B MI E 3 17=3 D Ifn la En El _. li.latisii of flu ' ti — biest In thsecumigY,kre now shar p& addle ity - blithe.iind individuals, to en extent of ished9hate• is perhaps no, pressor; eatueple "Alba 'fetish of our country. Jolting as* WIP I r, I 4WIA Detb0:71.604141*g9. and : a .4.3sni , itilo9t, A tm ', pnithieuens m meet.* oemeaszy• „putud.' mentkliwito Walla of trait undis-, AV ,bed; .. a ir im,kb TO: i !Alt_als o2l ?Ali ? ed ht nay .mined: " .by ,pvy, , , Isy.. to unme . payment there in ow pro t :I:the, mrjle of this erten. mil 'disclosed , . . "paw . rutenry which might eerie be . . ,it pis r is neelimis to pay the debt due tfflifope. and therefore drawn. Ext heir colon, float the banks, To cop ! tip ; sit eisidaly.of milt, thews issuuttioce „obi imbed woad.twollteir own defeats. wbo „pay th enttaindpallyin !heir-own =NW, whiCh • ka,luitaavaihtithisits them as dtelitre to the - irisitchards to Meet the thmigirdemend. The '4ellsiffiltelianks, therefiati to mei emergencies, ' stiy i , eieeed that de :and praduat • lialw .ws —mud*, co ' ens theiseeamoneda ' Amin end: bf th e tisk - voly moment t cy . wien - fisti ' ilidi of e reLders it met itl i t un rt 1, 9. %* beaks.- -, • inienany °Phis • sa axinumity tin proptinion to the pre MS „ lib -4alay of credit and coategeent typausmauf 01:(11100317'464rttedllialro of property are made „et t o - ume.whealtlNt maim ef purchasing am • - Most eadutted. dal. the Wait calandtms to ma% ~ vidualli ate only,atz litat arm*. , by asp ?_P! skin of their OblepitlMW. Iti Aim bulare *a* ft? -Ps/ Noctithr their 49 10, latilli :u p ' . .,,P4 1 ........ "04.0Pja 4 104 ‘, 0101r it if It 1* 44111 4 °a d 6 ;: t. 7l79otteitts arainiterant le lie. p4r4 ` , ell aistent. ' lxi not indortneed. by ,_.s he 4331;0E4; lisp of small. created by Netioll.st or Ws Governments. ' They are the resoled • thetirmkitiblelawsa trade and credit. In the itichoVewssils tilioih have do strikingly illii : but is tartest' effect, of these la" we have . pen- the KA of the largest capital ai the Union, establishiLet midst a National chariot. end Wolf ,ittrengtheated.os we was authoritatively lo c. i v that for a dude chatter. WI Mere ant an privileger—in a condition . as was a id, mum woodnees and greet " ' ' • merely unable to resist woe • ' bathe SO "Miele to theta, ~., weis it to be evarleoluiskthit therwiddits • ' ' .4442•818f~140.98,ageshiseedie . Irish obligee them, to a great es „ies, to foUnie,the emu* of ethemy Retswitb • matadmilits bypmgme to theirmen witoe „ -esediteee, et ingesyto the. pantadar is which they ado ideated. This depend ” ti llm tne • -et bank, which is isaymportion to the saint of - its debts fat yinttdentra and depositas, is out .;.measly os ethers ;aim tum viamty, btu os all -, &bare which it *thaw centre of unde. MAW books may .' pirithont whorl) affect ledkeg those in our.pnormal eommamal =del; , lles failure of .Uoit - liner is felt at the rive oolitic, attalee Unica. This suspension at New Yet, iit laNtimi L emeywhere, with very few erseeptswee, followed ,as emu so it was known ; thatroosetlyMPlultdelphwituntedintely effect ed the banks of the South nod West in a mophir • ~- manner. Tide dependance of nee whale Rik mobs le. omens Institutions ' a few large ei -4 . ties:la amluand is the laws their organisa tion, bat intone of-trade exchange. The beaks at that centre to • ' currency dew s . sad where it' is required in payments for mew chenille, hold the power of ' those • in •regions rheum it comes ' tie the ter possess no means of resume g them ; so that the vales of individual pro sty, and theprim • why of trade, throug h the• whole interior of the country, are made to depend on fps good or bad management of the banking tumultuous In the greet seats of trade 013 the seaboard. .110 - 1. this chain of dependance does not stop ' hers. -It does not terminate at Philydelphia or New `fork. It reaches across the skean, and ets — Londort, the centre of the credit system. , 'The seine laws of trade,. which give Lb s e. banks ,in our 'principal' ci ti es power ore the • whole 'banking system of ihe ...United , subject the former .in their tan, to the moue . pro Great Itcjisin. It is not denied the on of the New York banks in 1897, which :was followed is quick allecelfiala through , out the Zraiostrandt produced by an application of that power tied it meow alleged - , in eaten .. nation of AIM pmseet tcoOltion .0(.40 large a .. - . portion Omit ha44, - yhot :Meirembmvassments ham &ritualise' the same cause. .