The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-05-04
philadelphia Correspondence.
PHILADELPHIA, May /, IS4l.

PHILADELPHIA, May /, lS4l.
The Legislature has before it a bill providing
for the sustaining of the State credit 1t is founded
on Compromise bill reported by Mr. Johnston, Of
Armstrong. 1t 10 the result Of three months do
liberation, and while lenent to the banks, is just to
the people. Necessary and useful it is, in
formed it will be vetoed by the Governor This is the
last attempt of the Legislature to provide for the pay
ment Of the liabilities Of the State falling due in Au
gust next. All its previous were negatived
by the Governor If this, also, should be vetoed,
most serious blow will be inflicted on the credit Of
Pennsylvania. The responsibility will rest with the
Governor who has neither proposed any measure nor
ntmated his wishes but has steadily opposed himself
TO the acts of the Legislature Such is Loco Foco
sympathy with the honor and standing OF Pennsy
vania.
A clerk of the Camden Bank has robbed that inst
tuticn of $4,000. The example of Lewis and Others
of more respectable viainy is contagious II is sup
posed that he like Lewis will be permitted quietly 10
enjoy his booty. This is all owing the laxy Of the
laws with regard to the Banks. Why are
of these gentemanly cashiers and clerks lodged in
the Pcnitentiary like common hghwaymenl lsrank
and wealth TO them from punishment An
example would be sautary at this time
Philadelphia has lost $50, 900 by the late Bank
disasters and commercial embarrassments, and yet to
the eye Of stranger there visible signs OF dis
trcss As many new houses building as ever, and
though there is diminished activity among the larger
houses of business yet trade in general is brisk and
with the shipping merchants on the increase Tho
city already revivng, and before another year shall
have passed away, though our Losses will continue 10
be felt their pognancy and force will be much miti-
gated A new and growing trade by the Tide Water
Canal of the Susquehannah is opened, and,
should Congress lay an increased duty on foreign
coal our coal fields will be much augmented in value
The Il AIDE to tho West also is much the increase
from the reduced of toll. the canal and rail-
roads, and our manufacturers of iron, machinery and
domestic goods hive orders to an amount winch u
will take some time to meet. The natural wealth OF
Pennsylvania inerbaustible as II is makes her tho
richest State in the Union. Our present embarrsss-
mcnts arc rapidly passing away, and as soon as we
ne, rid of The incubus OF the United States Bank
will be free TO run of prosperity chasten
ed and admonished by the experience of the pact.
The root of nIl however lies in bad Legislation. We
want integrity and honesty in our Legislature well
capacity.
There is no improvement in Stocks, nor will there
he apy until the fate Of the Revenue bill is known
The custom house is undergoing publication. IT
needs it well the posotIice, for they have both
aboundcd in ofcious Intermediates with the elections
Can il be true that J. ~ Barker is be appointed su-
pcrntendent Of the Arsenal at Frankford when there
arc so many deserving Wing appliean's7 kJ'