotel, inn, tavern, restaurant, eating house, oyster-house or cellar, theatre or other places of entertainment-, amusement or refresh ment. § 5. That the said court, by their rules, shall fix a time at which applications for said license shall be heard, at which time all persons making objections shall be heard. § fi. That it shall not be lawful for the clerk of said court to issue any license as aforesaid, until the applicant shall have filed the bond hereinafter required, and the certificate of the City Receiver, or County Treasurer, that the license fee has been paid to him. § 7. That the appraisers of licenses under this act shall be appointed as provided by exist ing laws, except in the city of Philadelphia, where, on the passage of this act, and there after at the beginning of every year, three re putable and temperate persons shall be appoint ed by the Court of Quarter Sessions to appraise dealers in spirituous, vinous, malt or brewed liquors aforesaid, and of distillers aud brewers, and to do and perform all duties now enjoined by law not inconsistent herewith ; and said appraisers shall be citizens of the United States, in uo manner couneeted with, or interested in the liquor business, and shall be compensated as now provided by law. § 8. That no license shall be granted with out the payment to the Receiver of Taxes of the city of Philadelphia, or to the Treasurer of the other counties of the State, for the use of the Commonwealth, three times the amount now fixed by law, to be paid by venders of spirituous, vinous, or malt liquors, or brewers, aud distillers : Provided , That no licence shall be granted for a less sum than thirty dollars, § 9. That the bond required to be taken of all persons who shall receive a license to sell spirituous, vinous, malt or brewed liquors, or any admixture thereof, shall be in one thousand dollars, conditioned for the faithful observance of all the laws of tbis Commonwealth relating to the business of vending such liquors, with two sufficient sureties, and warrant of attorneys to confess judgment : which bond shall be iq>- proved by one of the Judges of the Court of Quarter Sessions of the peace of the proper county, and to be filled in said court ; and whenever a judgment for any forfeiture or tine jhall have been recovered against the principal therein, it shall be lawful for the district at torney, of the proper county, to enter judgment against the obligors in the said bond, and pro ceed to Collect the same of the said principal or sureties. § 10. That every person licensed to sell spirituous, vinous or malt liquors as aforesaid, shall frame his license uuder glass, and place the same so that it may at all times be con spicuous in his chief place of making sales ; and no license shall authorize sales by any per son who shall neglect this requirement, nor shall any license authorize the sal? of any spirituous, vinous or malt liquors on Sunday. § 11. That any sale made of any spirituous vinous or malt liquor contrary to this act, shall l>e taken to ben misdemeanor, and, upon con viction of the offence in the Court of Quarter Sessions of the proper county ; shall be puuish ed in the manner prescribed in the second sec tion of this act. § 12. That the provisions of this a"f, as to appraisement and license, shall not extend to 'importers who shall vend or dispose of said liquors in the original cases or packages as im ported, nor to duly commissioned auctioneers selling at public vendue or outcry, nor to brewers or distillers selling in quantities not less than five gallons, nor shall anything herein contain ed, prohibit the sale by druggists of any ad mixtures of intoxicating liquors as medicines. § 13. That it shall be the duty of every constable of every town, borough, township or ward withiu this commonwealth, at every term of the Court of Quarter Sessions, of each re spective county, to make return on oath or affirmation whether, within his knowledge, there is any place within his bail wick kept and main tained in violation of this act, and it shall be the especial duty of the Judges of the said Courts to see that this return is faithfully made, and if uuy person shall make known to such constable the name or names of any one who shall have violated this act, with the name of witnesses who can prove the fact, it shall be his duty to make return thereof, on oath or afiirmation to the Court, and upon his wilfull failure so to do. he shall be deemed guilty of a misdemeanor, and, upon indictment aud con victiou, shall be sentenced to imprisonment in the jail of the county for a period not less than one or more than three montlis, and pay a tine not exceeding fifty dollars. § 14. That this act shall not interfere with any person holding a license heretofore grant ed until the time for which the same was e 1 .