Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1841-05-01
From The american Sentinel.

From The american Sentinel
CURRENCY, No. 8.
The cost Of Bank note paper is Twenty five dol
lars per thousand Sheets The cost of printing is
2I cents per half sheet of four notes. Steel plates
of the mos, exquisite workmanship would cost $500
for sheet Of four notes. capital Of one hundred
millions could be furnished on the best bank note
paper printed in the very best style, by plates of tho
most approved patterns, for about twenty thousand
dollars; admitting that the destruction Of Bank
notes is 2j per cent of 10000 dollars, it becomes
mere moonshne when deducted from a capital of
one hundred millions could be furnished on the
best bank note paper printed in the very best style
hy plates of the most approved patterns for about
Twenty thousand dollars; admitting that the des-
truc,ion Of Bank notes is l-2 per cent of 10000
dollars, h becomes mere moonshine when deducted
from capital of loo, 100000 dollars. five admit
that the public loose the l-2 per cent on the
whole capital then the loss would be severe, but it
is not so, for if the bank notes lost in the sea
or burnt in the fire, the loss to the community
would he only 2 l-2 per cent of 10000 dollars.
The loss to individuals would he great if such was
dences connected with this statement, it will read-
y TO every that such loss to individuals
is not likely to take place, First, If note becomes
mu,ilated can be returned to the Banks Of issue
and an other given in exchange, there is therefore
no necessity of loss 10 individuals for or tear.
A bank note is no. liable to leave the pocket in
STOPPING down. gold and silver coins take leave of
absence on those occasions and often in situations
where recovery is impossible, again, If a man fall
into the river, is drowned, and grappled up by his
lower extremities, the gold and silver leave his pock.
ct, creep into Jones' locker, to be recovered
by the hands of man; not with Bank notes, they
in the pocket book wallet stick fast to the pocket
and come up with the body. So tempting coins
to all persons called human beings, that we
yer safe if accompanied by them; when our sailors
visit the China shores and get into row with the
inhabitants, several of the Chinese rowdes will catch
hold of a sailor. turn him opsy turvy, shake all the
coin out of has pocket, and then let him go, bu,
should our sailors have recourse TO state securities
the Chinaman will be foiled, and instead Of foong
away his money, the sailor will bring it home to his
wife and family. E.J. PIERCE.
MIR. Stevenson and Lord Palmerston.
The New York Evening Post thus explains
matter which has created considerable attention on
both sides The water
"An impression having been generally produced
by Lord PalmeTston's late remarks in parliament
that he had communicated TO the American minis
tel at early period, the determination of the Brit
sh governmct to the responsibility of de-
stroying the Caroline, Mr.. Stevenson wrote note
to Lord Palmerston, inquring of him when the
communication had been made.
To this inquiry Lord Palmerston answered by q
note that he alluded to conversation which hat
taken place between him and Mr.. Stevenson, in
February, 1888, when the news of the destruction
of the steamer was received through the newspapers
He then left Mr.. Stevenson TO infer, as he thought
what uouH be the course Of the British Govern.
mept in the event Of demand made upon ii by the
United States, but he did not intend to intimate
that he considered this as an answer TO the Amer.
lean claim for reparation.
We have the account of this matter from per.
feet authentic source. The conversation between
/, tne American hinislei anu Inc DIitish peer "ds
altogether informed, and took place on the arrival
of the first newspaper account of the affair. If any
such meaning was conveyed by Lord PAmerson'
words as that expressed in his note, Mr. Stevenson
had no righ, to regard j, expressing the decision
of the British government. Indeed Lord Pamels'
ton himself admits in his note that he did not in
tend that il should be SO understood Whatever
therefore, might be the terms of the conversation,
was a matter of no moment, inasmueh as the de.
mand of the American government for repafatiou
was not presented until May following. To this
demand the British ministry have never given any
answer, and. indeed, Lord PalmerstOn seems to
pique himself upon having s.udiously avoided Civ.
ing any.