The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-05-09

day last, and left ON Wednesday for the smiling
valleys, and the romantic hills of poetic Wyoming
Mr.. Bidack 10 one Of tho States trncst sons
Our gallan, North has no man moro deserving Of tho
confidence of tho country than he--no man who 10
more capable TO disehargc public duty, and more
honest In the long journey before him, and among
the In which he viii hereafter be placed,
he will be enabled to cherish the gratifying rehec-
ton that lie has lo behind him many warm friends,
who will be ready, when his mission il over, TO
welcome his return to his native State.
Our anniversaries, religious and scientific, come
of in the course Of the present month viii cndea
vor TO keep you advised of their doings.
Among the new books already published, arc
James's novel, "Charles Tyrrell, or the Bitter
Blood, IA book of uncommon interest, and worthy Of
the successful and locomotive pen of ts industrious
writer; "Ftz-Greene .Haleck's Poems - including
'Anwick Castle, y beautiful specimen Of American
poetry, as well as spendd proof of the perfection
Of American printing; in addition 10 all the serials,
Harpers' Illustrated Bible, MOI Of Dr. Lardner's
Popular Lectures ON Science and Art, and capital
reprint Of Lord Brougham's celebrated book ON
Dialogues on Instinct, with analytical researches
on Fossil Osteology. The book market 10 dull.
There is great room just now for the employment
of the pens Of all native writer's, and the foreign
advantage TO the trade.
The noble packet Susquehanna left for Liverpool
on Sunday last, having on board the widow of tho
late Nicholas Biddie, and family.
Ihe Monongahels, lalso fine vessel. and ono Of
the Liverpool line Of Cope packets which arrived
at this port few days ago, was rcmanded by the
health officer TO the lsxarctto on account Of several
Of the crew being i'll of smallpox.
Major Noah, in the proud but not palmy days Of
the United States Bank, called Pennsylvania s.the
banking State"--a title which she had deservodly
earned contrary to the real wishes Of her citixens
who are naturally republican, both in principle and
practice, and opposed 70 the creation Of paper
nopolies. We had the first bank in Amsrica-the
old Bank of North America, which was intended to
be national bank; but the powers Of the confedera-
ton were not equal TO its creation. We had the
first Bank of the United States, planned by Alex
der Hamilton the second Bank Of the United States;
and then the largest State bank in the Union, under
the same title, planned by Mr.. Biddls, and passed
by Messrs Ritner, Stevens q Co. The last---
which was u continuation Of the second national
bank--we have seen blown into a thousand atoms,
and our city and State have not yet recovered from
the effects of the tremendous explosion. We sui.
fered deeply from the continental money of the rev.
olution, and we have suffered much since from tn
undue creation Of paper promises TO pay, which are
always dshonored by their issuers in times Of dii-
Guilty and distress. We have had four Suspensions
Of specie payments in Pennsylvania, from July,
1914, to April, l642a period Of less than twenty
seven years; which would show that our banking
system colapses every years, II the average
was struck for the whole term. There must, there-
FORE be some radical defects in our system; sonle
thing which requires change and revision; and
which think our executive and legislature will
steadily apply themselves to effect next winter.
The history of banking in Pennsylvania il not,
therefore, merely local history, but Il i connscsd
with the history Of the whole monetary SUSTAIN Of
the country; and az it may not be uninstructive 70
your readers in different parts Of the Union shall,
at intervals, send you such sketches Of it, prom
inmt features as may not prove unacceptable.