1149 fr Compiler.
1.1. 11401161 c, Editor nal Proprietor.
GETT YSBURG, l'A,
Lofty Morning, Nov. 30, 1857.
alp•Cougress will assemble at Wash
ington on next Monday. Capt. Moigs
reports that the now hall of the House
will be in readiness at tho opening of
Congreae. However, it is tho inten
tion of the elark of the House, it is said,
to organise in the old hall, and accord
ingly it bag been fitted up and is now
- ready for occupancy. The now hall
*in not, probably, be occupied before
*rink
Tile New York Election.—The ofliciai
irate of the State of New York at the
• 714104 election shows the Democratic
aludarities for Comptroller, Treasurer,
Attaisey General, state Engineer, Ca
.4o Commissioner, and 'lnspector of
414t 1 a Prigions to average about 17,400
, sob, while the majority for Secretary
of State reaohcs 15,230, and Judge of
iflppeeth 18,063. That will do for a
'Mats which last year went for Fremont !
Ei4 of the Traitord.—Lebo, Wagon-
And /lancer, who committed trva
pen against the Democratic party by
• seams for Simon Cameron, the K,
11E °ettntlfclate for U. S. Senator, have
! iin beers left at home, and true Demo
twits returned to the Legislature in
timpir , 'pteoes. Thus endeth the career
dI #letripters. They go to their politi
'l,4 grlWea, "Itn wept, unhonored and
lit The Hollidaysburg " Standard"
its that it would be a good spew/.
forone of the furnaces to purchase
4ikatm mole Warn" which Judge Laporte
said maid haul all the Democrats there
yam in Bradford county. Judging
Nom $ slight calculation he thinks it
soot& beat ore enough to supply a half
Mom fornaeee.
~Csistated Elections.—lt is understood
thisit both the seats of Messrs. Harris
returned as members elect
Vi.. F rongress from the third and fourth
Opgtei
ssional districts of Maryland,
conteeted. Mr. Brooks an-
Mewed some days ago that he intend
oontest the seat of Mr. Davis.
bear that Mr. Whyte has de
titAtioed upon the same course in rel.,
ties Is the seat of Harris.
al.pendous Frauds in Baltimore.—The
itipendons frauds which were perpeo
ttediiid by the Plug I:glies of Baltimore
clky et - the recent election are now com
fort to light, and the impression is gain
inggroatid that in consequence of them,
almi the informality of the returns, the
thlveitior ought not, and will not, grant
ciiiionleisions to those returned as elect
ed by, the vote of Baltimore City.
Re-.Rleered U. S. Senators.—The two
branches of the Legislature of Alabama
/eat -in convention on Saturday week,
And on the first ballot elected ion. C.
4Ciwy 7 Jr., to the Senate of the United
Stigma for six years from the 4th of
Aisreh, 1859, when his present term of
Aloe, expires. The Legislature of Mis
sissippi has re-elected the Hon. A. G.
Brown to the U. S. Senate. Ile receiv
-44111 votes ocrt of 116 cast.
-Attorney General and Secretary of kat.
—The *smog of Win. A. Porter, Esq.,
and Eon. N. B. Browne, Esq., of Phila
delphia,, lien. P. C. Shannon and A. B.
.3tcelmont, of Pittsburg, William A.
Siam's, Esq., of Westmoreland, and
Boa. • Gaylord Church, of Eric, are
prominently mentioned in connection
with the office of Attorney General of
the Eitate. ion. John Cessna, of Bed
faid, Ron. John L. Dawson, of Fayette,
askillion. William K. 'Lester, of Berk
oponty, are named for Secretary of
SOW
IrAi(l 4 ancaster Bank .Fraud.—Benja
aiiiC. Bachman, charged with part.ic
ipiiing is the embezzlement of the
Jai owlet Bank, was tried and acquit
tisilriiidt before last. The jury was out
011.01 Oa beam .
,for Murder. —Mary Jaue
sokozed woman, of Marietta,
latio*Witt minty, was convicted at the
C torgdiirter Sessions, hold iu Lan
-011#!ii. tidvteeits ago, of murder in tilt
liffri4gme. Sheadruimisteted arsenic
to Let husband sonic timc dnriug the
pailirlaimisier: Application has been
s'i nee trial on the ground of
thiiiiiisiivis7 of important testimony
Pas the couch:Won 4,1 C the (mow
40—
**pans Williams W4B triod in
BOOfitbarg week before' last -for the
aiwObtist%Daniel 'Hendricks, and &it
' *Ranier in the test
.was committed in May
teykonstown. •
*glum says the ladies do not on their
taps . for the istiLlegllMl any =we they Mold
•
itetinatot Ciro%) Obeerier says that.
, at Tut, Meets, lodise*, • bun week, Gore was
1- 14414 Cow - — Nosh Sem4rdcisellher et torenky meta; out many berme wire
Eq., CAPfflioff optoritirs 'hat thrill 4 sot egewliternor akkeeen Sento per Distal. Ts
fill m a d e me linuirked sad thin"- 10.1 Poesy essuoy;:taditiumii post Weir a mural*
Ardlorlifogs.-41.r. David fiariug - -af kone'enttelatkii, Cequell, toThe trl2lll the field was offering last week at firth*
101110, ltetightered twit MO !boat l i few - froth
~ Rl4 d half IffirioarbOeffitr -
r rws.e`, ; ;J_l•E p •
'( 1 1 , of .! 1: 40 1 :1 . ilatie : iP l 4 ll 44jSuilV , Caas;l l , ' u4tiodia
4itheg44,the f1k,4411,4,0401419 mu etismidentbii n ir ta
of befog lionnda. AMINO 42 b v the printer. Thitt's
a KNOW MiPTIEINGI. , .