• Item tbisialkinee theyeartnet now windy ea asee, hisikkaAita origins credit asameses of IS two coeattlea; it te su ' beast by the current 5-. , , of ttextd.,Mid exchange, centres la latidon, tad he madam almost irresistible by thelligedebts counseled there Warm issehants: oar banks sad oat mates.. It is Ow that unbars:onion of a new halt biltrtbe MOO! distant of tar mows, paces the laidams of Mat village within the ineseaceof the money power to Zugand. it is thusthat era/ - dew debt erhiCh we contract - inghat country, seri. Hay midair oir own cithency, and, exhindi over the pariahs of oat Misuse Ds powerful , Whence. We mama mums from-this fly asking sew banks, ripmat or analketaul Or National. The sanischaira rack hied Mem cow "sauna tome metal of this mom of ma-mit most taually•fetter evert ,Mant iniliiiitica a create- It Js only lig,the ea. • - teett=tbitisystein bas been postteoftete. .- Via we have ieeit made fully altars of tur meow , eas itotubject eta Sum banks and mom* t.: textvasseettretnernmact it a forego last; and , lEs. a usirraimistua4 to thom which Magnate •„", grrimarised,sitaitiim. tadeagenid is the Arm .., _ Algthaltaara mimasageseni,sodatsia. by . - 7,14 Viet, t a d w laudation. watch cowseett • ' than h alt of trade - in our own &Kintyre • -., Met lostetsiddtA - beyond - ad `this. -Ae. - of wangles potieysit 'caprice . ••= emir Waft than she eustrel the otdisr - .... , Itiadatli suave!, -, ions oat to eammelanposi „.I,fit_goodprot ‘ . esqmat, sad moshlees at• • sit,felr messeatclal deal " tacW ' 'weint i lsalw tonsUbm haesdell latlemeel • - "littetedtr; het% Weaken** • 'anfeet . 1. , i -1- Oa_ t thir.Mmet of ledistat ' • Mid atieller la t f"-Prmott es tmathe vedettes' laerof a creddramencir . --,•••rn t lead% Wady 'sheik se iniesdidi Witt ) • >ri V* Usti Vlemelt,. , 4ll. the sainillis time of one • • ZAM at iati ex thoi,amme r tadirectly oh. ty ahem eur butt are seed as ' moored thettele atom - eye.' ' a daytime - s pe titioned:eta Vatted Maws, I have deemed 'C L ”. lbt.i.W . So lOW tles=er settee Mid mits, is yewrowiewi ..• , ..., • *Aslset mane kyle. the mremittea et heira show the . . atheist onr ...- . . a:, v a re . te.emetts the Ise sotto inismisagemest, einie istyaelfdolapiteithebet~hleheteklildla , 4 o vailual 0611,1aliple liaightrkerilanehr eft Midi AL - . ReAk c if - .(ll l lodaidiblitAre ememe wire may Iwo 1 of slatemiefoleapalir 'lady is rediereiew ta iadilkettif Ms MN di la lbahlsk**Maltsfesa lberwesseat or Wake, bias the elegise paigemar bleed divaani fit be ile et le he wipmailaber be ha ,tallediess M beat Ileisholdaar weiedsy.v..Tho Ilew-fis gat bit mbeaikelelleiwekt ofdisaigs - Mod Mali labilleseit apeildlidditrablebstillerlheramplas babemy; And iselrmegViealt Milk isieriell y the-newest die iiillwieelltoesetermeadi sedges isf wmamild aympsthr:llet deal fit t andripmted Whit *add sanowths laid dl ikerar. Does soitthisapast teedewese to the ph. i ~tkiaa Aquino he hmeallsoat.'‘ine:he Isis. , yeasts grows. wady Ihr liatstam devised . foolgsiaredd. then lbw the goserstprosperaw vie itwiratry, and. the labitaille weiturtatiou deoprodocelotowr lake - - smatawes so whisk d neam I We thus Weeded /MI to afar weighty paa mesas to he added w theme wield. I bum cm occesiessirezed, cow ,saismittieg to yola blowledye. we' dieseralwat the peopriety of to the custody of - the piddle asorierfrina . nestiostioas. as Ms asp thing occanredto I ay„oploiou• the format what kW bees gluaitil, The may grand oa which tkom ogre degired by the,lne, ill the peaceable AWm may wigibrof the mosey. thick are de Yhtanied la bedlvideals sad bosael°rust dat a akin of` reat magainwle,sad yet it ay be bewonably itigebted whotbegAndamed lam I hi-sot adesaled with More misshiessem cartgeresewes, ashen penalised to the *weer than to the lewd. , the . e - I at rin str Ung is , behaved= ;attar to t Mei aid to etlebisesesely , ley *hie else lb i t bee, IllldelPlf Iteliblele are aedielded, V:. be wassedoware estakiished towrope,' gad eastbambevebfpoweefol Rata is . ell adart weetimig than dm waft good me talent bo th at the Execettive and Ueda tintrirrellasta. asterdlihkreoniblimitions. learns/ to legistallos, aredlitimel. It hl made the ta ad of haskimg imititadoes sad their stockhoill. ens riargaghost tie Outdo to use their weirdoes far the igcreaw of taxation's/ed. d o l=latkia of a ear b r ia ravetwe ; and, whiteface is airnied,. the s are throbbed 'to t emeasiva Woes w lead tb extravagant oldie, ad weastation. mad are tee beregitemen of d vast debt abroad, sad a suspension ads basks et haw [meowed, therefore, as feree, with the prier - MO of tile POW of Wer.ftweernment being withdrawn Irma dmi enema age of Silber 'Woke or tndlvid WM aid the public matey 'kept by duly 'mint. adVablic