-hull have expired, nor .shall any license which may be granted before the first day of July next authorize the sale of said liquors or admixture thereof after the first day of October next, contrary to the provisions of this act. "Popular Sovereignty" in Kansas. The following letter we copy, from the Bing hatnptoii llepublirnn is from a respectable citizen of Broome County, who recently emigrated to j Kansas. It is as good an account of the Missouri way of carrying out the principle of •' Popular Sovereignty" as we have seen, and coming from a reliable aud unprejudiced source, is not exaggerated. K AS? AS, Mo., April 2d, 1855. FIMKXD STUART :—We have just returned from Kansas Territory after an exploration of two weeks. During this time, to wit, on the 30th of March there was a somewhat practical demonstration of a Great National Principle, " The principle of Popular Sovereignty." For some days previous to the Election it was evident there was to be a grand demonstration from Missouri, and armed bands of men ou horse back, on mule's backs and in wagons, were seen moving in different directions for the different voting precincts in Kansas Territory. At the time I refer to I was in Lawrence.— On the evening of the 28th, there was a large encampment of some four or five hundred men ou the " Wakarusa," eight miles from Law rence. There was also a party of some seven or eight wagons, (some of them seemed to be I the "leaders" of this " army of invasion,") en- 1 camped under the bank of the Kansas river at Lawrence. Their camp fires made quite a brilliant appearance, aud the frequent discharge of fire arms told us of our " certain doom" unless they had their own way. On the morn ing of the 29th, parties of armed horsemen were seen reeonnoitering the place where the " Territorial Election" was to be held, (it was a log building on an elevated Prairie between two ravines fringed with timber.) After some consultation they seemed to have determined oil their plan of operations ; and after some time the army of the " Invaders" began to arrive. They kept filling up until night, when yon would have supposed " Lawrence must give up the ship." In the evening a meeting was called of the "patriotic" men, which was addressed by a Mr. Bloud, of Liberty, Mo., addressed the " Philistines" as follows : " We have come here (to Kansas) to establish-a Groat National Principle—the Principle of Popular Sovereignty ! which they intend to maintain at the ballot-box on the morrow, (if need be) at the point of the bayonet, the bowie-knife, and the pistol." This sentiment was received with cheers. lie also said there was force enough at Lawrence to carry the Election, and that two hundred of t heir number | could be spared for " Tecumsch," (another voting precinct,) aud therefore two hundred men would take up their line of march for that place, (twenty miles distant.) The drum was then beat, two hundred left for Tecumsch to i be on hand on the morrow to establish a great " National Principle." " What has the North to do with Slavery ?" March the 30th, " The Ides of March has como," but not gone (for Kansas.) The camp of the invaders is all in motion ; a band of men armed with the most deadly weapons are near the place of voting ; their object is to have it all their own way, or have a fight. The badge worn by the Missou rians was a white ribbon tied to the button hole of the coat on the left breast. Whether this is the insignia of the " Order" to which they belong, 1 do not know. One of them said, in case tlicy came to a close fight, it was jto know their men. These seemed to be re strained from acts of violence hv their leaders. They threatened to burn Lawrence, or at all events they would destroy the office of the " Herald of Freedom but the day passed ! and no one was seriously injured. One man j was shot at and narrowly escaped with his life ; j another was rescued by the interference of one lof their " leaders." At first the crowd around the place of voting was so thronged, it was well nigh impossible to vote at all. After wards they formed in columns, and the business went on briskly. The Invaders were in the greatest numbers and of course took tlic lead. Afterwards some of the inhabitants of the Territory were permitted to vote. It was part second of that never to lie forgotten Tragedy —the " Passage of the Nebraska bill." The night of March 30th was one of excitement in Lawrence. The " enemy," although somewhat reduced in number, still threaten to burn the town. The morning has dawned, and the " firing," which was almost incessant during the night has ceased, and the invaders have left. The number of the Missouriaus and others from the Slave States, according to their own statements, must have been seven or eight thousand. The life of Gov. Rceder is threat ened if lie refuses to give the men thus fraud ulently elected Certificates of Election. So you see there is an end to law and order in Kansas ; and anarchy and violence reign for the time being triumphant! I>ut the end is not yet. ltespeetfdlly yours, JOHN BAYLESS. HAH, STORM..