lation of notes of a lass denomination than ten dollars. MR. BROWKB's AILL RELATIVE TO THE FLOATING DKBT OB RAILHOAD AND NAVIGATION COMPANIES. Sac. 1. Prohibiis said companies from in curring a floating debt greaier in the aggre gate at any one time, than 10 per cent, in the capital slock paid in. And provides that all engagements or promises to pay, within five years, shall be construed to be a floating debt. SEC. 2. Requires all of said companies now hiving >,floating debt of a greater amount, to reduce the some as alorosaid within one yen; from the passage of this act. ** Stc. 3. Makes the President, Directors and other officers of said companies, individually liable lor all the floating debt, authorized or contracted by them beyond the amount here in allowed. Mr. BUOWNE'S JOINT RESOLUTION RELATIVE TO lIIE CON TROL AND RESTRAINT BV CONGRESS OF PAPER MONEY. Resolved, Thai in the opinion of litis Leg islature, the lime has arrived when it he comes the duly of Congress to exercise whatever constitutional power it may pos sess for the control or restraint of the circu lation of paper money in the several States -of ibe Union, and if it shall be found that Congress possesses no adequate power for that purpose, then the Constitution of the U. •S. should be so amended as to confer on Con gress such power. That the Governor be requested to com municate copies of this resolution to our Senators and. Representatives in Congress. ' HOUSE—The House was called to order at 12 o'clock. The roll was called, when 80 members answered to their names, 16 be ing absent. The absentees are as follows: Messrs. Benson, Ball, Chase, Foster, Hill, Brown, Babcock, Backhouse, Decker, ol Smith, of Luzerne;" Brown and Zimmerman Messrs. Wright and Souther, a committee from the Senate, informed the House that ihe Senate was ready to proreedto business. A committee of three were Appointed to inform the Governor that the House was ready to proceed to business. Messrs. Knight, Mamma and Morehead were ap pointed the committee. Messrs. Vanvoorhis and Gildea wero ap pointed the committee to await upon (lie Senate. [Messrs. Benson, Hill, Babcock and Cham here entered the Hall, reducing the number <>f absentees to 14 ] Mr. Gildea offered a resolution requiring the banks to remit an account to the Gov-1 ernor, showing their condition, before any legislation should be had. The resolution went lo a second reading, and was then postponed for the reading ol the Governor's Message, delivered by Ihe Secretary of the Commonwealth. After the reading of the Message, Mr. Husband read in place, on leave being gran ted, a bill relative to the snspension of specie payments, and the better security of note j holders, which was ordered to be printed. Mr. GdJea's resolution was called up, anil being changed to a joint resolution, put upon its final passage. Mr. Jenkins opposed the resolution, de-1 clarrng it impossible lo obtain such informa tion as the resolution required within six days, and pronounced such delay fully. Mr. Gildea answered, that the Legislature 1 cannot act intelligently without information, andfortae want of it might possibly affect injuriously many business interests. Mr. Jenkins responded. Ho did not know 1 that the banks required legislation. The only special information cams from the Governor saying that there is financial distress, and legislation asked for the people. He sugges ted lhat the resolution should a-k for infor mation to be submitted to the next Legisla ture. Mr. Hancock moved lo tltiko out the words "si once,'' anJ insert the "second of January." The Speakei decided that the amendment could only be made by going into Commit tee of the Whole. Mr. Hancock ssked leave lo go into Com mittee for the consideration ol his amend ment. The debate was further continued by Messrs. Gildea snd Kauffman, when the subject was postponed for the present. Mr. Jrukius moved the appointment of a committee of thirteen to consider Ihe Gov ernor's Message. Not agreed to—yeas 17, nays 74. The House then adjourned till to-morrow morning, at 11 o'clock. Harrisrurg, October 7, 1857. Senate.—The Senate met ut 10 o'clock thia morning. The Speaker announced the following as the Special Committee ol Seven upon the va rious bffls relating to the Banks: Messrs. Jor dan, Walton, Laubach, Taggarr, Cresswell, Lewis and Gazzam. The.Special Committee of Five, was also announced as follows :—Messrs. Browne. Killinger, Flenniken, Welsh, and Wright. Mr. Straub presented ten petitions from ei'izenaof Schuylkill county, for the enact ment of a law to remedy the evils ol the sua penaion of specie payments, ltelerred to the Special Committee ol Seven. Mr. Scofield presented a bill for the better regulation of Baoks, and for the security of note holders on the principle of a free bank ing law. Reierced to the Special Committee of Seven. Mr. Souther submitted a resolution, which waa adopted, calling on the S'a'c Treasurer to inform the Senate what amount ol Stale funds are deposited in the banks, and what amount ol bank notes are in the Treasury. Mr. Jordan asked the permission of the Sen ale to lire special Committees sitting during the session. Mr. Wrighl suggested that the Senate might as wall adjourn till afternoon, in order to give the Committees an opportunity to perfect the business belore them. He therefore moved to adjourn till 3 o'clock, which was agreed to. [Mr. Taggan's bill, introduced yesterday, memiy legalizes the suspension until the Ist of January, 1859, and restricts tbe dividends to 6 per cent, per annum.] AfUrnoon Koatwi.