SATURDAY, JULY 1, lffft.
BAJJK'OF NOItTnUBIBlittLAND.
T.
in our last number, for the information of
eur readers, and to "exhibit the primary
cause on me puft'ofihc Banks for suspend
ng specie payments, we gavo publicity to
uiu luuowing article:
RAG CIRCULATION
greeapiy 10 uio statcment of the several
uanKs -oi UTJiinsylvania made to the Audi
tor General in TW.nmlmr iet it.
d . . w m,.., uii uam, wiu
ispanty between the circulation of notes
anu me amount of specie in their vaults,
Vas ahc leading cause of the present hard
uuius. r or instance, the Uank df the Uni
inn Rl nintr lin.1 Clin Hon r j . i. . .
-- "".a iiu sooouiu oi notes in cir
cuiauon, ana only 3,424,703 of specie
nearly $10 or n6tcs to 1 of specie. The
'situation 6f most of the banks was nearly
as critical; and for example we will conv
the statements made by the Banks in our
own ncignoournood.
Hanks. Circulation
TNorlhumh'd Bank 8295,088
Towanda Bank, 316,875
Wyoming Bank, 59,390
Lumberman's Bank, 259,155
-Miner's Bank of Potts
ville, 207,505
Specie,
&43,008
10,371
7,318
40,227
7,700
iotal, 81,132,073 8115,284
Thus, only $115,284 in specie are held
ay uicse uvc neignoouring banks to redeem
i,i,t)7fol notes in circulation, beinp-
A HI!.!. -, . ... , . O
iu uuu. x ms siaic oi tilings cxlubits
ibe deplorable condition of the Banks when
they suspended specie payments; and their
own statement as abovo shows the cause
"why people have no confidence in these
moneyed monopolies. Give us the metal
lie currency, and if we have but little, we
nave mat little to a certainty.
Notwithstanding the liberality of our
. .... ...
views, anu me general allusions which
governed us in penning the article, it seems
to have given offence in a particular quar
ter, and called forth expressions which
common sense would have (suppressed for
a more fitting occasion. The following re-
Py or rather attempt at smuggling the
truth and force of our statement and argu
ment, made its appearance in the Bank or
gan of tlfi3 place on Tuesday last. We re
publish both articles entire, in order to show
that we never fear giving the facts in evi
dence to our readers in a question which
may equally affect tho rights and interests
of every citizen of the Commonwealth.
Trom the Columbia County Register.
7tag'CirciUation. An incendiary article
under the foregoing caption, under the edi
torial head of the last "Democrat," is evi
dently intended to create a panic, and there
by introduce "the hard times" into our sec
tion of country, which happily for it, has
not been much felt, in consequence of the
confidence which has hitherto been reposed,
in the integrity and capacity of the Nor
thumberland bank, to redeem all its respon
sibilities. It is only necessary to refute
these vile insinuations, and shew with what
flippancy opinions can be changed, (at least
with respect to the Northumberland bank)
to refer to the Democrat of the 27th of
May last, only one month ago.
Under that -dalo, in a leading article, the
Democrat announces the stoppage of specie
payment by the Bank, and states "that this
Course was rendered unavoidable, on account
of the adoption of a similar policy by other
'banks." "It is with pleasure however, that
we can express an increased confidence in
'the Bank, drawn from the magnanimous
conduct of the Board of directors, in pledg
ing their private estates for all its liabilities.
The names of the directors are given,
and the "Democrat" continues: "These gen
tlemcn arc known to the community; and
"we feel assured that no Bank in the intorior
df Pennsylvania can produce so great a com
bination ofuca'fand character in a board
'of directors such a sure guarantee against
'losses to (lie holders of notes. Wo can al
so, as a compliment to the directors of this
Barik,(wTiich they may appropriate person
ally if'they choose,) add the simple fact,
from personal acquaintance, that there is
"no such precarious pcrsonago amongst them
na& Speculator." After such a compli
ment to the Bank and-its ofliccrs.-from such
a source, what has occurrcd-sincc-its pro
mulgation, to change the confidence of ihc
people, and the opinion of the Editor in so
tftiort a time?