—LOCKPORT, N. Y., Wednesday, April 18, 1855.—We had a tremendous hail storm here this morning, during which hail stones fell weighing From two to four ounces each, and some of them measured seven inches in circumference. It was as dark as night during the prevalence of the storm, which lasted ten or fifteen minutes. Much damage was done to windows, &e. ROCHESTER, Wednesday, April 18, 1855. At this point we had thunder, lightuing, and rain only. SYRACUSE, Wednesday, April 18, 1855. We were visited by a very heavy thunder storm this morning—the rain falling copiously, accompanied with hail. Some of the hail stoucs that fell were nearly an inch in diameter. SKUR PAULGEDDES, of Lewisbnrg who disap peared some 15 years ago, with $7,000 belong ing to the bank of Northumberland, lately turned up rich, in California, returned to N. York, sent for Mr. Priestly, paid him about $13,000, being the $7,000 with interest ; then visited his wife, at Mill Hill, and has returned to California to close up his business there and return to this vicinity with ample wealth to live at ease. * ' I |irabfort importer. E. O. GOODRICH. EDITOR. TOW.VXDA: SaturDan XUpruniD, SVyril, 21. J833. DEMOCRATIC COUX TV CONVENTION.—The Democratic Standing Committee for Bradford County, hereby call a Convention to lie composed of two Delegates from each election district in said count}', to lie holdcnat Towanda on Tuesday evening. May 8,1855, for the pur pose of electing delegates to the Democratic State Con vention, and have appointed the following Committees of Vigilance for the several districts of said county : COMMITTEES OF VIGILANCE. Albany —Benjamin Wilcox, John Brown. Armenia —l.vsander Shepard, Ibdiert Mason. Asylum —Edmund Horton, Daniel Wilson. Athens Boro' —Moses Sawyer. D. B. Cotton. Athens lp. —David Gardner, Ralph Toner. Burlington Bora' —Addison M'Kean. Benjamin Ross. '• twp C. F. Nichols, Win. M'Kean. Canton.— lrani Wilson, Samuel Owens. Columbia —Horace Ballard. .John Morgan. Durell —D. O. Hollon. Kdward llomet. Franklin —Jonathan Harmon, Wm. Rlake. Granville —l.uman Putnam, C. I). Ross. Derrick —Goo. \\*. Kllictt. John Anderson. I*Roy —Aaron Kuapp, Nelson Remolds. Litchfield -T. B. Merrill, A. V. D.'Teed. Monroe —Geo. Smith. James W. Irvine. Orwell—-Geo. C. I'risbie, Heber Wilson. Overton —Jacob Hottenstein. Wm. Waltman. Pifit —S. B. Stevens, Ira 11. Smith. Rome —Hugh Hicks, John I). C<>c. Ridghery —Charles French, C. T. Covcll. Sheshequin —C. W. Bnllis. Charles Chaffee. Sylvanm Bora' —l.. F. Goetoliius, Seth Peck. Smilhfiehi —S. R. Crane. C. 0. Huntington. Springfield —John Barrett. 1". J. Bcntley. South Creek —lra Crane, John Thompson. Standing Stone — Alansim Taylor, Asa Stevens. Tmcanda literal —Win. 11. Perkins, P. I). Morrow. " tp. —ll. L. Scott, Dennis Magill. Towanda Worth —S. B. Foster, W. W. Easterbrooks. Troy tioro' —Asa Landon, Delos C. Herrick. " tp. —Funnati Porter, Alonzo Clifton. Tuscarora —Hiram Shumwav, E. C. Wells. Ulster —M. S. Warner. D. O. Chublinek. We//*—.John Brownoll, John Itowlee. Windham -Wm. Sibley W. B. Dunham. Warren —Lyman Arnold. R. C. Buflington. Wit mot —diaries White, George Eberly, Jr. Wyalusing —-S. W. Biles, Justus Aekley. J Vysox —S. Strickland, J. Myer Reed. The committees will call meetings on Saturday, May sth, between the hours of 3 and G, I'. M. By order of Standing Committee. E. O. GOODRICH, Chairman. PROPOSITION lIJ REGARD TO THE N. B. CANAL. Mr. BUCKALF.W has introduced into the Sen- j ate, a bill providing for the appointment for ten ! years of a Superintendent of the North Branch extension of the Pennsylvania canal, with a salary of ten per cent, of the nett receipts of ; the work, and has named WM. 11. MAFFET, J Esq., the present Superintendent and Engineer, for the appointment. We publish this hill in full below, that our readers may judge for themselves of the pro position. Wc have no doubt that any mea sure will be received with favor by the people of the North, which will ensure the immediate and thorough completion of the Canal, and its proper management after it is in use, and which at the same time shall conduce to the interests of the Commonwealth. There is no question but that the radical de fects in the management of the public works of this Commonwealth, arise from the want of individual responsibility in those to whom their care is intrusted. This proposition of Mr. BUCKALEW'.S will obviate, so fur as the North Branch \a concerned, that great evil. We have every confidence in the capacity, experi ence and energy of Mr. MAFFET, and feel a cer tainty that if confided to his care, all that hu man exertion or skill can accomplish will be done to place the North Branch in good repair aud keep it so. At the same time, we would have the interests of the State carefully guard ed, and no advantage given, except what can be secured by the Superintendent, from his energy and economy