'lke Ihmm Orlukrn* <•' speculation. '" A hair of the dog that bit you," used, it is said, to be regarded as a sure protection againsthydrophobia, and it is well-known that the matt who has draok too much over night requires a proportionable drntn'in the morning to steady his ncrvea, and put him in his sober senses to .resume bushier- The same plea is now urged by those whs -contend aguiosi the speedy resumption ol cash payments. AU admit that we have Toon sadly bitten by the mad dog of speculation, that we have drank too freely of the genie! wine of Cliedk, .and flipped pretty treelv into the raw whiskey Of wholesale speculation. It has been chiefly by wholesale indeed that this movemmtt has been made, and therefore, without extending to arry very large portion •of the community, has chiefly intoxicated a few of the very wealthiest capitalists of the country. With time and with the aid of extended banking facilities, they hope ■by degrees to work the thing off without failure. This is much to bo desired. But if t tie it losses are to be diffused through tho ■community in the shape of broken bank lulls and an irredeemable ever depreciating paper money, causing every honest, hard working man to lose part of it in the shape of a discount of ten cents on each dollar he earn, better far let those who have specu lated in the railroad stocks and western lauds fail at once, and the hoi est merchant and mechanic and farmer meet the issue there, than have a long agony of suspense, a death by inches, and an engine of gradual destruction in every paper doilar Vet this must be the result, if paper is irredeemable on demand for a longer period, it will de cline in value as the gold silently slips out of the country. The Stock Kxchange has been grievon-ly jnto.vicat-d, stimulated by drams furnished by New York bar ks for years past,and cred it must have a morning dram, it is said, just enough to steady its nerves, in the shape of accommodations. Our Philadelphia banks have done a grovious mischief in suspend ing specie payments. Tlipy should have bought up specie all over the world, and at any price, and met the siiock like men; bought it, not for their notes, hut for bonds payable in six months and a year hence.— They should now do this. As for that last act in die drama, tho sus pension of the New York banks, the more closely it is looked into, the more it wi I te found to U- like nothing else than the con duct of a drunken men who smashes the decanter of tho barkeeper 1 ceause he refu ses to give him another drop. The batiks certainly acted treacherously. I hey thought there was no harm in telling alio to a drunken man. They putted the mail reel ing and writhing under the effects of specu lation on the back, told them they were their friends and would pull them In rough, and see them sale. But when the weekly report eaine out. it proved ihat they hud tied up the taps and emptied the decanters, and were not going even to provide tho dram next morning that could alone save them from mania-a-potu. it not to set them straight again. Then it was tin I in panic, but rather in t'fffigriit:rr, that the merchant# resolved to smash the decanters, that is to break the banks by withdrawing their do posits and running for gold there was a method in this madness too. They thought that a spree ol this kind would make the banks m tho end more lib ,>ral.—that to create universal suspension would enable the banks to aeconimouate them and give them lite coveted dram - Just when we were looking lor an early resumption m d tor the strei ;.ih et Now York to stem the tide, it gave way and has made the wotk ol a speedy resumption more difficult. We have no dspo-itou to quarrel over the broken gl iss. or discuss who llung the first stone. We take it as a drunken frolic and admit thai otter such a scene men must softer themselves with a dram next morn ing. But the danger is lest they should go on steadily and regularly, loez.i.g and and drinking day alter day. making the thirst produced by each dram an excuse for another and another. The tact is. this speculating mania and suspension may begin like dram drinki u. but it ends like arfrnie fntiiic. In the A'ps this is common, ai d arsenic in small regu lar doses t.epls the complexion, and stimu lates he system into the ruddiest health Ba once begin, and you must go on inerea siiu the quantity, a 1 d HI the end, either die ol the re-aclioi in breaking up the hal :. or die of poison by the repetition ol the dose. No if is with suspension. It makes the money market easier, and lor a short time, it may be necessary, as thi.sg# are. I the long eou'inuance of it will be death to ev erything The pressure on the money market was briugingin gold rapidly. Specie was treight •ng vessels from London, hard as all Lnrope is pressed at this lime. But now spei ie \v til cease te flow in. But the panic created in I-ondon will probably cause it to flow out from Ihi#•couufy, and as this takes place, notes will ileoL.iC hi value I SPUN NAMICS —•Toor" or "pore," w}...H nre found W make the tei.'Uinaiion ot so many Indian cities and settlements, s-gt.i --lies town. Thus, Nagpore mcar.s 'he town of serpents —a definition. 