agents: , and believing, u 4 do "th.M sock Mb - le the jadgmeat a hieb doeusibm.telhotion god experimice hale prodseed on the public shed. I *ate the enbleet with filla. le is, at all events. eatential to the interesteof the onomumity and the bosoms of she Ooteragieal. Mar • declaim segued be made. iligsti of the argosies 1! that dramatis as Porn mu. ties banlts,l !i the custody end diskursempent of .the Whin money apply, with equal fame to the Mete of titti notes for palate dues. The drlf once ismaw an 4w,m. le ow, instant, l'-e Government la a ergdffer ire d gaires, and in the other foe the noes it adds. They Wad the same esparto pity far using eh.; pellet money., and equally lead to all the evils attendant oven it, dote a bent can es rafely extradite dlicounts on • eremite of Its notes in aka kends of a psalm °Meer, as on one made in I's owe Waits Oa des other maid it would gee to the g.nrettintentheATNlter eeeirity: Abe: in came of faders. the QOM of the hotehohter , roaki be soletter dm *Mot a depodme I am swine that the dagger of laconvisiMme to the public and autemaaabla Waggle upon gland teak - slim boa urged as objections to leg • Mate Yerdeat of the revenue is gold sad site b. objections have been greatly exonerated. ?row the bed intimates we mei safely fix the aziolt of spode to the cosatry at tny toe millions o r d .1 tan, and the sortie% of at which would he em ployed at anyone time la the receipts sod disburse- ! meats of fib Clemenimorst, been It Ito proposed I dame was. made en war: awn woe, ft is mow, aired MOW lemmtchem Missed; eisid lbw sr 1 Ow latitema IT Osage mute grift i vereral tritaftweseld damp Ow that sass be no. =with asemeal appo to tea mean outer deg law, Weald azweismse prom it to be opyrseiske eft iscoweedest. Mks porde:f o r d erimunerly, ea arson heiress tea ceases le blemeedatedir nee.dme warewatively we le believed = WI ilineurould be MU* keit as -or Wads= to theta. Is the pagmeat titillates, which egastiltaue by far tie rotor pertimi el tie teen's. a very tugs phipanlos is illediMil boo Ombra siassionon bones sad Wale orforeigs maagilmagrate, who well dogoods coma" It to them geharally, tem at are dos, cad 'ps - 11111 I remit tie rear ll That the moan( of MO abo remised Is epede i. of isaptalati Our owe whom the residue o(tbe , p cotiarly interested lit emwhich the saelear ote, hat are Demo b-to able to know whet to encore it with the I Residlig, too, Whom en tie r7ue Is heel we, be the G varmint for - renew they have et and use ;item_ la Mace th.ir tat vies or omen there dmits. and the ft well asof theredlty.... m re dra raw • eilsbuneed, frig§ do fact hat, of near leo paid to edit. cons and receiver; dairies the pre mat year, the average amount In their ben! • it any one time hat non ezc-e4rd a million and 4 balk and of the fifteen wilivisa received by the collector of N e w York Woes &mine the piesent year i b.. average siament held b; him, Witte ct to draft wring , each week, has keen km than had a million. The ease and safety of the operations of the Treasury in- keepmg thepiltilic money, are pro motedr! by the Scathe) of its own drafts to e public du The objection ;Aging from having them t long outstanding, might he ob. viated arid yet made Oft afford to inerrhains and banks al' g therp an equividein for ipe cie, - and in AV way greatly lessen the amount actually reviled. Still leas inconvenience will attend the requirement of specie in purchases) of public lands. Such purchases, except wheo made-en speculation, ere, m general, but isingle transactions, rarely -repeated by the same per son ; and it is a fact that for the last 'year and a half, l e l=gstthe notes -of sound banks have ore than a moiety of these paymeoti has *int voluntarily made in spate:, Mpg' a larger praportiou than would have been reed Mi - three, years under the graduatton Prof ( eed- f , , It is moreover's principle, than which none is better settled by 'experience, that the supply of the precious meads will always be found adequate to the uses fiir which they -are re quired. They abound in countries whereto other currency is allowed. - In our Min Settler where small notes MOW:chided, gold and idly r Simply their piece. When drivel to their hjding 'places by hank inspetisicers, a little Siamese in the Community/6m regimes them in a sutlicient quantity for ordinary norposes. Postsge ipiti ether pliblie dues have been collected an cifin ; without serious inconvenience, even in States where t deprechited piper currency has existed for yeses, 'and this,• with the aid of Treasury notes fors part' of Meanie - 1 was done without interruption during