—Mr. Jordan, from the select cosMUiUee of seven, reported bill No. ii 1, concerning the banks, wiih amendments. Mr. Browne, from the committee of five, G reported, with amendments, bill No. 2 a sup plement to tbe act of April 16, 1850, regula " ting banks. On motion of Mr. Jordan, his bill was ta -9 ken up, and being passedon first reading, ' was taken up in committee of the whole on 9 second reading. The first section was taken up for consid eration. It fixes the date Inr the resumption of specie payments on the first Monday of ' February, 1859. 1 Mi. Sccfield moved to strike out 1859, and insert 1858. ' Mr. Tuggarl opposed the amendment. He thought the Legislature met to adopt some measure of relief for the commercial and manufacturing community. If the amend ment prevuils it wi'l have a directly contrary 1 effect. The banks will be compelled to con tract their loans instead of expanding for the relief of theirdebtors, and make things worse instead of better. Mr. Jordan took the same view as to the effect of the amendment. It would compel the banks to prepare for resumption instanter j and prevent mem Irom affording relief. This is the vital point of the bill. If reltef is to be extended to the people, it depends entirely upon this point. Mr. Scofield sard his object was to throw the question on the next Legislature. If they thought necessary w hen Ihoy met theycouM extend the time. The amendment was adopted—yeas 18, nays 14, as follows : Yeas—Messrs. Brewer, Brown, Cressvvell, Ely, Evans, Fetter, Flenniken, Ingrain, Knox, Laubach, Myer, Scofield, Sellers, Steele, Straub, Walton, Welsh and Wright. Nays—Messrs. Coffee, Crabb, Frazer, Gaz- ! zam, Gregg, Harris, Jordan, Killinger, Lewis, | Shuman, Souther, Taggart, Witkins and Fin- j ney—Speaker. Mr. Taggart moved to striko out February, j and insert April. Lost by a tie vole—yeas 16, nays'l6, as i i follows: Yeas—Messrs. Crabb, Erazer, G.tzzam, ! I Gregg, Harris, Jordan, Killinger, Lewis, Sel- i i lera, Shuman, Souther, Tuggatt, Wilkins and i Finney—Speaker. | Nays—Messrs. Browne, C'ressWell, Evans, < ; Ely, Fetter, Flenniken, Ingram, Knox, I.au- r bach, Scofield, Steele, Straub, Walton, Welsh c and Wright. t Two motions were made, one to fix the i fourth Monday in March, and the other the first Monday in March, for a day of reaump- i lion of specie payments by the banks. Both i were lost. I The Select Committee had amended the t first section, by adding a clause authorizing i the new banks which were chartered at the I i last session to receive payment for their cap- i itul stock in notes of other banks. Mr. Wright moved to strike out this clause. I He supported his measures in a speech of I t some length. He wanted to keep the new I batiks out of existence lor a time at least. r Mr. Crabb opposed the motion to erase. It I would be undoing what the Legislature did at the last session, and would sweop out the I new banks completely. I Mr. Wilkins made an able and effective ! speech against the motion. He spoke gen- | 1 erally in lavor of adopting some effeciive 11 measures of relief. \ \ Mr. Wright then withdrew his motion, but ; I subsequently renewed it. Pending the consideration of the amend- ' I ment, the bill was postponed, and ordered In j i be printed as amended by the Select Coin- I mince. Mr. Crabb introduced a bill to vacate parts j of Mantua and Story streets, in the city of j Philadelphia. Re'erred to a Committee of | Senators from that city. The Senate then adjourned till to-morrow : morning, at 10 o'clock. Housk.—A memorial from ilie Banks of Philadelphia was presented. Also, one from the Banks of Berks county. Also, one from the Pittsburg Board of Trade. The Counties were then ordered to be call ed ill order, for the purpose of receiving the petitions regularly. Fourteen petitions were received from Schuylkill county, asking for relief. Also, ten from Washington county, asking for the repeal of a certain law relative to Sa vings Fund Institutions. Mr. Momma offered a resolution providing for the appointment of a committee ol thir teen, with instructions to consider the various suggestions contained in the message of the Governor, and report thereon. Mr. Katiffinan read in place an act tempo rarily suspending certain penalties. The bill was read by the clerk of the House. It removes all the penalties incurred by the d2l>' s which have suspended specie payments, and directs that all Savings hund Institutions, shall not pay more |han 6 per cent, per annum. All provisions