The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1839-12-07
STATE CONVENTION.

upon the subject Of a State Convention to
recommend to the Legislature judicIous
reform IN the Banking System Of this State,
when we met with the following article in
that able Democratic paper, the Easton
Sentinel. The view it takes of the wishes
of the community with regard to reform
in the banking system, coincide so fully
with those heretofore expressed by us, that
we present it to our readers without any
further remarks Of our own, merely premis-
ing, that we hope soen to see measures
taken in the different counties throughout the
State to carry into effect the recommenda-
ton for the holding State Convention at
the time and place specified.
"The Bedford Gazette Of last week, in al
Iuding TO a convention TO take into consider
alton the necessary reform in our banking
system, suggests the 22d of February as
suitable time, and Harrisburg as a suitable
place, for the meeting Of that body. The
proprety Of calling such convention origi-
nally took its rise in the Gazette, and we
think the time and place admirably suited
for the meeting. 1t is sufficiently remote
to enable the people to discuss the necessa-
ry measures of reform, and at time when
no existing political topic will agitate the
public mind. 1t is now agreed that our
banking system IS radically defective. E.
ven the warmest advocates Of banking in its
most irresponsible character admit this. In
| fact the existence OF two successive suspen-
sions, in little more than year, at a time
of peace and when every branch of domes-
tic industry has been successfully conduct
ed, places this beyond all cavi. 1t is not
even urged that the operations Of govern
men! have had tendency to produce such
a result.
Under all the circumstances, we think
The meeting of such con"enlion, to dis
cuss the matter calmly and nationally, will
be productive Of the happiest results. But
such discussion to be beneficial, must be
conducted upon broad and rational prlnci'
Plies, having the welfare Of the whole peo'
pie as polar star to guide its deliberations
No private interests, or sectional jealous
les should be carried into the assembly,
A body organized with this view, and com
posed of men of enlarged and liberal ideas
of banking, in all probability would arrive
at some wholesome suggestion of reform
There now appears to be desire with al
: parties, that some measure should be adopt
ed TO prevent recurrence of the sudde
and frequent revulsions that have recentl
taken place in the monetary world, causin
such wide spread injury and alarm anon
men of capital and enterprise. These sue
d den checks have undoubtedly done incalcu
10 able injury, and unless some measures
y adopted TO prevent their recurrence, mu
have tendency 10 retard the onward marc
= of American enterprise. We trust we ST
a' the dawning Of better day in our fsc
n. operations; day in which men will stru
gle 10 be foremost in promoting the wella
"a of their country, rather than for the prom
rs ton Of this or that measure, at the oxpen
rk of a rival party. Even should there not
n an entire unanimily as to the best systs
~ of banking, proper examination of the su
ject in deliberatiye convention, would
IL productive of much permanent good.
- As we have heretofore said, our banki
eli institutions have become part and parcel
our social system. There are none,
ed trust, so weak, or vicious as 10 wish III
a. destruction. That, if possible, would
me- attended with ruin to thousands Of our m
81. useful citizens Of all trades and oceupaiio
All tlle people ask is a sHro'scdou from