the snapen 11 on of 11337. At race' the present thimoyeat, lite disburse. cents of ths Governineor de in legal eutreaerhi tile, hugest' yard e Union—co 'obi Suggests *' departure from rule;, ltd if 'ft' cief bow be successfully car ri ed out it will * witty' attended - IKM +even less difficulty - when hettlencitkrertgini *deemed in. specie. • *deed, outset ' Omit that a wimp °Nit: 'filstiteopldetty . where be rased to the meet* and pernettettf gold' ad pint - in all public transeetiashyvere ft Cat' belt tin' aPPretleaaiss that & surptpatylbe Treasury iilght withdraw I a large'portiali of Whom eiretiletiott, and licit,' it teiprolitelilyfn I/lei/Alit isults. •It would not, in my °plat en, be difficult to prevent such to incoin frontftearting ; but the an. thentie - Mittelman.' Via* I have already sok initted to yes is regard to the netnalmnotrat is MEI MEM 1 0 1 1 4 old IIV View* tha l =tiffi it li V ill =_lE= ladigeerlffillerlitr,„ _,„ eked than As -sllffilli A - q?',1•144.0.t 14 •4 1 ..Min't 1 JILU SIGIOIMOO- ONICOMOST 0,1189111011 Illie - coffiCtifilif Ilitelberwengstden sud.iffiri tie Ifief eeenianni - frikak~mit impaired* die pt* citiorthe . tale kr liieligAtit'sit nitielfle.their pos. perity, apdgiVek - ffiteltil..PUhilityltialf - ,' their dealings. • ? -, -. .1 ' -_,..., , In sammuttly et ottpund+.44 Pc oars, kii'irt vow form erillprobably esker f bei this. scores ealflo •ireedee !It the runnel %bodkin orragi 1/ 0 111h #Pl i n . s . 0 4 ' elk!** Ootet.tto ' of the mustillitstrive; inl citteltapertlyeatitionilo tidttrde - the PAX they pitidith-•toetilifyrtimi them, as ranidltraw the,oblittfabni Cf.flortetblic Beheads careful coasidetafidoi of tlalitbilitO; dikte interests- of the knit will..pennit, thetuttnircherbeier of 6 ea; to ;check to Tarte May.. be froetitillArhy patient levels. ticm, rlitse. IdAIpOINOIO of Wrest •' tuidAtt_dioe OHIO! tAlOlliCa for '_their daltfollo.„d 4 /4Ml'c r .f, ' .; which beset them siaievergett- to Pllneer them strictly to trot performance oT their tatra meant dety, - that-of , aiding the: °pentium of cowlick*, rather than coliatittag their- owe': escheat* adestitige. ?heti aid er aalu .reformarnakit is' belitred; lie'aecaptpli shed withowthe violation of anrof blitisreat prtnci... Pka of the social coetpact, the oreaom of, which no indispensablattoini- joie indeed fang in any wiy whittle 1-14 mid. paitahleti -e=i= s ofrealcapital.' - '' 4 •'• ' '. . --" - ' '. :ao flhmed u havedgited 'Yid st il l exist %titanic", gi .to commercial:inter course pequitty 'tip, . 'without inffelieg• m g . or depreciatinethe . y t oeltimalititig ape , calatioo. Thus- ' plishmitbeit legitimate ends, they have gained the :deist guarantee for. their pinection atad.encoetegekerittn the good will of the commute!. Among* pep le so jest as ours, the same results could not•fail to attend a similar conese.. i The directripervisicutof the banks beings, from the of oar Ocivem~ mein, to the States. which aphorize than. It is to their Legislatures that the people mast main look for action on that-subject. But as the con tof the Federal GoVeromeat in. the though n 1 ss ebt im d m its edt v e ft 'in ue llu ba enc il th e :Pen ba le powerful 4 fn it l becoines our duty to see that ayroper direction is given o it. • While the keeping of ihe public revenue ins separate CM Independent Treasury, and - of canting it in-sold'and silver, will have a salut. influence on the system of paper ere- Sit with hich all batiks ore edeinected, and thus c z lid th that ire sound and well 'managed, it will at same time sensibly check such as are dtherwise, by s at .once withholding the means If extratima . nce alerted by the-iettille,, fonds, and restraining them from ei -:cat We issues of, Dotes which they would be et:meta/lily called upon to *lean. I am Fare it has been urged that this control may be t attained and exerted by means of a National(( Bank. The coastitutimid objections, which I am well known to *Pena* would pre• vent mein eity'etent from . proptiaing or assent ing tb that remedy ; -lint In addition. to this, I cannot, aftq past experience, bring myself to think that it can any longer bot extensively re garded es e time for 'eche purpose. The his. a.., torg of the la e Mideast Bank through all its mutliti*t, s we that it wad not so. On the coutraty, tt in y, after a careful consideratioo of the pi lr he, I think, pre], stated, that at every • of banking . excess tt toorthe lead ; that in SI; and 1819, in IEXI, in 1631, and in Ih OD! vast evansioP, Billowed by distress tegueoriramions, led to ftealtif the stateinsti totioas.l It swelled and maddened the tides