in managing the work. The Potlsrille Register comments upon the bill of Mr. BUCKALEW as follows :—"The idea of Mr. Buckalew appears to be, to place the Superintendence of the North Branch exten sion iu the hands of an individual, with such an interest in the clear profits as will make it an object to the Superintendent to make the work profitable to the State as well as to him self. That individuals can manage such busi ness better than than the salaried officers of Corporations, is a principle well ascertained iu Schuylkill county, and we rejoice at this recog nition of the truth in the bill under considera tion. " For the first ten years, the expenditures of the Canals of the State, exceeded the revenue by about one million of dollars, as shown by the statement of the Auditor General and State Treasurer to the Legislature last year, and it appears to us that the experience shows it ad visable to test the principle of individual man agement, responsibility and participations in the profits, in the management of those canals, in contrast with the old mode. " This Mr. Buckalew projwses to do, and holds out to the Superintendent to be appointed under his proposed law, the prospect that, by making the North Branch Canal pay a clear profit of nine dollars to the State he shall earn one dollar for himself. In the pit-sent condition of that Canal, such a task does not present a very flattering prospect. Owing to the material through which the Canal passes, the attempt to fill it with water has hitherto been unsuc cessful, and for that reason and also by reason of its defective construction, it is exposed to frequent breaches and land slides, difficulties which will doubtless require the utmost skill and energy of the Superintendent to surmount. But against these obstacles we would opjiose the Schuylkill county idea of individual enter prise, which has been here fully tested and found amply sufficient for similar emergencies. " We are acquainted with the geutlemau nam ed by Mr. Buckalew for Superintendent. lie is the present Superintendent, has the necessary experience, soundness of judguieut, skill aud energy, to accomplish whatever the exigency of the case may require, short of actual im possibility. A Pennsylvanian by birth and residence, he has the confidence of the whole people of the District through which the Canal passes, and the respect of all who are acquaint ed with him iu the State "We congratulate the people of Northern I'entisvlvauia and of the Commonwealth gen erally upon the favorable prospect which Mr. Buckalew's Bill, if passed into a law, will open to the important branch of the State Improve ments a fleeted by it." A W ACT loprovide for the repairs ami completion of the Worth branch Caual. from Pitt stmt Northward. Wiiekkas, The large appropriations heretofore applied to the aliening of this valuable avenue, to the markets northward ami westward, have to this time failed in achiev ing the objects so desirable, and such of the citizens of this Commonwealth as had made large investments in ex pectation of the opening of this improvement, no revenue has teen received by the Commonwealth and yearly ap propriations are called for repairs : Asi Wukkkas, lfy reason of tlie material and formation through which said canal has been constructed, and defec tive construction in parts thereof—great skill and vigi lance in its supervision for years to come, will be required to enable it successfully to compete with rival works yield a revenue to the public treasury, and afford certain and favorable facilities to transporters, who have prepared to do business on this canal : Ano Whekkas, It is desirable at an early day to place this canal in good navigable order, and so to maintain it without other appropriations than those hereby made : §l. Therefore, Be it enacted, fyc.. That William R. 31af lit. the present Superintendent and Engineer, of the North Branch extension, of the I'ennsylvania Canal, may, with in thirty days after the passage of this net, tile, in the of fice of tlie Secretary ot this Commonwealth, his bond, in the penal sum of one hundred thousand dollars, with two or more sureties, to be approved by the Governor—with condition that the said William 11. Mat Jit shall, and will, after tlie expenditure of the appropriations made by this act. advance all such sum and suras of money, lieyoiid the tolls and receipts on the said canal, as may be necessary from time to time, to keep the said canal in good repair any such sum or sums as may be advanced by said Wil liam U. Maftit. and for which vouchers may be produced by hiin. shall lie refunded him from receipts of said canal with interest. whenever the receipts exceed the expendi tures : I'roruled, That until there shall lie a surplus rev enue from said canal sufficient for that purpose —the tost and ex|M'iisc: of breaches and laud slides, shall lie paid from the general fund yearly appropriated for such pur poses. §2. That the said Superintendent, shall, on the first day of December, in eaeh and every year, or as soon as the same may lie practicable thereafter-—make an estimate in detail, of the amount required for the expenditures of the ensuing year, and so much of estimate as may be approv ■ ed hv the Canal Commissioners and Governor, is hereby j appropriated to that purpose, together with such sums as | may tic required to repair breaches, which sums shall he ! paid out of the revenue received from said canal, and j which are hereby specially set apart for said purposes in ! the first instance. 