It is rather an auotalluut eireurn-: Tai wu,„
so A pini „ eal
etauoo, says the Frodookek tfion, to
dud a political party bocou Yississippi river ia otke.
wi llng so t
tise,siorth of Dubow* has dosed.
ashamed of the name whOti trawls so el t iw t h at peTI,
tarily assumed io its origig as tairepoki- ,soonVirsrtsikes her. F.
ate it and repel itkaprticatimr when l --Good %assert-Ire like' geed houeeireep
cre—they make use of everything.
niado by an opposing party. Yet
The War Department designs sending
strange as it may Recta, there im hardly I
two columns or telltury into Utah fres ti:i•
n man now identified with the Know, Pacific side. , 01111 trona Drava and the other
from California.
Nothing order who will acknowledge
the designation in which every member!
proudly rejoiced in the infw sty the I
party. Some of the very gentlemen
who took a leading part in the estab-
lishment of the order; who administer-I
ed its oaths of secrecy, and strove to
impress their inviolability upon the
newly initiated, as tits surest means of
consolidating the power of the order; ,
who thought it a glorious thing to see
the Democratic party stricken down by'
this mysterious power which could be
felt,but not seen ; some of these gentle.
men become indignant beyond measure
,at the very intimation of the term Know
Nothing as their party name. Now it
-strikes us that these gentlemen betray
the grossest inconsistency in their
present attempts to repudiate the origi
nal designation of their party. Let
them rerueruher how they stole in se.
creey and under the cover of night to
their lodges, and when interrogated As
to their connection wit); the order, or
their Icnowledge of its proceedings, an
swered " I don't know."- Let them
remember. hew, when ono or other of
the old parties calculated on victory,
and the result of the election revealed
the triumph of a Ticket not before
heard of, and when, surprised at this
mysterious result, every man asked his
neighbor how he had voted, or what
had brought shoat so singular an event,
they habitually Answered " I don't
know," while, at the same time, they
were transported beyond measure to
think what a capital expedient this nine
secrecy or or g anisation was to paralise
and prostrate the giant energies of the
Democracy.
Tho term "Know Nothing" is the
most appropriate. designation of their
party that weld be devised, inasmuch
es it embodies the true spirit of the or`
der, and reveals the secret of that tem
porary ascendency which marked its
early history. By its novelty, it en
veiglod'into the order thousands of un
suspecting members who had no motive
but the gratiflostion of an idle cariosity
in consenting to an initiation. Shielded
from public' scrutiny by the sworn se
crecy which guarded the purlieus of the
lodges, the political trieksters who
originated the movement tat. purposes
of personal aggrandisement inflamed
the passions of the leas knowing, but
most bigoted members, by the grossest
fabrication* in xegard to the Catholic
Church and our foreign population,
when they would not have dared to
utter such libels openly before the
world. And we have abundant reason
for the assertion~ that sentiments were
uttered in the lodges which, if they had
been proclaimed before the world, would
have exposed their authors to the in
dignant and undying condemnation of
all liberal minded men.
SPRAWL'S, ON TOM lIIMATE.
The Harrisburg Patriot
. and Union,
and bther influential Democnitie papers,
have made. favorable mention of the
Hon. GE°. Baswra, among others,
in connection with the Speakership of
the Senate. This suggestion of his
name, ae we happen to know, has the
sanction of many leading Democrats
througbont.the State. How far it is'
concurred in by Mr. Baswiza himself
we are not advised, but we presume
that whilst he would not solicit the dis
tinction pro posed to be conferred upon;
him, ho would still cheerfully respond to
any demand upon hie time and his tel.!
ents that might be made by his fellow
members of the Senate. And this we
do know, that his selection as the pre
siding officer of the Senate, at the same
time that it would be a just tribute to a
rising public man, would be highly
gratifying to the Democracy of this'
district, whom ho gallantly led to vic
tory in the great and trying contest of
1856. Nor could it fail to receive the
warm approval of our friends all over
the Commonwealth, to
ip ligioin Mr.
BREWER has long been known as one of
the staunchest pillars of our party, and
by whom ho is justly regarded as one of
the most promising young statesmen of
Pennsylvania. We need not tell Sena
tors who have served with Mr. BILIWER
that ho possesses the qualities of a good
presiding offieer---quickness of appro
. hensfon, Soundness of judgment, firm
nem of purpose, suavity of manners,
and the high sense of honor that in
,
atinctively recoils from wrong. His
active participation in the business of
t the Senate has wade him familiar with
the rules and fully qualified hien for the
discharge of the duties of the Chair.—
,
Valley Spirit.
The Old Kentucky John
C._BrOckinridge, Vice Prot.ident of the
'United States, lute sold his residence iu
4ingtou, Ky., to Rec. W. C. Dandy,
of the it: E. Church. Washington 'Will,
foragme . years at. least, be the resideoeil, ,
of lit . Brccltinridso.