of the beiddiegeyetein, batiseleintrillayed-pr safely d' them. dwelt. At a few peewit only was a sa lutary •Olitra exercised, bat an eager desire, cm the can elleiteil for profit is the Olt ightee- ; *Edit aftenrard, its Pea/urea were se et.rwtodards other institatioas, it was because tai own *fatty compelled it to adept them. It end not direr from them Marina* twin form ; ita .. meties eatinated peen the same spirit i t • i felt the sametimptation to penmen ;" d nte' vi= a late7i s t t t ° ex ta it y by una ericri a t was Tert ' - i lf aliened equally with them ; and at least on one occasion, .at an early day, it was saved y by extraordinatry exertions from the same fa t attpded thi weakest institution it pro le o supervise. tuS l In 1 it failed, equally with others, in re d ening Its noteir, though the two jai allow by it s charter for that pierte lied Mot es. I red, a large amount of which mumble to the e" resent time outstanding. It is unej that har ing so east a capital, and strengthened by the use of all the rerennes of the Government, it more power; but while Welts itself, trzirlcirciunstshee,freed from the control which all banks require, its - pramount object and inducement were left the samez--to make the moat for its stdckholders, not to regalia's. the currency of the country., Nor bats it, as far al we ere advised, been found tq be greatly otherwise elsewhere. The national character given to the bank of Etiglan has nia„preve excessive fluctuations in th it currney rid it proved unable to keep off a uspension o specie • payments, which lasted for nearly a quarter of a mato , . • And why•shou d we expect it to be i otherwise 1 A national ' titution, though de riving its charter from a ifferent source than the State hulks,is yet Constituted upon the same pitheiple v; is conducted by men equally expect! to temptatitin ; and is liable to the same disasters, with the addluonal disadvantage died its magnitude occasions an extent of confusion add distress which the mismanagement of smaller institutions could sot -produce. It can scarcely be doubted that the recent suspension of the pnited States Bank of rennsylvanta, of which he effects are felt notin that State iloae; but over half the Ileum, had its origin in a courseJ of business commenced while at was a national institution • and there is-no good rea son-foe summing Iliac the same consequences would not have followed hid it still derived its power from the. General Otivimment. It is in . vain, when the influences anti impulses are the l same to look fora difference in conduct or •. resut: BY meth creations WO da_thontote, but itiaratm the onus of paper crab and paper curreacy. pith, out checking their stimulant evils and le , , .11n . e.r. , 0 ,. .4lie alien of power and the efficiency et . . lion which ens give, so tar from being torat,. me, in practice, poadively•injurnina. Tiny atoneb , en the chain of dependence throughout the llama. 'object{ all pun mole certainly to Woman dallier. and ellei eve. 4 bail moree mat ffedisallr, in th e ant Ille stance. to those oar inees+ cities. and, la tee end, to a ferelgo. polder, . la • ward, 14andot, bet believe that, with the fallanderstandly of die operationeof am banking system which expeitimite has produced, pleb sentiment is not lebeopponal to the amine of • Medical Bank fir. puiromm pa, neceidmita touring vel commities. than S , convected with the 11K,111 operauoas ot.tha petit Ileol. t Yet Oloa anneswee sed aimpc! of din tail ~.siguersife fro* 010 ° Mir" at ° VA * withisemaastond cam a t o ha ove - . • theleffiew. she here , beimiloodel. wt e t rui ~ • abed peeve !Ada Is was effiesatly, UK , , limp of Ms Climetitetion todinvent. Sr . , - _ regal* to,; coiamomey sad tZ2 met et . oolai.". and wheeling *Pea ' auompial cant-hilts at credit,. make say tenm batgokkatiouver a medlor la en ems Geddes. , see?tpuse imetaw impelling the awl*, , *Olaf etiativises7 -.l.ffivey did sm a rm* moz, Pre WieZ a lli t t il aot iP Te l itai a ripate i d ili ttu a t(t hel l : beaked then eifstiag- weia tai swell . to ea extent which nosh. tot/Mats !egrt thearild and 'silver., for which they rids& liva.tha chow. ..eebiVratlita. aria ' tben-with a. cerreacy ffiest • the OPP ibedia,view.cons re medy this men tidily nut With the Staten' from likleilll. lo PioWNl l lo4 ,l 4 l Wellard . e . /. ) 1 4 ailaHilirerieketkierilieTAWNitildaas thonoh theme ii;isaairiacurinvt. I;l 4 Vestlliestletatellestkittkotarishes '. :ifer ltidirilitenbillleit,"itsi laer lira . the :Olilitlitiout of - Csilittilets, Tee that; tufneiat of feet :the 'Priefletegr eciefeteed - en 'blinking nisv pompons have bodirtheir-aoteelbe cerretieyof the touattf; gait theohligattwee 'ltttpresed-14 theseligites'aie violated Vidiii)hit ~,impubrets of interest 'or entigerdetee trot that the mottle! And . sower of the Firma otelettetefferith these' cerporatiolut; Or 'placed 'Under 'theirinfluehee, Fre: ("a them * trial :weight whep - thetr interest ttinnYiptisitletr dr the spirit of be Chnstittitirm Ind haws. TO' the it le' Materiel *hi. Ev i l ther . thee.' estilts . are 'prod by Ore *hi t r;1 dented the tter,liebrtlier , Magee& a ityb. :tem of wide the result is Mine. 