Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-07-28
PENNSYLVANIA. -.


H.. ST. '''" % by i' JOSEF RrrNER,
Governor of the said Commonwealth:
A PROCLAMATION.
The period has arrived wen tho series Of mis-
fortunes produced ~ the INJURIOUS interference Of
the National Government sjih the Currency OF
the Country is about 10 terminate. Congress hav-
ing risen without sanci.cnil: the attempt TO give
to the Federal Executive the eni::e control OF the
National wealth and Of thcwhoc amount ofspe-
Gle in tho country, and the consequent power to
affect and WELD TO its purposes all tine capital
and credit Of the Union; and having also imposed
certain saIutary restriction ON SO much OF this
power as had been already mrogatcd, It is lncum-
bent on the Commonwealth Of Pennsylvania to
put forth her strength, to quicken her dormant
energies, and to take that stand in the trade and
commerce of the Union whic, her unbOundcd re-
sources, her vast natural ard artificial facilities
for their .evclopement, and I've solid and cnerget-
ic character Of her citizens donand TO deprive her
Of which stand, all the u,e.surcs Of the National
Government have recently tended.
For the production Of this desirable result,
the measure first requisite is, that end he put
to certain open nfractions Oft spirit of the laws,
which have been forced upon us by the ovcrbcar
ing necessities Of the tmcs and to restore credit
and the currency TO the firm basis on which they
stood before ,heir !atc arrangement was unneces-
sarily brought Oh the people.
], therefore, by virtue Of that enjoyment Of the
Constitution, WITCH requires the Governor Of the
State to take caro- that tho laws ne ini,u::y Gao
cutcd, and for the purpose Aforesaid, do hereby
require all banks in this Common wealth, or be-
fore the thirteenth day Of August next ensuing
the date hereof, to resume and continue the re-
dcmpton oftheir respective notes, bills, and other
obligations, in gold and silver coin, according to
the true intent and meaning of their charters
And, for the purpose Of aiding those institutions
in tho accomplishment Of this laudable object, ]
deem 1t proper TO state, from tho information
have obtained, that their sol,ency and general
dcnco Of oil who bold their noes, their amount Of
specie on hand being largely increased, and OF
notes in circulation much diminished, since the
suspension Of specie pay mentsin MAY, 1887.
While it is thus chccrfuIly announced that the
means Of the Banks ample, and that their Con-
duct throughout the late tryin, crisis, generally
such to sustain their already high character for
pu0ctuality, honesty and solvelcy, maintain and
even increase our trade, keep the value of prop
crty, and prevent the State f.om becoming the
theatre of panic and distress, yet shall feel
bound, in d1ty To the public, totakc all the means
in my power To compel a return to that agency
and responsibility TO their creditors for which they
we're created: II, however,a return he promptly
and faithfully nacc TO that line Of duty to the
laws and to the public from which they have been
compelled to depart, the occurrences Ut the last
year will only be recorded in our tory anoth-
or instance ofthc perfect adoption Of republican
institutions TO the demands Of every crisis, and
will show that common and everything necessity
being bowed to be general conseat becomes for
tho time the law ofthe land
But to justify such rule Of necessity, and TO pre-
vent future evil from its unnecessary recurrence
or unjust continuance, it IS ind'spensably requi-
site that the instant the pressure Of circunstap
ces which produced its ceases, the empire of the
express and ordinary law Of the land should be
resumed. Accordingly. il on the other hand a
return to general and real redemption in specie.
and a withdrawal OF all illegal paper money from
circulation do not now take place. when all admit
that it NAV, with safety and public benefit, shall
hold il my duty, forthwith, to take all the meas
ures compel it. which the constitution and laws
have placed in my Powes; aud Mt the opening Of
the next session Of tho Legislature. TO recommend
the passage Of such laws rs may more effectualy
guard the future from the evil Of the past.
And further for the purpose and by virtue Of
the enjoyment aforesaid, do also hereby require
all persons or bodies corporate, who may have
violated the laws Of this State, by the emission
and circulation Of notes Of any denomination Of
notes under that OF five dollars, commonly called
shin plasters, to take instant measures for the
full and honest redemption Of the same, IN gold
or silver coin, or such other ample equivalent ~
shall be satisfactory to tho holders thereof, under
pain Of the penalties 10 such cases, which
penalties. il this notice be not compiled with in
reasonable time, it will be the duty Of all good
citizens 10 enforce.