Now, ifit be incendiarism to publish tho
truth, then tho charge of our neighbor of
the "Rcgistor" is corrcet, and wc shall cry
ptcavi; tut we must first be convinced of
ho genuineness of such logic. Tho state
ments of tho five Danks nro all true, and
were testified to, under oath, rj Iho differ
ent Cashiers, whon they transmitted them
to 'tho "Aaditor General in December last.
Vo 3rd not, in our tticle, say any thing
against the Bank of Northumberland in
particular, wcr published tho statementsof
all the neighbouring lianKs, anu on gen
ieral principle, accounted for tfic suspen
sion of specie payments. ' Then where are
.die "vile insinuations?" The Bank must
Jbe ashamed and afraid' of itsown statement
or lbs Ban: organ must calculate on the
popularity of its own vicious principles
fc consider the publication of plain facts as
inimical to its luturo' operations. Let tro'th
articles be rea'djanu tho inference must 'be
drawn that tho Bank or its minions are afraid
of their own statements, made under oath
and intended for publication. Is it our
course, in statingaci, that will diminish
public confidence, or is it tho excitement
shch a mere statement induced that will
operatb against the Bank? Certainly, if
the Bank of Northumberland dreads an ex
position of its affairs, no one should touch
its notes; and when a publication 6f its otcn
statement, exhibiting the disparity between
its circulation and specie, gives offence to
any director, and Calls forth such an arti
cle as quoted from the Register, wc would
ndt 'hesitate a mbtnent In pronouncing the
Bankcither unsafe as a depositor)-, or dan
gerous lothc right of frcb discussion. ' In
order, however, ""to show with what flip
pancy 'opihions tan be changed," and to
disabuse any wrong Impressions, we here
republish the article alluded to ns having
appeared in the "Democrat" of the 27th 6f
May last. Wc give it entire, as wo neither
fear a reference to any former of our nets,
nor shall wd ever be ashamed of the truth
From the Columbia Democrat of May 27.
BANK OF NORTHUMBERLAND.
The Directors of this institution, as pub
lished in our last number, have unanimous
ly resolved to slop specie payments, except
FOR THE PURPOSES OF CIIAKQE .TlllS COUrSC
was rendered unavoidable, on account of
the previous adoption of a similar policy by
the other banks of the state. It is with
pleasure, however, that we can express an
increased confidence in tho Bank, drawn
from the magnanimous conduct of the board
of Directors, in pledging their private estates
for all its liabilities. Tho names of the
Directors are Wm; M'Kclvy, J. II, Cow
den, James Hepburn, Wm. Clyde, Peter
Richtcr, Abbot Green, James Merrill, J. R,
Priestly, John Taggcrt, James Hepburn,
Wm. Forsythc, A. Jordan, II. Frick, T.
Coryell. These gentlemen are known to
the community; &. we feel assured that no
Bank in' the interior of Pennsylvania can
produce so great a combination of wealth
and character in a board of directors such
a sure guarantee against losses to tho holders
of notes. We can also, as a compliment to
the Directors of this Bank, (which they
may appropriate to themselves individually
if they choose,) add the simple fact, from
personal acquaintance, that there is no such
precarious personage amongst them as a
sPFCULATon. l nus much wc have thought
proper to say in relation to the Bank of
Northumberland, because at this crisis, tee
must choose between THE SAME KIND
OF EXISTING EVILS, and excite pub
lic confidence in such as wc conjecture to
bo perfectly solvent, or which arc rendered
safe by the obligatory pledges of the direc
tors. We are under no obligations to the
Bank as we arc neither a drawer nor en
dorser on any paper which it holds but
the conduct ofits managers certainly deserve
some commendation tuhtn placed in CON-
J iu'io tvitii some others,
WherV, then, is a solitary expression
which would indicate a change in our opin
ions in respect to the Bank of Northum
berland, or any other moneyed monopoly?