'Aflre Ileiilde . Meta linetellef the . tang •Wittuttell of roost of meted& , reltrulorc a rig POW etapted ; would effertAriluisrthe n the th:tinters 'of niiititiber - • t, whieli inipmt ra• Meettrugen- then' UV repe47,, anctwotild t&ea all MtPorations theutehilleolot that they are Alte'stah.rMteof the lifte,itik.FAlM Serrates of the 'people. What is litill•Mintine in effect these Objects Munk smightie idditionallegishdot; or, if that be ittadmttes.it inch further tow ithatinisnl grantaTortestuctiOnt as may bring vs bit* .into the:path - fin* which We haie so Widely wandered. . . -Id ' th emmartime;'ibittlet daty•of the Gene-, ml Cerrinimentibets-operate with the States,. by* wise-exereine of itsnonstitutional po •,. and the enforeemerit Of its' existing - laws. The' cutest to 'Which it maydwite - be further enact metitai 1 bane already &liveried •wad the wis dorn:bf Con may yet *oo* { hum. But, above all, iis incum bb mt. oporus to hold erect principl ll' of morality - andhisr ' continently' rsa executinrom own enotractein acco rdance with the . provisiens pf the - Constitution, and 'has 'se .+ as 4 rallying paint by which•mr whole cottony may be brought 'back so -diet, safe: end honored standard. ' , e • Our retitle will nor long hi, insipsible to the Intenrof thebttionnentaded open thins by the labs system , flat has been opereung on their s•nguiste.weeStie, and- ibidariouuetuireeu r; nor to the m • oecemust. to retrieve them stlverfmrd tevalsermsements. A irtie - weight whietnpresies mph et !ergs portion ed-The pmiple and states, is an enoromul debt; Sorelyn and do senile. The foreign debt clout States, corpora-, Mons, and men ul business. can 'warmly be- less: than two hundred radlkons of dollies, requiring =nten milhons loft dollar* a year to pay .es t, Ttinsum has td be peidobt of the exports•orthe country,,and mnst. of nereesity cut off Mains to that-extent, or plungethe country more deeply intlebt from year to year. It tawny 'to we that the increase of this foreign debt must anew nt the anneal deletand on the exports to 'Mlle Interest, and, to the istroe'extent diminish thet poi is ; and in proportion to OM enlargement of fdreigu debt. ands the consequent increase oi-interest, must be th e 'decrease of the import trade. In lieu of oho comforts which it now Wier-us. we might have oar gigantic banking. instentions, and splendid, but, ti many instances, pandas. raillnwds and canals , , abkrbmg to a greet extant, an retest moo the capital burrow, ed trr construct them, ffie Surplus fruits of a tonal industry for years to come, and securing to posterity AC) adequate return for the comforts which the jabori of their hands Might otherwise have secured. It is not by the increase of this debt that relief a to headlight, hut in is dirninu hon. Upon this point, there is, I; em hafipy to my, hope balure,uat not much in the return of confidence abroad, which twill enable the States to borrow men money, as in a change of public feeling at home, whiCh- mattes ear -peo ple to palms in their career, and think of tai e means by which debts:me to he paid before Ik e; are contracted. If we would escape emharram mho. pubic and private, we meet ream to run in debt. except for objects of nettessitos such as will yield a certain return. Let ibefaith of the States, curporatione„ and individuals, already pledged, be kept with the i saust_ punctilious re- It is due to oat nati clitiracter, as well as to justice, that it eh on the pare of each:, 4,1 be a fixed principle orc duct. But it isehtiores us all to be more ebaryjn-pledging it hireafter • By ceasing to run in debt,and applying the ser prus of our crops and incomes tp the discharge of misting obligations, buying less end selling more, and managing, ll affairs, public a t ti rn- Tate, with strict economy and kugality , , ' ie see our country . soon•recover. from ii ty rary depbession, arising not from natural d perma nent causes, but from those I have umerated , and advance with renewed vigor fri_ itMehreer of prosperity. 