authorizing loans and discounts, and declaring dividends, to be revived. The bill to continue in force until January, 1859. Mr. KaufTman also read in place a bill au thorizing a loan of 51.000,000 (or the State Treasury. There was a general questioning all over the House, as to the cause of the presentation of sucb a bill. Mr. Ball hoped thaMhe bill would be with drawn. as it would have a bad effect even to discuss it. It would take the world by sur prise, and designing men would use it to in jure the credit of the State. He would vote against any reference. Mr. Mamma objected to the bill if it would revive the relief notes: it would afford a cir culating medium, but the people were oppos ed to any such bill. Mr. Kauffman thought that a relief curren cy was better than the wild-cat currency of other States. Mr. Foster moved to lay it on the table, whicb was seconded, but subsequently with drawn. Mr. Ball moved to postpone the special reference indefinitely. Agreed to. Yeas 92, nays 1. Mr. Ball moved lo proceed at once lo con eider the bill. Carried. The House dispensed with going into Com mittee of the Whole. The first section was read, when Mr Wharton made a motion to postpone indefi nitely. • The motion was seconded by Mr. Hie stand, and prevailed—yeas 93, nays 1. Mr. Hancock read in placo a resolution relative to the final adjournment of tbe Legis lature. The House, on motion, proceeded to its consideration. The resolution provides for a final adjournment at 12 o'clock, M., to morrow. Mr. Hiestaod moved to postpone the con sideration of the resolution till Tuesday next. No! agreed to—yeas 45, nays 47. The question recurring upon the resolution, Mr. Thorn hoped that Mr. Hancock would withdraw his resolution, and if not, he ap pealed to the good sense of the House to vote it down. The House had approved of amo lion for the appointment of a committee of thirteen to consider the wholo subject of the crisis, and now an effort was made to adjourn before the oommillee had acted. He stigma tized such conduct as silly and childish, and hopod the proposition would be defeated.— The country wanted legislation, and il was the duly ol the House not to defeat the wish es of the community. Adjourned till 3 o'clock P. M. jijlcrnoan Session. —Mr.Gildea's lesolution, asking for information from the banks be fore legalizing the suspension, came up on Mr. Hancock's amendment, setting a lime in January next instead of during the present session. Mr. Hancock had moved to go into Com mittee of the Whole for a special amend ment, but withdrew his amendment to per mit Mr. Gildea to offer a substitute. j The substitute being offered, Mr. Hiestand moved to go into Committee of the Whole i for general amendment. I Tn is motion wa defeated, and die question recurred on the motion to go into Commitiee of the Whole for general amendment. Mr. Longaker asked Mr. Gildea to accept ilia words "their condition during the last six months." The substitute reads as follows; That the Cashiers of the several Banks of the Com monwealth make forthwith u list, under oath, of the amount of moneys loaned by each Bank; the time when loaned to individuals and firms. Also, the amount of notes in cir culation, the specie on hand, and the amount of deposits; all assets convertible into specie, together with the particular trade or business in which the borrowers were engaged. Mr. Ball opposed the resolution, because il instituted an inquisitorial power, not within the province of the Legislature. The Legis lature possessed such power to a limited ex tent, and such a report as the resolution con templates would expose improperly private affairs, and there was no right or justice in such a proposition. Mr. Gildea said the report would show whether favoritism had been exercised. Fa voritism is publicly charged against the Banks, and it was proper that the public should know all the facts. Tbe public wel fare demands .this much. Mr. Johns suggested as an amendment, that the word "corporate" should be inserted before companies. Mr. Gildea said it was not uncommon for Banks to throw out paper, and lor persons standing at its doors to hail the parties with the rejected paper to discount it for them Should the report show whom the money was loaned, the Legislature call discover the fraudulent complicity between the banks and those parties. Mr. Thorn playfully said, that il informa tion was wanted for the million, the resolution should embrace the licensed brokers, asking itiem from whom they borrow money. Both sides should be heard, and the chain of evi. deuce thus established. The investigation would be thus complete, otherwise not. Mr. Longaker favored the resolution. No man can object to have his namo published if his affairs are honest. Business men al ways exhibit their affairs to their creditors lor the purpose of acquainting them with the amount of their debts and assets; and litis reason held good in bank mailers as well as in private affairs. The banks acknowledge their insolvency by their suspension ; and their affairs ought to be mads known to the people. The banks of Philadelphia will know, lo motrow morning, by reading the newspapers of that city, of this resolution de manding an investigation of their affairs, and they will be able to give partial, if not full information, within this week. Mr. Eyster held that the r e was an analogy between private debtors, and thai this propo sition was not a correct one. For instance private creditors never require the publica tion of the affairs of a debtor to the world.