The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1840-01-18

lt Is our right, as u Is Our duty, as Cltl- |
2ens of Pennsylvania, to occasionally as
semble and review the acts of our public |
agents, and we do so with the greater pleas
ure, at the present time, when we can so
cordially coincide with the views of the
able and efficient Chief Magistrate of this
state, David r Porter, in his late message
to the legIslature--a document replete with
sound doctrine and wholesome regulations,
which, if carried into effect by correspond
ing enactments, will advance the best inte-
rest Of the state.
The present critical period in our state
affairs, brought about by the suspension of
specie payments by the banks, and the con-
sequent disarrangement Of the currency, re-
quires all who are well wishers to our re-
! publican institutions, to be conciliating, but
firm in their determination TO correct the
evils which have arisen from the improvi-
dent, and we will add corrupt, legislation
which has for several years past character
ised the acts Of our legislature, and which
has well nigh bankrupt the state, and nearly
destroyed its credit both at home and sbroad
--entailed upon US an immense state debt
cursed us with $60,0OO,OO0 nominal bank
capital, building up false credit system
"a deprecated paper currency-and fast
ened upon us innumerabe soulless cor pora-
tions, for ages 10 come, that will grind the
face Of the farmer, mechanic and laboring.
class. We say conciiating, for it is no
time to handy epithets when our liberties,
nay, our very existence as a sovereign in
dependent state is in danger, not from a
foreign foe, but from a domestic enemy,
ten times more subtle and dangerous to our
welfare, as they clandstinely and insidu-
ously sap the foundation of our rights as
citizens, by regulating the value of our pro-
perty at pleasure, and rendering the people
indorses for the good conduct of their kna-
wish and swinding officers. The times,
therefore. require that the voices of all should
be raised in union and harmony for a
revision of the present corrupt banking sys-
tem-for a curtaiment in the public expend-
lures, by establishing system of reform
and retrenchment in the successful prosecu-
ton of our public works, as it will require
the most rigid economy to prevent an i'll.
crease of our public debt, and resort tc
taxation to sustain the credit of the state
Therefore
Re3olUed-That we have read with live
ly satisfaction, the able message of our wor
thy governor, and tender to him our apPro
baton Of his recommendations for reform
in the Banking System Of the state, and thai
we coincide with him in the opinion thai
they should be placed beyond the power Of
doing evil if possible.
Re SOtUCd-That the honest, fearless and
| independent course marked out by Cover
nor Porter, for the discharge Of the official
duties of his station, merits the confidence
Of the honets yeomonry of the common.
wealth, and is a severe rebuke upon the dis.
affected political gamblers, who, judging
from their own standard of integrity, insin.
uate that he could be induced to swerye
from the path of duty, by the sight of "gold
headed canes and sparkling champagne"
ReSOlved-That we war not with banks
honestly and fairly condpcted but we do
war against all those that have been used as
shaving and swindling shops to make the
rich, richer, and the poor, poorer.
| ResoiUed--That in this class, we recog-
Mise those who have paid dividends to their
stockholders, whilst they refuse to pay their
honest debts-thereGore we agree with the
governor that they should no longer be al
lowed TO set law and honesty at defiance,
but be compelled to Immediately wind up
their concerns.
Pe8olUed-That we consider the present
banking capital Ofthis state far beyond that
which is required to do the sound and well
regulated business of the commonwealth
| aud ibot instead Of it, hainr increaSad IL