[Continued from first page]
true it does not al ways follow that bank'
areunaouted and unable to pay all demands
against them, because they do net pay
specie for their notes; yet unless explain•
ed to have been caused by some other ,
means than the ansoundneis of the insti
tutions, it must operate much to the preju
dice of their credit and standing.
In Pennsylvania there are fifty two
banks, with an aggregate capital of some
thing more than sixty millions of dollars ;
but such has been the disregard of law by
some of them, that they have not made any
return; and the returns made by several
of them are so very imperfect, that it is
impositiMe to arrive at any thing like ac
curacy as to the `mount of their circula
tion, specie, or debts due to them. Bat
from the best data within my reach, the
amount of their notes in circulation may
1
be computed at not less than thirty-three
millions of dollars, and the amount due
and owing to them, principally by torpor•
atioos and citizens of this commonwealth,
is perhaps about seventy millions of dol
lars. This amount is due to these banks
from individuals residing in all sections of
the state, and engaged in all kinds of bu
siness. Stocks in our railroads, canals,
turnpikes, etL., are held by some of these
banks, and in the shape of subscriptions,
bonuses, or dividends, they contribute
largely to the general fund in the state
treasury, and to the support of the com
mon school system. Their charters ex
pire at various periods between the pres
ent time and 1870, and the stock in them
is owned by a great number of persons of
all ages, classes, conditions, and pecunia
ry means. The capitalists of the country
as well as those of moderate means, wid.,
ows, orphans, and guardians, all own
stock in our several banking institutions.
From this cursory glance at the subject,
it is evident that the business, interests,
sad banking institutions of the country
are intimately cosoected together, and
natality exert a powerful influence on
each ether.
A snore general and comprehensive
view of this subject will show, that the
banking system has been greatly extended
throughout the whole union within the
list twenty years, certainly to a greater
degree, than the vastly increased business
•f all kinds would have seemed to war
rant. The fallowing tabular statement of
the number of banks in the United States,
with their capitals, leans, discounts, cir
culation and specie at three different pe
lted., will illustrate, with great force, the
progress of the system, It is manifest
that the number of banks, with a corres
ponding increase of capital and circula
tion, has been fearfully augmented within
a few years. Pennsylvania has contribu
ted her full share, since 1835, to this in
crease.
Yrs. No. Capital. Loans St Diacts.
1820. 308 0137,110,611 $189,252,428
1830. 330 145,192,268 200,451,214
1837. 634 290,772,091 525,115,701
Yrs. No. Circulation, Specie.
1820. 308 044,863,344 819,820,240
1830. 330 61,323,896 22,144,917
1837. 634, 149,185,830 37,9:5,340
It is sometimes said that the whole
banking system is but "an experiment,"
and that as such, it has failed to answer
the expectations of its projectors; that it
is time it was totally abrogated, and that
Pennsylvania ought to take the lead in
this great work of reform. It is certainly
true, that the banking system of the Uni
ted States i: so far a mere experiment, as
to be found in a state of constant change
and fluctuation. No great elementary
principles have yet been struck out by ex
perience, to form a sound and stable basis
to uphold and control it. Like the bank ,
iog systems of all other parts of the world,
imperfection characterizes nearly all its
details, and abuses of the most flagrant
sort have been coeval with its first estab
lishment.
In legislating on this subject, however,'
we cannot close our eyes to the peculiar
condition of the country. We must take
things as we find them. We are not
considering what would be the rroper
course if we were now about to introduce
for the grit time, a system of banking in
Pennsylvania. That question was settled
long ago, and by a constant and rapid
progression, it has been entwining itself
with every interest, and every measure ofi
policy in this commonwealth. It has, for
good or for evil, stamped its influence on
every commercial, manufacturizig, and
agricultural interest among our citizens.
Under the operation of •this system, and
on the faith of its continuance in some
foam, all our business has been undertaken
our contracts between irinividuals entered
into, and their debts contracted, our
ternal improvements commenced, and our
vast state debt fastened on the people.