— Sucb publication would wound sensibly the whole community, and the proposition that banks should exhibit their private affairs as well as insolvent firms, was not applicable. Mr. Thorn cared not a particle for the pas. i.ige of this resolution. The folly of this in quiry is shown from the fact that if. as it has been slated, the Banks are debtors to the Commonwealth a million Pf dollars, how convert this into specie 1 This fact alone shows the folly of the inquiry. The Banks are not here asking legislation. The people —the laboring classes—demand it! No man dare return to his constituency, refusing leg islation in restoring confidence between the Banks and the people. If he did, public in dignation would drive him out as a mtacre attt'. lie earnestly hoped that proper relief would be granted by the Legislature. Winter was approaching, and if not now granted, then neces.-iiy, terrible want, would demand relief. Mr. Calmonl could not sit still while such a resolution was under passage< It would require a violation of confidence, and ere a Banker would violate the confidence of his customers, he woold wind op his af fairs. Mr. Bail raised a point. He said : Whilst Ibis repot! would marshal the indebtedness, who marshals the assets T No one. Such a one-sided report would shake the public con fidence of every business man. The Legis lature never permitted such a gross violation of private rights. Even the Stockholders of banks have no right to ask such questions. Mr. Calhoun opposed the substitute, be cause it required an unnecessary expose of private affairs. The Legislature is convened to legislate concerning financial affairs. Pub lic opinion is feverish, and this was a dan gerous lime to legislate. Information should be bad ap as to legislate wisely. He favored the original resolution. The best men had said that the banks bad done an illegitimate business. If this is true, an investigation should be had- The original resolotion em braced that idea, but the substitute went too tar. He argued that the members of this leg islature held over until the first Tuesday in January, and argued the right to do so in a lengthy speech. The substitute was withdrawn, and the dis cussion continued on the original resolution, which was passed finally. It requires the statement of the oomliiion of the banks to be submitted during the present session. Ad journed. • [The above vote is regarded as testing the expression of a determination to pass no bill legalizing the suspension of specie pay ments.] j STAR OF TOE NORTH. R. W. WEAVER, EDITOR, i llloouiNtiiirg, Wednesday, Oct* 14, 185?. "HARD TIMES.*' I ( It seems difficult for, not only the people | : in general, but for the financiers of the coun- I try, to account satisfactorily for tho present badness of the times. It is said that a mys terious something called a "crisis'' is upon us; and while the effects of certain agencies are apparent in the stoppage of manufactur ing establishments, and in the suspension of banks, the nature of these agencies is to n degree uncertain. Over-trading is common ly assigned as the cause—by which must be moant the consumption of a greater amount of tho necessaries and luxuries of life than needful—for without consumption thore can he no buyers and sellers; and a 'crisis' must be that point of timo when tho members of the community, by a concert of action forced upon thvm by necessity, neglect to pay,— the last pebble breaking tho camel's back. II is unfortunate that at a crisis such as men tioned; the banks should find it necossary to add their quota to the general disaster by refusing to pay their notes. These institu tions either have indulged directly in this over-trading, or indirectly, by placing spec ulators in a position to do so, or they have not. If they have, it is with a bad grace thai they ask our Legislature to legalize ac tion of theirs which is illegal, and to relieve them from effects which they have know ingly brought upon themselves. If they have not 60 indulged, where is the necessity for suspension! It is said that relief to the banks will be relief to the people. Wo doubt it. The board of presidents of the banks of Philadelphia in their memorial to the Legislature, coolly say, that if that body do not afford them relief, the banks will have to go into liquidation, .which means, that, among other things, they will have to pay their debts. Wo are not sure the country would lose by this. True, the golden age of discounts would be at an end lor the pres ent, and business