FACT AND FANCY
tlmost every week a dumber of newspa
partart discouticuled is &Mama parts of the
country. We fear the reason is that the pro-
prietors, like a cat chasing her tail, cannot quite
make the two ends meet.
St. Catherine's (C. W.) Nov. 21.—Snow
fell here last night tcr the depth of 38 inches.- 7.
The passenger trains of the Great Western rail ,
way got throne, but only et a very late hour.
The freight trains stuck in the drifts.
1, Fortunate State.—The Little Dor k
(Arkansas) Democrat says that the treasury of
Arkansas is overflowing with gold and sliver.
The treasury has no hank-notes ; nothing but
specie.
Short Credits.—Tom says that when they
won't, trust a fellow for his drink long enough
for him to swallow it, he thinks credit a little
too short.
Lient. Mauryinaintalns that the growing
of sMndowers around a dwelling located near
a (*Ter and ague region, neutralizes ageratums
in which the disease originates.
General Ilarnatoa, who was drowned by
the late steamboat collision in the gulf of Mexi
co, was the famous South Carollaa
......In treating diseases of the naiad, `music
is not sufficiently valued. In raising the heart
above despair, an old liolln is worth fuur doe
tors and two apothecary shops.
.....,The large dailies of Chicago have reduc
ed the size of their sheets, in consequence of
the dullness of the advertising business. .
A Republican journal, in casting about
for the cause of the wholesale defeat of that
party In New York at the late election, says—
if The Republican party wanted coherence. It
was bet two years old, and not hooped."
The Capitol at Washington originally
cost $3,000,000, and,it is said, the improvements
now in progress will cost $7,000,000 mare.
Yen who boast luudly that they never
I show quarters, are certain in times of danger to
show none but their hind ones.
• People have a great deal to say about
ugly Wes. We know an unfortunate fellow
who is afraid to travel, for when ha does ha
gets whipped upon an average a dozen times a
day, by persons who erroneously fancy be is
inside( mouths at them.
.......lames Gosling, a dry.,goeds merchant of
Pittaharge has been mulcted la $4300 in the
Distriet Court of Allegheny county, for calling
Miss Morgan a " rascal."
...—"Rathor bear the ills We have,
Than fly to others that we know not of."
City Council of Richmond, Ye.. has
voted down a proposition to issue 'f shinplass
ten." flonsible.
It is stated by Thompson's Reporter that
counterfeit dimes are hi circulation to a large
extent. They are an excellent imitation of the
genuine, having the requisite ring and color.
A revival of religion-has been progress
ing in Chambersbnrg, Pa., for sonic time, in the
church of the "United Brethren in Christ," un
der the pastoral care of the Rev. Win. Raber.—
A great interest is manifested in the meetings.
The York papers announce the death of
Nitrtin Danner, Y;sq., an old and respected citizen.
It is thought that the Mormons can bring
an 'fictive force of 13,000 merlin the field, and
more than as many Indinn
Yr. Calhoun, the prn-slarery president of
the Kansas convention, is said to be a Boston
ian, the hot bed of free-soilers.
• A severs earthquake was experienced at
Columbus, Ky., on the morning of the 17th inst.
The shock was (Osbert dltration—lasting only
two or three seconds--but it was of considerable
power.
Sergeant Dearth, of the New York police
detectives, bas caused to be taken the daguer
reotype of every noted rogue who falls into hia
hands.
A monster Indian passed throngh Chat
tanooga, Tenn., lastmeek, going to the Atlantic
Fair for exhibition, said to ba *even feet nine
inches high, eighteen years old, and weighing
450 pounds. •
Somebody says the Know Nothing Black
Republican party was allieted with Galloping
Consumption:
"When It lived It lived in clover,
And when it died, it died all over."
The San Diego (Cal.) Herald says : Every
vote polled in this county was cast for John D.
Weller for Governor. We beard of one Black
Republican vote being cast In the precinct of
Temecula, but, as it is not mentioned in the
returns, we presume that the inspector threw
it out, as being a mistake on the part of some
greaser.
Information has been received at Wash- I
ington of the confiscation, by the Austrian
government, of all the property of Louis Kos
suth within its reads.
......An assessment of city property in Learnt
worth, Kansas, has just been made. Total val
uation $3,145,952. The number of slaves is &I,
valued at $18,090.
1..... %t a husking frolic "down east," lately,
two hundred bushels of golden yellow corn
were hooked, forty-eight girls kissed, one
couple married, and seven more "engaged," all
in one evening. Talk ofstagnntion in business!
The largest check ever seen in Wall
street, New York, was shown to the editor of
the Commercial on Tvsclay. It was for $l,-
320,485 30, drawn by the New York Life and
Trust Company, and certified by the Bank of
America, payable in current funds to the order
of J. A. Palmer, receiver of the North American
Trust arid Banking Company.
F. Tiernan has accepted the anti-
Wood nomination for Mayor of New York City.
—.-Baltimore, Nov. 25.—The Hannah Moore
Female Academy of the Protestant Episcopal
Church, Belstertown, fifteen miles from Balti
more, was destroyed by fire last night. The
pupils and other inmates escaped in safety.