Abrogate the entire system, and we know
not into what condition it will plunge us.
Real estate, and all commouitiee of com.
name, agriculture, vel manufactures,
now bearing the highest paper price, must
fall greatly in value, and by that tall in
price, thousands of the enterprising and
industrious of our fellow citizens will be
irretrievably ruined. The ten years im
mediately following the last war with
Great Britain, furnish us some instruct
ive lowing on this subject, though very
inadequate to portray the consequences
that would follow the same causes in our
present situation. And what heightens
the evils anticipated, is the reflection, that
the par, and those in moderate circum
stances, would be obliged to endure the
blunt of the hardships. The rich, being
the creditors, have little to fear from such.
chiusge in our system of currency; it is
tig e debtor part of the community on whom
the shier berilan is cast. In adeptinz co -1
ercire measures against the banks, it
should not be forgotten, that the penal
consequences do not fat on them alone.
The vast number of individuals, from
whom so many millions are due to those,
institutions, would feel most oppressively
the blow. Nor would it be right or just
to cast the great mass of innocent stock
holders beyond the pale of legislative pro
tection. officers and directors, who
'are, in fact, rhargatile with most, if not
!the entire blame, would readily screen
themselves from it, elude the laws, take
care of themselves, profit by the sufferings
and losses of the innocent, and leave those
to perish who had little, if any, active
agency in producing tire present state of
things. 'lbis is a matter worthy of your
most serious arid deliberate consideration.
On reference to the history of all conei
mercial nations, it will be New]
7 considerable fluctuation in the currency
operates directly, and with greatest seve
rity on the labor in; part of the communi.,
bile currency is in a state of transition
from a dearer to a cheaper medium, the
prices of wages are first affected, with an
immediate corresponding change in the
price of the necessaries of life. Those
who carry on extensive business opera
tions of all kinds, are soon compelled to
curtail or stop, and numerous industrious
operatives are thrown out of employment,
or compelled to resort to other occupa
tions that they do not understand, for
the means of supporting their families.—
Besides, though Pennsylvania might abro•
gate her banking system altogether, yet
we have no assurance that other States
would follow her example. It would be
difficult, if not impossible, to prohibit their
bank notes from circulation among us,
and we should thus suffer the worst evils
of the banking system, without its benefits;
for the banks of other states would be sit
uated beyond the reach of our legislation
and control. I know of no other mode of
securing uniform and cotemporaneous ac•
tion, on this important subject, among all
the States of the Union, except through
the agency of the general government
which, if not already possessed of the ]
power necessary for that purpose, should
be clothed with it by an atnendnient of the
constitution.
There is an essential difference between'
the position of the citizens of our common
wealth, in a pecuniary point of view now,
and that which characterized it in the
years 1816, 1817, 1818, dec. It is true,
I that then, as now, the country was flooded
with foreign goods, which low duties, and
credit upon those duties, enabled foreign
ers to introduce, and thus create a large'
debt abroad. It is also true that then, asl
now, the banking capital, banking facili
ties, and banking issues, were increased,
beyond what the necessities of the coun
try for the healthful transaction of its bu
siness required. But then the spirit of
speculation had affected the agricultural,
as well as other portions of the communi
ty. Now, however, our farmers are gener
ally out of debt, and in flourishing circum
stances; and it is the mercantile and man
ufacturing classes that have been princi
pally suffering by the undue expansion of
the credit system. But there is now an
evil existing, of which we then knew no
thing, and which does more than counter
balance the partial exemption from suffer
ing of our agricultural interest. The
contraction of enormous foreign debts by
the States, for the purpose of internal im
provements, and for the establishment of
banks, &c., is of comparatively recent ori
gin. This system of pledging the proper
ty and industry of posterity, for the pay.