1 • - • Fortunately for liis it;thia mbinent, when tie balance of trade is greatly atrainst us, and - the difficulty of meeting h enhanced by the dis turbed state of our money leffairs; - the bounties of Providence have come-to relieve us from the consequences of past envie. A faithful a pith . non of the immense results of the labors of the last season will afford partial relief for the present, and perseverance in the saute course will, in due-season, asconiplish the tem.-. We have had fall experience, in tinier t, of the extraordinary results Winch caei • this respect, be brought about Ma shorinen by the united and well directed efforts of a Oommunity like ours. Our surplus pro fi ts, th .energy and. In: t.ry of our poation and t wonderful id: (as tages which Providence has " sthated-upog dincountry, in its climate, its whiehe produe. tions, indispensablW,to other nations ; wilt, in due tune, afford.aliuddant means to perfect the most useful of Abate objects, for which the States have been nlenging themselves of late in embarrassment and debt, without imposing on ourselves or our children such fearful bur: dens. But 44 trail halloilibly engraved on oaf minds that relief it hot Miterband tit espsdisatat - Indebted astweannot be lessened by borrowing more mese,. or by Manila, t i the,fer n 4the debt. The bate ate of Wto sot to los ts oar:farm by creep lag new deinandsiepon as, *broil Oar etirreney by cannot be luiprovedthe creation of new banks or mote ISSIIES46=I.IIOCII now exist. Al though these devices times appear to give tem porary telie l f i ebeintrientiaairiskl) sogravitte the . evil in the d. tie only)ty retreechinent and re- ' form, bycurtailing pablie nild private expenditures, 'by paying our.debta. 'ait by rettniting ouroaoking 1 Ryan , . that wren To upset effmnal - rata, secu rity!: Abe intim, mil ate eliduting nrosperity. lit array . g the inatitatiorill Cad mile of the General not rnmentioli Co proaloM„las, ras it can with its otited- pre ernitteie hope c ands, y y re . on sty mostmrdialeo.opura - .•-, .• It 'there eliMtd bays beet, • • tae pre et t- . "'at events, doubts Brinimy qua emend a some heated oppesidOn to..every •• • e, cannot sat " tise.us. 1 -7., . - . Deans arepietierly amends . on all 'rebut; ago It is pesulistly lirthe natuteo nab-atones as we ;me now encountering...tit rent. •• 'lsitrgineitte t is• power by 'seems Of the leffitee --' theyrel. pe tt nittettelicitude..lt tidied - .• t • r" • lOW, to gate Itit.thiefsW. CRilta . t. doatiefaverths. t bytilY.WWmilftalatellOtitlt ; ,',. • `44' the cot ; leey. o thrlyed . Walk Width • • :• ..i tia erests I MOO !thlelleisrAtit, ••• . '- •._ . tit iso.- AilS ii, chatsitt tepe. .adenor which • • • elver,' - teL nett td ntivilegoll nenicietiens Births •of #PM U I, *WM and eitraraPlateillikiiik •' .. 1 . 6.: Ve111,3 TAI the manlytittues that give, digeity In bee Men , pater& genivipg - dretri. for laittrions elem. "Wat mad tradden - weatth,Whieb' teeters those•Wm seek themdspendeetoultiose. Whempplytbem-to ailbaltuts flic republieis slispkiity midi. •Wsoutear babiti'a sickly appetite' hit effeasteate initaigence. and an linitadoe.of that redilebriextyneasseor ~...d .w hlelt. Impovetiabed Ma Mdersit -the Itutestriena - ni fotelgelitularandsitiest,th at upon us, dhf,thoes eqyaripolideit ditto, theauestal.• troP dr 1 0 0 1 4 1 1 lint aPktr theoldeet andiumaild !lb:, wart of- net revolutionary struggle, i green ef et. ad/ be acconiplana_ _ Witmer,' ibovements; vita are as •firi44AltalaallUl,ta_mgraaltai4laypounilljai veriburrhat it is the erweitiall tin/damn, tit thegicietteand aptlydiat . vast majority of ouspeople,/1 Paver. peaceably ,to -14af have Alvah a kissed itirielhdow blood s and the saZriSee of I,hamiebdirdit di man rate. Itue.relalt met° the self-denial; deb. t 551 - triotism ofi'our atiantabriC i it* gde t hope .thit. they; C1 0, 4491$ ref `which has been Se ll„ _ t go still 'faltbdie A.,hae Deillusttaiinglftervid tright,) people as free and enAgnmmt: whenever, it Iteiontea t ikeesidt: belies to itelnileitiApaAb7ibriel d gillbrerr by volantarili 10°1144 arprtdftste nets for Lrill7 abuse, and subnuitlitit to" temp rher anentwelfge., oiyin eaertioneYon thenateevasee a the reliktelOuttibtrett beim -belitaavni:tbronyto lal catteetaits a mat thatitillaill WPM by - ibrabwersintntafat, eastntry. ape*, a ted seliancirou.tbe wisdom that mail. iu decision oft. lit .ille‘t sad tbs bummed Impressed.with tire ao Abigation • lama me by the COnstitation, ayl $ before Or kikiet•iititess, with alin e • mum sad - support t bent been an highly bet fe y . s td Masse teadeetee le nre.rumt ants to submit te belt time the grads upon pre yo me l kei. my aW ateANNA, I have ou this as oe' oats DMA] Oft ,. fed my is on lb°, OE4 g 0 a " policy that seem, at the present time, motif llr require tee action of the itoretamte ihatthey will overt* from coolness tbi an bie consideration which the himormem abblecia merit. wed Lean repeat the usurance totem:AMA% that d shall cheerfully' mat ream operate with you in emy measure that will Promote the wafers ofte Union.rd>itrAN hut Washington, Deertnber SI IEA9. anstomees hl USA RE.