The Schedule to the Kansas Constitution,
and the Letter of Col, Benton, on the Banks
and Currency, appear in this Issue of Tun
Cianyrbta. Fdieh is nomewhst lengthy, hut at
tracts hone the less of public audition on that
attotint.
gb OW and paserti are quite common in
Minnesota. •
mamas ans. sumatiier.
; - Latin anion, and was so called becanse added to, until enough accumulates to
LEITER PROP Bitl. TliollAS 11. Bvivr .t the bankers (mnsspy changers of the, : make. a purchase of something needed
—...4. rSime, as now inn the East) had their slid itectilL 8. It subjects the payer to
Wastrixerrbs, C. STREIT, lbanches in publie places,on which they be cheated or worsted in payment; be
Novelialser 15, 1857:
g. ,
, pt, and did business; and when :any !Sleet rccelee the change in otherpaper,
'Pe nryoiscoris. sanonirist.ourmies. ;hoe became delinquent, or criminal, lie Illind for OAS purpose, the meanest, most
G en - Latest : —m an y papers, desirous •as driven away and his heath was tagged , ditty, and worthless will always
of the estebliehmen t ofn National flank.' broken. And thus, in its origin, bank: :be picked out and shoved upon him.
are quoting what Gen. Jackson said in ruptcy was a process against banks and In short, such are the evils, the craves,
favor of such an institution at the be bankers, and still is in Great Britain ; the-demoralization, and cheating of
ginning of Lis presidency. I have to , and heisee retains its original rime of small paper money, that all nations,
remind all such papers that what was Broken toneh--the bench so brolcen ! except the United * States, place it in
said was said before (den. Jaeksen saw a king the sign and warning to the pub-, the category of a criminal agent, and
prospect of restoring the currency of lie that the hanker himself was insol- ! suppress it acecordingir.
the Constitution, amid that, after he saw, vent, and deprived of hie lbw,o of 4 g f elieenty odd yearn ago,- when we
that prospect, he said nothing more in : business. I were laboring to restore the eonatitre
favor of banks, National or State, but i Banking in the United States is the ! tional currency to the government and I
the contrary, and labored during the re- most unreemtained and unsafe that there ! the people, the ready objection, repeat- I
mainder of his* public life to restore' i, in the world; and unsafe even for : ed by all the friends of pnper money, I
and preserve the hard money cur- satin and well conducted banks, there was, •that there was not geld and silver'
roney ovhich the founders of our, being enough of the tine:slid and badly ! enough in the world to carry on the bu- '
Government had secured (as they be-1 conducted to fall down of. themselves: sines-of. the United States, 'and the'
lieved • for es The plan of that restore- every few years, and to drag down the : ready answer to that objection was,
eon :eel prsenrvation consisted of live : rest with them. - The laws put few re-! that there was precisely enough I and
points, viz: 1. To revive the gold cur- i strnintm or penalties upon them; and ' that exactly enough would come to the
reney by correcting the erroneous stand. ! thew restraints and penalties are regu- United States if we would only create
and of 1791. 2, To creates demand for 1 iarty repealed just as often as the cum- a demand for it by correcting the gold
hard money by making it the exclusive, munity needs the benefit of them. It I standard, make it the government cur
currency of the Federal Treasury. 8. is by name in some places, and by fact ; reney, and suppressing small paper.
To make sure of this hard money by ; in others, a system of "free banking,"l Only a part of these things hare been
keeping it in its own treasuries. 4. fo! which the hard money Democracy was I done,
and there have flowed into the
suppress all paper currency under; accustomed to all "free swindling."— United States, or been obtained from
twenty dollars by a stamp duty. 5 .1 Anybody becomes banker that pleases, , our own mines, abont fear or five times
To wind up all defaulting banks by a; and issues small 'pates and sends them ; as much gold as the business of the
bankrupt law against delinquents. I off to a distance to Do circulated and i United States eonld employ. The sit
The first three of those five parts' lost, and to sink upon the heads of the ply has been nearly a thouseti 1 millions
were accomplished, and to these we are ! labo r i ng people.t A favorite plan is; of dollars, and the business of the Uni-'
indebted for twenty years exemption— rto issue notes at one place payable at ted States would only employ about two
(Yom 1887 to 1817—front bank suspen- another far off, out of the way, and I hundred millions: This is not guess
Mons and depreciated crimper; also, difficult to be got at, so as to compel I work, but bottomed upon (authentic
for carrying the country through a for- .the holder to submit to a shave. That ; data ; for the statistictr•of political
eign war—the Mexioan—without paper mode of doing business was invented ; economy show that nations can only
money, and with the public seearities by a Scotchman of Aberdeen in 1806; ' use certain amounti of money,'smne
above par; also, for having In theconn- but be was in Great Britain, not in the ; more, some less, according to their pur
try at this time fiat fifteen times as United States; and the British Ministry' suits. Thus, a highly• reanafactuving
much hard money as wo had in the and the British Parliament immediately I country, whore the employer needs
time of the late Bank of the United took cognizance of the inventor and his ; money incessantly to carry on his buni-
States; and we are indebted to the imitators, and placed them all in the , nuts in the purchase of revy materials,
want of the two latter parts of the plan category of swindlers, and so put an ; and the payment of operativesa i nd in
far what we now liPe: nearly two and to their operations. No stamp du- I the construction or repair of bisfidiegs
thousand banks in theseonntry, a great ty, no bankrupt act, and no requisition and machinery, and whore the opera
part of them frauds from the beginning, to keep any proportionate amount of fives themselves need money daily-for
and the WU governing the good; a goo- hard money on hand completes the li- I the stipportoftheir families, the quanti
oral suspension in a season of peace and cense and unbounded freedom, and the ty of money required is far greater than
prosperity; people forced to use depro- perfect title to periodical explosions, in an agricultural and planting country,
mated paper when there isToro bard which belong to American banking.