ment of money obteined by the present
generation, in ear a State, has cilia%
grown up since the year 1820, and as the
following statement, which 1 believe to be
essentially correct, will show, has been
surprisingly on the advance during the
last four or five years. The amount of
stock authorized to be created by eighteen
States in each period of five years, from
1820 to 1838, was as follows, viz:
From 1820 to 1825, 012,790,728 00
1825 to 1830, 13,679,689 00
1830 to 1835, 40,002,769 00
1833 to 1838, say 3 1-2
years, 108,223,808 00
I/174,696,994 001
This statement embraces all the stocks
authorized to be issued up to, and inclu
ding all but the last session of each State
legislature. A correct statement of the
stocks authorized to be issued, by all the
states except our own, at the last session
of their late legislature, I have been una
ble to procut r. Of the foregoing stocks,
it appears from the best inquiry I can
make, that the following amounts have
been obtained for the several objects sta
ted, ♦iz:
For banking, $52,640,000 00
Fur canals, 60,201,551 00
For railroads, 42,871,0C.4 GC
For loropikes and Macad
amizcd roads, 6,618,058 00
For miscellaneous objects, 8,479,684 00
•170,806,877 00
If we add to the above enormous amount
of state stocks, o•vned almost entirely
'braid, the post notes and bonds issued
by banks, cities, railroad, canal and trust
companies, and other corporations, to
holders residing in Europe, we shall prob
ably have a gland total of at lust two
hundred and twenty millions of dollars,
bearing an manual interest of about 12, •
000,000 dollars. This latter sum must be
paid to the European holders in specie Sr
its equivalent, and may be justly regard.
ed as one of the principal causes sit our
,resent monetary derangements. Little
immediate rebel can be expected from our
esports. During the last few years they
have Won found totally iouleqo ate to co
ver the heavy importations into this corm
Itry.
'From 1820 to 1830, the imports into the
United States exceeded the exports there
from annually about the ave. age sum of
three and a half millions of dollars. Since
.the year lob°, our imports, including
and silver coin, hate exceeded our exports!
about twentysfour millions of dollars per!
year. It is perfectly clear that this sys..!
tem of operations must speedily end in they
effectual prostration of our credit, busi- •
ness and resources. No nation, whatever
may be its industry, vigor, and natural
advantages, can maintain its prosperity
and independence against such oppessive
drawbacks as this is. It is true, the pub
lic debt of Great Britain is a manifold
greater one than this, comparing the pop
ulation and resources of the two nations ;
but the debt of Great Britain is chiefly
( j u g `as its own subjects; the interest pail
is retained wt !wine, and continues to form
a part of the c ,;,;nta l i tf the country : The
interest we pay, on ,;:e con t rary, is paid
to foreigners. It Is witn;lrawn from
among us, never to return unless in
shape of new loans to augment the drains
on our capital.
Much has been said and written on the
subject of our "credit system" eithin a
few years past. It is one of urqualified
eulogy by some, and of as unqualified con
demnation by others. By many, the
banks have been regarded as the author
of that systein, and of course of all mis
chiefs; and by others, as of course, the
authors of all good. It is somewhat as.
tonirliing that this novel system of con
structing canals and railroads, and of
building towns and cities, and establishing
banks by the instrumentality of state cre
dit, as if dune by magic, has not been ac
credited as one of the most potent agents
in producing many of the recent phases
and phenomenons of the credit system.—
Had it not been for the support of credit,
(afforded tu our bank spculators and trier
(chants, by the sale of state stocks abroad,
feeble and vain •vould have been the eft:
orts of the banks to have created and sus
tained such an extent of paper circulation
as we new find in the country--equalv
feeble and vain would have been the eff
orts of speculators to have procured such
heavy amounts of foreign capital, to em
ploy for purposes of wild speculation, and
of our merchants to procure such unpre•
cetlented credits as have filled every store
house in this country with goods and
wares not paid fur, while lying upon inter
est unsold. Did the amount to be loaned
to our banks by foreign capitalists and to
be trusted to our merchants by foreign
manufacturers, depend on the mere credit
of the banks, or the merchants themselves
it could rarely exceed one year's excess
of importation or about twenty millions of
dollars. But whent the sovereign states
volunteer as endorsers for the banks and,
corporations, and in elect draw their bills
of exchange, by furnishing certificates of
loans in favor of the merchants, this cred
it system becomes immeasurably extend•
ed, until it has at length reached to the
astounding sum of more than two hundred
millions of dollars.
