Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-01-14

MESSAGE Nee
sSs Of Govsrnor Porter wss communicated 10 botA
House OF The Legislstu<s Of Pssssyivsnis o. wednss
deg. the second day OF the session.. -. sdocunsni Of
moSersi. length. a. times ga occupying f'ur spd . hall
column, OF the krvsssnc uewspsper. On the Bssk
Question. Governor Poster goes Zoe bank rsiorn" AL
for rssunpiion" In regard 10 the former. he s~ys. u
has been 9 matter Of deep rsgrs', that his recommends
ttous on that sue.ect. did net facet tho spprobasion Of
the last Legislature. as he % persuaded that "sh. nosi
beneficial tnsuene-s would have ressled FROM ths'r
adoption Hu. however, never too lat. 90 do COED
and accordingly. ths message again recommend. ~nh
snsious eamesine- those measures fr rtf,rm Nc the
abuses ii the banking system" to the early sitrnlion
o. he Legislature.
In re.ard to that Other. and more presently lm2or.
,,ni question: of resumption. the message OF Governor
Potter contain, the suhjoned paragraph
The resumption .fspecie payments In the part OF
The banks. which constituted . year ago sueh . form d
able portion Of tb. difficulty in the way of efficient 10.
Eisla' non. 0, about 10 b, c-onsummaicJ. without your az
tive interference at all Under The rssclu ,on passed
"n the 81 day of Aprl last. those lrstiiations arr re-
CURED on and sner the 18th day Of January mat TO
ray on demand all their notes. bills. deposits. and 9TH
or liabilities. in gold or silver cVin. sn penalty vf the
torieiturss oftheir charter, upon certain conditions set
forth IN said resolution. IL sffbrds me great pleasure
to state. that although the day 6Ied Tor the r-sunJ ION
-ss more remote than ! wished a, the time. yet the
period Of indulgence sas nearly passed ~ ay. and thsre
q nov good ground 10 believe. that the banks OF his
Commonwealth MIL. ss hey are required 10 do, be
prepared sgs'n to discharge their liabilities in specie.
should they do 81. by continuing strictly 10 observe
The law. and ny fulfilling the just Ell Expectations of the
public, they msy regain the confidence which they
have hitherto Loaf. and more particularly may they do
this. II proper measures be adopted for The better rssu-
iation aId control ofihsir operations. Que ofthe rnUst
immediate advantages resulting 20 the community.
ir1n the resumption II specie psyIneais. will he the
entire expulsion from circulation Of the illegitmats
brood Of small nntss that have been poured in uron ur.
I lr0n the nf1ghbnuFfnn sf.f.. al, Ill Il a., G-.n.
ofls~, and ct the mos, sctIve end.ayox 10 suppress
them. Ieannui. however. concluds this part Of my
'uhJeci. without recommending that no increase ofour
banking capital be made under any circumstance. and
that eheetual provision be made by law. that if any
bank shall nj any time hereafter. suspend specie pay
mens. u shall be iYso facfo . forfeiture ofiis charter
Nothing short Of an absolute and unconditional pro
Nisi'n Of this Kind. can arrest the frequent over i.ue
ny the bank, induced by the inordinsis cupidity OF
ihose under whose directions they may be soad uoied.
Let the great prHeiPle be distinctly announced at the
toandsiion on which our banking Institutions resi-, that
hereafter. there are to he no more suspensions Of spe
cue Payments in Penn,yls ania.
Tn. svery good theory: snd tho phrase sound, par
neulariy pleasant and well-'No NOR. .uspsn.Ion, OF
specie payments ~ Ponnsylvahi,." To secufe that
golden era uniGterrupiedly. will require some other
to besiir themselves, besides the banks" twill re.
quire the hearty and earnest cooperation Of the Stale
The banks. and the people. With such co operation.
every thing in the way Of specie payment, j, po..i6lr.
Md With regard to the immediate question Of Re.uunp
hon. We DO not fear TO promise that &c the SAFE. and
the people Of Pennsylvania resume. and provide a.
gainsi future suspension. the banks Of hat State will
heartily snd earnestly. and M doubt successfully, Sc
cohd the motion. IL 10 al any rate good hearing fer the
creditors Of 10th State snd people. that there are To be
mo moro suspension. IN Pennsylvania" IL that cat
De achieved by a htle bet OF bank reform" there " AZ
be no one wo feel certain, to say nay to the pro-
Ject
The pebble d0bt Of Pennsylvsnia is stated I, be a,
Ioll"wS Permanent loans. chiefly ai S per cent. ass.
2SoOl3S2. Temporary loaI. $4,000. Due United
Snies on account Of deposit OF surplus revenue. SO.
S675l475. Upnaid appropriations. s622. 2i7.70 To.
tai. $50 0,775. 60. Or. nearly thru, Ieysa million.
OF dollars.
The public property. or available assets Of the Key.
stone Commonwealth 10 meet her Liabilities are thu,
set forth IA the message:
BAnS stock g. I0s,7 0 90
TuFunISs nnI RrtlUa afnck q ON a.o -