where the farmer raises his own .sup ;
money in the country than its business
'
The last requisition, that of keeping plies, and has his trope and produce
could employ; men and women begging on hand an amount of halal money to pay largo demands.. s And there
for work, and unable to obtain it, when proportionate to their liabilities, seems foro England, the foremost manufactar
the country needs all the work they to be unknovin (even in name) in the ing country, requires the
_greatest
can do, and has the means to pay for it; United States; yet that requisite is a amount of money, and has it, to wit,
families crying for-bread when a bean- legal and fundamental condition of the , about eleven dollars a head; and RUR
tifal Providence has given the most Bank of England, and the proportion efl sin, so largely agricultural, requires the
exuberant crops that ever were wen ; one-third in gold of the total amount of; least amount of money, and can employ
the business of twenty-five millions of its liabilities in circulation and deposits but about four dollars a head. So the
people deranged, disordered, and thrown is the rate enforced; and below that United States, in small part manufac
out of joint; and all this the work of proportion the Bank of England does taring and largely agricultural and
the base part of the banks, falling down
not deem itself safe. Thus swore Mr. planting, would find her maximum de
of themselves for want of foundations, H om i n y
Pelmer,Governor of time Bank mend for money somewhere half way
and dragging the -solid ones after them.
tof England, before - Lord Althorpe's I between the two—say eight dollars a
For it is in this caste of bank suspen-
committee, in 1838: " The atrrage pro- I head ; which at the present amount of
alone as it is with a ship sinking at sea,
portion, as already observed, of c)in and' the white population, (say twenty-five
where those who cannot swim drag
bullion which the bank d eem s it p:wilent to i millions,) would give two hundred mil
down those who can. A stamp duty ;
keep on hand is at the rate of a third of the! lions as the national demand; always
on their notes, and a bankrupt process total amount of all her liabilities, including: remembering that the great payments
against themselves,' Would have saved i deposits its well as issues." Amid thus 1 aro made with crops and bills of ex
the. country from 'the calamities it now sworeswore Mr. George Ward Norman, a di-I change: ftftmded err the pencerntfirttrin
endures; for many of the base order of rector of the Bank : "Fora lull state ; dustry. , And thus it becomes a propo
banks would have been unable to "make of Me circulation and deposits,say twenty- j sition demonstrated' that the United
currency" for want of money to pay for one millions of notes and six millions of, States, since the correction of the gold
stamps on their notes, and others would deposits, snaking is the whole twenty-seven i .i.« . . - ...:.:.ri., L•ment:,•-I.litota 3•Ntra ago, have
have boon proper subjects - for the bank- millions of liabilities,the proper nen in coin received a supply orgol , l to fbnfoe five
, rupt proecse in the first few days Of their and bullion for the bank to retain is nine' times the amount wideli the brininess
existence. millions." Aud to the same effect swore ; operations of the people could 'employ.
Tho restoration of the gold
,curron7 other directors . But in Great Britain lof that amount the leading banks esti- I
was effected under Gen. Jackson's A - it is not *efficient that this proportion I mated two hundred and ninety millions
ministration; the establishment of the of one third is required to be on hand,' to be remaining in the country at thel
hard money currency for the Federal -but it must be shown, and that eontin- ' commencement of the present panic;
Government, and the keeping Wits own sally , that it is tbere.l This is aceom- I and since that time more than twelve
money in its oivn treasuries, WAS tie' plislied by the publication of the quer- I millions bare arrived and very little
complisbed under Mr. Tan Buren, both terly weekly average of the'lia,bilities! gone out; so that three hundred mu--
of which Presidents took the full re- and Assets of the banks, from which the lions would be the present estimate of
aponsibility of recommending these public can always see when the bank l the amount of geld and silver in the
three measures, and also gm-two others has crossed the line of safety. How i country; being ;one hundred millions
—tb3 two for the imposition . of astern') different this from bauking ip the United - more than the business of the - country
duty on all 'riper money under twenty States, where no proportionable-ruts of i could employ. Three hundred millions'
dollars, and for a bankrupt act agaulSti specie to the liabilities is even prescrib- ! is exactly fifteen times as much as the
&I/milting banks. ' Bills were-repeated- ed; apd where fie°, ten, fifty, an hun-' United States possessed at the time of
ly brought kilo Congress for both par- 1 n eo n paper dollars fur one hard one in ' the late Bank of the United States.—
noses. but were always defeated by the; the vault, is freqeently issued. Twenty millions was the whole amount
defection of the paper money wing of But one thing its wanting to complete at that time and that all in silver--notl
I the Democratic party. the titles of our banking system to utter ; a particle of gold being-then in cireula
-1 The mot plauaible of the open objet- unworthiness, and that ono thing has 1 tion. And it is exactly thirty times as
i tions made against the.atiup duty was been discovered—it is dispensation of; much as the whole Union possessed at
in the expense, and the extensive ma- the specie basis I Throughout the world, I the time of the termination of the first
chinery for its collection. That was l eo far as paper money is known, &specie ! National Bank; the whole supply being
answered by providing a cheap and i basis is deemed necessary to an institu- } , then but. ten millions, & that all silver.