The Bank have acted as the brokers, On
a large scale, though whose agency the
state loans have been negociated with for
eign capacities. But let the legislatures
of the several states creating loans take to
themselves the honor and responsibility of
furnishing the chief aliment to sustain our
cumbrous credit system. It is no doubt
true, that the inordinate increase of banks
of late years, has been partly pro
duced by the immense accumulation of
I state credits, and has, in sonic degree,
'stimulated the action of the legislatures of
the several states in authorizing the Caine
by aff3rding agents to nee,ociate and cus
In mei sto consume the avails of the stn-k s
when negticiated.
...Until within the last year, we hav
been able, not ont only, to borrow money,
without difficulty, on state stock in Eu
rope, but to pay the interest arising on
former loans, by new ones, We felt lit
tle of the inconveniences of this bloated
system of credits, and seldom reflected
that a day of recoiling would come, when
we could thus pay our debts no longer.
States, banks, corporations and individu
als, all moved forward in harmonious un
sion, borrowing all they could, and where
ever they could, without reference to their
future ability and means of payment. The
delusion is at last over. State stocks are
now an unsalable drug in foreign markets
and we are called upon for tha interest,on ,
our permanent loans, and having no
means of paying it, unless we expect spe
cie, rely on the remote avails of our agri
cultnral productions, or dispose of more
state stock at a ruinous sacrifice, if indeed
we can dispose of it at all.
The time for sober reflection has arri
ved, and the different states must now de
termine whether they will, or not, persist
in a course of policy which has thus far
been productive ut such serious evils..
Shall the states of this Union plunge deep
er into debt and embarrassments; or shall
1 1 they make economy and prudence their
motto resolve to extricate themselves as
soon as possible, and be free? This is the
question, and I trust Pennsylvania is rea
dy to take her stand with those who fol
low the dictates of prudence and economy
A system of credit, acted on with can
tion, and sound judgment, is not only
wise and judicious, but indespensable to an
enlightened business community. The e
'honesty, industry, and capacity of a poor]
: teas is his only capital, and unless
gives him credit where he is known, there
is little practical difterence between the
condition of the honest and dishonest,
i the capable and the ignorant man. The eta
lion of men in society, on the opposite i Administrator's Notice.
priwciple, would be fixed by their birth, '
and merit would be regarded as a bootlessLL persons interested in the Es,
qualification. This is not the doctrine of bootless ® tate, or having claims against the
nature, or of our Declaration of Indepen Estate of Jacob ftliller, late of ‘N est t o wn.
dente, and American sysrem of govern ship, Huntingdon county, deceased, are
merit, requested to present their claims to the
lire credit system will be seldom abused undersigned, who is duly authoriser: to
in the case of individuals, but not so in that administer; and all persons indebted are
of corporations and governeneuts. When requested to make immediate payment.
men judge in their individual relations, they' Said deceased has a brother, Samuel
weigh things well, when as members of cos Mi.
• ller, supposed to reside in Union Co,
lonrations and governments, their caution '.
corresponds Iwith their share of the respon
sibility. Our present condition illustrates
the truth of this position, and calls aloud on
the representatives :of the people to pause
and reflect. Let no more state debts, not in
dispensibly necessary to preserve the faith
and honor of the states, be contracted; let
no cectificates of loans be h.succ, and no corn
mercial commodities be imported fur a few
years. We will thus overcome our present
difficulties, and re-establish our credit at
home lied abroad. This is the only course
directed by prudence and honesty.
