The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-05-11
philadelphia correspondence.

PHILADELPHIA, May 8, 1871.
The Revenue Bill, passed by the Legislature on the
of adjournment, is Of a mixed character. II is
better adapted 10 the necessities of the State than
subserve the general interest The obstinacy of the
Governor prevented the preparation Of such bill,
might have answered the views of both parties and
been fully adequate to the times. Had not the Wing
members, the last day Of the session, resolutey
hurried this bill through the Legislature would have
adjourned without adopting any measures to sustain
the credit Of the State. So recreant is the spirit of
Loco focoism TO all sense Of public honor The bill
provides for loan Of @ 100 O0O Tedecmabe five years,
and bearing interest Of three per cent. All tho
banks in the State except four to subscribe to this
loan in amounts proporoned to their respective CAPT
tails and these banks may pay for the loan thus taken
in ST. So, and SIS notes. but not more than one-fourth
of the latter. The aggregate issue of small notes
will be -, 1876 600 The banks issuing these notes
obliged TO receive them for debts and on deposit,
but the deposits payable in the description of
currency and the notes rcdeemabe, not in specie
but in State stock al par and only then when pre-
scented in sums Of 800, and upward These notes
not being redeomable under five years. suspension is
authorized for that period and this is the bargain be-
tween the State and the banks fthc banks will lend
il the SO 600 900, it will sanction suspension for
five years But this loan may be paid, provided,
at any time at the pleasure Of the Legislature So
that when the State chooses to pay the loan do So
and the provisions Of the law at end and the
suspension The other provisions of the bill
relate to the better government Of the banks.
The Wing members Of the Legislature have issued
very able address to their constituents, rec,ing the
arbitrary of the Governor and the abuses Of the
State administration. As instance Of its extiavs-
gance, the following may be adJuced. II became
cessary TO relay miles of railroad Philadelphia
1t was an unquestioned proof that this work might
have been well done for $4,000. 1t was done, and
cost the commonwealth S54 $780, causing loss of more
than eighteen thousand dollars. This is eharacie-
risc trait of Loco foc0 extravaganza and Is one ohe
means by which the State of Pennsylvania has been
encountered with its present heavy debt Here is an
other specimen, which is humble imitation OF the
conduct Of the Van Buren, administration in the Flo
rida war On the Western reservoir, il ~ ascertnned
that il cost the State upwards Of twentytw thousand
dollars TO clear from timber about 400 acres !! Penn
syIvania is suffering dreadiuIy from Loco-ioco mis-
government.
Stocks have slightly improved. Pennsylvania needs
attention from the administration. There about
900 Post Offices this State andl less than 40 Of them
are kept by Wigs and Of these 40 not one Of thems
in the receipt OF more than $40 a year. In the late
election, the Post Offices in Pennsylvania were 80
shameuIly msmanaged, that IL impossible TO cir
culate Wing documents by the mail We are anr-
ously awaiting the diplomatic appointments