1 y the vv ay. su. jiciently appropriate when we u fleet ■ u 1 e i.-cache to us character ol the Sepoys y whom it was sar recently garrisoned. "A t vd" and "patarc" also signify town : Hy- , herahad being Hyder s town, and I-cr. tga patarc —from Neringa. a name ol a g*>d Yiahnoo— being lire town offerh pa. .Via- Labad, foaa "Alrah. God. and ••a'nao. nbode, means the anode of God that city being the capital ot Atrra, >he chiet school of the Brahmins, and much resorted to by I pilgrims. Punjaub is the country ot the Five Rivers, and l>oad is #ppl*d to a part 1 of a country between two rrers, ..... A Stwcm ßans —Tfca Rhode IsltndCen e-ai Bank, aceordingjo isteewrnr it# con dition published on the Jsth ins*-, bad a c-r- , eolation of S3A "02, ond josl seven dollars , n specie! This is inflating thecurreacy artih a vttigeaoce. . General <i (be ft ink*. We yesterday presented the view# oi Hon. James K I'olli upon the banking sy*|e t n, and iho*e abuses which are inseparably connect ed with it.inr ili purpose ot educating and informing Ihe judgments ot' the upon thermal qne-iion of currency which i- now jrn-lly claiming a prom merit posinos in (lie affair* of lhi country. To-day we give the view* of bunking of lliul groin aposile ot ile mncrticy, Andrew Jackson,on Ihe subjoin.— Hear what the old Horo says in his fureweli address to liis countrymen:-— Ptnnsyh'anian. "i'lie severe leeeone of experience will. I doubt not, be sufficient to prevent Congress rbariejmg snclt a niiuinpudy. (us the Bank of llie L'mleil Shifts,) even it Hie con stitutlori did not prevent an 'insuperable ob jection to it. Bin you mint remember, my hllow ciii/erts, that eternal vigilance by the people lis ihe price of liberty; and that yon rr.-csi pay Use |>Tice if yon wish to secure the blessing. ] i behooves yon, therefore, to he watchful in your States, as well as in the Federal Government. The power which the monied interest can everci-e, when conceit rated under a single head, and with our prescnl system of cuirencv, Was sufficiently demonstrated in the struggle made by the bunk of Ihe U.S. Defeated in Ihe General Government, the same c|a*< of intriguers and politicians w ill now resort to the Slates, and endeavor to obtain there the same otganiga- Port which thev tailed to perpetuate ill the Union; and with specious and drceiilul plans of public advantages, and Stale interests, and S'ate pride, they will endeavor to establish, in the different States, one monied institution witlt overgrown capital, and exclusive privi leges sufficient to enable it to cnn'rol the op eratinns of the other banks. Such an insti tution will be pregnant witlt lite same evils produced by the Bank of the United Stales, although i>a sphere of action is more con fined; and in the State in which it is charter ed, the money power will be able to embody its w hole strength, and to move together with undivided loiees to accomplish any obj-cl it may wish to obtain. You have already had abundant evidence of its power to inflict in jury upon die agricultural, mechanical and laboring classes of society; and. over those whose engagements in trade or speculation render thein dependent on bank facilities, ,he dominion ol Ihe Stale monopoly will be ibotished, and their obedience unlimited iVilh such a bank, and a paper cnrteiiey, the money power would m a lew years govern he State and control its measures; and il a uitficient number ol S a'es can be induce.l o create melt establishments, the fine will •tioo come when ii trill again lake the ft Id (gainst the United States, and succeed in lerfeeliug aud perpetuating its organtz oion >y a charter lioin Congress. "It is one cl the serious evils uf cur pte <nt system of banking, that it enables one •its* ol society—and that by no means a nu merous one—-by its control over the ci ireney, n ncl injuriously upon the interests of ad he other-, n I o> exercise mora than n* pro mrtio't of n.rtnenre in political atlairs. The tgricohural, tie mechanical and the labor ng trUs-rs, have Inlle ot no share in lite di ed ion ol the g-cat moneyed corporations: tint from their habits and the na nre ol their pursuits, tl,e\ ate incapable ol forming cx tensive combinations to act together with united lone, bitch concert ol action my sometimes fo produced in a single city.or in a small district ol country, by means of personal communications with each other; but lltey have no tegular or active coirespon .let eo welt those w! o arc engaged in simi lar pursuits in distant places; they have bin lii l<> patronage to give to the ptess, an.l ex ercisc but a stnall share ot o floence over n : ll\ey have to crowd or oe.stideots about them, who hope to grow rich without labcr. by tht'i* cauotenuoce and later, and who are. ihciefore, always ready to execute their wishes. The planter, the farmer, the me chanic. and the laborer, ti l know that their success depends upon 'heir own industry and economy, and that they trnt-t not expect to become suddenly rich bv the trc.its ol their soil. Yet the-e clases of society fotm ihe greai hodt of the peop'e of ihe United State-: lltey ate the bore and sinew if the country: men who lovo liberty and destte noiltiiig bin equal law - #, arA who moreover, hold the great mass of our national wealth, although ti is disiribtred in modera'e amounts among the miliums ot freemen who possess it But with overwhelm!! g numbers and wealth on their side, it ry me ihCOtiSlstit dan ger of losing r.eir lair irflitence in the gov ernment, sot' W I'll diffieul'v man.'am their jni rig! - .