I have thus at some lends, brought to
your view several coiesiderations, essen
tial to a just and full knowledge of the
important subject of our finances. I have
i`..Wll, I trust, that the leading causes of
our pre.:ent derangements, lis at the very
foundation d! our system of legislation for
the last twenty ye'Srs. The original de
fects and infirmities of C'e banking sys
tem, have been aggravated ay our system
of public credits and must continue to
be so, as long as the same course is pursue
ed, It must be evident from what has
been already said, that our banking sys•
tem, however objectionable in its origin,
is now fastened upon us, and continued
with all our business operations, ,o that
it would be productive of more mischief
to cut it up by the roots, than to let it I
stand reformed and regulated in such
manner as our experience and wisdom
may enable you to devise.
I proceed to make such suggestions and
recommendations on the subject, as ap
pear to one to promise the most salutary
influence and restrtetions.—Presuming at
the same time, that I do not flatter my
self that the adoption of my recommenda
Lions would render the system perfect,
or give universal satisfaction on this sub
ject, upon which there are so many ad
verse opinions. It will he borne in mind
I trust, that it is no difficult tasks to sit
down in the closet and construct theories
on the subject, beautiful arid plausible in
the abstract, without a full and compre
hensive knowledge of their practicable op
eration; or to cavil at whatever is sugges
ted, and to condemn what it is neither un
derstood or disapruved. This is a feat
that the weakest can, and the malicious
will, um form. I have too much confi
dence in the present legislature, to sup
pose that their assaults will shake the in.
,lependence or warp the judgment of its
members. I regard such attempts as un
worthy to be heeded, come they from what
soccer quarter they may. Freedom of o
pinion belongs to all,.and I concede it to
others with the same readiness that I
claim it for myself. I only ask in this
matter a just measure of credit, f.r the
anxious and careful consideration I have
bestowed upon it, with an eye single Co
arise at the result best calculated to ad
vance the public good.
The first object to be gained, by eny
recommendation I may make, or ity arty
measures you may adopt, no doupt, is to
secure an early resumption of specie pay
ments by the banks, and to guard against
a like suspension in future. This .desi
rable end must be attained, on a joiti•
cious consideration of the subject, with
due regard s to its practicability, aewell as
to the wrongs and inconveniences the peg
ple endure.
As I have already stated, the N. York
Ranks continue to pay specie, as well
. as
the Banks of several other states; indeed
some Banks that had suspended have re
cently resumed. I believe the condition
of most of our own Bahks isas sound in
reality as those of other states. They
have as much specie in their vaults, as
good debtors, and I knew not why they
should be less able and wilting to meet
demands upon them in coin. It is alleged
that the mutes issued by the authority of
law, in some of the states, of a less de-
I nomination than $5, have supplied the
Banks with a eubetituts fur specie, and
that this has enabled them to hold out a
igainst suspension. Pettiest* this opinion
is to sortie extent well fOunded, and it is
certainly countenanced by the the fact.
'noticed by all who are cenvereant with
the matter, that although the Banks of
Petinsylvarda have suspended specie pay
ments since the 10th day of October lam,
,yet we now find in actual circulat,en a
mong our citizens, more specie than in
those states where small notes are allow
ed to be issued, and their flanks continue
to pay specie for their notes. This is a
most conclusive proof of the utility of
our own law prohibiting the issue and cir
culation of notes of a less denomination
than $5. Its tendency has been, as Ibe
have, to place in the %auks of the Battles,
and in the hands of private citizens of
Pennsylvania, a greater amount of gold
and silver coin than in arty other State in
the Union. Ido not think it would be ex
pedient to repeal that law, on the contrary
I think provisions should be made to ren- 1
der its enforcement mare effectual, and
by which we should drive back, whence
they came, the small notes of the neighbor
ing Stites. 'lliey are debasing our cir
lculation-- they usurp the place of our ape
cie—and they transfer to the issuers of
them, large profits arising 'from their cir•
tailation to despite of our law. If we
force them back upon those who i.ut them
forth, either Banks or other corporations,
which are solvent, we shall get, or we
(Continued en second page)
and a sister, now married, residing, it is
believed, in Pleiladelphia, mho are inter
ested in said deceased's Estate, arid this
is to notify them, that the accounts must
be settled before the coming spring.
