The daily union., 1846-05-02

the range of his fst who said that he did not be-
ieye him TO be democrat. As the cheer Of our
whig friends in this vicinity is renowned the world
over, the distinguished guest will possibly re-enact
some OF his past political pugstics. We shall see.
The legislature of this State adjourned on the 2lst
instant-the Senate having elected speaker ae-
cording to custom just before the members sePar-
ated. Hon. VIM. Bigler, Of Clearheld county, was
the democratic candidate, and received all the demo-
cratic votes polled, with a single exception-Mr.
Dimmiek, Of Wayne, who, by finally voting with
the wings, and the single native, elected Mr.. Ross,
OF Luzerne county, also a democrat. Mr.. Bgler,
the regular candidate of the party, is young man,
but has made himself highly distinguished repu-
lation for great prudence and skill well excel
lent abilities legislator. Mr.. Ross will, no
doubt, make good speaker but il is TO be regretted
that all our friends did not unite upon the properly
chosen candidate who, besides doing credit TO their
choice, would have been elected as the regularly
nominated candidate. The bill granting the right
Of way through this State TO the Baltimore and
Ohio railroad company, passed finally, and Is now
law, having promptly received the signature OF
Gov Skunk. The bill was, however, amended in
very important particular, by providing that If
three millions Of dollars shall be subscribed and
million paid IN to the great central road project, for
a continuous line OF railway between this city and
PitsbuTg, before the LIST Of June ls47, then and in
that case, the bill granting the right Of way through
Pennsylvania TO the Baltimore and Ohio railway TO
be null and void. have not the shadow Of doubt
that this amount will be subscribed and paid in in
this city alone-a large meeting, called for that
purpose few evenings ago at the Museum, having
given very strong and overwhelming expression
In favor OF speedy, prompt, and liberal action. As
many OF the political opponents Of Governor Skunk
had hoped To make the bill granting the right Of way
TO foreign company main element in producing
the overthrow Of his administration, | may honestly
cOngraIulale ouT worhu executive unon the reault
as suspicious and gratifying.
Business Is recovering from the late puroxysm
and our stock has also been more fayorably
affected for day or two past. The notice, no more
the ''war-measure" Of yesterday, is now regarded
as the peaceful and prudent preventive; and the
independent treasury is robbed Of its erors by the
accommodating lnterposition ofthe Senate,
Since ! wrote you last, our money market, and
that invisible yet delicate element in the great COM
mercIal machine, yeept Change" have each under
gone somewhat Of panic. The passage by the
House OF Representatives, Of the independent treas
ury bill, by vote, too, Indicating equal soundness
and unsnimlty OF action, had the apparent effect OF
stopping all discounts, (Which are now only very
partially resumed and Of causing many Of the mer-
chants to tremble in their shoes. | say the appar-
ent effect, for there is no man in his senses, surely
who believes that the subtraction Of the amount
Of government funds in the banks from the cir
culation Of the country, would have the potent inHu
enee ofproducng failures and pancs which is attn
buted 10 IT, We are in the midst Of a season Of
great prosperity and the spring sales just terminated
have been remarkable for heavy operations and
prompt payments Labor is well rewarded, and
produce commands excellent prices and that with
out reference TO the great European market which
has recently been opened TO some of our most i'm
portant staples II is notorious that there is wider
and more general solvency among individuals, and
less of a disposition to rely upon credit, than has
been the case In many years. Surely no better time
could be chosen-a time, let it not be forgotten, when
even the banks say they are impregnably solvent
and strong-to carry out the great reform pointed
out by the constitution, and urged upon US by
a recollection Of the numerous losses Of the coun-
try by placing the government funds in banks,
and by allowing them 10 be used by speculators.
say them it is the best proof Of any banks rotten
ness which declares this wise measure Of prevention
against calamites 10 be the Of failures or
suspensions; and it seems TO me that those who
have these institutions in charge, for their own, il
not for the peoples sake, should protest against the
panic which was threatened against the government
few weeks ago. The truth is, they are all at the
mercy Of the noe-holders, and there will be cal.
cuaton Of in furious consequences If they attempt to
seek refuge in the arms Of panic" or hang them
selves by "suspension;" and all because Congress
shall have decreed the separation Of the government
money from the banks. Mr.. Senator Lewis's reply
to Mr.. Webster, last week, has given them, they
pretend great hopes that the Senate will event
ually defeat it, or emasculaie it in such manner as
to make it equal to a defeat. At all events, the
House has done its duty in regard to this important
measure, and that too, in the most prompt and i'm.
posing manner. The Senate will now have to take
the responsibility Of disposing of il; and although
many believe 1t is there destined to be defeated, yet
cannot but hope that it will be carried speedily, and
by powerful vote, through that digHifed body.