* again*! the nre-sa'ti effor'S daily made io encroach ti on them. "The mtsc! :ef spiing# from the power which ;he moneyed interest derive- tr-tn a paper currency which ibey are able to cnn 'rol (torn the rr.ul itude of corporations wi'h exclusive privileges, which 'hey have suc ceeded in establishing in the d flVrent Sates, and wtiich are employed altogether for their berefit : and unless you become more watch ful in your S* ates. and check this spirt of monopoly ar.d thir*l for exclusive privileges, you w , ttt the end, fir.d that the most itn powcr rf tovettttneni have been given or parted away, and the control ovpt y.utr d - ar e*t interest.- ba passed inio t!ie Lauds oi thes? corporations. •The paper money svslen ti i's i-vn ral associates, monopoly and . x iustveprir '. i.t s. have already struck their roots i.eep tn the soil, ar.d n will require alt your efforts to check its further growth, and to erad.eafe Heer l. The men who prnfii by the abu se-. and de- *e to p-erpe oa e them, will c -t --: ntie to b# •< a- 'he hl|s ot legt-lation iti t-p General (joxct. nten' as wei as in Ike States. MM) VRI'l eeck.ty every ar ifire.ro mislead jt.d deceive ttie public servants ft is io iOUr.-elv# that yon must look forsa'ety and tie nieans ol guarding and pe'petuatirs your itee ros notions. la your hands, is rightful ly, placed the sovereignty o< the eoontry. and to you. every one placed itt authority is alt niaieiy responsible. 1' is always it- your power to see that the wishes ol the people are ramed irrto 'oitbfol execiHioc. srtd their w*i, when ooee made known, must sooner or Iwter be obeyed. And while the people remain, as I ire*: tliey ever will, Dneorror te.l and incorruptible, and continoe wa cti fnl and ;a!ou? of live;r rights.the goverr.oier' | ic safe, ami i! o cause ul freedom wJI-fouiili ' •.<* to lri 111 iil• t> over all in ei eimes. I Hulil will require study and'preserving :• erticms on vonr purl 10 fid yo nrsclyeeef the iniquities ard-miechif'of llie paper syeietri, ami in check die i-pirit-ef monopoly and rub er abuses whidlihavo sprung up with it, anil ul wiiieh ii is the main support. So tpany iltieresis are nriiied-tn resist all reform on ibk subj.-et, iliat you must nut hops the iron Ilk-1 will he a short one nor success ea-y. My humble efforts have not been spared, Curing liny ailruislralion ohhe Governmeui, ro teaotg ibe Consiiuniimal currency of gold and silver: and something., J trust, bus been done toward the accomplishments ol ibis most desirable ohjec l . Bui enough yet re mains to require all your energy and perse verance. This poser, however, is in your bands, and the remedy most and will be ap plied, if you determine upon ii." rcnusjlviinlo I.egisJaUire— 186.8. The Stale Lecislsture, for the next cession, will stand as foUows: SENATK. I. Dish—Philadelphia—Harlan Ingram, 11. L Wright. Samuel J. Randall,* Isaac N- Mar selis.* Democrats. 11. Dist.—Chester and Delaware—Thos. S. Bell. * D. 111. Dist.—Montgomery—Tho. P.Knox,D IV. Dist.— Bucks—Jonathan Ely, D. V. Dit.—Lehigh and Northampton—Jos. Laiibafli, I). VI. Dist.— Berk?— John C. Evans, D. VII Dist—Schuylkill—C.M.Straub, D. VIII. Dist,—Carbon, Monroe, Pike and Wayne—Thomas Craig, Jr., * D. IX. Dist.— Bradford, Susquehanna, Wyo ming and Sullivan— K. Kteil Myer, Opp. 1# Dist.—Lucerne—O. P. Steele, D. XI. Dist. Tioga, Potter, M'Kcail and War ren— Henry Scullier t Opp. Xll Dist.—Clirt'on, Lycoming, Centre and Union— Atiurew Gregg Opp. XIII. Dit.—Snyder. Northumberland, Co lumbia and Montour, Clias. R. Bttckalew,*D XIV. Di-t. —Cumberland, Perry. Juniata and M ill in—Henry Fetter,* 11. XV. Dist. Dauphin and Lebanon—J. B Rutherford, * opposition. XVI. Dist.—Lancaster— /huham A. Sharper * Opp. IP H Marshall* Opp. XVII. Dist —York—Wm. 11. Welsh, D. XVIII. List. —Adams, Franklin and Fulton —Geo. W Brewer, D. A'lX. Dti —Somerset, Bedford and Hunt iitgdot William P Scltell * D., XX DIM —But r, Cambra and Clearfield— | C i)-i d. Jr., 1). XXI lb- —lndi.il.a and Armstrong—/'■ J Ci flry O or. X\ I. lbs .—Wes'morelaiid and Fayette— Jacob Tttr, ci * D. XXIII Hist. Washington and Greene—o W Miller* D. XXIV Dist. —Allegheny—Win. Wi'.kms U.. f.'i'ic.wr/ I) (iiiacifli. Opp. XXV Di.-t.— Beaver and Butler— John II Ha lie Opp. XXVI. Hi- . Lawrence, Mercer and Ve iiaujo—Wm M Francis.* Op. XXV.I D.M —F.r.o and Craw lord — I) A t ini'fu 0 'P. XX VIII Disi —Clarion, Jefferson, Forest ant Elk—G. IP Scufie',l. Opp. IIOUs'K OK KtPKKSKNTATIVRS. Philadelphia City link* J C Kt'kpairn-k, I). Edmund L Smith, D. (' M D utatan, 11. Anio Weiler. D. J.Pni Ramsey. D. B Nnnneniaeiier, D, I, 11 A-ins trot g. D. La-. raster. /'/p/.t County. F. D Itoih. Op. J -1.• i What on. i>. Jona II I! lUml. Op. Giver Evans, D. Samuel H Price, Op. .1 II A skin D. J D Pownall, IV .1 II Donnelly, |l. Port I - II McClane, P. William Al Woll, D Low us.