—After an'anxiot pen of • more thin three weeks, the , eau whi every body is familiar with; we i length able to lay before our , readers the dent"' Message to_ both houses of Coo which was delivered byliin op Tuesday, o'clockawietermined to . givt- the Pubh ,earliest opportunity of, re aditerit, we barn brought on from Washington' They , a about five o'clock. yesterday, afternoon most of them saint disappeared. Desirot our readers should have an early perusal ' importratt 'docutiteni v we Concluded to put paper this moping, though contrary to mokiorial etcetera, which has obtained, i pending alLirork on Christmas ralTt in that all persona connected with the office anjoohe festivities of %hit occarar, fre the to sadcares of liminess. The Mt ire find, is longer than that of the prelims bat the subjects it touches open of comg termt to all, and the amount Of infra whichit furnishes of the - present : coudi our at - Tonal affairs in its relations, both rafkat home, and the operation of. our a Polity, will engage for it, au attentive] The subject of an independent, nation sury oecupies a considerable' portim document, and, thought it rani* Tel many - different views ofit policy, we cp 'the subject to the tarestigatioaliapin .tion of every citizen. Coricterss.—We are not,iit the receip pen Intro Washington city -giving- the of the "Cangrestional proieedinp,"'sitiet day: we lean, 'however, through a Ala paper, that the. b oaine*i tin was the re-Ai:tibia of Mr. Folaiisbet keeper. ~.- : . The House went Into a discussion election of printer. 4r. Anderson mot • the election he postptincil forlbe preset romnititee appointed to report exy of letting the printingvnt to khehigheat and ilso on the promety4 separating neWspiOer presses. This monist was the table by a rote of 114 to 107.- ' • Mr. liyantit moved lhat the clerkle iced to employ-li,,pruiter_tempOrarili committee be appointed , to' inquire !rri could not be donecheeper itiltl by the mode. The House refused rti . =spent der to take up the , resolution, so the I recurred on the immediate - eleettonrisk Another attempt was made te,,PP4 election, which was finally withdrawn motion was Made to ad t inurn and o . rie Presideht informed thccorrimittee appt wait on him, that _tlik meintage-woid livered on• Tuesday at 12 o'clock. VadrrADLE Byrositm PeivEnrstris..—: Orleans American says, " The emirate Men paTernent in Bourbon street 15 t...., te away- The portion between BpniVi s house streets has crumbled iifto wring Wood is the thing after all, as thnymin .pine leg said when the dog bit h.". 7 _ Assnosvoisnon..--The good penile ett's Harbor, (N. Y-.), advertise one- 1 Franklin Dewer, alias Frtukklin Dower log abaqiiatulated -from thatiolaCejafte walked into "them for alinost tuty'tin jewelry, clothing, broits,, hate awl money. Locosra +- A 100 was "e 1 11 14. 41 Wu* yestenlay, w lat. 10 north, about 7 mtloofftbrOm rican coast. Itis anted : , that 31;e0o4 . neared to come from the ,weit,allllosl • was blowing .from _wir4erat.:l4o NorthAmeriam. r. - • A 'lad Arai once despatched to the itleriti pingo 'to requestidm Co Augad i l:iiii rivedalmost antallelegy anih ,Iss:Aie Dad wants yen COthe ups a ••• Make. a prayer, mean&Atotrhalinda little amebae." - • deed] b4vr - Ria ci rti waent 50. year old,. ,sabk:thet tet " TIIII kAgi...." W ' 40 1 1114 Ca". ai sent pecuniary etntarrissutentnit _T mi t' Lion was put to a shrewd' • znentAm. . time sinue,who prptre ' 4 ,r-r*All are calling for ; titeurVoas l',: , 5 r,.- Wiiik,StrstininED.-11tv *mem . tii - eillorgente* iif thilEti it tivai 'tano.l, airs leicatlifielniOrboi alittie yit i 'Ofgills:WOW ffandlift tot 5401 ~ ...a...iliedieight toidi 14 4 r . their -...-,7. • - .i.v.y . ...!.: . • • ' airare 4 -, • 2 -. 4 Fatansmoulfoo Prolol 'afAio ago total= ilevisAiw. rod foi iii i iiripoilonvotiolligroo 041 traimmiNli***Milimil lovelyture,mho' - bid mimes* —4l. VII -. 4 .; •;- ~ • , 1 '-`, t, .I)veoirost;.=-I , loory IVirivieleltd" tosir - Oftlgovlifewq: it imobi 1 . "ii‘edroStovierl bp itiort "it:ic,ty i illilneee. . 9 ' ' "i 41."'": El IEN M Enl 41117 - SaitilA alp ad
Significant historical Pennsylvania newspapers