JACOB BRURAKEII, Admr's.
West township. Fluntin , Adon
county, Dec. 4, 1839.
JUNIATA BRIDGE NOTICE,
The stock holders in the Juniata Bridge
Company, are notified that the minuet e
iectios will be held at the house of Chris
tian Costs, in the horbugh of Huntingdon
nn Tuesday the 11 di drip of January next
for the purpose of electing
1 President, 6 Managers and
Treasurer and Secretary,
to conduct the atnirs ut the said Compa
ny for the ensuing year.
I. DORLAND, Secy.
Huntingdon, Dec, 25, 1839.
ES I'ATEOF
Joel Pennock.
The Subscriber, appointed by the rout t
of common Pleas of Chester county,
Trustees, in the place t of Jesse Pusey,
and others assignees of Joel Pennock,
under a deed of voluntary assignment
for the benefit of creditors, hereby gives
notice, that the books of the said Joel
Pennock, are in the hands of
Air• John Taylor
[.at Chester Furnfte.]
IVho is authorized to make settlement
and receive the balances which may be
found to be due to the said estate.
All persons therefore who have unset.
tied accounts with said estate, are re.
quested to call immediately on Mr. Tay
lor, that they may be settled.
P. FRAZER SMITH.
Dec. 9-6, 1839.-71.
Wanted.
A good study, and industrious boy. to
come well recommended, to learn the
Gunsmith business; one that understood
a ;little about the Blacksmith business
would be prefered. None but a good stu
ds and well recommended boy need ap
ply. THOMAS DOUGLAS'S.
11PConnehlown Nor. 27, 1831
b.Notive.
S hereby gien to those stockholders
111. of the "llollidayBburg and Bedford
Turnpike-road Company," who have up
to the present time neglected to comply
with the requisitions of the board, for the
' payment of instalments heretofore order
ed; that the said instalments to fifteen
dollars per share, shall be paid on or be
fore the 15'h of November, to J .W W. Dun
can. Bedford; or to Hubert ArNamara, or
Alexander Knox jr. Newry. In failure
whereof, suits are to be brought against
all such delinquents.
By order of the board
J. fl . DUNCAN, Secy.
Oct 80, 1839.
JUNIATA
IRON WORKS,
Located on the Pennsylvania Canal
near Alexrndria, Huntingdon county Pa
These works are now in active opera.
tion, manufacturing every variety of 'mal
leahle Iron such as
Boiler Sheet, Flue and Tank
Iran.
BAR IRON OF ALL SIZES
Round And Square.
MI made eut of the best Juniata Blooms
and et the most favorable rates of the mar
ket.
The follow* are the sizes of the bar
Iron. viz! 4 inches, 5 51-3-94-21--
2,11--14-1 i and scollop; Horse shoe
Bars. and carriage Tire, and all sizes of
Round Bats.
OAR AXLES
Manufactured fro. the Bar--Warranted ,
All enters from a distance punctual
ly attended to.
_
Samuel Hatfield
Alexandria, Huntingdon Co. Pa.
Dec. 26, 1839.-1 y.
ot ,- Last
_Notice
• -co
LL persons oho know themselves
intiebted to the estate of Peter
Swonpe, deceased, arc tequested to call
and diseharge their accounts, as the ac
collets will be left is the hands of prop
per officers fur collection, if not settled
before the lit day of Feleruary next,
without respect to persons.
JNO. SF{ DOPE,
PETER SW DOPE, S
Exe.l
Wm SW DOPE.
Huntingdog, Dee, 26, Itl3o.