- .iV car* ley p A Heieiand Glaiz, D. Joi-ua T0 en. |l. Cumberland and Ptiry. John M Welle, I). Hugh Smart. D II in I tinhtp. IV Charles C Brandt, D John Al Me'loy, D. Atlams A Ar lint, D. Charles Wi I 11. John I! Dohnerl. D. Franklin ami 1 ultnn. .lames Doom l!v, IV Jame. Ndl. D. Orlawart. A K Mt-Clnre Op Thomas Powell. D. Ilrdford n,i Somers-t. Chester. Samuel J Ca.mer, Op. .Moil u Gatreit, D. Davitl ILt\ D. J,Pi Hodgson, D. Huntingdon. F. W Sharp. D. David Ibupc, D. •Canlgomery. litem. A B L tngaker. P. Cnttsiy. D. Josiati llbiegas, P. tVm' iVI George Han el, D. G Nelson Soir.lt, P. Rinks Indiana Jit' n Mangle, D. John Brnre. Or John H Lovi tt, D. Armstrong At U'estml'd. Xrthimpton. Jo'.t. K Calhoun, D. Max Ooepp, D. Matthew Shields, D. J.tWood Hog. D. Roh-r Warden, D. Lehigh and Carhon Fayette Charles II Wit tains I) John If eter D. Herman Rtiip. I). Greene. Horace and Pikt. Wm. ki raid D. LWe-tbrork D. Washington. l l'nyiit. James p , ,hoo, D H I. S.ftena. D, John N XL-Donald,Op. Lutein, t. Allegheny PC Gn n. all, D. J i.ill Mli i D. Sietti-en .l-'i.kui-. D. Daniel N•-a1 ey. tip. Sairmt I G Punier. D J R Bxt-knonse Op >-<} ahannn Nich. Voegnily Jr.. Op Simeon It Cease, Op. J Heron Fosier On. Hraujord. 'hoiver and L w em c J If G Bahyocfc, Op. lie Lor ma Imbue, Op. C F Nfiioi Op. George P Shaw, Op. Dt. mtrig. Sullivan Ir: Duller. Pt* t Km, D. A W Crawford, Op. J V S-n 1). W W Dirkl- Op. Ly,ai"g ton Mcmcr UII.I I crningo. :• kJ-it. ! a i- \\ it lam G K is,-. Op I . .. Lloyd D CrR- us 1 11 Op. Centre Chute,n and Forest. >.i |, . and. D W :u M Abrams I) JF n. Jtjfcitou. Clearfield, tfc. D- .cr D Joei b,yker, fl I ..if).. Sny 't J-J in;. '.3 N P 11 cox. D. Daniel Vi i rt.er O.i. Cratr r o r d end Warren Th.-.ma* Hayes, tip Robert P Miiier. Op. So ll.umU,, I noma-S inthers, Op. Jose, *. t K tudee, D. Lilt Sell a i,'kill Wareham tVarnet, O.i TK L E'-nr. P. Da-ei' H nrci.t. lid .Op Ci arte- H .ude. D. F' er and T:t*. ill. ti- Ai'at'Sl. D. I-at Bel sop. Op. VaUjJun. HP V\ itbstoo, Oj. Edward Lett, man, D Deinocta s, 61 WC A Lawrence, P. Opposition, 31 Lehc r,em John George, Op. Dent majority 3s REC*rtTVIJXIJOK. Dem. Opp. Senate. ... 21 12 House of Representatives, 69 31 90 43 43 I)em. tr.aj on xoint ballot - - 47 fT Pants procured on lick, arc eons-dereJ ■'treeches c f :rs; Star of tljt Nartl). It. \v . WEAVER, <*I)ITOR. lllooin*Lina, At i <lin -ilii), JVuv. 4. IM.VJ. TIJH ItMI'RNS. We are enabled i give Jo-day the official vole io the whole S'ale upon Governor, (row which is will tie reen that Geo. Ficltrr't ia joriiy is larger ll,art our statement of last week ma le it. The official vote also shows thai all four of l.lie proposed amendments 10 llie Coustitu lion are adopted l>y immense majorities.— The smalle*l majority is about 115,000 ! They are very wluatde ami salutary amend incuts and we rejoice thai llie putilie voire has pronounced powerfully in their favor. Now, behold a contrast! The last Black | Republican Legislature of New York pro posed an amendment to llie Constitution ol that Stale enlarging llie right of suffrage lo negroes. Bui strangely enough afier llie ad journrnenl the Resolution containing the arm ndmenl could i.ol be found in the cilice of tlte Secretary ol Stale, ami therefore was not published lo the people, ft is probable that the leaders ol ''negrotsrn" got afraid of public opinion, and took good care lo have the nmenilmeni suppressed. The report is also, that certain Black Re publican amendments lo Ihe Constitutiono! Ohio, have been voted down by the people of iltal Stale at the recent election. How dil lerent the fate of the tanatica! changes pro |ioed in the Fremont Slates from that of those reasonable, wise and truly republican lines proposed in our own ! The plain rea son lor this difference is, that our amend ments bud a Democratic origin, and the oth ers a fanatical one. Upon lull and calm consideration, the former have been uppioved while the latter have injuriously failed ! WThe Rev. Mr. Tnllidge has severed his connection With the Episcopal Church of this place, and leaves to day lo take charge of another congregation in New Jersey. Hois a gentleman ol talent, and his conduct hero was exemplary and correct. THE RAM.RCAD. —We are pleased to learn thai the work of laying the rails on the I.acka wanna and Blontnsbttrg Rail Road is progres sing finely. 1 hoy tup now laid Irom Rupert Junction to a short tlistuneo above Stony Town. From 'he upper end they are laid, we lieheve down us lur us Shickhinny. In a month more the work may be finished. f?" The public schools ol this district w ill be open i.ext Tuesday. School Tonchi'r. Th ' Directors of this district have •elected the lollowing teachers tor the ensuing session of ihe public schools : —JOHN C STOKES lot the oppet gratie w oil Jli JOSCPIUNK RAM SKV as assistant; F.t.t.vs llttKs, F. P. F.VEII, THOMAS J. MORRIS F.-i] . I T ivd FIIAHFLKS*. >l ss MARTHA WF.IL*. MISS CATHERINE WKA VER. ami MISS CATHERINE KAIII ER. New COST Office- A new post cfilce named "VAN CAMP" has been established in Ftshingcreek township, it) this county, ami Mr George M Howell has been appointed Post Master. 