1 §:{. Tliiit the said superintendent shall settle his accounts ! from time to time, and make his reports as other canal of ' ticers are now, or hereafter may he required by law to do, I.lie shall hold his office for ten years from the tirst of l)e -i eemlier. in the year one thousand eijrht hundred and tifty i four, he may he" removed for causes bv the Governor, by ! and witii the advice and consent of the Senate—he shall ! receive after the expenditure of the thirty thousand dol i lars hereby appropriated, for his services ten per ceut. of ! the receipts of said canal, after deducting ail expenses for i repairs, breaches, collectors, weigh-masters, lock-tenders, I and all other agents and employees upon said canal. ! §4. That the said superintendent shall cause such rc -1 pairs and alterations of said < aaal and its appurtenances, ! as may be necessary in his opinion, to give full efficiency ; to the*same, and to avoid detentions of boats, and hiiuler ' ances to operators thereon. | §3. Tliat the said superintendent shall fix the compen ' nation, and havestlie appointment, control and removal, of | all agents and employees on said canal, except collectors : : Provided, That woigh-mastcrs and cargo inspectors shall ' I e appointed by. and with the approval and consent of the j Canal Commissioners. I §(>. That the said superintendent shall, without delay, j with the approbation of the Canal Commissioners, cause the erection of reservoirs, and prepare feeders to supply i the southern part of said canal with water, and to facili , tate the pas-age ot laden lioats northward, by diminishing the current: Provided, That the cost of such reservoirs , and feeders shall not exceed ten thousand dollars, togeth -1 er with land damages, and which sum is hereby appropri j ated for said purposes. §7. That for the payments of debts due on said North Branch extension, and for repairs and maintenance ot said canal during the year one thousand eight hundred and ; fifty-five, the sum of sixty-three thousand dollars be, and I the same is hereby appropriated and for repairs after the I tirst day of December, one thousand eight hundred and 1 fifty-five, preparatory to the opening of navigation in the 1 en-niiig Spring, the sum of thirty thousand dollars lie, and the same is hereby appropriated, payable on and after the 1 said first day of Decemlier. I §s. That the moneys appropriated by this act shall he , 1 paid to the said superintendent, and moneys for repairs 1 out of receipts for disbursement in the manner now prac • ticed, and under like bonds and surety as as now given by j hitn. i §:>. That in ca-e of a sale of the canal, the appointment i of said superintendent shall cease, and the moneys advanc i ed by him shall lie refunded to liini with interest, and he shall he equally compensated for his services by the Com monwealth. 01"it Cm AX TROUBLES. — The Washington correspondent of the New York Courier, who is generally reliable, says that there " is 110 long er any reasonable doubt that serious discus | sious are in progressin the Cabinet, relative to : the courses to be pursued towards Cuba, and that Colonel Davis, Secretary of War, and Mr. Dobbin, Secretary of the Navy, are represent ed to be in favor of immediate and decisive measures. Also, that President Pierce inclines towards their policy." It is farther stated that the Southern advocates of immediate annexa tion declare that now is the most favorable moment for striking a blow that has occurred for many years, or that can be hoped for dur ing many more, inasmuch as the Naval Allies 1 of Spain are fully engaged in the war at the j East. The Xational Intelligencer, which is not ! apt to take the alarm without sufficient cause, speaks of " a desperate game now on foot for party or mercenary objects, or both combined, in co-operation with foreign malcontents, which unless promptly frowned down by sound Amer ■ ican sentiment, will be pushed even to the plunging the country into war." NEW YORK MARKETS.