Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-02-13
EDITORS coGRrspoNpExc,

No'. F>tAahoef Bfo"n' OF Nelson, was In d.
ieeted Brgadier General Of Virginia Miln,a a.
oi Zen VIM. +. Gordon. who was ree.ntlx -
ted TO the rank Of Brgadicr General H.. -
tors were Col Edward A. Cabell Of Ambe,s, ~,
Thus J, Randolph Of Albcmsre. Col. r.
the senior IN commission and that consdo,.,.
connection with his deserved popularity n
ana MS qualifications as an officer, decided
votes IN his favor. Col. Cabell, indeed
commission at all, having sent in his r.si,a.,.
month or two since That circumstance Ia,
the support Of many members who yo,.a
him with great reluctance, but with whom !,
cd rule never TO overlook seniority Off
where there is a grea. and obvious d;s,.,'
the qualifications Of the competitors. or sam.
tive objection to the oldest IN commission.
The House Of Delegates has been asa;, ,,n
the Bank bill; most ofthe propositions, how.,.,
amend it, having been rejected. The Tim.
uponit, apprehend is so much wasted as /.
hill so 10 the Senate in what shape il NAV. ;, .n
returned from thai body entirely RI. mod.,.a
its author will hardly be able to recognize
features of his offspring. have no doub,. ina.La
that some of the accomplished political ecos4 a.
of the Senate have already, prepared bill 10 h. e.
STUFFED for that of the Ioase, totally dismar in
most important provisions.
] have before adyerted TO the fact that these Rail
tinkers only derange still more aud more the ma.
chinery. the complex working of which they eanno,
comprehend, and winch therefor they are who'll,
unable regulate and control notwithstanding thew
have unfortunately the bodness TO aiiemp, it, and
the presumption to think themselves fully equal to
the task ! They attack rudely. and wl,hou, scrupo
seek to overthrow, principles and systems, which
the offspring oflhe mismicst inlelleeis trained
and disc pinned by long lives of observation and suds
Thus, 4 -
Fools rush in where Angels feario tread"
We have practical illustration Of the criminal si.
pdty Of these Bank Reformers," las they arp
gantly style hemseives,) in The state Of things now
existing in Pennsylvania. Tile Legislature of that
State, it " i'll be remembered assembled few weeks
ago, the large Loco Foco majority Of which it's
composed going upto Harrisburg. like Saul of
Tarsus, breathing fire and slaughter agains, IN.
Banks, which. while they saved themselves from
ruin, had also preserved the people from iuemeda-
BILE mischiefs, by a suspension of specie payments
The leaders Immediately took high ground-he,
declared that they would hold no terms with these
law -defyng Monsters; and Immediately resolution,
we're introduced denouncng the suspension, and d,
rectng The Banks 10 resume specie payments on or
before the 18Th Of February. pain afan absolute
and unc conditional forfeiture OF their cve char
tiers. These resolutions passed the popular branch
of the Legislature by an overwhelming majority and
would have also passed the Senate but Just in the
nick Of time, an occurrence took place which
compelled them. the sailors say to take in reef"
aud to prepare for storm in another and TO all but
themselves, not an unexpected quarter. The Stals
itself faited and the great question for these wise.
acres TO letcrmIue is, When shall the STATE resume,
These crusaders against the Banks, thus iorced
look at home, began to pause their mad and mis-
chlevous careei-and they ret 'eated from their
position precipitacv they had assumed it. The
facts, in brief, follow 81 #.#. 1861
The Legislature OF p ems ylvana, some weeks
foreseeng that the State would, from its Ordinary
resources, be unable to pay the interest upon its
debt passed an act authorizing temporary loan Of
5000 900 10 meet the emergency; and the Governor.
having in vain sought 10 procure 1t from capitalists,
applied TO the Banks,-the despised and abused
Banks for aid. One OF them offered, upon certain
condtons 10 loan the State 81 90 000 and some 9th
ers smaller sums but most OF them pleaded nabll-
ty and finally the whole negotiation, il seems fail
ed. And, the LIST inst, Governor Porter who
Loco Foco he is deserves immo itaI honor for tho
general soundness Of the views expressed on This
subject in the teeth Of the rabid partizans by whom
he is surrounded, transmitted Message the Le-
gisature, applying that body that the loan could
be obtained, and recommending, ''as the best al
tentative which present ITSELF the passage forth
with of joint resolution, authorizing the issuing Of
State stock for the interest due, TO be dlyesd
to the holders of the stock for the Mt due them
respectively" A resolution to this effect i'm
mediately passed unanimously by the House. and
body 1t doubtless met with similar prompt and unan.
imous acquiescence.-This state OF, things alarmed
the men who but the day before passed the resolu'
TONS 10 favor of the immediate resumption Of specie
Layments-whom Gov Porter thus manfully and
fearlessly rebuked: mo man, were he concerned
" early day for the resumption of specie paymenis ~
g the Banks than | would, it, by doing SO, the dts'
" rable result would be produced. But. placed "
5" am, as the Executive OF tie Commonwealth, to
" preside over her interests, feel bound to say,
regardless Of any denunciations ishich nay be pour
ed forth from any quarter, that believe il too vlg-
- oIous system Of measures be adopted TO coercs
:" the payment OF the liabilities Of The Banks, imme-
4" diatey, the credit of the State must and will be
seriously and disastrously affected" This | re-
cumstances The resolutions in favor of immediate