Not a sentence can bo pointed out which
will even exhibit the slightest inconsistency
in our views and sentiments on the subject
alluded to. In our article of the 27th of
May wo set down all Banks as existing
evils, and only noticed the course pursued
by the directors of tho Northumberland con
cern as 'deserving some commendation when
placed in contrast with others.' In our
lost number wc merely published the Bank's
own statement, without one solitary reflec
tion on its character or Operations as an' in
dividual institution, and without the most
remote intention of misrepresenting its fi
nancial transactions. This constitutes the
offence which in the estimation of an edi
tor and a magistrate, entitles us to the ap
pellation of an "incendiary" a hard-mcan-ing
term cither in Us legal or ordinary ac
ceptation. In regard to our course, wc should deem
any further remarks unnecessary, for the
HE-publication of our previously expressed
sentiments, to which the Bank organ al
ludes, are a complete refutation of its "vile
insinuations." However, wc are not done
with the Northumberland monopoly. The
"Register," through its interested advisers,
has "opened tho wrong valve;" and for the
sake of its own veracity, and the interests
of the Bank,lt had.probably done a wiser
act by retaining its heretofore silent and
silly course in the editorial department.
Wc are willing to reiterato our assertion
m regard to tho wealth and private charac
ter of the Board of Directors; but as these
are political times, a crisis in which the
Banks are arrayed against the government
and the people, it may be well enough to
advert to the simple fact, that amongst tli
thirteen directors only three are friendly to
the present National administration. In the
'political integrity of this minority we have
every confidence; but self-interc'st frequent
ly predominates over very sacred principles,
(as was instanced in"tho vote tt Democratic
Scnatbrs on the Mammoth Bank bih) and
we will only consider' them on an equality
'with that fallible na'rt'bflhe human family,
who are prone Ip. the .ruling passions in
speculating times like thc'present. When
we ga'v'e approbation to the conductoT the
Bank of Northumberland, wc done so by
analogy; but "at that time the Bank was
giving specie for its noVes,ybr the purposes
of change, and we presumed no more, un
der existing circumstances, would cither be
required or needed by tho co'mmunityin
this neighborhood. But has'the Bank con
unucd to exercise this liberal poltcyf far
from it. Go to the counter of the Bank
now, and yoU Will discover that it has stop
ped redeeming any ofits noles with specie;
while 'It is a known fact, that lis vaults con
tain mdtc specie at present than at any
former penoa ot its existence. The rea
son of this oppressive conduct is certainly
best khowft'td the Directore; but as the op
poWcrtt of "all monopolies we arc ready to
infer from this obvious movement, that they
have adopted the policy of all similar insti
tutions. Specie, at present, commands :
large premiuai in cither of our commercial
cities, for tho purpose of transmitting tho
same to Europej and the charge has never
yet been denied, alledging that the Banks
arc engaged in the traffic, through the inter
vention of Brokers, who arc the employed
agents to buy and sell the constitutional
currency of our country. In suspending
specie payments all Banks have forfeited
the solemn pledges given on the face of
their notes they have violated their integ
rity as chartered institutions they have
disregarded tho wants and interests of com
munity arid tiiey have evidently exhibited
a soulless determination to thwart the oper
ations, and injure the credit of our prosper
ous government. this luurbccn done for
effect dondf"to excite panic and produce
pressure done to force the charter of a Na
tional Bank . How then can wc excuse
the Bank of.Nbrthumbcrland from a partici
pation in those designing mo vcments, when
we see it carrying out the impotent instruc
tions of the Money King, and when a large
majority ofits Directors arc tho most prom
inent shin-plaster tacticians) and known as
the avowed advocates of a Mammoth Bank?
It is our duly to point out their faults as
well as their commendable acts) and ns a
faithful Chronicler of events', we shall nev
er be driven from our course by either
threats or menaces. They must be their
own apologists; and when they wish to have
the confidence of the public, they must nei
ther dread 'their .own statements, nor au
thorize one of their tools to pronounce such
a publication as "incendiary," Every tub
should stand upon its own bottom) and if tho
concerns of tho Bank of Northumberland
arc in a prosperous condition, and fairly
conducted, it certainly never authorized the
aspersions of the "Register" on account of
any publication wc have made in this papers
Wc shall see under what authority our
neighbour made his "vile insinuations;"
and hence, we shall defer further remarks
for a more fitting occasion.