— The Evening Post speaking of the scarcity of wheat says, that the city millers are sending agents south and west to secure supplies. The arrivals during the week have been mainly to the millers di rect, who have bought up all the desirable lots at the southern markets, yet their supplies will not last a month. Wheat appears to be re latively higher than flour. The absence of a supply of wheat with all the southern millers is a very unusual state of things. Many millers in the interior of Maryland have their mills idle. We learn from the west that much of the wheat there has been pre-engaged for the St. Louis and southern markets which will injure our supplies on the opening of navigation.— Much speculation has taken place in the market for pork, in consequence of the falling off in the receipts iu fine Ohio, Indiana and Ken tucky. The supplies of produce until after new harvest, will be, it appears seriously short. THE NEW POSTAGE LAW.— Some papers have given currency to the idea that, under the new postage law, it is necessary to prepay letters addressed to heads of Departments, other offi cials at Washington, and to members of Con gress. This is not the fact, for the new law makes no change as to the franking privilege, and letters can therefore still be forwarded free of postage, as heretofore. PREPAY YOUR LETTERS.—A list of nearly two hundred letters was yesterday posted up at the postoffice in Philadelphia, says the Ledger, as having been dropped in without the prepayment of postage. REMARKS OF MR. LAPORTE, On the Biff to Charier the lyjck Haven Bank. In the House, April 5,1855. Mr. SPEAKER — Before a vote is taken upon this bill, I desire to muke some general remarks upon the question before us. I have viewed with serious alarm and apprehension the facili ty with which bank charters have passed this House. IK ear three and a half millions of dol lars of banking capital has already been au thorized, so far as the action of this House can go, and a great number of Bank bills are on our tiles—enough if passed, to double the bank ing capital of this State. Nothing like success ful opposition to this wholesale increase of banking has been manifested here. Individu ally, members profess to be opposed to this in crease ; but unfortunately, so many are in fa vor of some necessary bank, somewhere, thift they withhold opposition to others, out of fear for the success of their favorite project. A question of great public interest, the cur rency question, is involved in these projects of new banks. Our currency at the present time is in a healthful and sound condition, because of the restrictive policy in regard to banking that has lcen pursued in the main for the last ten veal's. Other states where this policy has not been pursued, have not met the commer cial revulsion of the last year as it has been met in this Commonwealth. We have no bro ken or suspended oanks, while for a time every mail brought us intelligence of bank failures in other states where banking has been excessive. Gentlemen talk about the wants of trade, as though in enacting banks they create capital! They only create paper money based to a great extent upon credit, swelling and vitiating the volume of our currency, enhancing nominal values, encouraging excessive importations of goods, and stimulating all kinds of speculation upon credit. We cry out to the general gov ernment for protective duties, and then calmly legislate here, in a manner to give foreign pro ducts a better chance in our own markets than can be found any where else. A great increase of banking capital must be followed by an in creased circulation ; this increase of circulation must lead to inflation of prices, and under this inflation foreign goods will come in, in spite of duties and find sale in our markets, carrying away in payment our specie ; because, under inflation the prices of our own products are too high for foreign markets, and they cannot be taken in exchange ; hence specie, mainly, must betaken away in payment —undermining gradu ally the inflated paper currency, which enables | the goods to find a market here. Like all un natural forced action, it carries its own pun ishment ; and the commercial interests of the country soon becomes prostrated by overtrading, induced by our banking. Men become excited, they can buy everything cheaper than they can produce it, and we become a buying people in stead of producers. The export of specie pro duces alarm—confidence is lost, and where then are your banks ? 1 n the market as borrowers,col lecting their debts, refusing to discount, tight ening up the screws in every direction, and in stead of relieving distress, they aggravate it. A sound, stable currency is the best protection to our industry, and the great safe-guard of the prosperity of business. Without such a cur rency labor cannot be protected, nor can any business be regularly remunerative. Califor nia gold is steadily pouring iu upon us, and do not let us drive it out by extending a baser circulation. The increase of gold keeps pace with the increase of business—and this great paper supply is not wanted. The people of Pennsylvania decided last fall that a corrupt national administration must be rebuked by a defeat of their party in this State. But what malf in this commonwealth dared to avow that in case of the success of Gov. POL- I.OCK and his friends, this wholesale increase of banks would take place ? 