would be as it is now, to a certain degree stagnated: but we have (enough confidence, not only in the energy of our people, but in the inherent strength of the capital of the country to believe that an era of healthy prosperity would soon be inaugurated, which, if not so brilliant, would be quite as real as the prosperity induced by an inflated bank currency. We do not here advocate the abrogation of banks : we only hint that these proposed measures of temporary relief may not only be wrong in ' principle, but unprofitable in practice. Any | thing which will give stability to the curren jcy is preferable to vascillation—to the sys ] tern of legalizing illegal acts whenever it : may suit the convenience or necessities of j private persons or of corporations to be j guilty of the latter. TUB KI.BCTIOH. We are compelled to go to.press while the election is in progress and without waiting for any returns. We have no fears but that Packer will have a large majority and the result will be the election of the whole Dem ocratic ticket. It is true, there is no fury or enthusiasm, (except among a very few Kansas maniacs) and the vote will on both sides be a slim one. Rut though a small vote in general is unfavorable to Democratic success the rule of cool reason and judgment will atone for all that, and guarantee for us a glorious vic tory. More stoppage. We regret to learn that the Iron Dale Com pany of this place have announced it neces sary for them to stop, at present, their two large furnaces with which they have many years been making iron. It is to be hoped that the suspension will only be temporary for while the Company is one of abundant means and sound discretion in its business it will no doubt prefer to do no business at all, ratbor than on unsound or unprofitable one. New Columbus Seminary. Ry reference to another column it will be seen that the Trustees of this Institution are disposed to keep up its character by the em ployment of Prof. Walker in the place of Prof. Anderson who has resigned. The neigh borhood was really proud of this school un der Prof. Anderson and we think it had rea -1 son to be. We hope it will succeed equally i well under ha-uew Principal. Hydrophobia. ' A few days ago a road dog passed through i this town biting such dogs and otheT ani ! mals as fell in his way. He was finally I killed near the town; and since then two ! calves of Mr. Jas. Eyer, residing near town i became mad and were shot. They had i been bitten by the dog. Last Saturday a | hog on Iron street became mad and was also ' shot. The Extra Jfhdalure. he bvefy body is inteiested just now in the doings of ibis body above all other subjects we give a good deal of room to its proceed ings. The space could be filled by nothing more important. Nothing definite has yet been settled: but unless fair terms are given to the people the next Legislature will in en hour undo all that the present one has ac complished. The Legislature will adjourn this {Tuesday) morning. ty As our readers may remember, our County Agricultural Fair will be on the 22nd and 23rd of the present month, Mr. Burrows will deliver the address on the latter day.— Last year the display was very creditable, but it is expected that it will be much larger this year. We know of many good results from the Fair of last year in the way of an interchange of seeds, grains, &c. Lei our farmers bring along their products. tW W. WIHT, Esq., desires us to say that he is no longer agent of the West Branch Insurance Company. ry ii is understood that the new Consti tution of lowa has been adopted by the peo ple, but that the separate clause, admitting negroes to free suffrage in common with the whiles, has been voted down by a very large majority. C 7* We have heard of but five Banks in the State that have not suspended—the Hones dale Bank, Wyoming County Bank, and the Bank of Catasaqua; also, one at Easton and one at I'iitsburg. Mr. Kester, of Derry township, was acci dentally shot with a rifle in the hands of his son. The ball entered in the back of his neck near the head, and has not yet been extracted. His recovery is doubtful.—Mon tour American. SHOOTING AFFRAY. —On Saturday evening last, while a gorman was passing along Broad Street, with a lager beer barrel on his shoulder, a boy playfully pushed it off, when tho germnn became enraged and fired sev eral shois at the boy, with a revolver. One of the shots taking effect in the neck of a bystander, doing no serious injury however. —Tamaqua Gazette. tW The old Hause Tavern, on the road leading from this place to Danville, occupied by Thomas Barr, was destroyed by fire one night last week. There was no insurance on the house, but we learn Mr. Barr had an insurance of S3OO on his furniture.— lCunCy Luminary. IV" The Philadelphia papers mention the case of an old German woman who lias been living upon the charity of her neighboV-, and the benevolent societies for several years pasi, having SI6OO on interest in one of the Sa vings Institution. The secret came out when ihe suspension took place, and the old mi ser hurried in great alarm to draw out her money. 