With respect to the editor of the "Regis
ter" we might retort with more force and
truth, by referring to his continued system
of vacillation and misrepresentation. His
paper has been long and shamefully prosti
tuted in die dissemination of principles, the
object of which' is to rivet the chains of
slavery upon the common class of conimu
nity, and throw our nation into tho vortex
of anarchy. We, howover, shall abstain
from noticing facts so generally known to
our readers, and shall only be induced to
pursue such a course towards our neighbor
when his awn conduct demands it in the
defensive.
SPURIOUS SHIN-PLASTERS,
fCT-Numcrous counterfeits havo been
put in circulation purporting to be the ille
gal issues of yari'ous Corporations, in a
mountu of 33, 50 and 75 cents. This
should prevent any person, even without
dreading the infliction of a legal penalty,
from giving any.ountcnancc to their circu
lation, Thay are generally but meanly ex
ecuted, on very poor paper, and as tho sig
naturei of the officers are unknown, must
lead to-imposition'nd losses, Several per
sons have been committed for this offenco
by the Mayor of Philadelphia,. and will, of
course, ue convicted and punished,
THE NEXT GOVERNOR.
It is certainly an early hour to cdm
mence the approaching' campaign; but the
adherents of the present executive naVc al
the'weight of offices to facilitate their plans
and those who seek only the public good
should probably, by an early demonstra
tion "of union and concert, counteract the
schemes of the opposition. The following
gentlemen have been named by different
papers for the consideration of Delegates to
tho Democratic 4th of March convention
Henry Jl. Rhihlenbcrg, of Berks;
Ellis Lewis, of Lycoming;
Luther Ileily, of Dauphin;
. B Anthony, of Lycoming;
Isaac Slenkcr, of Union;
David R Porter, of Huntingdon;
Lewis Dewart, of Northumberland;
Daniel Sturgeon, of Fayette;
Francis B. Shitnk, of Dauphin;
Chafles J. Ingcrsoll, of Philadelphia
William W. Potter, of Centre;
John Klingensmilh, of Westmoreland;
James mtchanani of Lancaw t.
Tho last named gentleman has declined
being considered in the field; yet the list
above presents an array of talent and polit
ical integrity from which we .cannot bo
mistaken in selecting a candidate. Either
of tho persons named arc pre-eminently
qualified for tho high duties which must
devolve upon the executive officer in the ap
proaching term; and cither, if fairly nomi
nated, must secure the confidence and sup
port of the Democratic party. Let the
candidate be chosen without regard to gco.
graphical distinction let his capacity and
patriotism be his passport, and union and
harmony our watchword; and our hopes
will be fully realized. Wc wish the Exec
utive chair honored by an incumbent who
will not aim at securing the negative praise
of not having done much wrong; but by one
who will fearlessly and faithfully perform
his duties, and be alone content in knowing
that he has accomplished much good. Wc,
however, for the present, can only join our
cotcmporarics in the annunciation of names;
and for the sake of instilling that harmoni
ous ieenng anu action which must eventu
n i i . . .
ate in triumnh to our candidal!? nml nur
principles, wc would suggest extreme mod
eration in expressing preferences by analo
gy. Recrimination can produce no bene
ficial result; while lenient discussion, and a
determination to submit to the expressed
will of the majority, must be crowned with
ill the certain nrc-rcnuisites in rrlnrinnu
4 Jl
ictory. These hints arc thrown out with
a general allusion, and wc hope they may
govern the actions of those who have indi
dividual preferences, Wd have nonci
National Banki'L'his is ntnr tin H.iH.
tiago' to rally the scattered adherents of the
opposition, After falling into tho ditch dug
by their own hands after being forced to
acknowledge their cupidity they seek to
rear up another gigantic edifice based up
on the same foundation as the last, and in
volving an equal amount of tho public in
tercst m its operations, They ask for a
regulator ofthc Currency and they appeal
to the efficacy of a National UnnU. n
only desideratum, and as the most certain
means of restoring harmony to the moriev
miil'nt T !n lr..l r .
( k 111 III
rellect upon the siniatnr mri.nrnnn.