1 have good .authori ty for saving, that Gov. POLLOCK himself, while on the stump last fall, expressed his approval of the policy of Gov. BIGLER iu regard to banks. Great as was the provocation from Washing ton, I do not believe that Gov. BIGLEP. could have been defeated if the people had supposed that his policy in regard to banks would be abandoned by his successor. I believe these thiugs are properly understood by the present executive, and that but few more banks, if any, will receive the executive sanction. 1 am ready to sustain the veto message al ready received, in regard to the Pottstown Bank, notwithstanding it has been denounced as old fogyism and exploded doctrine. Old fogyisui is on the other side of this question, and the doctrine truly exploded by dear-bought experience is the doctrine of the Hon. speaker, who has so earnestly advocated this high-pres sure system, and denouueed the veto message. The doctrines of this message are the doctrines of the people, and are only opposed by those who arc grasping for exclusive privileges to make paper money, and play fast and loose up on the currency of the country. The great mass of all parties have settled down iu favor of the restrictive policy in regard to banking, which was commenced under Gov. SIU-.YK, and they little expected that the revo lution of last fail would be signal for overtnYn ing that policy. It. seems that every knot of speculators iu the commonwealth eager for ex clusive privileges, are down upon us as though they never expected to get another chance.— They have been restrained for some years, and they come on now more eager than ever. I verily believe, if they succeed generally, as it seems they will, unless defeated elsewhere than in this House, it will be their last ehancc for many years. The people will not tolerate such profligate legislation. I call upon " the old iine democracy" of this House to stand up to the principles of the party ou this question ; for if they abandon them, I cannot see anvthing left worth contending for. They will then be obliged to stand upon the rotten planks of " popular sovereignty," as illustrated in the re peal of the Missouri Compromise, and carry ou their backs the fugitive slave law. Their par ty will be distinguished only as the pro-slavery party of the country, and the people will see nothing to induce them to sustain the Demo cratic party when it becomes the mere instru ment of the slave power. A few of the old liners have manfully sustained their old princi ples ; but many of thein have gone to swell the majority in favor of banks, while quite a num ber of members who have formerly belonged to the Whig party, have uniformly voted against these projects during this session. The gentleman from Schuylkill, [Mr. FKAI LEY,] remarked that " the northern members held wild and impracticable ideas, old notions," &e. Wc do hold that it is wise to preserve a sound currency; wc prize highly these old no tions, and we are willing that ours should be the star district of the Stnte upon the currency question, as upon other great questions. Mr. Speaker—lt has already been mention ed on this floor, that during the former period of commercial revulsion, the city of Philadel phia had some $00,000,000 of banking capital, while at the present time she has only $lO,OOO - 000. Still the distress among her business men was far greater at the former period than during the hist years. Her immense banking capital could not save her business men at that time from distress and ruin. I recollect well the severity of those times, when nearly all the banks in the State had suspended specie pay. ments, and when our lumbermen sold their lumber low, and in the neighboring markets at ruinous prices, and were then obliged in mak ing city payments to suffer a shave of from 3 to 10 per cent, on their funds to make them par The presence of an immense banking capitai only aggravated the distress of the business community. The gentleman from the county, [Mr. CrM MIN'GS] contends that this banking capital at that time, was used to a great extent out of the State ; but the fact remains that the citv actually had lietweeu fifty and sixty millions of banking capital authorized by law, within her borders ; and the assertion that it was used in other states to a great extent, if admitted, on ly proves the grasping, selfish ambition of those who wielded it, and the joor dependence that a business community can have on banks in the day of trouble and reaction. He says further, that he is astonished that 1, living as I do, near the borders of the State of New York, with her flourishing villages, and her bauks in almost every village, should be so much opposed to the increase of bauks in our own State. I