17" A letter from Dewitl, Clinton Connly, lowa, states that wheat was sold there at two shillings per bushel. Clinton county borders on the Mississippi, and Dewitl is only thirty miles west of that liiver, lying ott a railroad. The wheat sold was a good article of the spring crop. A Citizen of Muncy Lost in the Central Amer ica.—Mr. J. Adler Foster who was a passen ger in the Central America, and whose statement we published last week, arrived at this place on Tuesday last, and we sincerely regret to learn from him, that Mr. G. Wash ington Montgomery, of this place, youngest son of the late John Montgomery, was also a passenger, and was lost. Mr. Montgom ery had been sick for some days, and just before the vessel went down, and while he and Mr. Foster were conversing together,ho was washed over board, and was not again seen.— Muncy Luminary. SKRVKD HIM RIGHT.— An old and very sharp broker in Cleveland, thinking to les son the express charge on a package of mon ey marked it 81,600 when, in realiiy, there were $2,340 in the package. It went at that rate, but unfortunately it was lost; and the broker not daring to claim the whole amount, had to accept $1,500 from the express com pany, thus paying SBSO for his sharpness.— The best of the story is, the company found the package after they had paid the broker, and discovered the cheat that had enriched them SBSO. FlßE. —Three frame dwelling houses ill the southern part of this borough, were burned down on Monday night of last week. They were owned by Thos. Wood, Esq., of Muucy Creak township, Henry Cable, and James B. Riley. The fire broke nut about hall past ten o'clock, in the house owned and occupied by Mr. Riley, and had made such headway before being discovered, that Mr. Riley and hie family had barely time to make their escape from the building through a window, and without being able to save a single article of furniture. Mr. Riley's loss is estimated at s7oo— : nsurance on house and furniture 8417. Mr. Gable we believe saved but Utile of his furniture. His loss is about s6oo—insurance on house and furni ture S3OO. 7he occupants of the bouse be longing to Esquire Wood, we believe, saved all their forniture. Esquire Wood's loss is s6oo—no insurance.— Muncy Luminary. EF" The city of New York alone sella three times as many "pore, imported brandies," and foor times as mny "pure, imported wines," annually, as all the wine and brandy producing countries export. Somebody, it is clear drinks a spurious article. The Georgia elections came off on the slh inst., and resulted in tbe triumph of the Dem ocrats. J.C. Brown was elected Governor by 12,000 majority, and the whole Congres sional delegation is Democratic. Tbe business of Cotton Manufacturing is so low at Lowell, Mass., that several mill* tntond sending 5000 bales ol their cotton to Liverpool, England What la said or l(. Our opponent ol the Philadelphia Evetiifcg Argut, talks like a book the subject ol the Legislature legalizing the preaent sus peneion of the Banks. Hear him: "Ilia staled that our Black Republican Governor has called an extra meeting bf ihfe S'aie Legislature, to legalize the preaent sus pension of specie payment by the Banks.— We propose that the Legislature should go a step further, if they are prepared to go as far as the Governor recommends. If the viola lion of the law of the State by our banking institutions is to be legalized, if tbey are to be relieved of the penalty they have incurred, we see no reason why there should nut be a general prison delivery, a universal amnesty and millennium for individuals as well aa corporationsi#Why not—ia r.ot this a gov ernment of Equal Lews and Equal Rights* Thefe certainly, can be no possible distinc tion made between different classes of law breakers. If one class is compelled to suffer the legitimate consequences of their mis deeds, every class should. There should be no privileged classes in the way of legalized I fraud. If a merohani has a note due at a Hank, he is compelled to meet I! ot all haz ards and at every sacrifice, or his credit Is ru ined ; we see no reason why a corporation or debts should be treated with any more leg islative damency, than tha Banks treat those who are indebted to them. Let the Legisla ture extend its fostering aid to merchants who have suspended as well as the institutions that have forfeited charters." California Newt. The steamer Star of the West arrived at New York on Sunday morning, from Aspin wall, bringing a million and a quarter in gold and four hundred and fifty passengers. The news from California is two weeks later. The S'ale election resulted in the success of the Domocratic ticket through the division of the opposition. On the vote for Governor, Wei ler, Democrat, received 40,000; Stanley, Re publican, 27,000; Bowie, American, 27,000. A fire at Columbia, Toulomne county, lie stroyed almost entirely the whole town, only twelve building's having escaped. An explo sion