New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1842-02-15
THE TRIB UNE.
Pepnsylynnia-5 OBSERVATION-DISCLOSURES sn'
rrovc,ncn,--I e REACH ct F 81 th. ( corruption,


&c. &c.
CORRESPONDENCE o. Tic Tribune.
HARRISBURG. Feb. II, 1872
Iii,. Who'll. OF tho past week llus been occupied
b, the House of Representatives 10 passing bill
io.,hc Immediate Resumption Of Specie Payment.
Il llas finally been sent to the Scra'c, and v.ls
III. morning referred Select, Committee Of three
consisting Of .Ic-s,s Git9ns, Sullivan AID Pla-
me,. Locoo in ItalicS) a;n doubtful 81 i. lac
In Committee; but tie Destructive party Eas been
sis.cn majority q Committee by the Hon..
Speaker stro.;i,. The project ha, is inception
in Tic brain Of Mr.. Dcfonl o layct:c. Chairman Of
the Standing Committee of the House on Banks.
but wa, materially altered during IL second read
ing II is homogeneous, and must be destructive
to the Banking interests, and consequently I" the
w!l3lc community Our political friends llayc nni
however seen li,to oppose IL passage. TlIey ar
CUE tia; as the People have 50 often di-r.gar1cd
tic warnings of r;illl ;t:d suffered iiicns.ve
#Ic led ;,t:ts By tic ariicc. Of dcnago.,l"%, '''y
saula Dc allowed lcs, ,llc experiment, and
Il c total ;n,.i!illtion oc Banking -tcIn:"ljlz
'wgra ,i, the public s.upl r,s=co;:.c VII dis
a.1n ;hc Desr,nctivc7 Of. powerful ,yeapol'--hey
have f5i Gears denounced The Banks. wi.ic a,lhc
sane tim, they lave Annually forced =Loas from
,c,n 10 me-, the expenses ni Govc,lnc:i, and pay
,,e-cst %, -alc Debt. Netting buzcxpc ricucc
will -a,i.:y them: they worsl cil pcacczby
..l;,1;or on, its bnnc and 4i.rn o,-rv hcl,aing
r.,u Stare, tll,m in tic face, ,cs#v.il ,;,ll with
I,cl. regret % the cSp>c, ;,n conservative prin-
c;plcs of tic Wlig party. The yo;cc OF roriot-
ism as been djsirgnrelce tie torch Agroriur
ISM has lccn waved over o;li institutions. un, the
nicry.Lc fam. nt him WHO fired Perseiolis or
DESTROYED lie AlcNundrjan lbrary, await Tia,
man .ho hrs, used l,is official teton ard abused
Nation, gratitude. by conmenciar a political
warfare against the Currency and monetary insti-
tu,ions
The Resumption Bill, now in tho hands Of tic
Senate Committee, is clearly unconstitutional.
iufracting fair and distinct contract cntcrc,! INTO
between the State and the Banks blythe last L.
9islature. The provisions of the Revenue or Re-
lief Bill Of May |, l3il,wllicl was PASSED BY
,wo-tlird vote Of both branches over Coy. Porter.
Veto, guaranteed 10 the Bark, III case they would
Loan Tie State s3,l00O00, stay of all penalties
against them or not paving specie, and the tenure
OF their charters tor=iive years incasc Of suspcn-
,.,,,=,
'o', o. PRfts one to0l SsEsS oiail hot''s
were issued for a portion Of this loan which the
banks were compelled To receive in payment of
debts and on deposit: were rc-issualIit BY the
State Treasurer, lnd of coulsc n>:irtcd Cur
=rency This BILL to provide for the repayment
of the loan, takes away the coinpul.i67n on the |
Bnnss Is receive them, and ;rrangcS for their ab-
sorptio fu, Treasury purposes, without being re-
issued By this the State crccps out of its bar
cain and throw, tie Whole onuS OF tue Pcoplc.-
As long as these bills were Currency they were AZ
par, BIZ, as undo, this bill they can only be re-
deemed in Sums Of 500 by certificates OF State
Stock. tllcy must sink to the present deprecated
price Of tia, Stoch Vt tlc sumo time those
holders who can cas, Afford 10 lose discount are
subjected 10 the schemes Of brokers ard capital-
ISIS Who haze fer them 10 pay tells taxes Nc
You will doubtless agree with me ~ these views
o! the bill, that ii is nlonstrolS one. and can mel
Tier relieve the People, furnish Currency. ncr
=,rnducca Resumption
Mr. lloilcuback who was appointed Canal
Commissioners b. GOV. Porter ON the lst instant,
has already signed, and Will be 'sccecdcd By Mir
Oycriict whoiS strong improvement man Mr.
Batter. iic-Prcsidct ol The canal Eoart and ioi-
merya W Ing Editor, Is SPOKEN o' rs d gentleman
Of great industry and It's most icrlouSiN to nc
hoped tha, tic present Board VIII act more iol 'e
general good than private interest ana 'lus FORM
strong contrast IL I'll" recent bcard " al least
le=oi Us 'ilcilioSis:
As seen as any ac,'nn Is h''' ' u '"',h D,' IS