1 is on the route t e ween Craiigevifle and New Co lumbus. in a lb chit set led region, where it ran necnmmodate quite a number of people; though another office may become desirable in Hie lower end of tt.e to vnsbip. THE PENNSYLVANIA RAILROAD —The earn iegs o! the Pennsylvania Railroad, for tbe month ofSeptember. amounted to SIPS.S46 being an increase of 552 596 over the corres ponding motvh of 1956. Wo also learn Irottt Forney's Pirn, that the Directors of the Company have passed resolution* reducing the salaries of all their officers and employees to a considerable ex tent. and suspending all work not impera tively demanded by the interests of the Com pany. MCRPRR OF A WIFE —An Irishman named Barns killed hi* wife on Thursday night, in White Oak Hollow, Jenkins township, by beating her with a clnb while drunk. He was taken to Put-'Ot and alter a hearing be tore K-qntre Redd in, wrs committed to jail at Wtlkes-Rarre. ry What IS to be the ' ine1" The Wash import cnrresni'Oilenl of the New York Com memai AdtwHtitrr *vs. "A p*nv is rising in favor of a aaiional bank of some sort, of s protective tariff, and of a bankrupt law. Sf the Sts'e of things that exi-led twenty veart ago. is coming round toil* again. The Kan sas isne is gone by: and the fact favors the rise of other issues of s general and practi cal nature." PutEMivtLLE IRON WORKS. —TIte large RoM'iog Mill, in Phffnixville. is in full oper atinn with ibe regn'ar comt'lemeot of hands Tne oilier Mills and Furnaces, will, we on derstand, be abie to resume very shortly Ths is mosi gratifying, as the number o oppe'tives there employed is large, wink work, and money are so scarce. RESUMING WORK— The Norristown "Reg ister" sts'e* iht work wa resumed it Mr Honvet's Roiling mill, on Tneday, and dta General Scliall i* abo making arragemertts t( re-cctTitrtei.ce operations. RAILROAD STOCK AT A DECLINE. —Pennsyl vama Kstlrriail Stock was down to 532 pet , share o* Friday, arid Reading Railroad, s'ncl could only command £l3s per share. Thing! look Equal ! T for the Eatlioads. A * MARRTING MAN "—Re* J. S. Dobs paster of the German Reformed CVureh it Allentowr, has married since May, 1823 i "fifteen > ncdreJ and sixty-three couples.' [Re*. J. H. Grier, of Jersey Shore, P#., h married s't.ce IPIJ, ''lour htfbired ar.d etjrly lire coopicsr^ I l>tt-i.lei .IKlhlir on Use 4vH* ol u l*tpei Corn- licy ' Al this lime, eavs Ih(' (.Union Lcmocrot I w hpn the question of the currency is attract | ing much attention the views of DAN-181 WEBSTER onthst etihjeol will be read will interest. It will, doubtless, surprise liie ad vocates of e so-callf<l paper currency, thai Ifial great statesman left upon rpcord -as de cided a prolest against that kind of money as ever -did THOMAS JEFFKHSON or ANDBEW JACKSON. HIP clear intellect could not fail to see the disastrous eflect which it was certain MjKodttcw upon the business interests anJ laboring classes, even had x not been en lightened by a close and familiar acquaint ance w.iih the teachings of history. To those who cannot make up their minds to lavor a return to the currency of the Constitution, and who consider the policy which favors it "Democratic radicalism,'' we commend the following horn Jlittir favirile etatosuian DAN ISH. Wrasri'it: The following extract of a speech made by D.initd Wt hater in tlie I'nited States Sen ate in 1832, may be found in Benton's Thirty Years' Yietc. pace 244, vol. 1: "A disordered currency is one of the great est of iwlilicAl evils. It undermines the vir tues necessary for lite support ol the social system, and encourages propensities destruc tive of its happiness. It wars against indue try, frugality and economy, end it fosters the evil spirit of extravagance and speculation O! all the connivances lor cheating the labor ing classes of mankind, none has been more effectual than that which eludes them with paper money. This is the most effectual ol inventions to fertilize the rich man's field by the sweat of tho poor man's brow. Ordi nary, tyranny, oppression, excessive taxa tion—these bear lightly on the happiness ol itie mass of the community, compared will the fraudulent currencies and the robberiei committed by depreciated paper. Our owt history lias recorded lor our instmrtini enough, and more than enough, of the de moralizing tendency, the injustice and till intolerable oppression on tho virtuous atu well-disposed, of a degraded paper currency authorized by law ot any way countenance! by government." Again lie says: "The paper circulation of the country is al this time, probably seven'y-five or eighty millions of dollars. Of specie, we may have twenty or thirty millions, and this principally in masses in the vaults of the banks. Now sir, this is a state of things which leads con stantly to over-trading, and to theeonsequen excess and revulsions which so often distort the regular course of commercial affairs Why have we so small an amount of specif in circulation ? Certainly the only reason if because we do not require 'nore! We have but to ask its p'osenee and it would return I But we voluntarily bullish ii by the gren amount ol small bank notes. In most o f thf Siates the banks issue notes to all low de I nominations, even to a single dollar. Ilow is it possible under such circumstances, (, retain specie in circulation t All