Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1819-11-27
SPECTATORS
EDWARDsynLE, NOVEMBER o. 1910

6lglAV4AAAUNo
EDNARDsVHLE, NOVEMBER q. 1919
At an agricultural fair held in Otseeo
county, N. Y. on the 5th uIt. premium
OF ten dollars was awarded to Martin
Hayden, of Hartwick, for the greatest
product and best quality Of Indian corn
on one acre, being l25 bushels and 26
quarts. A like premium was also
awarded to David Taft, of RichfeId, for
the greatest quantity and best quality Of
potatoes on one acre, being 90 bushels.
Pennsylvania Etection.-The annual
election in Pennsylvania for members of
| assembly, sberiRs, sc. was held on the
first Tuesday of last month In the civ
of Philadelphia, the two sections of the
republican party united and elected
their tickets for commonl council and
for assembly,, in opposition to the
federalisls, with the exc btion of one
candidate The new coundl have elect
ed Major James ". BQrkei, late of the
o. S army, Mayor of the city.
A Post-Office has been established at
Downing's Station, Madison county,
James Downing, Esq, Post.MaSter.
John w. Walker and William r..
King are elected senattss to congress
from the state of Alabama.
TIE Cnrrency.-As he period ap-
proaches for the meetirg of the state
legislatures, Zone or mor Of which may
be now in SESSION. and Of congress, the
condition of the curreIEyii is subject
which presses itself upp the attention
OF the public with the greatest intensity
1t may be expected Hat there will be
numerous expedients proposed by way
OF improving the circulating medium of
the Union.
But erhedients, in matter bf this Sc
rious and important nature, should be
carefully guarded against.
The subject must be viewed in rela-
ton to the zuhote of the United States,
OF any remedy offered will be local and
inefficient.
1t should be considered with fairness,
honesty, good temper, and 4 sincere de-
sire to adopt the best means of cure.
With respect to circulating medium,
every citizen has an interest common to
every other citizen.
Those who propose to bolster up tot
terlng or insosyent banks, or any banks
that cannot pay their notes in good money
on demand, and those who dcnounce the
whole banking system in mass, are
equally distant from the true correcting
medium.
Ii is futile, if not frauduleut, tc attcinp,
to sustain any bank, by entering into cal.
culations Of the degree of solvency OIL
insolvency which appertains to it. The
line of prompt payment Of It's notes, in
good money, is the only true measure OF
its trustworthiness. 1t is the same thing
to the holder Of bank note though not,
perhaps, to stockholder) whether a
bank, which will not pay It's note, is
near to, or far from, insolvency. Pay
ment in true money, at sight, is the on.
ly satisfactory criterion.
A bank is not altogether ike a mer.
chant. 1t is, to be sure, a dealer in
money; but for that very reason il ought
never to fail; for real money is not a
perishable article, and the directors Of {
bank always know what the state of theil
genuine means is. If they issue more
notes than they can pay, they are wilfuily
culpable. Insolvsnt banks should be
treated as bankcupts, but without the
.lenity shewn to merchants, who have a
thousand risks, of the sea and otherwise
Those who enjoy the peoples conf
dence at this moment as legislators
should be cautious not to abuse it by
sustaining wild projects,
City Of Washington Gazette
Exchange, says an old proverb, is nc
robbery.-A letter from Trinidad to the
editor of the Boston Daily Advertiser
under date of the 28th of August, men
tons, that it is rumoreG there, that the
Island of Trinidad is to be exchanged
for the Island of Cuba.-Ibid.
From Murfreesborough we learn that
the bill compelling the banks to pay spe
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