know there are prosperous vil lages along the line of the N. Y. & Erie Rail Road, some with and some without banks— but their prosperity is not owing to the cxi.s isteucc of those banks. It is owing to the en ergy and industry of her people, who earn wealth by their labor, and not by creating pa per money. We have had banks* in our own villages—the Towauda Rank and the Sus quehanna Rank, but they are now things of the past. Our experience has been bitter and ex pensive, and " burnt children dread the lire.'' Abstract of N. Y. Prohibitory Liquor Law, The New York Legislature has adopted a Liquor Law, the leading features of which are as follows : Intoxicating liquor, in any shape, must not be sold, or kept for sale, except by regular au thorized persons, for manufacturing, medical, chemical, and sacramental purposes. It must not be given away, nor kept at all, except iu dwelling houses not connected with any shop or place of amusement, in churches, iu manufactories, and in actual transportation. Any person may be authorized to sell for the above purposes, provided he does not use liquor as a beverage, is an elector, is not interested in any shop, boat, or place of entertainment, can prove good moral character, and give $l,OOO security not to sell for any other purpose. He must sell only to persons over *2l years old, whom he has reason to believe will use it for one of the above purposes. He must keep a list of his sales, which he must file, and swear to, iu the county clerk's office, every month This list is to be open for public, examination. If he violates any of these regulations he for feits all his stock of liquor, is fined from $5O to $250, and may be imprisoned for thirty day;. On complaint and on a warrant, suspected ' places may be searched, but no private dwell ings can be, unless the owner lias been convict ed of selling liquor in it, within the previous year. When liquor is seized, notice must be given the owner. If not adjudged forfeited, it will be returned to liira. If adjudged forfeited, i: will be destroved, and the vessels containing it 1 sold. Persons summoned as witnesses, who refuse to testify, will be sent to jail. Persons be coming intoxicated in taverns, groceries, or in the street, will be fined $lO, besides being mad? to testify where they got their liquor. All tiucs go to tlie support of tire poor. Upon the trial, proof of any sale will be deemed proof of unlawful sale unless the seller (• can prove the contrary. Persons suspected of having violated the ad are disqualified from acting as jurors in cases under it. Liquor transported anywhere in the Stat'* iu quantities over five gallons, must be marked '• Intoxicating Liquor," and with the name o; the person to whom it is going. Cider may be sold in quantities over ten lons, but none must be drank on the premise? Manufacturers of alehohol and wine frot grapes grown by themselves, may keep and ?e -them. Burning fluids, varnishes, perfumer essences and drugs, may likewise be frceh made and sold. Imported liquors may lie sold in the original packages by the importer, ba; only to persons as above to sell at retail All liquor kept in violation of the act vi be deemed a nuisance. No more license? dn be granted. This provision shall take effd immediately. The section in respect to authorizing aged' to sell for manufacturing and medicinal, chem ical and sacramental purposes, takes effect 01 the the Ist of May. All the other proviso ; of this act take effect on the 4th of July. The New York and Erie Depot Jersey City was entirely destroyed on FridJ - night last, together with eleven valuable car belonging to the company. A large quant" of goods, consisting of wearing apparel, cott.-, and paper, which was stored in the depot."! also consumed. The fire burn for nearly tlr [ hours. The loss is estimated at $-">0,000, I the Jersey City Insurance Company. was no insurance uponifhe cars. The >' ff [ | Jersey Railroad Company's loss will not ex*" : j over $2OO, which is also covered by insuring' CAMELS FOR THE U. S.—The utility of els in the western prairies has been a j of discussion for a number of years. It !> ; *, J about to be tested, for Major Wave intends j 1 go out iu storeship Supply, destined for • : Mediterranean, to purchase some of these , j iraals, Congress having authorized them l "' I purchased for military purposes. Thce iib ' ;: may answer till supersctled by the o"- 1 ' the most certain and most efficient mo u ' conveyance known. ABOLITION OF THE Sr.VMR DUTY IN F' NL ' ( V, —The llousc of Commons of the l-.ngli> !l | liument has abolished the stamp duty on |U , || papers. This act affects the social and(* cal interests of the British Empire m° re L| the war with Russia. It is a eonecssjo ll ; ' people, which will be attended with the [| est results. It is another evidence ot l yj eralizing tendency of the British f*° Tcr " I n >- | seeking the greatest good of the •rreat'" ber.