' a uiuuuilll inr nn linnoet mo..
with which the speculators of the country
advocate a measure in iisnlf
calculated to subserve their schemes, nml
consequently, empowered with an influence
sufficiently great to awe the government
into obedience to its mandates, Wc say,
dreadful for to turn to the present condi
Hon of the commercial world, one1 would
think prudent men should fear to enter
again into tho course
dire misfortune. But. no! bunvnil nn win.
he hope of recovering their losses, they
hesitate not to sacrifice the Character of the
institutions of their cotmtfv in rt.;n-.:
of their desire for a National Hank. Be
sides all this the Government would bo
once more linked with th inin.
monied institution and we ask, What
Freeman, what Political Economist, what
x .uuui.cr, wrsncs to see that accursed
again in force? that same dread connexion,
It'll mil Hm . '""I
nn nn
OlCC of th'e nnnnln ni-..J ..
i ... . ,--w'.w Buiwiiu, un
der the administration of An,!.., ti ..
Granting, that such a concern would rcmi
ate, for; atlfne, the Currency of the coS -
iry gaming, even, that it would ho a bc
neht, lor a limited period. wnuU .
same overleaping spirit of speculation stride
again over tho pale of prudence, and grow
faring Credit, which has given the spur
to the present cnlnmiir 'p?.a, .t-
i i . . j. t ue me mucu
dreaded astringency would arrife-and One
,L n e! U'? creati?"s of tho ovcrtradcr
vou d fopprc to their foundations-crush-mg
the precocious enterprise which promis
ed so fairly tihderthcir UiehceagZr
down in their fall the whole fabric Of So
comfort shakinrr tlmvn ,I:,:?..P", ..t0
r . o. 'w a iu unity Uf HID
Government by its collection with e
Ihmk, and spreading a lastimr disJ Zl
Jank and spreading a lasting distress ever
he whole country This wSuld be the re'
SUIt. J,ct U7 ntlt nrontn ...I.!.,
Inrmnlo li r "unvnmn must
prooke It. Lancaster Intelligencer,
' From die S. I.awrAncf Republican;
Gen. Putnam rivalled. On tho 18th aX
March, whilst travelling through the woods
on the S. Havan" tract, town ofPitcairu
St. Lawrence-county, I came across the
track of a panther, fom the appearance of
which 1 judged h'e had passed recently.
I immediately returned home, procured Ihy
dog and rifle and started a pursuit. Having
followed him in a zigzag direction about six
miles, 1 unexpectedly camo to a ledge, into
a fissure of which he had entered. Believ
ing I waa about to havo a littlo sport, and
not preferring child's play I dropped a sec
ond ball into my rifle, preparatory to the
conflict. Scarcely had I effected this last
act, when casting a searching glance upon
tho cavern, I Ipehdld two shining balls, ap
parently emitting sparks of firo These t
knew to be the eyes of the Panther, and im
mediately bringing my rifle to my face, 'lei
drive,' and sent, in my dog. Those who
have heard the low sullen growls of a cal
when fighting) can form some idea of the
growls of tho jiantHer at tllfci time (always
uuuiiii in iiinm ui.u mu puss Will WC!o-l
only 8 or 10 pounds, whereas the panther
weighs about 200.)
At tho place where the panther entered;
the ascent was nearly equal to that of the
roof of a hoit'sd for twelve or fourteen feet;
then extending downward Under the floor
of tho entrance' nfiariy lo thd place where
I stood at which place there was another
opening, hut covered with snow two or
three feet deep. I reloaded my rifle, and
in the mean time, tho doa and the nanther:
apparently in "close communion," had de
cended to the lowdst aperture. Judging
trom the Shrieks 01 the dog that the contest
was an unequal ond-, I threw aside mv rifiV
due away tho snow, and iinmddiatnlv nnlUl
him out. The Panther then ascend! i
the top of the lower cavern. After making
the aperture sufficiently larcc. I crawled in
six or seven feet, taking my dog and rifle
with me, when, upon looking nn. nt ihn
distance of sdven or eight feet, I beheld the
same glassy eyes darting their fierce lustre
upon me. Like the boy in quest of the
bird's nest, with much ado I succeeded in
bringing my rifle lb bear upon his head-
again "let sliver," sent my dog forward
and immediately backed Out. rnlnndfi! nv
rifle and prepared fdr another onset, should
occasion dcmalld. This I reheated three
times in succession, dacli timh snmlih
dog forward as a feeler. The fourth timd
I sent in my dog, they soon camo down to
the mouth of the cavcrii. the
out, the Panther having him by the nosd
and his claws grappled into Ills shoulders,
the dog of cdlirse haviritf Hi tin fin r in w nP
the panther ni lus liloUUi. Tho object of
the dog being evidently to get out of the
cavern, bringing the nanther with him. A
soon as the panther's head came in sight.
