New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-12-27

itv for the measures OF his Administration, which,
he said. va. surrounded or all sides BY the mod
ern Democracy.
Would it not have been course more advanta-
ceous to the Wings and to the country had the
excitemen. of the Extra Session been suffered to
abate during the recess, aud the Wings resssem-
blcd calmly TO deliberate on the measures nov re-
commended b. the President whose efforts tor the
good OF the country will be properly appreciated,
and Will receive, proportioaaely to their merits the
support of the great body of the Wing party. the
Rulings OF Mr. Arnold and few ultrai,is to the
contrary Notwithstanding
In this same " head him or die" spirit but still
more Objectionable from atendan, circumstances,
notice virslent attack, in the Washington cor
respondenc. of the Courier and Enquirer of the
10th inst. on Mr. Thomas ALLEN, late editor of
the Madsonan, who has been an able supporter of
Mr.. Tyler, in which he is charged with being
poor young man. and after receiving the aid Of
Mr. Tallmadge and ethers, in establishing and
continuing the Madisonan, ana by their exertons
having been elected Printer TO the Senate. and
suddenly elevated to position which would
bic him to secure to himself wealth. honor and po-
litica distinction with deserving the principles on
which the paper was established. and endeavoring
to sting his benefactors to death.
1t is far easier to denounce merely the course
pursued by the lladi.onian a. Inconsistent ihan to
prove it to be the case on this it not necessary
to dwell, bu; leave The public to Judge as to the i'm
partiality of the examination referred to. Norris it
necessary to be,tow much time to rescue Ar. Al
len from the charge of ingratitudc made by one
who woald convey the idea tina, it Is easy task
To fortune. aud be honorable,
Without the stamp ofrncrlt,"
by in;imating that Mr.. \. has secured for himself
wealth. honor, and political distinction and ye,
owes erery thing to the gentlemen referred to.
The facts Of the case, as - am informed from
good authority, are, that Mr.. A. never received
contributions from Mr.. Tallmadgc, Mr.. Clark, Mr..
Bolts, or Mr. Stany, which were not refunded in
printing or otherwise; that he did eagerly
but with reluctance, accept the opportunity Of es-
tabli,hing hi. paper, and that in accordance with
intentions long entertained he has disposed OF
his intesest in the Madlsonian, and not been com
PEELED, covered with shame to retire inglori-
ously from the editorial chair. ARGUS.
LoUIsIASA.-We resume abstract of Gov
ernor Romans Message.-In regard to Banks
and Currency he is right and resoute.-Rc-
GREETING the dcath-blow given by President "
Ter to the hopes of National corrective, he urges
that the Legislature must now abandon all hope of
extrnsic Influences, and take the matter in hand
at once. The action of majority Of the Ncw-Or
leans Banks, in deciding 10 postpone General
Resumption till next November, removes all doubt
of the necessity of Legislative interference. The
Governor gives statement of the condition Of FIVE
of the weaker Banks at the time of their last
Suspension in 1889, compared with their condition
on the I'd oil October last, showing the following
aggregates:
Discounts. Cash Assets. Cask Liabilities
In 1889 -, 1876 Sl,208,962 S2,369 1874
1Sil-- 5,ll0,560 9O9,l36 3.153256
Increase, S930, 1854 Dec. $2g9 ,826 Inc. $785,O7a
Showing conclusycly that their condition is dccid
eddy weaker than it was when they sus-
pended, and is not likely to grow better from their
voluntary action while suspended The emily course
to check the inevitable tendency to depreciation
and disorder is TO require an immediate Resump-
ton, and to provide for the winding up Of all
Banks that do not comply with the rsquistion.-
In regard to Suspension, the Governor Justly OBJ
serves
The dcrang, ment of business and tho deprc
citation Of all kinds 81 property not the only
evils Produced by this state of things. pro-
longed suspension is illegal and continuing VIC
la,ion of contracts. When institutions, whose
most important function is TO require rigid pune
tuaty in the performance OF promises to pay, re-
fuse on their part fulfil the obligation, and
public opinion seems 10 support them IN their re-
tusai, individuals apt TO think more lightly oil
their own engagements. y general neglect OF the
true and honorable fuhlment Of contracts takes
place, and the decentralization OF society Is the in
evitasle consequence.
Resumption must press heavily upon the com
muniy for whlc. but this PressHre cannot be
avoided. We cannot permit the value OF oar pro-
perry 10 be always represented by paper money
furnished by banks who do not pay their debts. \
resumption must take place sooner or later. and ii
cannot take place without momentary shock
While We delay this crisis we weaken power
of resistance, and we increase its intensity by the
additional number OF institutions that mu,t sue
cuuib.'
The Governor recommends more vigorous legis.
lation against frauds and defalcations On the part
Of Bank Officers, increased penalty for tac crime
Of Bigamy, modification of the penalty Of Death
denounced agans; duelists to Imprisonment, and
subjeclng the homicide therein to the payment .;
the debt. of his victim, and the rigid enforcement,