Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-03-14
Correspondence Of the Herald
HARRIsBURG, March ii

HARRISBURG, March ii.
ImportGnt-1he Resumption fired at last.
The Senate having refused to recede from its
amendments to the Resumption Bill, Committee of
Conference was appointed today, from each House,
to take the bill into consideration II is very pro-
babe that will not be revived again. the attention
of the Legislature being attracted to a new bill in
troduced into the House of Repres entatives which
is designed, among other things to effect resump-
ton.
Mr. Higgins, Chairman of the House Committee on
Internal Improvements, reported bill, to-day pro-
vidng for the payment of the interest the public
debt, the completion of the various lines Of the pub
lie improvements now in progress, and for the
sumption of specie payments by the banks. 1t was
made the order of the day for Monday next, and
1000 copies ordered TO be pr inted. will procure
copy of il tomorrow morning, and send il TO you.
The bill provides for the resumption the LIST Of
February, 1871, upon condition that the banks shall
loan to the Commonwealth such of money as
shall be necessary to pay the interest the state
debt, and carry on the public works-the shares OF
the loan taken by each bank respectively to be in
proportion to the amount of its capital stock-the
loan bearing interest of per cent per annum and
rembursable in 1870.
Those banks which accept the provisions Of the
BILL are required to notify the Governor of such
required also, within thirty days after the passage
of the BILL to give gooc and sufficient security, to be
approved OF by the Governor for their faithful per-
Torrance of the contract; and those banhs which
do not accept the provisions OF the BILL are requi-
red TO resume specie payments after the expiration
of thirty days from the passage of the bill and up
on a failure to effect such resumption, their charters
are 10 be declared forfeited.
This is about the substance of the bill; but there
various other sections restricting the banks
within their legitimate sphere of action, which you
can at full length on the printed copy.
The following is the list of appropriations propo-
sed by the bill, viz
To purchase Locomotives Ito Anthracite coa
To avoid Schuylk inclined plane. ..........
To avoid plane at Columbia 50 900
New work finished lne pay Of SC $1,000
Old debts for repairs
Repairs sinhamahonng extension and others 1900
survey Of Railroad Pttsburg 20 900
To EEie extensions 500 600
North Branch ditto OOO
Monongshela Navigation. 100 900
Subscriptions to stock of the Bald Eagle and Spring
Creek Navigation 1ompany Inconvenience. $4,000
Delaware and Schuy lhll canal 900
The Governor is required to subscribe 1000 shares
sc stock Of the Union Canal Company, which shall
constitute the Governor and Secretary er-oGcio Di-
rectors of the Company; and the Governor is also
required TO appoint three Directors the part oi
! the state. The Governor is also rexuired to sub.
scribe GOO shares to thu stock Of the Danville and
| Po,tsvile Railroad Company, for the purpose OF
| constructing a basin at Sunbury
What will be its fate, cannot, Of course, be CON
ectured wi it'll much certainty, but it probably will
be popular in those sections of the state which will
be benefited by the appropriations.