Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1840-01-15

The Governor tnen recommends the appoint
ment of bank commissioners, who shall at all
times render true account of all the banks.
He recommends the passage of law to
COMPEL aliAanks TO receive each others notes
at par, Hong as they pay specie.
Herecommends law to prevent any bank
its own.s @
He recommends that directors Of banks be
made personally liable for the payment Of all
notes issaed by the banks respectively under
their direction, if at any time the same in cir
cnlation, and the money due to depositors, shall
exceed the ratio of three dollars for one of the
specie in their vaults.
He recommends that aficr, perhaps, one
year, TO bank shall be allowed to issue bills of
less denomination than So
He recommends that the banks be prohibited
from making dividends exceeding seven per
cent.
He fayors the establishment of an Indepen-
dent National Treasury
We shall take occasion hereafter to notice this
document more particularly
BANKs.-lt is notorious that many of the presses
favorable to the election of Mr.. Van 3uren, and the
adoption of the Sub Treasury System, are opposed
to the existence of Banks-which they deny as
I" soulless corporations" and dishonest combina-
tions Now it does seem strange that men of com
mon sense--men assuming to lead public opinion
and establish Sound democratic principles,
should essay TO urge so absurd doctrine on the
people. Banks are useful-necessary but at the
same time, we do not wish to be understood t. say
all Bauks-for there are many which the country
would be much better without. We are not the
advocate OF corrupt system of banking by no
means butwe are decidedly favorable to that sys-
TEN which secures to the people the facilities of a
paper currency at all times, and in all places, con-
vertible into specie, withoutloss or inconvenience
Such a eurrencyis desirable-such we would have
established; but so long as the Federal Govern
ment seeks to place itself in antagonist position
to all banks, by endeayoring to rear up a system.
which would prove their inevitable destruction, we
despair of seeing such esut. If the present sys-
tenn of Banking is defective, and we believe it is
materially, let the legislatures having the power
reform it. Let wholesome restrictions be enforced
in r-ord, correct, not, destroy it. The evil
that would result from the destruction of the banks
in our opinion, can hardly be imagined. Without
them, what had our country been--wllat would il
be Strike out of existence every bank charter
burn every note-and who cannot foresee the aw-
full consequences, TO our national prosperity Lei
Co1d and silver 10
we prophecy, that where the farmer now gets three
levys for bushe ofgrain, it would not under such
circumstances bring him one. 1t is very easy mat
ter to cry "down with the banks it costs but
slight waste of breath; but mark ye, reader it is
more difficult to cure than kill Men should reason
ere they act; for moments reflection has many
atime saved years ofregres, shame and remorse.
HARRIsox AND TYLER-The friends of demo
cracy and reform have jest reason to be gratifiet
with the reception by the people of the nomination
of the National Convention The old Hero of the
West is remembered by the old democrats of thC
country, as brave soldier, and able states
man, and although prohigate politicians may de
nounce linn as an cold granny" and ridcult
him, because be is poor, they will do themsclve
an hohor, and their country essential service b,
rallying around him. as in times of danger to tl
Republic, long since past They will not be driv
en- from his side by the hootings of pack of I'm
| principled, dishonest, and corrupt Office holder
and office seekefs who cry out against him, for
has become matter of duty with these canaille Il
serve with spaniel-ke fidelity the hand that feed
them, no matter what the requirement may be
and, as their own salvation depends upon the tri
umph of their party, they care not how great tn
outrage committed against individual character, o
how deeply they wound the feelings of good an'
great men. By their disreputable course of defama
ton. Their Office is the price of their perfidy--
hence the incentive 10 perform the duty incumben
on them, to SANDER and traduce those, whom al
honest people consider worthy of the highest homo
/ in their gift
! A Hist TO TAVERN kEEPERs.-Bear this in mind
''that the evidence Of good tavern is its being we
1 supplied with newspapers and periodicals" w
know of many taverns where newspaper is sci
| dom seen, and when scen may be considered
positive curiosity.