,,reu a will into his forehead and herd
terminated hiy spbrh
upon examining the head bf the pahthef,
found that every ball fsiv i
takdtt dilceti One evn ikit-7,H,t, ihH ij
of his tdngud ttdt off, tddlh kiidukdd aul,
&c, all of which CdUld IIOlllaVB been effect
ed by the latter shbl, NdtuMiBlatidih nil
this hd fought like d Hintf. illiislr.ili.iir ni
ofUl? axioin Ulat "the ruling passion
01 life is slront? CveH hi iloniM t
dressed the skin and hatiil.Vnmnltr Bi,,nl,t :ii
so that any ono can see it by calling at inV
residence in Edwards, Length ten feet.
H)u. ELIJAH HAINES,
Edwards, March Ittth, 183?.
A Yob.vo Moses Amnn. nt.. -.--.i-i.tj
. , , u -ni- .iiMaihauft;
llCldCIltH COmiOftCll With tlin Inn .!,.:.. n.l.:
more, it is slated by iho Itepullican, that onthefo 1
Iowtng day a cradle tvlth a living child in it, w
Th. flying down the strcaiiK
The child i stated to have been quite composed,
and entirely Unconscious of danger, at tho time i t
uwincmang rwcucn lrom its perilous situa-
Another Sarahs The. S, t.,.:- us ; t..
rtibltcan, says: " "uu" 'VD"
'A gentleman from the Southern part or the State,
IZwt "'r U,at "V, in Jefferson
county, the wfe of a respectable citizen, herself GO
y -u f "ft Panted her husband with twi
children, Tho Ubamlwhowas thus honored
at ledst 80 years of agd I"
Abmit titty thtlUartd bushels
t i i,', 7. ' """ considerable nuantitv
vn,7r . ","Ctn fctalef'' at wheat his ad
vanced, and sold from 1C to 20 per cent hiW
Way last, tHan for several Us "
Major NoaV T,!.r,i t , . .
ii, u : ,v,r' ""cBiionucni says tint
trie king is said to havn ,Wii.,.l ':..!...., . . ;
to a dissolution 0f I'arliamcriL IlE " ' ,B-
rcnortwl- M r l i, a u ,I,S w are even
f m ".. . I I'ord Melbourne, rfyoii cannot ctt
Oft .vith tins Parliament, I think you L.t Zff.
itot TT f h Jo"lon herald, vnhiuf?
House ! 'kfsay that tho keeper oftho Poor
bodM r?di",S ?rofth,lel-"""llhimto
rem
doll'lZt 'f'"" I'""m.e nothing to
ZT 1 A ""!.J qoodjood, and aretreattd like pr itu
artdfriT' " lhe i0.unlrU' Com. out yourself,
too bank of a beautiful riven''
JZ.hrr-Yoxm Advertiser
000 i'V?U.mb.Cr of Voters In that city at !0d,
one'ha.?nV;lrd-f yeMb IllationNow
one half of tho inliabtanu under ten years of age,
&tTJlfr of?Vninder arofemaUs, wothink
nllr1" " ?60d .de',, 100 lar8- hwevcr tho
hESf.TkCW, U 50'000' tlre "nnonnt of money
SlMO fi in"mok't P day each, would be
MiffiHi PCr T' An mount nearly or quit
nuflicicnt to supply the city with bread.
ael.l'n l0""' ,,M nfound London,
XnW.fir. oneofwfcom I. a baronet, for
combining , ti,wU Bcntlman of fort'un.