The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-12-16

cannot or will not apply the remedy,
Never was there q country with ,under and
more uniform currency than ours, when. from Y hat
motive t is now useless to inquire the first attack
was male upon itin 1929. Even the might of
that popularity which has formed so singular an
era in our history as people, made slow progress
during the first years of the rnomentous warfare.
In this state SO disn 2ushcd for her gratitude and
devotion to the loaler of it if the legislative and
executive voice may he taken an in,el, public
o niou remained true to the common iht,l csts SO
at as the session Of 1912. Anu in con gress,
when arraigned at the bar of the house, by the Ex-
e"utive assertion of danger to the deposits in 1888,
the American people by their representatives, de-
clared themselves satisfied with their currency, and
with the depositary of their wealth.
But, while the news of this verdict was yet fresh
in tho ind of the nation, the unauthorized and
tartng measure of the removal Of the deposits
consummatcd. Since which time a succession
# measures, characterized by re,klessness, inc IL
5i tcncy, and short-,i-hted expedicncy, have fol-
wad each other in such rapid succession,
iy 10 allow time to become acquainted with tier
rue character.
The country has heen carried through a course
Of state bank currency-eXclusiye gold and silver
'urrCn v, and treasury note currency, viii is
" an 'tler name for so much hew national debt
i'll gold and silver the only legal tender, and the
rue constitutional basis ofal currency have aytu-
~ ceased to be used as money, and arc now bought
md sold as arti c ofmerchnnCilc III tie II aihct.
pon Pennsylvania, as was hetu!e remarked the
owl o tlmpering with the currency, has fallen
C ~ 'ratyely lightly. This is owing to var GUS
du e.:
The general prosperity of business, and the full
rl"eS for all kind Of produce and articles, which
pre- al ell for the last four years h ID Just dl5eIcum-
bercd the farms and Industry of the state Of the
ehts entIiled on them by the eyerse that followed
1914 and left both in the best possi condition 10
rcar change. The debts to the banks particular
y, were either much diminished, or generally of
emporary kind, incurred for mere present accom-
nOdati0n.
The ruinous spirit of speculation, owing to the
more cautious habits Of our fellow citizens had not
made such progress in this state. in some other
portions Of the Union.--Though it hId spread 4
l,rmin3ly during the few past years yet the amount
II engagements made undcrit uuholy promptlngs
vas not such as materially to effect our business
Transactions. The hurricane which has swcptover
he lnl hi, tits hoped, purified our business at
nosphcre of thi- infectious disease. The ac,ilen-
al remedy has been for the pre- eff ctuaI though
nbre severe than even the scrnest patriotism could
Ircscrihe.
The completion an operations Of a large portion
If the public works anl other means of internal com
uuucation, hal a de mu'h to the real capital,
nd had nvi sora'ed the useful and sure enterprise
f the state hy ioriing market to the rich aud
ho'aieu Pro'u,lS "i re h''e Sectl phN ana ny con
r""l5 Oh our .H"'"' Ulc certain Pronts .L Il l"lSe
'r'!mS uaie III almost every quarter o'the COM
Hon"eiith'
ne ia" "i ISIS, prom, Jung inc circulation ol
hlnK notes under nv dolt.7. hll placed our cur
fehrS on h'mT h-l' ID ~ lf'n'ri' nv restraining
INC lh'r'le ~ paper el'cu NJ an ine'ea ing
he pI'Po''iol OF s2a'l" IN the hdhd' ol TIE COM
nlni'y AM IN th' Banks
ne cohtl iu'd pre- eh'e ana operations oi the
rank oI me bnteI 9tn'S. ai'' gave - the other
tat" banks a ald t. the rurFen'y generally 'lull-
,e5S ana II ''nIt, taai were remeti 'cheh'Id'.
he state Al % o""l much 10 'A' SOL c'aracteF OF
lr. hanKiHF institution gcnFiIy' aaH I, the sac
md prudent manner IN Whlch tley mai tor years
a cen cohnu'te IN comNa lsoh witl otht tcs'
The nature tl1 OF ne m'fcanu'e hu'lne's ol our
'ommerrlH mtt,1poi' Il was OF 4 hrn kiAI IN
mt ol some ol the oiher sea-Noirl ct ''. Her
"Ator' gene ally resided IN TIE ayr utu al re ppn5
1 the vest, whose Interests. not b'ng tansIfely
onncrtci with tori nations were not 20 matte
tally ale ted by the denngcment OF traIe as were
mo depen InE on the southern cotton TO a co.
mi sugar plantations Her claims on olhel states
nave ''G' ''e'ro'e Sr'.T'any anu 'l' CT
feet on her credit aud thatoi her institutions has
Ioen salutary IN proporuon'
Neither must Tie steady 'haa Ter oi the dea'lhS
portion otour community he overlooked. lhe Pru-
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