simple process for both purposes—a ; tion which issues promises to pay specie. 1 Under these facts, (8300,000,000
clerk in the Treasury , Department fora I Not so in the United States. Paper; in gold in the country, peace and pros
superintendent of the business, and the i
upon paper has become the vogue with ; perity throughout Europe and America,
clerks of the Federal courts to deliver I us. Stocks, and the notes of other great crops and good health) there was
out the stamps whi c h they received! banks, are the "sandy" foundations nothing in the state of the country to
from the treasury. The amount of the I upon which a large proportion of our , justify the suspension, nor anything to
duty, and whether it should apply to all , banks are built. ; justify its continuance. The only mein-
I notes or only to those intended to be I
1 . I Ido not expatiate upon the evils of tion of such a catastrophe is the obvious
1
1 suppressed, were (petitions on which I sma ll paper money; they are palpai„ie , one, to wit, the failure of bad banks and
1 there was room for some diversity of' to every observer, and only require one- - the consequent run which their failure
opinion. The predorai nen t opinion was ; ineration : I. It drives away all hard made upon the good ones. Time insol
that there should be duty upon all ! mon e y of equal denominations; fur, in a 1 vent pulled down the solvent; and the
notes issued as a currency, (for what I competition between two currencies the , Legislatures of the several States hare
more fit to be taxed than the moneyed; meanest is always the conqueror and ; put all on an equality ; but the solvent
I power!) the duty being the same on all ! chases the other out of the field. 2. It , should repulse the association. The
1
notes,-and such as the large ones could i is the great source of the crime of coma- Heine body should not be tied to the
I - easily carry and the small ones not.— I terfeiting ; for the mass of counter- done one. The solvent should coin-
The amount of the duty was held no- felts consist of small notes. 3. It do e nienco their payments, and make visi
cesaary to bo large—far greater than in moralizes the community ; for people, blo the broad line between the sound
Great Britain; for there no 'IMO is re- not being willing to lose a note for' and the rotten, which the Legislatures
issued; no one goes out of the bank a which they have given value, instead have covered up; and public sentiment
second time, so that the duty in Eng- of burning it when rejected by a know- ; would soon dispose of the latter in
land is paid every ti me th e b an k puts ing one as counterfeit, put it back in' spite of legislative indulgence.
out a note. Not bole the United State&, the pocket and offer it again to an i e e•-1 The solvent banks can and will re-
Here a note is reissued until it is worn I noran t, p erson , who receives it, and who i same, and that will satisfy those who
out; until is has become too ragged to I goes through the same process when; do not look beyond time evil of the day ;
I hold together, or too filthy to be hen- I rejected in his bands. 4. Small notes ; but to those who look ahead and see
died, or too defaced to bo deciphered.— make the panics and bring on the runs ; new evils in the perspective, and to the
I
A small duty is, therefore, sufficient in which break down good banks; for; legislative power whose duty it is to
Great Britain • it would require a very I these small notes being in the hands (di provide agamet evils before they happen,
heavy one to Britain;
in the United ' the masses, when they get alarmed, they ! something more will he necessary. A
States. Among the penalties for violat- assemble by thousands at the doors of, recurrence of such calamities, in the
ing the act, either by issuing, receiving, the institutions which issued the notes, j view of all such, should bo guarded
or passing the unstamped paper should I demand the money, break the banks, ' against, and that can effectually bo
be a disqualification to retain or receive and propogate the alarm which they' done by two acts of the Federal
Federal appointment; for the pursuit I themselves feel until it. becomes goner-, tion—a stamp duty on paper currency,
of office is so general at this time in our al ; tor nothing is more contagious than amid a bankrupt law against bankrupt
conn tow and so ardent, that, in array- a moneyed panto, nor anything more ; banks.
ing a Ales so large, so i n fluential, and: unmanageable. 5. It pillages the poor There, is not a monarch in Europe
active against the nristamped notes, and the ignorant; for every base note, who would treat his subjects, or stiffer
their circulation would be effectually every one that is counterfeit or on al them to be treated, tui;the people-of the
checkmated. broken bauk, or on a bank that neveri United States are treated by the base
The paper money wing of the Dem' existed, although it will ran for a while,' part of their own banks, and the indul
ocracy was still more against the bank- must stop somewhere;
and when it I gent Legislatures which legalize their
rupo act against bankrupt banks than
~.
does, is sure to stop in the hands of the I violations of the law, promises and-con
against the stamp tax on notes; and, i
r and unfortunate, upon that class, tracts. The issue of ourrenoy and its
acting with the habitual opponents oft e. table to bear the loss, who bevel regulation bean attribtrteofsoeereignty,
the party to which they professed to Ino advantage front banks while in opera- i and everywhere is - exercised by the sov.