of powder in a burning house killed five persons and oadly wounded several others. Ttie loss by fire is $200,000. In Oregon the Constitutional Convention was in session. In Carson valley a vigilance committee had been organized in conspquence of a number of outrages having been perpetrated. Ir. California, at the late election, a large mapr ity of the votes cast were in favor of paying the State debt. The Constitutional Conven tion project is probably defeated. The late milter and refiner iu the San Francisco Branch Mint is a defaulter to the amount of £30,000. He has been detected abstracting treasure from the coiner's department. Tne collector of the customs at Port Town send having been murdered by the Indians, the citizens succeeded in capturing eighteen of the latter and design hanging them. In Cen tral America a revolution against Carrera,tlie Indian Dictator of Guatemala, has broken out , in that Stale, where the cholera is also rag ; ing. Damage to the amount of £IOO,OOO has been caused by an earthquake in the city ol | l'uria, in Peru, which country still sutlers | under the horrors ol civil war. Wo glean the following from a Lan caster paper:—A lad named White, about fifteen years of age, came to his death at Willow street, in this county, under the fol lowing circumstances: On Thursday eve ning the Ist inst., his sister was married, and after the ceremony a band of " Calathumpi ans" made their appearance, who were fi nally invited iu and treated. Young White drank freely along with the rest, and became so much intoxicated that he lay down on tire carpet, where the family concluded to leave hint till morning. On entering the room in the morning they found him dead. Dr. Frick made a post mortem examination, and a Coroner's jury was summoned, whose ver dict has not yet been received; his death is solely attributed to the excessive draughts of liquor he swallowed! STAMPEDE OF NEGROES.—We find the fol lowing in the Maysville Eagle, of the 22d ultimo: "Quite a stampede of negroes occurred on Sunday night last from the neighborhood of Washington, in this county, and we are in formed that as many as seventeen made their escape to Ohio. They were immedi ately pursued by a party made up on Loth sides of the river, and on attempt being made to capture cno of the negroes belong ing to Air. William Nelson, he made battle and out and dangerously wounded two men, named Pose Waldron and Wm. P. Dare.— The negro was finally overcome by the par ty and brought back to this side of the river, where he is now safe in jail, but the .two wounded men are said to be in a critical condition, and doubts are expressed wheth er either of them can recover. The re mainder of the negroes are still at large." Low PRICE OF WHEAT.—We learn that three cargoes of wheat, about 30,000 bush els, were sold in Joliet, 111., recently, at the low price of 40 cents per bushel. This is a great sacrifice but the reason of the low sale was that the tanners of the vicinity clubbed together to ship their own wheat, got it to Jolliet, and were forced to sell at 40 cents. Wheat in this city on Saturday was 70 & 73 cents, with very light sales.— Milwaukee Americt.n, Sept. 14. DECUNED—We regret to learn, that Mr. Bond, of Milton, positively declines being a candidate for Senator. Private business pre vents him from accepting the nomination. So we shall in all probability have to record next week the re-election of Mr. fiuckalew without oppogition.-£a:. CST The thiee furnace*, a* well a* (he roll ing mill at Danville, are now standing idle. CyTwo counterfeiters were arrested in Piltston last week who are said lo be con nected with a gang near Money. ty The Agricultural Fair of Northumber land county is to be held a( Milton, on the IMh and I6tk days of October The Money Slnrkrt. The Legislature assembled in extra session at Harrishurg jesterday, and the Governor submitted Uiamte*sae. This document sug gests a suspension of the law forfeiting the charter* of the banks, and an early resump tion of spacie payments. We should have liked it belter if the message had given a resumption of specie payments his first con sideration, and ms-le a forfeiture of charter depand on the compliance or non compli ance with that fact. If the banks will re sume at an early given day, ll>e public will probably consent to a temporary suspension of the Ope rat Ton of existing laws. But as thS message points to certain alleged evil consequences "of a 100 early liquidation,' we infer that it contemplates a more length ened suspension than will be generally ac ceptable. The Governor says be fears tile revenues of (lie Commonwealth will sofier deprecia tion "from the difficulty, if not the impos'i bilny of procuring n medium in which pay ment can be made." Fortunately lor the apprehensions of Excellency, the Constitu tion has provided a currency, which is (UHif and reliable in value, and which is sure ic go where the most is bid for it, and flows freest where there is the lean depreciated paper to oppose it. The true way of main