experiencf shows it to be irrqoseihle. The paper wil take the place of the gold and silver. Whet Mr Put, in tho year 1797, proposed, in Par bamenl, to author ze the Bunk ol F.ngland u issue one pound notes, Mr. Bitrke lay sick at Bah, ol an illness of which he never re covered, and he i sa d to have wri ten to the late Mr Canning: "Tell Mr Pitt that, if hf 1 consents to the issuing of one pound notes he must never expect to spe a guinea again." The Mutiny in India is hkely to a fleet di* astrously a vast amount of progressive indus try. Within the last twoniy years, the amoun ot the products of other countries consume! in India has increased from §20.006.000 If 585.000 000, and her native productions ltav mere than kept pace with it. Every natioi which trades wiih her becomes her debto' In 1835, the surplus produce of India wa 540.000.000j ill 1855 it exceeded $125 000, 000, Last year die balance due India for thi excess ot ihe exports over the imports wa $41,000,000. The specie importations navi increased from $14,000,000 in 1846 to s6*2. 000,000 in 1056. The present war puis t stop to all this trade.— Ledger. A NATIONS t. BANK —The National lotlli genre r'contimies its exploration of the cause: . of the financial evils afflicting our country : finds them to lie in the tact that "our curren cy"' "has perished," and, at Ihe end ol a two - column-and-a-hall editorial, says ihat "a na foiiel bank would afford die spediesi, surest safest, and wisest remedy." Texts, A CONSTITUTIONAL OOVKRNMBNT - A letter trorn Tunis states that the teigiun | eoveieign of that country, on the Pth lilt, pro claimed a constitution canting many impoi tant privileges to his subjpcis, and inaugum tins sa'ularv reforms, political, Judicial an religions. This state o! things was broogl about by the Briti-h Consul-General, aide by the ager.l* of the Government ot Franci MISSOURI BONBS. —The bonds issued bytb State of Missouri, in aid of seven railroa companies ill that State, amounted to 524 950,000, of which $15,930,000 have bee issued. Their current price in this market i about 65. A special tux will probably b lev ted to meet the interest next tailing dut All idea of repudiation is repudiated; but th Governor recommends that no more boo<J be issued al present. Gf Franklin is reported to have said tim ,is money. Don't believe any such stuf We see lots of young mer, laughing on th corners daily, who evidently have plenty ( ' time; but if you were to seatch their pocke: with • microscope you couldn't find "nar nickel." — ff Lately a gentleman of Chicago, wa accompany trig two ladies to the psnnraw of the Arctic Expedition, when, in crnssin , Market Street, he stepped on a kogskcrd Aooj . which flew op (as hoops will do.) and struc him across his not very handsome nop. "GooJ Heaven s , ladies!'' be cxclaimei "which of you droppedltai V fcy Bayard Tay lor, only eon of the la 1 President Taylor, ia the democratic cand date for the Senate of I-ouisiara in the 5 1 Charles OiMtict AK ItKMfcllY. 11 in important at this time to examine the opinions of those wise ami thoughtful men \v!io have preceded us, with teference to the banking -system, endobsctve .bow uni j form iiinf ooncurrmit their testimony has I beet) # s t" the evils (lowing from a .paper j C.urrenev. From WASHINGTON, oil down the line of American atatavnen, there lias.beeen an almost unbroken serious of bol.l, vigcrou* thinkers, \\ ho bai'e pointed out the disastrous consequent's of debauching the ourreney of u |ieoole, and thus rendering labor at all times the slave '1 follower ot capital. The first bank of the United Stales was chartered in direct opposition to the opinion and counsel I of Jefferson, and many patriots and states ' men of that day. It was justified on the grounds of necessity, and each succeeding renewal of its legal life was heralded and supported by the tamo arguments. The Sta e Hni.king System derived its origin from the same supposed uecssity, and all experi ence has demonstrated the lact that both the Hank ol the Uliined States, and those of the several Stales, have acted it jariously upon all the best interests of Trade, Commerce and Manufacture* by expanding credit to an unwholesome degree, inducing reckless speculation, raising the prices of all articles to be consumed, and ending in wide spread disaster and mill auiti •> we have ciusu to I tmeni at the pia-e.it tin e. TYic suspension of specie payments by llie Banks in all parts of the country furnishes an opportunity for laying before the public an extract from the message of Governor JAMES K POLK to the Legislature of Tennes see, in 1830, on the subject of Hank susden sion*. Alter having shown the causes ol the financial trouble at that time to have resul ted from an inflated paper currency, starting first with the Hank's ol the Kuslerti cities, he say s : "Upon the receipt of the information that some of the Hanks ol the Kast in little mere than a year Irom their last resumption had again suspended specie payments, the ques tion immediately arose in the public mind, what had produced the suspension, and wliat would be the course proper to be pursued by too Hanks ol Tenttussjc! " As far .