Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1840-01-20
PENNSYLVANIA,

The Message Gov Porter Of Pennsy lvana exceeds in
length the elaborate and gigantic OF its predecessors
cotcnporares. II has, however portic uluy considering
its Loco Foco origin just views which presented
with great force and pcrspcny.
The public debt ofthat Commonwealth, he says, amount,
500, bearing annual interest of Sl49i7O0l6
which be paid ia specie equivalent The Govern
or earnestly insists upon the obligation of the State faithfully
to meet its engagements and to redeem its nbltcsandr
commends additional taxation the only means within its
power So achieve this result.
On the subject of Banks Gov Portcs remarks sound
and practical Just such should have expected from
Wing and this by the leads TO remark, that nbd
as the Loco Focos be against the Banking SYSTEM
leading suppose that tcy had the power they would
Nero wished he able do with the Roman people,
Off all their heads nge blowyc where they hare
power they have in Penns lvana, they tender
with these institutions any mother Of her offspring
Gov Porter expressly declares that the sub
Jet Of Banking MS qucson-ihat has been settled
long and is nterwned with every in The
Commonwealth at has, for good for evil stamped its in
huence every commercial manufs and agricultural
interest among citizens Under the operation of th.
system, he justly tells the people, oil existing have
been entered nto and the State deb fastened upon
and he them, that by its destruction rcsl and
all other commodities bearing the highest paper price,
fall greatly in value and by that fall thousands of
terprizng and industrious people would be rrerevably
ined and he truly informs them that the poor and those in
hardshps, "the rich being creditors having little
the change These, will be seen, solid Wing
gumens. They less sound bee of their Loco
Foco adoption We are glad indeed that they have
found favor in quarter II satisfies US. that the profess
'ons the party about Banks about sincere as their
promises Of Retrenchmcnt and Reform Both made to
chime in with the prudces of the peopebo abandon
ed, when having been obtained they have answered
the ends for which they designed.
Gov. Porters arguments against the une
exercise of ;he of Banking by the several States
with peculiar astonisbment. lie correctly SAYS that
would be useless for Pennsy other State
tempt regulation ubrogson of the system since it is i
possible protect themselves from The evil effects inu-
dicous system authorized by ncigbons Common weahs:
and lie adds remark, whch be unmeauing
unless il he the constitutionality of
National Bankwch all will allo is n somewhat pett-
ed admission be made by the Loco Foco Penn
syvnna. He II know Of other mode of securing
uniform and coemporaneous action, this important sub
among all the States of the Union ereept through The
geucy ofhe General Government Hhioi, already pos
sessed Of The poer necessary for The purpose, should be e
Ded nth IL by amendment ofhe Constitution. Now,
perceive mode in which the general government
take for granted that that the mode which the Go
refers. And conclusion what eupediens
what experiments may shall come At last
the Locos leading The way just the Republicans head
ed BY Mr. Madison did in 1876 long and stubborn
ssance, which conquered only by oycrrung
sity.
proper add however that Gov Porter his
friendship for the Snb-Treasury, with which, OF all
foregoing reasoning utterly incompatible. Its forus,
however this occasion, merely factsnot
cilc contradictions.