Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1841-01-09
GOVERNORS MESSAGE.


10 the Senate and House of Representatives # The
Commonwealth IF Pennsylvania.
FlLLow CITIZENS .-Amorg III, various duties
Tnjoinel Ivy the Constitution on the Executive ma
gstraic, none is more important and more frequent
~ peiplexing, than that Of "giving TO tie General
Assembly information Of the stac of the Common.
wealth, and recommending TO their consideration,
such measures as he should Judge expcJicnt" On
ms occasion am happily relieved from much Of the
ahNie'y aud embarrassment attendant upon the dis
charge of this duy, by referring your attention To
the annual message which had the honor to trans
init to the Legislature on the slh day OF January
last In thlt message, Ii i, to be my inn awe
duty, TO enter into full and elaborate expos IL ur
my views on several deeply Interesting u c, Is con-
nectcd with the pubic welfare, and esp, cially on
'hc subjects Of the internal Improvements of the
Commonwealth, the public debt, and the reforma.
ton Il the banking system. In rcg,rd to these
leading questions of vital interest, und The numerous
'uhordinste matters intimately associated al blrn.
DID With them, c-n idd very little The opinions
oSpre sei, and the Recommendations male in the
message 10 which have just referred yor. The
exper ence of the past year has not only conf med,
but s'renglene my conviction of the justice and
prolIe'y of tlose opinions and recommend iii ms;
the p ople at large with une1amllel unanimity
nave approved them, nnl carncs ly invite your
careful deliberation, as that Of the last Tegi,-
,uIc, upon those portions of the messag~, to which
you will find convenient access upon your urnal
81 fr ros ecs the reforih of the banking system.
| perceive no necessity for changing or modify ing,
in any essential particular, the recommendations
therein contained; and now here respectfully, bu,
rncstly recommend the adoption of the rcco IL
mcndaions | then made on this subject, and trust
that tie present Legislature will not separate until
they shall have made a searching AMI thorou.h re-
form of tho impcrf,ctons aud manifold al u.es of
the pre- eut system To me it has been a sui icct Of
deep regret, that my recommendations on that sub.
jec, did rot meet the appreciation of the last Legis-
li'ure PERSUADED as am, iha, the most benz fetal
innu, noes would have resulted from their adoption
1t ls not, however, too late TO apply the remedy still,
and again recommend, with anxious earne ,tnC ss
those measures for reforming the abuses Of the ban
king System, TO your ealy attention.
The resumption Of spree payments on the part
# the baLks, which constituted year ago such
form dablo ortion of the diff, ulty in the way of
efficient legislation, is about 10 be consumat,d with.
out your active nterle,ene at all. Under the reso.
luton pass Oh the 3rl day ofApril la t. those H..
sliiutions ale required on and after the 5h day Of
January inst, to pay demand all their notes. bills,
dcPos ties, aud other liabilities in gold OF silver coin,
penalty Of he forfeiture of their charters upon
certain conditions set forth in said resolution. Ii |
affords me great pleasure 10 ae, that altL orgh the
day fixed for the sumption more remote than !
wished a, the time, yet the period f induls, nee |
has yearly passed away, and there is now oil |
grornd to bcciyc, that The Irks of tn 5 Common.
wealth will, they required 10 do, be Ircp nd
again TO discharge lher labilates in specie. Sh uld
they 10 SO, hy coinuing strictly to obsIve the law,
and by fulfilling the just expectations of The public
they may regain tie confidence which they have |
hitherto lest and more Particularly may they do this |
ipfoIer be adopted for the better reguIa.
,iOn and conlr,l II their opeIaiols. One Al The !
most immediate advantages resulting 10 the commu.
nifty, from the resumption Of specie payments, will !
lie the entire expulsion from circulation of The lie.
git mate brood of small notes that have be en- poured
in uron U.s. from the neighb ring states On all sides
in defiance of law and Of thu most active end, avors
tn suppress them. ! Cannot, however, conclude
tins part of my subject, without recommending
that no increase OF our tai king capital c made un-
der any circumstances, and that eiiectual provision
be made by law, that ifany bank shall at any time
hereafter, suspend specie payments, it shall be pso
Jacfo q forfeiture Of its charter Nothing short OF
AN absolute and condi iona provision OF this kind,
can ares, the frequent over issues ly the banks,
induced by the inordinate cupid ty OF those under
whose directions they may be conducted. Let the
s"ai principal lie distinctly announced as the ioun
dalton on which taIklng inslilu lutOns rest iha
h'rsiior, lh'r 10 G no more SUSPENSIONS of
sIecio pay monIs in rcnn.y hanis, 4