-.s we are informed, the suspen sion at the I'.ast is represented to have arisen 'not out of a lack ol power to continue spe cie payments, but of self-preservation, under the form ol keeping the specie from being drained out of the country. Without the means ol knowing how the Let may be, it is lor asu'pensionjof pa] ment by the banks, but an absolute inability to meet their res ponsibilities promptly. "And whatever may have been the cause of the suspension of payments by the banks of tie F.ast, it can (tnni-h no sufficient ground for t lie suspension of payment by our banks, so long a they have an abillity to pay. 1,,k0 individual debtors, they should meet their liabilities honestly anil promptly so long as they nre able to pay. What is the efleet it a contrary course be adopted i A tew of the banks at the Kast suspend, and represent to the public dim they are still sol vent. and do so, not from necessity, but to retain their specie; and ft.How ing their ex ample, the banks in the interior, which are also represented to bo so'von', suspend also, not because t.iey are under the necessity to do so, but simpls became the eastern banks have suspended; so that the suspension of the banks in a single city which may have indulged in excessive issues of bank paper I and bank credits, and thus stimulated and promoted over-aciiru in trade, or which may have ulterior objects in view, is made to op erate as a suspension of pay menta by all the banks of the country. Surely, if a bank sus pet ds in Philadelphia, i' is no reason lor our banks to follow the e>ampl, unless they are compelled by their condition to do so. "The apprehea-ioti of the drain of their specie can be no suflioiont reason, for one of the conditions of ttieir corporate privileges is. that they, shall keep themselves at all times , in a condition to meet their liabili'ies. When a suspension of specie paymen's takes place by banks, their circulation immediately de preciates in value, and the loss Islls not on the banks, but on the people. The labor ol 1 the country heirs the loan, whilst the banks. during a period of suspension, are often do ' ing their most profitable business." i The last paragraph of the above extract is worthy of being pondered at this crisis i When a bank commences operations it it with a solemn charter-promise to pay all its liabilities in gold and silver. Upon the taiti of that assnrai.ee, its notes are used as cur rency by the commnniiy. Not a single note would cross the counter of a Bank if the goli I and silver leature ol its charter was omitted The traders and toilers hare no time to in quire into all the minor circumstances hj which a bank may be surrounded. The] cannot pause in the midst of their daily avo cations IO examine into all the particnlars o a banking system. They look only at thi 1 prominent lact that each and every inst'dulioi issuing currency is obligated to give in ex change for paper promises gold and silver | whenever demanded, and upon that clanst of the charter cf each Bank they rely fo safety. Aslhe S ate in its sovereign cacacity a guardian and protector of the people ha 1 covenanted with its citizens that the Bank t shall pay goid and silver in exchange fo tneir notes, it is obligatory upon the State it ' 1 see that no loss falls upon those who havt trusted these institutions. But can thi? bt ! done by the State under the present Bank ' ing system ? It is well and truthfully sait ' 1 by the late Mr. POLK, that one of the c.ondi tions upon which the Batiks take their char ters, is "that they shall keep themselves a all times in a condition to meet their liabil "lilies." This they promise to do. But it i ' well known tha. at the present time there t ' not a single Bank in tiiis State that ran pa all its liabilities in gold and silver iu accot ' j dance with the provisions of their t harteri Eithet the note holdets or the dep-ositot ' must be sacrified. In many cases bot would be losers to a large and rcinoosexten s . The specie on hand bears no proportion 1 •' the notes in circulation. One dollar In gol or s Iver is represented by fjreor *ix, Or via more, of paper currency, and that a iurg I margin oT i'he*tiots in ri• <■ 111n• T->:> are worth DO roorethaii Ute gper ripen U hifti lliny are print*' 1 - 'Tlmy tune MUMII-II bosi- as the peo [ pie are t*J '0 -fa-liese bv llw -p-vie [ olsust tm 'e the thinks profess lo.cc'. I'll it ie one feature ol the systnm which de serves especial e'leniioti. .Tlia 'State ehar tars institution* to furnish the people a our ronry nof resngtiized by ilic Constitution ni the 1/[filed S.atee, The people lake that cur rency upon the fjiili -of liia gold and silver basis pet fort it in each charter anil jet tha whole system has brer, demonstrated to be aawinrtla Irom beginning to and, and the community ia now suffering from ita mis chievous and disastrous effects upon all anl every Vancb of Human rmluitry- But the enquiry is, how shall iheso eitspen sions ha prevented ? The answer ts, hf (he adoption of some measures lor pawing a larger amount of coin iu circulation tid thus banishing a proper innate amnttnt of paper currency, ft Banks were testrioted Irom if* suing notes ol a lees denomination than twen ty dollars, the whole circulating