belong, easily-defeated' all the bills.--ition, and who bear the loss when they I ensign power, • except in the • United
The open objection came, from the law- stop. 6. It excites to swindling; for States. Here, alsO i it was intended to
yers,:with their professional idea, drawn knaves, with nothing but, brass for be an attribute of' sovereignty, and was
chiefly from British Imitates, that their capital, and that in their faces, placed In the -hands of Congress; and
merobants - and traders iron) the proper i instead of their co ff ers, are induced to I li ming: to Miriam, of gold and silver and
tsubjecia of the bankrupt law,* although ' set up manufactoriea of small papal., to las rvs c llties of its notate. -For oar pres
evez7 late- British statute on the sub- b e . sea t ' ,b roa d, , sad sank upon the I ant ertiment was formed by hard
loot includes banks,_ (the Bank of Eng- hands of those among whom it. is scat.- money n3en; who had seen and felt the
hind excepted ;) and in a single seaso n
~ tered o all time is so sank being clear disastrous
,and demoralizing effect, of
of - sorpinekm :stb nC .-o f' lBkl had % 14- L __ l o gaia to the nuttinfaetkrer. 7. It in- paper . taMlii i *, and-were anxious to save
'ninety, two of these Maws mot - duties and canspeflapixsple to be waste - their posterity from such calamities as
sal . oeted to commissions of battitTal 4 " .Ist of their money -- ; for such is the, theylha:d suffered. They did , their part
'natural, honest, andltuit contempt and to tibia' ha.'
. Bhill, we be false to ear
-1 ey... Sul this reritedr wstnot• of Elf -
liskitt'or l itonlith'pritlia, Nl * all male distrust of these ortes, that he or she !settee SO 11,f,lioni r .,,,.., ~
~
-
wouldshow, (~ , i -sit
iinti`bittitelli *ere thlr . .r , 0.,..., for stmetibeitOt hoeci!xl, Irbil° aX i c t (F ,l t ' . . ,-, . , T4O3LAS It BtiCTOl. - ,-.
' and " niPtIISP - 1 tiutt receives mat, hurry off to lay it out , -.• •Bi tir p o i t f a iti,
L bitbati*,iiiidai-tgitiVfit iiinalihows ''of Old; or Oil imjite - gasciant' - lit , bar—:--: ,
F" Broken Bench "is the ngfisfl of the rained and iliiirllAiit, - Wild' laid It std . " 'l l Thil Aoserisa lawyer Mile* loots beyond
the . ittatiste of Etizabeth:whiC'ilfee4k* *"‘ Out to
uoubse the bankrupt process to unirehasto sad
traded; if they would look Il littlefaith*r
back—Rook into the reign of that Queen's Nat
i er—thky would And a Instate relitclontly ans.
prebensire to include others besides znertbsiosti
; and truders; and the preamble to which Le tt actura.te description of many of those who in
our cohntry, and at this day, follow the pdr
snit of! lasniag "currency " for the American
1 , people. That preamble sari :- - Whereas dlrers
and sundry persons craftily obtained into their
hand,' great substance of other men's good?, do
suddenly lice to parts unknown, or keep their
hones; not minding to pay at restore to any of
their fireditors their debts and duties, bat at
their own wills and own pleasures consmosrthe
suhatattce oblained,by credit-of othieszrea.for
their own aduurnment and dainty living,
nguin,t all reasOtt, equity,and good Conscience."
[Anne 34 Henry - Till.
t A' specimen of modern banking in Ile
Coifed, States is seen in one of the latest of these
rin=titution3,dnly chartered to issue "currency"
—the "Granite Bank of roluntown," Connecti
cut; wl,liereof the Ilartfurd (Connecticut) Times
gives Va.; brief, and no ifoubt veracious Ake- ,
count r
Thh chArter wag passed, and for four
or fiseimontlis it was not beard of aga.ln; Nue
sufidendy, on or about tire first of November ill
9tant, the bilk of the Granite Bank of Tobin , -
town abpenred in the market. The blink ewe
migsioier4 were in this city at the time, grad
thouglit having their hands fatty( beakless ht
variant parts of the State, they !valved at
. Voinntown. There a very rich trees
ened to them. They found, we nader
he following state of affairs:
once t
WELS 01
stand.
"th ,l
let
occasi.,
called
the ha
fleas, t
p
to pro.
managers of the bank. on or about,thsi
!tont, procured (i. e. borrowed for the
tu) a package of something which they
TlAs was the paid in capital ;of
dr, and upon this they commenced buid
ough on Saturday last they seat this
ckage back to New York, as they claim,
u "
s
pe. s cie fer It.
" Th
circul.t !
• bi‘l
by 3 Ira
This ••
'WOW I
Ohio.
`MTh
hund
Win •
y had issued $17,000 in bills and had
ed thtsa iu variou parts of the country.
thousand dollar,' 'in bine were taken
• who wag to eirrulate them IA Cliiii.=. u left a receipt for them, slid verbally'
l to send ou a note when he arrived%
meet% were between three and four
dellara in coin, ono dollar bill on the
County Ban, and a second-4*nd
a, not yet paid fur. Alio the receipt
!Ohio man for $5,000 in the Granite
UOll
of the
bills."
