Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-08-18


out sanclioning the attempt to give to the
Federal Executive the entire control of
the natioual wealth, and of the whole
amount Of specie in the country, and the
consequent rover To affect and WELD to his
own purpose all the capitol and credit
Of the Union, and having also imposed
certain saluiary restrictions on so much of
tbs power as had been already arrogated,
il is incumbent on the commonwealth oil
. Pennsylvania to put forth her strength, to
quicken her dormant energies, and to take
that stand in the trade aud commerce Of
the Union which her unbounded resources,
her vast natural and artificial facilities
for their deveNpement, and the solid and
energetic character Of her citizens de-
mand: to deprive her Of which stand. all
the measures of the National Government,
have recently tended.
For the productions Of this most desi-
rabe result, the measure first requisite is,
that an end be put TO certain open nirac-
tons of the spirit of the laws, which have
been forced upon us by the overbearlng
necessities Of the times; and to restore
credit and the currency to the firm basis
on which they stood before their late de-
rangemcnt was unnecessarily brought on
the people.
|, therefore, by virtue of that enjoin-
ment off the Constitution which requires
the Governor the State to take care that
the laws be faithfully executed, and for
purposes aforesaid, do hereby require a
banks in this commonwealth, on or beioroa
the thirteenth day of August next ensuing
the date hereof, TO resume and continue
the redemption of their respective notes,
bills, and Other obligations, in the gold and
silver coin, according to the true intent and
meaning Of their charters. And, for the
purpose of aiding those institutions in the
accomplishment of this laudable object, |
deem it proper 20 state, from the iniorma-
ton have obtained, that their solvency
and general condition is such as 10 entite
i them to the confidence Of all who hold
their notes, their amount oil specie on hand
being largely increased, and o. notes in
circulation much diminished, since sus'
pension of specie payments IN May, 1887.
While it is thus cheerlully announced
THAT the means Of the banks are ample,
and their conduct has been, throughout
the late trying crisis, generally such as tc
sustain our already high character fol
punctuality, honesty and soiVency, main
tain and even increase our trade, keep vi
the value of property, and prevent th'
lState,lrom becoming the theatre OF panI'
or distress, yet | shall feel bound, in dut.
TO the public, TO take all The means IN m.
power to compel return TO that agenc,
and responsibility TO their creditors TO
which they were created. II, however,
return be promptly and althIulIy made Il
that line Of duty 10 the laws and TO thu
public from which they have been com
PEELED to depart, The occurrences OF tn
past year will only be recorded IN our his
/, Tory as another instance OF the pertec
adaptation oil republican institutions to tn
demands of every calsls, and Will SHOW
that common and overruIing necessity be
ing bowed to by general consent, becomes
for the time the law ol The land. But Il
Justify such rule of necessity and proven
future evil from its unnecessary recur
renee or unjust continuance, II is indlSpen
SADLY requisite that the instant the pres
sure Of circumstances which produced
ceases, the empire of the express and or
binary law oil the land should be restored
Accordingly, if on the other hand return
to general and real redemption III specie
and withdrawal OF all illegal paper mon
ey from circulation, do not now take place
when all admit that it may, with safety
and public benefit, | shall hold It my du
~ forthwith to take all the measures t
compel it, which the constitution and la"
have placed in my power, aud at the open
ing OF the next session OF the Legislature
to recommend the passage of such laws
may more etfectually guard the lutur
Be iron the evils ofthe past.
And further, for the purposes and by IN
virtue of the enjoyment aforesaid, DO a
so hereby require all persons or bodle
corporate, who may have violated the law
of this State by the emission and clrcula
ton of notes of any denomination unde
five dollars, commonly called shln-pla'
tiers, to take instant measures Tor the iu
and honest redemption OF the same !
me gold and silver coin, or such other amPI
equivalent as shall be satisfactory 20 tn
ay holders thereof, under pain Of the pena
: ties. lie this notice BIZ not complied wit
: in reasonable time, it will be the dat
Of all good citizens TO enforce IT,
Should this requirement be fully all
ono..I.. mat thn T,pn,nnT