medium of the State op to that point would be golf anil silver. This would reduce tbn circulation of the Bank, put more specie in their vaults rod make litem better able to meet all their liabilities upon presentation. Again, it would most effectually protect the poor met; 'roni losses on account ol broken, deprecia te i ami counterfoil paper currency. The weekly payments of • majority of working men and mechanics does not smount to twen'y dollars each, and htsttco-af there wero no notes below that amount they would at all times be paid in gold or silver, the con stitutional currency. In addition to this, if our volume of cur rency up to twetry dollars was composed of gold and silver, we would have a decided a Wantage over the peop'e ol other Ststes whose whole currency is of paper, in manu factoring ehpaper, mul consequently selling at a lower price, and thus holding the com mand of other markets. These are consul erations ot moment at this time when ll.e question of Bank reform is so prominently before .the people, in connection with the matter ol Bank suspensions. Two evils seem to be Inseparable front the paper money system. That of Bank suspen sions and undue and rumous expansion of credit. The latter precedes lite former. In stead of the banks acting as a check updo that spirit of speculation at:d extravagance which will beset a nation, they only add to the force and fury of the flame. When a people exhibit signs °f over-trading, of ex panding their credit to a criminal point, it is the duty of our moneyed institutions to con tract their loans, und thus act as a guard to lite rommttuity. But they act on the oppo site plan. They lead the column of folly anil cxlravagar.ee, increase the volume of currency, expand their credit, ar.d tints has ten the rui which must come This is tho history ol Ranking in out country, ami so long is we have a | aper currency which can be di-temled to ar.y amount, we will have Btnk >u*p.*risicos with all their atten dat.i miseries. The cars for these monetary spasms consists in bringing our currency guidon'lv to an entire specie basis! This .a the o'.ly remedy lor such financial revul-ions as proceed from Bank expansions and sus pensions, and the sooner we act upon it the befer lor us as a people and a nation —JVrtii syl i*tn>ftn. run.tirm.i'Mu Manners. FI.OVR ANO MFAI. —There is alimited in quiry fur Flour. Sales to retailors and ba h'us, for Ftesti ground at $5 37 aSS 50 per bbl, and fancy brands, Irom SSJ np to $7. live Floor is held at $4 £5 per bbl, and Corn Meal 53 GO per bbl. (IR.AIN —The receipts of Wheat continue light, with a increased demand for it. Southern red is held at SI 21 a I 26 per bu; sl3l a 135 for good whi'e, only a lew sam ples were sold. Rye sell at 74 cents. Corn is dull, with sales of yellow at 70 els, in store. Delaware o.us are in lair supply at 32. and Penn'a at 33c. per bushel. CI.OVBRSKKO —The demand has fallen off. with sales nl 84i a 4j| parGt lbs. Timothy is bringing but S2 per busfcel. Ot Flaxseed the market is bare and it is wanted, at lfO cents per bushel. WHIRKKY is unsettled, with soles ol Penn sylvania at 21J cents iu barrels, 21 cents to j hints., and 20c. in drudge*. FHKR NEGROES IN BOSTOW,— We find the following paragraph in the Boston Traveller, I the home of Garrison, Wendell Phillip*, and all the most prominent prolessed friends of negroes: I "DEATH BY STARVATION. —The jury sum moned by Coroner Smith to investigate the cause of death of a colored child, returned ; the following verdict: 'That said deceased, the illegitimate child ol Charles B. Williams and Emma Jones, (colored,) was born heal thy in every respect, and came to her death, ! when nineteen days old, at the house of j James Foiter, No. 1 Orange I.ane, in the ci ty of Bos'on, from starvation, by the neglect j of its mother, Emm* Jones, while said child j was a: its place of birth, at the house of Ann j Rogers, Cabot street. Uoxbury." Does ary one believe (says the New York Day Book) that such a case as this ever oc j corred in all the South? Starved to death, . in the midst of plenty ! and that, too, by the I neglect of its own mother! Cannot the fer tile brain of some New England novelist | give us this depicted in Uucle Tom's Cabin style.' What is the whipping of some sorly, I lazy negro to be compared to the starvation |ol a helpless, innocent babe? Where are I the sympathies of the philanthropist*? CHIBDHOOD'S HOXIK. —To one visiting, af ter long years of absence, the village he left in childhood, everything seems to have grown lit<le with j ears ; its old, magnificent proportions have dwindled away ; the long drawn avenue of other days, appear* to have been shut togeiber like a lelescope, and tha village has shrunk in its valley, like a dried filbert in its shell. The village "creek"—for . 1 what old-hamlet was without it!-is strauge illy narrowed, and he wonders if tho world i j lias indeed grown so very old, 11 at its very vein* *rc running dry; and lie fancms they )l have been "setting" tho world over In "m in- I I ion,"that Na'tiie •tercrttyjjed in "g'tfaV pics," 1 ( an I so now 'here is a pocket edifhtri of'he s viliaj- an I 'he v ile
Significant historical Pennsylvania newspapers