Me
in one
is a sample of A recent chartered bank
-f the uldcit States. Here is another
ample from cum of the youngest Tenho-
recent
lEEE
K 2
Legislature of the Territory of Nensas
E st winter session (18:i6-57) chartired a
of banks to lilille currency, one of
at Lecompton was required to hgve
in specie, to be counted and certified
Governor before it could begin work.
ate Convention while ptovidlirg for a
1 k of three millions, the fact castio'ciitt
'te that the Laconaptoa Beak, without a
n hard money, obtained its certificate -
o Governor this Itemiser put in this
t borrowed. $2,(100, anti s putting $1,0041
-ti bag, while U. Govern or counted
nt a time, the other was carried out
, ught in. again, and this was dune until
were counted, and the certibcate ob.
at it. 1
numhe
MEI
$51),00
by am
In the
1113
in deb
dollar
Crain t
DIM
011332
one ha
and b
$30,00
Wined
: E
ing Lo
ry three months ion inity see in am los&
don newspaperig s uorace in about these
words
44 Q u
and as
nth d
rterly average of the weekly liabilities
.ete of the flank of England, horn the
1 . of December, 1847, to the 6th day of
1849, both incielive, published pur
the act 3d of William IV, 01.88:
suaut t
LIAZILTTIIS
Circa
I)epos
lOU,
a,
AUNTS.
BE
et,
saa cols,
Ilu
Cher
Seven
Tho s
on th
pole°
board
posed
pull •
thou
tribut
tiro fi
run t. ,
ter's
brong
phis.
no lis.
i .
1 ang of the Steamer itaintibtc—Fur
"airtioulara--Lose of Life about
• -Jiae•-4-7121CIIINATI, Nov. 24.
earner MI inbow,whieb was burnt
21st inst., ton miletrbolow Na
, Ark., had- V-17 passengers on
when she'catight fire. It is sup
that seventy-five are lost, princi ,
eck passengers. The of of
t were all saved. The fire is at
k r to an incendiary. As soon imi..
was disooverej the boat was
~ lore-, m here she burnt to the wa
dfp". The 'steamer Minnesota
at the rescued pa ssenkerrs to Mein-
The books were destroyed and
of the lost can be furnished.
[SLCOND DISPATCH.]
ng the lost by the oteamer Rain
ere Mr. Johnson, of Paddesh, his
nd two daughter, and a Miss
of Memphis.
Am
boy_
wife
Bond
, - -
Desfructire Fire in Baltintore.—BAL-
TlmoteNov. 22.—.1. destructive fire
occurred in Baltimore street, last night.
eons:lntim; the splendid:•warehonse oc
cupied by 3iessrs. Fisher, Boyd &
Brother, dry goods, and others. The
aojoining store was much damaged, anti
the several tenants suffered much lose.
The Boyd Brothers, 810,000; P. 8,
Bauis & Co., shoes and hats, 81`1 . ,01X);
Horne & Brother, fan . 4 goods, 1510,000;
L. P. D. Newman, shoe h0u5e,315,000;
Stiner & Brother, clothiers., 441400, by
water;
All ' lArtie's were fully insared. The
total loss is over $81.1,000, of which
81.3000'vra:4 inqnred in Philadelphia and
aboutllo,oo in NOW York Aces.
The j ßcrival of Business.—The work
ingmen's committee in:Trenton, N. J.,
report, as the result of 'their inquiries,
that the largo manufacturing establish
inentsiot that city are again at work,
with few exceptions, and-ure employing
the usual number of operatives. The
concerns which employ females'''. not
included in this statement. Bernie htin
drecle.,of girls are still destitute of em.
ploymcnt in Trenton. Bat few,of
mechanics, however, are now idle; for
those who have nothing to doevision
is to be made by their fellows.
At Haverhill, Mass., a now hat facto
ry has; gon4 into operation ' which em
ploys ; 410 persons. The Great. Falls
mills have reanrsied. The print, smocks
in the 'same town are preparing . to
re
sume.
~ The thirty-two factories in
North: Leo and South Lee , Mass., are
all in Working condition.
Akßlouse Eighteen Feet Under Ground.
—During the excavation of a street in
Evaespille, Ind., last Tuesday; the •
workmen came across the remains alb :
cabin, , eighteen feet bekow the safes*
of the earth. This wonderful enbteiTa
nean house' was- about twelve -feet in
lengthi,"formed by upright posts ;sellid'i
the ground, and boarded up witli .• - "
oak pnneheons, secured by
,•• .., •
pine. }The poets, puucheons. ‘ , , ,t
were partially deesyed, bat •ii. •
_,
together. Within the wails. •= ..
N.
portions of sit oidAssitiowili. •
wheel,ja wooden soustioneel& • a
boots- :and shoes; ititifilikh: 1
charrell stick - mbiekthvi: . . :.
rut korthe how had ',Mid 11 . e,p40b. the
="8 w.ith- - - : • - ,c,i , -., v...;
. _ .
- :•
*or ocir nathtoill.4iitodastisiojith •
Natare's•owaleasidirlbr eilliiiiioeut= --
Olab►ilitlierisu WE ihdillmi s ji
earatissumesent • . at,
~ =- . • • fkiesill
h
'b ur .. ,- v.iirl Sir , i..*4•• • forticet
$18,600 - ,000
£ll,tets,ooe
1.30,135,400
122.793*0
1,1,41,015,04
ii;6,607,004