taining the faith of the State intact, and of slay ing a depreciation of properly, is by se curing a sound and reliable currency at the earliest possible moment. Embarrassment and depression increase every day that a do predated currency is continued. The recommendation to convert the bal ances to the credit of the Treasurer, in the several depositories of the State, into coin, preparatory to the payment of the next semi annual interest on the Slate debt, is timely and to the purpose. Pennsylvania should never again occupy the discredited position earned by tli< payment of her interest in a currency of less valve than coin. Public sen timent is againsit, and her wealth and inter-* nal resources place her befond any such ne cessity. The recommendation that the "solvent" banks during suspension shall take each oth er's notes, inasmuch as It lavors suspension, but better been omitted; and it is hoped the f.egislature will attempt to tinker up no pnl icy that looks like favoring any such condi tion ol things. The greater the inconveni ence of suspension is made, the sooner will it be over, and the cheaper will be its cost to the suffering community. The Governor's advice that the property of debtors shall be relieved from the opernliot -* of the law by stay ol execution, is bad poll cy, and of a piece with the lone of almost every part of his short message. It looks not only to a lengthened suspension of spe cie payments by the banks, but seems to favor a general unhinging of responsibilities. The great object of the extra session in be attained is a currency equal to coin. It is the one only grand purpose that should occu py the attention of that body. To do this, probably, the community would consent to give the banks till the Ist of January to pin themselves in condition to resume the pay ment ol coin. This time is not to bo given to the banks out of any favor to them, bin as probably the easiest anil most certain way ol reaching relief for the community—for the thousands interested in currency wt.o care nothing about banks, nor the profits or losses sustained by those engaged in them. Bank directors and bank stockholders are counted by lens and by hundreds, as also are batik debters. If tliey have made bad bar gains between one another, it is no matter for a special session of the Legislature.— They must adjust their differences as best they may under the laws as they existed when the entanglements were crea'ed. The great laboring community of the Common wealth, are, however, counted by hundreds of thousands, and being each individually injured by being deprived of a par currency, for them the legislature may, with perfect propriety, afford whatever relief is practica ble. If time is given to the banks to com ply with their obligations to the community to pay specie, it is not done to favor them or save them expense, but to enable them 'n do it at all. Let them collect all that they can of their loans, and as fast as possible pay their debts. If out of every SIOO of bills collected ten pe* cent, is lost in convert ing it into coin, that is their own business, and no subject for legislation; and if the bank debtor has to sacrifice twenty or thirty, or even fifty per tent, of his fancy securities iu meeting his liabilities, that is his own al fatr, one in which the communi'y can have comparatively liltle interest, and certainly is not a matter claiming legislative relief.— Beside?, if the banks require time now, with all the aid of the laws to collect their debts, and time is conceded them because they can not collect promptly, with how much more reason will they, at the end of three or six months, press a further suspension of specie payments, when the means of collection i taxed for them? No—we want no extra leg islation for institutions or r or individuals; all of an extraordinary character that is done should be with the single view of giving the public—the million—a currency convertible into coin at pleasure, aud according to the promise of the banks. The limit of profits of institutions confess edly unable to pay their debts to six per cent per annum, is of a piece with the Governor's recommendation of a stay of execution, and should receive no consideration whatever a', the hands of the Legislature. We rejoice that their is one other recom mendation by the Governor besides that of paying the State interest in coin, that we can cordially approve. Wo allude to his condemnation of the issue of notes or bill* of any character, of a less denomination than five dollars. They would not aggravate and continue present inconvenience. 9n (he whole (he message give* no light a* to the past, and furnishes little hope for the future. The various project* presented to the legislature, a* we Hud (hem reported ill yesterday's proceedings, indicate preai diversity of sentiment in that tody more id difference of opinion than is likely to he conciliated in (lie four or fi v ® day thsft the sesiion i an continue ~ 'L f <-S c>
Significant historical Pennsylvania newspapers