Notice.
ALL persons indebted to John Savage will
Ipleasr immediately settle their accounts with
the subscriber. And those haying claims
Properly authenticated against him will pre
sent them for settlement to me at Mary Ann
Forge, Trough Creek Huntingdon Co.
A. B. eßF.wrr, A,,ent for John Sivago•
a - rm. B. Bar I roa for sale at Mary Aim
Forge.
Troug Creek, Oct ten.
ADIIINISY'RA TORS' IYOTICB
A LL persons indebted to the Estate of
Anthony Beaver, deceased, late of
Hopewell tp Huntingdon county are res
quested to make immediate payment,and
those having claims against said Estate
are requested to present them properly
au:henticated for payment to the under
signed.
ANTHONY BEAVER jr.) .4d twe
JOHN BEAVER,
Hopewell tp. Dee, 4, 1859.
CARRIAGE FOR SALE.
\,\f
W1"/ A L
ri
. ,
The undersigned offers at private sale.
a new and elegant pleasure carriage (city
built.) Any person desirous of purchas
ing, can learn the terms, and see the car
riage, by applying to'
DAVID SNARL
Hunt. Jan. 1, 180.
STORAGE, FORW kRDING, AND
COMiniSSion Business•
lIIIIE undersigned having erected s
-K. new and extensive warehouse, on
the Public basin at Petersburg, are preps.
• red to receive all kindi of grain or mer
chandise; and upon the opening of this
I navigation, will have a convenient wharf
erected.
'The following will he their rates
of Storage.
Merchandise per. 2000 ILA 75
Smaller quantity 100 " 5
Fish per barrel 0
Salt I 6 (1,
Flour " 4
Wheat per bushel
Rye & Corn '.
Oats
Commission as per agreement
WHARFAG E.
Blooms per ton (29.40 lbs) 25
Plaister 874
Pig Metal lti
Bar Iron 2000 lbs STi
do stored 50
Weigh•ng per ton 124
All charges to be paid before the remo
val of the goods.
All persons entrustiong their business
into their hands, may feel confitinnt that
it shall be attended to with care and
punctuality; and any goods directed to
their care, shall be forwarded as per order
Steevens 4 Morrison.
Petersburg, Hunt. co Pa. Jan. 1,1840.5 in
Bargains for Cash
On and after the first day of January
the Subscriber will sell at cost hs stock
.1111 R C :MAW II S E
CONSISTING OF
Hardware, Queensteare.
Thy Goods and
Groceries
at his stand in Petersburg, where the peb
lic are invited to call and examine tot
themselves.
Yrn. Walker.
N. B. Persons having accounts with th•
Suscriher will please call and settle them
o❑ Or before the 20th of March next.
VV. w.
Dec. 26th 1839--St
HOLLIDAYSBURG AND , BEDFORD
TURNPIKE/.
OTICh. is hereby given to the Stock
holders of the Hollidaysburg and Bed
ford Turnpike Company, that a
fourth instalment of fifteen dcllars per sham
(making the entire balance of the stock re
maining to be called tor) shall be paid on or
before the 9th day of January next, to J. W
I Duncan. Bedford; or Robert McNamara or
Alexander Knox, Newry.
The hoard of Managers have also made
it the duty of the President or Secretary, to
bring suits in the name of the Company a
nainst all delinquents who shall have failed
to comply with this and other like requiai
tions heretofore made.
By order of the Bard,
J. W. Duncan.
_ ____ Secretary.
Dec. 11, 1859.
NOTICE TO COLLECTORS
FT all payments hereafter made by the
Collectors of oounty tax TEN PER CENT
will be required in sit.vax. This rule
has been adopted through absolute necessity
and will he dispensed with only in cam
where a compliance with it would be of
serious inconvenience to (tie tax-payer or
collector.
DAVID SLAllt.
Treasurer's office Hun-lt
.tingdoe, Decin. 18% „)